internship for fresahers

Whatsapp us?

internship for college students

Talk to us?

NEWS

Posted On:
14-05-2024

Timely new launches, India outperformance key for Cipla's margin gains

The stock of pharma major Cipla gained over 5.6 per cent on Monday and was among the top gainers in the BSE 100 Index. While the March quarter performance was slightly below estimates, the stock gains were on the back of multiple new launches, improved outlook, and higher margin guidance for financial year 2025. Revenues in the quarter were up 7 per cent year-on-year, while operating profit gained 12 per cent, missing Street estimates. Adjusted for one-off gains, the net profit was up 22 per cent and was boosted by higher other income and lower interest costs.Revenue was led by steady growth in the US market, which was up 12 per cent year-on-year. This was due to improved demand in peptides, respiratory products, and sales of the generic version of the cancer drug, Revlimid. The active pharmaceutical ingredients business led on the sales front with a growth of 42 per cent, while the domestic sales were up 7 per cent year-on-year. Sales growth for financial year 2024 was, however, strong at 13 per cent, while operating profit too was strong at 23 per cent. The performance was led by higher off-take in the US generics and better execution in the branded generic segment in the India and South African market.
internship

Posted On:
14-05-2024

Lessors left stranded as NCLT defers Go First insolvency hearing to July 11

Engine lessors have been left stranded as the National Company Law Tribunal on Monday deferred its hearing in Go First’s insolvency case to July 11. The National Company Law Tribunal indicated that it needed more time to study the Delhi High Court's order that told the Directorate General of Civil Aviation (DGCA) to deregister all its 54 aircraft by May 3, 2024. Engine lessors urged the National Company Law Tribunal that their engines are connected to some of the deregistered aircraft and if these aircraft are required to leave the country after deregistration, their engines must also be deregistered.They also told the National Company Law Tribunal that Go First’s Resolution Professional had no jurisdiction left now that the Directorate General of Civil Aviation has deregistered all the 54 aircraft as per the Delhi High Court, and the Resolution Professional has not challenged this. The Resolution Professional on Monday declined to clarify the future course of action for the airline.Go First had filed for bankruptcy in May last year. Since then, the lessors have been locked in a battle with the former owner of the airline, lenders, and the resolution professional to take control of their aircraft.
internship

Posted On:
15-05-2024

Mankind Pharma in fray to acquire Advent's stake in Bharat Serums: Report

New Delhi-based Mankind Pharma is planning to acquire Mumbai-based biopharma firm Bharat Serums and Vaccines (BSV) from private equity player Advent PE, according to media reports. Advent is seeking a $2 billion valuation for the 100 per cent stake it owns in BSV. According to a report by CNBC-TV18, Advent is looking to exit BSV, which has been involved in women's health, critical care and emergency medicines, and assisted reproductive therapies for some time now. Business Standard was not able to verify the news till the time of going to press. Emails sent to Mankind Pharma and BSV did not elicit any responses till the time of going to press. Advent PE refused to comment on the matter. BSV is projected to report earnings before interest, taxes, depreciation, and amortisation of Rs 500 crore by the end of FY24 and Rs 650 crore by the end of FY25.
internship

Posted On:
15-05-2024

6-7% of overall annual expenses are on tech related aspects, says HDFC Bank

Country's largest private sector lender HDFC Bank spends 6-7 per cent of its overall expenses on technology-related aspects every year, a senior official said on Tuesday. Parag Rao, HDFC Bank head for payments and consumer finance, said the bank has been investing in digital capabilities amid "cloudification", where tasks are moved to the cloud.The comments come amid greater regulatory scrutiny on the technology front. "We spend about 6-7 per cent of our overall expenses on technology," he told reporters here on the sidelines of a digital credit card launch of the bank.He explained that the spends go up initially when the capital expenditure is higher and then go down gradually. About 50 per cent of the spend is on employees, while the rest is on remaining aspects like hardware, software and keeping the network operational, he said. It can be noted that HDFC Bank was the first major lender to be slapped with business restrictions like a pause on issuing new credit cards and also launching new online products over two years ago. It had to work around on the systems before the restrictions were completely lifted. Asked about the Reserve Bank's recent move to allow customers to choose between card networks, Rao said he does not see any business any impact from it.
internship

Posted On:
16-05-2024

Premium TVs to drive growth in segment for LG, expects to grow at 30%

In a major boost to its premium TV portfolio, LG Electronics on Wednesday launched 55 new AI-driven models, ranging from 43-inch to 97-inch, to tap into the growing Indian market for bigger screen sizes and retain its position as the market leader in the category. “Currently, the majority of the Indian market is at 32-inch. However, that market is not growing as the customers are increasingly looking to buy screen sizes upwards of 43-inch,” Abhiral Bhansali, business head- home entertainment at LG Electronics India, told Business Standard, at the launch of the new TV models here. The premium segment of the market is driving growth for the industry, Bhansali said. “More consumers are upgrading to larger screens as they want a cinematic experience at home. With the IPL going on, people also want to replicate the feeling of being in a stadium inside their homes. These factors are helping growth of the market, as people upgrade to 55-inch and 65-inch sets,” he said. With a 27.1 per cent share, LG is the market leader in the TV segment in the country. The Korean electronics major expects to grow at 30 per cent this year, in line with the 25 per cent growth the company witnessed last year. The 55-inch TV category is fast becoming a bigger chunk of the market for the company, recording a growth of 30-35 per cent, he said.
internship
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98