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Business News/ Companies / Companies News Today highlights on November 5, 2024: L&T boosts AI, data centre ambitions with E2E Networks deal
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Companies News Today highlights on November 5, 2024: L&T boosts AI, data centre ambitions with E2E Networks deal

22 min read . Updated: 05 Nov 2024, 10:07 PM IST
Livemint

Companies News Today highlights on November 5, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Companies News Today Live Updates: L&T boosts AI, data centre ambitions with E2E Networks dealPremium
Companies News Today Live Updates: L&T boosts AI, data centre ambitions with E2E Networks deal

Companies News Today highlights: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you're an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly changing business environment.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

05 Nov 2024, 10:07:49 PM IST

Company News Today Live: L&T boosts AI, data centre ambitions with E2E Networks deal

  • This deal will help the engineering major to speed up its offerings in the data centres space by 18-30 months, as it gives the company access to E2E’s existing AI cloud platform.
Read the full story here

05 Nov 2024, 08:58:15 PM IST

Company Results Today Live: GAIL India Q2 Results: Net profit rises 10% to ₹2,689.67 crore, revenue up marginally

  • The state-owned GAIL India announced a 10 per cent rise in net profits for the second quarter to ₹2,689.67 crore, compared year-on-year. The company also reporter marginal revenue rise for the July to September quarter, reported PTI. 
Read the full story here

05 Nov 2024, 08:44:39 PM IST

Company Business News Today Live: Three decades on, Sony India on track to achieve $1-billion revenue milestone

  • Efforts to diversify Sony’s revenue stream beyond TV, coupled with a rising demand for expensive products is helping the company reach a new revenue milestone exactly 30 years after it was registered in the country, managing director Sunil Nayyar said.
Read the full story here

05 Nov 2024, 08:42:33 PM IST

Company Results Today Live: Dr. Reddy’s to expand GLP-1 portfolio, eyeing obesity and diabetes drug markets

  • With Novo Nordisk’s patent on semaglutide set to expire in India, Dr Reddy’s is among the forerunners trying to bring the drug to India
Read the full story here

05 Nov 2024, 07:10:40 PM IST

Company Business News Today Live: Wakefit gave legacy mattress players a back pain. But can it stay a disruptor?

  • There’s nothing like a good night’s sleep. And for that, you need a good mattress. In the last few years, battles to dominate the mattress market have erupted. Wakefit, a startup, is giving a tough fight to Sheela Foam, a legacy player. Who will win?
Read the full story here

05 Nov 2024, 07:00:30 PM IST

Company Business News Today Live: Ranjan Pai’s Claypond backs Easy Home Finance in $35 million funding round

  • The Mumbai-based startup last raised $15 million in its Series A round in 2021. The company claims to currently be present in more than 100 cities, with over ₹500 crore in loan disbursals.
Read the full story here

05 Nov 2024, 06:39:10 PM IST

Company News Today Live: Conditional court order paves way for Anastasia Oberoi’s return to Oberoi Hotels

  • She has been assured by her siblings Vikramjit Singh Oberoi and Natasha Oberoi, and her cousin Arjun Singh Oberoi that she will be reappointed as director of Oberoi Hotels and Oberoi Properties at the annual general meeting on 5 November.
Read the full story here

05 Nov 2024, 05:32:32 PM IST

Company News Today Live: JSW Steel and Korean steel-maker eye $7.7 billion investment in Odisha steel plant: Report

  • JSW Steel, along with Korean steel maker POSCO, plans a $7.7 billion investment in Odisha's steel plant to capitalize on the market demand, reported the news agency Reuters on Tuesday. 
Read the full story here

05 Nov 2024, 05:24:43 PM IST

Company News Today Live: Uber’s real threat isn’t from robots

  • The ride-hailing pioneer is contending with slowing bookings growth, rising insurance costs and an alliance between DoorDash and Lyft.
Read the full story here

05 Nov 2024, 05:06:22 PM IST

Company News Today Live: Mystery surrounds discovery of TSMC Tech inside Huawei AI chips

  • The apparent use of TSMC circuitry, believed to have first routed through a Chinese chip firm, shows the difficulties for the US in enforcing a tech crackdown.
Read the full story here

05 Nov 2024, 04:35:44 PM IST

Company Results Today Live: Titan Q2 Results: Net profit falls 23% to ₹704 crore; revenue rises 25.8% YoY

  • Titan Q2 Results: Net profit falls 23% to ₹704 crore; revenue rises 25.8% YoY
Read the full story here

05 Nov 2024, 04:25:42 PM IST

Company Results Today Live: Dr Reddy's Laboratories Q2 Results: Net profit drops 9.5% to ₹1,342 crore on weak US demand, revenue up 16.5% YoY

  • Dr Reddy's Laboratories Q2 Results: Net profit drops 9.5% to ₹1,342 crore, revenue up 16.5% YoY
Read the full story here

05 Nov 2024, 12:53:52 PM IST

Top Company Leader Today Live: ‘Do the tough things but…’: Chanel CEO Leena Nair says people don’t care for empathetic leaders

