Top news this week: Atal Setu inauguration, IT giants earnings, tech layoffs, Gujarat Vibrant Summit and more
Zee Entertainment Enterprises Ltd., said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant. Read more The 10th Vibrant Gujarat Global Summit, which commenced on January 10, witnessed a flurry of investment pledges and announcements across various sectors. Tata Group, led by Chairman N Chandrasekaran, disclosed plans to establish a significant semiconductor fabrication unit in Gujarat's Dholera, with operations slated to begin in 2024.
The two-day summit also saw Adani Group committing a whopping ₹2 trillion ($24 billion) to boost green energy initiatives in Gujarat. Read more HCL Technologies Ltd has emerged as the best performer among India’s top four IT services firms in the seasonally weak December quarter, heading into the final leg of what’s expected to be a slow financial year for the sector. Read more Wipro announced that the board has approved an interim dividend of Re 1 per equity share with a face value of ₹2 each.
This represents a 50% payout for the current financial year, coinciding with the release of the company's financial results for the October-December period of the fiscal year ending March 2024. Read more The IT major posted a consolidated net profit (attributable to shareholders of the company) of Rs4,350 crore, a rise of 13.5% from Rs3,832 crore in the previous quarter (Q2FY24). Its consolidated revenue from operations was up by 6.65% to Rs28,446 crore versus Rs26,672 crore in the previous quarter.
Read more HDFC Life on Friday reported a 16 per cent increase in net profit to ₹365 crore in the third quarter ended December. The private sector insurer's profit stood at ₹315 crore in the year-ago period, HDFC Life said in a regulatory filing. Re
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