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
Chart of the Day: Sluggish volumes in domestic market should worry pharma investors
Volumes contributed just 0.7 percentage points of the 7.6 percent growth of Indian pharmaceutical market in FY24
Sebi finds Adani offshore investors in disclosure rules violation: Report
Eight of these offshore funds have approached the regulator via written request to settle the charges by paying a penalty without admission of guilt, the sources added.
Union Bank classifies BGR Energy Systems debt as NPA
The total outstanding borrowings of BGR Energy Systems from financial institutions added up to ₹3,758 crore, of which fund-based borrowings and non-fund-based borrowings were ₹1,400 crore and ₹2,358 crore, respectively.
Japan’s MUFG mulls sweeter HDB Financial offer, seeks say in strategy
HDFC, India’s biggest lender, owns a 95% stake in HDBF and has been seeking ways to sell part of it, including a possible initial public offering
Reliance Q4 results highlights: Net profit beats estimates; CFO says domestic demand for O2C biz up 4.6% in FY24
Reliance Q4 results highlights: RIL's revenue from the oil-to-chemicals unit rose 10.9%, primarily driven by improved price realisation for transportation fuels and higher volumes. The company also announced Rs 10 dividend
Wipro Q4: Can investors repose faith in the new CEO’s execution focus?
Should the new CEO deliver, a gradual uptick in earnings can rerate the stock
A slow unwinding of COVID excesses at Wipro, Infosys
Annual profit margins remain below pre-pandemic years despite the recent improvement
Sterling & Wilson Renewable Energy reports Rs 1.4 crore net profit in Q4
It had reported a net loss of Rs 421.11 crore in the January-March period of preceding 2022-23 financial year, the company said in an exchange filing on Saturday
Arbitrator rejects Sterlite Tech's Rs 145 crore claim against BSNL
The arbitrator has rejected STL’s claims vide award dated April 18, 2024,” STL said in the filing. The Arbitration was before Justice Badar Durrez Ahmed , former Chief Justice Jammu and Kashmir High Court
Air India to soon have new crew management system
In a message to the staff on Friday, Air India CEO and MD Campbell Wilson said that in the next two weeks, there will be the CAE Crew Management System
Indo Count acquires US-based Wamsutta brand for Rs 86 crore
Wamsutta is a home fashion brand offering bed, bath and other home fashion products. The company acquired a 100 per cent stake in the 178-year old brand from NYSE-listed Beyond in a cash deal of USD 10.25 million (around Rs 86 crore), the filing said
Yes Bank co-founder Rana Kapoor gets bail in bank fraud case; to walk out of jail after four years
The court has granted bail to Rana Kapoor in the CBI’s case against him and Avantha Group promoter Gautam Thapar for allegedly indulging in criminal conspiracy, criminal breach of trust, cheating and forgery for diversion of public money to the tune of Rs 466.51 crore.
MC Pro Quick Take | Wipro Q4: In-line execution, better margin, but near-term outlook muted
Wipro's in-line execution and bookings and surprise on margin stood somewhat negated by a soft near-term guidance
Cipla gets Rs 1.83 crore penalty for claiming inadmissible transitional credit on education cess
The company has received an order from the Principal Commissioner of CGST & Central Excise, Mumbai, Maharashtra imposing a penalty of Rs 1,83,17,388 under applicable provisions of the Central Goods and Services Tax Act, 2017 and Maharashtra Goods and Services Tax Act, 2017, Cipla said in a regulatory filing
Infosys Q4 FY24: Disappointing quarter, attractive valuation
Despite a weak quarter and a tepid guidance, the order bookings make us optimistic about a gradual revival in FY25, especially if the discretionary spending environment looks up
IndiGo's market-share steady in Q4 despite grounding of aircraft
The company’s market share in India remained steady at around 60 percent in January-March 2024
MC Pro Quick Take | Infosys Q4 FY24: Disappointment continues except for strong order bookings
Order inflows continued to remain strong and was the lone redeeming feature of the earnings report
