Fri, Nov 15, 2024 9:41 AM
CIEL HR to file draft papers for Rs 450-crore IPO today
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Prabhudas Lilladher's research report on Hindustan Aeronautics. Hindustan Aeronautics (HAL) reported 6.0% YoY revenue growth in Q2FY25 with EBITDA margin increasing by 33bps YoY to 27.4%. During the quarter, HAL secured an order valued at ~Rs260bn for 240 AL 31-FP engines to power Sukhoi Su-30 fleet, with deliveries scheduled over an 8-year period starting Sep’25.
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Infosys co-founder NR Narayana Murthy defended India’s information technology (IT) services industry amid criticism from some quarters that the mindset is not letting it build foundational large language models (LLMs). Murthy argued that rather than blaming the services sector, the nation should focus on building solutions atop existing LLMs.
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Elon Musk is filling leadership positions at X Corp, formerly Twitter, and has hired former executive of streaming platform Tubi, Mahmoud Reza Banki as the chief financial officer. This comes even as billionaire Musk is set to take up greater role in the newly set up Department of Government Efficiency - DOGE - in an attempt to cut down on Federal government spending under the new administration.
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