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…
Sajjan Jindal-led JSW Steel Ltd on Friday (May 29) said its wholly-owned subsidiary, JSW Steel Coated Products Ltd (JSWSCPL), has received a letter of intent from the resolution professional of Colour Roof India Ltd, confirming that the Committee of Creditors (CoC) has approved its resolution plan along with the revised financial addendum. The company said…
US stock futures edged higher on Friday, May 29, while oil prices declined, as investors monitored developments around the fragile ceasefire between the United States and Iran and awaited further clarity on ongoing negotiations between the two countries. Futures tied to the Dow Jones Industrial Average rose 138 points, or 0.3%, while S&P 500 and…
A sharp sell-off on Friday pulled Indian markets lower, with the Sensex and Nifty ending the week down nearly 1%. But Ravi Dharamshi, CIO of ValueQuest Investments, believes the worst of the recent geopolitical risk may now be behind markets and says a “stealth bull market” is underway in industrial stocks. Speaking to CNBC-TV18, Dharamshi…
Inox Wind reported a weaker set of fourth-quarter earnings, with profit and operating margin declining year-on-year despite stable execution during the quarter. Net profit for Q4FY26 fell 51.1% to ₹91.3 crore from ₹186.8 crore a year earlier. Revenue declined 2.4% year-on-year to ₹1,244.2 crore, while EBITDA dropped 21.5% to ₹200 crore from ₹254 crore in…
InterGlobe Aviation Ltd., the parent of IndiGo, reported a net loss of ₹2,536.3 crore for the March quarter, compared with a profit of ₹3,067.5 crore a year earlier, as foreign exchange losses, elevated costs and exceptional charges weighed heavily on earnings. The result was sharply below Bloomberg analyst estimates of a profit of ₹1,871 crore….
