Adani Ports and Special Economic Zone Ltd on Tuesday (May 12) said its marine platform Astro Offshore has contracted with Oceaneering International Inc. to pursue specialised offshore and subsea opportunities in Europe, marking the company’s entry into specialised subsea operations in the region. The company said the agreement supports its strategy to expand into ultra-deepwater…
NBFC providing gold loans and business loans, IIFL Finance Ltd, said on Tuesday (May 12), that it has received an income tax order raising a demand of ₹475.56 crore for the block period from April 1, 2018, to February 3, 2025. The order was passed by the Joint Commissioner of Income Tax (OSD), Central Circle…
Anthropic’s warning that unauthorised share transfers are “void” has rattled private-market investors, raising fears over liquidity, ownership rights, and inflated AI startup valuations. 1 Min Read Artificial intelligence startup Anthropic has triggered intense debate in private markets after introducing strict rules that could invalidate unauthorised share transactions, rattling investors trading the company’s stock outside formal…
Omnichannel travel services company Thomas Cook (India) Ltd on Tuesday (May 12) reported a 40.2% year-on-year decline in net profit for the fourth quarter at ₹39 crore, compared with ₹65 crore in the same period last year. Revenue for the quarter declined 10.1% year-on-year to ₹1,771 crore from ₹1,969 crore in the corresponding quarter of…
Cohance Lifesciences Ltd on Tuesday (May 12) reported an 83.8% year-on-year decline in net profit for the fourth quarter at ₹20 crore, compared with ₹120.4 crore in the same period last year. Revenue for the quarter declined 26.3% year-on-year to ₹619.1 crore from ₹840.4 crore in the corresponding quarter of the previous year and ₹2,269…
Consumer prices in the US surged 3.8% year-on-year in April, marking the steepest rise since 2023, as the ongoing conflict involving Iran continued to push up fuel, electricity and daily living costs across the country. As per data released by the Bureau of Labour Statistics on Tuesday (May 12), inflation accelerated from 3.3% in March…
Infrastructure company PNC Infratech Ltd on Tuesday (May 12) said it has executed a settlement agreement with the National Highways Authority of India for a one-time settlement of ₹234.99 crore in connection with the Agra Bypass Project under the Vivad-se-Vishwas III (Contractual Disputes) Scheme. The agreement was executed on May 12, 2026, following an offer…
Gopal Snacks reported a sharp turnaround in the fourth quarter, posting a consolidated net profit of ₹29.9 crore compared with a net loss of ₹39.5 crore in the year-ago period, aided by strong revenue growth and improved operational performance. Revenue from operations rose 29% year-on-year to ₹409.6 crore from ₹317.5 crore, while EBITDA surged to…
Prime Minister Narendra Modi’s call for citizens to avoid buying gold for a year to reduce pressure on India’s foreign exchange reserves may accelerate a broader shift towards silver, according to jewellery industry executives, who say consumers are already treating the white metal as an affordable alternative to gold. Speaking to CNBC-TV18, Nitesh Jain, Managing…
The Nifty witnessed a sharp and broad-based sell-off on Tuesday, falling for the fourth consecutive session and ending 436 points lower at 23,379, marking its steepest single-day decline of the current financial year. The index opened with a gap-down of 93 points amid weak global cues and remained under sustained selling pressure throughout the trading…
