Moneycontrol Selects: Top stories this evening

A round-up of the big stories

Here is a collection of the most important stories this evening:

Wipro Q4 results: Net profit falls 8% to Rs 2,835 crore, beats estimates

Wipro Ltd said net profit fell 8 percent to Rs 2,835 crore for the fiscal fourth quarter, beating estimates. The company reported a profit of Rs 3,074.5 crore in the year-ago period. Read more

Sensex, Nifty erase losses on short covering, rise 0.6%, but volatility likely to prevail

Benchmark indices Sensex and Nifty wiped off early losses and edged higher towards the end of April 19 trading session. Analysts believe that the recovery came on the back of investors covering their short positions despite Israel's fresh attack on Iran. Going ahead, they suggested investors to stay put amid geopolitical tensions. Read more

India sees Tesla alone achieving 50% domestic value addition for EVs in less than 3 years: Official

The Indian government expects meeting 50 percent domestic value-addition (DVA) within less than three years through Tesla Inc’s vehicles alone, a senior official said on April 19. Read more

MC Selects

HDFC Bank Q4 preview: Focus on deposits to keep margins steady but income growth may drag

HDFC Bank may have to contend with a low single-digit revenue growth in Q4 FY24, given India’s largest private lender focuses on mobilising deposits to keep margins steady rather than growing advances. Read more

As polling kicks off, MC Election 2024 Portfolio's returns race past benchmarks

Voting for the 18th Lok Sabha has started today, April 19. MC Pro's Research team had already constructed the Election 2024 Portfolio for its subscribers on February 5th, to participate in the economic reset that is likely to follow this crucial event. In just over two months after the launch, the portfolio is already doing well compared to the benchmarks. Read more

Cipla gets Rs 1.83 crore penalty for claiming inadmissible transitional credit on education cess

Pharma major Cipla Ltd on Friday said it has been imposed a penalty of Rs 1.83 crore by the GST authority for claiming inadmissible transitional credit on education cess. Read more

Voter turnout tracker: Latest figures from 102 seats voting in 1st phase of LS polls

A moderate to high voter turnout was recorded in the early hours of polling in the first phase of the Lok Sabha elections. In some Bihar constituencies like Jamui, the voter turnout figures by afternoon is already near those recorded in 2019. Read more