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…
Apollo Hospitals Enterprise Ltd on Wednesday (May 20) reported a consolidated net profit of ₹547.2 crore for the fourth quarter, up 33% year-on-year compared with ₹412 crore in the corresponding period last year. The company’s Q4 net profit also exceeded CNBC-TV18 poll estimates of ₹452.5 crore. Revenue rose 18.1% year-on-year to ₹6,606 crore from ₹5,592…
Nifty Prediction for Thursday, May 21: Market experts believe Thursday’s session could remain volatile but with a cautiously positive undertone as the index continues to defend crucial support zones and form higher lows on the charts. Nifty Prediction for Thursday, May 21: Indian benchmark equity indices recovered all intra-day losses with the NSE Nifty ending…
SEBI proposes allowing limited third-party payments in mutual funds. (Pic Credit: iStock/ETNOW) Market regulator Securities and Exchange Board of India (SEBI) has issued a draft framework proposing to allow limited third-party payments in mutual funds, marking a notable shift from the current rule that mandates investments be made only from the investor’s own bank account….
A majority of Federal Reserve officials warned the central bank would likely need to consider raising interest rates if inflation continued to run persistently above their 2% target. In response to the same worries, “many” officials during last month’s policy meeting called for the Fed to drop its easing bias and signal its next move…
Despite reporting strong revenue growth in both the March quarter and the full financial year, Saatvik Green Energy witnessed pressure on quarterly profitability as rising operational costs weighed on margins. By PTI May 20, 2026, 11:16:10 PM IST (Published) 1 Min Read Saatvik Green Energy on Wednesday reported over 36% dip in consolidated net profit to…
Artificial intelligence company OpenAI is preparing to confidentially file a draft prospectus for an initial public offering (IPO) as early as Friday, CNBC reported on Wednesday. The AI company, valued at more than $850 billion by private investors, is reportedly working with Goldman Sachs and Morgan Stanley on the potential listing, according to a source…
