Jindal Steel Ltd on Friday (July 24) reported a 43.6% year-on-year decline in consolidated net profit to ₹844 crore for the first quarter of FY27, compared with ₹1,496 crore in the year-ago period. The company’s revenue increased 25.9% year-on-year to ₹15,482 crore from ₹12,294 crore in Q1 FY26. Earnings before interest, taxes, depreciation and amortisation…
US stock index futures rose on Friday, July 24, with Dow futures gaining more than 200 points, as easing crude oil prices helped stabilise investor sentiment following a broad selloff in the previous session. Dow Jones Industrial Average futures advanced 200 points, or 0.4%, while S&P 500 futures rose 0.2%. Nasdaq-100 futures edged 0.1% higher…
State-run logistics company Container Corporation of India Ltd (CONCOR) on Friday (July 24) reported a net profit of ₹266.5 crore for the first quarter of FY27, unchanged compared with the corresponding quarter last year. The company’s revenue increased marginally by 0.3% year-on-year to ₹2,160 crore from ₹2,154 crore in Q1 FY26. Earnings before interest, taxes,…
Leading pure-play credit card issuer SBI Cards and Payment Services Ltd on Friday (July 24) reported a 19.5% year-on-year increase in net profit to ₹664.4 crore for the first quarter of FY27, compared with ₹556 crore in the year-ago period. The company’s total revenue increased 3% year-on-year to ₹5,205 crore in Q1 FY27 from ₹5,035…
Swiggy CEO Sriharsha Majety’s reported remuneration surged to ₹551.2 crore in FY26 after exercising employee stock options worth ₹549.3 crore. His actual cash salary and incentive stood at ₹1.9 crore, while the rest reflected the taxable value of ESOPs exercised during the year. By Yoosef K July 24, 2026, 5:58:50 PM IST (Published) Swiggy Managing…
SBI Cards and Payment Services Ltd reported its earnings for the first quarter of the financial year 2026-27. The company reported a 20 per cent year-on-year (YoY) rise in net profit for the June quarter (Q1 FY27), aided by lower credit costs and a decline in impairment losses, despite a marginal fall in interest income….
India’s information technology sector began FY27 on a weak note, with subdued demand, project deferrals, deal cancellations and slower decision-making weighing on growth. While Tech Mahindra emerged as the standout performer in the first quarter, the broader sector continues to face the risk of further earnings downgrades. The Nifty IT index is down around 25%…
Tata Consumer Products reported a 28% year-on-year rise in consolidated net profit for the first quarter of FY27, helped by double-digit revenue growth and a strong showing from its India branded business. The company posted a consolidated net profit of ₹427 crore for the April-June quarter, compared with ₹334 crore a year earlier. The figure…
Indian pharma remains a long-term opportunity despite US tariff concerns, says Srinivas Rao Ravuri, Chief Investment Officer at Bajaj Life Insurance. He prefers contract manufacturers over generic drugmakers, backs the quick commerce leader despite rich valuations, and sees tactical opportunities in IT. Watch his investment thesis. Source link
Crude oil prices are likely to remain volatile in the near term as geopolitical tensions in West Asia continue to disrupt market sentiment, but prices should gradually ease later this year if supply routes recover, according to Iman Nasseri, Managing Director of Middle East Research at FGE NexantECA. Nasseri said the market remains driven by…
