Max Healthcare Institute Ltd. (MHIL), one of India’s largest private sector healthcare services companies, reported its highest-ever quarterly revenue and operating EBITDA for the fourth quarter of the fiscal year ending March 31, 2024. The network’s gross revenue surged to Rs 1,890 crore, reflecting a year-on-year growth of 15%. Operating EBITDA grew in tandem, reaching …
L&T in the Global Construction Arena Larsen & Toubro (L&T), an Indian multinational engaged in technology, engineering, construction, and financial services, has shown remarkable growth and resilience in the face of global economic volatility. With its revenue fluctuating between the fourth and seventh positions globally, L&T stands as a testament to India’s industrial proficiency. Sr. …
During Wednesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Irb Infrastructure Developers Ltd Irb Infrastructure Developers Ltd experienced a notable trading session today. The stock hit a high of Rs 74.4, with a significant traded volume of 125,754,588 shares. It is currently …
Sun Pharmaceutical Industries Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients (APIs) in more than 100 countries across the globe. It is the largest pharma company in India. The company has reported its Q4 FY 2023-24 earnings today. Q4 Performance of Sun Pharma …
On May 22, 2024, Intellect Design Arena Limited announced in an exchange filing the launch of the Intellect Digital Core (IDC) for Cooperative Banks in India. This comprehensive, enterprise-level banking technology solution comprises eMACH.ai, the world’s most extensive open finance platform crafted with ‘First Principles’. Leveraging the composable and contextual core banking technology utilised by …
JK Tyre & Industries, a prominent player in the Indian tire market, has announced plans to invest a significant sum of Rs.1400 crore over the next two years to increase its production capacity; the decision comes from the growing demand for truck, bus, and passenger car radial tires in the domestic market. Rs.1400 Cr Investment …
Yesterday, the combined market capitalization of companies listed on the Bombay Stock Exchange (BSE) surged past the unprecedented $5 trillion milestone. This significant milestone highlights India’s increasing importance in the global financial sphere. Record Highs and Fluctuations Despite closing with a slight decline, the Sensex exhibited resilience throughout the trading session. At its peak, it …
Vodafone Idea announced that its board has approved a plan to raise up to Rs.2,075 crore through a preferential share issue to Oriana Investments, an entity of the promoter Aditya Birla Group. This decision was conveyed via a regulatory filing, confirming the issuance of 139.54 crore equity shares to Oriana Investments Pte Limited. Share Issue …
On May 22, 2024, Mahindra & Mahindra Financial Services Limited (Mahindra Finance) informed the stock exchanges that the company had received a Certificate of Registration from the Insurance Regulatory and Development Authority of India (IRDAI) to act as a ‘Corporate Agent (Composite)’ under the Insurance Act, 1938. This licence will enable Mahindra Finance to provide …
About the Approval Cipla Limited, a leading pharmaceutical company, has secured final approval from the USFDA for its generic version of Somatuline Depot (lanreotide) Injection. This approval opens doors for Cipla to enter the lucrative US market for the treatment of Acromegaly and Gastroenteropancreatic Neuroendocrine Tumors (GEP-NETs), estimated at approximately USD 898 million annually. Cipla’s …
