LTIMindtree, Kajaria Ceramics and Piramal Pharma to see some action today

08 May 2024 Evaluate

LTIMindtree has collaborated with IBM to establish a global, joint Generative AI Center of Excellence (CoE) in India, a co-innovation center combining the power of the IBM watsonx AI and data platform and the engineering skills of LTIMindtree. Open innovation drives the growth of enterprise AI technology, helping organizations apply AI-infused solutions to solve business challenges. It is this same open innovation which plays a key role in the LTIMindtree and IBM collaboration.

Kajaria Ceramics has received approval for a project to set up a manufacturing facility of tiles adhesive at Gailpur (Rajasthan), having annual capacity of 36000 tonnes with an estimated project cost of Rs 15 crore. The company already has presence in the tile adhesive segment through outsourcing model. The Company is now setting up its own manufacturing facility for the same. The Board of Directors of the Company at their meeting held on May 7, 2024, has approved the same.

Piramal Pharma’s Consumer Products Division (CPD) has launched its new digital campaign for 'Polycrol,' its trusted antacid brand, featuring actor, Jisshu Sengupta as the brand ambassador. This collaboration marks a significant milestone in Polycrol's journey to redefine the narrative surrounding digestive wellness. With a rich legacy spanning over four decades, Polycrol has earned the trust and confidence of millions, establishing itself as the go-to solution for those seeking quick and long lasting relief from acidity.

Avantel has received a purchase order worth of Rs 4.26 crore from Mazagon Dock Shipbuilders. The said order is to be executed by November 2, 2024. Recently, the company had received a purchase order worth of Rs 2.29 crore from Bharat Electronics

InterGlobe Aviation (IndiGo) has unveiled additional flights between Delhi and Phuket, Thailand, starting from June 01, 2024. Responding to the growing demand from business and leisure travellers, the airline is doubling its current frequency from 7 to an impressive 14 flights per week. With the advantage of visa-free entry to Thailand, these additional flights will boost travel, trade, and tourism between both nations, thereby fostering stronger bilateral ties.

Bharti Airtel has deployed additional sites in Haora and Hugli Districts under its rural enhancement project. In this year alone, Airtel has doubled down on its commitment to the states and has invested additional capex to enhance its network connectivity for seamless experience on 4G, 5G, Broadband and Fiber. The addition of fresh fiber capacity will support the growth of demand for high-speed data services in these regions.

Dr. Reddy's Laboratories has reported results for fourth quarter (Q4) ended March 31, 2024. The company has reported 53.90% rise in its net profit at Rs 1,034.80 crore for the quarter under review as compared to Rs 672.40 crore for the same quarter in the previous year. Total income of the company increased by 13.89% at Rs 5,317.50 crore for Q4FY24 as compared Rs 4,668.80 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 36.42% rise in its net profit at Rs 1,309.80 crore for fourth quarter ended March 31, 2024 as compared to Rs 960.10 crore for the same quarter in the previous year. Total income of the company increased by 13.29% at Rs 7,311.30 crore for Q4FY24 as compared Rs 6,453.70 crore for the corresponding quarter previous year.

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