ONGC Green Limited (OGL), a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC) and NTPC Green Limited, a NTPC Limited subsidiary, announced a 50:50 joint venture to form ONGC NTPC Green Private Limited (ONGPL). “It is hereby informed that a Company – ONGC NTPC Green Private Limited (ONGPL), has been incorporated on 18.11.2024
HCL Technologies on Monday announced that its enterprise software products unit, HCL Software appointed Vikrant Chowdhary as Senior Vice-President and Country Head for India. In this role, it added, Vikrant Chowdhary will lead HCLSoftware’s India region business for growth and innovation across India’s critical sectors, including Enterprise, BFSI, and Government segments. He will play a
While the fiscal second quarter earnings season came to a close, brokerage firms said that the Q2 corporate earnings scorecard was weak, but excluding commodities, it has reported an in-line earnings growth. “Consumption has emerged as a weak spot, while select segments of BFSI are experiencing asset quality stress. Weakness in government spending has also
Tyre makers are expected to post revenue growth of 7-8 per cent this fiscal, driven by a 3-4 per cent increase in both realisations and volume, stated a report by CRISIL Ratings. Per the report, revenue will grow in single digit for the second straight year (albeit nearly double that of last fiscal) and after
– By Sarbojit Mallick The present digitally-driven world is moving at an unprecedented pace. Forward-moving organizations are constantly seeking innovative ways to optimize their recruitment strategy. Considering the burgeoning need for a highly efficient and effective recruitment process, the use of Artificial Intelligence (AI) is taking the industry by storm. It brings a tectonic shift
Larsen and Toubro (L&T) on Wednesday announced that its Energy CarbonLite Solutions vertical has secured Limited Notice to Proceed (LNTP) from NTPC Ltd for setting up thermal power plants in Madhya Pradesh and Bihar. The orders, it added, pertain to main plant packages of 2×800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh
Following a weak show in the September quarter, the earnings of the Nifty 50 companies have been revised downwards by 7% over the past six months. This has lowered the estimated earnings growth for FY25 to just 5%, the weakest since FY20. India Inc’s operating profits have grown at just 4% year-on-year (y-o-y) in Q2FY25
Dispelling the impression that there has been a pause in negotiations on free trade agreements, a senior official has said that all meetings are going according to schedule and only in the case of Peru it has been decided to initiate the next round of talks after the finalisation of overall strategy and standard operating
Companies in the business of keeping cool are gearing up for a record summer this year. With temperatures already on the rise in the west, east and parts of the north, firms are readying production and distribution initiatives to meet the demand surge expected in the coming summer months. “February and the first two weeks
The domestic stock exchanges have seldom had it so good. Over four years of a bull market, coupled with investors entering in droves — it’s a heady mixture for the bourses. Consequently, their coffers have been flowing over. Sample this: India’s biggest stock exchange – the NSE – reported a 57% and 94% year-on-year growth
Gold prices have reached an unprecedented milestone, surpassing $3,000 an ounce for the first time in history. This surge is largely fuelled by a vigorous buying spree by global central banks, states Bloomberg. Since Russia’s 2022 invasion of Ukraine, central banks have increasingly turned to gold to diversify reserves and reduce dependency on the US
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset. Spot gold was up 0.4% at $3,000.39 an ounce at 1031 GMT. Prices have scaled 13 all-time highs
Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff earlier in the week, while gold reached a record as the latest escalation of global trade tensions left nervous investors seeking safe-haven assets. Relief over the likely aversion of a US government shutdown boosted stocks in Asian trade, after Senate
