Shares of Vedanta Ltd., the Anil Agarwal-owned mining conglomerate, will remain in focus on Wednesday, April 29, on account of two important factors. The most important factor continues to remain the demerger, as it nears the record date of May 1, which happens to be a market holiday. This means, that the stock will begin…
Shares of Erasca Inc., a cancer-drug developer, fell as much as 55% in a single trading session on Tuesday, April 28, after the company informed that one of the patients enrolled in its clinical trial withdrew from treatment and later died after suffering severe side effects related to the treatment. The stock eventually closed the…
Maruti Suzuki India Ltd., India’s largest passenger car manufacturer reported its March quarter results on Tuesday, April 28, which were in-line when compared to expectations. Net profit for the period stood at ₹3,591 crore, a decline of 3% from last year’s figure of ₹3,711 crore. Maruti’s net profit was also lower than the CNBC-TV18 poll…
Power stocks have gained up to 53% in the past month as India witnessed peak electricity demand at 256 giga watt (GW) in April 2026, the highest ever recorded in the country. The previous record was in May 2024 at 250 GW. Stocks like Adani Green and Adani Power have gained between 45% to 50%…
The equity benchmark indices ended largely lower on Tuesday (April 28), with the Nifty slipping below the 24,000 mark and banking stocks leading the decline, even as midcaps outperformed and upstream oil companies gained on firmer crude prices. The Sensex fell 417 points to close at 76,887, while the Nifty declined 97 points to end…
Bandhan Bank reported a strong March quarter performance on April 28, driven by a sharp rise in profitability and steady improvement in asset quality, even as core income growth remained muted. Net profit for Q4FY26 rose 68% year-on-year to ₹534 crore from ₹318 crore. However, net interest income (NII) growth remained modest, rising 1.4% to…
Rural Electrification Corporation (REC) on Tuesday, April 28, reported its fourth-quarter results, posting a 20.6% year-on-year decline in net profit to ₹3,362.3 crore for the March quarter, compared with ₹4,236.2 crore a year ago. The company’s net interest income (NII) also fell 16% to ₹5,170 crore from ₹6,165 crore last year. The board has recommended…
BP’s profit more than doubled in the first quarter as the war in Iran continues, and the average price for gasoline hit a new high for the year in the US. The oil and gas industry has been in upheaval since the start of the Iran war in February. A back and forth tussle over…
The United Arab Emirates has announced that it will be leaving the Organization of Petroleum Exporting Countries (OPEC) and its alliance OPEC+ starting Friday, May 1, to meet changing demand and gradually ramp up production. This marks an end to over six decades of Abu Dhabi’s association with the cartel, which began in 1967 under…
Public interest lawyer and activist — Prashant Bhushan — has submitted a representation to the Reserve Bank of India (RBI) requesting that the central bank not extend the tenure of Sandeep Bakhsni, CEO of ICICI Bank. “This representation highlights a comprehensive account of persistent regulatory violations, systemic governance failures, widespread frauds, and egregious labour law…
