Eicher Motors Q4 Results
Eicher Motors, renowned for its Royal Enfield motorcycles and commercial vehicles, reported a consolidated net profit of 1,070.45 crore for the fourth quarter of Financial Year 2024. This represents an impressive 18.2% growth compared to the same quarter last year, where the profit stood at 905.58 crore. Moreover, the company witnessed a 12% increase in its total revenue, climbing from 3,804 crore in Q4 of 2022-23 to 4,256 crore in the January-March quarter of FY24.
Kejriwal’s PM Claims and Shah’s Response
A day after securing interim bail, Delhi Chief Minister and AAP convenor Arvind Kejriwal stirred political discourse by raising the possibility of Prime Minister Narendra Modi’s “retirement” next year. He also speculated that if the BJP triumphed in the 2024 Lok Sabha Elections, Yogi Adityanath could be replaced as Uttar Pradesh chief minister. Union Home Minister Amit Shah swiftly dismissed these claims, asserting that PM Modi would not be replaced.
Election Jitters and Market Caution
As India approaches the 2024 Lok Sabha elections, renowned investor Basant Maheshwari cautioned against potential losses in equities and derivatives. He urged retail investors and traders to refrain from participating in futures and options (F&O) markets until the election results are announced on June 4, 2024. Given the heightened market volatility and rising VIX, Maheshwari advised traders to avoid call and put options for the next 20-25 days.
IPL Penalties for Delhi Capitals
Delhi Capitals captain Rishabh Pant faces a hefty fine and a one-match suspension for violating the IPL Code of Conduct. This marks the third time in IPL 2024 that the franchise has been penalized for maintaining a slow over-rate. The Board of Control for Cricket in India (BCCI) imposed a substantial fine of 30 lakh on Pant.
Rahul Gandhi Accepts Debate Invitation
Former Congress president Rahul Gandhi expressed his willingness to engage in a public debate with Prime Minister Narendra Modi. He emphasized the importance of major political parties presenting their visions for the country on a common platform, fostering a healthy democracy.
