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Top Headlines: RIL logs highest ever profit, Pichai's pay soars and more

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Top Headlines: RIL logs highest ever profit, Pichai's pay soars and more

BS Web Team New Delhi

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RIL net profit rises 19% to Rs 19,299 crore in Q4 to highest ever

Boosted by a decline in raw material costs and big savings on tax expenses, Reliance Industries (RIL) reported a higher than expected net profit during the January-March 2023 quarter (Q4FY23) despite muted growth in revenues during the quarter. Read More
 
Alphabet CEO Sundar Pichai's pay soars to $226 mn on huge stock award

The pay package awarded to Alphabet Inc. Chief Executive Officer Sundar Pichai soared to $226 million in 2022, boosted by a triennial stock grant, making him one of the world’s highest-paid corporate leaders. Read More

Impact of MPC decisions to show in 4-5 quarters, says Shashanka Bhide

In February, Shashanka Bhide was the only external member of the Monetary Policy Committee (MPC) to vote in favour of a rate hike. In the April policy meeting, he changed his decision to go with the consensus of a pause. He explains the rationale in an interview with Asit Ranjan Mishra. Read More 

Airlines must get new altimeters to ensure no interference from 5G: Telcos

Telcos are pushing the Directorate General of Civil Aviation (DGCA) to impose a sunset clause within which airlines have to mandatorily replace their old altimeters with the latest one so that 5G spectrum airwave radiation in airports does not interfere with an aircraft’s instruments. Read More
 
IMF likely to have erred on India's growth forecast, says RBI paper

Days after the International Monetary Fund (IMF) cut India’s gross domestic product (GDP) growth forecast for the current financial year (FY24) to 5.9 per cent from 6.1 per cent earlier, a Reserve Bank of India (RBI) report said on Friday that the multilateral body might “encounter forecast error” as there could be positive surprises on the growth front. Read More

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First Published: Apr 22 2023 | 9:16 AM IST

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