Y SECURITY
![Bajaj Auto Q1 Preview: PAT may grow 19% YoY; EBITDA margins to expand up to 100 bps](https://img.etimg.com/thumb/msid-111746768,width-100,height-75,resizemode-4/markets/stocks/earnings/bajaj-auto-q1-preview-pat-may-grow-19-yoy-ebitda-margins-to-expand-up-to-100-bps.jpg)
Bajaj Auto Q1 Preview: PAT may grow 19% YoY; EBITDA margins to expand up to 100 bps
Bajaj Auto is expected to show strong growth in Q1 with a 17% YoY increase in net profit and 14% YoY jump in net sales. Analysts predict EBITDA margins to expand by 90-100 bps due to a richer product mix.
![Jio Financial Services Q1 Results: Net profit falls 6% YoY to Rs 313 crore](https://img.etimg.com/thumb/msid-111763093,width-100,height-75,resizemode-4/markets/stocks/earnings/jio-financial-services-q1-results-net-profit-falls-6-yoy-to-rs-313-crore.jpg)
Jio Financial Services Q1 Results: Net profit falls 6% YoY to Rs 313 crore
Interest income fell 20% to Rs 162 crore in June 2024 from Rs 202 crore a year ago while expenses increased to Rs 79 crore from Rs 54 crore a year ago, mainly as staff expenses increased more than three time to Rs 39 crore in June 2024.
![BofA Securities buys 6.37 lakh shares of smallcap multibagger Kellton Tech Solutions worth Rs 11 crore](https://img.etimg.com/thumb/msid-111761632,width-100,height-75,resizemode-4/markets/stocks/news/bofa-securities-buys-6-37-lakh-shares-of-smallcap-multibagger-kellton-tech-solutions-worth-rs-11-crore.jpg)
BofA Securities buys 6.37 lakh shares of smallcap multibagger Kellton Tech Solutions worth Rs 11 crore
This stock has skyrocketed 119% in the past year, leaving the Nifty's 25% gain in the dust. Year-to-date, it's up an impressive 81%, dwarfing the Nifty's 13% return.
![DMart Q1 Results Today: Net profit may rise 19% YoY; healthy revenue growth seen on store expansion](https://img.etimg.com/thumb/msid-111687477,width-100,height-75,resizemode-4/markets/stocks/earnings/dmart-q1-results-today-net-profit-may-rise-19-yoy-healthy-revenue-growth-seen-on-store-expansion.jpg)
DMart Q1 Results Today: Net profit may rise 19% YoY; healthy revenue growth seen on store expansion
The company reported strong numbers in the preceding March quarter too with the consolidated net profit rising 22% to Rs 563 crore. Revenues, meanwhile, increased 20% to Rs 12,727 crore.
![CJI Chandrachud advises SEBI, SAT to be cautious, pitches for more tribunal benches](https://img.etimg.com/thumb/msid-111494243,width-100,height-75,resizemode-4/markets/stocks/news/cji-chandrachud-advises-sebi-sat-to-be-cautious-pitches-for-more-tribunal-benches.jpg)
CJI Chandrachud advises SEBI, SAT to be cautious, pitches for more tribunal benches
Calling the crossing of the 80,000 points milestone by the BSE as an ecstatic moment, where India is entering a "stratospheric domain", Chandrachud said such events emphasise the importance of regulatory authorities.
![Proptech startup Landeed secured funds from Paradigm Shift VC in a strategic financing round](https://img.etimg.com/thumb/msid-111078092,width-100,height-75,resizemode-4/tech/funding/proptech-startup-landeed-secured-funds-from-paradigm-shift-vc-in-a-strategic-financing-round.jpg)
Proptech startup Landeed secured funds from Paradigm Shift VC in a strategic financing round
Landeed in January 2023 raised $8.3 million in a seed round with participation from Y Combinator, Draper Associates, and Bayhouse Capital. The startup has witnessed a 22x growth in key financial metrics since its inception. Additionally it now boasts over 5 million downloads making it the largest title search engine in the country by wide margin.
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Unauthorised structures at Ex-AP CM Jagan's residence in Hyderabad demolished
According to a senior official of GHMC, the civic authorities removed the structures abutting the compound wall to carry out tiling work on the pavement in front of Jagan's residence. The structures were being used by security personnel, he said. An earthmover was used to remove the structures.
Best ‘Today's Deals’ on Mobile Phones on Amazon (2024)
Are you looking for a mobile phone at the lowest price possible today? If so, then continue reading this article where we have curated a list of the best deals available on Amazon on its Today’s Deals portal on smartphones. From excellent display features to powerful battery backup, everything you need is covered here.
The top 7 Alt Coins to buy now that can skyrocket your portfolio
Discover seven altcoins - 5thScape, DarkLume, BitBot, Algorand, Near Protocol, yPredict, and Nervos Network - with potential to boost your crypto portfolio through innovative technologies and growth prospects.
Ashok Leyland shares surge 6% after posting 20% YoY increase in Q4 profit. Should you invest?
Ashok Leyland shares surged nearly 6% on BSE to a record high after reporting a 20% YoY increase in its Q4 net profit.
Homebound startups restructure; offline push by D2C brands
Happy Wednesday! Homegrown startups are stepping on the pedal for their move back home. This and more in today's ETtech Morning Dispatch.
