Achi news desk-
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Yesterday’s big news had to do with Davor India. Dabur India does not add ethylene oxide (a pesticide) to the spices sold in the Indian market. The company said so in its exchange case. At the same time, on the last trading day of the week today, i.e. May 3, tremendous fluctuations were seen in the stock market. During the trade, Nifty hit an all-time high of 22,794.
Apart from this, the market regulator SEBI has issued a show cause notice to 6 group companies including Adani Group’s flagship company Adani Enterprises.
Before tomorrow’s big news, today’s key events to keep an eye on…
- The stock market will remain closed today, Saturday (May 3).
- Kotak Mahindra Bank Result will come.
- There was no change in the prices of gasoline and diesel.
Now read tomorrow’s big news…
1. Dabur said – no pesticides are added to spices sold in India: FSSAI conducts inspection, sampling and inspection of the production units of the spice companies.
Dabur India does not add ethylene oxide (a pesticide) to the spices sold in the Indian market. The company said so in its exchange case. Dabur said it is involved in the spices being exported as per the prescribed standards.
The company’s statement came as the country’s two largest spice companies Everest and MDH were banned from selling their products by the governments of Singapore, Hong Kong and the Maldives. American and Indian food safety authorities are investigating.
Click here to read the full news
2. Sensex down 1,217 points from top: It closed at 73,878, Nifty also down 172 points.
Today, on the last trading day of the week, i.e. May 3, huge fluctuations were seen in the stock market. During the trade, Nifty hit an all-time high of 22,794. However, it then declined and closed at 22,475 with a fall of 172 points.
At the same time, the Sensex fell by 1,217 points from today’s high of 75,095. It closed at 73,878 with a fall of 732 points. Of its 30 shares, 24 saw a decrease and 6 saw an increase.
Click here to read the full news
3. SEBI’s notice to 6 companies from the Adani group: an answer is requested for allegations of violation of the rules of the transaction and registration regulations.
Market regulator SEBI has issued a notice to 6 group companies including Adani Group’s flagship company Adani Enterprises. These companies are accused of alleged violations of transaction and registration regulations.
Adani Ports and Special Economic Zone (SEZ), Adani Energy, Adani Power, Adani Wilmar and Adani Total Gas gave this information in their exchange filings.
Click here to read the full news
4. Apple to buy back shares worth 9.18 lakh crore: This is the largest buyback in the company’s history, Apple posted a profit of 1.97 lakh crore in the January-March quarter.
The technology company Apple announced the largest share purchase in history. Through this, the company will buy back shares worth $110 billion (about $9.18 million). Today, that is, on Friday (May 3), the company published this announcement together with the announcement of the results of the second quarter (January-March) of the fiscal year 2024-25.
On the buyback decision, the company’s Chief Financial Officer (CFO), Luca Maestri, said that the record increase in product sales increased the company’s confidence in Apple’s future and the value of its shares hit an all-time high.
Click here to read the full news
5. Gautam Singhania became the CEO of Raymond again: in the fourth quarter the company’s profit increased by 18% to 229 million dollars, the income increased by 21%.
Clothing and apparel company Raymond today released its results for Q4FY24 i.e. the fourth quarter of the financial year 2024, i.e. on Friday (May 3). In the January-March quarter, the company’s consolidated net profit grew 18% year-on-year (YoY) to Rs 229.2 crore.
Last year, in the corresponding quarter (Q4FY23), the company’s profit was ₹194 crore. At the same time, the company’s revenues increased by 21% to $2,609 million in the March quarter, while they stood at $2,150 million in the corresponding period a year ago.
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6. The profit of Edani Green-Energy in the fourth quarter decreased by 39% to 310 million dollars: the revenues also decreased by 5.74% to 2,806 million dollars, the company’s profit increased by 29% in the entire financial year.
Adani Green Energy Limited, an Adani Group company, on Friday (May 3) released its results for Q4FY24, i.e. the fourth quarter of the financial year 2024. In the January-March quarter, the company’s consolidated net profit fell by 39% year-on-year (YoY) to – 310 crore.
The company’s consolidated net profit in the corresponding quarter last year was ₹507 crore. While in the last quarter (Q3FY24) it was ₹256 crore. This means that the company’s consolidated net profit increased by 21.09% on a quarterly (QoQ) basis.
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7. Bajaj Pulsar NS400Z Launched in India for 1.85 Lakh: The bike has features like ABS and a switchable traction control system, rivaling the Triumph Speed
Bajaj Auto India today (May 3) launched its most powerful bike Bajaj Pulsar NS400Z in India. The bike is equipped with features like Bluetooth connectivity, navigation, dual-channel ABS and a switchable traction control system.
The company has kept its ex-showroom price at Rs 1.85 lakh. That price is Rs 45,815 less than the Bajaj Dominar 400 and only Rs 34,171 more than the Pulsar N250, making it the cheapest street naked motorcycle in the 400cc segment.
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8. The world’s first CNG bike will be launched on June 18: It will be called Bajaj Bruiser 125 CNG, it will run at half the price compared to petrol bikes.
Bajaj Auto is going to launch the world’s first bike that will run on CNG fuel on June 18, 2024. The company’s CEO, Rajeev Bajaj, gave this information in an interview given to a media outlet. He participated in the launch event of the company’s most powerful bike Pulsar 400.
Bajaj said, “The world’s first CNG-powered motorcycle is coming next month. Compared to petrol-powered bikes, their running cost will be half. This is a wonderful innovation.
Click here to read the full news
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