Mahindra & Mahindra dismissed media reports suggesting plans to demerge its auto and tractor divisions, asserting it sees “much greater value from synergies” by keeping the businesses within the parent entity.
The Taiwanese company is the go-to chipmaker for major AI accelerator designers, including Nvidia Corp., Advanced Micro Devices Inc. and Broadcom Inc., and it also makes processors for iPhones and other Apple Inc. devices.
Shares of Jindal Photo are locked in a 20% upper circuit, extending their gains for the fifth straight session. This is the longest winning streak for the stock since May, when it had gained for eight straight sessions between May…
GM Breweries’ EBITDA margins expanded by over 600 basis points during the quarter to 24.9% from 18.8% in the base quarter.
India also hosts 650 US FDA-approved manufacturing sites, the largest outside America, and supplies around a quarter of all APIs used in the US By contrast, China provides up to 90% of certain critical APIs.
Geoffrey Dennis, Independent Emerging Market Commentator, expressed doubt about gold’s ability to sustain its strong rally. He said the metal is due for a pause and stated that any easing of tensions in the Middle East could lead investors to…
In India, prices stood at ₹12,415 per gram for 24-karat gold, ₹11,380 for 22-karat, and ₹9,311 for 18-karat, according to Goodreturns.
Shares of Tata Elxsi have declined over 18% this year, so far. At the current price, the stock trades at 42 times its financial year 2027 estimated price-to-earnings ratio.
Brokerage firm Investec, in a note on Wednesday, October 8, wrote that L&T is poised to win several large, multi-billion-dollar contracts.
In an interaction with CNBC-TV18 on Thursday, Saatvik Green Energy’s Managing Director Manik Garg said that the focus remains on growth but also on improving the margin profile. Garg said that margin remaining between the 16% to 17% range will…