The share price of LIC has increased significantly in the last few months.
Jio Financial Services' quarterly revenue fell 32% from Rs 608.04 crore in September 2023 to Rs 413.61 crore in Q3FY24.
In the same quarter last year, the Pune-based institution reported a net profit of Rs 775 crore.
The company achieved an impressive margin of 23.8%, indicating a notable improvement of 440 basis points from 19.4% in Q2FY24.
The positive sentiment spread across other sectors as well.
Although L&T did not reveal the precise amount of the contract, an order is considered "mega" if its worth is Rs 10,000–15,000 crore.
Siva Ganesan, told PTI that as a business prospect, Gen AI is still in its "early days" and that the use cases are still tiny.
Coalesce the TCS rate on outbound tours into a single 5% slab to reduce the significant advantage enjoyed by international competitors (exempt from this levy).
MP Madhya Kshetra Vidyut Vitran Co.'s order covers the delivery, installation, testing, etc.
The company estimates that the change will result in a weighted average increase across models of about 0.45%.

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