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Mumbai: Tata Consultancy Services (TCS) reported a 12.2 percent year-on-year rise in consolidated net profit to Rs 13,718 crore in Q4 FY26, while revenue increased to Rs 70,698 crore. Sequentially, profit rose from Rs 13,438 crore in Q3 FY26, reflecting continued quarterly momentum. Revenue also improved from Rs 67,087 crore in Q3 and Rs 64,479 crore in Q4 FY25, indicating steady growth despite macroeconomic headwinds. Strong quarterly performance TCS posted steady growth in Q4 FY26 with reven ...Read More >
Mumbai, Mar 30 (PTI) The growth in net sales of the select non-government non-financial (NGNF) public limited companies inched up to 7.8 per cent during 2024-25 from 6.3 per cent in the previous year, the RBI said on Monday. The sales growth of the manufacturing and services sector increased to 6.3 per cent and 10.1 per cent, respectively, during 2024-25 from 5 per cent and 7.4 per cent growth recorded in the previous fiscal, according to data on the finances of NGNF public limited companies. ...Read More >
Akzo Nobel India shares: Imperial Chemical Industries may sell up to a 9% stake via a block deal. The proposed transaction is estimated at about Rs 1,290.6 crore and is said to be priced at Rs 3,150 per share, a 13.1% discount to the current market price, which could trigger notable stock movement. Shares of Akzo Nobel India are expected to be in the spotlight on Wednesday, December 17, amid reports that Imperial Chemical Industries is likely to offload up to a 9% stake in the company through a ...Read More >
New Delhi [India], November 14 (ANI): Tata Motors Passenger Vehicles Limited reported its consolidated Q2 FY26 results. This is the first earnings announcement as an independent entity for TMPV following the Tata Motors demerger. According to an exchange filing by Tata Motors, the company's consolidated revenues stood at Rs 72.3K crore, down 13.5 per cent, while EBIT was at a loss of Rs 4.9K crore. The quarter also reported a PBT (bei) loss of Rs 5.5K crore. The company recorded a net profit o ...Read More >
New Delhi [India], October 19 (ANI): M Paramasivam, Executive Director of Punjab National Bank (PNB), stated on Sunday that the bank is focusing on strengthening its core segments -- retail, agriculture, and MSME loans and deposits -- as part of its growth strategy. In banking, RAM is a common acronym for the Retail, Agriculture, and MSME loan and deposit segments. Banks focus on this sector because it represents a significant portion of their business and is often a key driver for growth. Spe ...Read More >
MUMBAI: IDFC FIRST Bank reported a 76% rise in profit after tax (PAT) to Rs. 352 crore for Q2 FY26, driven by lower provisions and growth in its retail and commercial businesses. The bank's CASA ratio crossed 50% for the first time, reflecting improved funding stability.The PAT jump was supported by a 16.2% YoY decline in total provisions to Rs. 1,452 crore, including a sequential fall of 12.5% from Rs. 1,659 crore in Q1. The bank used Rs. 75 crore of its microfinance provision buffer during the ...Read More >
Bengaluru: Persistent Systems' revenue in the September quarter rose by 4.4% in constant currency and increased by 4.2% quarter-on-quarter in dollar terms to reach $406 million. Its revenue grew 17.6% year-on-year. Persistent's strong performance drove the share price up by nearly 6% on the BSE on Wednesday.Industry-wise, sales grew quarter-on-quarter by 7% in BFSI, 3.8% in healthcare, and 2.2% in tech and emerging verticals. The company's EBIT margin stood at 16.3%, up 80 basis points sequentia ...Read More >
New Delhi [India], October 2 (ANI): The Indian banking sector is set to witness earnings recovery in the second half of FY26, after a muted September quarter performance marked by margin pressure, moderate credit growth and a decline in profitability across private and public lenders, according to a research report by Motilal Oswal Institutional Equities. The report highlighted that systemic credit growth, at 10.3 per cent (YoY) as of September reflected demand softness in both retail and corpo ...Read More >
New Delhi [India], October 2 (ANI): The Indian banking sector is set to witness earnings recovery in the second half of FY26, after a muted September quarter performance marked by margin pressure, moderate credit growth and a decline in profitability across private and public lenders, according to a research report by Motilal Oswal Institutional Equities. The report highlighted that systemic credit growth, at 10.3 per cent (YoY) as of September reflected demand softness in both retail and corpo ...Read More >
