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The company expects to win around 25 percent of all Indian Railways tenders for Kavach systems; sees interim Budget giving thrust on capex for developing railway infrastructure. from Moneycontrol Business News https://www.moneycontrol.com/news/business/mc-interview-|-kec-intl-eyeing-more-solar-epc-projects-as-risk-for-contractors-has-reduced-ceo-vimal-kejriwal_17423541.html

Foreign lessors, including an Irish subsidiary of U.S.-based ACG, were blocked from recovering jets caught up in the bankruptcy of budget carrier Go First last year and many are still embroiled in a legal battle to recover their assets. from Moneycontrol Business News https://ift.tt/XwqHN9i

Analysts at the Japanese brokerage, Nomura, expect the government to pencil in a 16.5% rise in capex outlay in FY25 (compared with 36% budgeted in FY24), which should keep central government capex elevated at 3.4% of GDP from Moneycontrol Business News https://ift.tt/VtDNrML

Max Healthcare Q3 earnings: Revenue rose 17 percent and operational performance also improved from the year-ago quarter from Moneycontrol Business News https://ift.tt/50mTIJW

Ambuja Cement Q3 result: Revenue rose 2.8 percent to Rs 8,128 .80 crore. from Moneycontrol Business News https://ift.tt/f8SpKE3

This newly established office, which further strengthens the company#39;s global footprint, including in Southeast Asia, will offer enhanced trans-shipment solutions to its clients in Southeast Asia and the Australian peninsula, DTDC said in a statement. from Moneycontrol Business News https://ift.tt/KB13IFJ

The LT stock has zoomed 71 percent in the last one year, outperforming benchmark Nifty 50 which has risen 21 percent during this period. from Moneycontrol Business News https://ift.tt/9MPjZFu

An uptick in the RoA will be gradual as the bank continues to invest for the future from Moneycontrol Business News https://ift.tt/Qp3Gfws

ITC reported standalone net profit of Rs 5,572 crore for the December quarter, registering a growth of 11 percent from the year-ago period from Moneycontrol Business News https://ift.tt/owuHzC5

The 48-year-old even took out a loan to buy more of the notes to get a better return on his investment. from Moneycontrol Business News https://www.moneycontrol.com/news/business/credit-suisse-at1-bond-fallout-hits-india’s-most-valuable-bank_17419551.html

Japan#39;s Sony terminated a $10 billion merger deal with the Indian broadcaster last week after two years of negotiations, seeking $90 million in termination fees from Zee for alleged breaches of the terms of the agreement, which Zee has denied. from Moneycontrol Business News https://ift.tt/jN93pXA

Mas Financial is a consistent performer and is poised to deliver a predictable long-term return from Moneycontrol Business News https://www.moneycontrol.com/news/business/mas-financial-q3-fy24-–-a-steady-long-term-compounder_17417581.html

Domestic mutual fund investor solutions business, which contributed 69 percent to topline, increased 17 percent YoY to Rs 151.5 crore in Q3FY24, KFin Technologies said. from Moneycontrol Business News https://ift.tt/jov3ec2

As regards asset quality, gross Non-Performing Assets (NPAs) of the bank declined to 3.04 per cent of the gross loans by the end of December 2023 from 3.58 per cent a year ago. from Moneycontrol Business News https://ift.tt/DeLWcNE

New Delhi, Jan 27 Realty firm Macrotech Developers Ltd on Saturday reported a 25 per cent increase in its consolidated net profit to Rs 505 crore for t.. from Moneycontrol Business News https://ift.tt/D9azo5M

China leads the region, with investment expected to grow by more than 160% to $2.1 billion, shows the finding from the research arm of Infosys. from Moneycontrol Business News https://www.moneycontrol.com/news/business/spendinggen-aiasia-pacific-region-to-triple-to-3634-bn2024-says infosys-research_17416521.html

The survey will be crucial in deciding who among the residents of the Dharavi slum will be eligible to receive a free home in the area that is being redeveloped. from Moneycontrol Business News https://ift.tt/neX0pJl

