Piramal Pharma Ltd on Friday (July 24) said it has temporarily suspended operations at its manufacturing facilities located in Ahmedabad, Gujarat, due to exceptionally heavy rainfall and flooding in the region. The company said operations at its facilities located at Plot Nos. 18 and 19, PHARMEZ Pharmaceutical Special Economic Zone, Village Matoda, Sarkhej Bawla, Ahmedabad,…
Private sector lender DCB Bank Ltd on Friday (July 24) reported a 35.6% year-on-year increase in net profit to ₹213.2 crore for the first quarter ended June 30, 2026, compared with ₹157.3 crore in the corresponding period last year. Net interest income (NII), the difference between interest earned and interest paid, rose 17.8% to ₹684…
Sebi slaps 7-year ban on former Axis MF chief dealer Viresh Joshi, Dubai trader in front-running case In a decisive ruling on a high-profile front-running case involving Axis Mutual Fund, markets regulator Sebi has barred former Axis Mutual Fund chief dealer Viresh Joshi and Dubai-based trader Prijesh Kurani from the securities market for seven years….
State-run Bank of India reported its June quarter results on Friday, July 24, with growth in core income and net profit, while asset quality improved sequentially. How Did Bank of India Fare In Q1? The Mumbai-based lender’s Net Interest Income (NII), or core income, rose 12.6% year-on-year to ₹6,833 crore from ₹6,068 crore in the…
HDFC Bank spent just ₹2 crore in seed money to build Neev, its in-house artificial intelligence (AI) platform, according to Ramesh Lakshminarayanan, Group Head of Information Technology (IT) and Chief Information Officer (CIO) of the bank, who said the lender has since spent only “a couple of crores here and there” on top of that….
Pharma company Aurobindo Pharma Ltd on Friday (July 24) said it has signed a non-exclusive voluntary licensing agreement with MSD (trade name of Merck & Co., Inc., Rahway, New Jersey, USA) to manufacture and supply generic alimatravir for 129 low- and middle-income countries (LMICs). The company said it is among a select group of global…
State-run NBCC (India) Ltd on Friday (July 24) said it has secured two work orders worth approximately ₹108.85 crore (excluding Goods and Services Tax) in the ordinary course of business. The larger of the two orders, valued at around ₹88.43 crore, has been awarded by the Directorate of Technical Education and Training, Odisha, Cuttack. The…
Bitcoin fell more than 1.6 percent on Friday, dropping toward the $64,000 level as a combination of rising US Treasury yields, geopolitical tensions and fading risk appetite weighed on crypto markets following Wall Street’s open. The sell-off accelerated through the day, with analysts pointing to macroeconomic headwinds rather than crypto-specific factors as the primary driver….
Foreign institutional investors (FIIs) remained net sellers in Indian equities on Friday, offloading shares worth a provisional ₹3,892.77 crore, while domestic institutional investors (DIIs) continued to offset the selling with net purchases of ₹5,453.55 crore. According to provisional exchange data, FIIs bought equities worth ₹11,123.86 crore during the session and sold shares worth ₹15,016.63 crore,…
State-run power giant NTPC Ltd on Friday (July 24) reported an 11.9% year-on-year increase in standalone net profit to ₹5,342.4 crore for the first quarter of FY27, compared with ₹4,774 crore in the corresponding quarter last year. The company’s net profit was above the CNBC-TV18 poll estimate of ₹4,790 crore. Revenue increased 3% year-on-year to…
