Company / Zee Biz
Avaada Energy is pleased to announce the successful closure of one of the largest refinancing transactions in India's renewable energy sector, securing about Rs 4,471 crore (USD 535 million) from the state-owned lender NaBFID, the statement said.
Vesuvius has been making significant investments in India by expanding the capacity of its existing manufacturing plants as well as setting up three new greenfield manufacturing plants, which will create an additional capacity of 2,50,000 tonnes per annum.
This acquisition is expected to augment ITC Infotech's capabilities to service its customers in a multi-cloud and hybrid cloud environment with a focus on the partner ecosystem to accelerate future growth, the filing said.
The brand plans to establish 250 stores nationwide by FY26 and 500 in the future, and anticipates two-fold growth in the next three years and aims to make hearing healthcare accessible to all.
The company's total revenue soared 74 per cent to Rs 1,544 crore in the fourth quarter, from Rs 885 crore in the January-March quarter of financial year 2022-23.The broking firm's total client assets reached about 7 lakh crore as of March 2024, marking a 19 per cent year-on-year (YoY) increase.
The company hosted a global seller meet in Jaipur on Tuesday, kicking off a series of regional events to help prospective sellers with insights and knowledge on consumer and category trends and assist with onboarding support and catalogue setup, a release said.
Infosys has recommended a dividend of Rs 28 per equity share on Thursday. The company'srevenue for the January-March quarter declined 2.1 per cent sequentially. However, it stood flat on a year-on-year basis, with a growth of just 0.2 per cent.
Hyundai Motor's sales inched up 1.3 per cent to 1,35,281 units, while thatof Kia dropped 3.6 per cent to 1,43,151 units
HDFC Life Insurance earned a total income of Rs 27,893 crore in the fourthquarter, reporting a 14.7 per cent rise in net profits.
Bajaj Auto Q4 FY24 Results: Bajaj Auto reported a 35.1 per cent year-on-year jump in standalone net profit to Rs1,936 crore for the January-March period, beating analysts' expectations.
Though Infosys reported a rise in PAT, its consolidated revenue from operations slipped by 2.34 per cent to Rs 37,923 crore in the quarter under review from Rs 38,831 crore in the previous quarter. The research team had estimated the revenue to be Rs 38,550 crore.
Also, the company on the sidelines approved a final dividend of Rs 20 per share for the financial year ended March 31,2024 and additionally a special dividend of Rs per equity share.
Package A includes erection of power house Unit 1 & 2 and other buildings at 2x660 MW NTPC Talcher, Odisha.Package B includes erection of ash handling plant structure, and tank fabrication at the NTPC Talcher plant.Package C includes erection of coal handling plant structure at the plant.
TSMC Q1 net profit T$225.5 bln vs T$218.1 bln analysts forecast as stock price has surged on chip demand for AI application
Chairperson and Managing Director of IREDA, Pradip Kumar Das, underscored the importance of this initiative during a panel discussion on Future Growth Opportunities for Long Duration Energy Storage at the World Future Energy Summit 2024 in Abu Dhabi on April 17.
The company had posted a consolidated net profit of Rs 83.6 crore in the same period of the previous fiscal, Just Dial Ltd said in a regulatory filing.
ICICI Pru Q4 FY24 Results Preview:ICICI Prudential Life Insurance Company (ICICIPRULI)is expected to register a 550 basis-point slide in its new business (VNB) margina key measure of profitability for insurance businessesfor the final quarter of FY24, according to brokerage Nirmal Bang.
Jindal Stainless has reduced 2.4 lakh tonnes of carbon emissions between 2022-23 and 2023-24, according to a company statement on Wednesday.Jindal Stainless Ltd (JSL) is taking various measures to reduce the carbon component in its emissions to nil by 2050.
Vodafone Idea FPO:The price band for the offerisRs 1011 per share. The higher end of the price band (Rs 11) is at a discount of about 26 per cent compared to the recently approved preferential issue price to the promoter entity at Rs 14.87.
Following NPCI's approval on March 14, 2024, to onboard OCL as a Third Party Application Provider (TPAP) on the Multi Payment Service Provider API Model, Paytm has expedited the integration with four banks.
The total investment in corporate bonds and other debt products has crossed Rs 1,000 crore recently and it should double in the next 12-14 months, Grip Invest Founder and CEO Nikhil Aggarwal told.
Tata Communications dividend 2024, Tata Communications announcement: The board of directors recommended a final dividend of Rs 16.70 per equity share of face value of Re 10 for the financial year ending March 31, 2024.
ICICI Lombard Q4 dividend:ICICI Lombard also shared its financial results today for the fourth quarter ended on March 31, 2024. The large-cap insurance firm reported a 17.23 per cent jump in its net premium income, while its profit after tax was Rs 520 crore in the January-March quarter.
Tata Communications Q4 FY24 Results:The Tata group telecom company reported a 7.2 times quarter-on-quarter jump in consolidated net profit to Rs321.2 crore for the final quarter of the financial year 2023-24, almost meeting analysts' expectations.
