HCL Technologies has signed two Memorandums of Understanding (MoUs) with the Government of Odisha on Friday, July 24, to establish a Global Technology Center in Bhubaneswar and its first AI Data Center at the upcoming Odisha Sovereign AI Park, the company said in exchange filings. The Global Technology Center, which is expected to begin operations…
Elevated crude oil prices are likely to keep pressure on InterGlobe Aviation’s (IndiGo) earnings in the current quarter, the July-September quarter of 2026 (Q2FY27), but the airline could enter a much stronger profit cycle in 2027-28 (FY28) if fuel costs ease and ticket prices remain firm, according to Jinesh Joshi, Research Analyst at Prabhudas Lilladher….
Mumbai-based non-bank lender Shriram Finance Ltd. reported its June quarter results on Friday, July 24, that were better than expectations on the core income and the profitability front. The stock gained as much as 2% after the results announcement. The company’s net profit grew by 60% from last year to ₹3,447 crore. A CNBC-TV18 poll…
Shares of V-Mart Retail gave up gains on Friday, July 24, even as the company reported a strong June quarter performance, with net profit rising 40.5% year-on-year to ₹47.2 crore from ₹33.6 crore in the corresponding quarter last year, driven by healthy revenue growth and improved operating margins. The retailer’s revenue from operations increased 23%…
Shares of Dr Lal PathLabs gained on Friday, July 24, after the company reported a healthy set of earnings for the quarter ended June, with consolidated net profit rising 28% year-on-year to ₹170.5 crore vs ₹134 crore in the corresponding quarter last year. Revenue from operations grew 19.1% to ₹797.7 crore from ₹669.8 crore a…
Dalmia Bharat Ltd. reported a strong operational performance for the June quarter, with revenue, EBITDA and margins surpassing CNBC-TV18’s estimates, although net profit fell short of expectations due to a one-time loss. The cement maker posted revenue of ₹3,890 crore, ahead of the CNBC-TV18 poll estimate of ₹3,768 crore. EBITDA came in at ₹805 crore,…
ZF Commercial Vehicle Control Systems reported a 14.6% year-on-year decline in net profit for the first quarter of FY27, even as revenue rose on the back of higher sales, according to an exchange filing on Friday, July 24. The company posted a net profit of ₹104.5 crore for the quarter ended June 30, compared with…
PTC Industries Limited has received a development order from Gun Factory Kanpur for two major artillery gun components, strengthening the company’s presence in India’s defence manufacturing ecosystem. The company disclosed the development in a stock exchange filing on Friday. According to the company, the order reinforces its growing role in manufacturing advanced, mission-critical components for…
WPIL Ltd reported a 53% rise in consolidated net profit to ₹60.3 crore from ₹39.5 crore a year earlier, for the quarter ender June 30, 2026. Revenue from operations increased 32% to ₹500.4 crore from ₹378.58 crore in the corresponding quarter last year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed 53% to ₹75.3…
Indian benchmark indices ended largely in the red on Friday (July 24), with the Sensex falling 332 points to 76,060 and the Nifty 50 declining 102 points to 23,767, failing to hold the 23,800 mark. Here are the key reasons behind today’s market decline:1. Auto stocks witnessed profit booking Auto stocks came under selling pressure…
