Maruti Suzuki reports Q1 net profit of Rs 475 crore

New Delhi: Maruti Suzuki India on Wednesday reported a consolidated net profit of Rs 475 crore for the first quarter ended June 30. It had posted a consolidated net loss of Rs 268 crore in the April-June quarter of 2020-21. Revenue stood at Rs 17,776 crore in the first quarter as compared to Rs 4,111 crore in the year-ago period. PTI

Mumbai
Sensex skids for 3rd day as bank stocks tumble

Equity benchmarks nursed losses for the third session on the trot on Wednesday, weighed by banking, energy and auto stocks amid a lacklustre trend overseas. After plummeting over 700 points in intra-day trade, the Sensex clawed back some lost ground to end 135.05 points lower at 52,443.71. The Nifty slipped 37.05 points to close at 15,709.40. PTI

New Delhi
IDBI Bank posts four-fold jump in profit to Rs603 cr

IDBI Bank on Wednesday reported over four-fold jump in net profit to Rs 603.30 crore for the first quarter of the current fiscal helped by a decline in bad loans. Total income rose to Rs 6,554.95 crore during the period from Rs 5,901.02 crore in the same quarter last fiscal, the bank said. PTI

New Delhi
Tata Motors plans to hike prices from next week

Tata Motors is looking to increase prices of its entire range of passenger vehicles from next week as it aims to offset the steep rise in procurement cost of essential materials like steel and precious metals, as per a top company official. PTI

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