Power solutions provider Powerica Ltd has signed a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) to develop a 100 MW wind power project in Gujarat, the company said in an exchange filing on Friday. Under the agreement, GUVNL will procure electricity generated from the project for a period of 25 years…
Pharma major Glenmark Pharmaceuticals Ltd on Friday (July 31) reported a 930% year-on-year increase in consolidated net profit to ₹483 crore for the first quarter, compared with ₹47 crore in the corresponding quarter last year. The company’s revenue rose 23% year-on-year to ₹4,018 crore, compared with ₹3,264 crore a year earlier. At the operating level,…
Aarti Drugs Ltd on Friday (July 31) reported a net profit of ₹50.17 crore for the first quarter, down 6.9% year-on-year from ₹53.91 crore in the corresponding quarter last year. The company’s revenue increased 19% year-on-year to ₹702.78 crore, compared with ₹590.51 crore in the same period last year. At the operating level, earnings before…
Dear Reader, The week wound down much the way it began, with two of the market’s most closely watched companies saving their numbers for the evening. Maruti Suzuki’s quarter was a study in contrasts. Profit beat Street estimates and net sales surged 36% to ₹49,959 crore, yet the operating picture was less encouraging. EBITDA and…
Domestic airline SpiceJet continues to face liquidity stress, with the airline confirming that employee salaries are being released in phases as it manages its financial position. Speaking to CNBC-TV18, the airline said salaries for May have been disbursed to junior and support staff, while payments to the remaining employees are being released in a phased…
Electrification and automation major ABB India Ltd on Friday (July 31) reported a standalone net profit of ₹362.3 crore for the second quarter of calendar year 2026, rising 3% year-on-year from ₹352 crore in the same quarter last year. The company follows the January to December financial year. The company reported its highest-ever second-quarter revenue…
Navratna defence public sector undertaking Bharat Electronics Ltd (BEL) on Friday (July 31) said it has received additional orders worth ₹847 crore since its previous disclosure on July 13, 2026. The orders include electro optics, security operation centres, seekers, components, spares and services, the company said in a regulatory filing. First Quarter Results This week,…
Around 71% of S&P 500 stocks have climbed above their 200-day moving averages, the highest level in two years, according to a CNBC analysis. The 200-day is a key level watched by traders and analysts identify long-term trends. There’s an underlying current in the stock market’s surface that may give investors some solace as the…
Multi-speciality hospital chain operator Jupiter Life Line Hospitals Ltd on Friday (July 31) reported a net profit of ₹37.5 crore for the first quarter, down 14.6% year-on-year from ₹43.9 crore in the corresponding quarter last year. The company’s revenue increased 16.4% year-on-year to ₹411 crore, compared with ₹353 crore in the same period last year….
Foreign institutional investors (FIIs) and domestic institutional investors (DIIs) remained net buyers of Indian equities on Friday, according to provisional exchange data. FIIs purchased shares worth ₹277.48 crore on a net basis during the session. They bought equities worth ₹19,045.51 crore and sold shares worth ₹18,768.03 crore. Meanwhile, DIIs were net buyers to the tune…
