Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday released its fiscal fourth quarter earnings with a profit growth 47.78 per cent on-year. Profit for the period came in at Rs 3,014.22 crore in comparison to Rs 2,039.66 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 8,488.44
For over a year now, Vedanta’s much talked about demerger plan has kept Dalal Street buzzing. The question now is when is the demerger likely? Billionaire Anil Agarwal’s mining to metals giant has indicated that the long anticipated split of Vedanta into five separate entities is firmly on track and is potentially expected by September
Akshaya Tritiya, as you may know, is one of the most auspicious days or muhurat to buy gold. The word Akshaya in Sanskrit means “never decreasing”, and since it is the third lunar day of the bright half of the spring season, it is called Tritiya. Akshaya Tritiya falls on the third day of the month of Vaishakh
PepsiCo bottler Varun Beverages Ltd on Wednesday released its quarter earnings report for the Q1 of CY2025 with profit at Rs 726.49 crore, posting a growth of 35.22 per cent in comparison to Rs 537.27 crore recorded during the corresponding quarter of previous year. It posted revenue from operations at Rs 5680.03 crore, up 29.15
Rupee has hit a high of 84.78 per dollar. This is the highest level since the beginning of 2025, driven by renewed geopolitical tensions and increased demand for the US dollar, which together exerted pressure on the local unit. Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market
Residential price growth may moderate to 3% to 4% in FY26 due to moderating demand and several planned launches, which could increase the inventory, said India Ratings in a report released on Monday. in the first nine months (9M) of FY25, the average price across the top eight cities increased at 8% yoy as compared
Infosys layoffs: In a fresh round of terminations, Infosys has let go of 195 more trainees at its Mysuru campus, according to a report by Moneycontrol. This marks the fourth round of layoffs at the Bengaluru-based IT giant, reportedly due to trainees failing internal assessments, as per the emails accessed by the outlet. This brings
UltraTech Cement has delivered a strong financial performance in the March quarter, but its stock could not hold ground. On Tuesday, share price of UltraTech Cement fell nearly 2, even as the company reported a 10% year-on-year jump in net profit to Rs 2,482 crore and a 13% rise in revenue to Rs 23,063 crore.
Health insurers may need to raise premiums by 3–5% to offset the loss of input tax credit (ITC) after the full GST exemption on individual life and health policies, Kotak Institutional Securities said in a report. The brokerage noted that despite a possible price hike, customers would still benefit from a 12–15% reduction in prices
The tax reforms unleashed by the government has missed an important segment of fast-moving consumer goods (FMCG), namely, detergents. The Rs 45,000-crore category, among the largest FMCG segments in India, continues to attract an 18% GST. There has been no rationalisation of tax there, even as some other daily-use items such as soaps, hair oils
Quant Mutual Fund is all set to make a first entry into the new-asset class Specialised Investment Fund allowed by Sebi. Founder & CIO Sandeep Tandon tells Ananya Grover that investors should not look at it in isolation but as a combination with other mutual funds. Excerpts: How should an investor look at SIFs from
To make India’s tax system simple and transparent, the government has announced historic reforms in the 56th GST Council meeting. The four tax slabs applicable till now have been reduced to only two major rates – 5% and 18%, while a special 40% slab has been introduced for luxury and harmful products or ‘sin goods’.
Kaynes Semicon, the semiconductor subsidiary of Kaynes Technology, is set to deliver its first chip from its outsourced semiconductor assembly and testing (OSAT) facility in Sanand, Gujarat, by the first week of October. The milestone comes less than 11 months after receiving approvals in September last year, reflecting one of the fastest execution timelines in
