Govt accords 'Navratna' status to IREDA
IREDA is a non-banking financial institution engaged in promoting, developing and extending financial assistance for setting up projects related to new and renewable sources of energy and energy efficiency/conservation
Evonik opens India office, R&D centre at Thane
This new office will serve as a hub for Evonik’s operations in India, providing a dynamic and inspiring environment for employees to collaborate, innovate, and drive growth
Eveready Q4 net Rs 8 crore amid sluggish rural demand
Profit After Tax (PAT) for the year saw a substantial increase of 231 per cent to Rs 66.7 crore in FY'24, against Rs 20.1 crore in FY'23.
Apollo Hospitals' unit to raise Rs 2,475 crore from PE firm Advent
Advent shall invest in compulsory convertible instruments over 2 tranches to secure 12.1% stake in the merged entity, by valuing the combined entity at an enterprise value of Rs22,481 crore
MC Pro Quick Take | HCL Tech Q4 FY24: In-line revenue, but weaker margin and guidance
Revenue performance in-line, but tad weaker margin and guidance
'Indian airlines will need 60 wide-body planes for long routes by FY2032'
Long and ultra-long haul operations can be structurally profitable given the strong demand for non-stop connectivity, it said and added that higher pricing thresholds and stability are visible
Mahindra Holidays Q4 profit jumps on higher occupancy, membership growth
The company reported a consolidated net profit of 823.6 million rupees ($9.88 million) for the quarter ending March 31, against 564.2 million rupees a year ago.
Maruti Suzuki Q4 net profit rises 48% to Rs 3,878 cr, firm declares Rs 125 dividend
For the entire financial year, the company’s standalone net profit went up by over 64 percent to Rs 13,209 crore as against Rs 8,049 crore during the previous year ended March 2023
IndusInd Bank Q4 FY24: no surprises; valuation attractive
Good quarter on the back of strong loan growth and better asset quality
Tech Mahindra Q4 FY24 – Strategy to bring the magic back masks an uninspiring quarter
The company aims to better peers in terms of growth and meaningfully improve margin, but that will take time
TCS CEO K Krithivasan says AI can kill most call centres: Report
Krithivasan also said that TCS is working on projects of generative AI and it has doubled quarter over quarter to be worth $900 million at the end of fourth quarter as reported by Financial Times. He said that the order flow to'increase significantly' for the next few quarters
Vedanta expects sale of steel business to be done between Q1 and Q2 this fiscal
Vedanta initiated an evaluation of its steel and steel raw material business in June last year amid plans to to focus on its core mining businesses.
Kotak Mahindra Bank: Should you be catching a falling knife?
Even if the bank takes corrective action fast, it will take at least a couple of years to be back to business as usual
Axis Bank Q4 FY24 – strong show on all fronts
Axis has all the ingredients in place for an RoA uptick
LTI Mindtree Q4 FY24 – disappointing quarter, improving outlook
The company is focusing on growth rather than margin gains
Task cut out for Rallis India's new CEO
The new CEO will have to address the structural issue of subdued revenue growth and sagging profit margins
AJIO unveils ethnic collection inspired by Netflix and Sanjay Leela Bhansali’s series Heeramandi: The Diamond Bazaar
The highly anticipated collection takes inspiration from the colours, silhouettes, fabrics and embellishments used in Heeramandi: The Diamond Bazaar.
Lupin receives Establishment Inspection Report from USFDA for its Aurangabad manufacturing facility
The inspection was conductedfrom March 6 to March 15, 2024. The U.S. FDA has determined that the inspection classification ofthe facility is Voluntary Action Indicated (VAI)
AU Small Finance Bank launches credit cards with exclusive features. Check details
The AU SPONT Rupay credit card enables users to seamlessly link the card to their preferred UPI-enabled application, facilitating convenient payments using the UPI Scan and Pay feature
Coca-Cola signs $1.1 billion deal to use Microsoft cloud, AI services
The two companies said Coca-Cola would test Microsoft’s Copilot offerings to see how the tools improve productivity for the beverage maker.
Apple named a top 2024 pick at BofA ahead of key earnings
Morgan Stanley trimmed its price target on the stock to $210 from $220 on Monday, expecting Apple to give a disappointing forecast when it reports
PepsiCo's first-quarter results beat as international demand drives growth
PepsiCo's first-quarter net revenue rose 2.3% to $18.25 billion, beating LSEG estimates of $18.07 billion.
Sebi queries global funds on Adani stocks manipulation
The Adani Group’s stocks have been on a rollercoaster ride in the past few years
Representation of women apprentices in manufacturing sector to touch 40% by year-end: TeamLease
Notably, companies in electronics and auto manufacturing have become entirely gender-agnostic in their recruitment processes for assembly line workers, actively seeking to engage rural women in the workforce
Persistent Systems Q4 FY24 – Why we like everything except the valuation
The near-term focus is on growth while margin is likely to improve on better demand, going forward
