Today's Business Blitz- "M&M's Q4 Earnings Surge, SBI Hikes Interest Rates, RBI's Gold Loan Impact, Infosys' SAP Partnership, and World Telecommunication Day 2024"
16th May, 2024
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1. “Surging Ahead: M&M's Q4 Earnings Leap 32% as SUV Demand Soars, Revenues Climb 12%”
Mahindra & Mahindra's Q4 profit jumped 32% to Rs 2,038 crore on revenue growth of 12%.
Revenue reached Rs 25,436 crore.
Revenue and profit beat analyst estimates.
SUV sales contributed strongly, with the company leading the Indian market with a 20.4% share.
The company maintained dominance in the LCV and tractor segments.
It is the largest electric three-wheeler company in India with a 58.7% market share.
The board has recommended a dividend of Rs 21 per share.
#company #crore #Markets #Notifications #Business #bqmetered #Quarterly Earnings
2. “SBI Hikes Interest Rates: Top Fixed Deposit Gains for Short-Term Investors!”
SBI hikes fixed deposit rates up to 75 basis points for short-term maturities.
Senior citizens get an additional 50 basis points on revised rates.
Rates for deposits above Rs 2 crore also increased, with a 10-25 basis point rise for short-term and a 20-25 basis point increase for longer-term maturities.
SBI Mutual Fund explores returns through an automotive theme.
#PTI #crore #citi #State Bank Of India #bqfree #automotive #Business
3. “Fitch Ratings Alert: RBI's New Gold Loan Regulations Could Spark Short-Term Turbulence for NBFC Sector”
RBI's efforts to strengthen corporate governance in NBFCs may lead to short-term volatility.
RBI has capped cash payouts against gold-backed lending, causing NBFCs to shift to bank account disbursements.
Some borrowers may turn to informal channels, potentially slowing down fresh lending.
Muthoot Finance and Manappuram Finance are expected to remain resilient despite the RBI's advisory.
Personal vehicle and gold loans are expected to drive growth for Shriram Finance.
NBFCs are increasing risk appetites as the economic outlook improves.
RBI Deputy Governor Swaminathan J. emphasized the importance of robust governance and assurance functions.
#bank #Notifications #Business #bqmetered #RBI
4. “Infosys Teams Up with SAP Emarsys for Next-Level Personalized Omnichannel Customer Experiences”
Infosys and SAP Emarsys collaborate for personalized customer experiences.
Aim to create impactful marketing campaigns through Emarsys platform and Infosys Cobalt.
Leveraging AI capabilities and Infosys Topaz for data insights and predictive analytics.
Dinesh Rao, Infosys executive, emphasizes efficient customer engagement.
Brian Falzone, SAP Emarsys COO, highlights enhanced data utilization and innovation.
Collaboration enables 360-degree campaign visibility and integration of digital and in-store experiences.
#customer experience #customer #marketing #AI #Notifications #digital #Technology #Business #bqmetered #innovation
5. “World Telecommunication Day 2024: Unveiling the Date, Rich History, and Its Global Significance”
World Telecommunication and Information Society Day on May 17.
Celebrates the role of communication technologies in bridging the digital divide.
Marks the founding of the International Telecommunication Union in 1865.
Focuses on leveraging digital technologies to achieve UN Sustainable Development Goals.
2024 observance includes a virtual tour featuring digital experts and innovators.
#bqfree #digital #bqtrends #Trending
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