Alembic Pharmaceuticals Ltd. received tentative approval from the US Food and Drug Administration (USFDA) for its generic version of Larotrectinib Capsules in strengths of 25 mg and 100 mg, the company said in an exchange filing on Thursday, June 11. The approved abbreviated new drug application (ANDA) is therapeutically equivalent to Bayer Healthcare Pharmaceuticals’ Vitrakvi…
Oracle has reported its fourth-quarter results for fiscal year 2026, and the numbers mark another strong period for the Austin-based enterprise technology giant. Total revenue, cloud growth, and earnings per share all hit record highs in the quarter, with the company’s cloud infrastructure division growing at a pace that few in the industry are currently…
Highest Dividend-paying Stocks: The earnings season for Indian equities has largely concluded, with several major companies reporting their quarterly results. Most large-cap players delivered solid performances, posting healthy growth in both revenue and profit, highlighting the resilience of corporate India despite prevailing market uncertainties. Among the top 10 companies by revenue, the list comprises a…
In terms of sectoral positioning, Citi continues to prefer domestic-facing and defensive plays, maintaining overweight stances on financials, telecom, healthcare and utilities. On the other hand, it remains underweight on IT services, consumer staples and metals, while also flagging defence as a space where valuations have become less attractive. Source link
Elecon Engineering share price in focus: Elecon Engineering Company Ltd. primarily serves core sectors like cement, steel, mining, sugar, marine, and defence through custom-built gearboxes, material handling equipment, and castings. Financial performance Q4 FY26; for the quarter ended March 2026, the company consolidated revenue from operations stood at Rs 746 crores compared to Rs 798…
Macquarie has turned positive on India’s grid equipment sector with a bullish outlook, citing an $85 billion transmission and distribution (T&D) capital expenditure opportunity driven by rising power demand, accelerating renewable energy additions and large-scale grid expansion. The brokerage said India’s power sector is entering a multi-year investment cycle as the country expands its transmission…
Reliance Industries Price Target: Mukesh Ambani-led Reliance Industries Limited has recently been in focus due to two key developments. First, the company’s strategic engagement involving a deal with Meta Platforms has attracted strong market attention. Second, the stock has witnessed a notable correction in recent months amid weak broader market sentiment. Despite the recent correction,…
Tata Consultancy Services (TCS) and Anthropic have entered into a global strategic partnership designed to accelerate enterprise AI adoption. As a Global Premier Partner in the Claude Partner Network, TCS will establish a dedicated business unit to deliver joint industry solutions and deep AI expertise utilizing the Claude family of models. Deal Contours In an…
The artificial intelligence (AI) investment story is entering a new phase, according to Alicia Garcia Herrero, Chief Economist-Asia Pacific and Middle East at Natixis Corporate and Investment Bank. While the AI revolution still has significant room to grow, investors may need to adjust expectations as intense competition and falling prices make generative AI less profitable…
Honasa Consumer Share Price in Focus: Honasa Consumer Ltd. is the parent company and corporate entity that owns Mamaearth. Mamaearth is the flagship and largest brand under the Honasa umbrella, which also owns other personal care lines. The company reported a consolidated net profit of Rs 69.4 crore for the March quarter of the financial…
