News Overview

The exact configuration of the newly ordered aircraft will be determined later, with deliveries expected to commence from 2027, as per the company's regulatory filing.

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.