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IndusInd Bank CEO Kathpalia Resigns Amid Derivatives Accounting Issue
The resignation of Kathpalia follows just two days after the bank's deputy CEO, Arun Khurana, also quit. This is a major setback in the management of the bank, with sources suggesting a larger leadership change and overhaul will be happening in the coming weeks.
Star Health Reports 99.76% Drop in Profit for Q4
The YoY situation is also grim, with a decline of 99.64% in net profit from Rs 142.32 crore in Q4 FY24. The abrupt decline in earnings has had a significant impact on the company's QoQ as well as YoY profitability.
India Cements Reports 3% Revenue Dip, Net Profit at Rs 14.68 Crore
Despite this, the Aditya Birla Group-owned cement company managed to post a consolidated net profit of Rs 14.68 crore in the quarter, a robust recovery from the Rs 60.55 crore net loss in the corresponding quarter of the previous fiscal year.
India Cements Reports 3% Revenue Dip, Net Profit at Rs 14.68 Crore
Despite this, the Aditya Birla Group-owned cement company managed to post a consolidated net profit of Rs 14.68 crore in the quarter, a robust recovery from the Rs 60.55 crore net loss in the corresponding quarter of the previous fiscal year.
Zomato Employee Allegedly Highlights 'Deep Crisis,' CEO Dismisses as 'Utter Nonsense'
The post criticized the work culture as "toxic" and mentioned the abrupt resignation of Rakesh Ranjan, former CEO of Zomato's food delivery segment. However, Zomato has now made it clear that Ranjan has not resigned.
Anant Ambani Joins Reliance Industries Board as Executive Director
As per the filing, "The Board of Directors of the company, in today's meeting, on the recommendation of human resources, nomination, and remuneration committee, considered and appointed Anant M Ambani (DIN: 07945702), being a non-executive director of the company, as whole-time director by designation as executive director of the company, for five years from May 1, 2025, with the concurrence of the members of the company."
Maruti Suzuki's Q4 Profit Declines 4.3%; Declares Record ₹135 Dividend Per Share
The automobile manufacturer, while making its report to the stock exchange, noted that its expenditure as a whole increased by 8.55% year-over-year (YoY) at Rs 37,585.5 crore for the March quarter.
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