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…
Infrastructure development company HG Infra Engineering Ltd on Wednesday (May 20) said it has decided not to consider two Maharashtra State Road Development Corporation (MSRDC) projects as part of its executable order book, citing uncertainty over execution and the absence of communication from the authority. The update relates to disclosures made on May 21, 2024,…
State Bank of India (SBI) closed at Rs 950.90, up Rs 2.10 or 0.22 per cent in the latest session. Over the past week, SBI has declined 2.07 per cent against a 1.05 per cent gain in the benchmark, while on a one‑month basis the stock has seen a sharp drop of 14.25 per cent,…
Drugmaker Dr Reddy’s Laboratories Ltd on Wednesday (May 20) announced the launch of its oral semaglutide biosimilar in India under the brand name Obeda, indicated for the treatment of type 2 diabetes mellitus. The company said the formulation is based on recombinant DNA (rDNA) origin semaglutide active pharmaceutical ingredient (API). Obeda is available in tablet…
Namit Singh Sengar is a Chief Copy Editor with over seven years of experience in delivering content across diverse domains. Specialising in business news across personal finance, real estate, IPOs and markets, Namit brings an editorial eye and a deep understanding of complex subjects to his work. His educational foundation includes Post Graduate Diploma in…
