Rane (Madras) Ltd. on Wednesday, May 6, reported a sharp recovery in profitability for the quarter ended March 31, 2026, with consolidated net profit surging to ₹37 crore from ₹6.5 crore in the same period a year ago, as the auto components maker moved past a clutch of one-time charges that had weighed on its…
Law firms reviewing governance at HDFC Bank are set to report this month that they have not found any major lapses, two people with direct knowledge of the findings said, clearing the way for the reappointment of its CEO. India’s largest private lender by assets called in Mumbai-based Trilegal and Wadia Ghandy & Co after…
Brokerage firm Nuvama has maintained buy rating on JSW Infrastructure with a target price of Rs 284. JSW Infrastructure on Friday posted an 18 percent decline in consolidated net profit to Rs 423.67 crore in the March quarter of FY 2025-26. It had reported a net profit of Rs 515.58 crore for the January-March period…
The equity benchmark indices BSE Sensex and NSE Nifty ended near the day’s high on Wednesday (May 6) after reports of the US nearing a deal with Iran to end the war lifted sentiment, with benchmark indices led higher by financial heavyweights, Bharti Airtel and Mahindra & Mahindra. The Sensex rose 941 points to close…
In confirmation of a CNBC-TV18 newsbreak from earlier this week, Arvind Advanced Materials Ltd. (AAML), a wholly owned subsidiary of Arvind Ltd., has acquired a 61% controlling stake in Dalco-GFT, a US-based manufacturer of specialized needlepunch nonwoven fabrics, the company announced on Wednesday. Deal Contours The enterprise value of the transaction is $136 million, valuing…
Asian shares gained on Thursday, May 7, as optimism increased over the US and Iran nearing a deal. Japanese equities rallied post their return from a break as the Nikkei 225 Index gained 3.4%. Meanwhile, gauges in South Korea and Australia also increased on speculation of easing of West Asia tensions would lower oil prices…
Oil prices steadied after declining nearly 8% in the prior session as the US and Iran weighed a new proposal to end the West Asia war. Brent traded over $102 a barrel, while West Texas Intermediate was close to $96 a barrel. Washington has presented a one-page memorandum of understanding that will potentially lead to…
Swiggy Share Price Target 2026: Food delivery and quick commerce company Swiggy, which recently announced its Q4 results, received bullish outlook from two brokerage firms on the back of strong traction in the food delivery vertical although the company’s quick commerce venture struggles to keep afloat. Brokerage firm Nuvama has maintained buy rating on Swiggy…
Gold prices held largely steady near a one-week high on Thursday as investors remained on the sidelines awaiting further details on a potential U.S.-Iran peace deal. Spot gold was unchanged at $4,688.16 per ounce, as of 0059 GMT, after rising about 3% on Wednesday to its highest level since April 27. US gold futures for…
Lloyds Metals and Energy Ltd. on Tuesday said the wholly owned unit will “pursue a long-term cooperation and mining agreement in respect of the Panguna mine in Papua New Guinea.” The local authorities have chosen the rapidly expanding Indian company as their preferred partner for the huge project, defeating competition from China’s considerably larger CMOC…
