The company reported a 58.3% year-on-year decline in net profit to ₹42.5 crore for Q4FY26, compared to ₹102 crore in the corresponding quarter last year. 1 Min Read Shares of Tega Industries Ltd. surged nearly 10% on Friday, May 29, despite the company reporting a weak set of March quarter earnings. The company reported a…
Shares of Netweb Technologies India Ltd. surged as much as 15% on Friday, May 29, after Maharashtra Chief Minister Devendra Fadnavis announced plans to establish six artificial intelligence centres of excellence in Mumbai and make 2,000 graphics processing units (GPUs) available to support rising AI computing demand. Fadnavis said AI, powered by data and emerging…
Natco Pharma reported a sharp decline in fourth-quarter earnings, with revenue, operating profit and margins falling year-on-year during the March quarter. The company posted a 34% decline in net profit to ₹269 crore for Q4FY26, compared with ₹406.6 crore a year ago. Revenue fell 39.5% year-on-year to ₹739 crore from ₹1,221 crore, while EBITDA declined…
Fertilisers and Chemicals Travancore reported a sharp decline in fourth-quarter earnings, with profit falling steeply despite strong growth in revenue during the March quarter. Net profit for Q4FY26 dropped 96% year-on-year to ₹3 crore from ₹71 crore. Revenue, however, rose 41% to ₹1,484 crore compared with ₹1,053 crore in the corresponding quarter last year. EBITDA…
Shares of state-run Bharat Earth Movers Ltd. (BEML) fell as much as 6% on Friday, May 29, in response to their March quarter results, which were lower on a year-on-year basis, particularly on the operating front. For the March quarter, BEML’s net profit fell 38% from last year to ₹180 crore from ₹288 crore earlier….
Global investors are increasingly pulling money out of India and other emerging markets as capital flows narrow sharply into US technology and semiconductor stocks, according to Elara Capital’s Global Liquidity Tracker dated May 29. The report said India has now seen seven straight weeks of foreign outflows, with cumulative redemptions reaching $463 million over the…
The equity benchmark indices BSE Sensex and NSE Nifty ended at the day’s low on Friday (May 29) after a sharp selloff in the final hour of trade. The Sensex fell 1,092 points to close at 74,776, while the Nifty declined 359 points to settle at 23,548. The Nifty Bank slipped 615 points to 54,239,…
The lack of AI argument holds true all countries except four: the US, China, South Korea, and Taiwan. However, the fund outflow from Indian equities has been a lot more than other countries. By Sriram Iyer May 29, 2026, 4:07:22 PM IST (Updated) For the better part of a decade, the global artificial intelligence (AI)…
Sebi simplifies nomination process for demat accounts, Mutual Funds Capital markets regulator Sebi has eased the nomination process for demat accounts and mutual fund folios in a bid to make investing more convenient and reduce the rise in unclaimed financial assets. Under the revised framework announced on Friday, investors opening single-holder demat accounts or mutual…
Artificial intelligence is set to reshape the nature of work, but the market’s enthusiasm around the technology may be getting ahead of reality, according to former Reserve Bank of India Governor and economist Raghuram Rajan. In a recent Project Syndicate essay titled ‘A Cold Shower for AI Mania’, Rajan acknowledged the transformative potential of AI…
