Bharat Electronics (BEL) on Monday, June 27, reported a largely in-line set of earnings for the June quarter, with net profit and revenue marginally ahead of CNBC-TV18 estimates, while operating margin came in below Street expectations. The state-run defence company also approved a proposal to increase its authorised share capital, subject to shareholders’ approval. BEL’s…
The country’s largest asset manager, SBI Mutual Fund, has hired Manish Mehta as its Chief Business Officer, three sources with direct knowledge of the matter say. Mehta joins SBI Mutual Fund after spending 15 years at Kotak Mahindra AMC between 2010 and 2025. In his last stint at Kotak, Mehta was Joint President & National…
Tata Power reported a stronger-than-expected performance for the June quarter, with net profit rising 11% year-on-year as robust contributions from its renewable energy, transmission and generation businesses offset pressure on margins. The integrated power utility posted a consolidated net profit of ₹1,401 crore for the quarter ended June 30, ahead of the CNBC-TV18 poll estimate…
Housing and Urban Development Corporation Ltd (HUDCO) on Monday (July 27) reported a 35.1% year-on-year increase in net profit to ₹851 crore for the first quarter, compared with ₹630 crore in the corresponding period last year. The company’s net interest income (NII), or the difference between interest earned and interest paid, rose 21.1% to ₹1,149…
IT services major Wipro Ltd on Monday (July 27) announced an expanded partnership with Databricks to help enterprises modernise their data foundations and accelerate artificial intelligence (AI) adoption. As part of the partnership, Wipro has established a dedicated Databricks business practice focused on building industry-specific AI-led solutions and accelerators aimed at delivering business value through…
World’s largest private-label instant coffee manufacturer, CCL Products (India) Ltd, on Monday (July 27) reported a consolidated net profit of ₹116.8 crore for the first quarter ended June 30, 2026, registering a growth of 61.3% compared with ₹72.44 crore in the corresponding quarter last year. Revenue from operations stood at ₹1,200 crore in Q1FY27, up…
Welspun Corp Ltd. has secured a new order worth approximately ₹960 crore for the supply of coated line pipes from its manufacturing facility in Little Rock, the United States. The company disclosed the development in an exchange filing on Monday. The latest order has taken Welspun Corp’s consolidated global order book to around ₹25,750 crore,…
Pharmaceutical major Cipla Ltd on Monday (July 27) announced that it has received approval from the United States Food and Drug Administration (USFDA) for its generic version of Advair Diskus (fluticasone propionate and salmeterol inhalation powder). The approval was granted for the company’s Abbreviated New Drug Application (ANDA) covering all three strengths of the product…
IT firm Happiest Minds Technologies Ltd on Monday (July 27) reported a net profit of ₹68 crore for the quarter ended June 30, 2026, rising 10.5% compared with ₹61 crore in the previous quarter. Revenue in Indian rupee terms stood at ₹629 crore, up 4% quarter-on-quarter from ₹604 crore. On a year-on-year basis, revenue grew…
Indian investors and markets will track global cues on Tuesday as US stocks trade mixed, with the S&P 500 slipping into the red despite a pause in fig…Read More 1/5 US Markets | US stock markets traded mixed on Monday as gains in the Dow Jones Industrial Average outweighed weakness in technology shares. The Dow…
