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Mumbai, April 9 (IANS) Tata Consultancy Services (TCS) on Thursday reported a 12 per cent year-on-year (YoY) jump in consolidated net profit for the January-March quarter (Q4 FY26). The major IT player had posted a profit of Rs 13,718 crore, compared to Rs 12,224 crore in the year-ago period (Q4 FY25), according to its exchange filing. The IT major's consolidated revenue from operations also saw healthy growth, increasing 9.6 per cent year-on-year to Rs 70,698 crore, compared to Rs 64,479 cror ...Read More >
Mumbai, Apr 9 (PTI) Country's largest IT services company TCS on Thursday reported a 12.22 per cent jump in its March quarter net profit at Rs 13,718 crore. The Tata Group company reported a net profit of Rs 12,224 crore in the January-March period last year and Rs 10,657 crore in the preceding December quarter. For fiscal year 2025-26, TCS' PAT inched up 1.35 per cent to Rs 49,210 crore, as against Rs 48,553 crore in FY25. From a headcount perspective, the company added 2,356 jobs in Q4 to t ...Read More >
Shares of GM Breweries are seeing choppy moves after the Q4 results announcements, where its net profit fell from last year, but the operating performance was strong.GM Breweries Ltd. fell as much as 7% from the highs of the day, in reaction to its quarterly results announcement on Thursday, April 9. The stock, which surged as much as 5% in the initial response to the earnings, but then reversed course to turn negative. For the March quarter, GM Breweries reported a 11% drop in its net profit f ...Read More >
Steel prices are rebounding and earnings visibility is improving -- Anand Rathi flags three metal stocks that could outperform in Q4 FY26. India's metals and mining companies are seeing stronger pricing, improving demand and better earnings visibility, according to a recent sector note released by Anand Rathi Share and Stock Brokers. The brokerage has identified a handful of companies where the improvement is sharp enough to stand out from the broader pack. Its focus remains on businesses that ...Read More >
MUMBAI: Tata Consultancy Services Limited has signalled its confidence in the digital future by recommending a final dividend of Rs 31 per share. The payout, which remains subject to shareholder approval at the upcoming annual general meeting, caps off a year of significant activity for the global IT services leader. The company reported a consolidated revenue from operations of Rs 267,021 crore for the year ended 31 March 2026, representing a steady increase from the Rs 255,324 crore recorded ...Read More >
New Delhi, Apr 9 (PTI) Anand Rathi Wealth on Thursday reported a 25 per cent surge in profit after tax (PAT) to Rs 92 crore for the three months ended March 2026. The company had posted a PAT of Rs 73.6 crore in the same quarter of the preceding fiscal, Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, said in a regulatory filing to the stock exchanges. Total revenue climbed by 25 per cent to Rs 301.6 crore in the quarter under review from Rs 241.3 crore in January ...Read More >
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES (Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted.) TORONTO, April 09, 2026 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation ("Fairfax India" or the "Company") (TSX: FIH.U) announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd has sold 1,742,987 equity shares, representing its entire equity interest, in Sanmar Chemical Enterprises ...Read More >
She was speaking at an event organised by the NIPFP) here. ShowQuick Read Summary is AI-generated, newsroom-reviewed * India has fiscal space to support sectors hit by the West Asia crisis, says Sitharaman * She said RBI has room to cut interest rates amid global economic challenges * Monetary Policy Committee will announce interest rate stance on Wednesday, the minister said Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Finance Minister Nirmala Sitharaman on Mo ...Read More >
New Delhi, April 6: Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the wind' ...Read More >
New Delhi: Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for a further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said that it improves the counter-cyclical capacity, especially the ability to 'lean against the wind' in ec ...Read More >
New Delhi: India's strong fiscal position and robust foreign exchange reserves provide the Reserve Bank of India with more policy flexibility, Finance Minister Nirmala Sitharaman said on Monday. Addressing the golden jubilee celebrations of the National Institute of Public Finance and Policy, the Finance Minister said: "India has fiscal space with room to maintain the government's capex programme, room for the RBI to cut rates and room to offer targeted support to affected sectors. This is the ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the win ...Read More >
