The drug-making giant Torrent Pharma has presented the results of the October-December 2024 quarter, which brought news of happiness for investors. The company’s net profit jumped 14% to ₹ 503 crore. It was ₹ 443 crore in the same quarter last year. Income from Torrent Pharma operations increased by 2.6% to ₹ 2,762 crore. It … Read more
US President Donald Trump has said that Russian President Vladimir Putin should ‘compromise’ with Ukraine. Trump said he would meet the Russian President as soon as possible. Earlier, he had warned his Russian President to end the ‘stupid battle’ in Ukraine or to face high fees and restrictions. Trump, who was sworn in as the … Read more
Tamil Nadu is moving one step ahead of other states in terms of AI revolution in India. He is working on setting up Artificial Intelligence (AI) laboratories in the entire state to set up an excellence center for AI. For this, preparations are being made to include global big companies, create dedicated missions for AI … Read more
Steel major JSW Steel’s net profit in the third quarter of the current financial year fell 70.3 per cent to Rs 717 crore as compared to the same period a year ago. The company said on Friday that the decline in net profit in the October-December quarter was due to falling steel prices. The net … Read more
Now that US President Donald Trump is starting the ‘Make in America’ schemes, India’s Essar Group is also investing an additional $ 65 million in its plant in Minnesota state. The group first invested $ 1.7 billion. Essar Group Director Prashant Ruia, in a telephone conversation with the World Economic Forum in Davos, Switzerland, told … Read more
Adani Group has denied reports of cancellation of Adani Green Energy’s wind power project in Sri Lanka. The group on Friday said the rates for the project are being re-evaluated as per standard procedure. AFP, citing sources in Sri Lanka’s Energy Ministry, had reported that the island country has canceled the power purchase agreement with … Read more
The Supreme Court has stayed the High Court judgment in favor of Mauritius-based investment arm Tiger Global International Holdings. The case pertains to the sale of Flipkart Singapore’s stake to Walmart for Rs 14,500 crore in 2018, on which capital gains were made in India. The Supreme Court has said in its order, ‘There is … Read more
Tata Electronics today announced the purchase of 60 per cent stake in Pegatron Technology India, the Indian arm of Taiwan’s Pegatron Corporation, which makes iPhones on contract for Apple. According to people familiar with the development, this deal will significantly reduce the gap between Tata Electronics and Foxconn in terms of iPhone production in the … Read more