Maruti Suzuki share gains 2% as net profit jumps 48%; Find out what brokerages have to say

In early trading session on Monday, Maruti Suzuki’s stock price surged over 2% following the company’s announcement of robust Q4 results. Maruti Suzuki shares climbed by as much as 2.2% to reach Rs 12,966 each on the BSE, propelling its market capitalization above Rs 4 lakh crore.

Maruti Suzuki in Q4FY24

Maruti Suzuki India, the country’s leading passenger car manufacturer, disclosed a net profit of Rs 3,878 crore in Q4FY24, marking a substantial 48% growth compared to Rs 2,623 crore in the same period last year.

During the quarter, the company’s revenue from operations experienced a notable uptick of 19.3%, reaching Rs 38,235 crore from Rs 32,048 crore year-over-year (YoY).

TCS drives market capitalisation of seven of India’s top 10 most valued firms

The market capitalisation of seven of India’s top 10 most valued firms surged by Rs 1,72,225.62 crore last week, driven by Tata Consultancy Services (TCS) amid a rally in equities.

The BSE benchmark rose 522.74 points, or 0.65%, during the week. The 30-share BSE Sensex climbed 622 points, or 0.78%, closing at a record 80,519.34 on Friday. It peaked at 80,893.51, up 996.17 points or 1.24%, during trading.

TCS saw its market capitalisation jump by Rs 62,393.92 crore to Rs 15,14,133.45 crore after reporting an 8.7% increase in net profit to Rs 12,040 crore for the June quarter.

TIME is Looking For America’s Top GreenTech Companies

This year, for the first time, TIME will debut a ranking of America’s Top GreenTech Companies, in partnership with Statista, a leading international provider of market and consumer data and rankings. This new list will recognize the most innovative, impactful, and successful companies whose aim is to reduce human impact on the environment.

Because many companies in this space are young, TIME and Statista are accepting applications as part of the research phase. An application guarantees consideration for the list, but does not guarantee a spot on the list, nor is the final list limited to applicants.

To apply, click here.

More information visit: https://www.statista.com/page/top-greentech-companies-us. Winners will be announced on TIME.com and in a print issue of the …

Illumina’s CEO Has Monkeypox in His Sights

As chief executive of San Diego-based genomic sequencing company Illumina, Francis deSouza feels well-placed to witness the world’s next great scientific transformation.

“I really believe that just like the 20th century was the era of the bit and the digital revolution, the 21st century is likely to be remembered as the era of the genome,” he says. “We’re seeing that play out in terms of genomic-based screening and diagnostics emerging, like Illumina’s offerings, but we’re also seeing the emergence of genomic-based medicine.”

DeSouza’s excitement is understandable. Well over a billion doses of mRNA vaccines—developed in record-time with the help of gene sequencing—have been safely deployed around the world to …

Bob Iger Outsmarting Ron DeSantis Is a Master Class in Taking on Bullies

The Florida troika of cronies Governor Ron DeSantis, activist Nelson Peltz, and former Marvel chairman Ike Perlmutter have met their match in Disney’s CEO Bob Iger. In a shot heard around the nation, Iger last week labeled Florida’s ambitious GOP governor “anti-business and anti-Florida” after outmaneuvering the state amid a dispute that began after Disney took a stand against the state’s so-called Don’t Say Gay legislation a year ago, prompting DeSantis to retaliate. Iger’s latest move mirrored the blistering response of Florida-based cruise line CEOs to DeSantis two years ago when he threatened them for requiring standard vaccine passports for their crews and passengers—at the request of those passengers and crews.

Iger’s wor…