News Overview

Previously, CreditSights stated that the planned demerger of its other businesses might attract significant opposition from minority shareholders.

Indian Railways has increased its locomotive production target for FY25 by 27% to 1,500 units, maintaining this target through FY27.

The company announced the launch of the drug-free non-invasive migraine management wearable device, Nerivio, in Germany through its step-down subsidiary, betapharm.

The power generated from this project will be utilized internally for the manufacturing facilities at Budhni, contributing to the reduction of the company's carbon footprint.

This move is part of L&T's strategy to exit non-core businesses, reducing exposure to asset-heavy developmental projects to enhance return on equity (RoE).

Despite the downturn in benchmark indices, the broader market demonstrated strength, with the BSE Midcap index rising by 0.37% and the BSE SmallCap index by 0.29%.

SIP flows did not cross ₹20,000 Crore in March, but was still the best month on record.

Services provided by the Hosur plant include production planning, quality management, inbound material activities, kitting, reverse logistics, and export.

TCS had aimed to recruit 40,000 freshers in FY24, following a decrease in net employee addition in FY23 compared to the previous fiscal year.

The NFO is available for subscription from April 08 to April 22. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment.