Here is a collection of the most important stories this evening:
Tariff hike may be lower for entry segment, but repair critical for reasonable ROI: Vodafone Idea's Akshaya Moondra
Vodafone Idea's chief executive officer (CEO) Akshaya Moondra has said the tariff hike may not be high for the entry-level segment but moving to pay-more-to-use structure is critical for telcos to make reasonable returns. Read More
JSW Steel Q4 net profit plunges 65% to Rs 1,299 crore amid higher expenses, low other income
JSW Steel's net profit (attributable to owners) plunged 64.5 percent to Rs 1,299 crore in the quarter ended March 31, 2024, as expenses rose even as other income declined. The steelmaker had reported a profit of Rs 3,664 crore in the same quarter last year. Read More
Zee Entertainment swings back to black with Rs 13 crore profit in Q4FY24
Digital and broadcasting media company Zee Entertainment reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Read More
Wipro COO Amit Choudhary steps down, Sanjeev Jain to take charge
Indian IT services firm Wipro on May 17 announced that its chief operating officer Amit Choudhary has stepped down effective immediately to pursue opportunities outside the organization, the firm said in an exchange filing. Read More Relief for SpiceJet: Delhi HC quashes order upholding arbitral award in favour of Kalanithi Maran
Delhi High Court on May 17 set aside its earlier order upholding the arbitral award in favour of Kalanithi Maran and against low-cost airline SpiceJet, bringing in relief for the cash-strapped carrier. Read More
Bandhan Bank Q4 net profit slides to Rs 55 cr on high loan write-offs, asset quality healthy
Private sector lender Bandhan Bank on April 17 reported a net profit of Rs 55 crore compared to Rs 810 crore last year. This was largely due to high loan write offs of Rs 3,852 crore done by the bank in the quarter. Read More
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