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Indian shares will likely open higher on Monday, tracking gains in Asia after China rolled out measures to stabilise its markets, while U.S. data added to hopes of early interest rate cuts....
Tata Technologies CEO Warren Kevin Harris mentioned that the company's Q3 services revenues were impacted by a customer transition in Southeast Asia. The development of two electric vehicles for a customer is nearing completion, resulting in a reduction in headcount. While some impact is expected to continue in Q4, the company remains optimistic for fiscal year 2025 due to deal wins and a strong order book. Operational efficiency and lower sub-contracting contributed to a 140 basis point expansion in EBITDA margin in Q3.
Tata Techs headcount has increased by 8% from FY23-end despite ongoing ramp-down in Vinfast. This indicates that the company has been able to redeploy resources and back-fill Vinfast revenues.
IRB will receive Rs 1,681 crore towards the compensation and is also entitled to receive further interest from the date of the award till the date of realisation of the compensation as per terms of the award.
JSW Steel on Thursday reported robust growth in the consolidated net profit for the quarter ended December, as the bottom line rose nearly 5 times from the year-ago period to Rs 2,415 crore and also beat ETNow estimates of Rs 1,719 crore.