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NSE share market NEWS tomorrow (22 May, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (22 May, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 22 May 2024

Macrotech Developers was amongst the top gainers, currently trading at 1312.60 in NSE with 1.604 times change in volumes and 5.625% change in price. Other gainers included Solar Industries with 5.278% price change and 1.376 times volumes, One 97 with 4.876% price change and 1.649 times volumes, Hindustan Zinc with 4.182% price change and 1.128 times volumes, and Nuvama Wealth with 4.076% price change and 1.078 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Bharat Heavy was amongst the top losers, currently trading at 301.95 in NSE with 1.772 times change in volumes and -5.404% change in price. Other losers included Abb Power with -4.593% price change and 3.308 times volumes, Indian Energy with -3.708% price change and 0.445 times volumes, Nmdc with -3.189% price change and 1.419 times volumes, and Blue Star with -3.052% price change and 0.72 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

MCA fines LinkedIn India, Nadella, 8 others for companies law violations. The corporate affairs ministry on Wednesday slapped fines on Microsoft-owned LinkedIn India, Satya Nadella and eight other individuals for violation of the significant beneficial owner norms under the companies law. Nadella is the chief of Microsoft, which

Disney to sell 30% stake in Tata Play to Tata Group, valuing co at bn. The transaction values Tata Play Ltd. at about billion, the people said. Tata Group took full control of the TV platform after buying the 29.8% stake from Disney

Petronet LNG Q4 results: Net profit increases 20% to Rs 738 crore. Petronet LNG Ltd -- India's largest liquefied natural gas importer -- on Wednesday reported a 20 per cent rise in the March quarter net profit on the back of importing higher LNG volumes. For the entire 2023-24 fiscal (April 2023 to March 2024), Petronet r

Significant use cases will emerge for 5G services: Ericsson India MD. Swedish telecom gear maker Ericsson expects significant use cases to emerge in India for 5G services that will drive densification of telecom networks in the country, a senior company official said on Wednesday. Ericsson India Managing Director Nitin Bansa

Sundram Fasteners Q4 results: Net profit up 5%, total revenue rises 2%. The consolidated earnings per share (EPS) for the quarter ended March 31, 2024, amounted to Rs 6.36, compared to Rs 6.01 in the corresponding period last year

Vedanta seeks shareholders' approval for Rs 8,500 crore fundraise. Mining billionaire Anil Agarwal-led Vedanta Ltd has sought shareholders' nod to raise up to Rs 8,500 crore through issuance of securities. "We hereby submit a copy of Postal Ballot Notice....seeking approval of the Members of the company in respect of...is

Rebalancing: Adani Enterprises likely to dislodge Wipro from Sensex. Semi-annual rebalancing of BSE indices on Friday

MCA fines Nadella, LinkedIn India, 8 others for violating SBO norms. Company law experts have noted that the company has the option to appeal against the RoC order at the office of the regional director, MCA, or high court

Prosus, Dharana, Vy Capital to buy Urban Company's shares worth Rs 203 cr. Urban Company on Wednesday said Dutch investment firm Prosus as well as Vy Capital and its offshoot Dharana Capital will buy shares worth Rs 203 crore from the employees of the on-demand home service firm. Urban Company has announced its fifth Employee Sto

Adani group mcap regains 0 bn-mark as co rebuts coal invoicing claims. Adani Group's market capitalisation on Wednesday regained USD 200 billion-mark (Rs 16.9 lakh crore) after its listed firms gained Rs 11,300 crore as investors reposed faith on the company denying any wrongdoing in supply of coal to Tamil Nadu power company

Grasim Industries Q4 results: Net profit rises 15.5% to Rs 2,721.81 cr. Grasim Q4 results: The board recommended dividend of Rs 10 per equity share for FY24

Noel Tata's three children to be on five Tata Trusts' board seats. The move is being seen as part of the Trusts' succession plan

Gland Pharma Q4 results: Net profit jumps over two-fold to Rs 192 crore. Gland Pharma on Wednesday said its consolidated profit after tax (PAT) surged over two-fold to Rs 192 crore for the March quarter. The company has reported a PAT of Rs 79 crore in the year-ago period, the Hyderabad-based drug firm said in a statement. Reve

Adani Group plans to invest bn for global ports expansion in 3-5 years. Adani Ports aims to increase cargo traffic in the Middle East, Southeast Asia, Africa, and the Mediterranean through strategic acquisitions and partnerships over the next 3-5 years

