On July 18, 2024, Tanla Platforms Limited, India’s leading CPaaS provider, reported its financial results for the first quarter of FY25. Key Financial Highlights The company achieved a revenue of ₹1,002 crore, reflecting a 10.0% year-over-year increase. Gross profit rose by 11.7% to ₹269 crore, with a gross margin of 26.9%. EBITDA grew by 3.5% …
K.P. Energy Limited announced the successful commissioning of an additional 23.1MW (Phase-X) of its ISTS-connected Wind Power Project at the Sidhpur site in Devbhoomi Dwarka. This new phase comprises 11 Wind Turbine Generators (WTGs) of 2.1MW each. This achievement is part of the larger 250.8MW ISTS-connected Wind Power Project awarded to Apraava Energy Private Limited …
Godrej Consumer Products Ltd (GCPL) has unveiled ambitious plans to streamline its global manufacturing operations, aiming to shrink its footprint by 40% by FY 2026. This initiative is part of a broader strategy to optimise costs, enhance profitability, and reinforce its commitment to manufacturing in India. Currently, GCPL operates 36 manufacturing facilities globally, with 14 …
Zee Entertainment Enterprises Limited (Zee) has received a significant financial boost with the board’s approval to raise ₹1,997 crore (approximately $239 million) through foreign currency convertible bonds (FCCBs). This strategic move strengthens Zee’s financial position and unlocks fresh capital for potential growth initiatives. The Investment Details Investors: Resonance Opportunities Fund, St. John’s Wood Fund Limited, …
Bajaj Auto, a leading Indian two-wheeler manufacturer, projects a positive outlook for the industry. The company anticipates a growth of 6-8% in the current fiscal year, potentially reaching the peak sales figures achieved in 2018-19 by the fourth quarter or early next year. Market Poised for Rebound Rakesh Sharma, Executive Director at Bajaj Auto, highlights …
L&T Finance Limited (LTF), a leading Indian NBFC, reported strong financial results for the first quarter of FY2025 (ending June 30, 2024). This performance highlights the company’s commitment to its “Lakshya 2026” strategy, which aims to transform LTF into a top-tier, digitally-driven, and customer-centric retail financier. Extensive Network and Deep Market Penetration LTF boasts a …
Hinduja Tech Limited (HT), a subsidiary of Ashok Leyland and a major player in mobility-focused engineering R&D services, announced a strategic move today. The company signed a definitive agreement to acquire the TECOSIM Group, a prominent engineering services provider based in Germany. This acquisition marks a significant step forward for Hinduja Tech, solidifying its position …
On July 17, 2024, Maruti Suzuki India Limited, through an exchange filing, announced that Suzuki Motor Corporation is committed to achieving a carbon-neutral world while preserving the joy of transportation. Their strategy focuses on minimising energy consumption throughout a vehicle’s lifecycle, from manufacturing and use to recycling. Championing Lightweight and Safety Suzuki’s expertise in compact, …
During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. IFCI Ltd IFCI Ltd is currently trading at Rs 84.59, up from its previous close of Rs 83.95, showing a slight increase of 0.76%. The stock hit a high of Rs 91.4 today, …
On Thursday, the market exhibited muted sentiment as benchmark indices concluded the trading day on a negative note. The Sensex dipped by 0.14 percent to 80,039.80, while the Nifty dropped by 0.03 percent to 24,406.10. The broader market also declined, with the Nifty Mid-cap closing down by 0.23 percent and the Nifty Small-cap plunging by …
