Union Minister for Road Transport and Highways, Shri Nitin Gadkari, urged all stakeholders to actively support the Vehicle Scrapping Policy during a Stakeholder Consultation held in New Delhi. He emphasized that this policy is mutually beneficial for everyone involved. Shri Gadkari highlighted several initiatives undertaken by the Ministry to stimulate demand for vehicles, including the …
KPI Green Energy has been granted a Letter of Intent (LoI) for a wind solar hybrid power project with a total capacity of 145.20 MW, comprising 145.20 MW of wind power and 50 MW of solar power. This significant project is awarded by Ayana Renewable Power Four, a company based in Bangalore. The project’s designated …
HDFC Q4 Results 2022 – Net Profits HDFC, a housing financing company, reported a 16 percent increase in profit after tax (PAT) to Rs 3,700 crore in the March 2022 quarter, up from Rs 3,180 crore the previous quarter. Its net interest income (NII) climbed by 14% to Rs 4,601 crore from Rs 4,027 crore …
Infosys Results In the quarter ending March, Infosys, India’s second-largest IT services business, is expected to report a 15-20 percent increase in consolidated profit after tax and a 24 percent increase in consolidated revenue. When the Bengaluru-based business announces its results on April 13, analysts predict a profit of Rs 5,950 crore on sales of …
One of India’s largest IT companies, Tata Consultancy Services, announced its profit after tax in the fourth quarter ended March 2022 on 11 April 2022. It showed a drastic improvement from last year’s net profit, which was Rs. 9,246 crores. The total revenue of TCS increased by 16%. Simultaneously, the banking and finance segment of …
Shyam Metalics and Energy Limited, a prominent and leading integrated metal-producing company, has made a significant announcement regarding its entry into energy storage space. As detailed in the official report, the company officially announced its entry into the energy storage sector with battery-grade aluminium foil, a critical component in lithium-ion cells. The company is gearing …
Alkem ranks among the top five pharmaceutical companies in India, boasting a workforce of over 17,000 employees and a global presence with affiliates in the USA, Australia, UK, Germany, and various other emerging markets. Alkem is a prominent player in the anti-infective market, distinguished by its clinical development expertise and a well-established commercial infrastructure. Furthermore, …
According to the Indian Private Equity and Venture Capital Association-Earnest and Young (IVCA-EY) monthly Private Equity and Venture Capital report for August 2023, it was noted that there were investments totalling USD 5.2 billion in 67 deals during the month. This represents 127% higher than the investments made in August 2022 and 18% higher than …
In the initial three weeks of September, Indian equities saw a withdrawal of more than Rs 10,000 crore by Foreign Portfolio Investors (FPIs), primarily influenced by increasing US interest rates, concerns about a potential recession, and the perception of overvaluation in domestic stocks. Back-to-back six months of buying have come to a halt as FPIs …
In a groundbreaking move, the Telecom Regulatory Authority of India (TRAI) released a Consultation Paper on September 22, 2023, titled ‘Encouraging R&D in Telecom, Broadcasting, and IT (ICT) Sectors.’ This momentous initiative aims to pave the way for a robust ecosystem that nurtures Research and Development (R&D) in India’s ICT sector. It envisions a landscape …