SpiceJet to seek refund of Rs 450 crore from Kalanithi Maran and his firm. Private airline SpiceJet has already disbursed Rs 730 crore to Maran and his firm, of which, Rs 580 crore represents the principal amount, with an additional interest component of Rs 150 crore

Cipla receives USFDA approval to market Lanreotide injection in US. Drug major Cipla on Wednesday said it has received approval from the US health regulator to market a generic medication used to treat acromegaly and other conditions. The company has received the final approval from the US Food and Drug Administration (USF

DB Corp Q4 results: Net profit rises nearly three-fold to Rs 122.52 cr. Media house DB Corp Ltd on Wednesday reported a nearly three-fold jump in consolidated net profit at Rs 122.52 crore for the fourth quarter ended March 31, helped by a broad-based growth across verticals. The company had posted a consolidated net profit of

Dixon Technologies set to manufacture Google Pixel 8 smartphones in India. Local contract manufacturer Dixon Technologies said the initial batch of Indian-made devices will be available in the market by September, as trial production has recently started

Oyo eyes equity from private investors at valuation of up to bn: Founder. Private investors have approached travel tech platform OYO and it may raise equity at a valuation of up to USD 4 billion, Founder Ritesh Agarwal told employees in a townhall on Wednesday, sources said. The IPO-bound firm, backed by Softbank, had its maiden

Sun Pharma Q4 results: Net profit rises 34% to Rs 2,655 cr, revenue up 10%. Sun Pharma Q4FY24 results: The board of the company recommended a final dividend of Rs 5 per equity share of Re. 1 for the financial year 2023-24

Snapchat parent strengthens India team with key leadership appointments. Saket Jha Saurabh named director for content, partnerships and augmented reality; Chirag Kohli is the head of growth

Mahindra Finance gets IRDAI nod to sell insurance as corporate agent. Mahindra & Mahindra Financial Services on Wednesday said it has received corporate agency licence from insurance regulator IRDAI, which will enable it to sell life and general insurance policies offered by various insurers. The registration shall be valid

Strides Pharma Q4 results: Net profit declines 24% to Rs 10.44 crore. Strides Pharma Science Ltd on Wednesday reported a consolidated net profit of Rs 10.44 crore in the fourth quarter ended March 2024. The company, which posted a consolidated net loss of Rs 13.79 crore in the same quarter a year ago, announced a top managem

Max Healthcare Institute Q4 results: PAT declines by 2.81% to Rs 311 crore. Max Healthcare Institute Ltd on Wednesday reported a 2.81 per cent decline in profit after tax at Rs 311 crore in the fourth quarter ended March 31, 2024. The company had posted a Profit After Tax (PAT) of Rs 320 crore in the same quarter of the previous f

Prodapt Solutions aims to clock bn revenue in 5-6 yrs: CEO Harsha Kumar. Witnessing a 25 per cent year-on-year growth rate, Prodapt Solutions India Pvt Ltd has targeted to garner revenues of USD 1 billion over the next five-six years, a top official said on Wednesday. The company, an information technology service and consultin

Gail to invest Rs 50,000 crore in petrochemical unit in Madhya Pradesh. The new ethane cracking unit aims to meet the domestic demand for petrochemicals, which is projected to nearly triple to trillion by 2040

Vedanta Aluminium turning to renewables, not adding coal capacity: CEO. Coal accounts for nearly 50% of the country's installed power capacity of 443 GW

Jubilant FoodWorks Q4: Net profit jumps seven-fold to Rs 208 crore. Its revenue from operations rose 23.85 per cent to Rs 1,572.79 crore during the quarter. It was Rs 1,269.84 crore in the year-ago period, it added

Karur Vysya Bank to open 100 new branches in FY25: MD & CEO Ramesh Babu. Private sector Karur Vysya Bank has set a target of opening 100 new branches during the current financial year across the country, a top official said on Wednesday. The Tamil Nadu-based bank's 840th branch in Ayodhya was inaugurated by the bank's Chairpers

SAT nixes Sebi order on Linde India, asks firm to appear for document check. Market regulator had asked NSE to do a valuation of the company and its related party transactions

TeamLease Q4 results: Net profit rises 14% on general staffing strength. The company said consolidated net profit came in at 274.8 million rupees (.30 million) for the three months ended March 31

