Shares of Great Eastern Shipping Company Ltd. surged 10.6% on Friday, May 15, hitting a new 52-week high of ₹1,642.70, after the company reported a nearly three-fold jump in the March quarter profit, aided by strong shipping performance, vessel sale gains and forex gains. Net profit for Q4FY26 rose 188% year-on-year to ₹1,044 crore from…
Shares of Nazara Technologies Ltd. gained on Friday, May 15, after they witnessed a large trade in the morning. As much as 4.9% of its equity exchanged hands via block deals on Friday. Zerodha’s Nikhil Kamath and existing shareholder Axana Estates are likely the buyers in the block deals, people in know told CNBC-TV18. The…
Devyani International reported its March quarter earnings on Friday, posting strong double-digit growth in revenue and operating profit, while losses narrowed compared to the year-ago period. For Q4FY26, the quick service restaurant operator reported a net loss of ₹10 crore, compared to a loss of ₹15 crore in the corresponding quarter last year. Revenue from…
Elon Musk’s SpaceX is looking at listing its shares on Nasdaq as early as June 12, news agency Reuters reported citing sources. This listing is expected to headline the crowded IPO calendar this year which could also include AI heavyweights such as OpenAI and Anthropic. SpaceX’s debut comes at a pivotal moment for the IPO…
Shares of Skipper Ltd. gained on Friday, May 15, after the company announced fresh order wins worth ₹1,265 crore across domestic and international power transmission and distribution (T&D) projects. In an exchange filing, the company said the new orders include 765 kV and 400 kV transmission line projects from a domestic developer, along with tower…
A selloff in global bonds halted a rally in stocks, with concern intensifying that central banks will be forced to tighten policy to keep inflation in check amid persistently elevated oil prices. In the worst session for equities since March, the S&P 500 fell 1.2%. A gauge of chipmakers — which had led a surge…
India’s stock market has fallen more than the actual economic damage from the West Asia conflict justifies. “Markets have very well factored that in, and the earnings impact in FY27 could be about 2–4%, whereas markets have corrected from peak anywhere between 5–10%,” Trideep Bhattacharya, CIO-Equities at Edelweiss AMC, suggesting the gap could create an…
Solara Active Pharma Sciences reported a return to profitability in the March quarter on May 16, aided by strong revenue growth and improving operational performance, even as weakness in its Ibuprofen business continued to pressure margins. The company posted a net profit of ₹9.7 crore for Q4FY26, compared with a loss of ₹4.8 crore in…
Shares of Jain Irrigation Systems Ltd. fell over 5% on Friday, May 15, after the company reported a March quarter loss, while revenue and operating profit posted growth. The company posted a consolidated net loss of ₹19 crore for Q4FY26, compared to a profit of ₹27.9 crore in the year-ago period. Revenue rose 4.3% year-on-year…
From May 13, the government raised the import duty on gold and silver to 15% from 6%. The new duty structure includes a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess (AIDC). /div> /div> For millions of Indians who hold physical gold, Jain says there is an immediate upside to the…
