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Sandip Sabharwal expresses concerns about the IT sector due to unclear growth trends and excessively bullish management on margins. In auto stocks, Maruti's resurgence cycle looks promising, while ICICI Bank stands out among private banking majors. Skipping the IT sector is advised, with cautious optimism towards Apollo Hospitals and turnaround banks.
Meta's median employee earned a staggering $379,000 in 2023, with CEO Mark Zuckerberg noting a total compensation of $24.4 million. Despite receiving a nominal salary of $1 since 2013, Zuckerberg's wealth has soared by over $47 billion this year alone. The tech giant's net profit rose to $12.4 billion in the first quarter of 2024, with total revenue up by 27 percent at $36.5 billion.
Satin CreditCare Network's net profit rose 33% to Rs 125 crore in March quarter, driven by robust growth. Assets under management increased by 34% in FY24. The company achieved its highest-ever net profit for the year.
Retail chain Shoppers Stop Ltd on Monday reported a 62.55 per cent rise in consolidated net profit at Rs 23.18 crore in the fourth quarter ended March 31, 2024. The company had posted a consolidated net profit of Rs 14.26 crore in the same period a year-ago, Shoppers Stop said in a regulatory filing.
CARSON CITY – Gov. Jim Gibbons said his administration is reviewing requests for information from a legislative panel performing a review of base budgets but said the constant calls for more data and staff responses are burdensome and time consuming. “We’re struggling to meet the needs of the public with a vastly decreased budget,” he said.
Auto industry-focused KPIT Technologies on Monday reported a 49 pc jump in March quarter net profit to Rs 165.9 crore, helped by a strong revenue growth and widening of profit margins.
A new “upcycle” corner has made its debut in Carson City’s FISH thrift store at the corner of Carson and Long streets. And FISH is asking the community to help name this corner of the store for a chance at a prize.
Engineering solutions provider Diffusion Engineers has re-filed its preliminary IPO papers with markets regulator Sebi by incorporating a new financial statement.