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…
US stocks opened higher on Tuesday, May 26, with the S&P 500 and Nasdaq scaling fresh intraday record highs, as investors bet diplomatic efforts between Washington and Tehran could prevent a broader escalation in West Asia while a rally in semiconductor stocks added to market momentum. The S&P 500 rose 0.8%, while the Nasdaq Composite…
Clean Max Enviro Energy Solutions Limited on Tuesday said it has secured nearly $575 million through multi-lender transactions to expand its renewable energy projects across Rajasthan and Karnataka. The company said the financing will support around 1 GW of large-scale, Central Transmission Utility-connected renewable energy projects comprising solar and wind assets. The projects are aimed…
Landmark Cars reported a sharp rise in fourth-quarter earnings, with net profit surging to ₹15 crore from ₹1.4 crore a year earlier, driven by healthy vehicle demand, stronger aftersales performance and improved operating efficiencies. Revenue for the quarter rose 17.2% year-on-year to ₹1,278.5 crore, while EBITDA climbed 38.7% to ₹75.6 crore. EBITDA margin expanded to…
The Tata Sons board convened for a nearly six-hour meeting at Bombay House on Tuesday, with five group companies presenting their business strategies and turnaround plans before the conglomerate’s top leadership. The meeting commenced at approximately 10:30 am and concluded around 4:30 pm, with Tata Sons Chairman N. Chandrasekaran seen leaving the group’s iconic Mumbai…
Solar panel maker Saatvik Green Energy Limited on Tuesday (May 26) said it has secured orders worth ₹171.45 crore from a domestic independent power producer and engineering, procurement and construction (EPC) player for the supply of solar photovoltaic (PV) modules. The company said the orders are domestic in nature and commercial in scope. The supply…
After Prime Minister Narendra Modi urged a return to COVID-era measures such as work-from-home, online meetings, and reduced travel, car market leader Maruti Suzuki India Ltd on Tuesday (May 26) said it has implemented WFH for employees wherever operationally feasible. In a post on social media platform X, the company said it has placed “immense…
Fino Payments Bank Ltd on Tuesday (May 26) said the Reserve Bank of India (RBI) has approved the extension of the tenure of Ketan Merchant as interim chief executive officer for a further period of three months, effective May 27, 2026. Fino Payments Bank said the approval was received from the RBI via a letter…
