Cerebras Systems, the biggest pureplay AI IPO on Wall Street and the biggest US tech IPO since Uber in 2019, surged 68% on its trading debut, valuing it at $95 billion at the close of its first day on Wall Street. The company fell just short of joining Meta and Alibaba as some names who…
Dilip Buildcon reported a sharp decline in fourth-quarter profit on Wednesday, hurt by lower revenue, margin pressure and the absence of sizeable exceptional gains that had boosted earnings in the year-ago period, according to an exchange filing. The company posted a consolidated net profit of ₹62.05 crore for the quarter ended March 31, down 63.7%…
“I [have] come to a point where I hand over the reins to the next generation,” Sunil Bharti Mittal, Chairperson of Bharti Enterprises and promoter of Bharti Airtel, said, adding that over the next decade, Bharti Telecom should regain controlling shareholding of 51% or just over 50% in Bharti Airtel, during the company’s Q4FY26 earnings…
Latest disclosures made by US President Donald Trump show heavy trading activity in US companies made by him during the first quarter of calendar year 2026 totaling millions or dollars or more. In a document totaling over 110 pages, filed with the US Government of Ethics, Trump disclosed that he bought stakes worth over $5…
Benchmark indices on Wall Street had yet another positive session with the S&P 500 and Nasdaq notching new records and the Dow Jones reclaiming an important milestone. The Dow Jones surged 370 points on Thursday to close above the mark of 50,000 for the first time after February 12. The S&P 500 closed above the…
JSW Steel Ltd approved the amalgamation of BMM Ispat Ltd with itself on Thursday, May 14, to strengthen its long products portfolio and expand capacity in Karnataka. Under the scheme, JSW Steel will issue one fully paid-up equity share of face value ₹1 each for every 18 fully paid-up equity shares of ₹10 each held…
SEPC Limited has announced that its joint venture has received a Letter of Award (LoA) valued at ₹521.5 Cr from Shalimar Corp for engineering, procurement and construction (EPC) work. The contract has been awarded to the SEPC-Furlong JV for a road infrastructure project involving the widening and upgradation of a section in Uttar Pradesh to…
Muthoot Finance reported a strong set of fourth-quarter earnings, helped by robust growth in its gold loan business and a sharp rise in net interest income. The gold loan financier posted a consolidated net profit of ₹3,086 crore for the March quarter, more than doubling from ₹1,508 crore in the corresponding period last year. Net…
Infrastructure major Hindustan Construction Company Ltd (HCC Ltd) on Thursday (May 14) reported a consolidated net profit of ₹58.9 crore for Q4FY26, down 35% from ₹90.1 crore in the same period last year. Revenue declined to ₹992.2 crore from ₹1,373.7 crore in Q4 FY25. EBITDA slid 60.2% to ₹170.8 crore from ₹429.5 crore a year…
EBITDA surged 56.1% to ₹255.1 crore from ₹163.4 crore a year earlier, while the EBITDA margin expanded to 9.2% from 6.7% YoY. Shares of Chambal Fertilisers and Chemicals Ltd ended at ₹426.40, down by ₹2.55, or 0.59%, on the BSE today, May 14. 1 Min Read Fertiliser company Chambal Fertilisers and Chemicals Ltd on Thursday…
