Dredging Corporationof India reported a sharp improvement in its financial performance for the quarter ended June 30, 2026, returning to profitability on the back of strong revenue growth. The company reported a net profit of ₹11.23 crore in Q1FY27, compared with a net loss of ₹23.33 crore in the corresponding quarter last year. Revenue from…
The first weekly expiry after the introduction of the Closing Auction Session (CAS)-based closing price determination system ended on a volatile note, with the Nifty recovering sharply during the closing auction after remaining under pressure for most of the trading session. After breaking above the key 24,400 resistance on Monday, the Nifty snapped its four-session…
Offer for Sale in the Life Insurance Corporation of India (LIC) received an overwhelming response from the institutional investors and was over-subscribed 3.32 times of its base size. This enthusiastic participation reflects robust investor confidence and the depth of India’s capital markets. In view of the exceptional demand, the Government has decided to exercise the…
A busy earnings calendar continues on Wednesday, with several companies set to announce their June quarter results, while the RBI’s monetary policy de…Read More 1/9 FSN E-Commerce Ventures Ltd | The parent company of Nykaa, reported a sharp improvement in profitability for the June quarter, with net profit more than tripling year-on-year. The company’s consolidated…
JioBlackRock Nifty 50 ETF debuts: Jio Financial Services and global asset manager BlackRock on Tuesday had launched the JioBlackRock Nifty 50 ETF, marking their formal entry into India’ exchange-traded fund (ETF) segment through their asset management joint venture. What the New ETF offers The JioBlack Rock Nifty 50 ETF will track the Nifty 50 Index,…
SEBI has proposed allowing the issuance of Depository Receipts (DRs) against units of REITs and publicly listed InvITs. The operational framework will be notified through a separate circular and is proposed to be modelled on the existing Equity Depository Receipt Framework. Privately listed InvITs have been kept out of the proposed framework. Why is…
The rupee slipped 3 paise to close at 95.40 (provisional) against the US dollar on Tuesday amid elevated crude oil prices and weakness in domestic equities. Forex traders said a strengthening US dollar also put pressure on the domestic currency, but recent foreign fund inflows cushioned the fall. At the interbank foreign exchange, the rupee…
US stock futures traded modestly higher on Tuesday, August 4, with technology shares leading gains as investors assessed a fresh batch of corporate earnings while continuing to monitor uncertainty surrounding developments in West Asia. Nasdaq-100 futures rose about 0.9%, buoyed by a more than 16% jump in Palantir Technologies in premarket trading after the data…
LIC Stake Sale News: The government will exercise the green shoe option to sell an additional 4% stake in Life Insurance Corporation of India (LIC) through the ongoing Offer for Sale (OFS). The floor price for the OFS has been fixed at Rs 382 per share. The move is aimed at increasing public shareholding in…
Telecom giant Bharti Airtel delivered strong Q3 results on Tuesday, with revenue and operating profit beating Street expectations, even as net profit came in slightly below estimates. Growth was driven by sustained momentum across its India and Africa businesses, alongside continued gains in premium mobile subscribers and broadband customers. For the quarter ended June 2026,…
