JSW Steel Ltd on Friday released its fiscal first quarter earnings report with profit at Rs 2,209 crore, surpassing estimates. The company reported a surge of 154.79 per cent in comparison to Rs 867 crore recorded during the corresponding quarter of FY25. The performance was buoyed by robust domestic demand and lower input costs. JSW
LTIMindtree Ltd on Thursday released its fiscal first quarter earnings report with profit at Rs 1,254.10 crore, posting a growth of 10.61 per cent in comparison to Rs 1,133.80 crore recorded during the first quarter of FY25. It posted revenue from operations at Rs 9,840.60 crore. This was 1.63 per cent higher than Rs 9142.60
The market regulator, the Securities and Exchange Board of India (SEBI), has granted renewal of the recognition of Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL) to act as a clearing corporation for a three-year three years period. Beginning from July 31, the renewal will be valid till July 30, 2028. ALSO READStocks making the biggest
India has achieved 50% of its installed energy capacity from renewable sources. The achievement comes 5 years before the set target of 2030 under the Paris Agreement, says the Ministry of New and Renewable Energy. Pralhad Joshi, Union Minister for New and Renewable Energy, said in a post on X that India’s total installed energy
HDFC Bank has completed its first full financial year after merging with HDFC. With the integration phase now behind, the bank is focusing on growth and transformation. As per a report by CNBC-TV18, in FY25, the bank’s deposits grew 2.5 times faster than its loans. This helped bring down the credit-to-deposit ratio to 96 per
By Sugandha Mukherjee When women field staff at Dr Reddy’s Laboratories began complaining of persistent headaches, the culprit was not stress; it was their helmets. The protective headgear, designed for men, was heavy and caused discomfort. For a role that involves riding to meet doctors up to 13-14 times a day, it was a barrier.
E-commerce giant Flipkart has rolled out a new liquidity event for eligible employees holding vested stock options. Employees who were with the company between July 6, 2022, and July 5, 2025, will have the option to sell up to 5% of their vested ESOPs, according to an internal email to staff from CEO Kalyan Krishnamurthy.
Hindustan Unilever (HUL) has named Priya Nair as its next Chief Executive Officer and Managing Director. Her appointment marks a significant milestone in the company’s history, as no woman has held the top post at HUL before. She will take charge on August 1, replacing Rohit Jawa, who is stepping down on July 31. Jawa
It seems that the high-interest-rate regime, which prevailed for almost three years, has come to an end in the wake of the RBI slashing the repo rate by 100 basis points (bps) this year. However, there are some private sector banks that are still offering attractive interest rates on their fixed deposits (FDs) for senior
IndiGo airline operator InterGlobe Aviation reported a drop in first-quarter profit on Wednesday. The company posted a profit of Rs 2,176.3 crore for the April–June period, down 20.25 per cent from Rs 2,728.8 crore a year ago, and down 29 per cent sequentially from Rs 3,067.5 crore in Q4 FY25. Revenue from operations stood at
It was a quiet yet resilient day on Dalal Street as benchmark indices ended the session on a flat note with a slight upward tilt. The Sensex settled at 81,465.28, up 0.16%, while the Nifty wrapped up the day at 24,855.05, also gaining 0.18%. Meanwhile, the Nifty Bank ended the day at 56,150, down 0.13%.
It seems that long waits and weeks of uncertainty after filing income tax returns (ITRs) have become the thing of the past, at least for many individual taxpayers. This year, many taxpayers are receiving their income tax refunds within mere hours of e-filing their income tax returns. This is a major shift from past years
The Mumbai Metropolitan Region Development Authority (MMRDA) has deposited Rs 560.21 crore with the Registry of the Bombay High Court in an arbitration matter that involved Mumbai Metro One Private Limited (MMOPL). MMOPL, a subsidiary of Anil Ambani-promoted Reliance Infrastructure (R-Infra), is a joint venture between the company and MMRDA. While Reliance Infra holds 74
