The Nifty 50 extended its winning streak to a third consecutive session on Monday, ending 4 points higher at 24,211 after recovering sharply from early losses. The index opened 168 points lower amid concerns over escalating geopolitical tensions in West Asia. However, buying emerged near the 24,000 mark, helping the benchmark rebound more than 250…
Grasim Industries Ltd on Monday (July 13) said its subsidiary Aditya Birla Renewables Ltd (ABRen) has entered into an agreement to acquire the Sprng Energy group of companies from Shell Overseas Investment B.V. in a transaction valued at an enterprise value of ₹17,200 crore ($1.8 billion). The acquisition involves the purchase of 100% equity shares…
Drug firm Alembic Pharmaceuticals Ltd on Monday (July 13) said it has been informed that the USFDA has issued a warning letter to the clinical investigator associated with a bioequivalence study conducted at its Bioequivalence Facility in Vadodara. The company became aware of the warning letter on July 12, 2026. The USFDA inspection of the…
HCLTechwill invest up to ₹3,500 crore to establish AI data centres in India as it enters the full-stack AI market, seeking to tap rising demand for artificial intelligence-led services from enterprises and government customers. The investment will be made through newly incorporated wholly owned subsidiaries and has the potential to scale up to 50MW of…
Asian Paints has increased prices by around 12% to offset rising raw material costs linked to the conflict in West Asia, marking the steepest price hike among major paint makers in India. In his address to shareholders at the company’s 80th Annual General Meeting held on July 9, Chairman R Seshasayee said the escalation of…
US stock futures traded lower on Monday, July 13, as renewed hostilities between the United States and Iran rattled investor sentiment, pushing oil prices higher and weighing on technology shares ahead of a crucial week of inflation data and corporate earnings. Futures linked to the Dow Jones Industrial Average were little changed, while S&P 500…
HCL Technologies retained its FY27 guidance after reporting June-quarter earnings that beat CNBC-TV18 estimates on profit, revenue and margins after market hours on Monday, July 13. The IT major continues to expect constant currency revenue growth of 1%-4% and an EBIT margin of 17.5%-18.5% for FY27. Consolidated net profit rose 20.3% year-on-year to ₹4,624 crore,…
HCL Technologies reported 20 per cent year-on-year growth in its net profit to Rs 4,624 crore in the first quarter of the financial year 2026-27. The PAT stood at Rs 3,843 crore in the same quarter of the previous financial year. Revenue from operations in Q1 FY27 rose 13.9 per cent YoY to Rs 34,579…
Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…
Emcure Pharmaceuticals Ltd announced on Monday, July 13, that it will acquire the remaining 12.05% stake in its subsidiary Gennova Biopharmaceuticals Ltd for ₹231.87 crore, making the biotechnology company a wholly-owned subsidiary. In an exchange filing, the pharma company said it has signed share transfer agreements with all individual shareholders of Gennova to acquire 663,865…
