The big news yesterday was about Maruti Suzuki. Maruti Suzuki’s upcoming Dezire sedan has received a 5-star safety rating in the Global NCAP crash test. With this, it became the company’s first car to receive a 5-star adult safety rating and 4-star child safety rating from any crash test agency.
At the same time, automaker Tata Motors reported a net profit (consolidated net profit) of Rs 3,343 crore in the second quarter of the financial year 2024-25. It decreased by 11% on an annual basis. The company had made a profit of Rs 3,764 crore in the same quarter a year ago.
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1. Dezire is Maruti’s first car with a 5-star safety rating: In the Global NCAP crash test, it scored 31.24 points for adult safety and 39.20 points for child safety.
Maruti Suzuki’s upcoming Dezire sedan has received a 5-star rating in the Global NCAP crash test. The agency published the crash test results on Friday, November 8. According to GNCAP, Dezire scored 31.24 out of 34 points for adult safety and 39.20 out of 49 points for child safety.
This is the first car from Maruti to receive a 5-star adult safety rating and 4-star child safety rating from a crash test agency. Previously, Maruti’s Brezza got the highest safety rating of 4 stars. At the same time, the third generation Dezire received only 2 stars in the crash test.
2. Tata Motors’ profit declined by 11% in Q2: Revenue declined by 3.50% to Rs 1.01 lakh crore, share fell by 20.61% in 6 months.
Automaker Tata Motors reported a net profit (consolidated net profit) of Rs 3,343 crore in the second quarter of the financial year 2024-25. It decreased by 11% on an annual basis. The company had made a profit of Rs 3,764 crore in the same quarter a year ago.
The company’s operating profit in the July-September quarter stood at Rs 1.01 lakh crore. Tata Motors had earned Rs 1.05 lakh crore in the same quarter a year ago.
3. The Fed cut interest rates for the second time in a row: 50 in September, now reduced by 25 basis points; The interest rate will be between 4.50% and 4.75%
The US Federal Reserve reduced interest rates by 25 basis points (0.25%). From now on, interest rates will be between 4.50% and 4.75%. Earlier on September 18, the Fed cut interest rates by 50 basis points (0.5%).
The September cut was made after about 4 years. The Fed had reduced its interest rates after March 2020 in September 2024. To control inflation, the Central Bank of America increased interest rates 11 times between March 2022 and July 2023.
4. Musk’s net worth increased by Rs 2.50 lakh crore in four days: After Trump’s victory, it rose to Rs 24.58 lakh crore, he was the biggest supporter in the elections.
After the victory of Republican candidate and former President Donald Trump in the US elections, the net worth of his biggest supporter Elon Musk increased by around Rs 2.27 lakh crore.
A day before the elections (November 5), Musk’s net worth was Rs 22.31 lakh crore, which increased to Rs 24.58 lakh crore a day after the results, i.e. 7 november.
5. LIC’s second quarter profit declined by 3.8%: it stood at ₹7,729 crore, total income increased by 13.84% to ₹2,30,413 crore.
The consolidated net profit of the country’s largest insurance company, LIC, in the second quarter (July-September) of the financial year 2024-25 declined by 3.8% on an annual basis (yoy) to 7 ₹729 crore. The company had made a profit of ₹8,030 crore in the same quarter a year ago.
Life Insurance Corporation of India (LIC) today released its second quarter results on November 8. The company’s total revenue increased by 13.84% on an annual basis.
6. SBI’s second quarter profit grew by 28%: Total revenue increased by 15% to 1.29 lakh crore; Shares fell 2.47% after results
State Bank of India (SBI), the country’s largest state-owned bank, reported a net profit (standalone net profit) of Rs 18,331 crore in the second quarter of the financial year 2024-25. There was an increase of 28% on an annual basis.
A year ago, i.e. in the second quarter of the financial year 2023-24, the company had made a profit of Rs 14,330 crore. The bank’s total income during the July-September quarter increased by 15.13 per cent on a year-on-year basis to Rs 1,29,141 crore, compared to Rs 1,12,169 crore in the same quarter last year.
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