TeamLease Services reported a steady set of fourth-quarter earnings and announced a share buyback worth up to ₹238 crore on May 20. The company’s board approved the buyback of up to 14.87 lakh equity shares at ₹1,600 per share through the tender offer route. The proposed buyback size represents 8.87% of the company’s paid-up equity…
JubilantFoodWorks reported a mixed March quarter performance on Wednesday, May 20, with profit declining year-on-year and revenue growth slowing to a two-year low, while both revenue and profit missed Street expectations. The quarter also marked the company’s first decline in quarterly profit in five quarters. Standalone net profit for Q4FY26 fell 14% year-on-year to ₹42.5…
Ichnos Glenmark Innovation, Inc. (IGI), a global clinical-stage biotechnology company focused on developing multispecific antibodies in oncology, has announced a new development candidate, ISB 2301, for the potential treatment of multiple solid tumour indications. According to a press release filed with the NSE, the company said ISB 2301 is a first-in-class multispecific immune cell activator…
Whirlpool of India Limited reported a 32.7% year-on-year decline in net profit for the fourth quarter of FY26 at ₹80.2 crore, compared with ₹119.2 crore in the corresponding quarter last year. However revenue from operations rose 8.8% year-on-year to ₹2,180.8 crore against ₹2,004.7 crore in the year-ago period. EBITDA declined 33.8% to ₹121.3 crore from…
Vodafone Idea Ltd. on Wednesday, May 20, said it will invest ₹4.33 crore to acquire at least 26% stake in MTK Quantum Green Energy Pvt. Ltd. as part of its renewable energy procurement strategy for captive power consumption. In an exchange filing, the telecom operator said it has entered into a Power Purchase Agreement (PPA)…
Bosch India reported a strong set of fourth-quarter earnings, supported by higher demand across the automotive sector, particularly in two-wheelers and passenger vehicles. Revenue from operations for the March quarter rose 13.3% year-on-year to ₹5,566 crore from ₹4,911 crore. Net profit increased 2% to ₹569 crore from ₹554 crore in the corresponding quarter last year….
Financial Services firm Aditya Birla Capital Ltd on Wednesday (May 20) said its board has approved a ₹4,000 crore preferential issue of equity shares to promoter Grasim Industries, Aditya Birla Group entity Suryaja Investments Pte. Ltd, Singapore, and the International Finance Corporation (IFC) to fund growth and strengthen its capital base. CNBC-TV18 first and exclusively…
GPT Infraprojects Ltd reported a strong set of fourth-quarter earnings for FY26 on May 20, led by improved operating performance and healthy margin expansion across its infrastructure business. The company posted a 31.6% year-on-year rise in net profit at ₹31.9 crore for the March quarter, compared with ₹24.2 crore a year earlier. Revenue increased 8.9%…
Sometime last year, Kotak Institutional Equities’ Pratik Gupta took us Hindi film fans back in the day, when he brought up the late Ajit’s popular “liquid oxygen” analogy to compare the current market situation. The dialogue went by “Ise Liquid Oxygen Me Daal Do. Liquid Ise Jeene Nahi Dega, aur Oxygen Ise Marne Nahi Dega.”…
Amazon founder Jeff Bezos has brushed aside concerns over a looming artificial intelligence (AI) bubble, arguing that the current investment frenzy will ultimately prove beneficial for technological progress and society at large. Speaking to CNBC International in an interview with Andrew Ross Sorkin on “Squawk Box”, Bezos said excessive enthusiasm around AI should not necessarily…
