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

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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.

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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).

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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

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Arcelormittal Nippon Steel India in talks for $1 billion loan

At least three lenders including State Bank of India, ICICI Bank Ltd. and Axis Bank Ltd. would be participating in the syndicated deal, with proceeds to be used for capital expenditure, said the people who asked not to be identified for discussing private information.

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Lupin launches generic drug in US market

The Mumbai-based drug maker has introduced the medication after receiving an approval from the US Food and Drug Administration (USFDA), Lupin said in a statement.

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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.

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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.

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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

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Bajaj Auto plans 6 new launches in next 6 months; bridges gap in #39;upper-half#39; from 10% to 2%

The company is also planning to launch the world#39;s first CNG bike, which will halve the commuting expenses

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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.

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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.

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Capital Small Finance Bank: Is it worthy of attention after correction?

There are a few strong investment rationales that make us revisit the investment case of Capital SFB now

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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.

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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.

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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.

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Vodafone Idea raises Rs 5400 crore from nearly 60 anchor investors

The third-ranked telecom operator plans to raise Rs 18,000 crore through India’s largest follow-on public offering, which will open on Thursday, April 18.

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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.

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Kotak sees India index inclusion improving liquidity for banks

The anticipated entry of overseas funds into India’s $1.2 trillion government debt market presents an opportunity for lenders including Kotak to sell part of their bond investments to these new buyers, according to Joint Managing Director K.V.S Manian.

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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

Not perturbed by conglomerates entering paints business; not an easy sector to crack: Asian Paints CEO

With a share of over 50 percent, Asian Paints leads the market by a distance, followed by Berger Paints with 18%, Kansai Nerolac Paints with 15%, and AkzoNobel (Dulux) with 7%.

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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.

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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.

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Market valuation of 7 most valued firms climb Rs 59,404 crore; Bharti Airtel, ICICI Bank lead gainers

In the ranking of top-10 firms, Reliance Industries continued to retain the title of the most valued company, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, ITC and Hindustan Unilever.

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Difficult to call when growth will return, says TCS CEO Krithivasan

Krithivasan said TCS will outperform in FY25 compared to FY24, because he expects major markets will turnaround very soon

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TCS full-year net headcount declines first time in 19 years; ends FY24 with 601,546 employees

Its headcount has declined by 13,249 employees YoY during the financial year 2023-24

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TCS full-year net headcount declines for first time in 19 years; ends FY24 with 601,546 employees

Its headcount has declined by 13,249 employees YoY during the financial year 2023-24

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Apple#39;s India iPhone output hits $14 billion in 2024

Foxconn assembled nearly 67 percent while Pegatron Corp made about 17 percent of the India-made iPhones.

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Apple#39;s India iPhone output hits $14 billion

Apple has assembled $14 billion worth of iPhones in India in last fiscal year, making as much as 14% or about 1 in 7 of its marquee devices from India, Bloomberg News reported on Wednesday, citing people familiar with the matter.

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Air India dealt blow as aircraft technicians plan strike

The unrest among aviation workers risks thwarting India’s air travel boom. Pilots and aircraft engineers are crucial to support the country’s rapid fleet expansion after IndiGo, Air India and Akasa placed orders for more than 1,100 aircraft combined.

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Air India dealt blow as aircraft technicians plan strike

The unrest among aviation workers risks thwarting India’s air travel boom. Pilots and aircraft engineers are crucial to support the country’s rapid fleet expansion after IndiGo, Air India and Akasa placed orders for more than 1,100 aircraft combined.

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Strides Pharma gets USFDA nod for antidepressant medication

The company#39;s Singapore-based step-down wholly-owned subsidiary, Strides Pharma Global Pte Ltd, has received approval for Fluoxetine Tabs (10 and 20 mg) from the US Food Drug Administration (USFDA), the drug firm said in a regulatory filing.

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Biocon leads India push into weight loss drugs as patents lapse

The Bengaluru-based firm has scored an early win among its peers with the UK approval for the first generic version of liraglutide injectible, which is losing patent protection in November.

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Vishal Mega Mart said to pick Kotak, ICICI for mega IPO

Vishal Mega Mart chose Kotak Mahindra Bank Ltd. and ICICI Bank Ltd to help arrange a share sale as early as in the fourth quarter of this year, the people said, asking not to be identified because the deliberations are private.

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Four of top 10 valued firms add Rs 1.71 lakh crore to mcap; HDFC Bank, LIC lead gainers

Reliance Industries remained the most valued domestic firm by market valuation followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, LIC, Infosys, ITC and Hindustan Unilever.

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Livspace says India business becomes #39;cash flow positive#39; on robust revenue growth

The company#39;s EBITDA losses narrowed to 95.35 million Singapore dollars from 96.86 million Singapore dollars during the period under review.

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US and China plan talks on economic growth including manufacturing overcapacity#39; issue, says US Treasury Secretary Yellen

The two sides will hold more talks and create two new economic groups dedicated to growth in domestic and global economies as well as anti-money laundering, according to a U.S. statement about the creation of the groups.

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Telangana govt in talks with Tesla to set up electric car plant

In a message on X Sridhar Babu said since December 2023 the state government has been actively focusing on major investment opportunities by global giants, and as part of its focus, Tesla#39;s planned investment initiatives in India are also being tracked.

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Cooling period for independent directors: Is there a loophole?

Government and regulators should be on the alert. A 3-year cooling period after two 5-year terms for independent directors will take place in 2024. But companies are searching for a way out by @JayantThakur

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Vedanta#39;s aluminium output rises 4% in Q4

The company#39;s aluminium production was 5,74,000 tonne in the corresponding quarter of FY23, Vedanta said in a filing to BSE.

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Senior level job roles to see average 20% pay hike on buoyant economic sentiments: Report

According to the Michael Page India Salary Guide 2024, there is a resurgence in hiring within traditional industries, particularly evident in the continued high demand for manufacturing and operations roles.

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VIP Industries: Has the recent rally capped the upside?

With a new management in place, the company is gearing up to regain market share riding on the strong demand for luggage

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PAG-backed Nuvama Group eyes middle east for $400 million

The Mumbai-based firm is targeting 40 billion rupees ($479 million) for its latest Nuvama Crossover IV fund and expects to raise at least $300 million from family offices and rich individuals in the Middle East, according to Anshu Kapoor, president and head of the business.

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Malaysia Airlines, IndiGo sign initial pact for codeshare partnership

Moreover, a cooperation agreement between the two airlines will enable both carriers to provide customers with more options and flexibility for seamless travel between Malaysia and India, IndiGo said in a statement.

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Sony Pictures Networks India seeks to increase subscriber base, revenue in FY25: MD CEO N P Singh

The company will be taking experiences and lessons from FY24, as stepping stones for what lies ahead, he wrote to employees in an internal newsletter.

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Adani Green Energy becomes India#39;s first company with 10,000 MW renewable energy capacity

The company now has an operating portfolio of 10,934 MW, largest in India.

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Audi India reports 33% rise in retail sales in FY24

The German automaker had sold 5,275 units in the country in 2022-23 financial year.

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Audi India reports 33% rise in retail sales in FY24

The German automaker had sold 5,275 units in the country in 2022-23 financial year.

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