Excelsior Correspondent MUMBAI, Sept 12: Buoyed by a significant surge in operating profit, the Bombay Mercantile Cooperative Bank unveiled a series of new initiatives including innovative loan products and strategic deployment of surplus funds to propel its growth trajectory to new heights. At the 88th Annual General Meeting (AGM) today, Chairman Zeeshan Mehdi addressed stakeholders, highlighting the Bank's strong financial performance for the Financial Year 2024-25. The Bank's operating pro ...Read More >
New Delhi, Aug 18 (PTI) The operating profit of telecom companies in India is expected to grow 12-14 per cent to about Rs 1.55 lakh crore this fiscal, driven by more data consumption and rise in average revenue per user, Crisil Ratings said on Monday. The "robust" operating performance, along with declining capital expenditure intensity of leading players post 5G rollout, is seen improving free cash flow, supporting credit profiles of leading players in the industry. The telecom industry benef ...Read More >
New Delhi, Aug 18 (PTI) The operating profit of telecom companies in India is expected to grow 12-14 per cent to about ₹1.55 lakh crore this fiscal, driven by more data consumption and rise in average revenue per user, Crisil Ratings said on Monday. The "robust" operating performance, along with declining capital expenditure intensity of leading players post 5G rollout, is seen improving free cash flow, supporting credit profiles of leading players in the industry. The telecom industry benefit ...Read More >
Mumbai: Black Box Limited, a leading provider of digital infrastructure solutions, announced its unaudited financial results for the quarter ended June 30, 2025. The Company delivered a resilient performance with year-over-year improvement in both operating profit and net profitability, despite the ongoing global tariff uncertainty that impacted project execution timelines. Building on the strong operational foundation laid in FY25, when the Company completed its multi-year turnaround and achie ...Read More >
New Delhi, Aug 12 (SocialNews.XYZ) Building materials and equipment company Astral Ltd's share price fell by nearly 8 per cent during the early trade on Tuesday after the firm reported a decline of over 30 per cent in its net profit for the first quarter of the current financial year (Q1 FY26). At around 11:43 a.m., the company's shares were trading at Rs 1,282.70, down 7.16 per cent. The stock opened at Rs 1,310.10, falling significantly against last session's closing of Rs 1,381.60. The scrip ...Read More >
Punjab National Bank (PNB) is well poised to touch the milestone of ₹30 lakh crore total business by the end of the current financial year and the country's second biggest lender has the right strategy in place to achieve it, the bank's MD and CEO Ashok Chandra said. Total business of PNB rose by 11.6 per cent to ₹27.19 crore at the end of the first quarter of the current financial year. PNB is closely followed by Bank of Baroda with total business of ₹26.43 lakh crore while Canara Bank at ...Read More >
New Delhi | Punjab National Bank (PNB) is well poised to touch the milestone of Rs 30 lakh crore total business by the end of the current financial year and the country's second biggest lender has the right strategy in place to achieve it, the bank's MD and CEO Ashok Chandra said. Total business of PNB rose by 11.6 per cent to Rs 27.19 crore at the end of the first quarter of the current financial year. PNB is closely followed by Bank of Baroda with total business of Rs 26.43 lakh crore while C ...Read More >
Mumbai: HDFC Bank reported a 12.2% year-on-year rise in standalone net profit to Rs 18,155 crore for the quarter ended June 2025, driven by a sharp increase in other income and lower tax outgo. The profit was up from Rs 16,175 crore in the year-ago quarter, even as provisions surged more than fourfold.The board also approved the issue of bonus shares in the ratio of 1:1, i.e., one bonus share for every share held, subject to shareholder approval. In addition, it declared an interim dividend of R ...Read More >
Mumbai, July 17 (SocialNews.XYZ) LTIMindtree Limited, an IT service provider, on Thursday reported over 10 per cent year-on-year (YoY) increase in consolidated net profit for the first quarter of FY26 (April-June), reaching Rs 1,254.6 crore, up from Rs 1,135.10 crore in the same quarter previous year. Operational revenue was Rs 9,840.60 crore, up 7.6 per cent from Rs 9,142.60 crore in the first quarter of FY25, according to a regulatory filing. Additionally, the business declared earnings befo ...Read More >
New Delhi [India], July 17 (ANI): Taiwan Semiconductor Manufacturing Company (TSMC), the world largest contract chipmaker on Thursday reported strong financial results for the second quarter of 2025, with the company profit surging 61 per cent as accelerating demand for advanced semiconductor technologies, particularly in artificial intelligence (AI) and high-performance computing (HPC) continued to drive performance. Commenting on the results, Wendell Huang, Senior Vice President and Chief Fin ...Read More >
