Business News Highlights: Sensex, Nifty Settle Flat Amid Volatility
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Orient Green Power Q4 Result: Firm's Loss Jumps To Rs 25 Crore
Orient Green Power Company reported a consolidated net loss of Rs 25.25 crore for the March quarter of FY24 on Friday, primarily due to reduced income. According to the company's exchange filing, this is an increase from the Rs 18.97 crore loss reported in the same period last year. Total income decreased to Rs 39.12 crore from Rs 46.45 crore in the January-March quarter of FY23.
Air India Names Sanjay Sharma As CFO
Air India revealed that it has appointed Sanjay Sharma as the Chief Financial Officer (CFO), effective June 10. Sharma will take over from Vinod Hejmadi, who will retire after serving Air India for over thirty years. According to an official statement, Sharma brings over thirty years of expertise in corporate finance, investment banking, and real estate sectors.
Stock Market Close: Sensex, Nifty Settle Flat
The benchmark indices in India achieved new record peaks on Friday as the Nifty crossed the 23,000 mark for the inaugural time. Despite this milestone, the market couldn't sustain the heightened levels and concluded with minimal fluctuations. By the closing bell, the Sensex edged down by 7.65 points or 0.01 per cent to reach 75,410.39, while the Nifty dipped by 10.55 points or 0.05 per cent, settling at 22,957.10.
Power Grids Strain as Peak Demand Hits 236.59 GW on Thursday
India experienced a season-high peak power demand of 236.59 GW on Thursday, driven by soaring temperatures nationwide, leading to increased usage of cooling appliances such as air conditioners and coolers. According to data from the power ministry, Thursday saw the highest supply meeting the peak power demand, marking the maximum level recorded for this summer season.
Hackers Employed Undetectable Malware And Tools Throughout Q1: Report
In this year's first quarter (Q1), hackers persisted in employing malware. They increasingly turned to tools with legitimate functions, enabling cybercriminal operations to remain undetected for extended periods, as per a new report released on Friday. Arete, a global cyber risk management company, presented its Q1 2024 Crimeware Report, revealing a slight rise in median ransom payments from Q4 to Q1, yet these payments remained consistent with the median payments recorded throughout 2023.
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