Power utility CESC Ltd on Monday posted a flat consolidated net profit of Rs 445 crore during the quarter ended March 31, 2023. Its profit in January-March 2022 was at Rs 445 crore, the company said in a BSE filing. The company's total income was at Rs 3,208 crore in the quarter, higher than Rs [...]
Tata Consultancy Services has expanded its partnership with Google Cloud for generative AI offerings, the company said on Monday. Under the partnership, TCS will leverage Google Cloud's generative AI services to design and deploy custom-tailored business solutions for the clients. "Our launch partnership with Google Cloud on generative AI enables us to rapidly create value [...]
Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) proposal to the lenders of its subsidiary Vidarbha Industries Power Ltd (VIPL) to settle its debt, sources aware of the matter said. As per the proposal, the company has offered to pay around Rs 1,200 crore in upfront cash to the lenders which include [...]
India's flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant IndianOil (IOC) for the potential acquisition of a 50 per cent stake in Tullow Oil Plc's USD 3.4 billion oilfield project in Kenya, according to people with knowledge of the matter. But the OVL-OIL duo [...]
Larsen & Toubro (L&T) on Monday said it has bagged large orders worth over Rs 2,500 crore in the domestic and offshore markets. The power transmission & distribution (PT&D) business of its arm Larsen & Toubro Construction has secured large orders to be set up on engineering, procurement and construction (EPC) basis, it said in [...]
President Ranil Wickremesinghe has said that Sri Lanka's debt restructuring programme will be completed by September this year and its bankrupt economy will be brought to a stable level, a media report said on Monday. Debt-ridden Sri Lanka is still struggling to normalise its crisis-hit economy after it declared its first-ever debt default in April [...]
Sun Pharma Advanced Research Company Ltd on Monday said its net loss widened to Rs 81.99 crore in the fourth quarter ended March 2023, impacted by higher expenses. The company had posted a net loss of Rs 71.05 crore in the same period previous fiscal, Sun Pharma Advanced Research Company said in a regulatory filing. [...]
Shares of Balaji Amines Ltd a speciality chemical company plunged 18.5% on Monday’s early trades following the resignation of its Chief Financial Officer (CFO), Hemanth Reddy Gaddam on Saturday. Its shares opened at ₹ 2306.50 on Friday and reached a 52-week low of ₹ 1880.00 on Monday. They were trading at ₹ 2089.55 apiece, down [...]
Small-cap stocks represent the market's most numerous firms. In fact, small-cap companies dominate large- and mid-cap stocks combined. Small-cap stocks offer distinct risks and benefits for investors compared to their bigger counterparts due to their size. As a result, small-cap stocks may have higher-than-average volatility, which is just another way of saying that they undergo [...]
Renewable energy solutions provider Suzlon has bagged a 204 MW wind energy project from Serentica Renewables. "Suzlon Group has bagged a significantly large order for its 3 MW series of wind turbines from Serentica Renewables - a decarbonization platform that seeks to accelerate the energy transition for energy-intensive industries," a company statement said. The company, [...]
