Mumbai-headquartered OnEMI Technology Solutions, the fintech company behind the Kissht platform, expects its assets under management (AUM) to grow by more than 40% in the financial year 2026-27 (FY27), driven entirely by organic expansion. The company also expects its cost of funds to decline by at least 100 basis points in the second half of…
The price of Guntur chilli has increased by anywhere between ₹500 and ₹3,000 per quintal, depending on the variety, over just a 20-day period, thanks to a surge in demand from foreign markets and a supply squeeze due to El Niño. At the same time last year, chilli prices were between ₹15,000 and ₹20,000 per…
Shares of Shree Cementfell as much as 3.6% on Friday after the company reported a weaker-than-expected June quarter. Standalone net profit fell 29.2% year-on-year to ₹438 crore, missing the CNBC-TV18 poll estimate of ₹499 crore. Revenue rose 13.6% to ₹5,622.7 crore from ₹4,948 crore a year earlier, marginally beating the Street estimate of ₹5,597 crore….
Shares of Dixon Technologies Ltd. fell as much as 5% on Friday, July 31, in response to its June quarter results which turned out to be mixed, compared to analyst expectations. The company’s revenue grew by 21.1% from the same quarter last year to ₹15,548 crore. A CNBC-TV18 poll was expecting the figure to be…
Tata Steel expects its India business to see some pressure on realisations and per-tonne profitability in the second quarter, even as higher volumes could provide support. The company is forecasting Q2 realisations to be around ₹1,500 per tonne lower sequentially, while coking coal costs are expected to rise by about $5 per tonne. However, higher…
Bengaluru-headquartered Indegene expects its revenue growth for the financial year 2026-27 (FY27) to exceed last year’s 23-24% as a strong deal pipeline, broad-based client demand and new customer additions support momentum. The tech-native commercialisation company serving the life sciences and biopharmaceutical industries also expects margins to recover to the 19-20% range by the January-March 2027…
The equity benchmark indices BSE Sensex and NSE Nifty extended gains for the third straight trading session on Friday (July 31), with the Sensex rising 166 points to close at 78,095 and the Nifty 50 advancing 66 points to settle at 24,384, supported by earnings-driven buying in financials and select heavyweight stocks. The Nifty Bank…
New Delhi-headquartered Filatex India, a manufacturer of synthetic filament yarns, expects to report ₹4,600-4,700 crore in revenue in the current financial year 2026-27 (FY27), with profit likely to grow by around 30% as new capacity additions become operational in the coming months. Madhusudhan Bhageria, Managing Director of Filatex India, said the company’s expansion projects, seasonal…
Foreign investors are dumping Indian bonds, rattled by a fresh surge in oil prices from the US-Iran conflict and the absence of any announcement on India’s global bond index inclusion. They have net sold ₹65 billion ($682 million) of securities under the Fully Accessible Route over the past five sessions, clearing house data showed. The…
The Indian rupee strengthened 30 paise to close at ₹95.38 against the US dollar on Friday (July 31), extending its weekly gains amid sustained support from the Reserve Bank of India (RBI), a weaker US dollar and softer crude oil prices. The currency had opened at a three-week high of ₹95.39, up 29 paise from…
