In the latest reshuffle of the BSE 100 index, One 97 Communications, the parent company of the Paytm platform, along with Ashok Leyland and CG Power and Industrial Solutions, has secured entry into the benchmark index. They have replaced Ambuja Cements, Tube Investments of India and Colgate-Palmolive (India). The revised index composition has come into…
BSE Index Services Private Ltd, a wholly-owned subsidiary of BSE Ltd, on Friday (May 22, 2026) announced reconstitution of several BSE indices, with changes effective from the opening of trading on Monday, June 22, 2026. Under the BSE 100 index, Ashok Leyland Ltd will be added, while Ambuja Cements Ltd, One 97 Communications Ltd, Tube…
Private sector lender RBL Bank Ltd on Friday (May 22) said the Dubai-based Emirates NBD Bank (P.J.S.C) has announced an open offer to acquire up to 41.59 crore equity shares of the bank, representing 26% of the expanded voting share capital, at ₹282.38 per share, including ₹280 offer price and ₹2.38 applicable interest. The total…
The government’s Offer for Sale (OFS) in Central Bank of India received a strong response from investors on the opening day, with the issue being subscribed 2.35 times, according to DIPAM Secretary Arunish Chawla. In a post on X on Friday, Chawla said the government had decided to exercise the entire greenshoe option following the…
Hindalco Industries Q4 results FY26: Hindalco Industries Ltd declared its earnings for the fourth quarter of the financial year 2025-26. Along with the quarterly results, the Aditya Birla Group’s flagship metal company also announced a dividend for its shareholders. Revenue at Rs 34,244 cr in Q4 FY26 vs Rs 29,264 cr in Q4 FY25, up…
Tata Consultancy Services (TCS) has maintained higher quarterly variable payouts for mid- to senior-level employees for the second consecutive quarter in January-March. The IT services giant paid an average variable pay of 60-80% in Q4, after nearly two years of keeping payouts in the 20-50% range through Q2FY26, sources aware of the matter told Moneycontrol….
Drug firm Torrent Pharmaceuticals Ltd on Friday (May 22) reported a 21.9% year-on-year decline in consolidated net profit to ₹389 crore for the fourth quarter, compared with ₹498 crore in the same period last year. Revenue increased 41.8% year-on-year to ₹4,197 crore from ₹2,959 crore. EBITDA rose 40.7% to ₹1,356 crore from ₹964 crore, while…
Eicher Motors Ltd reported a strong set of fourth-quarter earnings for FY26 on Friday, beating CNBC-TV18 estimates across profit, revenue and EBITDA, driven by sustained momentum in Royal Enfield motorcycle sales and improving operational performance. The company posted a consolidated net profit of ₹1,520 crore for the March quarter, up 11.6% year-on-year from ₹1,362 crore…
Broadband technology firm Sterlite Technologies Ltd on Friday (May 22) said its subsidiary has received a Product Award Letter (PAL) from a hyperscale partner for a multi-year supply of optical connectivity products. The total potential value of the contract is estimated at approximately $1.11 billion based on prevailing selling prices of connectivity products. The allocation…
Shares of Shilpa Medicare Ltd surged about 9% after the company reported a sharp jump in the March quarter profit, aided by strong operating performance and exceptional gains during the quarter. The company reported consolidated net profit of ₹108 crore for Q4FY26, compared to ₹14.5 crore in the year-ago quarter. Revenue from operations rose 32%…
