L&T Finance Ltd. (LTF), a leading Non-Banking Financial Company (NBFC) in India, has reported a significant growth in its profit after tax (PAT) for the second quarter ending September 30, 2024. The company’s PAT reached ₹696 crore, reflecting a 17% year-on-year increase from ₹595 crore in Q2 FY24. This growth comes despite sectoral headwinds and […]
Zydus Lifesciences Limited has secured final approval from the United States Food and Drug Administration (USFDA) to produce Fludrocortisone Acetate Tablets USP, 0.1 mg, according to a press release on 17 October 2024. The company is set to manufacture the drug at its state-of-the-art facility in Moraiya, Ahmedabad, India. This development further strengthens Zydus’ foothold […]
Central Bank of India has posted impressive financial results for the second quarter of FY 24-25, with a remarkable 50.91% jump in net profit, reaching ₹913 crore compared to ₹605 crore in Q2 FY 23-24. This outstanding performance is being hailed as one of the strongest quarters for the bank in recent years, driven by […]
Axis Bank has reported a strong financial performance for the quarter ending 30th September 2024, with profits and digital expansion leading the charge. The bank’s net profit surged by 18% year-on-year (YoY) to reach ₹6,918 crores, while its operating profit grew by 24% YoY to ₹10,712 crores. This significant growth reflects a balanced approach between […]
L&T Technology Services Limited, a leading global engineering and technology services firm and a subsidiary of Larsen & Toubro Limited, reported an 8% year-on-year growth in its revenue for the second quarter of FY25, amounting to ₹25,729 million. The company’s net profit reached ₹3,196 million, marking a 1.3% increase compared to the same period last […]
Aurionpro Solutions Limited has announced its successful entry into the Saudi Arabian banking sector, securing a multi-million dollar deal to launch its next-generation transaction banking platform. This marks a major milestone in Aurionpro’s pursuit of expanding its digital banking transformation solutions globally. The company has partnered with one of Saudi Arabia’s leading banks, delivering its […]
Sula Vineyards, a major wine producer in India, has reported its highest ever revenue from own brands and wine tourism in Q2 FY25, signalling a significant success in its premium wine portfolio. The company announced on October 11 that its elite and premium wine brands have driven substantial growth, marking a 0.3% increase year-on-year to […]
MOIL Limited has exhibited an exemplary production and sales performance for September 2024, marking a significant milestone in the company’s ongoing growth trajectory. Despite the inherent complexities and adverse conditions of the manganese ore industry, MOIL, a government-owned enterprise, achieved a 7% year-over-year increase in production during the first six months of the current fiscal […]
Cyient DLM Limited, a leading integrated electronics manufacturing company, announced its acquisition of Altek Electronics, a prominent U.S.-based Electronic Manufacturing Services (EMS) provider. This strategic acquisition represents a significant advancement for Cyient DLM, accelerating its growth trajectory, enhancing its geographical footprint across North America, and fortifying its manufacturing capabilities within key sectors. The acquisition is […]
Indoco Remedies Limited has secured a significant regulatory win by receiving final approval from the United States Food and Drug Administration (USFDA) for its generic version of Cetirizine Hydrochloride Tablets USP, 10 mg. The approval allows Indoco Remedies to market its product in the U.S. as a direct competitor to Johnson & Johnson Consumer Inc.’s […]