Hyderabad-based ethnic apparel retailer Sai Silks (Kalamandir)Ltd reported a 14.7% year-on-year (YoY) decline in net profit to ₹26 crore for the quarter ended June 30, 2026, compared with ₹30 crore in the corresponding quarter last year. The company’s revenue declined 1% YoY to ₹375 crore in Q1 FY27 from ₹379 crore in the year-ago period….
The markets are in a “you blink first” mode. They do not want to edge higher in case of extreme optimism, but do no want to collapse either. In this back-and-forth, it has been nearly a month that the Nifty has been locked in this 500-point range of 23,800 and 24,300 – 24,500 on the…
This week, 28 companies in the S&P 500 will report earnings, including the big banks on Tuesday. The beginning of earnings season comes as stocks remain within striking distance of their June all-time highs, with the broad-market index trading above 7,500 on Tuesday. Earnings season has kicked into high gear, and companies such as GE…
When the world’s most powerful artificial intelligence labs ask governments to regulate them, the question isn’t whether they mean it. It’s whether society should let them draw the blueprints. In a newly published manifesto, Google DeepMind CEO Demis Hassabis called on Washington to establish an AI watchdog empowered to screen advanced models and orchestrate industry-wide…
Leading company in the agrochemical sector, India Pesticides Ltd, on Wednesday (July 15), said it has received Technical Equivalence (TEQ) approval in the European Union (EU) for one of its fungicide products, allowing the company to expand its presence in the international market. The approved product belongs to the pesticides category and will cater to…
India’s technology industry is in the midst of one of its biggest workforce transitions in decades as companies restructure around artificial intelligence, cutting jobs even as they continue to invest heavily in the technology. Former HCL Technologies CEO Vineet Nayar believes the industry’s response is fundamentally flawed. Instead of resorting to mass layoffs, companies should…
HDFC Life Insurance delivered a resilient June-quarter performance, with value of new business (VNB) and VNB margins exceeding CNBC-TV18 estimates even as premium growth remained broadly in line with expectations. The insurer continued to strengthen its value-focused product mix, supported by robust growth in its protection business and improving traction across distribution channels. For the…
India’s cement sector is likely to report another quarter of healthy demand, with industry volumes expected to grow 6.5-7% year-on-year in Q1FY27, extending the strong momentum seen in recent quarters as infrastructure spending and housing activity remain supportive, according to Jefferies. However, the brokerage expects EBITDA per tonne to decline, as the benefit of higher…
Leading non-banking financial company (NBFC) HDB Financial Services Ltd on Wednesday (July 15) reported its highest-ever quarterly Profit After Tax (PAT) of ₹785 crore for the first quarter of FY27, up 38.3% year-on-year (YoY) from ₹568 crore. Net Interest Income (NII) increased 19.9% YoY to ₹2,509 crore for the quarter ended June 30, 2026, from…
Jana Small Finance Bank Ltd on Wednesday (July 15) reported a 52% year-on-year (YoY) rise in Profit After Tax (PAT) to ₹155 crore for the first quarter of FY27, while its Gross Loan Portfolio (GLP) grew 26% YoY to ₹37,612 crore. The bank’s Gross Non-Performing Assets (GNPA) ratio improved to 2.24%, while the Net Non-Performing…
