Page 54 - Companies

TCS expands partnership with GE HealthCare Tech for IT operations

Tata Consultancy Services (TCS) on Wednesday said it has expanded its partnership with GE HealthCare Technologies to transform the American multinational firm's IT operating model. The transformation will bring intelligent care solutions to one billion patients across more than 160 countries where GE HealthCare operates, TCS said. TCS will manage the development, maintenance, rationalisation, and standardisation of GE HealthCare's enterprise IT applications and also leverage artificial intelligence for faster time to value realisation, operational resilience, and productivity, it said. Anupam Singhal, Business Head, Corporate Accounts, TCS, said: "TCS' long-standing relationship with GE HealthCare is founded on the shared belief that technology helps improve lives and contribute to the overall well-being of individuals and communities." Chief Information Officer of GE Healthcare Jahid Khandaker said the collaboration will address the changing patient requirements and support medica

Tata Coffee's net profit down by 5% at Rs 62.06 cr for quarter ended June

Tata Coffee on Wednesday reported a 5 per cent fall in consolidated net profit at Rs 62.06 crore for the quarter ended June. Its net profit stood at Rs 65.49 crore in the year-ago period. Total income, however, rose to Rs 707.93 crore in the first quarter of this fiscal from Rs 666.05 crore in the corresponding period of the previous year, Tata Coffee said in a regulatory filing. The rise in total income was driven by higher realisations in plantation coffee and instant coffee businesses both in India and Vietnam. "Tata Coffee's Vietnam operations continue to deliver strong sales with improved profitability driven by higher sales of premium products. It has a robust healthy order pipeline," it said. The operating performance of EOC (Eight O'clock Coffee) business was impacted during the June quarter by lower bag volumes and higher input costs. "The Group's consolidated profit for Q1, FY'24 is marginally lower at Rs 62 crore compared to Rs 65 crore in the corresponding quarter of

Hinduja Tech partners with Proaxia Consulting Group for SAP vehicle sales

Hinduja Tech, part of the diversified conglomerate Hinduja Group on Wednesday said it has partnered with Proaxia Consulting Group AG, to become a Proaxia Vehicle Sales and Service Solutions value added reseller. As a Value Added Reseller, Hinduja Tech gains privileged access to resources, services and product knowledge to maximise business outcomes for customers. The collaboration enables Hinduja Tech to offer end-to-end SAP solutions for the automotive industry, leveraging its expertise as a leading SAP services provider coupled with deep domain expertise in the automotive sector, a company statement said. Hinduja Tech is excited to collaborate with Proaxia in delivering tailored business solutions for the automotive industry. By leveraging its expertise in the automotive domain and SAP implementation, HT incorporates industry best practices to drive optimal outcomes and efficiency for the customers, company business unit-head, digital technology solutions, Prashant Nirmale ...

Tata Coffee Limited (TCL) June quarter revenue grows 6% to Rs 708 crore

The operations in Vietnam by Tata Coffee continue to deliver strong sales with improved profitability

Bank of Maharashtra Q1FY24 result: Net profit up 95% YoY to Rs 882 cr

Net Interest Income (NII) grew by 38.80% YoY to Rs 2,340 crore in Q1FY24 as against Rs 1,686 crore for Q1FY23

Bikaji Foods International acquires 49% equity stake in Bhujialalji

Bhujialalji Pvt Ltd (BPL) is a new entrant to this industry with its product portfolio comprising popular bhujia and namkeen variants

L&T CFO, CEO took double-digit remuneration cuts in FY23: Annual report

In comparison, the median remuneration for all employees rose by 3.06%; average increase in pay for non-managerial employees was 7.72%

Electric two-wheeler sales get recharged as subsidy cut pain eases

Average daily sales in the first 17 days of July double to 1,702 units from 852 units during the same period in June

PhonePe Insurance launches monthly subscriptions for health policies

Option will lower financial burden for customers, says company owned by fintech major PhonePe

Beyond Hindenburg: Gautam Adani talks up 'matrabhumi', major projects

Group confident of its governance and disclosure standards, says billionaire in address to shareholders

Accenture to transform beer company Bira91's technology platform

Programme will help Bira 91's systems to provide a single and integrated data model

Disney entering Mukesh Ambani's India orbit is a worry for advertisers

Indian advertisers, however, might not be as lucky as Iger, whose contract just got extended by another two years. They may be staring at an erosion of competition

Adani's go-to bankers at Barclays turn cautious after Hindenburg report

Executives at the highest levels are scrutinising ties with Adani, turning more cautious about adding new business pending a regulatory probe that's supposed to end next month

Ford slashes prices on electric version of F-150 truck by up to 17%

The cuts reverse price hikes Ford implemented over the last year that had raised the starting sticker price on its debut battery-powered truck by 50%.

Microsoft, CMA ask UK court for pause to consider activision tweaks

Microsoft Corp. kicked off its hotly-anticipated court hearing with the UK antitrust agency Monday as it moves closer to sealing the $69 billion Activision Blizzard Inc. deal

Tatas, Wipro Consumer in race to acquire masala company for Rs 1,000 cr

The company, whose revenues stood at Rs. 1,660 crore and its net profit at Rs. 21.7 crore in FY22, has become a takeover target of various larger players

Oriana Power plans to raise up to Rs 60 crore through IPO, says CEO

Oriana Power plans to come out with an Initial Public Offering (IPO) by the end of this month or early August to raise up to Rs 60 crore, its CEO Rupal Gupta said on Friday. The proceeds will be utilised towards working capital, asset building and technology upgradation, Gupta said at a press conference. The Draft Red Herring Prospectus (DRHP) has been filed for listing of shares on NSE Emerge. Gupta said the IPO is expected to hit the market by the end of this month or the first week of August. "We aim to raise around Rs 55-60 crore from the IPO," he added. As per the DRHP, the three promoters (Rupal Gupta, Anirudh Saraswat and Praveen Kumar) currently hold 83.40 per cent in the company. Post issue, the promoters' stake in the company will reduce to 61.41 per cent. Noida-based Oriana Power is a leading solar energy solution providers for their industrial and commercial customers.

Moody's downgrades Azure Power Energy and Azure Power Solar Energy

The one-notch downgrade of APE's and APSEP's debt ratings has been driven by governance issues related to internal controls and compliance

Foxconn in talks with TSMC, TMH group to make chips in India: Report

Foxconn, with the two companies, is expected to make both advanced as well as legacy chips in India

Rajnish Kumar, Mohandas Pai to join edtech major Byju's advisory body

Firm appoints ex-upGrad chief as overseas business CEO