Lenskart Solutions reported a mixed set of fourth-quarter earnings on May 20, with strong revenue growth and improved operating performance offset by a decline in net profit. Revenue for the March quarter rose 45.6% year-on-year to ₹2,515.7 crore from ₹1,727.5 crore, reflecting continued demand momentum and expansion across channels. EBITDA surged 84% year-on-year to ₹538.4…
Carysil reported a 45.2% year-on-year rise in consolidated net profit for the fourth quarter at ₹27 crore, compared with ₹18.6 crore a year ago. As per exchange filings, revenue for the quarter increased 14.6% to ₹233.7 crore from ₹204 crore in the corresponding period last year. EBITDA rose 30% year-on-year to ₹45 crore from ₹34.6…
Shares of Eris Lifesciences Ltd. rose nearly 12% after the company reported a strong March quarter performance on Tuesday, May 20, with net profit nearly tripling year-on-year, aided largely by a sharp deferred tax gain. Consolidated net profit for Q4FY26 stood at ₹281.6 crore compared to ₹93.8 crore in the corresponding quarter last year. The…
The equity benchmark indices BSE Sensex and NSE Nifty ended higher after recovering more than 1% from the day’s lows, supported by gains in oil marketing companies, metals and select financial stocks, even as the rupee hit a record intraday low against the US dollar. The Sensex rose 118 points to close at 75,318, while…
India will launch its first exchange-traded weather derivatives contract next month, marking the country’s entry into the regulated climate risk market, with NCDEX announcing a Mumbai rainfall-linked futures product aimed at helping businesses hedge against monsoon uncertainty. The National Commodity and Derivatives Exchange (NCDEX) said the “RAINMUMBAI” contract, approved by the Securities and Exchange Board…
As worries over Middle East hostilities subsided due to confidence about US-Iran negotiations, Asian stocks rose along with Wall Street, lowering bond yields and crude oil prices. In response to its sales projection, Nvidia Corp.’s stock fell. The MSCI Asia Pacific Index increased by 1.2% as Japan’s Nikkei 225 surged a mammoth 3%. South Korean…
Samsung Electronics’ shares rose as much as 6.5% in morning trade on Thursday after the tech giant and its South Korean union reached a tentative pay deal, potentially averting a strike that had threatened to hit the economy and undermine global chip supply chains. The union said the planned 18-day strike by nearly 48,000 members…
Shares of JSW Energy Ltd. are in focus on Thursday, May 21, as the company has launched a qualified institutional placement (QIP) to raise funds. People in the know have told CNBC-TV18 that the company plans to raise up to ₹4,000 crore through this share sale to eligible institutional bidders. The indicative issue price is…
OpenAI is preparing to confidentially file for a US initial public offering in the coming weeks, a source familiar with the matter said on Wednesday, adding to a wave of blockbuster listings anticipated in the year ahead. The plan by the ChatGPT maker, which was last valued at $852 billion, comes two days after it…
Shares of the SoftBank Group, listed on the Japanese stock exchanges, surged up to 20% on Thursday, May 21, led by three important factors. The Masayoshi Son-led company snapped a five-day losing streak after this surge. SoftBank’s fortunes are closely tied to the AI boom, considering the massive investments it has made in companies related…
