The actual amount involved in the fraud stood at Rs 135.86 crore, which the company expects to recover to certain extend upon completion of actions by law enforcement authorities.

This year's gathering marked a significant change as it was the first without Charlie Munger, Buffett's longtime investment collaborator.

The lender's standalone net profit fell 9.5% year-on-year to Rs 618.99 crore in the quarter ended March, missing Bloomberg estimated of Rs 658.84 crore.

Though Buffett sidestepped directly commenting on the partisan fight over corporate taxes taking shape, but said his company will pay whatever the rate is, whether the current 21% or something higher.

Red is the second-highest storm risk level. The agency also issued landslip and thunderstorm warnings, and advised the public to stay on high alert.

While Apollo has approached Paramount several times in the past few weeks, the latest proposal, coming with Sony as partner, had more specific details than previous ones, according to a person familiar with the boards thinking.

He would be relieved from the services close of business hours on May 31, the company said in an exchange filing. However, he would continue as an advisor in the CEO's office after May 31.

Four soldiers of the Indian Air Force sustained injuries after two vehicles in their convoy came under heavy terrorist fire

The bank witnessed a 10% increase in its total income to Rs 6,029.17 crore from Rs 5,502.09 crore.

Constructive pronouncements from Federal Reserve Chair Jerome Powell and softer employment data fueled the uptick. Yet divergent economic reports are proving costly again and again for investors placing bets on the Feds next move on interest rates a move that ostensibly hinges on the economic data.

The firms hoard increased to $189 billion at the end of the first quarter, topping the record it set at year-end. The company also reported first-quarter operating earnings of $11.2 billion, versus $8.07 billion for the same period a year earlier.

The muted reaction of the market to the upbeat earnings can be explained by one thing. Traders, unconvinced that companies can deliver going forward, are punishing stocks for weaker-than-expected guidance.

Kansai Nerolac announced an investment of Rs 20.1 crore. The company plans to augment the capacity by 460 metric tonne per month at its Sayakha plant.

The paint company's net profit jumped over 18% but missed the street estimates in the quarter ended March 2024.

RBI's order has had an impact on the franchise and reputation, he said. In particular, the credit card business and Kotak 811 will be the most affected.

Despite bottlenecks in the last seven years, resolution of 3.5 lakh crore was achieved and 27,000 applications worth Rs 10 lakh crore were withdrawn, making the IBC a powerful tool for debt resolution in the country, said IBBI's whole-time member Sudhaker Shukla.

Birla Corp. reported a 127% jump in net profit for the January-March quarter.

Net profit of the cement company surged 127% year-on-year to Rs 193.34 crore in the fourth quarter, beating Bloomberg's estimate of Rs 150.78 crore.

The CEO was answering a query about the recent exit of KVS Manian, the bank's former joint managing director.

Citigroup said that it is cooperating with government and regulatory agencies from UK and Europe investigating the equity desk trading error that sparked a minutes-long selloff in the OMX Stockholm 30 Index on May 2, 2022.

Wealth distribution planning is the third most important task an individual must take up, when they put their financial lives in order, says Deepali Sen, CEO of Srujan Financial Services.

In the US, the closely watched jobs report pointed to moderating labor demand and slower wage growth. That should help temper stubborn inflationary pressures, which explains why the Federal Reserve kept rates unchanged this week and signaled they may stay higher for longer.

'I wouldn't comment on what he said, but certainly...,' Farhan Haq, Deputy Spokesperson for Secretary-General Antonio Guterres said.

The population of kids 14 years old or younger fell for the 43rd straight year to around 14.01 million as of April 1, according to data from the Ministry of Internal Affairs and Communication. The ratio of children to Japans total population decreased to 11.3%, also touching an all-time low.

The probe follows a legal complaint last October by victims families and survivors, alleging that the French energy giant failed to protect its subcontractors, according to AFP, citing the prosecutors office in Nanterre, near Paris.

Goenka's concerns have drawn attention to the need for proactive measures by regulatory authorities to maintain market integrity and ensure fair practices.

What to expect from IGX new small scale LNG contracts?In conversation with MD & CEO Rajesh Mediratta.. Read more on Must Watch by NDTV Profit.

Avenue Supermarts reports 22.39% rise in Q4 net profit to Rs 563.14 crore.

CJI Chandrachud advocates for global cooperation in combating juvenile cybercrimes, emphasizing the need for proactive measures to educate and safeguard young individuals in the digital age.

Mangaluru International Airport enhances security measures after receiving bomb scare email from 'Terrorisers 111', prompting multiple security sweeps and FIR registration.

The launch was announced by Aggarwal and his team at DevSparks 2024, a developer conference where Krutrim was also unveiled as a open cloud AI platform.

46% of candidates contesting for four Lok Sabha seats in Odisha are crorepatis, with 17 candidates declaring assets worth more than Rs 1 crore, making wealth a significant factor in the elections.

PM Modi pledges legal action against corruption in the next five years, stating that all those who indulged in corruption would face the law.

21% of fourth phase Lok Sabha candidates declare criminal cases, with disparities in financial backgrounds highlighted by ADR report.

Pakistan introduces official yoga classes in the capital, with the Metropolitan Corporation of Islamabad launching free yoga classes in F-9 Park, gaining positive response from residents.

Russian chess legend Garry Kasparov clarifies his cheeky social media post about Indian politician Rahul Gandhi's chess expertise, hoping it's not taken as advocacy or expertise in politics.

Tata Power Renewable Energy and SJVN collaborate on a 460 MW clean energy project integrating solar, wind, and battery storage technologies for efficient energy dispatch and grid stabilization.

IDBI Bank's net profit soared 44% to Rs 1,628 crore in Q4 of FY 2023-24, with total income rising to Rs 7,887 crore.

Market experts anticipate this pullback to be supported by clarifications from the Finance Minister and positive US employment data, among other factors.

Berkshire Hathaway has the cash for a deal, the planemaker needs great leadership and airlines want planes.

The order was issued on Wednesday and its details were uploaded on the HC website on Thursday.

Adani Ports plans to expand its operations in the Philippines, focusing on developing a 25-meter deep port in Bataan to accommodate Panamax Vessels.

Kotak Mahindra Bank Ltd.'s profit rose in the fourth quarter, beating analysts' estimates.

YouTuber Elvish Yadav faces money laundering charges after being suspected of using snake venom as a recreational drug in parties he hosted, leading to an investigation by the Enforcement Directorate.

Nautiyal's appointment will take effect from July 1, 2024, for a three-year term.

  The ex-CEO is about to learn if he'll be the richest US inmate ever. But, with friends on the companys board, his ownership of the exchange intact and the mother of his children helping to run the show, his case is nothing like FTXs.

Binance founder Changpeng Zhao was ordered to spend four months in prison for failures that allowed cybercriminals and terrorist groups to freely trade on the worlds largest cryptocurrency exchange.

Bitcoin appears to be conforming more to the conventional viewpoints of traditional investors who have recently entered the digital asset world through the introduction of US exchange-traded funds.

Foreign funds dumped the most amount of Indian bonds in April since the Covid pandemic as concern on higher-for-longer Federal Reserve interest rates prompted traders to dial down their fervor over inclusion of the debt in global indexes.

Indian traders are planning to push for reconsideration of a rule that requires currency derivatives to have an underlying exposure, according to people familiar with the matter.