HCL Tech Q3 FY23 earnings: Gross profit grew by 16.9% YoY to Rs 9980 crore; interim dividend of Rs 10 per equity share

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Today HCL Tech announced its Q3 FY23 results after the market closed on Thursday. HCL Tech reported a 19.3% YoY growth in total income at Rs 26,960 crore in Q3 FY23 as against Rs 22,586 crore in the same quarter last year. HCL Tech reported a 18.9% YoY increase in total expenses to Rs 21,588 … Read more

Eicher Motors to buy 10.35% stake in Stark Future SL by investing €50 million: Electric Mobility

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On Thursday 29 December, Eicher Motors Ltd announced a strategic investment and collaboration with Spain-based Stark Future SL to advance the electric motorcycle space. Two-wheelers account for 20% of India’s total carbon dioxide emissions, due to which many companies are investing heavily in electric vehicles. Royal Enfield’s parent company Eicher Motors will buy a 10.35% … Read more

Reliance to demerge fin services arm and list Jio Financial Services on exchanges, RIL shareholders to get 1:1 shares

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On Friday 21 October, Reliance Industries Limited (RIL) announced that it would soon demerge its financial services business to form a new company Jio financial services limited (JFSL). Reliance Strategic Investments Limited (RSIL) is a wholly-owned subsidiary of Reliance Industries Limited (RIL) which currently carries out its business of providing loans to merchants and consumers. … Read more