Sundaram Finance Holdings Q4 results: Net profit rises 173% to Rs 269.32 cr. Sundaram Finance Holdings Ltd, a part of the TSF Group, has registered a 173 per cent rise in its consolidated net profits for the March 2024 quarter, at Rs 269.32 crore. The city-based company had recorded a consolidated net profit of Rs 98.62 crore durin

Nykaa Q4 results: Net profit rises 187% to Rs 6.9 crore, revenue up 28%. Nykaa Q4FY24 results: FSN E-Commerce Ventures' revenue from operations grew by 28.1% to Rs 1,667.98 crore year-on-year

Cisco and Tata Communications partner to launch Webex Calling in India. The calls will be routed via Tata Communications' data centre in the Mumbai region, thereby helping organisations stay compliant with local regulations

Strides Pharma Q4 Results: Posts net profit of Rs 10.44 cr, revenue up 5.6%. In the same quarter of the previous fiscal, Strides reported a loss of Rs 13.79 crore. Ebitda grew 4.61 per cent to Rs 204 crore

Marks & Spencer posts 58% rise in profit as turnaround plan delivers. Sales rose 9.4% to 13.1 billion pounds, with food sales up 13.0% and clothing and homewares up 5.3%

SWCNTs producer NoPo Nanotechnologies raises mn in pre-series A funding. NoPo specializes in the production of single-walled carbon nanotubes (SWCNTs), a material that holds promise across various applications, ranging from usage by EV battery manufacturers

Reduced flights impacting cabin crew salary: Air India Express union. The Air India Express Employees Union has claimed that more than 100 employees have not been able to work due to the unavailability of airport entry passes

Ola moves tech workloads out of Microsoft's Azure, says Bhavish Aggarwal. Although Krutrim managed to get 2,500 developers, there was no clarity if any companies have joined the platform or have shown interest in joining the platform

Airtel Payments Bank's FY24 profit surges 60% to Rs 34.5 cr, revenue up 42%. Airtel Payments Bank on Wednesday reported a 60 per cent year-on-year surge in its profit at Rs 34.5 crore in FY24. Revenue for the fiscal saw a 42 per cent increase to Rs 1,836 crore, according to a company statement. "As we witness sustained demand for o

Expecting double-digit sales growth on strong demand: Mercedes-Benz India. Mercedes-Benz India is eyeing double-digit sales growth this fiscal as demand remains strong, especially for high-end models, a senior company executive said on Wednesday. The company, which on Wednesday introduced luxury models -- Maybach GLS 600 4MATIC S

Torrent Power Q4 results: PAT falls 4.2% to Rs 430 cr on higher fuel prices. Its revenue from operations rose 8.1% to Rs 6,529 crore, however, total expenses, led by fuel cost, rose nearly 10% to Rs 6,008 crore

DS Group targets Rs 5,000-cr revenue from confectionery business in 5 years. The maker of Rajnigandha and Pass Pass plans to continue its focus on Indian ethnic flavours to drive this growth

Shriram General Insurance Q4 results: PAT at Rs 121 cr, AUM at Rs 12,064 cr. Shriram General Insurance Company Ltd has reported a net profit for the January-March 2024 quarter at Rs 121 crore, the company said on Wednesday. Shriram General Insurance Company is jointly owned by the diversified conglomerate Shriram Group and South Af

Sun Pharma Q4 result: Profit up 33% over strong US, specialty sales. Shanghvi said that FY25 is going to be an 'investment phase' for several businesses, including product launches in the US and the ramp-up in the global specialty business

Power Grid Corporation Q4 results: PAT dips marginally to Rs 4,166 crore. State-owned Power Grid Corporation on Wednesday reported a nearly four per cent dip in its consolidated net profit to Rs 4,166.33 crore in the March 2024 quarter, mainly due to a marginal decline in income. The company reported a consolidated net profit of

Ramco Cements Q4 results: Net profit falls over 20% to Rs 121 crore. Standalone net profit after tax fell over 20% year-on-year to Rs 121 crore (.5 million) during January-March, missing analysts' expectations of Rs 127 crore

Paytm PB's ripple effects on its biz; loans, merchant subscriptions swayed. Paytm on Wednesday reported a 54 per cent year-on-year (Y-o-Y) decline in total loans disbursed in its financial results for 2023-24 (FY24)

