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Showing posts with the label Business Moneycontrol Business News

LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,143.1 crore from Moneycontrol Business News https://ift.tt/2YPqWAl

WeWork Global in talks to sell entire 27% stake in WeWork India

Bengaluru-based real estate firm Embassy Group, which holds the remaining 73 per cent stake in WeWork India, might also dilute some shareholdings to raise funds, they added. from Moneycontrol Business News https://ift.tt/CeUr7Zc

Bajaj Auto appoints Abraham Joseph as MD of EV arm Chetak Technology

As part of the strategy to accelerate technological innovation and further strengthen its position in existing and emerging mobility segments, the company also said Ramtilak Ananthan has been named as Chief Technology Officer of Bajaj Auto Ltd (BAL). from Moneycontrol Business News https://ift.tt/OAKqNje

RIL’s stellar Q4 performance delights street, spurs brokerages to raise target price

Reliance Industries strength lies in its ability to build businesses on a global scale and execute complex, time-critical, and capital-intensive projects, said Nuvama. from Moneycontrol Business News https://www.moneycontrol.com/news/business/ril’s-stellar-q4-performance-delights-street-spurs-brokerages-to-raise-target-price_17530851.html

Tata Consumer Q4 preview: Fastest revenue growth among peers, margin expansion on cards

Tata Consumer revenue will is expected to grow 4.8 percent on-year to Rs 3,989 crore, an polls of brokerages has said from Moneycontrol Business News https://ift.tt/35bJpC1

Zydus Lifesciences launches generic drug for overactive bladder in US market

The company has launched Mirabegron extended-release tablets in strength of 25 mg in the US market after having received final approval from the US Food and Drug Administration (USFDA), Zydus Lifesciences said in a regulatory filing. from Moneycontrol Business News https://ift.tt/O8Q6rud

Wipro guides for revenue of (-) 1.5% to 0.5% in Q1FY25

CFO Aparna Iyer said it is a tough macroeconomic environment and clients are going through a very challenging time. from Moneycontrol Business News https://ift.tt/oKB3Ipm

Wipro’s consulting business Capco sees “green shoots”

Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6% from Moneycontrol Business News https://www.moneycontrol.com/news/business/wipro’s-consulting-business-capco-sees-“green-shoots”_17529591.html

Bajaj#39;s ramp up plan for Bajaj e-autos: One store addition every two days

Bajaj Auto#39;s three wheeler market segment grew to 78 percent in FY24 from Moneycontrol Business News https://ift.tt/13cVH2K

Domestic industry to grow 7-8% but Bajaj will race ahead faster, says a confident management

The home-grown Pulsar maker also announced that it has now received production linked incentive (PLI) certificates for all five of its electric three wheeler models, and recently for both of its electric two-wheeler Chetak models. from Moneycontrol Business News https://ift.tt/FeEh7sR

USFDA issues Form 483 with five inspectional observations to Marksans Pharma#39;s Goa unit

The US Food and Drug Administration (USFDA) had conducted a routine current Good Manufacturing Practices (cGMP) inspection at the manufacturing facility from April 9-17, 2024, the company said in a regulatory filing. from Moneycontrol Business News https://ift.tt/2jyo5nr

Tesla#39;s Elon Musk likely to unveil $2-$3 billion India investment during visit

Elon Musk will meet Modi on Monday during his India trip, when the billionaire is expected to unveil his plans to enter the world#39;s third-largest auto market where electric car adoption is still in its infancy. from Moneycontrol Business News https://ift.tt/6LBqOsh

AI computing is on pace to consume more energy than India, Arm says

By 2030, the world’s data centers are on course to use more electricity than India, the world’s most populous country, Haas said. Finding ways to head off that projected tripling of energy use is paramount if artificial intelligence is going to achieve its promise, he said. from Moneycontrol Business News https://ift.tt/6LUBrQe

Bengaluru company offers #39;forest bathing#39; experience for Rs 1,500 - at Cubbon Park. Viral post

Trove Experiences has ignited a firestorm of debate with its Rs 1,500 forest bathing excursions - at Cubbon park in Bengaluru. from Moneycontrol Business News https://ift.tt/pBisRMC

MG Motor India looks to expand network in tier III, IV to drive next phase of growth

With JSW Group coming in as an investor and becoming a joint venture partner with China#39;s SAIC, last month the company announced plans to invest Rs 5,000 crore and had set a target of selling one million units of passenger electric vehicles in India by 2030 when the total market is expected to be 10 million units annually. from Moneycontrol Business News https://ift.tt/oCLsGD9

Wipro Q4FY24 earnings preview: Top five factors at play

Wipro is expected to post revenue of Rs 22,281 crores for Q4FY24, increasing marginally by 0.3 sequentially and declining over 4 percent YoY. from Moneycontrol Business News https://ift.tt/I2CphGB

How Mauritius slipped down the ranks of nations sending highest FPI India’s way

The year 2013 marked a turning point, when FPI assets from the United States soared past that from Mauritius for the first time at Rs 3.59 lakh crore. from Moneycontrol Business News https://www.moneycontrol.com/news/business/how-mauritius-slipped-downranksnations-sending-highest-fpi-india’s-way_17524871.html

Infosys Q4FY24 earnings preview: Top five factors at play

Infosys is expected to post revenue of Rs 38,413 crore in Q4, implying a 2.6% YoY increase but a sequential decline of 1.1%. Net profit is estimated to be flat both sequentially and YoY at Rs 6,128 crore. from Moneycontrol Business News https://ift.tt/sXOAwdu

Carlyle picks JPMorgan and Kotak to help arrange Hexaware IPO

The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people said, asking not to be identified as the deliberations are private. from Moneycontrol Business News https://ift.tt/z1NHIvl

Nepalese billionaire who made his fortune making instant noodles aims to list India unit by 2026

The listing plans for the firm, which has a 28% share in the local instant noodles market and an annual revenue of 8 billion rupees ($96.2 million), are still in the early stages of discussion, he added. It aims to grow its revenue by 15% this year. from Moneycontrol Business News https://ift.tt/ahbJL5V