DSIJ Mindshare

The acquisition will bolster Tech Mahindra’s end-to-end digital product engineering capability across Design, Build, and Test, by employing Loadstone’s expertise in effective utilization of data strategy and providing end-to-end product quality assurance across hardware, software, and data layers

We Make Websites will add to Tech Mahindra’s capabilities in the Experience Design pillar and help build an industry-leading Shopify Practice.

In the Board Meeting held on October 21, the scheme of amalgamation has been approved by the members. The amalgamation will consolidate BPCL’s presence in Bina facilitating future expansion and diversification in the region. BPCL, which is a Maharatna PSU holds 14-15 per cent of the country’s total refining capacity. Amalgamation is expected to enhance the valuation of BPCL bound for privatization by enhancing its refining capacity. 

Consolidated revenue stood at Rs 12016 crore for the quarter, a 15.69 per cent growth compared to the same quarter last year. 

The EBITDA margin of the cement maker stood at 22.59 per cent with a loss of 338 bps on a YoY basis. Despite reduced EBITDA margins operational efficiencies partially offset the negative impact of increased output and freight costs. PAT margins were at 10.90 per cent with a decline of 33 bps on a YoY basis.

TPG investment in the EV segment, strong future potential in the EV space, positive quarterly wholesale numbers, strong order book in the luxury car segment and extra bullish market sentiment has led to a huge rally in Tata Motors in the recent past and is expected to continue in the foreseeable future for the market leader in commercial and passenger vehicles. 

Tata Motors  Ltd spiked 20.4 per cent to Rs 519.95. Tata Motors – DVR also soared to Rs 237.30. The stock was the second biggest gainer in 'A' group. This mind-boggling rally was on the news of TGP Group to acquire an 11-15 per cent stake in TML EV Co,