Aditya Birla Capital has invested ₹123.89 crore in its associate, Aditya Birla Health Insurance (ABHI), through a rights issue, the company said in a regulatory filing. The investment was made in equity shares of ABHI on a rights basis for a cash consideration of ₹123.89 crore. Following the transaction, Aditya Birla Capital’s shareholding in the…
SBI Funds Management’s IPO has unlocked significant wealth for its employees, with years of stock ownership translating into multi-crore holdings after the company’s market debut. At the issue price of ₹574 per share, 13 employees hold vested equity worth more than ₹1 crore each, according to the prospectus. The country’s largest asset manager made a…
Pharmacy retail chain MedPlus Health Services Ltd on Tuesday (July 21) reported a net profit of ₹33 crore for the first quarter of FY27, down 21.8% year-on-year from ₹42 crore in the corresponding quarter last year. The company’s revenue increased 21.8% year-on-year to ₹1,879.6 crore, compared with ₹1,542.6 crore in Q1 FY26. Earnings before interest,…
US stocks opened higher on Tuesday, July 21, with technology shares leading gains, as investors looked past the latest developments in West Asia to focus on a busy week of corporate earnings and a revival in semiconductor stocks. The Dow Jones Industrial Average (DJIA) rose about 212 points, or 0.4%, at the opening bell. The…
Indian Hotels Company Ltd (IHCL), the Tata Group hospitality company, reported a strong start to FY27, posting a 20.8% year-on-year increase in consolidated net profit at ₹358 crore for the quarter ended June 2026, compared with ₹296 crore a year earlier. IHCL’s revenue from operations rose 14.6% to ₹2,339 crore, while operating EBITDA increased 16.8%…
Drug maker Aurobindo Pharma Ltd on Tuesday (July 21) said its wholly owned subsidiary CuraTeQ Biologics Private Limited has received approval from ANVISA (Agência Nacional de Vigilância Sanitária), Brazil’s National Health Surveillance Agency, for its biosimilars manufacturing facility in Hyderabad. “…this is to inform you that CuraTeQ Biologics Private Limited, a wholly owned subsidiary of…
Realty firm Sunteck Realty Ltd on Tuesday (July 21) reported a net profit of ₹42.3 crore for the first quarter of FY27, up 26.4% year-on-year from ₹33.4 crore in the corresponding quarter last year. The company’s revenue increased 1.7% year-on-year to ₹191.6 crore, compared with ₹181.3 crore in Q1 FY26. Earnings before interest, taxes, depreciation…
Hatsun Agro Product Ltd reported a 1.1% year-on-year decline in net profit for the first quarter of FY2027, even as the dairy products maker posted its highest-ever quarterly revenue. Net profit for the quarter stood at ₹133.6 crore, compared with ₹135.1 crore in the corresponding period last year. Revenue from operations rose 19.3% to ₹3,090…
Capital markets regulator SBI on Tuesday, July 21, directed depositories to put in place an operational framework and necessary system enhancements by August 1 to implement the newly introduced mechanism for freezing promoter holdings at the ISIN level during share buybacks. In a circular, SEBI asked depositories to issue operational guidelines covering the implementation of…
Cyient DLM Ltd on Tuesday (July 21) reported a profit after tax (PAT) of ₹16.3 crore for the first quarter of FY27, more than doubling from ₹7.4 crore in the year-ago period, registering a 118.2% year-on-year growth. The company’s revenue increased 34.3% year-on-year to ₹373.8 crore, compared with ₹278.4 crore in the corresponding quarter last…
