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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) Electric two-wheeler manufacturer Ather Energy on Thursday said it almost doubled the number of its Experience Centres (ECs) to over 700 across India in the just-concluded financial year. This rapid expansion has played a key role in driving Ather's growth across markets, improving accessibility and enabling the company to scale across both existing and new markets, the company said. Ather said it has added over 350 new Experience Centres, effectively doubling its retail ne ...Read More >
NEW DELHI, April 9 (Reuters) - India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy flows through the crucial Strait of Hormuz will remain restricted. India, which imports about 90% of its oil, is among econo ...Read More >
NEW DELHI: India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy flows through the crucial Strait of Hormuz will remain restricted. India, which imports about 90% of its oil, is among economies most exposed to ...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 >
New Delhi, Apr 6 (PTI) Public procurement platform Government e-Marketplace (GeM) facilitated transactions worth Rs 5.03 lakh crore in 2025-26, down 7.4 per cent from the previous fiscal, a senior official said on Monday. GeM facilitated transactions worth Rs 5.43 lakh crore in 2024-25. GeM CEO Mihir Kumar said the decline in growth can be attributed to a reduced contribution from the coal ministry, whose share in total sales fell from 34 per cent to 20 per cent in 2025-26 (Rs 1,02,219 crore). ...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 >
India's IT bellwether Tata Consultancy Services (TCS) has announced its earnings report for the January-March quarter of the financial year 2026-27. Along with the quarterly results for the fourth-quarter ended March 31, 2026, the IT services major might also declare a dividend for its shareholders.The Tata Group company's consolidated profit after tax (PAT) was up 28.6 per cent QoQ (quarter-on-quarter) to Rs 13,784 crore in Q4 FY26 against Rs 10,720 crore posted in the previous quarter of the c ...Read More >
Kolkata, Apr 9 (PTI) Trinamool Congress candidate for south Kolkata's Rashbehari assembly constituency, Debasish Kumar, who is seeking re-election from the seat, has declared movable and immovable assets worth a total of Rs 4.95 crore. In the affidavit filed for the 2021 assembly polls from the same constituency, Kumar had declared movable and immovable assets worth Rs 3.29 crore. While his movable assets were then worth Rs 2.12 crore, his immovable assets had a market value of Rs 1.17 crore. ...Read More >
BENGALURU, April 9 (Reuters) - India's annual inflation likely rose modestly in March to 3.48%, according to a Reuters poll of economists, as a fall of around 11% in gold prices last month partly offset a surge in fuel prices in the wake of the Iran war. While food price rises were modest, the U.S.-Israeli war on Iran which began on February 28 prompted a jump in global oil prices and severe fuel shortages in India, the world's most populous country. But retail price rises have been mostly sta ...Read More >
New Delhi: Tech funding in India stood at $11.7 billion in FY 2025-26, an increase of 20 per cent compared to $9.7 billion raised in FY2023-24 amid strong early-stage momentum and a surge in IPO activity, according to a new report. As per Tracxn analysis, India ranked as the fourth-highest funded country globally during FY 2025-26, behind the United States, the United Kingdom and China, while staying ahead of Germany and France. It further stated that funding trends showed strong traction acro ...Read More >
The Commission for Air Quality Management (CAQM) on Wednesday directed six thermal power plants (TPPs) operating within a 300-kilometre radius of Delhi to pay a cumulative amount of ₹61.85 crore in environmental compensation, for non-compliance with biomass co-firing norms. The TPPs were found to be non-compliant with the mandate for using a 5% blend of pellets or briquettes made of paddy straw crop residue along with coal, it said. "The Environment (Utilisation of Crop Residue by Thermal Pow ...Read More >
Lucknow, April 9 (UNI) The transparent policies of Chief Minister Yogi Adityanath have presented Uttar Pradesh as a role model before the country. Whether it is the procurement of sugarcane, wheat, rice, and other agricultural products from farmers, or purchases related to the diverse needs of government departments, the Yogi government has set high standards of transparency. As a result, most government departments in the state have ensured their purchases through the GeM portal, placing Utta ...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 company had reported a net profit of Rs 12,224 crore in the January-March period year ago, and Rs 10,657 crore in the preceding December quarter. For the fiscal year 2025-26, its profit after tax inched up 1.35 per cent to Rs 49,210 crore, as against Rs 48,553 crore in FY25. In the reporting quarter, its revenue from operations jumped ...Read More >
Realty firm Signature Global Ltd has reported a 5 per cent decline in its pre-sales to ₹1,540 crore in the fourth quarter of the last fiscal year amid slowdown in housing demand in Gurugram, Haryana. Its sales bookings stood at ₹1,620 crore in the year-ago period. During the 2025-26 fiscal, the sales bookings fell 20 per cent to ₹8,220 crore from a record ₹10,290 crore in the preceding year, Signature Global said in a regulatory filing on Wednesday. The company sold 2,114 homes in the ...Read More >
New Delhi: Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report. The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D'Amaro took over as the company's chief executive officer in March. The layoffs are expected to impact less than 1 per cent of Disney's total workforce. The company had around 231,000 employe ...Read More >
