Page 4 - Tata Tech News Today

Tech Mahindra: Saw a 3.3% QoQ growth in net profit at Rs 510.4 cr Revenue from ops grew 1.8% QoQ to Rs 13,101 cr Tata Steel: Cons net profit at Rs 522.1 cr vs loss of Rs 2,502 cr YoY on healthy operating nos with fall in input cost Revenue from ops fell 3.1% YoY to Rs 55,312 cr

The company's total operating revenue rose 1.6% QoQ to Rs 1,289.5 crore

Tata Tech to invest Rs 1500 Cr in Telangana: Telangana continues to attract investments as Chief Minister A Revanth Reddy successfully convinces numerous investors of the states growth potential. This was evident at the World Economic Forum in Davos, Switzerland, where Revanth engaged in discussions with Tata Sons chairman Natarajan Chandrasekaran

Tata Tech is a pure-play manufacturing-focused engineering research and development, primarily focused on the automotive industry. The companys issue was lapped up by investors with overwhelming interest. The scrip jumped 180% on debut, ranking it among the best listings seen in the last two years.

This means investors, mainly promoters and institutional investors, have seen an overall appreciation of Rs 430,000 crore in their wealth from these IPOs.

54 companies will have their shareholder lock-ins worth $13.52 billion lifted, leading to a series of block deals.

The largecap threshold now stands at Rs 67,000 crore, up from Rs 49,700 crore in June 2023. The midcap cut-off has risen to Rs 22,000 crore, compared to Rs 17,400 crore previously.

Sandeep Tandon, CEO of Quant MF, said that churn is a positive risk mitigation tool and allows to construct portfolios differently based on the risk environment

Our specially curated package of the most interesting articles to help you stay at the top of your game.

Our specially curated package of the most interesting articles to help you stay at the top of your game.