Tata Elxsi Q1 FY27 results Revenue at Rs 1,021 crore in Q1 FY27 vs Rs 99 crore in Q4 FY26, up 2.8% QoQ EBIT at Rs 194 crore in Q1 FY27 vs Rs 221 crore in Q4 FY26, down 12.5% QoQ Profit at Rs 170.5 crore in Q1 FY27 vs Rs 220.3 crore in Q4…
The government has stepped up the strategic disinvestment process for IDBI Bank, holding a series of high-level meetings on July 13 to take forward the proposed stake sale, sources told CNBC-TV18. According to sources, the Core Group of Secretaries on Disinvestment (CGD) met twice during the day to review the progress of the transaction. The…
The ₹9,813-crore initial public offering (IPO) of SBI Funds Management Ltd, India’s largest asset management company, was subscribed 1.3 times so far, with the Non-Institutional Investor (NII) portion, also known as the High Net-worth Individual (HNI) category, fully subscribed 1.29 times. In an IPO, the NII category includes investors applying for shares worth more than…
Jain Resource Recycling Ltd on Tuesday said a furnace explosion at its manufacturing facility in Tamil Nadu claimed the life of one labourer and injured several others, prompting the temporary suspension of operations in the affected section of the plant. In a stock exchange filing, the company said the accident occurred on July 14 at…
Logistics firm Delhivery Ltd on Tuesday (July 14) said the Reserve Bank of India (RBI) has approved the application for the grant of a Certificate of Registration (CoR) as a Type II non-banking financial company – non-deposit taking (NBFC-ND) to its wholly owned subsidiary, Delhivery Financial Services Private Limited. The approval was granted on July…
The April-June quarter of 2026 (Q1FY27) earnings season for the metals sector is expected to be mixed. While steel companies are likely to benefit from stronger steel prices, non-ferrous companies should gain from higher base metal prices. For steel companies, average steel realisations are expected to rise by around ₹4,000 per tonne quarter-on-quarter, driven by…
Mukul Kochhar, Head of Equities at Investec Capital Services (India), says India is at the start of a multi-year manufacturing export cycle as free trade agreements (FTAs), lower energy costs and stronger corporate balance sheets improve competitiveness. He expects electronics to be the biggest beneficiary, followed by auto components, textiles, chemicals and pharma. Kochhar also…
Leading pump maker, Kirloskar Brothers Ltd, on Tuesday (July 14), said its wholly owned material subsidiary, SPP Pumps Ltd, UK, has secured an international order worth GBP 11.67 million (approximately ₹149.59 crore) from Saipem Offshore Construction SPA for the supply of vertical pumps and spares. The order involves the supply of vertical pumps along with…
Stock Market Closing Today: BSE Sensex declined 561.46 points or 0.72 per cent to end at 77,054.94, while NSE Nifty50 fell 158.95 points or 0.66 per cent to close at 24,052.05. The Indian stock market came under heavy pressure on Tuesday’s trading session, with Sensex and Nifty ending in the red as a combination of…
The equity benchmark indices ended lower on Tuesday (July 14), with the Sensex falling 562 points to 77,055 and the Nifty declining 159 points to close at 24,052 as escalating West Asia tensions, a spike in crude oil prices and rupee weakness against the US dollar weighed on sentiment. Market breadth remained firmly negative, with…