New Delhi, April 9: Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report. The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D'Amaro took over as the company's chief executive officer in March. The layoffs are expected to impact less than 1 per cent of Disney's total workforce. The company had around 231,000 ...Read More >
The Reserve Bank of India (RBI) is set to bolster bank capital adequacy by allowing the inclusion of quarterly profits in CRAR without strict NPA provisioning conditions. In a move aimed at supporting the capital adequacy of commercial banks, the Reserve Bank of India (RBI) on Wednesday proposed to ease norms for including quarterly profits in the computation of the Capital to Risk-Weighted Assets Ratio (CRAR) and to withdraw the requirement of maintaining an Investment Fluctuation Reserve (IFR ...Read More >
New Delhi, Apr 9 (PTI) Premier Energies Ltd on Thursday said it has secured orders worth Rs 2,577 crore in fourth quarter of FY26 for the supply of 1,600 MW solar cells and modules. The execution of these orders is scheduled across FY 2027 and 2028, a company statement said. According to the statement, the contracts have come from a mix of leading domestic Independent Power Producers (IPPs), module manufacturers and EPC contractors in India, reflecting continued confidence in the company's exe ...Read More >
New Delhi, Apr 9 (PTI) Realty firm Signature Global Ltd has reported a 5 per cent decline in its pre-sales to Rs 1,540 crore in the fourth quarter of the last fiscal year amid slowdown in housing demand in Gurugram, Haryana. Its sales bookings stood at Rs 1,620 crore in the year-ago period. During the 2025-26 fiscal, the sales bookings fell 20 per cent to Rs 8,220 crore from a record Rs 10,290 crore in the preceding year, Signature Global said in a regulatory filing on Wednesday. The company ...Read More >
New Delhi, Apr 9 (PTI) Realty firm Signature Global Ltd has reported a 5 per cent decline in its pre-sales to ₹1,540 crore in the fourth quarter of the last fiscal year amid slowdown in housing demand in Gurugram, Haryana. Its sales bookings stood at ₹1,620 crore in the year-ago period. During the 2025-26 fiscal, the sales bookings fell 20 per cent to ₹8,220 crore from a record ₹10,290 crore in the preceding year, Signature Global said in a regulatory filing on Wednesday. The company sold 2,1 ...Read More >
Kolkata: On Wednesday, the World Bank has raised India's GDP growth rate projection for FY27 to 6.6%. This constitutes an upward revision that comes amid the West Asia crisis. In January, in its Global Economic Prospects report, the World Bank projected that India's GDP will grow by 6.5% in FY27. The rate of GDP growth in India has been pegged at 6% by Moody's and 6.1% by OECD (Organisation for Economic Co-operation and Development). The common factor for each of these organisations was the impa ...Read More >
Kalyan Jewellers posts 64% Q4 revenue growth driven by strong wedding and festive demand, with robust same-store sales and rising traction in its digital platform. Kalyan Jewellers on Tuesday said that it saw a consolidated revenue growth of 64% in the March quarter (Q4FY26), as wedding and festive demand remained strong. The disclosure was made in its latest business update for the period. The strong buying sentiment comes at a time when gold prices have remained volatile. Kalyan Jewellers is ...Read More >
Moody's Ratings has slashed India's economic growth estimates for the current fiscal to 6% from 6.8% earlier, saying the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks. In its credit opinion report on India, Moody's said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India's reliance on imported fertilisers. Moody' ...Read More >
New Delhi: The Food Safety and Standards Authority of India (FSSAI) conducted 3,97,009 inspections across food establishments in 2025-26, official sources said on Wednesday. The agency, in collaboration with state authorities, analysed 1,65,747 food samples (up to the third quarter), of which 17.16 per cent were found non-conforming, triggering prompt regulatory action, they said. Legal enforcement also gathered momentum. "As many as 23,580 adjudication cases were decided, while 1,756 crimina ...Read More >
New Delhi, Apr 8 (PTI) The World Bank on Wednesday marginally raised India's growth projections for the 2026-27 fiscal to 6.6 per cent and said although GST rate cuts would boost consumer demands in the initial months of the fiscal, but headwinds from the Middle-East crisis could dent growth. The FY'27 projection compares with 6.9 per cent estimated by the Reserve Bank of India (RBI), 6.1 per cent by the OECD and 6 per cent by Moody's Ratings. In its South Asia Economic Update report, the Worl ...Read More >
Lucknow, Apr 8 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday reviewed procurement under the Government e-Marketplace (GeM) portal for the financial year 2025-26 and lauded the state's policy for enhancing transparency and efficiency. During the review, he said the GeM Procurement Policy 2024 has strengthened integrity, inclusiveness and accountability in government purchases, according to an official statement. The CM noted that the policy has been appreciated by the Centre a ...Read More >
New Delhi [India], April 8 (ANI): The Food Safety and Standards Authority of India (FSSAI), in close coordination with State Food Safety Authorities, significantly ramped up enforcement and compliance efforts in FY 2025-26, reinforcing the country's food safety architecture and strengthening consumer protection. At the core of this nationwide push is a clear delineation of roles. While FSSAI sets standards and regulatory principles, the on-ground responsibility for licensing, inspections, and e ...Read More >
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