Top News of May 16: From the fourth quarter scorecard of top companies like Mahindra and Mahindra, HAL to the Aam Aadmi Party (AAP) Rajya Sabha Swati Maliwal filing a police complaint against Arvind Kejriwal's aide over the attack submitted, here are some of the top news stories from May 16th.

Vineet Nayyar has passed away

Vineet Nayyar, former vice chairman of Tech Mahindra, passed away at the age of 85 on Thursday. From his early days as a district judge to overseeing the turnaround of a scandal-plagued Indian IT giant, Nayyar has held many hats in his life.

To find out more, click here

HAL Q4 Scorecard

Hindustan Aeronautics Ltd (HAL) on Thursday, May 16, announced its January-March quarterly results for the financial year 2023-24 (Q4FY24), reporting a 52 per cent jump in net profit ₹4,308 crore, as compared to ₹2,831.2 crore.

To find out more, click here

M&M Q4 Scorecard

Auto major Mahindra & Mahindra reported 31.6% growth in net profit ₹2,038.21 Crore in Q4FY24 while revenue grew 11.24% YoY. The company also recommended a dividend of ₹21.1 per share.

To find out more, click here

Swati Maliwal Police Complaint

In her first statement, Swati Maliwal said she had submitted her statement to the police and hoped that “appropriate action” would be taken against the accused.

To find out more, click here

Bhavesh Bhide arrested

Bhavesh Bhide was arrested by the Crime Branch of Mumbai Police. His company erected the giant billboard that collapsed in an unexpected dust storm in Mumbai, killing 16 people.

To find out more, click here

Ola CFO resigns months after taking office

Bhavish Aggarwal-led ANI Technologies is heading towards exit season. Karthik Gupta, Chief Financial Officer at Ola Cabs and Ola Financial Services (Ola Mobility), is officially stepping down from his position.

To find out more, click here

Go Digit IPO: 79% issue booked on second day

On the second day of subscription, retail investors responded to Go Digit's IPO with tremendous enthusiasm, but somehow struggled to get fully booked. Go Digit General Insurance's IPO received a subscription rate of 79% on the second day of bidding on Thursday.

To find out more, click here

Rain in Mumbai, Thane

A day after the dust storm, Mumbai, Thane and Kalyan in Maharashtra witnessed heavy rain accompanied by thunder and gusty winds on Thursday. The Indian Meteorological Department (IMD) has issued an orange alert for Jalgoan, Nashik, Pune and Kolhapur Satara.

To find out more, click here