News Overview

Earnings before interest, taxes, depreciation, and amortization (EBITDA) also witnessed a decline from ₹50 Crore to ₹34.5 Crore year-on-year.

UTI AMC holds the highest costs as a percentage of AUM at 26bp for FY24 among its listed peers, mainly due to steep costs in non-officer category employees.

Vodafone Idea's stock price was ₹13.45 on the NSE at 12:20 p.m., down 3.24% from the previous closing.

According to the existing permit deadlines, Tata Steel anticipates ordering equipment for the electric arc furnace by September 2024

Approval from lenders comprising 75% by value is necessary for the demerger, with consent secured from multiple private lenders already.

U.S. West Texas Intermediate crude futures increased by 33 cents, or 0.39%, to $83.90 a barrel, while Brent crude futures gained 34 cents, or 0.38%, to $89.35 a barrel.

Tech Mahindra secured net new deals worth $500 million in Q4 FY24, showing improvement from the previous quarter.

The Bank of Japan maintained its target range for short-term interest rates at 0-0.1% and forecasted inflation to remain at 2% for the following three years.

Despite slow first-quarter economic growth in the U.S., inflationary pressures have strengthened, reducing expectations of interest rate cuts before September.

Last month, Adani Green issued a $409 million dollar note, which was oversubscribed seven times, indicating strong investor confidence despite previous controversies