InterGlobe Aviation, the parent of IndiGo, reported a consolidated net loss of ₹238 crore for the June quarter, compared with a net profit of ₹2,176 crore a year earlier, as elevated aviation fuel prices, rupee depreciation and disruptions in West Asia outweighed strong revenue growth. The June-quarter loss, however, narrowed sharply from the ₹2,536 crore…
Coromandel International Ltdreported a 24.6% year-on-year decline in consolidated net profit for the first quarter of FY27, even as revenue rose 15.9%, according to an exchange filing on Thursday. The company posted a consolidated net profit of ₹381 crore for the quarter ended June 30, down from ₹505 crore a year earlier. Revenue from operations…
Bengaluru-based technology services provider Infosys Ltd. now expects revenue growth for financial year 2027 to be between 1.5% to 3%. The management had earlier guided for the figure to be between 1.5% to 3.5% in constant currency terms for the full year. Most analysts were also expecting the upper end of the guidance band to…
Edible oil prices are likely to remain at current levels over the next few months before easing with the arrival of the new crop in October, Priyam Patel, Managing Director of NK Proteins, said. He added that festive demand, limited domestic crop availability and higher import costs are expected to keep prices supported in the…
Anirudh Garg of Invasset PMS says rich small- and mid-cap valuations and global uncertainty have kept the firm on the sidelines. Where will it deploy fresh capital when the opportunity arises? Watch the full interview. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the…
India supplies around 40% of the generic medicines imported by the US, while generic drugs account for nearly 90% of the US business of Indian drugmakers by volume. So, when US President Donald Trump announced a timeline for imposing tariffs on imported generic drugs, Indian pharmaceutical stocks were expected to come under pressure. They have…
IndiGo promoter Rahul Bhatia has cautioned against any move to allow private airport operators to own and run airlines, saying such a policy would create a “massive conflict of interest” and ultimately work against consumers. Bhatia made the remarks during IndiGo’s post-earnings analyst call when he was asked about reports that the government may review…
E-commerce marketplace Meesho said its second-quarter net merchandise value (NMV) growth is expected to look softer after its flagship Blockbuster sale was shifted to the third quarter this year, adding that the weaker comparison is purely due to the timing of the sale and does not reflect any change in business momentum. In its latest…
Markets regulator SEBI on Thursday revised the security transmission framework by introducing a new fast-track mechanism for low-value claims and standardising documentation requirements to make the process efficient and investor-friendly. The framework introduces Quick Transmission Processing (QTP) and revises the monetary thresholds under the simplified documentation route. Under the new norms, the markets watchdog said…
Markets regulator SEBI on Thursday proposed a revamp of the Online Dispute Resolution (ODR) framework for the securities market, including shifting the responsibility of dispute resolution from ODR institutions to Market Infrastructure Institutions (MIIs), to make the system more efficient and investor-friendly. Under the proposal, stock exchanges, depositories and clearing corporations (MIIs) will operate the…
