Havells India Ltd. saw its stock jumped as much as 5% on Wednesday, April 22, in response to its March quarter results, that were better than analyst expectations on the operating front, even as they were lower on a year-on-year basis. Havells India’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined…
Kajaria Ceramics said its board of directors will meet on April 30 to consider and approve audited financial results for the quarter and year ended March 31, 2026, along with a recommendation of dividend, if any. The board will also evaluate a proposal for the buyback of equity shares, subject to necessary statutory and regulatory…
Gautam Trivedi, Co-Founder of Nepean Capital, is betting on the power sector as one of the most compelling long-term plays in India, linking it directly to the rise of artificial intelligence and data centre demand. “Power remains our favourite, great way to play AI, because there aren’t direct AI plays in India as yet,” he…
Indian benchmark indices ended sharply lower on April 22, snapping a three-day gaining streak, with heavy selling in IT stocks dragging the market. The Sensex fell 757 points to close at 78,516, while the Nifty declined 199 points to settle at 24,378, slipping below the 24,400 mark. The downturn was led by IT majors, with…
Wall Street ended sharply higher on Wednesday, with benchmark indices scaling fresh record highs, as a temporary extension of the US-Iran ceasefire and a strong start to earnings season lifted investor sentiment. The Nasdaq Composite led the gains, surging 1.6% to close at an all-time high, driven by strength in semiconductor stocks. The S&P 500…
SBI Life Insurance Company Limited reported a mixed performance for the fourth quarter, with most key metrics coming in below CNBC-TV18 poll estimates despite year-on-year growth in select segments. New business premium rose to ₹11,220 crore, exceeding the poll estimate of ₹10,680 crore and marking a 20.4% increase from ₹9,320 crore a year earlier. Total…
The National Company Law Appellate Tribunal (NCLAT) on Wednesday, April 22, has reserved its judgment on Vedanta Ltd’s plea challenging the selection of Adani Group’s bid for Jaiprakash Associates Ltd, marking the latest development in the high-stakes insolvency battle. The appellate tribunal concluded arguments from Vedanta, Adani and the lenders in the matter. Vedanta has…
Shares of Jindal Steel Ltd dropped to their intraday lows on Wednesday, April 22, after Nuvama downgraded the stock to ‘Reduce’ from ‘Buy’ and lowered its target price to ₹1,154 from ₹1,293 earlier. The stock settled at its intraday lows of ₹1,277 apiece, 0.92% below Tuesday’s closing. The revised target price implies an approximately 10%…
Tata Communications reported a sharp decline in net profit for the March quarter on Wednesday, even as revenue and operating performance showed healthy growth, led by its digital portfolio. Net profit fell 74.7% year-on-year to ₹263.25 crore from ₹1,040.5 crore. Revenue rose 9.4% to ₹6,554.2 crore, while EBITDA increased 14.4% to ₹1,283.9 crore. Margins improved…
Infosys Q4 Results Live Updates: Several IT companies, including TCS, Wipro and Tech Mahindra, have declared their earnings for the fourth quarter ended March 31, 2026. As the earnings season has reached its peak, Infosys, a global leader in AI-first business consulting and technology services, is also all set to announce its January-March quarter earnings…
