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A 31-year-old man attacked two security guards with a knife in Thane, Maharashtra. The suspect, Zaib Zubair Ansari, was arrested shortly after. The Anti-Terrorism Squad is investigating, and officials suggest a potential religious motive may be involved.
Eternal CEO Deepinder Goyal says the company reached adjusted EBITDA profitability in FY24 after 16 years and targets $1 billion by FY29, driven by NOV growth, resilient India-first operations, and scalable ecosystems supporting millions of customers, partners, and workers nationwide.
The Indian rupee weakened to a near one-month low on Tuesday, pressed by a stubborn rise in oil prices and sustained hedging by local importers against further weakness, underscoring anxiety over the currency's outlook as it nears the 95 per dollar mark.
Indian stock markets, Sensex and Nifty, experienced a decline of up to 0.5% on Tuesday, reversing gains from the previous day. This downturn was triggered by renewed concerns over the US-Iran conflict, which fueled a surge in oil prices. Despite the broader market dip, Nifty Smallcap and Midcap indices showed resilience, rising by up to 0.4%.
Eternal Q4 Results: Eternal, operator of Zomato and Blinkit, announced strong financial results for the fourth quarter. The company saw a substantial increase in net profit and revenue. Zomato's food delivery segment showed steady growth, while Blinkit's quick commerce business experienced massive year-on-year expansion. Eternal anticipates continued growth in quick commerce over the next three years.
The frog in the well symbolizes professionals trapped in narrow experiences that hinder growth. To thrive, individuals must embrace diverse perspectives and challenges.
Shares of ONGC jumped over 4% on Tuesday as rising crude oil prices, driven by escalating US-Iran tensions and supply disruptions in the Strait of Hormuz, boosted sentiment. Higher oil prices improve realisations for upstream firms, supporting the earnings outlook and extending the stock’s rally for a second session.
Solar cells and solar modules manufacturer Websol Energy System reported a net profit of Rs 125 crore in the March-ended quarter on Tuesday versus Rs 48 crore in the year ago period, implying a 158% surge.
Maruti Suzuki announced its largest-ever dividend of Rs 140 per share for FY26, totaling Rs 4,401.6 crore. The record date for eligible shareholders is August 7, with payment scheduled for September 9, pending AGM approval. This marks a significant increase from the previous year's payout.
Maruti Suzuki India Q4 Results: The company’s revenue from operations stood at Rs 52,449 crore for the quarter, up 28% from Rs 40,910 crore in the corresponding period of the previous financial year.
Indian banks are set for a major provisioning change with Expected Credit Loss (ECL) norms arriving April 1, 2027. This global shift means banks will provision for future loan losses, not just past ones. Experts say the impact is manageable, with banks already preparing. This upgrade strengthens the banking system for future economic challenges.
The Internet couldn't stop wondering about the timing of the video, considering that Trump survived an alleged assassination attempt at the Saturday black-tie event and the ongoing US-Iran tensions.
Australian shares closed at their lowest in nearly four weeks on Tuesday as stalled U.S.-Iran peace talks and caution ahead of domestic inflation data kept investors on edge.
European shares were muted on Tuesday as investors braced for a week packed with central bank meetings and corporate earnings, while weighing a diplomatic impasse in U.S.-Iran negotiations.
Japan's Nikkei share average slipped from a record high, government bonds swung and the yen rallied on Tuesday, after the central bank struck a hawkish tone as it kept interest rates unchanged.
Aluminium prices have surged amid a sharp global supply squeeze triggered by geopolitical tensions in the Middle East. Religare’s Ajit Mishra says the trend remains bullish, supported by thin inventories and structural deficits, though volatility is high. He recommends buying on dips with key support at Rs 348–350 and stop loss at Rs 335.
Bagmane Prime Office REIT, backed by Blackstone, is launching an Initial Public Offering to raise Rs 3,405 crore. This marks India's sixth listed REIT and fourth focused on office assets. The offering includes a fresh issue and a sale by existing unitholders. The IPO opens on May 5 and closes on May 7.
India's electricity system faces a critical juncture as soaring summer demand outstrips generation flexibility. While renewables meet daytime needs, evening peaks highlight a significant storage gap. Experts warn of potential shortages if storage capacity doesn't scale rapidly to balance the grid and capture emerging profit opportunities.
HSBC says Eternal’s growth will be uneven, citing rising competition in quick commerce as a key risk for Blinkit. While maintaining a Buy rating, it flags premium pricing and market share pressure amid aggressive rivals. Despite near-term volatility, HSBC sees strong long-term value, projecting significant EBITDA growth and up to 40-50% upside over the next few years.