  • Chanel's CEO Leena Nair champions compassionate leadership, highlighting the significance of kindness and empathy in decision-making. She values diverse perspectives in discussions and calls for more leaders who prioritize compassion in business.
Read the full story here

05 Nov 2024, 12:44:01 PM IST

Company News Today Live: Apollo Green Energy plans ₹1,500 crore capex to capitalize on India’s renewables push

  • Apollo Group's engineering arm plans to invest ₹1,500 crore for capacity expansion and renewable energy projects, primarily funded by an IPO next year.
  • Apollo Green Energy aims to nearly triple its portfolio to ₹10,000 crore, leveraging India's renewable energy targets.
Read the full story here

05 Nov 2024, 11:59:10 AM IST

Company Results Today Live: Indian Railway Finance Corporation Q2 Results Live: Profit Rise by 4.05% YoY

  • Indian Railway Finance Corporation Q2 Results Live: Revenue increased by 1.97% YoY & profit increased by 4.05% YoY.
Read the full story here

05 Nov 2024, 11:59:06 AM IST

Company Results Today Live: Exide Industries Q2 Results Live: Profit Falls by 14.15% YoY

  • Exide Industries Q2 Results Live: Revenue increased by 1.8% YoY & profit decreased by 14.15% YoY.
Read the full story here

05 Nov 2024, 11:58:59 AM IST

Company Results Today Live: Indian Railway Catering & Tourism Corporation Q2 Results Live: Profit Rise by 4.48% YOY

  • Indian Railway Catering & Tourism Corporation Q2 Results Live: Revenue increased by 6.9% YoY & profit increased by 4.48% YoY
Read the full story here

05 Nov 2024, 11:58:52 AM IST

Company Results Today Live: Gland Pharma Q2 Results Live: Profit Falls by 15.74% YOY

  • Gland Pharma Q2 Results Live: Revenue increased by 2.36% YoY & profit decreased by 15.74% YoY.
Read the full story here

05 Nov 2024, 11:58:48 AM IST

Company Results Today Live: ABB India Q3 Results Live: Profit Rises by 21.38% YoY

  • ABB India Q3 Results Live: Revenue increased by 5.16% YoY & profit increased by 21.38% YoY.
Read the full story here

05 Nov 2024, 11:58:40 AM IST

Company Results Today Live: Raymond Q2 Results Live: Profit Falls by 62.43% YoY

  • Raymond Q2 Results Live: Revenue decreased by 53.64% YoY & profit decreased by 62.43% YoY
Read the full story here

05 Nov 2024, 11:58:34 AM IST

Company Results Today Live: Amara Raja Energy & Mobility Q2 Results Live: Profit Rises by 4.1% YOY

  • Amara Raja Energy & Mobility Q2 Results Live: Revenue increased by 9.85% YoY & profit increased by 4.1% YoY.
Read the full story here

05 Nov 2024, 11:58:25 AM IST

Company Results Today Live: Bata India Q2 Results Live: Profit Rises by 52.91% YOY

  • Bata India Q2 Results Live: Revenue increased by 2.2% YoY & profit increased by 52.91% YoY
Read the full story here

05 Nov 2024, 10:33:34 AM IST

Top Company Leader Today Live: Meet Musk’s fixer, the powerful executive reshaping Tesla

  • Omead Afshar, known for his ability to mind-meld with the CEO, steps into the prominent role as the auto business confronts challenges.
Read the full story here

05 Nov 2024, 09:26:51 AM IST

Company News Today Live: TGI Friday’s seeks buyer amid bankruptcy, revenue challenges

  • TGI Friday’s Inc. is speaking with potential buyers, a company attorney said Monday, and disclosed it suffered a “significant" revenue hit when it lost control of assets it used to secure $375 million in bonds it sold in 2017.
Read the full story here

05 Nov 2024, 08:24:10 AM IST

Company News Today Live: Embassy REIT chief Aravind Maiya steps down following SEBI directive; interim CEO to be appointed

  • Embassy Office Parks announced the immediate resignation of CEO Aravind Maiya following SEBI's directive to suspend him and appoint an interim CEO. 
Read the full story here

05 Nov 2024, 07:31:19 AM IST

Company News Today Live: KPMG Trims US Audit Staff by 4% to Counter Low Turnover Rate

  • KPMG LLP said Monday that it has cut roughly 330 people from its US audit business to combat near historic low employee turnover rates.
Read the full story here

05 Nov 2024, 07:25:36 AM IST

Company News Today Live: Meta extends ban on new political ads following US Election: Report

  • The extension builds on policies Meta first enacted in 2020 to combat the spread of false information in the critical days surrounding an election.
Read the full story here

05 Nov 2024, 06:00:07 AM IST

Company Business News Today Live: Volkswagen’s woes illustrate Germany’s creeping deindustrialisation

  • And intensify the problems of Olaf Scholz’s fractious coalition
Read the full story here

05 Nov 2024, 05:45:06 AM IST

Company News Today Live: Cement-to-textiles Ramco Group plans makeover, create holdco, reshuffle ownership

  • By eliminating cross-holdings, Ramco aims to enhance its market position, particularly for its leading cement business. It is on a mission to enhance its appeal to foreign investors by reconfiguring its corporate structure and consolidating its holdings.
Read the full story here

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