Market

National Commodity and Derivatives Exchange (NCDEX) plans to expand its newly launched weather derivatives business beyond Mumbai rainfall contracts, with products linked to eastern monsoons and temperature variations already under development, according to Managing Director & CEO Arun Raste. Raste believes climate-linked financial products could become increasingly important as businesses grapple with unpredictable rainfall, heatwaves…

Managing nearly $1.21 billion in assets as of April 30, ASK Investment Managers is turning positive on large-cap IT despite worries around AI disruption, says CIO & CEO-Equity George Joseph. He believes fears over AI replacing Indian IT firms are exaggerated, as these companies will continue to play a critical role in system integration and…

Rail Vikas Nigam Ltd. (RVNL) secured two railway infrastructure orders worth nearly ₹1,002 crore from NMDC Ltd. and West Central Railway on Friday, May 22. In an exchange filing, the company said it received a Letter of Acceptance from NMDC for a ₹758.07 crore contract related to the development of a railway siding near Padapur…

Shares of TTK Prestige Ltd. gained as much as 4% on Friday, May 22, in response to its March quarter results, that were better on a year-on-year basis across parameters. TTK Prestige reported a net profit of ₹37 crore, compared to a net loss of ₹40.7 crore during the same quarter last year. During the…

Info Edge (India) Ltd reported a strong set of fourth-quarter earnings for FY26 on Friday, helped by healthy growth in its recruitment business, improving operating leverage and a turnaround in its real estate platform 99acres. The company posted a 22% year-on-year rise in consolidated net profit at ₹565.7 crore for the March quarter, compared with…

Shares of Gujarat State Fertilizers & Chemicals Ltd. (GSFC) fell more than 3% after the company reported a sharp year-on-year drop in the March quarter profit, despite strong revenue growth. Higher expenses impacted the bottomline during the quarter. The company reported consolidated net profit of ₹52.1 crore for Q4FY26, down 27.5% from ₹71.7 crore in…

Jubilant Pharmova Ltd reported a mixed set of fourth-quarter earnings for FY26, with strong topline growth offset by margin pressure that weighed on profitability during the quarter. The company posted a 23% year-on-year decline in consolidated net profit at ₹119 crore for the March quarter, compared with ₹154 crore in the corresponding period last year….

Shares of India’s largest drugmaker, Sun Pharma Ltd., fell up to 3% on Friday, May 22, after the company reported March quarter results that were a miss compared to what the street had anticipated. For the quarter, Sun Pharma’s profitability grew by 26% from last year to ₹2,714 crore, which is in-line with the CNBC-TV18…

Shares of Electronics Mart India Ltd. gained over 7% on Friday, May 22, reacting to their fourth quarter earnings, which were better year-on-year across all parameters. Net profit for the quarter increased by 50% from last year to ₹40 crore from ₹27 crore. Revenue grew by 15% year-on-year to ₹1,913 crore from ₹1,664 crore earlier….

3M India Ltd announced a hefty shareholder payout after reporting strong fourth-quarter earnings for FY26 on Friday, with the board recommending a total dividend of ₹506 per equity share comprising a final dividend of ₹160 and a special dividend of ₹346 per share. The company has fixed July 17, 2026 as the record date to…