How iconic Indian snack brand Haldiram's became a global investment target. Major foreign private equity firms like Blackstone, Bain Capital, and Singapore's Temasek seek up to 76% stake in the Indian food giant

State Bank of India once again refuses to disclose electoral bond SOPs. State Bank of India has declined to disclose its SOPs for electoral bond transactions, citing 'commercial confidence' and asserting them as the bank's 'intellectual property'

Welspun Enterprises Q4 results: Net profit drops 45% to Rs 77.67 crore. Welspun Enterprises on Tuesday reported a 45.4 per cent decline in consolidated profit to Rs 77.67 crore for the quarter ended on March 31, 2024. The company posted a consolidated profit of Rs 142.41 crore in the year-ago period. The consolidated income dr

Coforge, Microsoft to launch innovation hub for creating GenAI solutions. IT company Coforge on Tuesday said it has collaborated with Microsoft to establish an innovation hub to develop industry-specific generative AI solutions. The hub will develop new industry specific generative AI solutions and will work closely with Microso

City Union Bank Q4 results: Profit up 17% at Rs 254 cr on improved recovery. Private sector City Union Bank has reported a 17 per cent jump in its net profits at Rs 254.81 crore for the January-March 31, 2024 quarter, based on improved recovery from slippages. The Tamil Nadu-based bank had registered a net profit of Rs 218.04 crore

Muthoot FinCorp records highest-ever loan disbursement at Rs 61,703 cr. Muthoot FinCorp on Tuesday said it has recorded highest-ever loan disbursements in FY24 that rose 18.6 per cent to Rs 61,703.26 crore on a consolidated basis. The asset under management (AUM) stood at Rs 33,359.30 crore. The consolidated net profit rose 62

Arvind Fashions Q4 results: Profit jumps two-fold to 24 cr, revenue up 4%. Demand for premium products aimed at high-income consumers remains a key driver of sales growth

BHEL Q4 results: Net profit drops 26% to Rs 484 crore, revenue flat. BHEL Q4 FY24 results: The company board recommended a dividend of 25 paise for equity share of Rs 2 face value for financial year 2023-24

PVR Inox's food and beverage revenue outpaced ticket sale in FY24. The theatre chain's F&B sales generated Rs 1,958.4 crore in FY24, up from Rs 1,618 crore last year, whereas movie ticket revenue was Rs 3,279.9 crore in FY24, compared to Rs 2,751.4 crore in FY23

Tata Power-DDL, India Smart Grid Forum tie up for vehicle-to-grid project. Tata Power Delhi Distribution on Tuesday said it has inked an initial pact with India Smart Grid Forum for the 'Vehicle-to-Grid Technology Demonstration Project'. The initiative aims to explore the potential of EVs to provide essential grid services like f

Sobha Group to soon enter Mumbai luxury housing market, says founder Menon. Realty firm Sobha Group has chalked out an aggressive expansion plan for its India business and will soon enter the Mumbai luxury housing market with an aim to achieve more than a four-fold jump in annual sale bookings to Rs 30,000 crore in the next 4-5 ye

KKR acquires minority stake in Healthcare BPO firm Infinx for Rs 1,250 cr. Founded in 2012, Infinx is a provider of innovative, data-driven revenue cycle management solutions for the healthcare sector, with a particular focus on the US market

Delhi High Court orders SpiceJet to return leased aircraft, engines to TWC. SpiceJet, which currently owes million to TWC, had its offer to pay 5,000 a month to clear its dues rejected

Muthoot FinCorp plans to reduce the share of its gold loan business. During the last financial year, the company reported its highest-ever loan disbursements with consolidated disbursements at Rs 61,703.26 crore, up by 18.60 per cent

Expect significant growth from insurance income in FY25: City Union Bank MD. Private sector City Union Bank expects significant growth in the income contributed from the insurance vertical during the current financial year, a top official has said. The Tamil Nadu-based bank was on track to reach pre-Covid level in slippages and rec

JK Tyre Q4 results: Net profit rises 56.2% to Rs 169 cr on sustained demand. Consolidated net profit rose for the sixth straight quarter to Rs 169 crore (.29 million) for the three months ended March 31 from Rs 108 crore a year earlier

Emirates flight strikes flock of flamingos in Mumbai, raises concerns. An Emirates flight from Dubai struck a flock of flamingos, resulting in the death of around 40 birds in Mumbai, an official said on Tuesday. Emirates can confirm that EK508 from Dubai to Mumbai on May 20 was involved in a bird strike incident upon landing

