The equity benchmark indices ended in the red on Wednesday (July 22), with the BSE Sensex falling 715 points to 76,755 and the Nifty 50 declining 191 points to 23,996, slipping below the 24,000 level. Selling was broad-based, with nearly 40 Nifty constituents ending lower, while the Nifty Bank index dropped 709 points to 57,127….
Hyderabad-based defence electronics company Zen Technologies Ltd on Saturday (July 25) reported a 27.8% year-on-year decline in net profit to ₹34.4 crore for the quarter ended June 30, 2026, compared with ₹48 crore a year earlier. Revenue from operations declined 10.5% to ₹141.6 crore from ₹158.2 crore in the corresponding quarter last year. Earnings before…
Brent increased 1.4% above $95 a barrel post closing at a six-week high in the earlier session. Meanwhile, West Texas Intermediate was close to $88 a barrel. 1 Min Read Oil prices extended their gains as the the West Asia conflict escalated, threatening deeper energy supply disruptions. Iran-backed Houthi militants said they attacked a couple…
International Business Machines Corp. cut its full-year sales outlook, including for its closely watched software unit, after reporting a dip in demand for its mainframe business. Revenue will increase 4% to 5% this year, down from a prior outlook of more than 5%, the company said Wednesday in a statement. Software unit annual sales will…
Pharma company Zydus Lifesciences Ltd on Saturday (July 25) said some operations at its facilities in the Ahmedabad zone were temporarily suspended due to torrential rain and waterlogging. “We hereby inform that due to torrential rain and waterlogging in Ahmedabad for the last two days, as a precautionary measure, some of the operations had been…
The Indian rupee opened 8 paise higher against the US dollar on Thursday (July 23), even as rising crude oil prices and escalating geopolitical tensions in the West Asia continued to weigh on sentiment. The domestic currency opened at 96.49 per US dollar, compared with Wednesday’s (July 22’s) closing level of 96.57, recovering 8 paise…
Sarda Energy and Minerals Ltd on Saturday (July 25) said its wholly owned subsidiary Sarda Metals & Alloys Ltd has approved a ₹300 crore capital expenditure plan for a waste heat recovery power plant and expansion of its mineral wool manufacturing facility. “This is to inform that the Board of Directors of Sarda Metals &…
IDFC FIRST Bank has reported its performance for the June quarter on Saturday. As per the results, the company’s standalone net profit has doubled to Rs 1,075 crore from Rs 463 crore. The lender’s net interest income (NII) climbed 21.1% YoY to Rs 5,972 crore, while operating profit increased 14% to Rs 2,553 crore. Total…
Shares of IndusInd Bank Ltd. fell as much as 6% in response to their June quarter results on Thursday, July 23. The results were reported after market hours on Wednesday. Despite reporting better-than-feared results, more analysts have a “sell” rating on the stock compared to “buy”. 16 out of the 42 analysts covering the Mumbai-based…
IDFC First Bank reported its first quarter earnings on Saturday, July 25. The lender’s net profit more than doubled to ₹1,075 crore from ₹465 crore in the year-ago period. Its net interest income (NII) in the first quarter increased 21.1% to ₹5,972.3 crore from ₹4,933 crore last year. The lender’s asset quality improved as well….