ICICI Lombard's net premium income jumped by 17.23 per cent to Rs 4,368 crore in the quarter under review from Rs 3,726 crore Year-on-Year(YoY). It beat Zee Business research estimates of Rs 4,210 crore.
Jubilant Pharmova, a wholly-owned subsidiary of the company, has received a communication from the US Food and Drug Administration (USFDA) that the facility has been classified as VAI pursuant to inspection from January 25 to February 2, 2024, it said in a regulatory filing.
Funskool said the workforce at the Ranipet factories comprises 80 per cent women. The manufacturing facilities utilize solar energy for running the plants ensuring health and safety and managing environmental impact in all operations.
HDFC Life Insurance Q4 FY24 Results Preview: The private sector life insurer is expected to register a 15.4 per cent year-on-year increase in net premium income to Rs 22,434 crore for the quarter ended March 31, according to Zee Business research. Analysts expect the company to register a strong expansion in new business premiums.
Power Grid Corporation is the country's largest electric power transmission utility. It operates 86 per cent of Inter-Regional networks.
The all-new eCanter made its world debut in Japan and Europe during the second half of 2022.
According to the exchange filing, the company's total income has increased 40 per cent YoY to Rs 100.6 crore. It was 68.1 crore in the corresponding period a year ago.
Through the new Fund IHF, it has made its maiden investment of $2 million in Mynvax, a biotech start-up focused on developing novel recombinant vaccines for human respiratory viral diseases, including seasonal influenza and COVID-19.
As per Zee Business research, the company's net premium earned for the January-March 2024 quarter is likely to rise by 13 per cent to Rs 4,210 crore against Rs 3,726 crore Year-on-Year (YoY). The analysts estimate the insurance company's profit to jump by 5.2 per cent to Rs 460 crore in the fourth quarter compared to Rs 437 crore in the same quarter last fiscal.
The group plans to introduce new products such as rasam powder and others to suit tastes in south India under its Catch Spices brand as it seeks to penetrate in the region as part of an overall strategy to grow at a CAGR of 30 per cent in the next five years.
Tata Communications Q4 preview:Shares of the company have given over 51 per cent returns in the past one year against a 25 per cent rise in the benchmark Nifty50 index.
Vodafone Idea FPO:Vodafone Idea said its Capital Raising Committee has approved the allocation of 490.9 crore equity shares of the company to the anchor investors.
Earlier, the homegrown EV chargers and solar solutions provider joined hands with Electra EV for innovative EV Charging Technologies to create Indias first fast charging interoperability solutions between GB/T and CCS2 protocols.
HPE unveiled its Make-in-India plan in July 2023 with Indian manufacturer VVDN Technologies and is planning to manufacture approximately USD 1 billion worth of high-volume servers in the first five years of production.
The company plans to generate over 1.9 billion units of clean electricity per annum with a target to reduce over 13.52 lakh tonne carbon emissions annually by the targeted year.
The board in a meeting held on Tuesday also approved a proposal to increase the authorised share capital and alteration in the capital clause of the memorandum of association, a regulatory filing said.
Morgan Stanley's analysis also highlights potential external risks, particularly regarding the delayed commencement of the interest rate easing cycle by the US Federal Reserve.
Zomato Co-founder and CEO Deepinder Goyal made the announcement on the social media platform X, saying that this fleet is designed to handle all your large orders for group, party, event, etc with ease.
Further it assumes coverage on the stock with a hold view and target of Rs 1592 ((P/E of 21.2x for FY26E, ~20% discount to TCS).
The company, which had last year acquired Sahara Hospital in Lucknow for an enterprise value of Rs 940 crore has renamed it as Max Super Specialty Hospital, Lucknow.
Bajaj Auto Q4 FY24 Results Preview:Bajaj Auto is expected to register a strong financial performance in the fourth quarter of the previous financial year, backed by strong sales volumes and a mild pickup in margins. The Pune-based auto major,whose popular models includePulsar, Discover and Dominar, is all set to report its financial results on Thursday, April 18.
From showcasing India's biggest refrigerator store to an expansive range of ACs and fans, Super Cooling Days provide an opportunity to upgrade appliances, while saving on electricity bills with energy-efficient features.
The German company, which saw just under half of its sales come from Nivea last year, now expects 2024 sales to grow by between 6% and 8%, up from the mid-single-digit growth forecast in February.
The acquisition will include Ivia Beaute's brands namely Astaberry, Ikin and Bhimsaini on a worldwide basis, the company said.
He further said that the onslaught of fake accounts also uses up the available namespace, so many good handles are taken as a result.
Anil Agarwal-led Vedanta has asked JPMorgan Chase & Co to assist it in raising up to Rs 2,500 crore via bonds. According to a source, the mining conglomerate has requested the financial institution to help it raise between Rs 2,000 crore and Rs 2,500 crore through bonds.