Eris Lifesciences Q4 results: Net profit rises 8.41% to Rs 70.9 crore. On a sequential basis, the company exhibited a 13.2 per cent increase in revenue; however, the PAT declined by 30.96 per cent

JK Tyre & Industries Q4 results: Net profit rises 56.2% to Rs 169 cr. The tyre maker remains optimistic about the tyre demand outlook, driven by robust infrastructure spending and buoyant economic activities

Hitachi Energy India Q4 results: Net profit rises 124% to Rs 113.7 crore. Hitachi Energy India on Tuesday posted a 123.7 per cent growth in net profit to Rs 113.7 crore in the March quarter mainly on the back of higher revenues. The company had posted a net profit of Rs 50.8 crore in the same quarter a year ago, Hitachi Energy s

HP rebrands consumer, commercial PC portfolios, launches new AI logo. New brands coming to India in a month

Suspension order on Vedanta's iron ore plant in Karnataka revoked. The suspension order on mining operations at Vedanta's iron ore plant at Chitradurga in Karnataka has been revoked, the company said on Tuesday. Vedanta Ltd in April informed the BSE about the temporary suspension of mining operations at the iron ore mine

JM Financial, 6 others settle case with Sebi; pay over Rs 23 lakh fine. JM Financial Ltd and six others have paid a little over Rs 23 lakh as settlement charges to Sebi to settle a case related to an alleged violation of disclosure rules and merchant banking norms in the matter of Elcid Investments Ltd. JM Financial has paid R

Shell shareholders reject investor climate resolution filed by activists. The company, however, introduced a new 'ambition' to cut overall emissions from oil products such as gasoline and jet fuel sold to customers by 15-20% by 2030 compared with 2021

Exploring the opportunity of quick-commerce: Flipkart V-P Hari Kumar. Kumar said that the company is deepening the reach of its grocery services in metros and expanding in tier-2+ towns across Bharat

Ircon International Q4 results: Net profit rises 15% to Rs 286 crore. Ircon International Ltd on Tuesday said it has posted a 15.1 per cent growth in its profit after tax at Rs 285.68 crore during the March 2024 quarter. It had clocked Rs 248.18 crore profit after tax (PAT) during the January-March quarter of the 2022-23 fin

Metropolis Healthcare revenue up 17%, targets industry-leading growth. In Q4, the business-to-consumers (B2C) revenues grew by approximately 20 per cent Y-o-Y, and revenues from the Mumbai market also saw 20 per cent growth

Standby passenger boards IndiGo flight, later deboarded for ticket holder. In an apparent security lapse, a standby passenger in place of a confirmed ticket holder boarded the Varanasi-bound IndiGo flight at the Mumbai airport on Tuesday and was later deboarded before the plane took off. Generally, an airline staff who can take a

Edtech company Byju's starts new batches in 240 centres across India. On May 19, Byju Raveendran, founder and CEO of Byju's, addressed all Byju's Tuition Centres (BTC) heads and shared a new business model, based on intrapreneurship.

Reliance Industries picks Norwegian partner Nel ASA for electrolyser tech. The agreement provides RIL an exclusive license for Nel's alkaline electrolysers in India, manufacture for captive purposes globally

GSFCL Q4 results: PAT declines 89% to Rs 24.43 cr, total income falls 16%. Gujarat State Fertilisers and Chemicals (GSFCL) on Tuesday posted a sharp 89 per cent drop in consolidated net profit to Rs 24.43 crore for the fourth quarter of 2023-24 on poor sales. Its net profit stood at Rs 224.91 crore in the same quarter in the prec

FSSAI finds no traces of ethylene oxide in MDH, Everest spice samples. As many as 28 samples have been cleared by the scientific panel at FSSAI, with no traces of ETO in them, said sources

Wabtec looks to increase India's exports 10x: Global transit president. US-based railway firm will continue to invest 4% of global revenues in India

HDFC Bank exits Protean eGov Tech, sells entire stake for Rs 150 crore. Private sector lender HDFC Bank on Tuesday sold its entire 3.20 per cent stake in Protean eGov Technologies for Rs 150 crore through an open market transaction. According to the bulk deal data available with the BSE, HDFC Bank sold 12,94,326 shares, amount

