Anant Raj’s wholly-owned subsidiary -- Anant Raj Cloud (ARC) has entered into a Memorandum of Understanding (MOU) with Google LLC, an American global technology company for providing Data Center Infrastructure, DC Managed Services and Cloud Platform to various Public & Private enterprises and to develop innovative technological solutions for potential customers.
HDFC Bank has reported results for first quarter ended June30, 2024 (Q1FY25). The bank has reported 35.33% rise in its net profit at Rs 16174.75crore for the quarter ended June 30, 2024 as compared to Rs 11951.77 crore forthe same quarter in the previous year. Total income of the bank increased by44.77% at Rs 83701.25 crore for Q1FY25 as compared to Rs 57816.67 crore for thecorresponding quarter previous year. On consolidated basis, the bank has reported 33.18% rise in net profit at Rs 16474.85 crore for Q1FY25 as compared to Rs 12370.38 crore forthe same quarter in the previous year. Total income of the bank increased by91.73% at Rs 116996.49 crore for Q1FY25 as compared to Rs 61021.29 crore forthe corresponding quarter previous year.
Reliance Industries has reported results for first quarter ended June 30, 2024 (Q1FY25). The company has reported 20.94% fall in its net profit at Rs 7,611 crore for the quarter ended June 30, 2024 as compared to Rs 9,627 crore for the same quarter in the previous year. However, total income of the company increased by 7.16% at Rs 1,37,833 crore for Q1FY25 as compared to Rs 1,28,627 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 4.04% fall in net profit at Rs 17,448 crore for Q1FY25 as compared to Rs 18,182 crore for the same quarter in the previous year. However, total income of the company increased by 11.91% at Rs 2,40,200 crore for Q1FY25 as compared to Rs 2,14,644 crore for the corresponding quarter previous year.
EMS has received a letter of Acceptance (LoA) from Uttarakhand Urban Sector Development Agency for Development of Water Supply and Sewerage System with 18 years O&M in Vikas Nagar Dehradun, Uttarakhand. The order value is around Rs 535.19 crore wherein EMS is having 95% share with the Other JV Partner.
Aster DM Healthcare’s material subsidiary -- Malabar Institute of Medical Sciences (MIMS) has entered into definitive agreements on July 19, 2024 to acquire additional 25% stake in Usolar Assetco Two from U-solar Clean Energy Solutions.
Defining a new era in SUV design, Tata Motors has unveiled the Tata Curvv ICE and EV. Born of powerful philosophy, form and function, the Curvv is India’s first SUV Coupe. Exhibiting the new-age SUV typology, the Curvv artfully blends the toughness and practicality of an SUV with the elegance and sporty silhouette of a coupe. Launching on August 7, 2024, the all-new Curvv will follow Tata Motors’ strong multi-powertrain strategy and will be first available in its EV version which will soon be followed by its ICE counterpart.
Oil and Natural Gas Corporation’s (ONGC) wholly owned subsidiary -- ONGC Videsh has signed a definitive Sale Purchase Agreement (SPA) for directly acquiring 0.615% Participating Interest (PI) in Offshore Azeri Chirag Gunashli (ACG) oil field in Azerbaijan from Equinor. The agreement also includes acquiring 0.737% shares of the Baku Tbilisi Ceyhan (BTC) pipeline company through its wholly-owned subsidiary ONGC BTC. The acquisitions are expected to be completed in the upcoming months.
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