Japanese car maker Suzuki Motor Corporation announced plans to expand its SUV portfolio in India in order to regain its market share in the passenger vehicle segment. The company reported a 15.8 percent increase in net sales for the last financial year.
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TMC national general secretary Abhishek Banerjee declared a total income of a little over Rs 82 lakh in the 2022-23 financial year in his nomination for re-election from the Diamond Harbour Lok Sabha seat. Banerjee’s income has shown an increase from Rs 71,52,200 in 2018-19 to over Rs 1.51 crore in 2020-21. He also mentioned movable assets worth over Rs 1.26 crore and two pending cases against him.
RailTel Corporation of India reported a 3% rise in profit after tax to Rs 77.53 crore for the January-March quarter of 2023-24. The company achieved a total income of Rs 2,622 crore and a total PAT of Rs 246 crore for the year ended on March 31, 2024, recording a growth of 31% in turnover and profits compared to the previous year.
Mumbai-based real estate developer, Oberoi Realty, has reported a 53% decline in sales bookings to Rs 4,007 crore in the last financial year, compared to Rs 8,572 crore in the previous year. The company sold 705 units for a total carpet area of 10.76 lakh square feet. Oberoi Realty focuses on luxury and ultra-luxury residential projects.
Digital engineering company Nagarro achieved revenue of over $1 billion in the 2023 financial year, representing a growth of 9.4% in constant currency. The company recorded strong growth in industries such as automotive, manufacturing, healthcare, energy, financial services, and retail. The number of clients with annual revenues of more than ₹1 million also increased significantly in 2023. Nagarro’s annual report highlighted reduced wage inflation and moderate attrition levels in India’s IT services sector. The company introduced an employee share program called MyN, with participation from around 10% of its employees.
Sales of passenger vehicles in the local market increased by 8.4% to its highest-ever mark at 4.22 million units in the financial year concluded March 31, 2024 powered by better supplies and sustained consumer demand. Two-wheeler sales too recovered, growing by over 13% to 17.9 million units in the year under review.
Telangana has achieved a record-high tax revenue collection of ₹13,703.92 crore in the month of February. The state’s overall revenue receipts, however, have not seen significant growth. With one month left in the financial year, the state has recovered from a revenue deficit to become revenue surplus.
Waltair Division of the Indian Railways surpasses Rs. 10,000 crore in revenue, exceeding expectations and achieving a growth rate of over 10% compared to the previous year, due to customer-focused strategies and operational efficiency improvements.
Waltair Division, a railway division in India, has achieved an all-time high iron ore loading in the current financial year. The division registered an average of 14 rakes per day in April 2023-January 2024, compared to 11 rakes per day in the same period last year. This has resulted in a total of 18.34 million tons loaded during this financial year, a significant increase of 25.36% from the previous year. The division also achieved the best loading rate of 63.6 rakes per day in January 2024.
India’s No.1 software-services exporter Tata Consultancy Services plans to diversify its focus to markets such as Japan, Latin America, and Southern Europe due to weakness in North America. The move comes after the company reported its slowest quarterly profit growth since 2020 and consistent decline in revenue from North America.
