Thu, Feb 15, 2024 12:33 PM
Trejhara Standalone December 2023 Net Sales at Rs 2.97 crore
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Auto major Mahindra and Mahindra (M&M) shares will be in focus on Friday after the company reported 13% YoY growth in its standalone net profit for the quarter ended September 30, 2024, to Rs 3,841 crore, which is above the Street expectations of Rs 3,581 crore. Revenue from operations in the reporting period increased 12% YoY to Rs 28,919 crore.
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Nasdaq-listed Freshworks share price jumped more than 28% after the company announced upbeat third-quarter results along with a $400 million share buyback. However, the Saas major also said it would lay off its 660 employees to streamline operations. Freshworks said it will trim 13% of its workforce, or 660 employees, globally.
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City gas distribution company Mahanagar Gas (MGL) has signed a pact with America's International Battery Company to form a joint venture to foray into battery cell manufacturing, the company informed on November 7. MGL will be investing an aggregate sum of Rs 230 crore, with MGL and IBC subscribing in the agreed proportion of 44:56 shareholding percentage, respectively.
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