News Overview

The communication further instructed companies to implement a “Most Favoured Nation” (MFN) pricing model within 60 days, a strategy that mandates firms to offer their lowest global rates to American consumers.

Under the agreement, Suzlon will supply and install 127 units of its S144 wind turbines, each with a rated capacity of 3 MW

In addition to softer raw material costs, intensified competition in the FMCG space has played a role in prompting this pricing adjustment.

Continuing with the virtual format adopted in recent years, the meeting will take place via Video Conferencing (VC) and Other Audio Visual Means (OAVM).

TCS hits 52-week low in Sensex and Nifty

The company also informed that its diluted earnings per share (EPS) slipped by 20.10% on a yearly basis to ₹10.60.

This marks a significant improvement from the ₹64.3 crore profit recorded in the same period last year.

EBITDA for the quarter also resulted in a loss of ₹954 Crore. In the same quarter, the business posted an EBITDA loss of ₹544 Crore.

The market reaction followed Kousgi's resignation announcement on October 28. He cited personal career aspirations as the reason for stepping down.

The company’s net profit came in at ₹148.30 Crore. In the year-ago period, the business reported a net profit of ₹141.80 Crore.