Shares of RITES Ltd. fell after the company reported its fourth quarter earnings on Tuesday, May 19. Its earnings for the January to March period were largely weak. Barring revenue, the railway PSU witnessed a decline across all parameters. The company’s net profit came in at ₹130 crore, down 2.3% from the previous year’s ₹133…
Leopold Aschenbrenner, a former OpenAI researcher turned hedge fund manager, has sent shockwaves through Wall Street. His firm, Situational Awareness LP, recently disclosed a massive portfolio shift, revealing over $7 billion in put-option positions against major semiconductor and AI-infrastructure leaders Nvidia, AMD, Oracle and others. Aschenbrenner is of the view that the biggest bottleneck for…
US benchmark indices had another down day on Tuesday, May 19, as higher bond yields continued to fray investor sentiments, even as no concrete breakthrough was achieved in the ongoing negotiations between the US and Iran. The Dow Jones ended with losses of over 300 points, while the S&P 500 and Nasdaq fell 0.7% and…
State-run Nifty 50 constituent Bharat Electronics Ltd. (BEL), reported results for the March quarter on Tuesday, May 19, which were higher than expectations across most parameters. Revenue for the quarter grew by 11.6% from the same quarter last year to ₹10,177 crore. A CNBC-TV18 poll had pegged the figure at ₹10,012 crore. Earnings Before Interest,…
Closing Bell: Indian equity benchmarks ended lower in a volatile trading session on Tuesday, with banking and financial stocks dragging markets off the day’s highs even as broader markets outperformed. The BSE Sensex fell 114 points to close at 75,201, while the NSE Nifty50 declined 32 points to settle at 23,618. Markets had traded firmly…
India processed 77.6 crore digital payment transactions every day in 2025, with annual volumes crossing ₹26,800 crore, according to RBI data. UPI continued to dominate everyday spending, accounting for over 85% of transactions by volume, while debit card usage dropped sharply despite rising card issuance. Credit cards, meanwhile, saw strong growth led by private banks,…
PNC Infratech reported a 42.9% year-on-year rise in consolidated net profit for the fourth quarter ended March 31, 2026, at ₹108 crore compared with ₹75.5 crore a year ago. As per exchange fillings, revenue from operations declined 5.1% to ₹1,617 crore in the quarter against ₹1,704 crore in the corresponding period last year. EBITDA fell…
Hatsun Agro Product Ltd reported a steady March quarter performance on May 19, with revenue and profit registering double-digit growth despite moderation in operating margins. Net profit for the quarter rose 18.3% year-on-year to ₹51 crore from ₹43 crore in the corresponding period last year. Revenue increased 14.9% to ₹2,577.6 crore from ₹2,242.9 crore, supported…
Commodity strategist Ole Hansen believes gold prices could revisit record highs in the coming months, while crude oil may settle into a structurally higher trading range even if tensions in West Asia ease. Speaking to CNBC-TV18, Hansen, Head of Commodity Strategy at Saxo Bank, said the global oil market remains tight as the West Asia…
Textile and paper manufacturer Trident Ltd reported a 23.5% year-on-year decline in fourth-quarter net profit, weighed down by weaker revenue, even as operating margins improved during the quarter. The company posted a net profit of ₹102 crore for the quarter ended March 31, compared with ₹133.2 crore in the year-ago period, according to the exchange…
