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Company Updates

HCLTech reports ₹3,986 crore flat net profit in Q4 FY24

In Short:HCL Technologies reported a marginal increase in net profit for the fourth quarter, with a 7.11% increase in revenue. The company expects a...

Maruti Suzuki reports Q4 net profit increase of 47.8% to ₹3,877.8 cr

In Short:Maruti Suzuki India reported a 47.8% increase in net profit for the March quarter, reaching ₹3,877.8 crore. The car maker achieved a total...

Flashaid secures $2.5 mn funding from Piper Serica Angel Fund and SOSV

In Short:Healthcare and Insurtech company Flashaid has secured $2.5 million in funding led by Piper Serica Angel Fund and SOSV. They plan to use...

Tata Steel to invest £1.25bn in modern electric arc furnace at Port Talbot

In Short:Tata Steel will invest 1.25 billion pounds to build a new furnace in Port Talbot, closing existing heavy assets. A voluntary redundancy process...

LTIMindtree focuses on rebounding in Q1, predicts diversified growth for FY25.

In Short:LTIMindtree, an IT firm, is optimistic about a strong comeback in Q1 FY25 after a profit decline in Q4. The company faced challenges...

Hyundai Group CEO evaluates India expansion, holds first townhall outside Korea

In Short:Hyundai Motor Group's CEO visited India to review long-term plans and expand production capacity for electric vehicles. They held a town hall meeting...

Hinduja Group may request RBI extension for RCap transfer to IIHL

In Short:Hinduja Group's IIHL is asking for a six-month extension from the RBI to take control of Reliance Capital. Parts of Reliance Capital will...

Government urges states to sell excess power in the market

In Short:As temperature rises, there is a higher need for electricity. Power Ministry has asked States to ensure power generating companies offer extra power...

Gruner Renewable Energy secures ₹1,500 Cr projects for CBG plants

In Short:Gruner Renewable Energy has won projects worth ₹1,500 crore for Compressed Biogas plants in its first year. The projects will produce over 88,000...

Dr Reddy’s recalls 6 lots of Sapropterin Dihydrochloride Powder due to quality concerns

In Short:Dr. Reddy’s Laboratories is recalling Sapropterin Dihydrochloride Powder due to discoloration, which may decrease its effectiveness in reducing blood phenylalanine levels. Elevated phenylalanine...

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