1 / 8TCS | Largest software exporter has reported an 8.2% growth in net income for the December quarter at ₹11,735 crore. The top management of the Tata Group company said its revenue for the reporting quarter grew 4% to ₹60,583 crore driven by a strong double-digit growth in emerging markets.
2 / 8Infosys | The country's second-largest IT services firm reported a lower-than-expected 7.3% fall in net profit in the December quarter on sluggish demand from clients and cut its annual sales forecast. The company posted a net profit (attributable to shareholders) of ₹6,106 crore compared to ₹6,586 crore in the year-ago period.
3 / 8Nykaa | Lexdale International is likely to divest 2.62 crore shares in the online retailer of beauty brands through block deals, sources privy to the developments told CNBC-Awaaz. The total value of this block deal stands at ₹490 crore, sources in the know told CNBC-Awaaz. The lock-in period for this deal is set at 45 days and brokerage firms Morgan Stanley and JP Morgan are the brokers to deals.
4 / 8LIC | Insurance behemoth said it has received demand orders worth ₹3,528.75 crore from the Assistant Commissioner of Income Tax, Mumbai. The company is set to challenge the income tax demand orders and file appeals with the Commissioner of Income Tax (Appeals).
5 / 8Polycab | Electrical equipment manufacturer has issued a clarification after the Income Tax department conducted search proceedings at some of its premises and plants. The company emphasises that it has been fully cooperative throughout the search proceedings, providing necessary clarifications and details as sought by the Income Tax Department officials.
6 / 8Tata Power | The company said its subsidiary Tata Power Renewable Energy has entered into a memorandum of understanding (MoU) with the government of Gujarat. The pact, signed at the Vibrant Gujarat event, aims to develop 10,000 MW of renewable energy power projects spread across various sites in the state.
7 / 8M&M | Utility vehicles and tractor manufacturer released its business update for December 2023. Total production witnessed a marginal decline of 2.1%, standing at 44,348 units compared to 45,299 units in the same period last year. The company reported a rise in total sales with 8.9% growth, reaching 58,369 units, up from 53,605 units in December 2022.
8 / 8Bhansali Engineering | The company said it has received environmental clearance from state-level Environment Impact Assessment Authority, Rajasthan, to expand ABS resin capacity up to 2 lakh tonne per annum and to expand saleable SAN resin capacity up to 25,000 tonne per annum.
