Ola has reported its first operating profit of Rs 89.82 crore for 2020-21, even as the ride-hailing company's revenue declined 65 per cent to Rs 689.61 crore amid COVID-19 induced lockdowns. As per regulatory documents filed by ANI Technologies - the parent company of Ola - it had logged standalone operating profit (profit before finance cost, depreciation, amortisation and tax (EBITDA)) of Rs 89.82 crore in FY21 on a standalone basis, while it had registered a loss of Rs 610.18 crore in the preceding fiscal year.
Retail inflation during the first month of the current fiscal stood at 2.9 per cent, down from 4.6 per cent a year ago. Food inflation based on Consumer Food Price Index declined to a low of 0.1 per cent during the financial year 2018-19, the survey said.
In the review meeting, Singh told the top military brass to continue to deal with the situation in eastern Ladakh and other areas with "firmness".
Company is among the few companies in the sector getting pulled up by FDA for violations at its factories in India.
Falling for the second day, the rupee on Friday weakened by 12 paise against dollar to end at 62.68 weighed down by demand for the American currency from importers and data showing fiscal deficit crossed 95 per cent of the annual target during April-December.
The deficit for the first five months of the year stood at 96 per cent of the full-year target of Rs 5.46 lakh crore despite cut in capital expenditure in August.
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Nirmala Sitharaman has designed the revenue mix in such a way that while Centre's share in taxes would grow a massive 25 per cent, states' share would grow a dismal 6 per cent.
Do not trust any incoming phone calls or mails that ask you to install any file or programme, warns Niranjan Upadhye, general manager-fraud risk management, Worldline India.
The former CJI said the statements made by the individual do not mean that entire institution has crumbled.
The API of Paracetamol, a fever and pain medication, has grown 25 per cent from Rs 450-480 per kg in December 2020 to Rs 580-600 per kg in April. When compared to the pre-Covid prices of December 2019, the surge is much steeper -- around 140 per cent, reports Sohini Das.
Modi had clearly not come to terms with the limits to a prime minister's powers, any prime minister's powers however strong numbers he may have in Parliament, observes Virendra Kapoor.
'I realised what a great leader he was by the way he took decisions to undertake the most-risky of missions.'
Net tax receipts in the first half of the fiscal stood at Rs 3.23 lakh crore (Rs 3.23 trillion), or 33.1 per cent of BE, the data released by the Controller General of Accounts today showed.
Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask probing and searching questions.
They said various sections of the Narcotic Drugs and Psychotropic Substances Act (NDPS) have been pressed in the complaint filed by the federal anti-drugs agency on an official reference received from the Enforcement Directorate (ED).
The country's largest lender SBI on Thursday reported a 4.20 per cent decline in consolidated December quarter net at Rs 6,257.55 crore, largely because of a higher base in the year-ago period where it had benefitted from a Rs 4,500 crore one-off income. On a standalone basis, the city-headquartered lender's net profit came in at Rs 5,196.22 crore as against Rs 5,583.36 crore in the year-ago period and Rs 4,574.16 crore in the preceding September quarter. SBI chairman Dinesh Kumar Khara told reporters that the year-ago period had seen the resolution of the Essar Steel loans, resulting in an over Rs 4,000 crore interest income and Rs 500 crore other income benefit.
Alibaba's pervasive economic and social influence in China is seen as a threat to the authority of the Chinese Communist party, notes Shyam Saran.
Rather than worry about what picture of India is being painted in the foreign media, the focus must be on marshalling all our energies to provide relief and solace to our deeply wounded and dispirited citizens, says former foreign secretary Shyam Saran.
The CBSE had postponed the exams scheduled on April 2 after a bandh was called by several Dalit organisations against the SC order.
Indian cos or academic institutions accounted for only 1,394 patent cooperation treaty applications
'Given that the RGF is a family-controlled trust, why would the Congress defend it every time someone accuses it of wrong-doing?' asks Virendra Kapoor.
There is no conceivable reason for any big power to put road blocks on the path of an India-Pakistan normalisation process, asserts Ambassador M K Bhadrakumar.
The US has all along interfered in India-China issues. The objective is clear: Bring the Sino-Indian standoff to a flashpoint that would compel Modi government to take shelter under an American umbrella, argues Ambassador M K Bhadrakumar.
Putin is looking beyond the current regime in Kyiv. Of course, if the Western military assistance to Kyiv continues in any form, Washington knows that Russia will regard it as a hostile act and there will be severe consequences, predicts Ambassador M K Bhadrakumar.
'I think there must be some sort of a nexus between the rioters and a section of police officials which resulted in gruesome killings and arson'
'It was only after he passed away that the family realised he was crying for help.'
The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago
'Earlier the planning process was services specific, with others coordinating. 'Now we shall have an apex leader backed by a structure, who is accountable to provide single-point advice, based on best of all options dependent on geographical and situational intrigue, and that too, after validation,' says General Anil Chait (retd), the former central army commander.
The United States has said it supports a direct dialogue between India and Pakistan as outlined in the Shimla Agreement
Justice Bharati Dangre granted them bail as the Enforcement Directorate failed to file its charge sheet in the case within the stipulated 60-day period.
Terming the incident as 'horrific', the Aam Aadmi Party hit out at the Centre by drawing a comparison with the Jallianwallah Bagh massacre, whose centenary is being observed on Saturday.
'Your faith in the system, and in the fact that you are a citizen of this country and have rights, starts eroding.'
Priyanka Gandhi covered the distance from Varanasi to Umbha village in Sonbhadra district, about 100 kilometres apart, by road, prompting Uttar Pradesh Deputy Chief Minister Dinesh Sharma to say she was pulling off a "political stunt".
A Capitol Police officer was killed and another injured after a man rammed his car into a security barrier outside the United States Capitol and then got out of the vehicle and lunged towards the officers with a knife, setting off a major security scare.
'India is not going to accept whatever the Chinese say. That is not going to happen.'
The Reserve Bank of India, which mainly factors in retail inflation to decide its monetary policy, has been tasked by the government to ensure the rate of price rise remains around 4 per cent.
"Also, 35 per cent deaths were recorded in the age group of 45-60 years, 10 per cent in the age group of 26-44 years and one per cent each in the age group of 18-25 years and below 17 years," the health secy said.
The intention of the government is to cap prices of drugs that are essential and which the public widely uses.
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