Business Brief:Vivo V50 5G smartphone unveiled for Indian market; Tata Power reported Q3 FY25 PAT of ₹1,188 crore; Ola committed to strengthen foothold in AI market – CarbonMedia
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Business Brief:Vivo V50 5G smartphone unveiled for Indian market; Tata Power reported Q3 FY25 PAT of ₹1,188 crore; Ola committed to strengthen foothold in AI market

Bhaskar English brings you the biggest developments from India and abroad. Here are top headlines. The Day Ahead: News This Morning: 1. Gold nearly touched ₹83,000 per 10 gm levels: Yellow metal prices up 9% YTD, silver rates shot up to ₹93,475 per kg Gold made an all-time high of ₹82,963 per 10 gram on Friday, February 04, 2025, according to the India Bullion and Jewelers Association (IBJA). The yellow metal’s previous record high was witnessed on February 03 at ₹82,704 per 10 gm. Meanwhile, silver prices rose by ₹162 to ₹93,475 per kilogram. The white metal saw its all-time high on October 23, 2024, when it reached ₹99,151 per kg. 2. Ola to invest ₹2,000 crore in its AI venture Krutrim: Company's founder Bhavish Aggarwal unveiled AI lab Ola's founder Bhavish Aggarwal announced on February 04, 2025 an investment of ₹2,000 crore in his artificial intelligence venture Krutrim. He also mentioned a commitment to invest ₹10,000 crore by next year as the AI race has intensified. 3. Tata Power PAT reported at ₹1,188 crore in Q3 FY25: Revenue increased by 5% to ₹15,391 crore; Shares fell by 17% in last 6 months Tata Group's company Tata Power earned a consolidated net profit of ₹1,188 crore in the third quarter of the financial year 2024-25. Annually, this has increased by 10%. In the same quarter a year ago, the company had clocked a profit of ₹1,076 crore. 4. Asian Paints Q3 FY25 PAT fell 23% YoY to ₹1,110 crore: Revenue depleted 6% to ₹ 8,549 crore Asian Paints Limited reported a consolidated net profit of ₹1,110 crore in the third quarter of the fiscal year 2024-25. On an annual basis, the PAT fell 23%. In the same quarter a year ago, the company had clocked a profit of ₹1,448 crore. In the October-December quarter, the company's revenue from sales decreased by 6% to ₹8,549 crore. A year ago, in October-December 2023, the company generated revenue of ₹9,103 crore. 5. Vivo V50 5G smartphone to launch on February 17: Laced with AI features, 50MP primary camera Chinese tech company Vivo would launch a new V series smartphone in the Indian market. The Vivo V50 5G smartphone would be introduced. The smartphone would feature AI (Artificial Intelligence) features like live call translation, transcript assist, and Google Gemini. Domestic gas cylinder prices on February 05 2025:Original Article