According to the report, Flipkart#39;s user base grew 21 per cent year-on-year (YoY), Meesho accelerated at 32 per cent while Amazon lagged at 13 per cent user growth primarily due to relative premium offerings as compared to peers. from Moneycontrol Business News https://ift.tt/kZJqhpO

JSW Gecko, promoted by its founders led by Jaskirat Singh Nagra, has secured an order worth Rs 250 crore from the defence ministry for the manufacture and supply of 96 Specialist Mobility Vehicles branded as ATOR N1200, according to a release. from Moneycontrol Business News https://ift.tt/6LwUc3i

In Q3FY24, the sale of three-wheelers fell to 38,000 units from 43,000 units in the year-ago period from Moneycontrol Business News https://ift.tt/wMeLCk7

The total number of shares gifted accounts for 0.2 percent of the share capital of the IT services firm from Moneycontrol Business News https://ift.tt/qb8inLQ

The build-own-operate project is part of a 2GW bid issued by the SECI to develop Inter State Transmission System (ISTS)-connected wind-solar hybrid power projects throughout India, a company statement said. from Moneycontrol Business News https://ift.tt/7CnIbJv

The letter alleges that efforts are ongoing to scuttle the merger with Sony. Chandra wrote in his letter that while he is not concerned about the probe by market regulator SEBI, but the timing of the new notice. from Moneycontrol Business News https://ift.tt/P1pLEX2

Given the traction in order inflows, the company is confident of growing in the leaders quadrant from Moneycontrol Business News https://www.moneycontrol.com/news/business/persistent-systems-q3-fy24-–-industry-leading-performance-atsteep-valuation_17411261.html

The company did not disclose the value of orders. However, according to company, the value of significant order is between Rs 1,000 crore and Rs 2,500 crore. from Moneycontrol Business News https://ift.tt/EQNIL8D

The growth in revenue will be aided by a better product mix in favour of premium vehicles, which will lead to a higher average selling price, brokerages have said from Moneycontrol Business News https://ift.tt/s3VIPA6

The company’s total income also fell to Rs 1,082.85 crore in the third quarter of the current fiscal from Rs 1,651.50 crore a year ago, according to a regulatory filing. from Moneycontrol Business News https://ift.tt/QsKMyfr

The Japanese entertainment giant sent a termination letter to Zee early on Monday and is expected to disclose it to the exchange later, said people familiar with the plan, who asked not to be identified as the announcement is not yet public. from Moneycontrol Business News https://ift.tt/ZioXk6z

The Japanese entertainment giant sent a termination letter to Zee early on Monday and is expected to disclose it to the exchange later, said people familiar with the plan, who asked not to be identified as the announcement is not yet public. from Moneycontrol Business News https://ift.tt/MgQ4357

JK Cement’s total expenses rose 7.5 per cent in the third quarter of the ongoing fiscal to Rs 2,564.29 crore. from Moneycontrol Business News https://ift.tt/R692iW5

Kotecha, who is the Chief Commercial Officer for PepsiCo in Africa, Middle East, and South Asia (AMESA) will assume the role of CEO for PepsiCo India in Sheikh#39;s place, the company said in a statement. from Moneycontrol Business News https://ift.tt/m5CkBZx

The two officials are Dorothy Attwood, senior vice president of Global Legal, Policy and Compliance for The Walt Disney Company, and Amarjyoti (Amar) Barua, Executive Vice President (EVP) of Group Strategy at the Mahindra Group to the Board of Directors, the US India Strategic and Partnership Forum (USISPF) said in an announcement. from Moneycontrol Business News https://ift.tt/Rr43ezZ

The Board, in its meeting on Friday, also approved the appointment of Arjun Kumar as a non-executive director in the category of an Independent Director of the company for a term of five years with effect from January 19, 2024. from Moneycontrol Business News https://ift.tt/rKHUsMl

