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Sebi seeks changes in order on Goenka This development follows the tribunal’s prior directive to appoint another whole-time member of Sebi to issue a final order on the matter.

L&T announces first ₹10,000 cr buyback The firm will offer up to ₹3,000 per share, a 17% premium to the stock’s closing price on Tuesday, to the shareholders willing to tender their shares in the buyback

‘India strongest part of our steel portfolio’ On European operations, T.V. Narendran, CEO and MD, Tata Steel Ltd, said the company’s operations in the Netherlands would be able to sustain itself through its earnings and support from the government, but the UK operations remain a concern

Institutions vote against ACC, Ambuja resolutions Institutional investors of Adani Group cement companies—ACC Ltd and Ambuja Cement Ltd—voted against adopting the financial statements for FY23 after the firms’ statutory auditors raised concerns about certain developments

Wipro Enterprises seeks to buy out shareholders reluctant to sell Wipro Enterprises would spend ₹1,243.76 crore to buy back the remaining 1.55% of shares, making the company wholly owned by Premji and his philanthropic trust

JLR drives Tata Motors to ₹3,203 cr profit in Q1 Revenue from operations surges 42% from a year earlier to ₹1.02 trillion

Pratt & Whitney Engines on Hundreds of Airbus Jets Recalled for Inspection RTX says engines are affected by contaminated metal parts

Mahindra Holidays Q1 net profit declines 70% Its member additions now stand at 4,696, up by 23% year-on-year

L&T announces first ever buyback worth ₹10,000 crore The conglomerate will offer up to ₹3,000 per share, a 17% premium to current market price of ₹2,562, to shareholders willing to tender their shares in the buyback

Go First conducts test flight in Mumbai The low-fare airline may resume scheduled flight operations on the availability of interim funding and the approval of flight schedule by the Directorate General of Civil Aviation

Tata Motors' JLR revenue jumps 57% on year to £6.9 billion in Q1FY24 Jaguar Land Rover (JLR), the luxury auto arm of Tata Motors, reported a 57% YoY increase in Q1 revenue to £6.9bn and a profit before taxes of £435m. The company's Q1 free cash flow reached a record high of £451m and its cash on...

Ajay Vijay Bathija named Coca-Cola India VP, franchise operations, Southwest Asia region Bathija started his career with The Coca-Cola Company and has spent over two decades working across marketing and franchise roles

L&T earnings highlights: Larsen & Toubro sees strong Q1FY24 results, 34% YoY revenue growth, order inflow surges L&T reported strong Q2 results with a 34% YoY growth in revenues, reaching ₹47,882 crore. The company also received orders worth ₹65,520 crore and approved a share buyback of...

L&T Q1 Results: L&T board approves investment of ₹506 crore in L&T Energy Green Tech. Check details The proposed investment will be made either by subscribing to equity or preference shares or by way of Inter Corporate Deposits or company guaranteed debt or a combination of these and will be...

CEAT Q1 Results: Net profit at ₹144.6 crore, revenue rises 4% to ₹2,935 crore; check details CEAT Q1 Results: The tyre company's revenue from operations during the first quarter of current fiscal stood at ₹2,935.2 crore, registering a rise of 4.1 per cent compared to ₹2,818.4 crore in the...

Media trading company Astus Ltd marks entry into India Originally founded in London in 2003, Astus is present in 20 countries with over 300 clients and trades over $400 million annually. It works with advertisers to enhance their media budget using their products or services. The company is...

Cadbury maker to invest ₹1,600 crore to expand Andhra plant The expansion is part of the company’s earlier announced ₹4,000 crore investment in India. In March 2023, the maker of Oreo cookies and Bournvita had said it will pump more money into expanding manufacturing capacity and building more...

SBI Life Q1 profit surges 45% on higher premium income SBI Life said its net premium income rose 19% year-on-year at ₹13,104 crore for the June quarter, as compared to ₹11,036crore a year ago.

Dixon Technologies Q1 net profit rises 48% to ₹67.19 crore, revenue up 15% The company reported a 15% YoY (year-on-year) rise in consolidated revenue from operations at ₹3271.50 crore against ₹2,855.07 crore year ago

Delta Corp Q1 results: Net profit surges 18.9% at ₹67.9 crore YoY The revenue us up 9 percent at ₹272.8 crore in FY23 compared to ₹250.3 crore in FY22. While the EBIDTA was up 9.5 percent at ₹95.8 crore.