Nashik: Two major co-operative banks in Nashik have reported strong financial performance for the last financial year, reflecting steady growth in deposits, lending, and overall business. The Nashik Merchants Co-operative (NAMCO) Bank has posted a net profit of ₹43.33 crore, informed Chairman Hemant Dhatrak during a press conference. The bank's total business has reached ₹4,348.42 crore, with deposits increasing by ₹282.06 crore during the year. Dhatrak stated that loan disbursement by the ban ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said India has fiscal space to support sectors impacted by escalating West Asia crisis, while the Reserve Bank has room to cut interest rate to deal with global challenges. The Monetary Policy Committee headed by Reserve Bank Governor will announce its stance on interest rate on Wednesday. There is a widespread speculation that RBI will maintain status quo. The rate-setting panel began its deliberations on Monday. Observing t ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): The Securities and Exchange Board of India (SEBI) on Thursday released a consultation paper seeking public comments on a proposal to re-introduce buy-back of shares through the open market via stock exchanges as an additional method under the SEBI (Buy-Back of Securities) Regulations, 2018. The proposal aims to address the issues of the earlier open market buy-back route, which was discontinued from April 1, 2025, following concerns related to equita ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): The Securities and Exchange Board of India (SEBI) on Thursday released a consultation paper seeking public comments on a proposal to re-introduce buy-back of shares through the open market via stock exchanges as an additional method under the SEBI (Buy-Back of Securities) Regulations, 2018. The proposal aims to address the issues of the earlier open market buy-back route, which was discontinued from April 1, 2025, following concerns related to equita ...Read More >
The Hindustan Aeronautics Limited (HAL) has recorded a revenue of ₹32,250 crores (provisional and unaudited) for the financial year ended March 31, 2026, as against the revenue of ₹ 30,981 crores during the previous year. The Bengaluru headquartered defence PSU said that achievement was made possible despite the challenges faced in deliveries of LCA Mk1A and HTT 40 due to supply chain issues arising from geopolitical and technical challenges. However, deliveries of ALH, AL31-FP, RD-33 engin ...Read More >
Mumbai: IRB Infrastructure has completed a major bonus share issuance, significantly expanding its equity base. IRB Infrastructure's board committee approved the allotment of 603,90,00,000 bonus equity shares. The issuance follows earlier announcements in February and March 2026, confirming the company's move to reward shareholders through a stock-based distribution. The bonus shares were issued in a 1:1 ratio, meaning shareholders received one additional share for every existing share held. E ...Read More >
Chennai: With the West Asia crisis impacting the fuel prices and availability, CPI inflation is expected to move up to 4.1 - 4.3 per cent in FY27, find rating agencies. The GDP growth could also ease to 6.5 per cent in FY27 from 7.5 per cent estimated for FY26. The ongoing conflict in West Asia has led to a surge in energy prices and impacted availability, which could lead to higher inflation, impacting consumer demand. The average CPI inflation is anticipated to more than double to 4.3% in FY ...Read More >
Hyatt Hotels Corporation is expanding its presence in India and Southwest Asia. Vikas Chawla will lead the company's strategy and growth in the region starting April 1, 2026. Hyatt plans to add nearly 5,000 rooms to its pipeline in 2025. The company is strengthening its brand in key cities and exploring new destinations. New Delhi: Hyatt Hotels Corporation has announced the appointment of Vikas Chawla in the newly created senior role of President - India and Southwest Asia effective April 1, 20 ...Read More >
New Delhi [India], April 1: Hyatt Hotels Corporation (NYSE: H) today announced the next stage of growth of Hyatt's business in India with the appointment of Vikas Chawla in the newly created senior role of President - India & Southwest Asia to lead the business in the region, effective April 1, 2026. The new leadership position reflects Hyatt's commitment to accelerating its expansion and deepening its brand presence in one of Hyatt's most strategically important growth markets. Also Read | 'Un ...Read More >
