Sajjan Jindal-led JSW Steel Ltd on Thursday (May 14) said its board has approved raising up to ₹14,000 crore through a combination of non-convertible debentures (NCDs) with warrants and equity-linked instruments via the Qualified Institutions Placement (QIP) route, subject to shareholder and regulatory approvals. The company said the board approved issuance of NCDs with warrants…
The benchmark Nifty 50 extended its recovery for a second consecutive session on Thursday, supported by easing Brent crude prices and renewed buying in the second half of trade. The index opened 118 points higher but witnessed volatility during the first half, slipping over 160 points from the day’s high amid profit booking. Buying interest…
Strong revenue growth and better cost control helped Sheela Foam post a sharp rise in quarterly profit and operating performance year-on-year. 1 Min Read Sheela Foam Limited reported a strong fourth-quarter performance, with net profit rising sharply to ₹91.3 crore from ₹13.1 crore in the year-ago period. The company’s revenue also recorded robust growth, increasing…
Nifty50 Prediction for Friday, May 15: Technical analysts suggest that the “Morning Doji Star” formation on the daily charts has signalled a potential short-term trend reversal, placing the Nifty 50 at a critical crossroads for the final trading day of the week. Nifty Prediction for 15 May, 2026: After a high-octane comeback on Thursday, the…
Auto component maker Endurance Technologies Ltd on Thursday (May 14) reported a 12.8% year-on-year rise in consolidated net profit at ₹276.5 crore for the fourth quarter, compared with ₹245.1 crore in the same period last year. Revenue increased 37.9% year-on-year to ₹4,086 crore from ₹2,964 crore in the corresponding quarter. EBITDA rose 34.4% to ₹567.8…
Chalet Hotels reported a rise in fourth-quarter profit on Thursday, May 14, supported by steady growth in its hospitality and commercial real estate businesses. The company posted a consolidated net profit of ₹163 crore for the quarter ended March 31, up 31.7% from ₹124 crore a year earlier. Revenue from operations rose 7% year-on-year to…
Cash logistics-focused CMS Info Systems Ltd on Thursday (May 14) reported a consolidated net profit of ₹79.06 crore for Q4 FY26, compared with ₹97.56 crore in the same period last year, marking a decline of 19.0% year-on-year. Revenue rose to ₹632.93 crore from ₹619.07 crore in the corresponding quarter, an increase of 2.2% year-on-year. EBITDA…
The Multi-Commodity Exchange of India Ltd (MCX) on Thursday (May 14) announced the launch of Silver 100 (100 gram) futures contracts with effect from June 1, 2026, according to a circular issued by the exchange. The Silver 100 (100 gram) futures contracts will be available for trading across multiple expiry months, including July 2026, August…
According to analysts, the beginning of FY27 could also remain challenging for the IT sector. Spending across healthcare, travel and high-tech sectors is expected to stay weak, while improvement is anticipated in the BFSI and manufacturing sectors. As a result, investors are likely to closely track companies’ AI strategies, new deal wins and their ability…
Sensex Prediction for Friday: Investors will closely watch whether the benchmark index can extend the momentum on Friday, May 15, amid persistent concerns over elevated inflation, foreign fund outflows and geopolitical tensions in West Asia. Sensex Prediction for Friday: Stock markets staged a sharp rebound over the last two sessions on Thursday, with the 30-share…
