Reliance Retail’s business growth focus with digital commerce
Reliance Industries Ltd (RIL) has shown a strong business growth due to its focus on digital commerce. RIL, last week, posted a consolidated net profit fall of 15 per cent to Rs 15,792 crore for the quarter ended 31 December, 2022 (Q3FY23) compared to Rs 18,549 crore reported in the year-ago period. The conglomerate, while showing ‘strong balance sheet and robust cash flows’ has recently shown great inclination towards digital commerce. A number of businesses have shown growth numbers through adoption of digital commerce and omnichannel retail. “Our strong balance sheet and robust cash flows remains the cornerstone of our commitment in growing existing businesses as well as investing in new opportunities,” said Mukesh Ambani.
800 job openings at Zomato. Deepinder Goyal’s breather amid mass tech layoffs; opportunities in these roles
At a time when a number of IT companies and startups are?laying off ?employees, a LinkedIn post by Zomato Founder & CEO Deepinder Goyal has come as a breather for job seekers and the onlookers. In the post, Goyal said that Zomato has about 800 positions open across roles such as growth managers, software development engineers and even chiefs of staff to the CEOs of Zomato, Hyperpure and Blinkit.?
“…we have about 800 positions open across these 5 roles at Zomato. If you happen to know someone really good for any of these roles, please tag them on this thread,” the post read.?
Axis Bank shares fall over 2% on profit booking after strong Q3 performance; Should you buy, hold or sell?
Axis Bank share price fell 2.60% to Rs 909.10 on Tuesday on profit booking after the lender posted strong Q3 results for the quarter ended December 2022. The bank reported a net profit of Rs 5,853 crore for the third quarter of the fiscal year 2023, higher by 62% on-year. Net interest income (NII) grew 32% to Rs 11,459 crore while the net interest margin (NIM) stood at 4.26% as of December 31, up 73 bps on year. Gross non-performing asset ratio (NPA) stood at 2.38% as of December 31, lower by 79 bps on-year. The net NPA ratio was at 0.47%, down 44 bps on-year.
President Droupadi Murmu gives PM Rashtriya Bal Puraskar to 11 children
The President of India, Droupadi Murmu, has given out the Pradhan Mantri Rashtriya Bal Puraskar (PMRBP) to 11 selected children in an award ceremony on Monday.??
The award ceremony was held at Vigyan Bhawan.
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Earthquake in Delhi-NCR: Magnitude 5.8 quake hits Nepal, strong tremors felt in Delhi, adjoining areas
An earthquake measuring 5.8 on the Richter Scale hit Nepal at around 2.28 PM on Tuesday, the National Centre for Seismology said. Strong earthquake tremors were also felt in the national capital Delhi and the adjoining cities of Noida and Ghaziabad.
“Earthquake of Magnitude:5.8, Occurred on 24-01-2023, 14:28:31 IST, Lat: 29.41 & Long: 81.68, Depth: 10 Km, Location: Nepal,” the NCS tweeted.
Sagar Greenfield Link Road: Govt’s bid to boost connectivity, logistic operations between Madhya Pradesh & UP
Union Minister for Road Transport and Infrastructure, Nitin Gadkari on Monday inaugurated Sagar Greenfield Link Road among other highway projects in a major infra boost to Madhya Pradesh, especially the backward area of Bundelkhand. The road corridor will cost around Rs. 11,300 crores.
The?link road ?will connect Bhopal to Kanpur and it will reduce the distance between the two cities by about 21 kilometres and improve connectivity from Bhopal to Lucknow, Varanasi and Prayagraj. It will also help improve the logistics operations of the cement and mineral transportation between Uttar Pradesh and Madhya Pradesh.
TDS rate cut, new NRE Fixed Deposit account and more in Budget 2023 wishlist of NRIs
Budget 2023 expectations: Instead of an Income Tax rate cut, Non-Resident Indians (NRIs) would prefer a reduction or removal of excessive TDS across asset classes through Budget 2023. In a survey conducted by Mudra Portfolio, over 92% of the 430 NRI respondents said that the reduction or removal of excessive TDS across asset classes is their key expectation from the Union Budget 2023-24.
TDS reduction is important for NRIs as mostly their tax liability is less than the tax deducted at source and they have to wait till Income Tax Return (ITR) filing to claim the same.
2023 Honda Activa with H-Smart key launched: Priced at Rs 80,537
Honda Motorcycle & Scooter India (HMSI) has today announced the launch of the updated Activa 6G. It now gets a range-topping H-Smart variant with a segment-first smart key with car-like features. The new 2023 Honda Activa H-Smart has been priced at Rs 80,537, ex-showroom. Its variant-wise prices are mentioned below.?