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Eternal, formerly Zomato, Q4 profit falls whopping 78% to Rs 39 crore despite 64% revenue surge
Eternal Ltd, formerly Zomato, reported a consolidated net profit of Rs 39 crore for the quarter ending March 31, 2025, a decrease from the previous year's Rs 175 crore. Revenue increased to Rs 5,833 crore, driven by its various segments, including Zomato and Blinkit. Eternal Ltd was known as Zomato Ltd till March this year.
US 'proactively' reaching out to China for talks: state media
Amidst escalating trade tensions, a Chinese state media account suggests the U.S. has initiated contact, seeking tariff discussions. While China publicly condemns the duties as economic bullying, it has quietly exempted certain U.S. goods from retaliatory tariffs. Despite denials of formal negotiations, China remains open to dialogue based on equality and mutual respect, hinting at a potentially cautious approach.
UPI transactions to get faster from June 16 as NPCI cuts response time for banks, apps
Starting June 16, 2025, UPI transactions are poised to become faster as NPCI mandates reduced response times for key APIs. The response time for commonly used UPI APIs, such as Request Pay and Check Transaction Status, will be reduced to 15 and 10 seconds, respectively.
ATM withdrawals to cost more from today: Here’s all you need to know
Starting May 1, 2025, ATM users in India will face revised transaction charges as per the RBI's updated fee framework. Customers in metro cities get three free transactions, while non-metro areas get five. Beyond these limits, banks can charge up to Rs 23 per transaction, excluding taxes, impacting both financial and non-financial transactions at ATMs and CRMs.
Adani Enterprises Q4 results: Profit jumps 752% to Rs 3,845 crore boosted by exceptional gain
Adani Enterprises reported a significant surge in net profit for Q4 FY25, driven by an exceptional gain, despite a slight dip in operational revenue due to lower integrated resources management volumes. Strong performances in Adani New Industries and airport operations, alongside growth in road development and mining services, contributed to the company's overall positive financial results.
GST collections in April hit record high of Rs 2.37 lakh crore - details here
India's Goods and Services Tax (GST) revenue soared to a record Rs 2.37 lakh crore in April, marking a 12.6% year-on-year increase. This figure surpasses the previous high of Rs 2.10 lakh crore from April 2024.
‘That’s Biden’: Donald Trump deflects blame as US economy contracts
US President Trump downplayed the US economic contraction, blaming his predecessor and citing import surges before his tariffs. Aides offered conflicting explanations, while Democrats criticized Trump's economic policies. Markets reacted negatively amid tariff concerns, with economists warning of a policy-induced downturn unless tariffs are reversed.
Asian shares climb despite US economic woes as markets weigh Trump tariffs
Asian stock markets experienced gains following Wall Street's rebound, despite ongoing concerns about the economic impact of US tariffs. Japan's Nikkei 225 rose after the Bank of Japan held interest rates steady, while investors await the US jobs report for further economic insights.
Bank Holidays in May 2025: On what days are banks closed? Check state-wise full list
Bank Holidays May 2025: In May 2025, bank holidays will vary across Indian states, impacting banking services. Closures are scheduled for Labour Day/Maharashtra Day, Rabindranath Tagore Jayanti, Buddha Purnima, State Day, Kazi Nazrul Islam's Birthday, and Maharana Pratap Jayanti.
Adani Ports Q4 earnings: Net profit grows 50% in fourth quarter to Rs 3,023 crore
Adani Ports reported a robust 50% surge in net profit, reaching Rs 3,023 crore for Q4 FY24, driven by strong cargo growth and operational efficiency. Revenue climbed 23% to Rs 8,488 crore, with EBITDA up 24%. Mundra Port became India's first to exceed 200 MMT in a year.
ITR filing FY 2024-25: New ITR-1 form notified with major changes - here’s what taxpayers should know
The Income Tax Department has introduced new ITR-1 and ITR-4 forms for FY 2024-25, simplifying tax filing for individuals with long-term capital gains up to Rs 1.25 lakh from listed equities. These forms feature modifications for deductions and require detailed TDS information. This change aims to enhance taxpayer services and encourage voluntary compliance by reducing the complexity for small taxpayers.
IndusInd Bank and Kotak Mahindra Banks revise FD rates: One hikes, the other trims
IndusInd Bank has increased its fixed deposit interest rates for various tenures, especially short-term ones, while Kotak Mahindra Bank has marginally reduced rates on specific tenures and introduced a new short-term FD. IndusInd Bank's rates now range from 3.50% to 7.75% for the general public and 4% to 8.25% for senior citizens, whereas Kotak Mahindra Bank offers 2.75% to 7.
Is Tesla looking for a new CEO? As Elon Musk focused on White House, board looked for his successor, says report
Tesla's board has reportedly explored potential successors for Elon Musk, prompted by his involvement with the Trump administration. Shareholders are concerned about declining sales and Musk's political affiliations, which have led to protests and damage to Tesla facilities.
Dealing with Trump’s tariffs: Apple exports 97.6% of iPhones to US from India to preempt higher tariffs on imports from China
Apple dramatically increased iPhone exports from India to the US in March 2025, reaching 97.6% of total exports, driven by concerns over potential tariffs on Chinese goods. This shift involves expanding Indian production with manufacturers like Tata Electronics and Foxconn, aiming for a complete transition of US-bound iPhone production from China to India by 2026.
Coldplay’s Ahmedabad concerts generated Rs 641 cr economic impact: Report
Coldplay's Ahmedabad concerts generated a Rs 641 crore economic impact, boosting the city's economy by Rs 392 crore. Attracting over 2.5 lakh visitors, primarily from outside the city, the event spurred spending on hospitality and transport.
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