Business

Business

Torrent Pharma announces Q1 FY24 results, Revenue at Rs. 2,591 crores up by 10%

August 9, 2023 Vinayak Barot

Revenue & profitability:  Revenue at Rs. 2,591 crores up by 10%.  Gross margin: 74.9%; Op. EBITDA: 30.5%  Op. EBITDA at Rs. 791 crores up by 11%. Adjusted for one off income in  both periods, it is up by 16%.   Profit after tax at Rs. 378 crores Performance summary:  Results  Q1 FY24  Q1 FY23  YoY% Rs […]

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Adani Ports and Special Economic Zone Ltd : Record quarterly cargo, revenue and EBITDA

August 8, 2023 Vinayak Barot

Ahmedabad, 8 August 2023: Adani Ports and Special Economic Zone Ltd (“APSEZ”), today announced its results for the first quarter ended 30 June 2023. # EBITDA includes the impact of forex mark-to-market gain or loss. In Q1 FY24, forex gain is Rs 10.93 Cr and in Q1 FY23, forex loss is Rs 1201.14 Cr. APSEZ […]

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Carbon dioxide: Essar’s Stanlow Terminals inks MoU with Eni UK

August 8, 2023 Vinayak Barot

Mumbai: Stanlow Terminals Ltd, part of Essar Energy Transition (EET), has signed a Memorandum of Understanding (MoU) with Eni UK Ltd, the British subsidiary of global energy company Eni, to explore the development of carbon dioxide (CO2) collection, shipping, and storage at the terminal and then delivery into Eni UK’s carbon transport and storage infrastructures […]

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I-Day: US lawmakers to attend PM Modi’s Aug 15 address at the Red Fort

August 8, 2023 Vinayak Barot

Virendra Pandit    New Delhi: As India celebrates the 75th anniversary of Independence Day on August 15, a bipartisan group of leading US lawmakers will attend Prime Minister Narendra Modi’s address to the nation from the ramparts of the Red Fort in the national capital. The US Congressional delegation will be led by Indian-American Congressman […]

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Roving Periscope: Why didn’t the Saudis even invite Russia for Ukraine talks?

August 8, 2023 Vinayak Barot

Virendra Pandit    New Delhi: In this era of frenemies and geopolitical promiscuity, everything is possible. It appears the US, China, and Saudi Arabia are, for now, on the same page, and coming closer to isolating Russia on the Ukrainian issue. For, despite Russia being a member of the Saudi Arabia-led Organization of the Petroleum […]

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The Far East: The SCS waters between China, and the Philippines simmer with conflict

August 7, 2023 Vinayak Barot

Virendra Pandit    New Delhi: After Taiwan, it is the Philippines’ turn in the Far East to take exception to the Chinese expansionist moves. The developments mark another Chinese attempt to assert its claims over the territories of the South China Sea (SCS). On Sunday, Manila accused Beijing of water-cannoning its vessels in the SCS […]

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Torrent Pharma announces Q1 FY24 results

August 7, 2023 Vinayak Barot

Revenue & profitability:  ∙ Revenue at Rs. 2,591 crores up by 10%.  ∙ Gross margin: 74.9%; Op. EBITDA: 30.5%  ∙ Op. EBITDA at Rs. 791 crores up by 11%. Adjusted for one off income in  both periods, it is up by 16%.   ∙ Profit after tax at Rs. 378 crores Performance summary:  Results  Q1 FY24  […]

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Business

Roving Periscope: Ukraine sees the Jeddah peace talks as positive; but it’s negative for Russia

August 7, 2023 Vinayak Barot

Virendra Pandit    New Delhi: After nearly 18 months of relentless and destructive war, Ukraine has termed the fresh round of peace talks hosted by Saudi Arabia “productive” while Russia has called it a “doomed attempt.” On August 5, the Saudis hosted the National Security Advisors’ Meeting on this matter in their capital Jeddah. NSA […]

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Adani paves way for Brighter and Greener Mumbai, attains financial closure for its USD 1 Billion Green HVDC Transmission Link

August 7, 2023 Vinayak Barot

Ahmedabad, 7 August 2023: Adani Energy Solutions Limited (AESL), India’s largest private utility providing end-to-end energy solutions, has announced successful financial closure for its USD 1 Billion Green HVDC link project, which will enable further ‘greening’ of the Mumbai Grid by supplying more renewable power to the city while supporting its rising electricity demand. The […]

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Aviation Security Culture Week Celebration at Sardar Vallabhbhai Patel International Airport

August 5, 2023 Vinayak Barot

Ahmedabad, August 05, 2023: Sardar Vallabhbhai Patel International Airport successfully celebrated Aviation Security Culture Week from July 31st to August 5, in association with the Bureau of Civil Aviation Security (BCAS). All the agencies and stakeholders working at SVPI airport participated in the week-long celebration by participating in and conducting multiple security awareness activities. Throughout […]

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