News Overview

Katerra owes Yes Bank ₹521 Crore and was forced into corporate insolvency last year. This indicates that Yes Bank's exposure to Katerra has nearly recovered to 40%.

This transition follows a planned strategy initiated since October 2023. K. Hari Prasad, the current President of Apollo Hospitals, to retire on March 31 after serving for 27 years.

The company had submitted its draft papers on December 29, 2023, outlining an IPO comprising a fresh issue of shares worth Rs 300 crore alongside an offer-for-sale of 29.95 lakh equity shares by promoters.

HCLTech to utilize CAST's silicon-proven IP cores and controllers for design verification, emulation, and rapid prototyping of turnkey SoC solutions.

Shareholders can expect the interim dividend to be credited to their accounts or dispatched on or before April 17, 2024.

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.

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.

Walgreen Co., Kroger Specialty Pharmacy Inc., and CVS Pharmacy Inc. filed the complaint, citing federal antitrust laws as support for their claims.

The agreement closes before HDFC Bank's fourth-quarter earnings report the following month.

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.