Leading pure-play credit card issuer SBI Cards and Payment Services Ltd on Friday (July 24) reported a 19.5% year-on-year increase in net profit to ₹664.4 crore for the first quarter of FY27, compared with ₹556 crore in the year-ago period. The company’s total revenue increased 3% year-on-year to ₹5,205 crore in Q1 FY27 from ₹5,035…
Swiggy CEO Sriharsha Majety’s reported remuneration surged to ₹551.2 crore in FY26 after exercising employee stock options worth ₹549.3 crore. His actual cash salary and incentive stood at ₹1.9 crore, while the rest reflected the taxable value of ESOPs exercised during the year. By Yoosef K July 24, 2026, 5:58:50 PM IST (Published) Swiggy Managing…
SBI Cards and Payment Services Ltd reported its earnings for the first quarter of the financial year 2026-27. The company reported a 20 per cent year-on-year (YoY) rise in net profit for the June quarter (Q1 FY27), aided by lower credit costs and a decline in impairment losses, despite a marginal fall in interest income….
India’s information technology sector began FY27 on a weak note, with subdued demand, project deferrals, deal cancellations and slower decision-making weighing on growth. While Tech Mahindra emerged as the standout performer in the first quarter, the broader sector continues to face the risk of further earnings downgrades. The Nifty IT index is down around 25%…
Tata Consumer Products reported a 28% year-on-year rise in consolidated net profit for the first quarter of FY27, helped by double-digit revenue growth and a strong showing from its India branded business. The company posted a consolidated net profit of ₹427 crore for the April-June quarter, compared with ₹334 crore a year earlier. The figure…
Indian pharma remains a long-term opportunity despite US tariff concerns, says Srinivas Rao Ravuri, Chief Investment Officer at Bajaj Life Insurance. He prefers contract manufacturers over generic drugmakers, backs the quick commerce leader despite rich valuations, and sees tactical opportunities in IT. Watch his investment thesis. Source link
Crude oil prices are likely to remain volatile in the near term as geopolitical tensions in West Asia continue to disrupt market sentiment, but prices should gradually ease later this year if supply routes recover, according to Iman Nasseri, Managing Director of Middle East Research at FGE NexantECA. Nasseri said the market remains driven by…
Adani Energy Solutions Ltd (AESL) has secured an inter-state power transmission project worth about ₹8,500 crore in Andhra Pradesh to support proposed green hydrogen and green ammonia projects in the Visakhapatnam region, the company said on Friday. The project, titled Transmission System for Proposed Green Hydrogen/Green Ammonia Projects in Vizag Area, Andhra Pradesh (Phase-I), was…
Nifty 50 closed at 23,767. Despite recent volatility, the index witnessed a strong recovery from lower levels, forming a bullish price structure on the charts. As long as Nifty sustains above the 23,650–23,700 support zone, the broader trend remains positive. Immediate resistance is placed around 23,900–24,000, and a decisive move above this zone could pave…
SBI Life Insurance Company reported a 22% year-on-year increase in net profit for the quarter ended June 30, aided by strong growth in new business premiums and steady renewal collections. The insurer posted a net profit of ₹725 crore for the April-June quarter, compared with ₹594 crore in the corresponding period last year. Net premium…
