Fri, Jul 9, 2021 3:27 PM
Tube Investments board nods investments in startups up to Rs25cr
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Sobha's share price rose more than 9% in early trade on May 30 as the company announced robust numbers for the quarter that ended March 2023. Driven by healthy topline growth Sobha has reported a massive 242% year-on-year growth in consolidated profit at Rs 48.6 crore for the March FY23 quarter despite a weak operating margin. Revenue from operations surged 70.3% to Rs 1,210 crore.
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Inox Wind's share price added 6% after the company received a repeat order from NTPC Renewable Energy. Inox Wind has bagged an order for a 150MW wind power project from NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, which is the RE business vertical of NTPC Limited. With this, the total orders from NTPC stand at 550MW awarded to date to Inox Wind.
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The slew of top-deck exits at IT major Wipro continues with the latest being the heads of Wipro's healthcare and manufacturing verticals. Mohd Haque will be leaving the company in June. Haque was also Wipro's inclusion and diversity lead for Americas. Along with Haque, SVP and head of the manufacturing and hi-tech business unit Ashish Saxena is exiting the company after nearly six years.
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