Latest News on May 26 Today: Who are the most recent newsmakers proper now? M&M Q4FY23 revenue, Court NOC to Rahul Gandh, Satyendar Jain’s bail, new Rs 75 coin to be launched, broader job cuts in Asia, or contemporary buzz round IPL Qualifier 2, we at FE carry you the highest, trending information from India and across the globe:

M&M Q4FY23 revenue up 17.8%

Mahindra & Mahindra (M&M) on Friday posted its fiscal fourth quarter revenue at Rs 2,636.67 crore, up 17.8 per cent as in opposition to Rs 2,237.36 crore within the corresponding quarter of final yr. It posted income from operations at Rs 32,365.60 crore, up 24.8 per cent compared to Rs 25,934.40 crore within the fourth quarter of FY22. For the total yr, the corporate posted a revenue of Rs 10,281.50 crore, up 56.3 per cent from the earlier yr. “This was driven by successful mega launches in Automotive, steady growth at Farm Equipment, strong operating performance at Financial Services and value unlocking through monetisation/partnerships,” it mentioned in a regulatory submitting. The Board additionally advisable a dividend of Rs 16.25, that’s, 325 per cent per fairness share of the face worth of Rs 5 every for the monetary yr.

Court NOC to Rahul Gandhi to get passport for 3 years

A Delhi courtroom on Friday granted Congress chief Rahul Gandhi a no-objection certificates (NOC) for issuance of an “ordinary passport” for 3 years. Gandhi had moved the courtroom after he surrendered his diplomatic passport upon his disqualification as an MP.

“I’m partly allowing your application. Not for 10 years but three years,” the decide advised Gandhi’s lawyer. The former Congress chief is an accused within the National Herald case through which BJP chief Subramanian Swamy is the complainant. PTI

Morgan Stanley Asia job cuts

Morgan Stanley is letting go of no less than six managing administrators, together with some key China bankers, as a part of broader job cuts in Asia the place dealmaking has been stymied by rising China-US tensions and tepid financial development. Clarence Kwok, who’s centered on mergers and acquisitions in China, Julia Xiao in company finance, and Tony Yin on the know-how protection have been amongst managing administrators let go, based on individuals acquainted with the strikes who requested to not be recognized as a result of they’re not approved to talk publicly. Some of the senior bankers being minimize have been promoted within the final two years, mentioned the individuals. Read More

Centre to launch new Rs 75 coin

The Union Finance Ministry will launch a ₹75 coin to mark the inauguration of the brand new Parliament constructing. The new Parliament constructing will likely be inaugurated by Prime Minister Narendra Modi on May 28. The coin could have a round form with a diameter of 44 millimetres. The coin will likely be fabricated from a quaternary alloy — 50 % silver, 40 % copper, 5 % nickel, 5 % zinc.

“The face  of the coin shall bear the Lion Capitol of Ashoka Pillar in the center, with the legend ““सत्यमेि जयते” (Satyameva Jayate) inscribed under, flanked on the left periphery with the phrase “भारत” (Bharat) in Devnagri script and on the proper periphery the phrase “INDIA” in English,” the Finance Ministry notification acknowledged. Read More

Satyendar Jain will get interim bail

Delhi’s former minister and AAP chief Satyendar Jain will get interim bail from Supreme Court grants on medical grounds. A trip bench of Justices JK Maheshwari and PS Narasimha granted bail to Jain for six weeks to get handled at a personal hospital of his choic. Read More

IPL 2023 MI vs GT at this time:

Mumbai Indians (MI) is all set to lock horns with Gujarat Titans (GT) within the second qualifier of the Indian Premier League (IPL) this night. The winner of at this time’s match will tackle Mahendra Singh Dhoni-led Chennai Super Kings (CSK) within the remaining.

While Hardik Pandya-led Gujarat Titans have been on the high of the factors desk, successful 10 of the 14 matches it performed, Rohit Sharma’s males have been in fourth place, successful eight matches out of the identical variety of video games.

Parliament row resonates throughout occasion traces 

Ahead of the Parliament constructing’s inauguration, Veteran Congress chief and Rajya Sabha MP Digvijaya Singh on Friday mentioned that the brand new constructing ought to be inaugurated by President Droupadi Murmu. Digvijay’s remarks got here within the backdrop of the continued row over the inauguration of the brand new Parliament constructing by Prime Minister Narendra Modi scheduled for May 28. 

On the opposite hand, Assam Minister and President of Asom Gana Parishad (AGP) Atul Bora has criticised the “undemocratic attitude” of  the Opposition for asserting a boycott of the brand new Parliament constructing and has appealed to all political events to take part within the inauguration ceremony on May 28. “This is a totally undemocratic attitude of the opposition. This is petty politics. I appeal to all political parties to take part in the inaugural ceremony,” Bora mentioned. The AGP is an ally of the BJP-led coalition authorities in Assam. Opposition events have accused the federal government of “sidelining” President Draupadi Murmu. (ANI)

Layoffs hit Meta’s India workplaces

As a part of its already-declared plans of mega job cuts, Meta has sacked a number of employees from its India workplaces. Avinash Pant, director of selling, director and head of media partnerships Saket Jha Saurabh at Meta’s India workplace are the most recent high officers who’ve been requested to go. In March, the tech big had introduced that it’s going to slash round 10,000 jobs from its international operations.