The country#39;s second-largest carmaker also announced that it will invest Rs 6,000 crore in Maharashtra as part of an agreement inked between the company and the state government in Davos. from Moneycontrol Business News https://ift.tt/4TDKcyO

The Memorandum of Understanding (MoU), signed under the US-India Low Emissions Gas Task Force (LEGT), would provide MNGL and Heath to jointly identify opportunities in the areas of emissions abatement, underground utility damage prevention, and waste heat recovery, MNGL said in a statement. from Moneycontrol Business News https://ift.tt/NC7Kz91

Suntory is looking for local partners in India to expand its drinks and nutrition businesses, he said, although in China, which he acknowledged is still an attractive market, he cannot justify sending in international staff for an investment push in the current environment. from Moneycontrol Business News https://ift.tt/tXol6Im

The wholly owned subsidiary of Tata Sons Pvt Ltd develops battery cells, with factories in India and the U.K. Its facilities are designed to be powered by clean energy, according to the company’s website. from Moneycontrol Business News https://ift.tt/RJ6zMWP

Sun Pharma#39;s offer amounts to about $347.8 million, as per Reuters calculations, with the per share value at a 4.2% premium to Taro#39;s close on Wednesday. from Moneycontrol Business News https://ift.tt/YK9io58

Issues which will figure in the deliberations include ways to further promote sustainable growth of the sector, risks, domestic capital mobilisation and position India on the global startup landscape, the official said. from Moneycontrol Business News https://ift.tt/cViMW16

Why is Musk suddenly tweeting gossamer-veiled threats to take his genius elsewhere? Possible explanations run the gamut. At a basic level, he dumped a lot of Tesla stock during 2022 when he was buying Twitter Inc and it is generally agreed that this is not an investment that has performed well. from Moneycontrol Business News https://www.moneycontrol.com/news/business/elon-musk’s-threat-to-tesla-is-countered-by-reality_17401931.html

The deal, valued at Rs 20 crore, encompasses a diverse range of applications, spanning across e-commerce and fast-moving consumer goods and durables segments, OSM said in a statement. from Moneycontrol Business News https://ift.tt/zMIRXjQ

The company is consciously pivoting the book towards high-yielding products from Moneycontrol Business News https://www.moneycontrol.com/news/business/fedbank-financial-–playsteady-earnings_17400311.html

The rating agency raised its long-term issuer credit rating on Vedanta Resources from "SD," or "selective default," to "CCC ", indicating the company is currently vulnerable and depends on favourable conditions to meet its financial commitments. from Moneycontrol Business News https://ift.tt/CGsJ9Kb

Here to attend the World Economic Forum Annual Meeting, Godrej also said India can achieve its net-zero goals ahead of the deadline as the country is moving in the right direction on climate related matters. from Moneycontrol Business News https://ift.tt/H51j6KL

The company highlighted that sales this year were lower-than-expected in the non-FMCG segment from Moneycontrol Business News https://ift.tt/3IerXQY

The company won large deals worth $0.9 billion in Q3FY24, lower than $1.28 billion it won in the last quarter. from Moneycontrol Business News https://ift.tt/76RZVrQ

Comparatively, these four companies had reported a decline in workforce by 21,213 in the second quarter from Moneycontrol Business News https://www.moneycontrol.com/news/business/headcountindia’s-top-3-it-firms-drop-by-over-16000q3-hcl-tech-bucks-trend_17398051.html

CEO Delaporte said Wipro is not destabilised by these decisions because "we have the pipeline" from Moneycontrol Business News https://ift.tt/m1V9OXT

Order bookings impart improved visibility for FY25 and earnings growth expected to be in mid-teens from Moneycontrol Business News https://www.moneycontrol.com/news/business/infosys-q3-fy24-–-is-itvalue-buy-now_17396441.html

The brokerage firm reported a profit after tax of Rs 15.1 crore in Q3FY24, which is higher by 37 percent YoY, but down 21 percent on a sequential basis. from Moneycontrol Business News https://ift.tt/mYjGBZy