Tata Motors on Tuesday recorded a consolidated net profit of Rs 3,202.2 crore in the quarter that ended on June 30 as compared to a loss of Rs 5,006.6 crore in the same quarter last year. As compared to Rs 5,407.79 crore in the quarter that ended on March 31, the net profit was down 40.7 per cent.

The revenue from operations for the quarter at Rs 1.01 trillion was up 42.6 per cent as compared to Rs 71,227.76 crore in the same quarter last year.

The net profit of Larsen & Toubro (L&T) for the first quarter of the current financial year (Q1YFY24) saw a rise of 46.4 per cent to Rs 2,493 crore, compared to Rs 1,702 crore for the corresponding quarter of the previous year, the company said in a BSE filing.

Sequentially, the net profit was down 37.4 per cent. In Q4FY23, the net profit of the company was Rs 3,986.7 crore.

Kyoto-based Omron Healthcare, one of the world’s largest players in the medical devices space, has started the construction of its first manufacturing unit in India at Origins by Mahindra in Thiruvallur district's Peruvoyal village.

It was in May that the company signed a Memorandum of Understanding (MoU) to come up with a Rs 130 crore investment in the state. The company could start manufacturing all products in its portfolio, including blood pressure monitors, from Tamil Nadu.

Heavy rain is likely over Odisha and fishermen have been instructed not to venture into the sea until Thursday, according to the India Meteorological Department.

"Heavy rain is likely over Odisha on July 26, with heavy to very heavy rain likely over many parts of South and Coastal Odisha. Fishermen have been instructed not to venture into the sea till July 27", said Umashankar Das, senior scientist, IMD on Tuesday.

TVS Supply Chain Solutions (TVS SCS), which is part of the Rs 15,000-crore TVS Mobility Group, has got the Securities and Exchange Board of India’s approval to raise funds through an initial public offering (IPO).

The IPO will include a fresh issue of equity shares of around Rs 750 crore and an offer for sale (OFS) of more than 20 million equity shares by promoters and shareholders.

Prime Minister Narendra Modi on Tuesday derided the opposition alliance INDIA as the most directionless the country had ever seen and cited reviled names such as East India Company and Indian Mujahideen to assert that people cannot be misled merely by the use of the country's name.

Telegram has launched a new feature, called 'Stories', where users can share images and videos which will disappear after a set amount of time.

However, the feature is only limited to premium subscribers.

Mukesh Ambani is Asia's richest person and runs India’s most valuable company, Reliance Industries, which has a Rs 17.69 trillion market cap. He is one the most celebrated Indian billionaires across the world and known for his business skills and charitable acts. Mukesh Ambani and his family that includes Nita Ambani, Akash Ambani, Anant Ambani, Shloka Mehta Ambani, Isha Ambani and others are known for their extravagant lifestyle and luxury vehicles. Members of the Ambani family are often seen travelling in long convoys with massive SUVs and expensive cars.

About 100,000 reassessment notices issued by the income-tax (I-T) department in the past years -- where the income escaped from tax was above Rs 50 lakh -- will be concluded by March 2024, Union Finance Minister Nirmala Sitharaman said on Monday, assuring taxpayers of a transparent, objective, and friendly tax regime.

Speaking at an Income Tax Day event in New Delhi, Sitharaman said that widening the tax base remained a priority, and that the tax collected or deducted at source (TCS and TDS) approach to “track and trace” the likely tax liabilities, along with campaigns and nudges to encourage people to come on board on taxes, would help.

MCG giant ITC on Monday announced that it had received in-principle approval from the board of directors to demerge its hotel business. Under the new arrangement, a new entity called ITC Hotels Ltd will be incorporated as a wholly-owned subsidiary of ITC Ltd.

ITC will hold a 40 per cent stake in ITC Hotels, and the company's shareholders will hold the remaining 60 per cent proportionate to their shareholding.

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