Ichnos Glenmark Innovation, Inc. (IGI), a global clinical-stage biotechnology company focused on developing multispecific antibodies in oncology, has announced a new development candidate, ISB 2301, for the potential treatment of multiple solid tumour indications. According to a press release filed with the NSE, the company said ISB 2301 is a first-in-class multispecific immune cell activator…
Whirlpool of India Limited reported a 32.7% year-on-year decline in net profit for the fourth quarter of FY26 at ₹80.2 crore, compared with ₹119.2 crore in the corresponding quarter last year. However revenue from operations rose 8.8% year-on-year to ₹2,180.8 crore against ₹2,004.7 crore in the year-ago period. EBITDA declined 33.8% to ₹121.3 crore from…
Vodafone Idea Ltd. on Wednesday, May 20, said it will invest ₹4.33 crore to acquire at least 26% stake in MTK Quantum Green Energy Pvt. Ltd. as part of its renewable energy procurement strategy for captive power consumption. In an exchange filing, the telecom operator said it has entered into a Power Purchase Agreement (PPA)…
Bosch India reported a strong set of fourth-quarter earnings, supported by higher demand across the automotive sector, particularly in two-wheelers and passenger vehicles. Revenue from operations for the March quarter rose 13.3% year-on-year to ₹5,566 crore from ₹4,911 crore. Net profit increased 2% to ₹569 crore from ₹554 crore in the corresponding quarter last year….
Financial Services firm Aditya Birla Capital Ltd on Wednesday (May 20) said its board has approved a ₹4,000 crore preferential issue of equity shares to promoter Grasim Industries, Aditya Birla Group entity Suryaja Investments Pte. Ltd, Singapore, and the International Finance Corporation (IFC) to fund growth and strengthen its capital base. CNBC-TV18 first and exclusively…
GPT Infraprojects Ltd reported a strong set of fourth-quarter earnings for FY26 on May 20, led by improved operating performance and healthy margin expansion across its infrastructure business. The company posted a 31.6% year-on-year rise in net profit at ₹31.9 crore for the March quarter, compared with ₹24.2 crore a year earlier. Revenue increased 8.9%…
Sometime last year, Kotak Institutional Equities’ Pratik Gupta took us Hindi film fans back in the day, when he brought up the late Ajit’s popular “liquid oxygen” analogy to compare the current market situation. The dialogue went by “Ise Liquid Oxygen Me Daal Do. Liquid Ise Jeene Nahi Dega, aur Oxygen Ise Marne Nahi Dega.”…
Amazon founder Jeff Bezos has brushed aside concerns over a looming artificial intelligence (AI) bubble, arguing that the current investment frenzy will ultimately prove beneficial for technological progress and society at large. Speaking to CNBC International in an interview with Andrew Ross Sorkin on “Squawk Box”, Bezos said excessive enthusiasm around AI should not necessarily…
Apollo Hospitals Enterprise Ltd on Wednesday (May 20) reported a consolidated net profit of ₹547.2 crore for the fourth quarter, up 33% year-on-year compared with ₹412 crore in the corresponding period last year. The company’s Q4 net profit also exceeded CNBC-TV18 poll estimates of ₹452.5 crore. Revenue rose 18.1% year-on-year to ₹6,606 crore from ₹5,592…
Nifty Prediction for Thursday, May 21: Market experts believe Thursday’s session could remain volatile but with a cautiously positive undertone as the index continues to defend crucial support zones and form higher lows on the charts. Nifty Prediction for Thursday, May 21: Indian benchmark equity indices recovered all intra-day losses with the NSE Nifty ending…
