BUSINESS

This figure exceeded market expectations by 20.5 percent, according to data from Yonhap Infomax, the financial arm of Yonhap News Agency. Total sales for the January-March period climbed by 11.4 percent to 71 trillion won, marking a significant milestone as it breached the 70 trillion-won threshold for quarterly revenue for the first time since the fourth quarter of 2022. However, specific estimates for net income were not provided in the filing.

Previously, UPI payments from PPIs were restricted to the respective web or mobile applications provided by the PPI issuers. However, with the introduction of third-party UPI apps, users can now enjoy enhanced convenience and accessibility in making payments. This strategic move is expected to catalyze the proliferation of digital payments across the economy, streamlining the transaction process for individuals and businesses alike.

This decision comes after a pause in the rate increase cycle that commenced in April of the previous year, following a series of six consecutive rate hikes amounting to 250 basis points since May 2022.

In its previous monetary policy announcement in February, the RBI had set the GDP growth rate at 7 percent for the upcoming financial year starting from April 1.

Reflecting on the journey, Mahindra reminisced about a pivotal moment at the annual leadership conference (M10) in Mumbai back in December 2019. During that time, when the share price had plummeted to approximately Rs 500, the then CFO rallied for the stock to reach Rs 2000 by 2022. However, unforeseen challenges loomed with the onset of a global pandemic.

In a regulatory filing to the stock exchange, the company revealed that it received assessment orders and demand notices dated March 30, 2024. The tax demand amounts to Rs 308.65 crore, with an additional Rs 296.22 crore levied as interest.

The letter underscored the Vistara pilots' steadfast advocacy for fixed 70-hour compensation, improved working conditions, and stable rosters. Through thorough assessment and consultation, the unions asserted that these demands are not only reasonable but also indicative of wider issues prevalent within Tata Group airlines.

The commonly used ITR forms including ITR-1, ITR-2, and ITR-4 are accessible on the e-filing portal from April 1st, 2024, allowing taxpayers to complete their filings.

At the start of morning trading, gold futures contracts for June 2024 on the MCX opened at Rs 69,868 per 10 gm. However, propelled by news of gold reaching $2,323.70 per ounce in the global market, prices quickly soared to Rs 69,908 per 10 gm level.

Providing an insight into the financial performance, the company stated, "Standalone Revenue from operations for the quarter ended (QE) March 31, 2024, stood at Rs 12,393.46 crore." Additionally, as of March 31, 2024, the total count of stores under the company's umbrella reached 365. Nevertheless, it's worth noting that the Damani-family led enterprise also cautioned that the "standalone revenue from operations for QE March 31, 2024, given above is subject to audit by the statutory auditors of the company."