For patients, the immediate impact is a reduction in the final cost of therapies that often run into lakhs per month.
Williams, Bharti join camp, signalling new chapter for Indian football
ABB reported a weak quarter. Revenue was at Rs 2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at Rs 540 crore, up 23 per cent and net profit at Rs 440 crore.
ABB India's March quarter results (Q1CY24) were led by strong margin performance. Revenue was, however, largely in line with estimates at Rs 3,080 crore (up 28 per cent Y-o-Y and up 12 per cent Q-o-Q). The growth was across electrification (30 per cent Y-o-Y), process automation (73 per cent Y-o-Y) and robotics & motion (8 per cent Y-o-Y).
Post-election capital expenditure (capex) has been weak at 2 per cent year-on-year (Y-o-Y) in M9FY25. The FY25 revised estimates (RE) indicate 7 per cent growth in FY25 against FY24, implying 21 per cent Y-o-Y growth in Q4FY25 government capex.
Buying stocks during a dip, says Amar Nandu, research analyst, Samco Securities, can lead to higher compounding returns when the uptrend begins.
ABB has been stirred to greater heights as a strong order book position has prompted improved quarterly results from the company.
Sukanya Verma lists 15 scenes that reveal facets of Salman outside the formula.
As order books gain from India's increased capital outlay, some large capital goods and engineering companies are together spending over Rs 11,500 crore in creating new facilities, data shows. Nine engineering and capital goods companies, where data was available, including Siemens, Larsen & Tourbo (L&T) and KEC International, have a combined capital expenditure (capex) of about Rs 11,500 crore or more. Others such as ABB India and Thermax Global are also adding capacities.
Power equipment major ABB India on Monday also said it would invest $100 million (Rs 450 crore) over three years in expanding its manufacturing base in the country.
ABB, a leading power and automation technology group, announced on Wednesday its decision to establish a dedicated engineering and operations centre in India.
ABB, a global power and automation technology group, will offer shareholders of ABB Ltd, its listed subsidiary in India, Rs 900 per share to increase stake in the company to 75 per cent from the present 52.1 per cent.
Sweden has conferred the Royal Order of the Pole Star on Ravi Uppal, vice-chairman and managing director of ABB India, in recognition of his contribution to promoting Indo-Swedish relations over many years.
Asea Brown Boveri has posted a 41 per cent increase in net profit to Rs 8.75 crore (Rs 87 million) for the first quarter ended March 31, 2003 when compared with Rs 6.20 crore (Rs 62 million) for the corresponding quarter last fiscal.\n\n\n\n
Engineering firm ABB India on Tuesday announced it has secured a Rs 289 crore (Rs 2.89 bn) order from Delhi Metro Rail Corporation for supply of electrification package for the second phase of the metro rail project.
Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.
Amit A Shah holds a stake in 180 listed entities, according to data disclosed in his election affidavit.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
Among the 30 Sensex companies, Larsen & Toubro, Power Grid, NTPC, State Bank of India, Reliance Industries and HDFC Bank were the biggest laggards. Sun Pharma and Nestle were the only gainers.
Ever wondered why Hrishikesh Mukherjee's 1973 musical Abhimaan, the story of two singers who happened to be married to one another, has three voices singing for Amitabh Bachchan but only one voice, Lata Mangeshkar, for Jaya Bachchan?
What do Salman Khan, Shah Rukh Khan, Hrithik Roshan, Deepika Padukone, Katrina Kaif and Ashutosh Rana have in common?
Ola's factory will create 10,000 jobs and serve as the company's global manufacturing hub for India and international markets.
India Inc could be embarking upon a new phase of capital expenditure (capex) cycle, observed analysts, and suggest its revival would lead to a rerating of industrial stocks. Assisted by a property upcycle, analysts at Jefferies said several government initiatives were likely to drive capex. Indicators, they said, include a private project announcement at Rs 25 trillion for 2022-23 (up 150 per cent from pre-pandemic levels) and credit growth at about 16 per cent, which is closer to pre-pandemic highs.
'On Saturday night, I went to the cinema to see my film for the first time as a member of the audience.' 'What I saw left me overwhelmed.' 'So much love!'
'Our factories are world-class and are becoming increasingly attractive for our global business leaders to use to serve other markets.'
Operating margins for some companies dipped in Q3, 2021-22 but this sector could be nearing the bottom of the cycle in terms of profits.
Leading stock exchange NSE has tweaked the constituents of its major indices with Adani Group's two companies -- Adani Wilmar and Adani Power -- all set to make their way into some of the Nifty indices from March 31, 2023. Adani Wilmar will be part of Nifty Next 50 and Nifty 100 indices, while Adani Power will be included in Nifty 500, Nifty 200, Nifty Midcap 100, Nifty Midcap 150, Nifty LargeMidcap 250, and Nifty Midsmallcap 400 indices. All the changes in the indices will be effective from March 31 this year, the exchange said in a late night statement on Friday.
Asea Brown Boveri Ltd okayed sale of its metering business.
The engineering and construction (E&C) sector delivered an excellent performance in the last two financial years (FY2021-22 or FY22 and FY23's nine-months) and there's reason to believe that FY24 will also see outperformance. The sector has emerged from the pandemic with stronger balance sheets and more rational cost structures. It has a big order book and it should see new order flows accelerate in FY24.
Maharashtra Chief Minister Eknath Shinde was in element at the Gateway of India.
Hyderabad will host India's first ever ePrix on February 11.
Hyderabad will be the first time a major international racing event
The US Drug maker requested the court to pass an order to restrain DRL from commercially manufacturing, using, offering for sale, selling, marketing, distributing, or importing DRL's generic paricalcitol injectable products prior to the expiration of said patents.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances