Union Bank of India’s board has approved a capital raising plan of up to ₹8,000 crore through a mix of equity and debt instruments, aimed at strengthening the lender’s balance sheet and supporting future growth. The state-run lender said it may raise up to ₹3,000 crore through equity issuance in one or more tranches via…
The US-listed shares of Bengaluru-based technology services provider Wipro Ltd. surged as much as 20% in Wall Street trading on Thursday, May 28. This is the biggest single-day gain that the US-listed entity has seen since October 2008. The ADR has also gained in eight out of the last 10 trading sessions Wipro made an…
Jubilant Ingrevia reported a steady recovery in the March quarter of FY26, with profit and revenue rising in double digits despite mild pressure on margins. The speciality chemicals maker posted a 16.8% year-on-year increase in net profit at ₹86.4 crore for the quarter ended March 31, 2026, compared with ₹74 crore a year earlier. Revenue…
The equity benchmark indices BSE Sensex and NSE Nifty erased opening gains and ended largely lower on Tuesday (May 26), snapping a two-day winning streak amid weakness in heavyweight stocks including Apollo Hospitals Enterprise, Tata Consultancy Services, Wipro, Trent and Bharti Airtel. The Sensex declined 479 points to close at 76,010, while the Nifty fell…
Rohit Srivastava, Founder of Indiacharts & Strike Money, believes Indian markets have likely formed a bottom and could gradually move higher over the next few months, with Nifty potentially heading towards 25,800. He remains bullish on Bank Nifty after a technical breakout and sees strength returning to broader markets through improving liquidity. Srivastava remains cautious…
Shares of AIA Engineering Ltd rose as much as 6% on Tuesday, May 26, after the company reported a strong rise in March quarter earnings, along with a good operating performance and margin expansion, while also announcing a dividend of ₹16 per share for FY26. The company reported a 38% year-on-year rise in consolidated net…
Gujarat Fluorochemicals Ltdreported a sharp decline in fourth-quarter profit for FY26, even as revenue growth remained healthy, with margin pressure weighing on earnings performance. The company posted a net profit of ₹112 crore for the January-March quarter, down 41.4% from ₹191 crore in the corresponding period last year. Revenue rose 11.8% year-on-year to ₹1,369 crore…
Transport Corporation of India reported an 8.23% year-on-year rise in consolidated net profit to ₹123.6 crore for the fourth quarter ended March 31, 2026, compared with ₹114.2 crore in the corresponding quarter last year. Revenue from operations grew 12.3% YoY to ₹1,323.8 crore against ₹1,178.8 crore a year ago. The company’s EBITDA increased 17% to…
HG Infra Engineering Ltd said on Tuesday, May 26, it has been declared a qualified bidder by REC Power Development and Consultancy Ltd (RECPDCL) for a power transmission project in Uttar Pradesh. The project involves the construction of 220/132/33 kV air-insulated substations at Ranipur in Mau district and Chunar in Mirzapur district, along with associated…
British energy major BP said on Tuesday that its board had unanimously decided to remove chairman Albert Manifold with immediate effect, citing governance oversight and conduct-related concerns. The company said the decision followed issues that the board considered “unacceptable”, despite acknowledging Manifold’s contribution to accelerating BP’s strategic transformation efforts. “Albert has helped bring a welcome…
