Telecom operator Vodafone Idea reported a sharp turnaround in its financial performance for the March quarter of FY26, posting a consolidated net profit of Rs 51,970 crore. Source link
State-run non-bank lender Power Finance Corporation Ltd on Saturday (May 16) said its board has reserved the proposal for the merger of state-owned Rural Electrification Corporation Ltd (REC) into the company for approval by the President of India. The board has also authorised the Chairman and Managing Director of Power Finance Corporation to make an…
Asian shares gained after Wall Street gauges hit fresh records overnight. Equities in Japan, South Korea and Australia gained, advancing the broader MSCI Asia Pacific Index. The gauge is set for its sixth straight weekly gain, its longest streak since late January. Trading in the US was driven by AI-linked companies, with Nvidia Corp.’s six-day…
Oil prices were heading towards a weekly gain as the Strait of Hormuz remained closed, with efforts to end the Iran war in a limbo. Brent crude increased towards $107 a barrel, while West Texas Intermediate was close to $102 a barrel. A US naval blockade of Iran’s ports remains in place, while the waters…
Logistics firm Delhivery Ltd on Saturday (May 16) reported a marginal 0.2% year-on-year decline in net profit for the fourth quarter at ₹72.4 crore, compared with ₹72.6 crore in the corresponding quarter last year. PAT before Ecom integration costs and exceptional items stood at ₹87 crore. Revenue for the quarter increased 30% year-on-year to ₹2,850…
Delhivery Q4 results FY26: New-age logistics company Delhivery today announced its earnings for the fourth quarter of the financial year 2025-26. The Gurugram-based firm posted the consolidated net profit flat at Rs 72.3 crore in the reporting quarter compared to Rs 72.5 crore in the corresponding quarter of the previous financial year. Revenue at Rs…
Power and railway equipment producer Hind Rectifiers Ltd on Saturday (May 16) reported a 55% year-on-year decline in net profit for the fourth quarter at ₹4.51 crore, compared with ₹9.99 crore in the corresponding quarter last year. Revenue for the quarter increased 51% year-on-year to ₹279.8 crore from ₹185.1 crore a year earlier. EBITDA fell…
Gujarat-based solar solutions provider Solex Energy Ltd on Saturday (May 16) reported a 304% year-on-year rise in net profit for the fourth quarter at ₹57.9 crore, compared with ₹14.3 crore in the corresponding quarter last year. Revenue for the quarter increased 248% year-on-year to ₹885.5 crore from ₹254.4 crore a year earlier. EBITDA rose 251%…
President Donald Trump announced that China has agreed to purchase 200 Boeing Co. aircraft in a multibillion-dollar deal that would be the country’s first acquisition of commercial aircraft manufactured in the United States in almost ten years. However, the 500 737 Max and other widebody aircraft that Chinese airlines were anticipated to purchase at the…
Digital analytics consulting and solutions provider Latent View Analytics Ltd on Saturday (May 16) reported a 1% year-on-year decline in net profit for the fourth quarter at ₹52.8 crore, compared with ₹53.5 crore in the corresponding quarter last year. Revenue for the quarter increased 24% year-on-year to ₹288.6 crore from ₹232.2 crore a year ago….
