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…
Diversified conglomerate ITC Ltd on Friday (July 31) reported a standalone net profit of ₹3,578.8 crore for the first quarter, down 27.1% year-on-year from ₹4,912 crore in the corresponding quarter last year. The company’s revenue declined 14.4% to ₹16,908 crore from ₹19,761 crore a year ago. At the operating level, earnings before interest, taxes, depreciation…
Maruti Suzuki India reported a mixed set of standalone earnings for the June quarter, with better-than-expected profit offset by a sharp miss on operating performance as margins came under pressure despite robust revenue growth. For the quarter ended June 30, 2026, India’s largest carmaker reported a standalone net profit of ₹3,352 crore, down 10.8% from…
Housing finance company Aadhar Housing Finance Ltd on Friday (July 31) reported a 19% year-on-year rise in net profit to ₹282 crore for the first quarter, compared with ₹237 crore in the corresponding period last year. The company’s revenue increased 17.1% to ₹992.8 crore from ₹848.1 crore a year earlier. Assets under management (AUM) grew…
Infrastructure company NCC has won three new contracts worth ₹1,052.71 crore across its buildings and water businesses, adding to its order book just days after securing a ₹2,090 crore reservoir project from the Bihar government. 1 Min Read NCC Limited has received three orders worth a total of ₹1,052.71 crore, excluding GST, during July 2026,…
Novo Nordisk shares fell sharply on Friday after the Danish drugmaker said its late-stage trial of the experimental heart medicine ziltivekimab failed to reduce major adverse cardiovascular events (MACE) compared with a placebo. The drug showed some biological activity, but Novo Nordisk said it did not produce a statistically significant reduction in MACE, which was…
Indian Oil Corporation (IOC) reported a standalone net loss of ₹2,661.3 crore for the quarter ended June, significantly worse than the CNBC-TV18 poll estimate of a ₹1,824-crore loss. The company had reported a profit of ₹11,377 crore in the March quarter, highlighting the sharp deterioration in earnings over just one quarter. The June quarter was…
Blue Dart Expressreported an 81.2% year-on-year (YoY) jump in profit for the first quarter of FY27, driven by healthy revenue growth and stronger operating performance. The company posted a consolidated net profit of ₹88.5 crore for the quarter ended June 30, compared with ₹48.8 crore a year earlier. Revenue from operations increased 15% year-on-year to…
Shareholders of Zee Entertainment Enterpriseshave approved resolutions to raise ₹3,143.5 crore through the preferential issue of fully convertible warrants to a promoter group entity. The approval was secured at the company’s Extraordinary General Meeting (EGM). Under the proposal, Zee will issue 24,94,85,563 fully convertible warrants at ₹126 per warrant. The fund infusion will provide the…
Pharmaceutical major Lupin Ltd on Friday (July 31) said it has received approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Diazepam Injection USP, 10 mg/2 mL (5 mg/mL), single-dose prefilled syringes. The USFDA approved Lupin’s product as bioequivalent to the reference listed drug (RLD) Valium Injection…
