Today's top news: PM Modi's 'retirement'; Eicher Motors Q4 results; Rishabh Pant suspended for one match and more

Eicher Motors reports 18 percent rise in consolidated profit after tax 1,070 crore for the fourth quarter ending March 2024. Meanwhile, on the political front, Delhi Chief Minister Arvind Kejriwal reignited the “next PM” debate a day after being released on interim bail. Union Home Minister Amit Shah responded to the AAP leader's claim that Prime Minister Narendra Modi may “retire” next year.

Here are the top 5 news of the day:

1. Eicher Motors Q4 Results

Commercial vehicle and Royal Enfield motorcycle maker Eicher Motors reports consolidated net profit ₹1,070.45 crore for Q4FY24. It recorded an increase of 18.2 percent. In the same quarter last year it was Rs 905.58 crore.

Its total revenue increased by 12 percent Rs 4,256 crore compared to January-March quarter of FY24 3,804 crore in the same quarter of 2022-23, Eicher Motors said in a statement.

Read the whole story here…

2. Arvind Kejriwal's claim on PM Modi's 'retirement'; Amit Shah's reaction

A day after coming out of jail, on Saturday, AAP national convenor and Delhi CM Arvind Kejriwal visited Hanuman temple and addressed the public. He attacked Prime Minister Narendra Modi and Bharatiya Janata Party (BJP).

Kejriwal wondered whether PM Modi would “retire” next year and whether he was seeking votes for Union Home Minister Amit Shah. She also claimed that if BJP wins the 2024 Lok Sabha elections, she will replace Yogi Adityanath as the Chief Minister of Uttar Pradesh.

Union Home Minister and BJP leader Amit Shah refuted Kejriwal's claims and “clarified” that PM Modi will not be replaced next year.

Read the whole story here…

3. Basant Maheshwari warns traders to stay away from F&O till June 4

Well-known investor Basant Maheshwari warned of massive losses in equities and derivatives ahead of the Lok Sabha elections 2024. He said retail investors and traders should stay away from the futures and options (F&O) markets until the election results are declared on June 4, 2024.

“The Indian market is extremely volatile right now and VIX is continuously rising. It is better that traders do not touch call, put options at all for the next 20-25 days before the election results,” the wealth manager said recently on his YouTube. Video interview on the channel.

Read the whole story here…

4. IPL 2024: Heavy fine imposed on Delhi Capitals, Rishabh Pant suspended for one match

Delhi Capitals captain Rishabh Pant will face a heavy fine and one-match suspension for violating the IPL code of conduct and maintaining a slow over-rate during IPL Match 56 against Rajasthan Royals. This is the third time in IPL 2024 that Delhi Capitals has been fined for similar violations and this time the BCCI has imposed a heavy fine. 30 lakhs against the captain.

Read the whole story here…

5. Public debate between Rahul Gandhi-PM Modi

Former Congress president Rahul Gandhi, while accepting the invitation for a public debate with Prime Minister Narendra Modi, said it would be a positive initiative for the major parties to present their vision to the country from a single platform for a healthy democracy.

Read the whole story here…

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Published: May 11, 2024, 06:53 PM IST

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