Bajaj Finance Ltd. reported June quarter results on Thursday, July 30, where its core income was marginally below expectations, while net profit was largely in-line. Asset quality remained stable. Net Interest Income (NII) for the quarter stood at ₹12,571 crore, a growth of 23% from the year-ago period. A CNBC-TV18 poll had projected the figure…
Anil Agarwal-owned mining conglomerate Vedanta Ltd. announced the demerger of its real estate business, barely two months after listing four of its previously demerged units. Vedanta Ltd. will now be demerging its real estate business into a separate listed entity on a going concern basis, the company said in its exchange filing. The real estate…
Bengaluru-based precision engineering company Indo-MIM expects to deliver 10-15% annual revenue growth over the next five years, supported by demand across aerospace, defence, medical components and land-based gas turbines, while management also sees the China+1 manufacturing shift creating fresh business opportunities. Krishna Chivukula, Whole-time Director and CEO of Indo-MIM, said the company remains confident of…
Indian shares ended on a positive note in a volatile session, with benchmark indices outperforming the broader market. The Sensex gained 274 points to close at 77,928, while the Nifty added 67 points to settle at 24,317, reclaiming and holding above the crucial 24,300 mark. Despite weak global cues and pressure in midcaps, strength in…
Vedanta Ltd. reported a resilient set of earnings in its first quarterly results since completing its demerger, with stronger operating profitability and improved margins helping offset a marginal decline in revenue. The performance reflected healthy execution across its diversified metals and mining portfolio, while continued debt reduction added to investor confidence. Profit for the June…
Hyundai Motor India reported a 35.1% year-on-year decline in consolidated net profit for the quarter ended June 30, 2026, as revenue remained largely flat and operating profitability weakened during the period. Consolidated profit after tax (PAT) came in at ₹888.6 crore in the first quarter of financial year 2027, compared with ₹1,369.2 crore in the…
The Indian rupee snapped its four-session winning streak to settle marginally lower against the US dollar on Thursday, as markets digested the US Federal Reserve’s policy decision and tracked movements in crude oil prices. The domestic currency closed at 95.68 per US dollar, compared with 95.65 in the previous session, down 0.03% or 0.0325 paise,…
The initial public offering (IPO) of Manipal Health Enterprises will close for subscription on Friday, July 31. The ₹9,275-crore issue, which opened for bidding on July 29, witnessed a muted response through the second day. As of 5 pm on July 30, the IPO had been subscribed 45% overall. The public issue received bids for…
Three defence stocks are expected to remain in focus on Friday, July 31, after a strong quarterly earnings performance by Mazagon Dock Shipbuilders and fresh order wins announced by Garden Reach Shipbuilders & Engineers (GRSE) and Astra Microwave Products. Mazagon Dock Shipbuilders Mazagon Dock Shipbuilders reported a steady start to FY27, with the June quarter…
Foreign Portfolio Investors (FPIs) reversed their selling streak in July, turning net buyers of Indian equities with cumulative purchases worth ₹20,199 crore. Of this, ₹6,731 crore came through stock exchanges, while ₹13,467 crore flowed in via the “primary market and others” category. Debt inflows also rose sharply, with ₹29,211 crore entering through the “General Limit”…
