The Great Eastern Shipping Company (GE Shipping) reported a more than two-fold jump in net profit for the June quarter, helped by strong growth in its shipping business and improved operating margins. The company’s consolidated net profit rose to ₹1,309 crore in the first quarter of FY27 from ₹505 crore in the same period last…
Torrent Power Ltd. reported a mixed set of June-quarter earnings on Monday, with revenue rising modestly but profit declining as higher finance costs and disruptions in LNG supplies weighed on overall performance. The integrated power utility reported a 12.7% decline in net profit to ₹639 crore from ₹731.4 crore a year ago. Revenue, however, increased…
Benchmark indices on Wall Street began the trading week on a strong note on Monday, August 3, as hopes of yet another US-Iran deal sent oil prices tumbling and bond yields cooling off slightly from elevated levels. The Dow Jones surged nearly 700 points to a record closing high. The S&P 500 gained 1.5% and…
One97 Communications, the parent of Paytm, is set for a block deal worth up to ₹2,021 crore ($210 million) on Tuesday, July 4, with early investors Saif Partners and Elevation Capital looking to pare their holdings through a secondary share sale. The transaction involves the sale of up to 1.49 crore equity shares, equivalent to…
U.S. stocks opened sharply higher on Monday after President Donald Trump said he had halted planned military strikes against Iran, boosting hopes for renewed diplomacy and sending crude oil prices sharply lower on the first trading day of August. The Dow Jones Industrial Average climbed more than 600 points, or 1.1%, in early trading. The…
Krishna Institute of Medical Sciences (KIMS) reported a sharp decline in net profit for the June quarter, despite strong growth in revenue and operating profit. The hospital chain’s consolidated net profit fell 47.2% year-on-year to ₹41.5 crore in the first quarter of FY27 from ₹78.6 crore a year earlier. Revenue from operations, however, rose 35.3%…
Real estate developer Kalpataru Ltd on Monday (August 3) reported a consolidated net loss of ₹26.5 crore for the first quarter, compared with a loss of ₹49.4 crore in the corresponding period last year. Revenue from operations increased 6.5% year-on-year to ₹472.2 crore from ₹443.2 crore in Q1 FY26. The company reported an EBITDA (earnings…
UPL Ltd. began FY27 with a steady performance in what is typically a seasonally weaker quarter, reporting results that were broadly in line with Street expectations even as EBITDA growth fell short of the company’s earlier guidance. Management, however, maintained its outlook for another year of profitable growth, signalling confidence in underlying demand and execution….
Textile-to-retail conglomerate Arvind has launched a qualified institutional placement (QIP) to raise around ₹500 crore, with an indicative issue price of ₹505 per equity share, according to the terms of the issue. The indicative issue price represents a discount of 4.53% to the company’s closing share price on August 3. The issue carries a lock-in…
Realty major DLF Ltd on Monday (August 3) reported a consolidated net profit of ₹793.9 crore for the first quarter, up 4.1% from ₹762.7 crore in the corresponding period last year. Revenue declined 52.9% year-on-year to ₹1,280.3 crore from ₹2,716.7 crore in Q1 FY26. The company’s EBITDA (earnings before interest, taxes, depreciation and amortisation) fell…
