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Company Updates

FSC Clarifies Offshore Fund in Hindenburg Report Not from Mauritius

In Short:The Financial Services Commission (FSC) of Mauritius clarified that the IPE Plus Fund mentioned in a Hindenburg Research report is not based in...

Apollo Hospitals Reports 83% Surge in Q1 Consolidated PAT Driven by Robust Growth

In Short:Apollo Hospitals Enterprises reported a significant 83% increase in profit after tax, rising to ₹305 crore in Q1 FY25, driven by strong revenue...

Used Vehicle Market Expected to Sustain Double-Digit Growth in FY25

In Short:The used vehicle market is expected to grow significantly this year, with 10-12% growth projected for FY25. Reduced public transport investments have created...

Hero MotoCorp’s Q1 Net Profit Projected to Rise by Double Digits YoY

In Short:Hero MotoCorp, India’s largest two-wheeler manufacturer, is set to show strong financial results for the first quarter, with rising profits and sales driven...

Wipro Enhances Partnership with Google Cloud to Equip Workforce with GenAI Tools

In Short:Wipro is expanding its partnership with Google Cloud to enhance its use of Google Cloud AI. They aim to improve productivity and accelerate...

Gupshup Boosts Workforce by 20% to Address Rising Global AI Demand

In Short:Gupshup, a conversational AI company, plans to increase its workforce by 20% to 1,400 employees, focusing on growth across various regions including India,...

Godrej Properties Expands Land Portfolio with Khalapur Acquisition

In Short:Godrej Properties Limited (GPL) has acquired 90 acres of land in Khalapur, Maharashtra, just days after buying two plots in Greater Noida. This...

UP Government Confirms Ongoing Waiver on Registration Fees for Hybrid Vehicles

In Short:The Uttar Pradesh government decided to maintain zero registration costs for electric and strong hybrid vehicles, disappointing automakers like Hyundai and Tata. A...

Adani Group Claims Hindenburg Allegations Are Just a Red Herring

In Short:The Adani group has dismissed recent allegations from Hindenburg as false and manipulative, claiming they are based on misused public information for personal...

SEBI Chairperson and spouse hid stakes in offshore funds tied to Vinod Adani: Report

In Short:Hindenburg Research accused Madhabi Puri Buch, Chairperson of SEBI, and her husband of investing in offshore funds linked to the Adani cash siphoning...

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