Zaggle Prepaid Ocean Services reported a 30.6% year-on-year rise in consolidated net profit for the fourth quarter of FY26 at ₹41 crore, compared with ₹31 crore in the corresponding period last year, driven by strong revenue growth and improved operating margins. Revenue from operations surged nearly 50% year-on-year to ₹618 crore during the quarter from…
Sensex Prediction today, May 14: The consensus for Thursday is a cautious recovery attempt. However, technical analysts warn that this is a ‘measured upmove’ rather than the start of a broad-based rally. Sensex Prediction Today, May 14: Following a volatile trading session on Wednesday, in which the key benchmark index, the Sensex, managed to snap…
India’s markets regulator has proposed a number of changes to municipal bonds, according to a proposal paper on the regulator’s website posted on Wednesday, in a bid to boost their popularity. Among the key changes, the Securities and Exchange Board of India (SEBI) has proposed that these bonds can be issued for refinancing. It has…
India’s market watchdog is moving to relax borrowing rules for mutual funds, while also granting more time for the rollout of the existing framework after industry participants flagged execution challenges. The proposal signals a shift toward giving fund houses greater flexibility in managing short-term liquidity. The Securities and Exchange Board of India is now looking…
Bharti Airtel Ltd said its board has approved the issuance of up to 146.76 million equity shares to promoter group entity Indian Continent Investment Ltd (ICIL) on a preferential basis through a share swap transaction, according to an exchange filing. The transaction involves acquisition of up to 16.31% stake, or 595.2 million shares, held by…
₹Banks and brokers will not be liable for taxes owed by offshore funds in India, the markets regulator clarified on Wednesday, two sources with direct knowledge of the matter said, lifting a hurdle that had delayed fund launches. Last month, India’s federal tax authorities asked representatives of offshore funds, such as foreign banks that act…
NLC India reported a sharp rise in fourth-quarter earnings for FY26 on May 13, with net profit nearly tripling year-on-year as revenue growth and stronger operating performance boosted margins. The state-run mining and power generation company posted a net profit of ₹1,394 crore for the quarter, compared with ₹482 crore in the year-ago period. Revenue…
India’s market regulator has asked former Religare Enterprises executive chairperson Rashmi Saluja to disgorge ₹1.99 crore and imposed a ₹40 lakh penalty over alleged insider trading linked to the Burman Group open offer for the company. In its final order dated May 13, Securities and Exchange Board of India found that Saluja had traded in…
Balaji Amines reported a sharp rise in fourth-quarter earnings, helped by improved operating performance and margin expansion. The company posted a net profit of ₹63.2 crore for the quarter ended March 2026, up 57.8% from ₹40.1 crore a year earlier, according to an exchange filing. Revenue from operations rose 11.9% year-on-year to ₹394.8 crore, compared…
Realty major DLF Ltd on Wednesday (May 13) reported a flat bottomline with net profit down 1.1% year-on-year at ₹1,268.6 crore for the fourth quarter, compared with ₹1,282.2 crore in Q4FY25. Revenue fell 42% year-on-year to ₹1,814 crore from ₹3,128 crore in the same period a year ago. EBITDA declined 58% year-on-year to ₹411 crore…
