Intel Corp. the chip manufacturer, beat expectations for the second quarter on Thursday, July 23, having reported its fastest revenue growth for any quarter since 2011, along with giving guidance that was better than estimates. The stock, which has already gained 170% so far this year, saw volatile moves in afterhours trade post the results…
Benchmark indices on Wall Street fell on Thursday, July 23, after crude oil prices rallied past the mark of $100 a barrel for the first time since May over escalating tensions between the US and Iran, along with a rally in bond yields. The Dow Jones fell 500 points. At the day’s low, the index…
The equity benchmark indices extended its losing streak to a fourth consecutive session on Thursday (July 23), with the Sensex falling 394 points to 76,365 and the Nifty declining 127 points to 23,870. Here’s what drove the market lower:Financial stocks remained under pressure Banks and financial stocks weighed on the benchmarks during the session, tracking…
IRB InvIT Fund reported a 20.2% year-on-year decline in consolidated profit after tax (PAT) to ₹79.4 crore for the quarter ended June 30, 2026, from ₹99.6 crore a year earlier, even as revenue surged following the addition of new highway assets. Revenue from operations rose 66.4% to ₹474.6 crore from ₹285.2 crore, while earnings before…
Oracle Corp is exploring a potential stake sale in its listed Indian subsidiary, Oracle Financial Services Software Ltd. (OFSS), as the US technology giant looks to strengthen its financial flexibility amid rising capital expenditure and mounting credit pressure, CNBC-TV18 has learnt from sources. According to sources, Oracle Corp has sent out feelers to investors to…
Shares of Tanla Platforms Ltd surged as much as 16.2% on Thursday (July 23) after the cloud communications company reported a strong set of earnings for the June quarter (Q1FY27), with consolidated profit after tax (PAT) rising nearly 20% year-on-year. The stock climbed to an intraday high of ₹652.70 before giving up some gains to…
InterGlobe Aviation, the parent of IndiGo, reported a consolidated net loss of ₹238 crore for the June quarter, compared with a net profit of ₹2,176 crore a year earlier, as elevated aviation fuel prices, rupee depreciation and disruptions in West Asia outweighed strong revenue growth. The June-quarter loss, however, narrowed sharply from the ₹2,536 crore…
Coromandel International Ltdreported a 24.6% year-on-year decline in consolidated net profit for the first quarter of FY27, even as revenue rose 15.9%, according to an exchange filing on Thursday. The company posted a consolidated net profit of ₹381 crore for the quarter ended June 30, down from ₹505 crore a year earlier. Revenue from operations…
Bengaluru-based technology services provider Infosys Ltd. now expects revenue growth for financial year 2027 to be between 1.5% to 3%. The management had earlier guided for the figure to be between 1.5% to 3.5% in constant currency terms for the full year. Most analysts were also expecting the upper end of the guidance band to…
Edible oil prices are likely to remain at current levels over the next few months before easing with the arrival of the new crop in October, Priyam Patel, Managing Director of NK Proteins, said. He added that festive demand, limited domestic crop availability and higher import costs are expected to keep prices supported in the…
