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- Business news update; Air India Express Case, India accepts remittances| SBI Q4 Result Air India Express Cabin Crew
New Delhi6 hours ago
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Yesterday’s big news was related to Air India Express. Air India Express workers called off the strike on Thursday at 8 pm. The Chief Labor Commissioner said the airline would take back the 25 laid-off workers. More than 200 Air India Express crew members suddenly went on leave on the night of May 7.
At the same time, State Bank of India’s (SBI) profit in the fourth quarter (January-March) of the financial year 2023-24 increased by 23.98% y-o-y to Rs 20,698 crore. Apart from that, the second big drop of the month of May was seen in the stock market on Thursday. Sensex fell by 1062 points and closed at 72,404.
Before tomorrow’s big news, today’s key events to keep an eye on…
- Today, Thursday (May 9), a drop in the stock market may be seen.
- This will be the last day for the issue of TBO Tech Limited and Aadhaar Housing Finance.
- Tata Motors quarterly and annual results to come.
- There was no change in the prices of gasoline and diesel.
Now read tomorrow’s big news…
1. Air India Express cabin crew call off strike: 25 sacked workers to be reinstated; On May 7, 200 staff members went on vacation.
Air India Express workers called off the strike on Thursday at 8 pm. The Chief Labor Commissioner said the airline would take back the 25 laid-off workers. More than 200 Air India Express crew members suddenly went on leave on the night of May 7. He hasn’t come to work since Wednesday. All these employees applied for sick leave together and turned off their mobile phones. Because of this, more than 170 flights were canceled from Tuesday night.
Click here to read the full news…
2. SBI’s Q4 profit up 24% to Rs 20,698 crore: Bank to pay dividend of NIS 13.70 per share, shares hit lifetime high after results.
State Bank of India’s (SBI) profit in the fourth quarter (January-March) of the financial year 2023-24 increased by 23.98% year-on-year to $20,698 million. The public sector bank reported a net profit of ₹16,695 crore in the corresponding quarter a year ago.
The SBI board has recommended a dividend of Rs 13.70 per share. Shareholders entitled to the dividend will be determined based on their ownership on May 22, 2024. The dividend will be paid on June 5, 2024.
Click here to read the full news…
3. Second major fall in Sensex in 7 days, down 1062: Market closes at 72,404 points, investors lose Rs 7.6 lakh crore.
The second big drop of the month of May was seen in the stock market on Thursday. Sensex fell by 1062 points and closed at 72,404. Earlier on May 3, it fell by 1139 points. At the same time, Nifty also fell by 345 points. Nifty closed at 21,957. Out of 30 Sensex stocks, 25 saw decline and 5 saw rise.
Investors lost Rs 7.6 lakh crore in this market decline. The market capitalization of BSE-listed companies fell below Rs 400 crore to Rs 393.34 crore. The market capitalization of these companies on Wednesday was Rs 400.97 lakh crore.
Click here to read the full news…
4. TCS CEO Kritivasan earned ₹ 25 crore in a year: This amount is lower than the company’s COO, NG Subramaniam earned ₹ 26.18 crore.
Tata Group’s Tata Consultancy Services (TCS) has appointed Chief Executive Officer (CEO) and Managing Director (MD) K Krittivasan to earn over 25 crore in 2023-2024. The company informed about this today i.e. May 9.
Kritivasan took over as head of the country’s largest IT company in June 2023 after Rajesh Gopinathan was suddenly ousted from TCS. His appointment is for a period of five years.Click here to read the full news…
5. Maruti Swift 4th Gen Launch: Priced at Rs 6.49 Lakh, India’s Highest Speed Car at 25.7 kmph, Rivals Hyundai Grand i10 News
Maruti Suzuki launched the fourth generation model of its most popular car Swift in India today (May 9). The company claims that the new Swift will get a mileage of 24.8 kmpl with MT transmission and 25.7 kmpl with automatic transmission (AMT). It is the highest mileage hatchback in India.
The company has kept its starting price at Rs 6.49 lakh (ex-showroom), which goes up to Rs 9.64 lakh. The booking of this car from the premium hatchback segment has recently started at a nominal amount of Rs 11,000. The New Gen Swift will have features like wireless charging, multi-information screen and for safety, 6 airbags, ESP, hill hold control and three-point seat belts in all variants.
Click here to read the full news…
Now read the news you need
Don’t worry about market decline: Investing through SIP can yield good returns, remember these 7 things
On May 9, a drop of 1062 points (1.45%) was recorded in the stock market. The stock market fell by about 3.5% in the last 5 trading days. This decline created an atmosphere of fear among investors. However, the right strategy can help you make good money this fall.
Click here to read the full news…
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