Torrent Power reported a 70% year-on-year fall in consolidated net profit for the March quarter at ₹318.2 crore, compared with ₹1,060 crore in the corresponding period last year, impacted by a high base due to a one-time deferred tax reversal in FY25. Revenue for the quarter remained largely flat at ₹5,930 crore against ₹5,951 crore…
Wall Street futures traded lower on Tuesday as hotter-than-expected inflation data and a sharp spike in crude oil prices rattled investor sentiment amid escalating tensions between the US and Iran. The S&P 500 opened lower on Tuesday, with the broad market index falling 0.3% shortly after the opening bell. The Nasdaq Composite also declined 0.7%,…
Nifty Prediction Today, May 13: For Wednesday, experts believe the market mood is likely to remain cautious amid elevated geopolitical tensions and rising volatility. Nifty Prediction Today, May 13: The Indian equity benchmarks extended their losses for a second straight session on Tuesday as escalating tensions in West Asia, surging crude oil prices and concerns…
Pfizer Ltd reported a mixed set of fourth-quarter earnings for FY26 on May 12, with revenue and operating profit rising year-on-year, although net profit declined sharply during the period. The company posted a net profit of ₹200 crore for the quarter, down 39.6% from ₹311 crore in the corresponding period last year. Revenue rose 6.3%…
Groww parent Billionbrains Garage Ventures saw a large block deal on Tuesday, May 12, in which existing investors sold a 4.7% stake worth ₹5,326 crore, according to exchange data and sources. Investors including Peak XV Partners, Y Combinator’s YC Holdings, Ribbit Capital and Sequoia Capital participated in the transaction, offloading 29.52 crore shares at an…
Texmaco Rail and Engineering Ltd on Tuesday (May 12) said it has secured a major international rail opportunity in South Africa valued at more than ₹4,045 crore through a letter of award from a South African train operating company. The order covers the supply of more than 2,235 freight wagons across multiple variants, along with…
Technology-enabled services provider in the healthcare services space, Sagility Ltd, on Tuesday (May 12), reported a 41.2% year-on-year rise in consolidated net profit for the fourth quarter at ₹257.7 crore, compared with ₹182.5 crore in the same period last year. Revenue for the quarter increased 29% year-on-year to ₹2,024.2 crore from ₹1,340 crore in the…
Bengaluru-based realty firm Puravankara Ltd on Tuesday (May 12) said its wholly-owned subsidiary Starworth Infrastructure & Construction Ltd has received a letter of intent for a civil construction contract worth ₹57.80 crore for a Westin Hotel project in Bengaluru. The order has been awarded by Innmar Tourism and Hotels Private Ltd for the execution of…
Sensex Prediction Today, May 13: Market experts believe the near-term outlook remains weak, with volatility likely to stay elevated unless benchmark indices reclaim key resistance levels. After a brutal session of sell-off on Tuesday that saw the key equity benchmark index BSE Sensex plummet nearly 2 per cent, all eyes are now on the Wednesday,…
The US Senate on Tuesday (May 12) confirmed Kevin Warsh to a 14-year term as Federal Reserve governor, advancing his position as a potential successor to Jerome Powell as the next head of the US central bank. The confirmation passed by a 51–45 vote, with Pennsylvania Democrat John Fetterman joining Republicans in support. The Senate…
