BUSINESS
Tata Motors Shares Plummet by Over 9%, Market Cap Shrinks by Rs 29,946.88 Cr
The company's scrip crashed by 9.44 per cent to Rs 948 a piece on BSE, while on NSE, it plunged by 9.50 per cent to Rs 947.20 a piece. The slide wiped off Rs 29,946.88 crore from the company's market valuation, which fell to Rs 3,17,998.73 crore.
With neighbour like China, we have to learn to compete: EAM Jaishankar on India's Manufacturing Boost
The necessity for India to enhance its manufacturing capabilities to compete effectively on the global stage, particularly due to the competitive nature of international relations, especially with China as a neighbor, was an important one, he stressed. Jaishankar stated that self-reliance and building economic strength at home are fundamental to a robust foreign policy.
Meesho Secures $275 Million in Funding for Social Commerce Platform
This fundraise is still open, investors in this round included existing investors SoftBank, Prosus, Elevation Capital, and Peak XV Partners.
Tata Motors' Q4 Net Profit Soars to Rs 17,410 Crore, Up by 222%
Jaguar Land Rover, the company making the iconic Range Rover and popular Defender SUVs, had a disproportionate contribution with the unit accounting for more than 60 percent of Tata Motors' consolidated revenue.
March Sees 4.9% Growth in India's Industrial Production
The manufacturing sector, a key provider of employment opportunities for recent graduates from the country's universities and engineering institutes, experienced a growth rate of 5.2 percent during the month.
Chairman Announces SBI's Recruitment Drive for 12,000 Roles, Including IT Positions
The bank's employee base, which was 2,32,296 in FY24, had decreased from the 2,35,858 figure last fiscal. According to Khara, a large number of recruits are likely to be engineers, and almost 85% of the recruits at the associate and officer level would be engineers.
Air India Express Cabin Crew Strike Ends; 25 Terminated Members to Return
A section of the cabin crew began calling in sick from Tuesday night, complaining of mismanagement in the airline. Over 170 flights were cancelled and thousands of passengers stranded at airports.
Startup Employment Booms in India, Offering 53% of Jobs to Fresh Talent, Reveals Report
According to a report released by talent platform foundit (previously known as Monster APAC & ME), a significant portion—approximately 53 percent—of these job openings are earmarked for fresh talents.
Air India Express Turmoil: Strike by Cabin Crew Leads to Cancellation of 85 Flights
"We will be running 283 flights today. With all our resources mobilized, Air India will assist us by servicing 20 of our routes. Nevertheless, 85 of our flights are unfortunately cancelled, and we advise our passengers to verify if their flights are affected by the disruption before heading to the airport," stated the Air India Express spokesperson.
State Bank of India's Fourth Quarter Profit Surges by 18% to Reach Rs 21,384 Crore
Comparing to the same period in the previous financial year, where SBI's standalone net profit was Rs 9,113.53 crore, the current results mark a significant improvement. SBI disclosed in a regulatory filing that its interest income surged by 31% to Rs 92,951 crore during the March quarter of the 2022-23 fiscal year.
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