The country’s largest private non-banking financial company (NBFC), Bajaj Finance, is targeting a consolidated loan book of ₹6.3–6.5 lakh crore by the end of FY27, while stepping up its use of artificial intelligence to drive customer acquisition and loan disbursals. “In FY27, BFL on a consolidated basis is poised to deliver AUM of ₹6.3–6.5 lakh…
Tata Steel Q1 FY27 results: Tata Steel reported a steady performance for the first quarter of the financial year 2026-27, with higher revenue and improved operating profitability supporting a double-digit growth in net profit. The steelmaker posted a 12 per cent year-on-year (YoY) rise in its consolidated profit after tax (PAT) at Rs 2,318 crore…
Quick commerce major Zepto has likely paused its initial public offering (IPO) plans amid a valuation mismatch with domestic institutional investors, people familiar with the matter told CNBC-TV18. According to sources, the company is instead likely to raise fresh capital from its existing investors while it reassesses market conditions and valuation expectations. The key trigger…
AWL Agri Business Ltd. reported a 48.2% year-on-year increase in consolidated net profit for the first quarter of FY27, helped by higher revenue and a sharp improvement in operating profitability. The company’s consolidated net profit rose to ₹350.3 crore for the quarter ended June 30 from ₹236.4 crore a year earlier. Revenue from operations increased…
Tata Steel reported a nearly 12% rise in consolidated net profit for the June quarter, supported by strong revenue growth and improved operating performance, although earnings came in marginally below a CNBC-TV18 poll expectations. The steelmaker also reported a higher exceptional loss during the quarter. The company posted a consolidated net profit of ₹2,318.4 crore…
Mazagon Dock Shipbuilders Ltd.reported a strong set of June quarter earnings, with higher revenue and a sharp improvement in operating profitability helping lift net profit, while the company’s order book remained healthy at more than ₹18,000 crore. The Navratna public sector undertaking (PSU), and India’s only public sector defence shipyard constructing both destroyers and submarines,…
Markets regulator SEBI on Thursday released an operational framework for a green channel mechanism, GARUDA, to simplify and speed up the launch of schemes by Alternative Investment Funds (AIFs). The operational framework for the ‘Green-Channel: AIF Rollout Upon Document Acknowledgement’ (GARUDA) mechanism follows amendments to the SEBI (Alternative Investment Funds) Regulations, 2012, notified earlier this…
Torrent Pharmaceuticals reported a strong set of June quarter earnings, driven by healthy domestic demand, continued momentum in the US business and improved profitability across key markets. The drugmaker posted a 3.3% rise in net profit to ₹566 crore for the quarter ended June, while revenue surged 54.8% year-on-year to ₹4,921 crore. Operating performance remained…
US stock futures advanced on Thursday, July 30, led by gains in technology shares after strong earnings from Microsoft, as investors looked to recover from the previous session’s selloff triggered by the Federal Reserve’s decision to keep interest rates unchanged. Futures tied to the Dow Jones Industrial Average rose about 0.2%, while S&P 500 futures…
Pharmaceutical company Mankind Pharma reported a 30% year-on-year increase in net profit for the first quarter of FY27 on Thursday, July 30, supported by steady revenue growth and improved operating margins. The company posted a net profit of ₹568 crore for the quarter ended June 30, compared with ₹438 crore in the corresponding period last…
