The agreement closes before HDFC Bank's fourth-quarter earnings report the following month.
In a statement, LIC clarified the situation, stating that front running is nothing new. "We have further placed robust controlling mechanisms along with best practices to prevent any kind of front running," it continued.
Exposure to a single segment, high customer concentration risk (Phillips makes up ~45-50% of overall revenue) and growth challenges in the lighting segment remain key risks, ramp up in the non-lighting electronics segment remains to be seen. The stock currently trades at 34x TTM EPS.
Max has created a strong leadership in the most attractive healthcare micro markets of India through its 12 hospitals, with >80% of its bed capacities of 3,550 beds being in metro markets.
Unlike domestic tyre-makers, who retained the benefit of lower input costs, BKT passed on part of the benefit to customers as demand environment was weak. Now that end-demand is improving, BKT should be in a position to increase prices in response to rise in input costs.
The company recently secured a ₹93-Crore work order from the Maharashtra Energy Department Agency (MEDA) for 3,500 solar photovoltaic water pumping systems (SPWPS) under the PM-KUSUM scheme's Component‐B.
Shareholders can expect the interim dividend to be credited to their accounts or dispatched on or before April 17, 2024.
Walgreen Co., Kroger Specialty Pharmacy Inc., and CVS Pharmacy Inc. filed the complaint, citing federal antitrust laws as support for their claims.
The company is an Indian manufacturer and retailer of construction supplies with a public listing. Grey cement, white cement, ready-mix concrete, clinker, and building supplies are among its main offerings.
HCLTech to utilize CAST's silicon-proven IP cores and controllers for design verification, emulation, and rapid prototyping of turnkey SoC solutions.

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