STOCKS KA GYAN 💬
🔸India's apex planning and advisory body for the power sector has eased a key condition for #power equipment supplies for public sector projects, a move that is expected to let utilities to issue tenders allowing larger private vendor participation.
🔸India's construction equipment industry witnessed a 26% rise in sales to 1,35,650 units in the 2023-24 fiscal on the back of the government's infrastructure-led growth agenda.
🔸 #Persistent Systems announced the launch of “iAURA”, a suite of AI-powered data solutions engineered to catalyze business growth. iAURA empowers businesses with seamless deployment and precision in addressing data challenges for AI implementations.
🔸 #Infosys informed the stock exchange that the company and ServiceNow are strengthening their collaboration to utilize generative AI for enhancing customer experiences.
🔸 #Infosys informed the stock exchange that it has been certified with ISO 42001:2023 Certification for Artificial Intelligence Management System, by TUV India (part of TÜV Nord Group).
🔸 #TataElxsi informed the stock exchange that it has collaborated with Arm, the global semiconductor design and software platform company to offer advanced solutions on the latest Arm processors, which will help Automotive OEMs and Tier-1s fast track their transition to software-defined vehicles (SDVs).
🔸India's apex planning and advisory body for the power sector has eased a key condition for #power equipment supplies for public sector projects, a move that is expected to let utilities to issue tenders allowing larger private vendor participation.
🔸India's construction equipment industry witnessed a 26% rise in sales to 1,35,650 units in the 2023-24 fiscal on the back of the government's infrastructure-led growth agenda.
🔸 #Persistent Systems announced the launch of “iAURA”, a suite of AI-powered data solutions engineered to catalyze business growth. iAURA empowers businesses with seamless deployment and precision in addressing data challenges for AI implementations.
🔸 #Infosys informed the stock exchange that the company and ServiceNow are strengthening their collaboration to utilize generative AI for enhancing customer experiences.
🔸 #Infosys informed the stock exchange that it has been certified with ISO 42001:2023 Certification for Artificial Intelligence Management System, by TUV India (part of TÜV Nord Group).
🔸 #TataElxsi informed the stock exchange that it has collaborated with Arm, the global semiconductor design and software platform company to offer advanced solutions on the latest Arm processors, which will help Automotive OEMs and Tier-1s fast track their transition to software-defined vehicles (SDVs).
STOCKS KA GYAN 💬
🔸#Mazagon Dock Shipbuilders Revenue increased by 49.3% YoY (+31.4% QoQ) to Rs 3103.7 crore. #EBITDA margin improved by 675 bps YoY to 16.9%, leading to EBITDA growth by 148.8% YoY to Rs 524.1 crore.
🔸As per the media reports, several key #defence projects, including proposals for acquiring 100 more K-9 Vajra self-propelled #howitzers and fighter aircraft engines (for Su-30 MKI fighters), are expected to get final approval by the Centre after the elections.
🔸Samvardhana Motherson International Ltd (#SAMIL) Revenues for the quarter stood at ₹ 27,058 crore, up 20% YoY. EBITDA in Q4FY24 stood at ₹ 2,935 crore with corresponding EBITDA margins at 10.8%, up ~180 bps QoQ and ~170 bps YoY.
🔸#HCLTech informed the stock exchange that it has infused #GenAI into its maintenance, repair and overhaul (MRO) solution, iMRO/4 to improve asset performance and efficiency in industries like #transportation, #energy, and #aerospace.
🔸#Infosys informed the stock exchange that the company in partnership with the French Tennis Federation, introduced #AI first innovations for #RolandGarros 2024.
🔸#GRInfra reported a healthy set of numbers, On standalone basis, total income grew by 13% YoY to ₹ 2255 crore Q4, EBITDA grew by % YoY to ₹ 354 crore with EBITDA margins at 15.3%, up 350 bps.
🔸As per news media, Department of Finance is seeking to form a committee with #SBI is to address challenges in co-lending and promote its use for #MSMEs.
🔸#IndiaCement plans a capex of Rs 700 crores for next 2 years, out of which Rs 500 crores will be used for improving operational efficiencies, while Rs 100 crores will be used for maintenance capex.
🔸#Mazagon Dock Shipbuilders Revenue increased by 49.3% YoY (+31.4% QoQ) to Rs 3103.7 crore. #EBITDA margin improved by 675 bps YoY to 16.9%, leading to EBITDA growth by 148.8% YoY to Rs 524.1 crore.
🔸As per the media reports, several key #defence projects, including proposals for acquiring 100 more K-9 Vajra self-propelled #howitzers and fighter aircraft engines (for Su-30 MKI fighters), are expected to get final approval by the Centre after the elections.
🔸Samvardhana Motherson International Ltd (#SAMIL) Revenues for the quarter stood at ₹ 27,058 crore, up 20% YoY. EBITDA in Q4FY24 stood at ₹ 2,935 crore with corresponding EBITDA margins at 10.8%, up ~180 bps QoQ and ~170 bps YoY.
🔸#HCLTech informed the stock exchange that it has infused #GenAI into its maintenance, repair and overhaul (MRO) solution, iMRO/4 to improve asset performance and efficiency in industries like #transportation, #energy, and #aerospace.
🔸#Infosys informed the stock exchange that the company in partnership with the French Tennis Federation, introduced #AI first innovations for #RolandGarros 2024.
🔸#GRInfra reported a healthy set of numbers, On standalone basis, total income grew by 13% YoY to ₹ 2255 crore Q4, EBITDA grew by % YoY to ₹ 354 crore with EBITDA margins at 15.3%, up 350 bps.
🔸As per news media, Department of Finance is seeking to form a committee with #SBI is to address challenges in co-lending and promote its use for #MSMEs.
🔸#IndiaCement plans a capex of Rs 700 crores for next 2 years, out of which Rs 500 crores will be used for improving operational efficiencies, while Rs 100 crores will be used for maintenance capex.