The equity benchmark indices BSE Sensex and NSE Nifty ended lower on Friday (May 8), but still closed the week with gains amid volatile trade, with broader markets outperforming frontline indices. The Nifty fell 151 points to close at 24,176, while the Sensex declined 516 points to end at 77,328. The Nifty Bank underperformed, slipping…
Consumer electricals maker Orient Electric reported a 28.9% year-on-year rise in consolidated net profit to ₹40.28 crore for the quarter ended March 31, 2026, compared with ₹31.26 crore in the corresponding quarter last year. Revenue from operations during Q4FY26 increased 10% to ₹948.25 crore from ₹861.85 crore a year ago. Total income for the quarter…
Aman Chowhan, Fund Manager at Abakkus Asset Manager, which manages assets worth nearly $2.06 billion, said the sharp market rebound over the past few weeks has caught many investors by surprise, even as the fund stayed selectively bullish through the correction. The Mumbai-based AMC increased exposure to renewable energy, power-linked capital goods and select metal…
ABB India reported a mixed set of numbers for the first quarter of CY2026 on May 8, with robust order inflows and a stronger backlog partly offset by pressure on profitability and margins. The engineering and industrial technology company posted revenue of ₹3,184 crore for the quarter, up 5.8% year-on-year from ₹3,010 crore. However, EBITDA…
US job growth topped expectations in April, signalling continued resilience in the labour market even as the Federal Reserve remains cautious on interest rates amid rising geopolitical risks. Non-farm payrolls increased by 115,000 last month, after an upwardly revised gain of 185,000 in March, according to data released Friday, May 8, by the US Bureau…
Wall Street futures traded higher on Friday after a stronger-than-expected US jobs report eased concerns around economic slowdown, while investors continued to track escalating tensions between the US and Iran in the Strait of Hormuz. Futures linked to the Dow Jones rose 181 points, or 0.4%, while S&P 500 and Nasdaq 100 futures climbed 0.6%…
Bajaj Healthcare Ltd reported a net loss of ₹22.9 crore in the fourth quarter of FY26, compared with a net profit of ₹11.2 crore in the corresponding period last year. Revenue from operations declined 0.9% year-on-year to ₹143.6 crore from ₹156.3 crore. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose 93% year-on-year…
MRF Limited, Britannia Industries, Larsen & Toubro, State Bank of India and Tata Consumer Products announce final dividends for FY26, with SBI payout on June 4, 2026 2 Min Read 1 / 6 Several large-cap companies have announced hefty dividends for the financial year ended March 31, 2026, reflecting strong earnings performance and a continued…
Sajjan Jindal-led JSW Steel Ltd on Friday (May 8) said it has been declared the “preferred bidder” for Pissurlem Mineral Block No. XV in Goa, following an auction held on May 7, 2026. The company said it received communication from the Office of the Director, Directorate of Mines and Geology, Government of Goa, confirming its…
Ride-hailing services firm Ani Technologies, popularly known as Ola Cabs, has reported a widening of consolidated loss to ₹662.4 crore in FY25, mainly due to a decline in sales, according to the company’s regulatory filing shared by market intelligence firm Tofler on Friday. The company had posted a loss of ₹328.7 crore in the financial…
