US markets overcame an initial bout of volatility on Thursday, May 21 to end higher amidst contradictory reports of a possible deal between the US and Iran to end hostilities in West Asia and commence maritime traffic through the Strait of Hormuz. The Dow Jones reversed early losses to end 270 points higher, and at…
Dalmia Cement (Bharat) Limited (“DCBL”), a wholly owned subsidiary of Dalmia Bharat Limited, has announced the execution of a Business Transfer Agreement to acquire cement assets previously held by Jaiprakash Associates Limited (“JAL”), which was recently acquired by the Adani Group under the Insolvency & Bankruptcy Code (IBC) framework. The Agreement Details The agreement, executed…
The equity benchmark indices BSE Sensex and NSE Nifty ended flat after a volatile trading session on Thursday (May 21), as selling pressure in financial and information technology stocks erased early gains. The Sensex declined 135 points to close at 75,183, while the Nifty settled 4 points lower at 23,655 after slipping below the 23,700…
Nykaa reported a sharp rise in fourth-quarter earnings, with consolidated net profit jumping to ₹78.4 crore in Q4FY26 from ₹20.3 crore in the corresponding quarter last year, supported by strong revenue growth and margin expansion. Revenue from operations grew 28.4% year-on-year to ₹2,648.2 crore from ₹2,061.8 crore, marking the company’s highest growth in the last…
The Central Bureau of Investigation (CBI) has filed its first chargesheet in the multi-bank misappropriation case involving the alleged diversion of nearly ₹1,000 crore from accounts of various Haryana government departments. The agency has chargesheeted 15 accused, including six bank officials from IDFC FIRST Bank and AU Small Finance Bank, three public servants from Haryana…
Maruti Suzuki India Ltd, the country’s largest passenger vehicle maker, on Thursday announced a price hike of up to ₹30,000 across its model range from June 2026, citing persistent inflationary pressures and an adverse cost environment. The company said it has been making continuous efforts over recent months to absorb rising input costs through internal…
Shares of One 97 Communications Ltd., the parent company of Paytm, are likely to remain in focus after sources told CNBC-TV18 that SAIF Partners is looking to pare its stake in the fintech firm through a block deal. According to sources, SAIF Partners plans to sell around 86 lakh shares, representing nearly 1.3% equity in…
Juniper Hotelsreported a decline in consolidated net profit for the fourth quarter of FY26, with profit falling to ₹50.4 crore from ₹55 crore in the corresponding quarter last year, impacted by exceptional items related to Bengaluru fire insurance, property tax assessment and gratuity liability adjustments. Revenue for the quarter rose 8.4% year-on-year to ₹301 crore…
The Nifty has not moved an inch for the last five sessions, even after trading in a 500-point range. It has tested the lower and the higher end of the range multiple times this week, but by the end of the session, it lands up at the same mid-point of the range that it closed…
Drug maker Aurobindo Pharma Ltd on Thursday (May 21) reported a 2% year-on-year increase in consolidated net profit to ₹921 crore for the March quarter, compared with ₹903 crore in the corresponding quarter last year. Revenue rose 5.6% year-on-year to ₹8,853.3 crore from ₹8,382.1 crore, supported by growth across businesses. EBITDA up 0.5% to ₹₹1,801…
