Procter & Gamble Health Ltd (P&G Health) reported a strong rise in March quarter earnings on Tuesday, May 26, with the net profit for Q4FY26 rising 54.6% year-on-year to ₹94.6 crore from ₹61.2 crore in the corresponding quarter last year. The pharmaceutical company’s revenue increased 19.1% to ₹371 crore from ₹311 crore. Earnings before interest,…
Siemens Ltd reported a sharp decline in fourth-quarter profit despite healthy revenue growth, as rising commodity prices and rupee depreciation weighed on operating performance. The engineering and technology major posted a net profit of ₹370 crore for the quarter, down 36.4% from ₹582 crore in the corresponding period last year. Revenue, however, rose 14.6% year-on-year…
Vedanta Ltd.‘s four demerged entities will begin trading as separate companies by next month, the conglomerate’s chairman Anil Agarwal told CNBC-TV18 on Tuesday, May 26. Shares of the currently listed Vedanta Ltd. have been trading adjusted for the demerger of the other four entities, namely Vedanta Aluminum Metal Ltd., Talwandi Sabo Power Ltd. to be…
Shares of Micron Technology Ltd. surged as much as 19% on Tuesday, May 26, as the continued demand for its memory chips from the Artificial Intelligence space, continued to boost the fortunes of the company. With that 19% surge, Micron also crossed $1 trillion in market capitalization on Tuesday, joining the club of chipmakers /…
Benchmark indices on Wall Street followed a near-familiar script on Tuesday, May 26, as trading resumed after Monday’s Memorial Day holiday. The Chip stocks rally took the S&P 500 and Nasdaq to new highs, shrugging off the potential resumption of hostilities in and around the Strait of Hormuz. While the S&P 500 and Nasdaq made…
Amid heightened global uncertainty and sharp market swings, long-term investors should focus on intrinsic value rather than short-term price movements, says Gautam Sinha Roy of ICICI Prudential Life Insurance. He argues that India’s resilient macro fundamentals, stabilising earnings cycle and moderating valuations continue to support the case for staying invested through volatility. India remains one…
US stock futures rallied on Tuesday, May 26, as investors bet diplomatic efforts between Washington and Tehran could prevent a broader escalation in West Asia despite fresh military action. Dow futures rose more than 300 points, or 0.6%, while S&P 500 futures gained 0.7% and Nasdaq-100 futures advanced 1%. US markets were closed on Monday…
Ram Ratna Wires, on Tuesday (May 26), reported a more than two-fold jump in net profit for the fourth quarter of FY26, supported by strong growth across its winding wires and copper tubes businesses. The company posted a consolidated net profit of ₹39 crore for Q4FY26, compared with ₹18 crore in the year-ago period. Revenue…
It has been a forgettable series for the bulls as the Nifty went nowhere during this period. It is thanks to this 500-odd-point recovery across Friday and Monday that the index manage to recover most of its losses, but yet finished the series lower. There is plenty to track as the market approaches the June…
The Centre has announced an offer-for-sale (OFS) in Coal India Ltd, through which it plans to divest up to a 2% stake in the state-run miner via a base issue and greenshoe option. The announcement confirms CNBC-TV18’s May 7 newsbreak on a potential stake sale in Coal India Limited. According to the Department of Investment…
