https://www.business-standard.com/markets/news/rising-competition-valuations-of-paint-majors-on-street-s-palette-of-worry-123081300321_1.html Excerpts In terms of profitability, all paint companies experienced an expansion in margins, attributed to lower raw material costs and an improved product mix.
Category: Company Specific News
Mcap of 7 of top 10 firms falls by Rs 74,603 cr, HDFC Bank biggest laggard
https://www.business-standard.com/markets/news/mcap-of-7-of-top-10-firms-falls-by-rs-74-603-cr-hdfc-bank-biggest-laggard-123081300131_1.html ICICI Bank, Hindustan Unilever, Infosys and ITC saw erosion in their market valuation while Reliance Industries, Tata Consultancy Services (TCS) and State Bank of
TCS introduces organisational rejig under new CEO
https://www.financialexpress.com/industry/tcs-introduces-organisational-rejig-under-new-ceo/3192205/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
Tech Mahindra Q1FY24 results: Net profit falls 38.8% YoY to Rs 692.5 crore
https://www.business-standard.com/companies/results/tech-mahindra-q1fy24-results-net-profit-falls-38-8-yoy-to-rs-692-5-crore-123072600552_1.html Clipped from: https://www.business-standard.com/companies/results/tech-mahindra-q1fy24-results-net-profit-falls-38-8-yoy-to-rs-692-5-crore-123072600552_1.html At the end of the quarter, the company’s headcount stood at 148,297. It was down 4,103 as compared to the March quarter
L&T to buy back 3.3 crore shares at up to ₹3,000 apiece – The Hindu BusinessLine
https://www.thehindubusinessline.com/markets/lt-to-buy-back-33-crore-shares-at-up-to-3000-apiece/article67120043.ece Clipped from: https://www.thehindubusinessline.com/markets/lt-to-buy-back-33-crore-shares-at-up-to-3000-apiece/article67120043.ece This is the first ever share buyback by the company, which had attempted a buyback in 2019 Larsen & Toubro has approved
Infosys slashes FY24 guidance as clients cut spends, defer decisions – The Hindu BusinessLine
https://www.thehindubusinessline.com/info-tech/infosys-q1-profit-up-11-yoy/article67101348.ece Clipped from: https://www.thehindubusinessline.com/info-tech/infosys-q1-profit-up-11-yoy/article67101348.ece Amidst an uncertain demand environment, IT major Infosys has lowered its revenue guidance steeply to 1-3.5 per cent from 4-7, as the company said
ICICI Lombard Q1 PAT rises 12% on premium income growth – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/icici-lombard-q1-pat-rises-12-on-premium-income-growth/article67095284.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/icici-lombard-q1-pat-rises-12-on-premium-income-growth/article67095284.ece ICICI Lombard’s GDPI rises 18.9% to ₹6,387 crore, higher than the industry growth of 17.9% ICICI Lombard General Insurance posted a net profit of
Kotak Bank’s employee turnover rises to 46% FY23 from 29% FY21 – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/kotak-banks-employee-turnover-rises-to-46-fy23-from-29-fy21/article67087497.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/kotak-banks-employee-turnover-rises-to-46-fy23-from-29-fy21/article67087497.ece The attrition was almost equitable for male and female employees, with 45.3 per cent male employees and 47.8 per cent female employees
🙏Start-up to SHE enterprise
https://www.business-standard.com/opinion/columns/start-up-to-she-enterprise-123071401111_1.html Clipped from: https://www.business-standard.com/opinion/columns/start-up-to-she-enterprise-123071401111_1.html Over more than 100 years, we have experienced the social-economy benefits brought by the early 20th-century founders of sustained, humane, and enlightened
Exide hits over 4-year high; surges 23% in one month on positive outlook
https://www.business-standard.com/markets/news/exide-hits-over-4-year-high-surges-23-in-one-month-on-positive-outlook-123071400250_1.html Clipped from: https://www.business-standard.com/markets/news/exide-hits-over-4-year-high-surges-23-in-one-month-on-positive-outlook-123071400250_1.html Exide said the strong automobile sales augur well for Company as higher vehicle sales not only help the OEM business but also
