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Tejas Networks Bags Prestigious Telecom Award for Excellence in Manufacturing

Tejas Networks Bags Prestigious Telecom Award for Excellence in Manufacturing

19 July 2024

About Award Tejas Networks, a leading Indian telecom and networking company, has been conferred the prestigious Pandit Deendayal Upadhyaya Telecom Excellence Award-2023. This recognition, presented by the Government of India, acknowledges Tejas Networks’ significant contributions in the field of ‘Telecom Equipment Research and Manufacturing.’ The award ceremony, held in New Delhi, saw Shri Jyotiraditya Scindia, …

Tata Communications Streamlines Operations with Strategic Investment in UK Subsidiary

Tata Communications Streamlines Operations with Strategic Investment in UK Subsidiary

19 July 2024

Tata Communications Limited, a leading global digital ecosystem enabler, has announced a strategic move to simplify its corporate structure. The company’s board of directors approved an investment in its wholly-owned subsidiary, Tata Communications (UK) Limited (TC UK). Simplifying for Efficiency This investment, valued at approximately $26.8 million (₹223.84 crore), will see Tata Communications directly acquire …

ONGC Videsh Strategic Expansion in Azerbaijan: A Major Acquisition

ONGC Videsh Strategic Expansion in Azerbaijan: A Major Acquisition

19 July 2024

Introduction ONGC Videsh Limited (OVL), a prominent player in the international oil and gas sector, has recently announced a significant acquisition. This move underscores the company’s commitment to enhancing India’s energy security by expanding its global asset portfolio. Let’s dive into the details of this acquisition and understand its implications. The Acquisition Deal ONGC Videsh …

Jubilant Pharmova Q1 FY25 Earnings Report: A Detailed Analysis

Jubilant Pharmova Q1 FY25 Earnings Report: A Detailed Analysis

19 July 2024

Jubilant Pharmova Limited has announced its financial results for the first quarter of FY25, showcasing significant growth across various segments. The company has maintained its growth momentum, achieved EBITDA margin expansion, and reduced its net debt/EBITDA ratio. Let’s delve into the key highlights and segmental performance. Financial Highlights Particulars Q1FY24 Q1FY25 YoY change Total Income …

L&T Technology Released Q1 Results: Secured Multi-Million Dollar Deals

L&T Technology Released Q1 Results: Secured Multi-Million Dollar Deals

19 July 2024

On July 18, 2024, L&T Technology Services Limited (LTTS), India’s leading pure-play engineering services company, announced its results for the first quarter ended June 30, 202 (Q1 FY2025) Financial Performance For Q1 FY2025, Revenue amounted to ₹24,619 million, reflecting a fall of 3.0% QoQ and growth of 7.0% YoY. It recorded an EBIT of ₹3,836 …

JSW Infrastructure Reports Strong Q1 FY2025 with Volume and Profit Growth

JSW Infrastructure Reports Strong Q1 FY2025 with Volume and Profit Growth

19 July 2024

JSW Infrastructure Limited, a leading Indian private port operator, delivered impressive results for the first quarter of FY2025 (Q1 ended June 30, 2024). Key Highlights: Cargo Volume Growth: JSW Infrastructure handled 27.8 million tonnes of cargo, representing a 9% increase year-on-year. This growth is attributed to: Acquired assets contributing incremental volumes. Increased capacity utilisation at …

TVS Motor’s £200 Million Plan for Norton Motorcycles

TVS Motor’s £200 Million Plan for Norton Motorcycles

19 July 2024

TVS Motor Company, commonly known as TVS, is an Indian multinational motorcycle manufacturer headquartered in Chennai. The company is well-known in India for bikes like Apache and Jupiter scooters. It is the third-largest motorcycle company in India by revenue, with yearly sales of three million units and an annual production capacity of over four million …

Gopal Snacks Reported a Fall of 14.3% in PAT During Q1 FY2025

Gopal Snacks Reported a Fall of 14.3% in PAT During Q1 FY2025

19 July 2024

Gopal Snacks Limited, a leading FMCG company in India known for its high-quality snack products, announced its results for the quarter ended 30th June 2024 (Q1 FY2025) Operational Highlights The company launched three new products during Q1 FY25: Kolapuri Bhadang (Namkeen), Sabudana Chivda (Namkeen), and Cristos Korean BBQ (Wafers) The Ghathiya and Wafers segments showcased …

Choice International Soars in Q1 FY2025: Strong Revenue and Profit Growth

Choice International Soars in Q1 FY2025: Strong Revenue and Profit Growth

19 July 2024

Choice International Limited, a leading Indian financial services company, delivered robust results for the first quarter of FY2025 (Q1 ended June 30, 2024). Financial Highlights Revenue: Surged 48% year-over-year (YoY) to ₹205.9 crore, demonstrating significant top-line growth. EBITDA: Increased 55% YoY to ₹58.2 crore, showcasing strong profitability. EBITDA Margin: Expanded to 28.27%, indicating efficient cost …

Coromandel International to Boost Stake to 93.23% in Coromandel Crop Protection Philippines

Coromandel International to Boost Stake to 93.23% in Coromandel Crop Protection Philippines

19 July 2024

Coromandel International Limited has announced a significant strategic investment involving the acquisition of additional equity in Coromandel Crop Protection Philippines Inc. (CCPP). The company has executed an agreement to subscribe to equity shares in CCPP, infusing USD 1,93,000 into CCPP. This investment will increase Coromandel International’s stake in CCPP from the current 40% to 93.23%, …

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