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News Desk

TCS Q3 Results: Net Profit Jumps 12% to ₹12,380 Crore; ₹66 Special Dividend Announced

TCS Q3 Results: Net Profit Jumps 12% to ₹12,380 Crore; ₹66 Special Dividend Announced

/ Indian Market

Tata Consultancy Services (TCS) reported a 12% rise in consolidated net profit for Q3 FY25, reaching ₹12,380 crore compared to ₹11,058 crore in the same quarter last year, surpassing market estimates. The company’s consolidated revenue grew by 6% year-on-year to ₹63,973 crore from ₹60,583 crore, although it fell short of projections. Sequentially, TCS’s net profit […]

TCS Q3 Results: Net Profit Jumps 12% to ₹12,380 Crore; ₹66 Special Dividend Announced Read More »

Foxconn, Dixon Seek Pending Subsidies Under Production Incentive Scheme

Foxconn, Dixon Seek Pending Subsidies Under Production Incentive Scheme

/ Indian Market

Foxconn Technology Group and Dixon Technologies India Ltd., key players in India’s electronics manufacturing drive, have urged the government to release pending subsidies under the production-linked incentive (PLI) scheme. These subsidies, part of the Rs 41,000 crore ($4.8 billion) package, aim to encourage large-scale manufacturing in India but remain partially unallocated due to unmet production

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NSE Expands Co-Location Capacity, Strengthens Global Presence

NSE Expands Co-Location Capacity, Strengthens Global Presence

/ Indian Market

The National Stock Exchange (NSE) has announced a major expansion of its co-location services, further establishing itself as one of the largest co-location service providers worldwide. It has added more than 200 Full Rack Equivalent capacities under Colocation Phases 11 and 12 at its NSEIL premises. This takes the total capacity to over 1,200 FREs

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Tencent Executes Largest Share Buyback Since 2006 Amid US Blacklist Concerns

Tencent Executes Largest Share Buyback Since 2006 Amid US Blacklist Concerns

/ Global Market​​

Tencent Holdings Ltd., China’s most valuable technology firm, conducted its biggest share repurchase in almost two decades following a sharp stock decline. The selloff occurred after Tencent was added to a US blacklist for alleged ties to the Chinese military. On Tuesday alone, the company bought back 3.93 million Hong Kong-listed shares worth HK$1.5 billion

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NSE to Add Six New Stocks to F&O Segment from January 31, 2025

NSE to Add Six New Stocks to F&O Segment from January 31, 2025

/ Indian Market

The National Stock Exchange of India (NSE) has announced the inclusion of six new securities in the Futures and Options (F&O) segment starting January 31, 2025. The stocks to be added are Castrol India, Gland Pharma, NBCC, Phoenix Mills, Solar Industries India, and Torrent Power. These stocks have been selected as per the criteria prescribed

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India’s GDP Growth May Slow to Four-Year Low of 6.4% in FY25: Government Estimates

India’s GDP Growth May Slow to Four-Year Low of 6.4% in FY25: Government Estimates

/ Indian Market

India’s economy is projected to grow at 6.4% in FY25, marking its lowest growth rate in four years, according to the government’s first advance estimates released on January 7. This would be the first time in four years that GDP growth falls below the 7% threshold. The economy performed well in Q1 of the FY25

India’s GDP Growth May Slow to Four-Year Low of 6.4% in FY25: Government Estimates Read More »

MobiKwik Posts ₹3.6 Crore Net Loss in Q2 Amid Rising Expenses; Revenue Grows 43%

MobiKwik Posts ₹3.6 Crore Net Loss in Q2 Amid Rising Expenses; Revenue Grows 43%

/ Indian Market

Fintech company One MobiKwik Systems Ltd. reported a net loss of ₹3.6 crore for the September 2024 quarter, reversing a net profit of ₹5.3 crore in the same period last fiscal. The loss was attributed to an increase in expenses, the company said in an exchange filing on January 7. Despite the loss, operational revenue

MobiKwik Posts ₹3.6 Crore Net Loss in Q2 Amid Rising Expenses; Revenue Grows 43% Read More »

Zydus Lifesciences Gains 5% After Securing Deal with CVS Caremark for Diabetes Products

Zydus Lifesciences Gains 5% After Securing Deal with CVS Caremark for Diabetes Products

/ Indian Market

Shares of Zydus Lifesciences surged over 5% on January 7 following the announcement of a strategic agreement with US-based healthcare firm CVS Caremark. The collaboration will see Zydus’ diabetes products included in CVS Caremark’s template formulary, enhancing access to these treatments in the US market. The agreement covers Zituvio (sitagliptin), Zituvimet (sitagliptin and metformin hydrochloride),

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NTPC's Clean Energy Arm Plans ₹1.8 Trillion Green Hydrogen Hub in Andhra Pradesh

NTPC’s Clean Energy Arm Plans ₹1.8 Trillion Green Hydrogen Hub in Andhra Pradesh

/ Indian Market

NTPC Green Energy Ltd., the clean energy division of NTPC Ltd., is set to establish a massive green hydrogen hub in Pudimadaka, near Visakhapatnam, Andhra Pradesh, with an investment of ₹1.8 trillion ($21 billion). This ambitious project is part of India’s National Green Hydrogen Mission and aims to bolster the country’s transition to carbon-free fuel.

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