Benchmark indices on Wall Street tanked on Wednesday, July 29, after the US Federal Reserve’s interest rate decision sent bond yields soaring and led the market to believe that inflation could remain higher for longer. The Dow Jones fell over 1,100 points to mark its worst day since April 2025, the period of US President…
Gujarat-headquartered Eris Lifesciences reported a 20.7% year-on-year increase in consolidated profit after tax (PAT) attributable to owners at ₹142.39 crore for the quarter ended June 30, 2026, compared with ₹117.99 crore a year earlier. Revenue from operations rose 13% to ₹873.25 crore from ₹773 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) increased…
Shares of Vedanta Oil & Gas Ltd. ended 3.3% higher on Wednesday, July 29, ahead of the company’s first quarterly results following its demerger and separate listing. The company reported a net profit of ₹945 crore for the June quarter, compared with a loss of ₹476 crore in the previous quarter. Revenue from operations declined…
Dabur India delivered another quarter of broad-based growth despite navigating a difficult operating environment marked by persistent inflation, volatile commodity prices and geopolitical uncertainty in the Middle East. While the FMCG major reported a better-than-expected profit and its third consecutive quarter of double-digit earnings growth, domestic volume growth of 5% fell short of CNBC-TV18’s expectation…
People supply chain company TeamLease Services Ltd reported a 31.4% year-on-year rise in consolidated net profit for the June quarter at ₹34.9 crore, compared with ₹26.5 crore in the corresponding period last year. Revenue from operations increased 5.8% to ₹3,034.7 crore from ₹2,869.4 crore a year earlier. EBITDA rose 2.7% to ₹31.5 crore during the…
MTAR Technologies reported a strong set of June quarter earnings, with net profit rising nearly fivefold year-on-year along with robust revenue growth and margin expansion. The company reported a net profit of ₹50.2 crore for Q1FY27, compared with ₹10.8 crore a year earlier. Its revenue more than doubled to ₹360 crore from ₹157 crore in…
Pieter Elbers, who stepped down as Chief Executive Officer of InterGlobe Aviation on March 10, 2026, took home a remuneration of ₹69.5 crore in FY26, with stock options accounting for nearly 61% or ₹43 crore of the total. His annual salary stood at ₹14 crore, taking his total compensation sharply higher from nearly ₹43 crore…
The government has extended the additional charge of the post of Chairman and Managing Director (CMD) of Cochin Shipyard Ltd held by Jose V J, Director (Finance), for a further period of seven months with effect from August 1, 2026, the company said in an exchange filing. The extension was approved by the Appointments Committee…
As IndiGo prepares for its next phase of growth, the airline is looking beyond carrying Indian travellers overseas. Its longer-term ambition is to make India a transit hub connecting passengers from around the world. But what does that mean, and can India realistically compete with established aviation hubs such as Dubai, Singapore and Doha? For…
Zerodha founder and CEO Nithin Kamath has flagged the rapid growth in margin trading as the biggest risk facing the brokerage, warning that a sharp correction in Indian equities could trigger forced selling, particularly in small- and mid-cap stocks. Drawing parallels with the recent turmoil in South Korea’s stock market, Kamath said his “biggest nightmare…
