Prestige Estates Projects has posted 70 per cent decline in consolidated net profit at Rs 140 crore for the quarter ended March 2024 on lower income.

Its net profit stood at Rs 468.4 crore in the year-ago period.

Total income fell to Rs 2,232.5 crore in the quarter from Rs 2,938 crore in January-March FY23, according to a regulatory filing late Tuesday.

DiFACTO Robotics and Automation, a Bengaluru-based robot automation solutions provider, said on Wednesday it has raised Rs 40 crore in a Series A funding from Stakeboat Capital.

The company will use the funding for business growth and to strengthen its market position. The startup plans to capitalise on India's automotive industry's needs for robotic automation, said Ajay Gopalswamy, chief executive officer of DiFACTO.

Delhi on Tuesday recorded its all-time high maximum temperature as the mercury touched 49.9 degrees Celsius.

According to the India Meteorological Department (IMD), some areas, some areas, such as Mungeshpur and Narela, registered temperatures of 49.9 degrees Celsius, 9 degrees Celsius above normal. Najafgarh also recorded 49.8 degrees Celsius.

With only the last phase of the elections now pending (scheduled for June 01, 2024), all eyes are now set on the exit poll outcome and then the counting of votes on June 04. Though the jury is still out on the margin of victory for the current dispensation – the National Democratic Alliance (NDA), most brokerages expect Narendra Modi-led NDA to cross the majority mark and form the next government.

BJP president J P Nadda on Tuesday charged that the Congress wants to give reservation on the basis of religion.

At a public meeting in Kinnaur in support of BJP candidate from Mandi, Kangana Ranaut, Nadda said BR Ambedkar had advocated reservation on the basis of geographical and social conditions of a place and not on religious lines.

Senior IAS officer Manish Ranjan on Tuesday appeared before the Enforcement Directorate (ED) for questioning in a money laundering case in which the agency recently arrested Jharkhand Rural Development minister Alamgir Alam, official sources said.

Ranjan arrived at the ED office here around 11.15 am, they said.

RJD supremo Lalu Prasad on Tuesday took a jibe at Prime Minister Narendra Modi's reported "God sent" remark and claimed that INDIA bloc will form government at the Centre after June 4.

The results of the Lok Sabha elections will be announced on June 4.

The CBI has filed a charge sheet against suspended TMC leader Shahajahan Sheikh and six others in connection with the January 5 attack on an Enforcement Directorate team at Sandeshkhali, officials said on Tuesday.

The agency filed its first charge sheet in the case on Monday before a special court, they said.

Karnataka Forest Minister Eshwar Khandre on Monday informed that the state government will settle the outstanding hospitality bill of Rs 80 lakh for Prime Minister Narendra Modi's visit to Mysuru last year.

The minister's remark followed reports that the hotel, Radisson Blu Plaza, has threatened legal action for non-settlement of bills amounting to Rs 80.6 lakh. Modi stayed at the hotel during his visit to Mysuru in April 2023 to commemorate the 50th year of 'Project Tiger'.

Indian commodities tycoon Anil Agarwal’s Vedanta Ltd. is considering a share sale as soon as the coming weeks that could raise as much as 85 billion rupees ($1 billion), people with knowledge of the matter said.

Vedanta is working with advisers including Axis Bank Ltd. subsidiary Axis Capital and Citigroup Inc. on the offering, the people said.

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