Jammu & Kashmir Bank Ltd on Tuesday (May 5) reported a 36.5% year-on-year rise in net profit for the fourth quarter at ₹798 crore, compared with ₹585 crore in the year-ago period. Net interest income (NII) increased 0.5% to ₹1,487.5 crore from ₹1,480 crore in the corresponding quarter last year. On the asset quality front,…
Chemical-based multi-business entity SRF Ltd on Tuesday (May 5) reported a 10.6% year-on-year rise in net profit for the fourth quarter at ₹582 crore, compared with ₹526 crore in the year-ago period. Revenue for the quarter rose 7% to ₹4,615 crore from ₹4,313 crore a year earlier. EBITDA increased 7.1% to ₹1,026 crore in the…
Defence training and anti-drone solutions provider Zen Technologies Ltd on Tuesday (May 5) said it has launched what it called India’s first AI-powered fully integrated anti-drone system, marking its entry into a modular counter-drone platform with vehicle-mounted, man-portable and fixed deployment configurations. The company unveiled the system at the North Tech Symposium 2026 in Prayagraj…
Sensex Prediction Today, May 6: Despite the subdued close, technical analysts highlight that the key index showed buying interest at lower levels, indicating the presence of demand near key support zones. Sensex Prediction Today: Indian equity benchmarks ended lower on Tuesday, under selling pressure as fresh tensions flared in the Strait of Hormuz region and…
The Bombay High Court on Tuesday (May 5) quashed the first information report (FIR) registered against HDFC Bank Ltd Managing Director and CEO Sashidhar Jagdishan in connection with a bribery complaint filed by the Lilavati Kirtilal Mehta Medical Trust, which runs Lilavati Hospital in Mumbai. A division Bench of Justices MS Karnik and NR Borkar…
JSW Energy Ltd on Tuesday (May 5) said the Supreme Court has directed Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to make an interim payment of ₹250 crore to the company in an ongoing tariff dispute related to its Ratnagiri unit. The dispute stems from an appeal filed by MSEDCL before the Appellate Tribunal for…
Drug firm Ajanta Pharma Ltd on Tuesday (May 5) reported an 18.4% year-on-year rise in net profit for the fourth quarter, with profit at ₹266.7 crore compared with ₹225.3 crore in the year-ago period. PAT margin stood at 19%. Revenue for the quarter rose 21.5% to ₹1,421.6 crore from ₹1,170.4 crore a year earlier. EBITDA…
Coinbase has announced a major restructuring, reducing its workforce by about 14% as part of a push to become a leaner, AI-driven organisation, according to CEO Brian Armstrong. In a note to employees, Armstrong said the decision was driven by two key forces: a cyclical downturn in crypto markets and rapid adoption of artificial intelligence,…
Kumar Mangalam Birla has been appointed as the Non-Executive Chairman of Vodafone Idea Limited with effect from May 5, 2026, following approval by the company’s Board of Directors. The company said the appointment is part of a leadership reshuffle. The board also accepted the request of Ravinder Takkar to step down as Non-Executive Chairman. He…
The choppy trend persisted on Tuesday, with the Nifty recovering from intraday lows but still ending 86 points lower at 24,033. After opening weak, the index extended losses in early trade before staging a gradual recovery from near the 23,900 mark in the middle of the session. Despite the rebound, the Nifty closed in the…
