This market is turning out to be a proper tussle between the bulls and the bears, and an equal nightmare for someone taking a directional position without a hedge. Monday’s recovery signifies two things: One, the fact that the bulls do not want the index to capitulate just yet despite multiple headwinds plaguing them in…
India’s insurance sector is entering what could be its biggest structural transformation since liberalisation in 2000. Within weeks of the government notifying 100% foreign direct investment (FDI) in insurance under the automatic route, global insurers and financial majors have accelerated their India plans through fresh joint ventures, stake hikes, acquisitions and exploratory discussions. Germany’s Allianz…
JK Paper Ltd reported a 36.4% year-on-year rise in consolidated net profit for the fourth quarter, aided by higher revenue and improved operating performance. The company posted a net profit of ₹90.2 crore for the January-March quarter, compared with ₹66.1 crore a year earlier, according to the exchange filing. Revenue from operations rose 17.2% to…
Indraprastha Gas Limited on Monday reported a decline in its fourth-quarter earnings for the financial year ended March 2026, as rising gas input costs and supply challenges linked to tensions in West Asia weighed on profitability. Despite pressure on margins, IGL managed to register steady operational growth during the quarter. The company’s overall gas sales…
US authorities dropped criminal charges against Gautam Adani, putting Adani Group stocks in focus as several key firms have delivered strong gains this year. 2 Min Read 1 / 5 Adani Group stocks are likely to remain in focus in the next trading session after the US Department of Justice permanently dropped all criminal charges…
Private news broadcaster Zee Media Corporation Ltd on Monday (May 18) said its board has approved the issuance of up to 14 crore warrants on a preferential basis at ₹8.50 per warrant, aggregating up to ₹119 crore. Each warrant will be fully convertible or exchangeable into one fully paid-up equity share of face value ₹1…
Pharma major Lupin Ltd on Monday (May 18) announced that it has received tentative approval from the United States Food and Drug Administration (US FDA) for its Abbreviated New Drug Application for Revefenacin Inhalation Solution, 175 mcg/3 mL unit-dose vials. The product is bioequivalent to Mylan’s Yupelri inhalation solution and is indicated for the maintenance…
Indian Oil Corporation Ltd (IOC) on Monday (May 18) reported a 56.6% year-on-year increase in net profit at ₹11,377.51 crore, compared with ₹7,264.85 crore in the corresponding period last year, aided by healthy marketing and refining margins. Revenue from operations rose 6.9% year-on-year to ₹2,32,855.33 crore from ₹2,17,725.44 crore. For FY26, it reported a net…
Bengaluru-based Puravankara Ltd on Monday (May 18) reported a consolidated net profit of ₹114.2 crore for the fourth quarter, compared with a loss of ₹85.5 crore in the corresponding quarter last year. The company reported a 177.1% year-on-year increase in revenue for the fourth quarter at ₹1,502 crore, compared with ₹542 crore in the corresponding…
Indian Oil Dividend 2026: As the earnings season is underway, several companies have been sharing their earnings for the fourth quarter ended March 31, 2026. Indian Oil Corporation Ltd (IOCL) has also declared its earnings for Q4 FY26 on Monday, May 18. Along with the q4 results the oil company has also announced dividend for…
