Hikal reported a weak March quarter performance on May 20, with profit, revenue and margins declining year-on-year amid regulatory headwinds and one-time adjustments, although the company indicated signs of sequential recovery. Net profit for Q4FY26 fell 71.3% year-on-year to ₹14.4 crore from ₹50.2 crore in the corresponding quarter last year. Revenue declined 6% to ₹519.4…
The government will exercise the entire greenshoe option in the ongoing offer-for-sale (OFS) of Coal India after the issue received strong investor demand and was oversubscribed 8.14 times on the first day, according to an official statement on Wednesday. Allocation in the OFS will be done on a price-priority basis, while retail investors and eligible…
Indian stocks are set for their first annual decline in more than a decade, a Reuters poll of equity analysts found, as an exodus of foreign investors and limited exposure to an artificial intelligence (AI) boom batter what was Asia’s most attractive market. Benchmark equity indices in the world’s fastest-growing major economy are underperforming most…
Electric two-wheeler maker Ather Energy Ltd on Wednesday (May 27) said it has incorporated a wholly owned subsidiary named Ather Insurance Limited on May 27, 2026, in India to enter the insurance corporate agent business. The company said the subsidiary will operate in insurance in the capacity of a corporate agent, with the objective of…
Transport infrastructure consultancy and engineering firm, RITES Ltd, on Wednesday (May 27), said it has signed a Memorandum of Understanding (MoU) with CRISIL Ltd to jointly develop integrated, data-driven infrastructure consultancy solutions. RITES said the partnership will combine its transport infrastructure and engineering consultancy capabilities with CRISIL’s strengths in data intelligence, analytics, research and market…
State-owned Oil India Ltd on Wednesday (May 27) said its wholly owned subsidiary OIL Green Energy Ltd (OGEL) has signed a joint venture agreement with Hindustan Waste Treatment Private Ltd (HWT), a wholly owned subsidiary of SFC Environmental Technologies Ltd, to develop bioenergy and sustainable waste management projects in India. The partnership proposes the formation…
Reliance Industries Ltd on Wednesday (May 27) said its 49th annual general meeting will be held on Friday, June 19, 2026, at 2 pm (IST), the Mukesh Ambani-led oil-chemical-telecom-retail conglomerate said. “The forty-ninth Annual General Meeting (Post-lPO) (“AGM”) of the members of the company will be held on Friday, June 19, 2026, at 2:00 P.M….
HG Infra Engineeringon Wednesday said it has emerged as the successful bidder for an interstate power transmission project in Jharkhand awarded by REC Power Development and Consultancy Ltd (RECPDCL). The project involves the implementation of the “WR-ER Inter Regional Network Expansion Scheme – Part C” through a tariff-based competitive bidding process, the company said in…
PG Electroplast Limited reported a sharp decline in fourth-quarter earnings as weak room air-conditioner demand and multiple supply-side disruptions weighed on operations during the quarter. The company posted a consolidated net profit of ₹64.9 crore for Q4FY26, down 55.3% from ₹145.2 crore in the year-ago period. Revenue from operations fell 10.1% year-on-year to ₹1,716.7 crore….
US stock index futures advanced on Wednesday, May 27, extending a technology-led rally that pushed the S&P 500 and Nasdaq Composite to record highs in the previous session, while oil prices declined sharply amid optimism over potential progress in US-Iran negotiations. Futures tied to the S&P 500 rose 0.3%, while Nasdaq 100 futures gained 0.8%,…