M&M Q4 Preview: Volume to drive 7% YoY revenue growth but tractor sales may disappoint
Three brokerage firms anticipate the auto giant's net profit to fall within the range of Rs 1,777 crore to Rs 2,079 crore. Revenue from operations is projected to reach Rs 24,051 crore. In the corresponding period last year, M&M disclosed a standalone PAT of Rs 1,549 crore and revenue of Rs 22,571 crore.
Xiaomi moves ahead with Tesla-like SUV as first EV hits goals
Xiaomi plans to enter the EV market with SUVs by 2025, starting with the SU7 model. The company aims to reduce reliance on smartphones, taking on competitors like Tesla and BYD, with positive market reception and potential break-even in 2026.
Bharti Airtel Q4 Preview: Revenue likely to jump 8% YoY on higher ARPU, subscriber base
In the fourth quarter of the fiscal year 2023, Bharti Airtel recorded a consolidated profit after tax (PAT) of Rs 3,005 crore, which pertains to the company's owners. When factoring in the non-controlling interest, the PAT for the period increases to Rs 4,226 crore. Additionally, the revenue from operations for the quarter amounted to Rs 36,009 crore.
Tata Motors Q4 Results Preview: PAT likely to jump 33% YoY to Rs 7,640 crore on higher volume
Tata Motors Q4 Results Preview: The projected profit after tax (PAT) falls within the bracket of Rs 7,438 crore to Rs 8,350 crore, while the anticipated revenue is forecasted to range from Rs 1,05,932.40 crore to Rs 1,21,606.80 crore, as indicated by the estimates.
Asian Paints Q4 Preview: PAT may jump 5.5% YoY to Rs 1,317 crore, revenue may see 4.3% uptick
Profit after tax (PAT) is forecasted to fall within the range of Rs 1,287 crore to Rs 1,900 crore. Axis Securities projects the lower end of this range, while Anand Rathi predicts the higher end. Regarding revenue, the estimate spans from Rs 8,921 crore as anticipated by Axis to Rs 9,402.5 crore as outlined by Anand Rathi.
Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore
Hero MotoCorp declared a final dividend of Rs. 40 per share. This dividend together with interim and special dividend, marking the centennial year of Chairman Emeritus Dr Brijmohan Lall Munjal, of Rs.100 per equity share, takes the aggregate total dividend for the year 2023- 24 to Rs. 140 per equity share.
Lok Sabha Polls: Rebel Samajwadi Party MLAs strengthen BJP in opposition bastions
At least 7 MLAs had cross-voted for the BJP's eighth RS candidate in February, when 10 seats had become vacant in the state. Over the last one month, the immediate family members of some of these MLAs have formally joined the BJP.
Q4 earnings review: BFSI, auto lead YoY PAT beat for Nifty companies; IT, consumption top drags
Dalal Street's Q1 earnings season sees Nifty constituents with 24% YoY profit growth, varying estimates from brokerages: ICICI Securities reports 44%, Kotak Institutional Equities 14%, and Motilal Oswal 13%.
Two-wheelers likely to report double-digit YoY growth in April sales. Which stocks to buy
PV volumes are likely to have grown at a healthy pace led by robust retail volumes (up over 10%). Meanwhile, CVs and tractors are expected to be broadly flattish, but better than the previous month, owing to the fading of the high base.
ICICI Securities Q4 Results: Cons PAT soars 104% YoY to Rs 536.53 crore; co declares Rs 17/share dividend
ICICI Securities reported a significant increase in net profit to Rs 536.53 crore for Q4FY24, with a rise in revenue and approval of a second interim dividend. Bajaj Auto also showed a 35% YoY increase in PAT.
Former envoy-turned BJP leader Taranjeet Singh Sandhu granted CRPF's 'Y+ escort' security cover across India
The Central government has granted Y+ security cover to former Indian Ambassador to the US and BJP leader Taranjeet Singh Sandhu across India. The Ministry of Home Affairs extended the security based on a threat analysis report. Sandhu, a retired IFS officer, recently joined the BJP, following in the footsteps of other former diplomats turned politicians under the Modi government.
Centre grants 'Y+' category security of CRPF to BJP's Hyderabad candidate Madhavi Lath
BJP's Madhavi Latha, under Y+ security, challenges AIMIM's Owaisi for Hyderabad Lok Sabha seat in Telangana. A philanthropist and classical dancer, Latha aims to make inroads in the AIMIM bastion on May 13.
Centre provides 'Y' category CRPF security to BJP leaders, Sushik Kumar, Sheetal Angural
Punjab BJP leaders Rinku and Angural receive 'Y' category CRPF cover. They meet JP Nadda and Sunil Jakhar. Rinku contests from Jalandhar for development, highlighting the lack of progress under AAP government.
Four SP MLAs who cross-voted for BJP in Rajya Sabha polls get Y-category security
These four MLAs, alongside three other party legislators -- Pooja Pal, Rakesh Pandey and Ashutosh Maurya -- had cross-voted for the BJP in the Rajya Sabha elections, leading to saffron party candidate Sanjay Seth defeating Samajwadi Party nominee Alok Ranjan.
Fintech startup Yenmo secures $500,000 in funding round led by Y Combinator
Founded by Aryan Agarwal and Ashutosh Purohit, Yenmo enables its users to borrow against their investments at a flat 10.5% interest rate. Investors can view all their investments in real time, select the assets they wish to borrow against, and receive funds directly into their bank accounts.
MeitY cybersecurity group seeks ideas in thrust areas
Researchers, scientists, engineers, technologists and faculty members working in universities, academic institutions, and registered scientific societies, among others can submit R&D project proposals for grants-in-aid support.
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