Category: Stocks

Tech Mahindra Managing Director and Chief Executive Officer CP Gurnani told PTI that the company has hit a run rate of USD 1 billion (about Rs 8,300 crore), from 5G solutions that it provides to telecom companies. PTI February 27, 2023 / 12:46 PM IST Tech Mahindra ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]

US Dollar The Essar group on Monday announced a USD 3.6 billion investment in low carbon energy transition projects in the UK and India including the production of green hydrogen and ammonia over the next five years, as it looks at a new phase of growth. Essar Group, invested in energy, metals and mining, infrastructure […]

Leaked view of the new Hyundai Verna posted by a blogger on February 26 (Image Source: Namcha Cafe/ Naver) The new Hyundai Verna’s complete design has been leaked ahead of its scheduled March 21 launch, as per multiple reports. The detailed leaks, first of the vehicle’s rear and later of the entire car, emerged from […]

Multiples is playing the EV space through the commercial EV segment, said Renuka Ramnath, Founder, MD and CEO of Multiples (Image Source: Multiples) Multiples Alternate Asset Management has announced a Rs 1,200 crore infusion in electric three-wheeler maker TI Clean Mobility (TICMPL), a wholly-owned subsidiary of Murugappa Group’s Tube Investments. The total fundraising in TI […]

(Image: ADNOC) Abu Dhabi National Oil Co (ADNOC) will increase the stake in its gas business being offered in an initial public offering to 5% from 4%, the state oil giant said on Monday. ADNOC made the decision to increase the stake in the ADNOC Gas offering “based on significant investor demand across all tranches,” […]

Puneet Chhatwal, Managing Director & Chief Executive Officer of IHCL, told Moneycontrol that the boost was the result of an expansionist strategy that was executed across all the group’s brands to play at the top of all its segments as well as new business ventures. Indian Hotels Company Ltd., the Tata Group-owned operator of Taj […]

Green Hydrogen FC TecNrgy and German firm SFC Energy have inked a pact for hydrogen and methanol fuel cell manufacturing in India with a plan of new facility in Gurugram, Haryana. As per the pact, SFC will manufacture its EFOY hydrogen and EFOY methanol fuel cells locally and take care of quality assurance while FCTec […]

In a statement, the company said it is well poised to cover every town and key rural areas with Airtel 5G services by the end of March 2024. PTI February 27, 2023 / 12:26 PM IST Bharti Airtel ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ […]

Investors keenly follow the annual dispatches from Warren Buffett, on the performance of the holding company he continues to chair. Image Source: Reuters) The future CEOs of Berkshire Hathaway will have to be “deeply invested”, literally, in the American-headquartered conglomerate, according to Warren Buffett’s latest annual letter to the shareholders. In his 2022 letter to […]

Signage of Adani Group in Mumbai, India, on Wednesday, on Feb. 15, 2023. Photographer: Indranil Aditya/Bloomberg Adani Group has begun discussions with global credit funds to raise up to $ 400 million in debt against assets of a key coal port that makes up a large portion of the Indian conglomerate’s Australian exports of the […]

Prime Minister Narendra Modi (File image: Twitter/@BJP4India) New Delhi, Feb 26: Prime Minister Narendra Modi said on Sunday that the e-Sanjeevani app, which facilitates online medical consultations, reflects the power of India’s digital revolution, noting that over 10 crore people have benefitted from it so far. In his monthly ‘Mann ki Baat’ broadcast, Modi said […]

More than 50 planes of IndiGo and Go First are on the ground due to Pratt & Whitney engine woes amid persisting supply chain headwinds, forcing airlines to explore wet leasing of aircraft and other options to minimise disruptions, according to officials. The country’s largest airline IndiGo is looking at various options, including slowing down […]

ChatGPT is an AI-driven tool built using OpenAI’s GPT-3 family of large language models. (Illustration by Suneesh Kalarickal) Mumbai, Feb 26: Tata Consultancy Services (TCS) feels generative artificial intelligence platforms like ChatGPT will create an “AI co-worker” and not replace jobs. Milind Lakkad, the chief human resources officer (CHRO) of the country’s largest IT services […]

Piyush Goyal spoke of the need to be 100 percent indigenized in auto industry. There is a need for India’s manufacturing sector to be independent, competitive and capable of providing quality products to consumers indigenously, as the prospects of production-linked incentive schemes to help the sector is limited, Union Minister for Commerce and Industry Piyush […]

The investment from Multiples is a part of the Rs 3,000 crore fundraising efforts by TICMPL for its electric vehicle venture. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else […]

The impact of persistent inflation on rural demand is already visible and this could be a short-term drag but not much relevant in the long run with the urban and semi-urban demand quite robust at this juncture. (Representative image) The Q3 FY23 earnings season has trudged along on more or less on an anticipated and […]

Gas Adani Total Private Ltd will receive its first liquefied natural gas (LNG) cargo at the Dhamra terminal on India’s east coast in April and expects to start commercial operations 30 to 45 days after receiving the shipment, the Adani Group told Reuters. The start-up of the 5 million tonnes per annum (mtpa) LNG import […]

SEBI states that the present legal framework permits some directors to be ‘permanent’ on the board. Amongst the many fairly radical recommendations proposed by the Securities and Exchange Board of India (SEBI) in its recent Consultation paper, one relates to the so-called permanency of certain directors on the board of companies. SEBI states that the […]

Cartier, made famous by the sisters’ jangling Love Bangles, is in the sights of LVMH Moet Hennessy Louis Vuitton SE, according to Swiss paper Finanz und Wirtschaft. (Source: Bloomberg) Just days after Louis Vuitton tapped Pharrell Williams to be its top menswear designer, might it now have its eye on the Kardashians, too? Cartier, made […]

This month, Toshiba posted dismal earnings: Operating income fell 87.5% for the quarter ended December, as every segment — from energy systems to printing and infrastructure — struggled. (Source: Bloomberg) When activist hedge fund Elliott Management Corp’s significant stake in Toshiba Corp. became public in 2021, the company was in the middle of a strategic review. […]