Concrete pipe manufacturing company Indian Hume Pipe Company Ltd on Wednesday (April 29) said it has received a Letter of Acceptance for a ₹458.69 crore order from the Public Health & Municipal Engineering Department, Hyderabad, Telangana, for a water supply improvement project in Greater Warangal Municipal Corporation. The order, awarded under UIDF funding, pertains to…
Shares of Amazon.com Inc. jumped as much as 4% in extended trading after an initial drop as its results for the first quarter of the new calendar year were better-than-expectations and the growth of its cloud business managed to allay investor concerns with regards to the $200 billion spending plan. Amazon Web Service, the company’s…
Microsoft Corp.’s cloud business growth just about managed to beat analyst expectations in the third quarter of fiscal 2026, raising concerns that the company is not fully capitalizing on the demand for its Artificial Intelligence services. Microsoft Azure grew by 39% year-on-year during the quarter, adjusting for currency fluctuations. Analysts had projected growth to be…
Meta Platforms Inc., the parent company of social media platforms Facebook, Instagram and WhatsApp, fell as much as 7% in afterhours trading on Wednesday, April 29, in response to its first quarter results, which were a miss on user growth expectations and the street fearing that the money being spent on its Artificial Intelligence programs,…
Shares of Google-parent Alphabet Inc. jumped in extended trading on Wednesday, April 29, after the company reported results that topped analyst expectations led by a strong performance of its cloud business. Alphabet reported revenue of $109.9 billion during the January-March period, higher than expectations of $107.2 billion. Earnings Per Share (EPS) stood at $5.11. The…
The rupee depreciated 14 paise to close near its all-time low at 94.82 (provisional) against the US dollar on Wednesday, pressured by rising Brent crude oil prices, hovering around $115 per barrel, and continued foreign capital outflows. Forex traders said the elevated crude oil price is likely to sharply impact India’s import costs, while the…
Adani Power reported a sharp rise in profitability for the March quarter, even as revenue growth remained muted and operating performance softened slightly. Net profit for the quarter rose 52% year-on-year to ₹4,017 crore, compared with ₹2,637 crore in the same period last year. However, revenue remained largely flat at ₹14,223 crore versus ₹14,237 crore…
Industrial and automotive parts maker Schaeffler India Ltd on Wednesday (April 29) reported a 25.6% year-on-year rise in first-quarter net profit at ₹316 crore, supported by higher revenue and operating profit. The company follows the January to December financial year. Profit before tax, before exceptional items, stood at ₹425.7 crore for the January-March quarter, up…
India’s largest NBFC, Bajaj Finance, reported a steady set of March quarter earnings on April 29, with profit growth remaining strong on a year-on-year basis, though both net profit and net interest income came in slightly below Street estimates. Net profit for the quarter rose 22% year-on-year to ₹5,465 crore, compared with ₹4,480 crore a…
Flurochemicals maker Navin Fluorine International Ltd on Wednesday (April 29) reported fourth-quarter net profit of ₹213 crore, more than double from a year ago and ahead of the CNBC-TV18 poll estimate of ₹156 crore. Net profit for the quarter rose from ₹95 crore in the corresponding period last year to ₹213 crore. Revenue for the…
