On August 7, 2024, Altair and L&T Technology Services collaborated to create a digital twin centre of excellence (CoE). This new CoE aims to boost digital transformation by offering advanced digital twin solutions to clients in the mobility, hi-tech, and sustainability sectors. The CoE will provide expertise in AI-driven engineering, innovation labs for new simulations, …
GRP Limited has announced its financial results for Q1 FY 2025, showing a 27% increase in total income. For the quarter ending June 30, 2024, total income reached ₹1,267 million, up from ₹999 million during the same period last year. The company also reported a significant 122% increase in profit after tax (PAT), rising to …
Star Health and Allied Insurance Company Limited announced that it has achieved a significant milestone, setting new benchmarks in the health insurance industry. The company has announced that it has processed over 60 claims and conducted more than 100 claim transactions through the National Health Claims Exchange (NHCX) system, one of the highest figures reported …
Coal India Limited (CIL) and GAIL (India) Limited have entered into a strategic partnership to establish a coal-to-synthetic natural gas (SNG) plant in the Raniganj area of West Bengal. This collaboration marks a significant step towards India’s energy independence and aligns with the National Coal Gasification Mission. The plant, utilising advanced surface coal gasification technology, …
TVS Motor Chairman Ralf Speth expressed optimism about the domestic two-wheeler industry’s growth trajectory for the current fiscal year, driven by factors such as normal rainfall and a resurgence in rural demand. The company anticipates a gradual recovery in export markets, particularly in Africa, Latin America, ASEAN, and the Middle East. Speth highlighted the company’s …
Bata India Limited announced its financial results for the quarter ended June 30, 2024. While the company reported a net profit of ₹1,744 million, revenue experienced a slight decline compared to the previous year. The company attributed the results to a combination of factors. A one-time gain of ₹1,340 million from the sale of the …
JM Financial Limited announced robust financial results for the first quarter ended June 30, 2024, reflecting growth across key business segments. Key Highlights Strong growth in private wealth and PMS AUM Expansion of retail mortgage lending business Significant increase in platform AWS business Progress in alternative and distressed credit segment Wholesale Credit Business The company …
On August 06, 2024, Fortis Healthcare Ltd, a top healthcare provider in India, released its unaudited financial results for the quarter ending June 30, 2024. As of June 30, 2024, Fortis Healthcare Ltd’s net debt was ₹308 crore, with a Net Debt to EBITDA ratio of 0.22x, down from 0.35x a year earlier. The Net …
On August 06, 2024, Lupin Limited, a leading pharmaceutical company, announced its financial results for the quarter ending June 30, 2024. Lupin Limited reported a gross profit of ₹37,697 million, up from ₹33,213 million in Q4 FY2024, with a gross margin of 68.4%. Personnel costs amounted to ₹9,710 million, or 17.6% of sales, compared to …
IIFL Finance reported a decline in net profit after tax by 28% YoY to ₹338 crore for Q1 FY25. PBT also decreased by 29% YoY to ₹436 crore. While the company witnessed growth in key segments like home loans and loans against property, the overall performance was impacted by factors such as a decline in …
