Ashok Leyland turned profit of ₹5.76 crore in Q3
The Hindu
CV sector on recovery path: Hinduja
Ashok Leyland Ltd. (ALL) posted standalone net profit of ₹5.76 crore for the third quarter ended December compared with net loss of ₹19 crore a year earlier. Revenue from operations grew 15% to ₹5,504 crore.
The results included profits from exceptional items of ₹42 crore (impairment in the value of equity investment in subsidiaries ₹4 crore, obligations relating to discontinued products of LCV divisions ₹91 lakh, VRS ₹25.22 crore and profit related to EV, ₹72.15 crore).
“The [commercial vehicle] industry is on a recovery owing to the improvement in the macroeconomic environment and healthy demand from the end-user industries,” said Dheeraj Hinduja, executive chairman. “The MHCV segment is expected to lead the recovery in the coming months riding on the back of growth in core sectors.”
The rupee hits a record low of 93.94 against the dollar amid foreign fund outflows and a crashing equity market.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
HDFC Bank terminates three senior officials over client onboarding issues at its DIFC branch amid ethical concerns following chairman's resignation.
Air India CEO warns of potential flight cuts and reduced travel demand due to rising fuel costs amid ongoing Gulf conflict.
Options are widely used by retail traders to speculate on the value of the stock for immediate gains and such behaviour in large scale can distort the market
India achieves 1 billion tonne coal production for the second consecutive year, ensuring stable energy supply and economic growth.