Kotak Mutual Fund launches Nifty 100 Low Volatility 30 Index Fund. The new fund offering will remain open for subscription till May 31

Q4 results: ONGC, Oil India, SAIL among 83 firms to post earnings today. Q4 FY24 company results: IRFC, Bharat Electronics, India Cements, City Union Bank, and VRL Logistics will are poised to release the financial report for the fourth quarter on May 20

Dosa-batter maker iD sees quick commerce surge, grows 100x in 2 years. iD Fresh Food's sales from traditional e-commerce sales have declined by 25 per cent in the last two years

India Cements' Q4 results: Loss shrinks to Rs 50.06 cr on improved sales. India Cements Ltd on Monday reported a narrowing of consolidated net loss to Rs 50.06 crore in the fourth quarter ended March 31, 2024, helped by improved sales volume. The company had posted a net loss of Rs 243.77 crore in the same quarter a year ago, In

Sahara Group threatens legal action over 'Scam 2010' web series controversy. The latest web series, hailed as a 'dust-to-diamonds story of maverick businessman Subrata Roy', by filmmaker Hansal Mehta faces backlash as Sahara Group

TaMo's arms partners with Bajaj Finance to provide financing to dealers. Tata Motors on Monday said its passenger vehicles and passenger electric mobility subsidiaries have tied up with Bajaj Finance for providing supply chain finance solutions to their respective dealers. Tata Motors Passenger Vehicles (TMPV) and Tata Passenge

Hero MotoCorp and Harley Davidson may bring more US motorcycles to India. The market for premium motorcycles in India is expanding, and US-based two-wheeler maker Harley Davidson is keen on more joint ventures with Hero MotoCorp

Global Health Q4 result: PAT up 25% at Rs 127 cr, total income at Rs 836 cr. Global Health, which operates hospitals under the Medanta brand, has reported a 25 per cent increase in its consolidated profit after tax at Rs 127 crore for the March 2024 quarter. The healthcare provider had posted a profit after tax of Rs 102 crore in t

Serum Institute ships its first set of malaria vaccine doses to Africa. The vaccine has been developed in collaboration with the University of Oxford and Novavax's Matrix-M adjuvant

PGIM India Asset Management aims to double AUM to Rs 50,000 cr in 2-3 yrs. PGIM India Asset Management aims to more than double its assets under management to Rs 50,000 crore within the next 2-3 years, which will be driven by efforts to complete the product basket coupled the strong focus on SIP, its top official said on Monday.

ICMR distances itself from BHU study on Covaxin, calls it 'poorly designed'. Bharat Biotech had then rebuked the BHU study, saying that its indigenously developed Covid vaccine Covaxin has shown an 'excellent safety track record' in various studies

Randstad Digital eyes GCCs in India to drive growth in its IT business. Randstad Digital's focus verticals include banking, financial services and insurance (BFSI), automotive and aerospace, and high tech verticals

Tata Digital unveils leaner A-team under new CEO Naveen Tahilyani. The new streamlined structure makes the firm more nimble and business focused

Oil India Q4 results: Net profit rises 18%, 1:2 bonus share announced. The Oil India board has recommended an issue of bonus shares in a 1:2 ratio, subject to the approval of shareholders

Hero MotoCorp to expand electric model range to increase customer base. Hero MotoCorp is looking to expand its presence in the electric two-wheeler segment as it aims to introduce new models below its current range to cater to a broader set of customers, as per a senior company official. The country's largest two-wheeler maker

NFRA imposes Rs 2.5 cr fine on two auditors in Reliance Commercial Fin case. The National Financial Reporting Authority (NFRA) has slapped penalties totalling Rs 2.5 crore on two auditors for professional misconduct and auditing lapses in the Reliance Commercial Finance case for FY2018-19. The audit regulator imposed a fine of Rs 2

Power Mech Projects Q4 results: Net profit rises 13% to Rs 84 crore. Power Mech Projects Ltd on Monday reported a 13 per cent rise in consolidated net profit to Rs 84.41 crore for the March quarter on account of higher income. It had clocked Rs 74.57 crore profit after tax (PAT) in the year-ago period, the company said in a

Mega Networks to set up AI server facility in Mumbai by end of the year. Mega Networks is an advanced networking solutions provider known for producing indigenous AI servers in India, partnering with chip giants like NVIDIA, Intel, and AMD

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