ABB India Q4CY24 (YoY) Profit zooms 56% to Rs 528.4 crore Vs Rs 338.7 crore Revenue grows 22% to £3,364.9 crore Vs £2,757.5 crore Persistent Systems shares gain 4% as JP Morgan advises ‘buy the dip’ with 30% upside potential. Bharti Airtel Promoter entity Indian Continent Investment is likely to sell a 0.8% stake in Airtle via block deals. Thomas Cook India, along with its group company SOTC Travel, has signed an agreement with Malaysia’s Sabah Tourism Board. Zomato has introduced Nugget, an AI-native customer support platform. SBI Cards and Payment Services has approved the appointment of Salila Pande as Managing Director & CEO (nominated by State Bank of India) for two years, effective April 1, 2025, subject to necessary approvals. The Board has declared an interim dividend of Rs 2.50 per equity share for FY25. The company’s subsidiary, Deepak Mining Solutions, has increased its shareholding in its Australian subsidiary, Platinum Blasting Services Pty Limited, from 65% to 85% by buying shares from other existing shareholders for 11.78 million AUD (Rs 64.1 crore). Krishna Institute of Medical Sciences has taken over the operations and management of UAIMS Hospital (Ushahkal Abhinav Institute of medical Sciences) in Sangli, Maharashtra. This strategic partnership will also enable KIMS to exercise a call option (not an obligation) to acquire a majority stake in UAIMs Hospital in the coming years.
