Global metal forging company Bharat Forge Ltd on Thursday (April 30) said it has signed a Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA) to acquire a 30% equity stake in Fortuna Engineering Private Ltd for an aggregate consideration of ₹129.60 crore, through a cash transaction. The company also retains an option to acquire an…
Engineering firm Siemens Ltd on Thursday (April 30) said it has received an internal work allocation from its group company for manufacturing and supply of bogies, traction motors and gearboxes valued at ₹1,825 crore. The order was awarded on March 25, 2026, the company informed in a regulatory filing. Siemens Limited said the allocation relates…
Telecom infrastructure firm RailTel Corporation of India Ltd on Thursday (April 30) reported a 25% year-on-year rise in consolidated net profit for the fourth quarter at ₹142 crore, compared with ₹114 crore in the same period last year. Revenue for the quarter increased 28% to ₹1,669 crore from ₹1,308 crore a year earlier. EBITDA rose…
Crude oil prices have surged sharply as tensions in West Asia intensify, with Brent crude now trading around $125 per barrel, its highest level since 2022. The market remains focused on the Strait of Hormuz, through which nearly 20% of global oil flows, as the ongoing US–Iran standoff continues to raise fears of a prolonged…
Godrej Agrovet reported a mixed performance in the fourth quarter, with strong profit growth but pressure on operating metrics. The company’s net profit rose 48.1% year-on-year to ₹105 crore compared to ₹71 crore in the same period last year. Revenue increased 9.3% to ₹2,333 crore from ₹2,134 crore, indicating steady growth across segments. However, EBITDA…
Infrastructure company NCC Ltd on Thursday (April 30) said it has received four orders during April 2026 totalling ₹1,703.27 crore, excluding GST. Of the total orders, ₹929.96 crore pertains to the buildings division, ₹603.41 crore to the electrical division, and ₹169.90 crore to the transportation division. The company said these orders were received in the…
Tata Power said its subsidiary Tata Power Renewable Energy Ltd (TPREL) has approved entry into photovoltaic (PV) ingot and wafer manufacturing, marking a move into the upstream solar value chain. The new business will focus on supplying key inputs for downstream cell and module manufacturing, supporting backward integration and aligning with India’s push for domestic…
Vodafone Idea Limited has received a significant breather after the government revised and lowered its adjusted gross revenue (AGR) dues, according to a regulatory filing on April 30. The Department of Telecommunications (DoT) has finalised the company’s AGR liability at ₹64,046 crore as of December 31, 2025—down from the earlier frozen estimate of ₹87,695 crore….
Thrissur-based private bank ESAF Small Finance Bank Ltd on Thursday (April 30) reported a consolidated net profit of ₹23.5 crore for the fourth quarter, compared with a loss of ₹183.2 crore in the same period last year, , aided by growth in secured lending, higher net interest income and improved asset quality. Net interest income…
State-run shipbuilder Mazagon Dock Shipbuilders Ltd on Thursday (April 30) reported a 109% year-on-year increase in consolidated net profit for the quarter at ₹679.18 crore, compared with ₹325.29 crore in the same period last year. Consolidated revenue rose 21.3% year-on-year to ₹3,850.39 crore from ₹3,174.41 crore. EBITDA surged 355% to ₹542.89 crore from ₹119.34 crore…
