Buzzing Stocks Today: TCS, Ashok Leyland, IndiGo, Maruti Suzuki India and More – A Closer Look
TCS shared its Q2 results on Wednesday. They earned 60,698 crores in revenue this quarter, but that’s more than the 60,778 crores they made last quarter. The company’s growth increased by 0.13 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 11,342 crores, up from 11,074 crores in the previous quarter. Their quarter-to-quarter growth increased by 2.42 percent.
Ashok Leyland, a renowned member of the Hinduja Group, has recently launched the revolutionary Ecomet Star 1915 truck, setting new standards in the Intermediate Commercial Vehicle (ICV) category. This exciting addition was officially announced through a filing with the exchanges on Wednesday, creating a buzz in the commercial vehicle industry.
Larsen and Toubro
In a significant development, Larsen and Toubro (L&T) announced on Wednesday that their hydrocarbon division has successfully secured a substantial onshore project in the Middle East. Although the precise financial details of the contract remain undisclosed, it’s worth noting that L&T classifies an order as ‘mega’ when it surpasses the Rs 7,000 crore mark.
Maruti Suzuki India
In a significant move, Maruti Suzuki India, the nation’s leading car manufacturer, has entered into an initial partnership with IDBI Bank, aiming to provide dealer financing solutions for their valued dealers.
IndiGo, the renowned low-cost carrier, is set to elevate travel convenience between Mangaluru and Hyderabad by introducing its third daily flight connection starting from October 19. This strategic move comes as welcome news for travelers seeking efficient flight options between these two cities.
Indian airline Go First, currently undergoing insolvency proceedings, has garnered interest from Jindal Power Ltd. This intriguing development, shared by two banking sources and two insiders familiar with the matter, was revealed to Reuters.
Bank of Maharashtra
Bank of Maharashtra (BoM), a state-owned financial institution, has unveiled a promising financial opportunity for its customers. On Wednesday, the bank announced a significant increase in its fixed deposit rates, raising them by up to 125 basis points (1.25 percent). If you’re interested in Bank of Maharashtra deposit rates, this recent development is certainly worth considering.
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