India Inc profit surges 65%, world entering green energy era

World entering a highly disruptive green energy era, says Mukesh Ambani Reliance Industries (RIL’s) annual report released on Sunday highlighted the company’s focus on new energy solutions, with Chairman and Managing Director (MD) Mukesh Ambani stating that the age of fossil fuels will not conti­nue much longer. RIL has sought shareholders’ approval to give Ambani… Continue reading India Inc profit surges 65%, world entering green energy era

India Inc profit surges 65% but shows lopsided growth

Premium Illustration: Ajay Mohanty There has been a sharp recovery in the headline corporate earnings in the April-June 2023 quarter (Q1FY24), after a dismal showing by early bird companies. The combined net profit of the 983 listed companies that have declared their quarterly results, so far, was up 64.7 per cent year-on-year to record… Continue reading India Inc profit surges 65% but shows lopsided growth

Demand for women apprentices surges 3-fold in manufacturing sector: Report

With the manufacturing sector, traditionally dominated by men, actively working to enhance its diversity and inclusion (D&I), the demand for women apprentices witnessed a threefold increase in the first quarter of this financial year, a report said on Thursday. According to the latest data from TeamLease Degree Apprenticeship, the demand for women apprentices… Continue reading Demand for women apprentices surges 3-fold in manufacturing sector: Report

GE Power gets LoI for contact worth of Rs 444 crore; stock surges 13%

Shares of GE Power India hit a 52-week high of Rs 181 as they surged 13 per cent on the BSE in Wednesday’s intra-day trade, in an otherwise a weak market, after the company received a Letter of Intent (LoI) from Gujarat State Electricity Corporation for contract worth of Rs 444 crore. In an exchange… Continue reading GE Power gets LoI for contact worth of Rs 444 crore; stock surges 13%

Tata Power surges 10% in 3 days on positive outlook; stock nears 52-wk high

Shares of Tata Power Company hit a 10-month high at Rs 243.20, gaining 3 per cent on the BSE in Tuesday’s intra-day trade on the back of heavy volume on positive outlook. The stock of Tata group integrated power utilities company was quoting higher for the third straight day, surging 10 per cent during the… Continue reading Tata Power surges 10% in 3 days on positive outlook; stock nears 52-wk high