Business News Highlights: Stock Market Closes In Red; Sensex Plunges 609 points, Nifty Below 22,450

Business News Highlights: Please follow this space for all the breaking news and latest updates from the stock market, economy, and corporate world

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Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. Please follow this space for all the breaking news and latest updates from the stock market, economy, and the corporate world.In th...

16:50 PM (IST)  •  26 Apr 2024

Bajaj Finserv Q4 Result: Profit Rises 20% To Rs 2,119 Crore

Bajaj Finserv reported on Friday a 20 per cent surge in consolidated net profit, reaching Rs 2,119 crore for the March quarter. This marks an increase from the net profit of Rs 1,769 crore reported in the same period last year. According to a regulatory filing, BFL, serving as the holding company for various financial services businesses within the Bajaj group, disclosed that total consolidated income during the fourth quarter of FY24 rose to Rs 32,042 crore, up from Rs 23,625 crore in the corresponding period of the previous year.

16:07 PM (IST)  •  26 Apr 2024

Maruti Suzuki Q4 Result: Net Profit Surges 48% To Rs 3,878 Crore

Maruti Suzuki India Ltd on Friday recorded a standalone net profit of Rs 3,878 crore for the fiscal fourth quarter, a 48 per cent increase from the corresponding period last year. During the three months ended March 31, the company reported revenue of Rs 38,235 crore. On Friday, Maruti Suzuki's shares on the BSE concluded trading 1.26 per cent lower at Rs 12,760 per share.

15:41 PM (IST)  •  26 Apr 2024

Stock Market: Sensex Fell 609 Points, Nifty Below 22,450

Indian markets halted a five-day winning streak on Friday, witnessing volatility as the Nifty fell below 22,450. At the close, the Sensex dropped by 609.28 points or 0.82 per cent to reach 73,730.16, while the Nifty declined by 150.30 points or 0.67 per cent to 22,420. Among the stocks traded, 1710 advanced, 1521 declined, and 106 remained unchanged.

15:17 PM (IST)  •  26 Apr 2024

Kia's Q1 Net Profit Surges 32.5%, India Sales Affected By Aging Models

Kia, the automaker, announced on Friday a 32.5 per cent year-on-year increase in its first-quarter net profit, propelled by heightened sales of SUVs, minivans, and hybrid models. The company disclosed in a regulatory filing that the consolidated net profit for the January-March period amounted to 2.8 trillion won ($2 million), compared to 2.1 trillion won profit recorded a year earlier.

14:50 PM (IST)  •  26 Apr 2024

Indian Startups Drive Patent Filing Spree With 83,000 Applications In FY23

Deep-tech startups in India led by artificial intelligence (AI), Internet of Things (IoT), and neuro-technology filed a total of 83,000 patents in FY2023, according to a report by Nasscom released on Friday. This marked a remarkable annual growth rate of 24.6 per cent, the highest in the past two decades. The number of patents granted also saw substantial growth, more than doubling between FY2019 and FY2023.