US stocks edged higher on Wednesday even as crude oil prices slipped sharply, with West Texas Intermediate (WTI) futures falling to intra-day lows below $100 per barrel amid easing energy concerns and investor focus shifting to chip giant Nvidia’s earnings. WTI crude futures dropped 3% to trade around $100 per barrel, while Brent crude declined…
One of the leading cement companies of India, JK Cement Ltd, on Wednesday (May 20) said it has received a Letter of Intent (LOI) from the Government of Andhra Pradesh for the grant of a mining lease for the Dommarnandyala block-3 limestone block. The LOI has been issued by the Department of Mines and Geology…
Sensex Prediction for Thursday, May 21 by experts: The experts further stated that Thursday’s trading session is highly anticipated to be a playground for nimble stock-pickers rather than aggressive index traders. Sensex Prediction for Thursday, May 21 by experts: Following a volatile session on Wednesday, the domestic equity indices staged a smart recovery from early…
Metro Brands reported a strong rise in Q4 profit and sales, helped by festive demand, wedding shopping and higher online sales during the quarter. 2 Min Read Metro Brands reported a strong jump in fourth-quarter earnings, helped by festive and wedding season demand for footwear. The company’s net profit rose 23.5% year-on-year to ₹117.7 crore…
Leading contract manufacturing drug firm Akums Drugs and Pharmaceuticals Ltd on Wednesday (May 20) said its subsidiary Akumentis Healthcare Ltd and the company have received assessment orders under Section 158BC of the Income Tax Act, 1961, for the block period from April 1, 2018, to March 12, 2025. Akums Drugs received a tax demand of…
JK Lakshmi Cement Ltd reported a 23.4% year-on-year decline in net profit for the fourth quarter of FY26 at ₹124.1 crore, compared with ₹175.7 crore in the corresponding quarter last year. Revenue from operations rose marginally by 0.2% to ₹1,901.5 crore from ₹1,897.6 crore a year ago. EBITDA declined 18.5% year-on-year to ₹286.1 crore against…
Rail Vikas Nigam Ltd said on Wednesday, May 20, it has emerged as the lowest bidder (L1) for a railway signalling and infrastructure project awarded by the East Coast Railway, valued at about ₹164.19 crore. The project involves the provision of MSDAC systems aimed at improving reliability in the automatic block signalling (ABS) section between…
Engineering services company Honeywell Automation India Ltd on Wednesday (May 20) reported a 14.2% year-on-year rise in consolidated net profit to ₹160 crore for the fourth quarter, compared with ₹140 crore in the corresponding period last year. Revenue increased 5.9% year-on-year to ₹1,180.7 crore from ₹1,114.5 crore in the same quarter of the previous year….
“Recommended a final dividend of Rs 270/- per equity share of ₹10/- each, subject to approval of shareholders. The total dividend payout for the financial year 2025-26 is Rs 270/- per equity share [previous year 512/-(Final) per equity share]. The said final dividend, if declared, by the shareholders at the ensuing Annual General Meeting will…
Mortgage-focused Sammaan Capital Ltd on Wednesday (May 20) reported a consolidated net loss of ₹8,101.4 crore for the fourth quarter, compared with a loss of ₹324.04 crore in the corresponding period last year. Net interest income (NII) declined 92% year-on-year to ₹84.3 crore from ₹1,057.2 crore. The company reported impairment on financial instruments of ₹2,958.1…
