Thu, Apr 18, 2024 9:48 AM
Real Estate Developers Inflating Pre-Sales Figures: Story behind to know
A Flip by Avya Verma
Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to widen availability of cloud services. Areas that would also benefit were enterprise-grade reliability, performance, and compliance with data residency and privacy standards, the company added in a statement.
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Q4 results today: A total of 18 companies will announce their financial results for the fourth quarter of FY24 (January-March 2024). Adani Power, Ambuja Cements, Adani Wilmar, Bondada Engineering, Netweb Technologies India, SIS, Orient Cement, Greenpanel Industries, Mangalam Cement, PNB Gilts, Dhampur Sugar Mills, among others will release their Q4 results today.
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Indian Oil Corporation, the state-run oil refiner, reported a 40% sequential fall in its standalone net profit for Q4FY24. IOC posted a net profit of ₹4,837.69 crore in Q4FY24 as against ₹8,063.39 in the previous quarter. Emkay Global slightly tweaked FY25-26 EPS estimates by 2-3% each. It retained an ‘Add’ rating on the stock and revised March-2025 target price by 13% to ₹180 per share.
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