Daily Business News

First dry eye treatment available in India that is delivered with nanomicellar (NCELL ® ) * Technology    Unique NCELL ®* Technology and formulation provides superior delivery over cyclosporine emulsion 0.05% i Backed by several years of clinical experience in the U.S. and other geographies. Mumbai, India, April 25, 2023 - Sun Pharmaceutical Industries Limited (Reuters: SUN.BO, Bloomb: SUNP IN, NSE: SUNPHARMA, BSE: 524715, “Sun Pharma” and includes its subsidiaries and/or associate companies) today announced that one of its wholly-owned subsidiaries has launched a novel ophthalmology treatment, CEQUA ® , in India for patients who have Dry Eye Disease (DED) with inflammation, a commonly occurring condition. CEQUA ® is the first dry eye treatment available in India that is delivered with nanomicellar (NCELL ® ) * technology.   Kirti Ganorkar, CEO – India Business, Sun Pharma, said, “Current treatment optio...

  Mumbai, April 25, 2023: The Power Transmission & Distribution (PT&D) Business of Larsen & Toubro (L&T) Construction has recently secured EPC orders in India and overseas. Under the umbrella of the Reforms-based Results-linked Distribution Sector Scheme (RDSS), distribution utilities in the country have taken up various modernization measures to improve operational efficiency and financial sustainability. To significantly reduce the Aggregate Technical & Commercial (AT&C) losses at pan-India level is an important objective of the scheme towards which, the discoms undertake several distribution infrastructure improvements such as segregating feeders, reconductoring, cabling, augmenting line networks and elements, geo- tagging of assets, etc. The Business has secured orders to develop distribution infrastructure in two discom circles of western Rajasthan. The Business has also bagged a power supply system ord...

  Tata Consultancy Services to Help the Retailer Modernise its Core Business Systems with a Cloud-First and Composable Platform Strategy and Enable Continuous Innovation LONDON | MUMBAI, APRIL 25, 2023: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has extended its partnership with Marks and Spencer plc (M&S), to transform the latter’s core technology stack, improve resilience and pace of innovation, and drive sustainable growth. TCS has been a strategic partner to M&S for over a decade, helping the retailer drive numerous business- critical transformation programmes, including its journey to become a digital-first enterprise. In the next phase of this partnership, TCS will simplify M&S’ technology landscape and modernise its core business systems with a cloud-first and composable platform strategy. Leveraging its engineering talent and practices, TCS will help drive a culture of futuristic thinking and ...

  Nestle India, the house of Kitkat chocolates and Maggi noodles, reported a net profit of Rs 736 crore for the March quarter, making a 24.7 percent jump over the year-ago period. Financial Highlights – Q1 2023:  Total Sales of INR 4,808 Crore. Total Sales Growth at 21.3%. Domestic Sales Growth at 21.2%. Profit from Operations at 21.0% of Sales.  Net Profit of INR 737 Crore Earnings Per Share of INR 76.4.  Interim Dividend INR 27.00 per equity share declared on 12th April, 2023 This is a big beat on estimates that had pegged the  Nestle  net profit at Rs 674 crore. The company follows a January to December financial year. Follow our live blog for all the market action Revenue from operations jumped 21.3 percent year-on-year to Rs 4,830 crore. On the operating front, EBITDA (earnings before interest, taxes, depreciation and amortization) came in at Rs 1,098 crore, up 18 percent.

25/04/2023 00:04 Positive L&T Construction Wins (Significant*) Orders for its Power Transmission & Distribution Business 25/04/2023 08:00 Below Negative Nestle India beats projections, takes net profit up 25% to Rs 736 crore in Q1 24/04/2023 10:37 Below Positive M&S Extends its Partnership with TCS as it Reshapes for Growth and Value Creation 24/04/2023 10:53 Negative US ,Asian and European Market status before open Indian Market 25.04.2023 25/04/2023 10:55 Positive LTI Mindtree, LTTS consolidate realty assets 25/04/2023 11:00 Positive Lenders May halt funding over 'Sin' tag: ONGC Chief 25/04/2023 11:08 Positive Mankind Pharma raises Rs 1,298 cr from anchor investors ahead of IPO 24/04/2023 15:29 Positive SBI Securities net profit up 32 per cent in FY23 24/04/2023 15:35 Positive MAS clears merger of HDFC Investments with HDFC Bank 24/04/2023 16:00 Mahindra LMM holds ground-breaking ceremony of EV facility in Telangana 24/04/2023 16:09 Positive SBI Life In...

24/04/2023 17:26 Positive Maruti Suzuki launches FRONX from NEXA, starting+ at Rs. 7.46 Lakh 24/04/2023 11:53 Positive Maharashtra Seamless surges 4% on Rs 262 crore-order win 24/04/2023 10:04 Positive New ONGC chief draws seniors' ire for pushing youth 24/04/2023 14:53 Positive INDUSIND BANK LIMITED ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2023 24/04/2023 14:53 Positive Airtel partners with Secure Meters to deploy 1.3 million NB-IoT powered smart meters in Bihar 24/04/2023 09:19 Positive Adani Ports shares in focus as Adani group firm commences debt buyback 24/04/2023 11:34 Negative Sun Pharma temporary pause in release of batches from Mohali until US FDA mandated measures are implemented 24/04/2023 20:29 Positive Wipro board to consider proposal for equity share buyback on April 27 24/04/2023 20:58 Positive Hdfc Bank has executed definitive agreements on April 21, 2023 to invest an amount of up to Rs. 69.90 crores in Go Digit Life Insurance Lim...