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…
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…
