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Thursday, September 19, 2024
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CATEGORY

Company Updates

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...

Arvind Ltd’s Q4 revenue rises 10% year-on-year to ₹2,075 crore

In Short:Arvind Limited reported its Q4 FY24 financial results showing a 10% revenue growth to ₹2,075 crore. The EBITDA also increased by 27% to...

Greaves eScooter, Revolt still in queue for FAME scheme recertification.

In Short:Revolt Motors and Greaves Electric Mobility face challenges availing subsidies under FAME-II scheme in India, impacting customer discounts. OEMs need to meet guidelines,...

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