A young woman named Oleti Pushpa (22) was killed by her live-in partner Sheikh Shamma (22) in the Ambedkar Konaseema region of Andhra Pradesh, reported India Today. She was living with Sheikh for the past 6 months after she separated from her spouse. The incident took place in Siddhartha Nagar, B Savaram village of Rajolu mandal on 16th July. Shamma reportedly accused Pushpa of having affairs with other men. He forced her to engage in prostitution and frequently instigated fights with her when ...Read More >
Stocktwits - Indian Hotels (NSE:IHTL) is consolidating just under key technical resistance as the company prepares to announce its first quarter (Q1) results on Thursday. Antique Stock Broking maintained a 'Hold' rating on Indian Hotels with a target price of ₹750, expecting standalone RevPar to rise 11% year-on-year in Q1 on strong average daily rate (ADR) growth. The firm forecasts flat occupancy at 76%, but anticipates continued rate strength across business and leisure markets. Revenue is ...Read More >
LONDON and NOIDA, India , July 14, 2025 /CNW/ -- HCLTech (NSE: HCLTECH) (BSE: HCLTECH), a leading global technology company, reported financial results for the first quarter ended June 30, 2025 . Constant currency (CC) revenue for the quarter was up 3.7% YoY. USD revenue came in at $3.55 billion , up 5.4% YoY. EBIT margin for the quarter was 16.3%. Digital Services revenue grew by 15.2% YoY (CC) and now contributes 41.6% of the overall Services revenue. Engineering and R&D Services grew by 11.8 ...Read More >
BENGALURU: HCLTech on Monday missed street estimates and reported a 9.7% decline in its consolidated net profit at Rs 3,843 crore for the quarter that ended on June 30, compared to Rs 4,257 crore in the same quarter last year. The company's revenue in the first quarter stood at Rs 30,349 crore, up 8.2% y-o-y. The IT services firm also lowered its EBIT margin forecast for FY26 from 18%-19% to 17%-18%. In FY26, the company's revenue growth is expected to be between 3.0% and 5.0% y-o-y in CC. "Q1 ...Read More >
Mumbai: HCL Technologies on Monday announced that it has reported a 10 per cent decline in its consolidated net profit for the first quarter (Q1) of FY26 at Rs 3,843 crore, compared to Rs 4,257 crore in the same quarter the previous year (Q1 FY25). Despite the drop in profit, HCL Tech posted an 8 per cent year-on-year (YoY) growth in its revenue from operations, which rose to Rs 30,349 crore from Rs 28,057 crore in Q1 FY25, according to its stock exchange filing. On a sequential basis, the topl ...Read More >
New Delhi: The sales volume of used cars in India is expected to cross 6 million units this fiscal, driven by value-conscious demand, rising digital adoption, and better access to finance, credit rating agency Crisil Ratings said in a report. This growth has pushed the used-to-new car sales ratio to 1.4, up from less than 1 five years ago, with used car volumes growing more than twice as fast as new car sales. After a tepid 5% volume growth between fiscal 2017 and 2024, used vehicle sales grew ...Read More >
New Delhi [India], July 13 (ANI): The sales volume of used cars in India is expected to cross 6 million units this fiscal driven by value-conscious demand, rising digital adoption and better access to finance, the credit rating agency Crisil Rating said in a report. This has lifted the used-to-new ratio in car sales to 1.4 from less than 1 five years ago, with the volume growing more than twice as fast. Also Read | On Which Channel Zimbabwe T20I Tri-Series 2025 Live Telecast in India Will Be A ...Read More >
Indian IT bellwether Tata Consultancy Services (TCS) will announce its Q1FY26 earnings on Thursday, July 10. The company is expected to report a year-on-year (YoY) net profit growth of 1% to 3%, according to estimates from four brokerages. The bottom line is projected to be in the range of Rs 12,040 crore to Rs 12,416 crore. Revenue for the April-June quarter of FY26 is expected to grow between 2.7% and 3.8%, i.e., in the range of Rs 62,613 crore to Rs 64,993 crore. The estimates have been pro ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat lea ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent mu ...Read More >
In a recent transaction, John Aballi, President and CEO of Exagen Inc . (NASDAQ:XGN), purchased 24,305 shares of the company's common stock. The shares were acquired at a weighted average price of $2.81 per share, amounting to a total purchase value of $68,297. Following this transaction, Aballi's direct ownership in Exagen stands at 689,799 shares. This purchase reflects Aballi's continued investment in the company, as he maintains both director and officer roles within Exagen. "In other rec ...Read More >
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