State-run construction company NBCC (India) Ltd has signed a formal agreement with the Government of Seychelles to execute a $75 million (around ₹650 crore) affordable housing project, converting an earlier letter of intent into a full-fledged contract. The project involves the construction of 1,008 affordable housing units at Île Aurore in Seychelles, along with associated…
Hyderabad-based drug major Dr Reddy’s Laboratories Ltd on Wednesday (July 29) said the United States Food and Drug Administration (USFDA) has completed a Pre-Approval Inspection (PAI) and Good Manufacturing Practices (GMP) inspection at its FTO-SEZ Process Unit-02 in Srikakulam, Andhra Pradesh. The inspection was conducted from July 20, 2026, to July 29, 2026. Following the…
Nithin Kamath, founder and CEO of Zerodha on Wednesday has expressed serious concerns about the growing use of Margin Trading Facility (MTF) in the Indian stock market. He compared the situation to the current problems in the Korean markets. What is worrying Nithin Kamath? In a detailed post on microblogging website X, Nithin has said…
Sun Pharmaceutical Industries has received approval from Brazil’s health regulator ANVISA to manufacture and market semaglutide injections in the South American country for adults with inadequately controlled Type 2 diabetes, the company informed exchanges on Wednesday. The drugmaker plans to launch the product in the coming days through a partnership with Hypera Pharma, one of…
Digital and technology services company, Hexaware Technologies reported a 6.2% sequential decline in net profit for the second quarter of calendar year 2026, even as revenue and operating profit grew and margins improved. The IT services company posted a net profit of ₹330 crore for the quarter, compared with ₹352 crore in the previous quarter….
Adani stocks: Adani Enterprises reported a consolidated net loss of Rs 1,160 crore for the reporting quarter, compared with a profit of Rs 885 crore a year earlier. Adani Group flagship firms – Adani Enterprises Ltd (AEL) and Adani Ports and Special Economic Zone Ltd. (APSEZ) – on Wednesday reported robust top-line growth and record…
Vedanta Oil & Gas reported a consolidated net profit of ₹945 crore for the June quarter, reversing from a loss of ₹476 crore in the preceding quarter, due to an exceptional gain from the slump sale of certain businesses. Revenue from operations, however, declined 3.1% sequentially to ₹2,507 crore from ₹2,588 crore. The company’s Earnings…
State-owned Punjab National Bank (PNB) on Wednesday (July 29) said its board has approved raising foreign currency funds through the establishment of a Medium-Term Note (MTN) programme of up to $1.5 billion. The bank said bonds under the programme will be issued through PNB’s International Financial Services Centre (IFSC) Banking Unit at GIFT City. In…
Acme Solar Holdings reported a 79.9% year-on-year increase in consolidated profit after tax (PAT) to ₹235 Cr for the June quarter (Q1 FY27), driven by higher irradiation, improved plant performance, and renewable energy and battery energy storage system (BESS) capacity additions. The company’s total revenue rose 63.3% to ₹954 Cr during the quarter from ₹584…
IT services company Coforge believes the next phase of artificial intelligence adoption will be driven by enterprise applications rather than access to large language models, as businesses shift their focus from experimenting with AI to deploying it at scale across their operations. Speaking during the Coforge’s June-quarter earnings call, Chief Executive Officer Sudhir Singh said…
