News Overview

As per the data released on Friday, the United States' job growth slowed down in April more than anticipated.

U.S. West Texas Intermediate (WTI) crude futures increased 46 cents, or 0.59%, to $78.94 per barrel, while Brent crude futures gained 46 cents, or 0.55%, to $83.79 per barrel.

The company stated that domestic revenue growth is expected to accelerate, with pricing and volume growth progressively ramping up.

The board recommended a final dividend of ₹19 per equity share for FY24, alongside a special dividend of ₹3 per share, totaling ₹22 per share for the year.

Three applications for the auction have been received by the telecom department by India's three private telcos by the application deadline.

According to a regulatory filing, the company's overall sales increased by 6% to ₹3,385.61 Crore from ₹3,200.16 Crore the previous year.

Profit before tax was lower in Q4 FY2024 due to an impairment charge of ₹201.3 Crore. The quarter's R&D investment totaled ₹425.5 Crore (8.7% of revenue).

In early Asian trade, the U.S. dollar increased by 0.22% to 154.235 yen, continuing its 0.58% increase from Monday.

For FY24, operating revenue soared by 33.8% YoY to ₹550.4 Crore, with a net profit doubling to ₹103.5 Crore. EBITDA increased by 53.3% to ₹126.8 Crore.

The company appointed law and accounting firms to investigate suspected irregularities and confirmed no similar fraud elsewhere in its portfolio.