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The move to buy back shares is seen as an attempt by the company to boost investors confidence, which suffered a setback after its shares were delisted in July by the New York Stock Exchange due to its failure to disclose FY22 annual audited results within the mandated deadline. It eventually published its results on October 12, 2023. ....
"During the second quarter of the financial year 2023-24, market conditions for our business have been consistent. We are still seeing that FGD (flue-gas desulfurisation) and Hydro PSP opportunities are converting to orders slower than anticipated," GE Power India Managing Director Prashant Jain said in the statement. ....
The ET Soonicorns Summit 2023, an Economic Times initiative, to track the evolving frontiers of growth in the startup-tech sector will bring together key stakeholders and decision makers from within Indian tech-startup ecosystem to foster conversations, connections, and collaborations that can equip entrepreneurs, including those from Bharat, to navigate the ever-evolving tough market conditions and grow to build sustainable, scalable businesses of the future. ....