Auto components maker Lumax Auto Technologies reported a 51% year-on-year rise in consolidated net profit for the fourth quarter at ₹88.1 crore, compared with ₹58.4 crore in the corresponding period last year, aided by strong revenue growth and improved operating performance. 2 Min Read Continue Reading (Edited by : Prashant) First Published: May 29, 2026 7:31…
Infrastructure company PNC Infratech Ltd on Friday (May 29) said it has been declared the L1 (first lowest) bidder for an engineering, procurement and construction (EPC) project worth ₹302.44 crore, excluding GST, awarded by the Airports Authority of India (AAI). The company said it has secured the bid for the project involving cityside works, including…
Glenmark’s Q4FY26 profit surged to ₹301.4 crore, marking a rise of over 6,400% from ₹4.6 crore a year earlier. Shares of Glenmark Pharmaceuticals Ltd ended at ₹2,274.25, down by ₹108.40, or 4.55%, on the BSE today, May 30. 1 Min Read Glenmark Pharmaceuticals Ltd on Friday (May 29) reported a sharp surge in consolidated net…
Stocks edged higher on Friday, May 29, extending a record-setting run as investors tracked developments in US-Iran negotiations and a fragile ceasefire, while crude oil prices slipped on easing supply concerns. The S&P 500 and Nasdaq Composite rose 0.2% each, while the Dow Jones Industrial Average gained 170 points, or 0.3%, with all three benchmarks…
Olectra Greentech on Friday, May 29, reported a sharp rise in fourth-quarter earnings, with net profit more than doubling to ₹56 crore from ₹21 crore in Q4FY25, driven by strong revenue growth across its mobility and energy businesses. Revenue from operations rose 43.6% year-on-year to ₹644.7 crore compared with ₹448.9 crore a year ago. EBITDA…
TSMC nears $2 trillion valuation, driving Taiwan to fifth largest market and boosting growth, while Samsung and SK Hynix dominate Korea, raising concentration concerns. By Yoosef K May 29, 2026, 7:51:29 PM IST (Updated) The blistering rally in shares of Taiwan Semiconductor Manufacturing Co. (TSMC) is pushing the company’s market capitalisation toward the $2 trillion…
Lupin said it has received approval from the United States Food and Drug Administration (U.S. FDA) for its abbreviated new drug application for Sodium Sulfate, Magnesium Sulfate, and Potassium Chloride Tablets, 1.479 g/0.225 g/0.188 g. The company said the product is bioequivalent to the reference listed drug, Sutab tablets of Azurity Pharmaceuticals, Inc. Lupin added…
Defence PSU Mishra Dhatu Nigam Ltd (MIDHANI) on Friday (May 29) reported a 39% year-on-year increase in net profit for the fourth quarter of FY26 at ₹78 crore, compared to ₹56 crore in the corresponding period last year, supported by record quarterly turnover and higher production value. Revenue for the quarter rose 34.7% to ₹553…
Concord Biotech on Friday, May 29, reported a 36.8% drop in fourth-quarter earnings, with net profit falling to ₹88.8 crore from ₹140.4 crore in the corresponding quarter last year, impacted by lower revenue and margin contraction. The R&D-driven biopharmaceutical company said its revenue from operations declined 24.1% to ₹326.1 crore compared with ₹429.9 crore a…
Capital markets regulator Securities and Exchange Board of India (SEBI) on Friday (May 29) has imposed a total penalty of ₹15.95 crore on Suzlon Energy Ltd in a case involving alleged irregularities in the transfer of its operation & maintenance (OMS) business, financial statement misstatements, and related party transactions. The regulator also imposed penalties on…
