Today’s business news headlines of Business Standard, Money Control, and Financial express newspapers.
•Airtel acquires a 10 percent stake in AI startup Voicezen.
•UltraTech Cement reported a 6% year-on-year increase in its consolidated net profit at Rs 1,131 crore for the quarter ended March 31.
•ICICI Bank announced a fixed deposit product with an enhanced interest rate offering of 0.80% for senior citizens. Earlier, banks used to give an additional interest of 0.50% to senior citizens.
•The media and entertainment sector will continue to face ad-spend pressures on the back of a weak economy and lower domestic consumption, according to a recent KPMG report.
•Quick Heal Technologies Q4: Profit at Rs 8 crore versus Rs 27.7 crore, revenue at Rs 64.25 crore versus Rs 86 crore YoY.
•VST Industries Q4: Profit at Rs 70.61 crore versus Rs 53.03 crore, revenue at Rs 350 crore versus Rs 294 crore YoY.
•Nahar Spinning: Company’s manufacturing facilities in Punjab and Madhya Pradesh have partially resumed operations.
•Bajaj Holdings Q4: Profit at Rs 361 crore versus Rs 791 crore, revenue at Rs 110 crore versus Rs 83 crore YoY.
•Cadila Healthcare said it has supplied the first batch of 30,000 COVID Kavach ELISA test kits gratis to the Indian Council of Medical Research (ICMR).
•MP govt sends a proposal for changes in labor law to Centre for approval.
•Bank credit and deposits grew by 6.74% and 9.82% to Rs 102.69 trillion and Rs 137.11 trillion in the fortnight ended April 24, the latest data from the RBI showed.
•Railways to operate AC, non-AC trains from June 1.
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