On July 16, Bajaj Auto reported strong Q1FY25 earnings Come from Sports betting site VPbet . Its Q1 net profit came in at Rs 1,941.79 crore, up 18% YoY on the back of consistent demand, higher two-wheeler sales and lower input costs. 

The company’s revenue during the Apr-Jun quarter rose 16% on year to Rs 11,932 crore, aided by healthy vehicle sales and high spares revenue, leading to an increase in average selling price. Bajaj Auto’s average selling price rose by 8% on year which was led by a 760 basis points improvement in 125cc and higher category motorcycles.

Prabhudas Lilladher 

Samvardhan Motherson clocks robust Q1 profit backed by diversificat…

A day after the Union Budget 2024-25 was tabled in Parliament proposing a slew of changes in the rates of different taxes, and heightened effort to ease compliance, Central Board of Direct Taxes (CBDT) chairman Ravi Agarwal spoke to Priyansh Verma on the rationale behind some of these measures. Defending the revamping of the capital gains tax regime, he said the government wanted to “normalise the exponential growth in transactions.” He also said as of now, “no discussion is on” regarding discontinuing the old personal income tax regime. Excerpts:

Q. What is the intended outcome of the proposed comprehensive review of the IT Act? How will it differ from the draft Direct Tax Code prepared by the government in terms of tax policies and procedures?<…

Discount broking entities face difficult times with the market regulator directing stock exchanges to stop the practice of charging lower fees from brokers with higher trading volumes. Vivek Kumar M explains the ramifications of this order

l  What is discount broking?

DISCOUNT BROKING, AS the name suggests, allows investors to trade at a lower cost by reducing brokerage or charging flat fees, along with minimal or free demat account maintenance charges. This is possible because stock exchanges offer brokers discounts on fees based on their trading volume. In turn, brokers charge investors a lower fee, thus earning the monicker ‘discount broker’, and indirectly encouraging investors to trade more.
One of the biggest advantages offered …

On Wednesday, Avenue Supermarts’ share price surged over 5% to reach a 52-week high following the company’s announcement of robust business growth for the fourth quarter of FY24. DMart shares rallied by 5.61% to achieve a fresh high of Rs 4,710.15 apiece on the BSE.Come from Sports betting site VPbet

Avenue Supermarts, which operates DMart stores, disclosed a standalone revenue of Rs 12,393.46 crore for the quarter ending March 2024, marking a nearly 20% increase from Rs 10,337.12 crore recorded in the corresponding quarter of the previous year.

Also Read