👍👍👍👍👍Mohandas Pai, former SBI chairman Rajnish Kumar join Byju’s advisory council – The Hindu BusinessLine
https://www.thehindubusinessline.com/companies/mohandas-pai-former-sbi-chairman-rajnish-kumar-join-byjus-advisory-council/article67075902.ece Clipped from: https://www.thehindubusinessline.com/companies/mohandas-pai-former-sbi-chairman-rajnish-kumar-join-byjus-advisory-council/article67075902.ece The appointment of these two leaders to the advisory council will enhance its financial governance mechanisms and leverage expert advice to drive
Broker’s Call: TCS (Buy) – The Hindu BusinessLine
https://www.thehindubusinessline.com/markets/brokers-call-tcs-buy/article67076277.ece Clipped from: https://www.thehindubusinessline.com/markets/brokers-call-tcs-buy/article67076277.ece Target: ₹3,960 CMP: ₹3,340.65 Tata Concultancy Services’ CC (constant currency) revenue growth q-o-q and margin missed BNP Paribas estimates in Q1-FY24, mainly
Infosys, HCLTech put off pay hikes for employees; TCS bucks trend
https://www.business-standard.com/companies/news/infosys-hcltech-defer-salary-hikes-of-employees-tcs-bucks-trend-123071200926_1.html Clipped from: https://www.business-standard.com/companies/news/infosys-hcltech-defer-salary-hikes-of-employees-tcs-bucks-trend-123071200926_1.html Infosys typically rolls out hikes for its senior management in July, but so far, they have not received any communication on the
Clipped from: https://www.thehindubusinessline.com/portfolio/tcs-q4-results-recovery-is-not-around-the-corner/article67072155.ece
With recession risks still persisting, the risk-reward remains unfavourable for the stock for now TCS reported results that were generally in line to marginally weaker,
Bad news! Infosys defers pay hike for staff | The Financial Express
https://www.financialexpress.com/industry/bad-news-infosys-defers-pay-hike-for-staff-bkg/3166694/ lipped from: https://www.financialexpress.com/industry/bad-news-infosys-defers-pay-hike-for-staff-bkg/3166694/ The report says that the decision shows that the IT sector is facing tough conditions due to present macroeconomics conditions. X Infosys,
TCS ‘Bribes-for-Jobs’ scandal: TCS writes to board members about details on recruitment scam allegations
https://www.business-standard.com/companies/news/tcs-writes-to-board-members-about-details-on-recruitment-scam-allegations-123062800262_1.html Clipped from: https://www.business-standard.com/companies/news/tcs-writes-to-board-members-about-details-on-recruitment-scam-allegations-123062800262_1.html TCS is consulting with external auditors to investigate the situation, said a person aware of the development Photo: PTI Listen to This
TCS partners Microsoft for generative AI solutions – The Hindu BusinessLine
https://www.thehindubusinessline.com/info-tech/tcs-partners-microsoft-for-generative-ai-solutions/article67048261.ece Clipped from: https://www.thehindubusinessline.com/info-tech/tcs-partners-microsoft-for-generative-ai-solutions/article67048261.ece TCS and Microsoft have announced plans to help customers jumpstart their generative AI journey Tata Consultancy Services has deepened its partnership with Microsoft by announcing
👍👍👍👍👍In a first: Mahindra & Mahindra receives PLI eligibility certificate
https://www.business-standard.com/companies/news/m-m-becomes-the-first-firm-to-get-an-eligibility-certificate-under-auto-pli-123062800582_1.html Clipped from: https://www.business-standard.com/companies/news/m-m-becomes-the-first-firm-to-get-an-eligibility-certificate-under-auto-pli-123062800582_1.html Tata Motors files application for flagship Tiago EV Listen to This Article The Mumbai-headquartered Mahindra & Mahindra (M&M) becomes first firm to