Khanij Bidesh India may acquire lithium asset in Australia this fiscal
Lithium is the most important mineral for the energy transition, a fundamental component of lithium-ion batteries, which power electric vehicles and battery energy storage systems
Eicher Motors Q4 net profit up by 18% at Rs 1,070 crore on higher sales volumes, ASP
The company’s revenue from operations jumped 11.87 percent Year-On-Year (YOY) to Rs 4,256 crore as compared to Rs 3,804 crore in the same quarter last fiscal
JSW Cement launches production unit in Rajasthan's Naguar, first in North India
JSW Cement has a capacity of 19 million tonnes per annum in India as of September last year
TCS’s greying employees send wage bill to record highs
The share of TCS employees in India aged below 30 years dropped from 59 percent in FY22 to 53 percent in FY23 and further to 50.3 percent in FY24
Vodafone Idea shareholders approve plan to raise authorised share capital to Rs 1 lakh crore
Vodafone Idea (VIL) has sought shareholders’ nod to raise companies authorised share capital to Rs 1 lakh crore from Rs 75,000 crore, following its recent Rs 18,000 crore follow-on offering
Hyundai's CSR wing launches initiative to preserve tribal and cultural heritage
These initiatives have helped preserve India’s rich culture, while creating livelihood opportunities for the artists and contributing to their social wellbeing, the statement said.
Bharti Enterprises sells shares of ICICI Lombard for Rs 663 crore
After the stake purchase, ICICI Bank’s stakeholding in the ICICI Lombard increased to 51.7 per cent from 51.27 per cent.Shares of ICICI Lombard General Insurance Company dropped 4.05 per cent to close at Rs 1,651.05 apiece on the BSE
India considers incentives for lithium processing: Report
Companies including SoftBank-backed e-scooter maker Ola Electric, and miner Vedanta Ltd and Jindal Power are among those bidding for critical minerals blocks, which include lithium
As Lupin rebuilds US business, stock valuations turn pricey
US sales exceeded $200 million for the third consecutive quarter in Q4 FY24 and are moving towards a $1 billion annual run rate
Chart of the Day: April thermal power plant utilisation levels highest in 13 years
Thermal power generation grew by about 9 percent for the fourth consecutive month in April 2024
Coforge's Cigniti acquisition faces valid scepticism
By way of comparison, note that, amid a business slowdown, LTIMindtree is finding it difficult to achieve merger synergies
Indian EV startup makes offer to interns spurned by Elon Musk
As several aspiring employees took to LinkedIn to express anguish at not being left with enough time to find replacement gigs for the summer, Pravaig offered help.
Tesla vs Tesla: Elon Musk's EV automaker files trademark infringement case against 'Tesla Power' in Delhi HC
The case comes after Musk cancelled his planned visit to India on April 21 to meet Prime Minister Narendra Modi.
Business in the Week Ahead: May 6-10
Central banks of Australia and UK will take a call on the direction of interest rates. Three IPOs are scheduled to open for subscription. Final PMIs and earnings are other key data to track
Sony and Apollo submit $26 billion Paramount offer: Report
Air India announces non stop flights from Delhi to Zurich from next month
Air India currently operates a total of 60 weekly flights to and from six cities in mainland Europe, namely Amsterdam, Copenhagen, Frankfurt, Milan, Paris, and Vienna
Coforge Q4: A large acquisition overshadows a decent quarter
Near-term jitters may be an opportunity for gradual accumulation of the stock for the long term.
Federal Bank Q4 FY24 – Steady quarter marred by one-off, valuation attractive
Loan growth remains healthy and deposits are catching up while margins improve
Huawei secretly backs US research, awarding millions in prizes
A Huawei spokesman said the company and the Optica Foundation created the competition to support global research and promote academic communication
New capacities to help hospitals outpace pharma in FY25
While hospital chains are expanding capacity at a healthy rate, key growth drivers of pharma companies are showing signs of moderation
Yes Bank: Has the rally captured the probable deal upside?
The bank is adequately capitalised and has a diversified asset book
Race for Shriram Housing Finance: Mubadala in talks to join front-runner Warburg Pincus as co-investor
Parent Shriram Finance, which is mainly into commercial vehicle financing, owns 84.82 percent in Shriram Housing Finance, while 14.94 percent stake is held by San Fransisco, California-based private equity player Valiant Capital Management
HCL Tech Q4 FY24: Indication of a modest show in FY25
Revenue guidance for the current financial year disappointing because of a few one-offs
Glenmark Life Sciences keeps up growth outlook in spite of Red Sea turmoil
Sales in March 2024 quarter declined by 13.6 percent amid shipment delays and logistics challenges
