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Company Updates

Anis Chenchah steps down as president of Wipro

In Short:Anis Chenchah, President-APMEA at Wipro, has resigned while Vinay Firake has been appointed as CEO, effective immediately. Firake, with 26 years at Wipro,...

Apple apologizes for iPad Pro ad ‘Crush’ following criticism from Ad Age

In Short:Apple apologized for a controversial iPad Pro ad showing creativity being crushed. They admitted to missing the mark and stated their goal is...

L&T considering acquisitions to expand semiconductor business

In Short:Larsen & Toubro (L&T) is looking to grow its new semiconductor business through acquisitions of companies with chip design projects. R Shankar Raman,...

HPCL reports 25% drop in Q4 net profit, declares 1:2 bonus issue

In Short:Hindustan Petroleum Corporation Ltd (HPCL) reported a 25% drop in net profit for the March quarter due to lower refining margins. They announced...

Lam Research Corp. to grow semiconductor equipment supply chain in India

In Short:Lam Research Corporation, a Fortune 500 company, is planning to expand its semiconductor equipment supply chain to include India. The company is looking...

L&T reports ₹4,396 crore profit in Q4, up 10%

In Short:Larsen & Toubro (L&T) saw a 10% increase in net profit for the quarter ending March 31, 2024, reaching ₹4,396 crore. Total revenue...

trackNOW secures seed funding for fleet management platform

In Short:trackNOW, a fleet management and tracking solution company, secured seed funding from GI Ventures and BluSmart co-founder Anmol Jaggi as lead investors. The...

IGL Q4 net profit increases by 9% to ₹433 crore

In Short:IGL's net profit increased by 9% to ₹433 crore in Q4 FY24 due to higher sales, but fell by 9% sequentially. Consolidated total...

BPCL and HPCL to announce bonus share issue this week

In Short:Oil refining and fuel marketing companies BPCL and HPCL are thinking of giving their shareholders bonus shares. This means they are considering offering...

TI Clean Mobility secures ₹580 crore funding from GEF Capital Partners

In Short:TI Clean Mobility Pvt Ltd, a subsidiary of Murugappa Group, is raising ₹580 crore from GEF to fund its electric vehicle verticals. With...

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