PRNewswire New Delhi [India], April 1: Hyatt Hotels Corporation (NYSE: H) today announced the next stage of growth of Hyatt's business in India with the appointment of Vikas Chawla in the newly created senior role of President - India & Southwest Asia to lead the business in the region, effective April 1, 2026. The new leadership position reflects Hyatt's commitment to accelerating its expansion and deepening its brand presence in one of Hyatt's most strategically important growth markets. - A ...Read More >
Bhubaneswar: The Comptroller and Auditor General (CAG) has criticised the Odisha government for serious lapses in revenue realisation and financial management, leading to non-remittance of over Rs 5,000 crore. According to its latest State Finances Audit Report for 2024-25, which was tabled in the Odisha Legislative Assembly, 27 profit-making State PSUs failed to remit dividends totalling Rs 5,146.76 crore, in clear violation of the state's dividend policy. The Finance Department did not even r ...Read More >
New Delhi: Prime Minister Narendra on Tuesday likened the Congress to "political vultures" and accused the Opposition party of attempting to trigger panic among the people over the West Asia war to reap political dividends. Modi asserted that India has managed to effectively contain the impact of the ongoing conflict on domestic fuel prices due to "strong foreign policy and the unity of its people". Addressing a gathering in Gujarat's Vav Tharad district after laying the foundation stone and ina ...Read More >
Accountant general (audit) releasing the CAG reports in Bhubaneswar on Tuesday. The Comptroller and Auditor General (CAG) of India has pulled up the Odisha government for inefficiency in revenue realisation from state public sector undertakings (SPSUs), leading to non-remittance of over Rs 5,000 crore. As per the latest CAG report on state finances for 2024-25, tabled in the Assembly on Tuesday, as many as 27 SPSUs failed to remit Rs 5,146.76 crore in dividends despite reporting profits, in vi ...Read More >
Bhubaneswar, March 31 (SocialNews.XYZ) The Comptroller and Auditor General of India (CAG) said on Tuesday that Odisha posted moderate growth in 2024-25 compared to the previous financial year, while cautioning against fiscal stress risks arising from the under-realisation of revenue receipts, low own-tax mobilisation, poor dividend collection, long-outstanding loans, and concentrated short- to medium-term repayment obligations. The State Finances Audit Report of the Odisha government for 2024-2 ...Read More >
Bhubaneswar: Odisha's economy grew at a moderate rate of 11.40 per cent in 2024-25 compared to previous year, with Gross State Domestic Product (GSDP) rising to ₹8.90 lakh crore from ₹5.40 lakh crore in 2020-21, reflecting a compound annual growth rate of 13.30 per cent, according to the Comptroller and Auditor General's (CAG) State Finances Audit Report (Report No. 3 of 2026). Despite the steady economic expansion, the report cautioned that structural weaknesses in revenue mobilisation, expend ...Read More >
New Delhi, March 31 (SocialNews.XYZ) As India approaches the new fiscal year FY27, the country's direct tax system is set for a major overhaul from April 1, 2026, with the new Income Tax Act, 2025, coming into force -- replacing the six-decade-old 1961 legislation and introducing changes in compliance, terminology and taxation. Major reform under the new framework is the replacement of the 'Financial Year' (FY) and 'Assessment Year' (AY) with a single 'tax year', which could simplify the filing ...Read More >
New Delhi: The Central government's fiscal deficit touched 80.4 per cent of the budgeted target by the end of the first 11 months from April to February of the financial year 2025-2026, reflecting a strong fiscal position, according to figures released by the Comptroller General of Accounts on Monday. The gap between the government's expenditure and revenue stood at Rs 12.53 lakh crore from April to February, against the full-year target of Rs 15.58 lakh crore. In the same period of the previou ...Read More >
India financial reforms from April 1: Income-tax Act 2025, PAN rules, credit card reporting, TDS changes, RBI 2FA mandate and railway ticket rules explained India is set to usher in a wide-ranging set of regulatory and financial changes from April 1, 2026, covering taxation, banking, digital payments, credit cards, labour laws, and railway ticketing, as part of efforts to modernise systems, improve compliance, and enhance user convenience. Income-tax overhaul begins The six-decade-old Income- ...Read More >
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