Corporate Earnings Updates:
Mahindra and Mahindra reported a 31.6% growth in net profit for Q4FY24, while HAL announced a 52% rise in net profit for the same quarter.
Political Developments:
Aam Aadmi Party’s Swati Maliwal filed a police complaint against Kejriwal’s aide for alleged assault.
Arrests and Allegations:
Mumbai Police arrested Bhavesh Bhide in connection with a billboard collapse that caused 16 deaths. Swati Maliwal provided a statement to the police regarding the assault allegations.
Weather Updates:
Heavy rainfall with thunder and gusty winds hit Mumbai, Thane, and Kalyan. The Indian Meteorological Department issued an orange alert for several districts.
IPO News:
Go Digit IPO received 79% subscription on the second day of bidding.
Other Notable News:
Former Tech Mahindra vice-chairman Vineet Nayyar passed away at 85. Ola Cabs CFO Karthik Gupta resigned from his role. Livemint was named the fastest-growing news website in the world.
