Taiwan Semiconductor Manufacturing Co. raised its spending and revenue projections for the year, reflecting its confidence that torrid growth in demand for chips and data centres will extend into 2027. The main chipmaker for Nvidia Corp. now expects capital expenditure of $60 billion to $64 billion in 2026, up from $52 billion to $56 billion…
India could attract more foreign investment as the global artificial intelligence (AI) trade loses momentum, according to Manish Gunwani, CIO – Equity at Bandhan AMC, which managed assets worth ₹1,693.02 crore as of June 30, 2026. Gunwani said domestic sectors remain well placed because India’s economy has stayed resilient despite global uncertainties. He believes investors…
Polycab India Ltd., the wires and cables manufacturer, reported June quarter results on Thursday, July 16, which were better than expectations across parameters. Revenue for the quarter increased by 39% on a year-on-year basis to ₹8,209 crore, higher than the CNBC-TV18 poll estimate of ₹7,902 crore. Polycab had reported revenue of ₹5,906 crore during the…
Shares of Prestige Estate Projects Ltd. fell more than 3% as its pre-sales in the first quarter declined sequentially. The real estate developer recorded presales of ₹6,579 crore across its residential, commercial, retail and hospitality businesses according to a regulatory filing. This was lower than the previous quarter’s ₹7,697 crore. Also Read: Prestige Estates launches…
ITC Hotels reported healthy year-on-year growth in the June quarter, with revenue, profit and operating margins improving from a year ago, although earnings moderated sequentially from the seasonally stronger March quarter. The company also announced the acquisition of GHK Hospitality & Infrastructures Ltd as it looks to expand its hospitality portfolio. The hotel operator reported…
Punjab National Bank Ltd., the state-run lender, reported its results for the June quarter on Saturday, July 18, that appear subdued on a year-on-year basis, on the core parameters. The lender’s Net Interest Income grew only 2.1% from the same quarter last year to ₹10,798 crore. However, the figure is the highest that it has…
India’s economy is well placed to deliver healthy earnings growth despite geopolitical tensions and higher crude oil prices, according to Anish Tawakley, Chief Investment Officer at DSP Asset Managers. He expects recovering demand and available capacity to support corporate earnings, with cyclical sectors such as financials, cement, autos and capital goods likely to outperform over…
Bhansali Engineering Polymers Limited (BEPL) reported a sharp rise in profitability for the quarter ended 30th June 2026, with net profit growing 42.9% year-on-year to ₹66 crore, from ₹46 crore in the same quarter last year. Revenue for the quarter rose 53.3% year-on-year to ₹472.2 crore, compared to ₹307.9 crore a year ago. EBITDA grew…
Punjab & Sind Bank reported a 23.05% year-on-year rise in net profit to ₹331 crore for the quarter ended 30th June 2026, up from ₹269 crore in the same quarter last year. Net Interest Income grew 15.33% year-on-year to ₹1,038 crore, compared to ₹900 crore a year ago. The bank’s asset quality improved during the…
Tata Power Company Ltd. has received a Letter of Award (LoA) from the Solar Energy Corporation of India Ltd. (SECI) to provide pumped storage services from a 324 MW / 2,592 MWh Pumped Storage Plant (PSP), the company said in a filing. The LoA has been awarded by SECI, a Government of India enterprise, for…
