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…
Adani Energy Solutions Ltd (AESL) has secured an inter-state power transmission project worth about ₹8,500 crore in Andhra Pradesh to support proposed green hydrogen and green ammonia projects in the Visakhapatnam region, the company said on Friday. The project, titled Transmission System for Proposed Green Hydrogen/Green Ammonia Projects in Vizag Area, Andhra Pradesh (Phase-I), was…
Nifty 50 closed at 23,767. Despite recent volatility, the index witnessed a strong recovery from lower levels, forming a bullish price structure on the charts. As long as Nifty sustains above the 23,650–23,700 support zone, the broader trend remains positive. Immediate resistance is placed around 23,900–24,000, and a decisive move above this zone could pave…
SBI Life Insurance Company reported a 22% year-on-year increase in net profit for the quarter ended June 30, aided by strong growth in new business premiums and steady renewal collections. The insurer posted a net profit of ₹725 crore for the April-June quarter, compared with ₹594 crore in the corresponding period last year. Net premium…
Shares of Laurus Labs Ltd. recovered from the lows of the day to trade with gains on Friday, July 24, after the company reported strong results for the June quarter, which were higher on a year-on-year basis across parameters. Laurus Labs reported revenue of ₹2,026 crore for the quarter, which is 29% higher than the…
Shares of Hindustan Zinc Ltd., the unit of Vedanta Ltd. saw a sharp recovery from the lows of the day after delivering a strong earnings beat across parameters for the June quarter on Friday, July 24. Net profit for the period more than doubled in value to ₹5,469 crore, a 144% jump compared to ₹2,234…
Daksh Grover is a journalist who enjoys exploring the world of business and finance, with a particular focus on markets, commodities, and corporate developments. Over the past few years, Daksh has worked in fast-paced newsroom environments where accuracy and speed go hand-in-hand. Whether it’s breaking updates, market trends, or in-depth analytical pieces, he has gained…
Shares of Acutaas Chemicals fell sharply on Friday, July 24, even as it reported a strong June quarter. All key parameters reported growth on a year-on-year basis, including its operating income and margins. Net profit for the June quarter increased by 67.7% to ₹74.3 crore, compared to ₹44.3 crore during the same quarter last year….
