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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 >
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, 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 >
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 >
April 7 (Reuters) - Levi Strauss (LEVI.N), opens new tab on Tuesday raised its annual sales and profit forecasts after beating first-quarter estimates, as resilient demand for its premium denims and strength in its direct-to-consumer business helped offset a hit from U.S. tariffs. The jeans maker has been working to blunt the impact of higher U.S. import duties through a mix of price hikes, cost controls, supplier negotiations and a diversified sourcing base that is less reliant on China. In J ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday decided to dispense with the Investment Fluctuation Reserve (IFR), an additional buffer which banks were required to maintain to hedge against depreciation in the value of investments, as a measure to support the capital adequacy of lenders. Banks currently maintain IFR as an additional buffer against depreciation in the value of their investments, subject to mark-to-market (MTM) requirements. Currently, commercial banks (including Local Area B ...Read More >
Gail (India) jumped 5.71% to Rs 153.55 after the company said that it has entered into a long-term charter party agreement with Alpha Gas, a leading Greek shipping major, for the LNG carrier "Energy Fidelity." The charter party agreement was executed between GAIL and Pantheon Maritime Services, a Singapore based affiliate of Alpha Gas. The LNG carrier Energy Fidelity, with a cargo capacity of 174,000 cubic meters, is equipped with two-stroke propulsion system, complemented by advanced air lubr ...Read More >
BENGALURU: Bangalore City Co-operative Bank Ltd's performance in mobilisation of share capital, reserves and other funds, deposits, working capital, loans and advances and in profit stands first among all urban co-operative banks of Karnataka, the bank said in a statement. Releasing its financial performance for the financial year 2025-26 (pre-audit), the bank said share capital exceeded Rs 96.06 crore while reserve fund and other funds exceeded Rs 555.37 crore. With Rs 2,324.44 crore in deposi ...Read More >
Brokerages broadly expect IT companies to deliver a resilient Q4FY26 performance, supported by easing furloughs, steady deal ramp-ups and vendor consolidation. India Inc's Q4 earnings season is set to begin, with the IT sector taking centre stage as Tata Consultancy Services (TCS) kicks off results on April 9. Other majors, including Wipro (April 16), HCL Technologies (April 21) and Tech Mahindra (April 22) will follow, setting the tone for the sector amid global uncertainty and rising AI disru ...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) Beauty and fashion retailer Nykaa (FSN E-Commerce Ventures) on Monday said it expects its consolidated net revenue growth to be in the "late twenties" for the fourth quarter ended March 31, 2026, marking its highest growth in the last 12 quarters. The company said the Q4 performance will come on the back of a sharp acceleration in its fashion vertical, coupled with sustained robust performance in its core beauty business. "Q4 FY2026 with Consolidated GMV growth expected ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
New Delhi: India Infrastructure Finance Company Ltd (IIFCL) plans to mobilise up to USD 1 billion through the MIGA guarantee fund during the ongoing first quarter to support infrastructure development across the country. The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against non-commercial risks to facilitate the flow of foreign investment in developing countries and lift people out of poverty. "We are in the process of seeking approval for mobilising up to USD 1 billi ...Read More >
New Delhi, April 4: Tata Steel has received a demand notice of Rs 1,755.10 crore from the District Mining Office in Jharkhand's Ramgarh over alleged excess extraction of coal from its West Bokaro Colliery between FY2000-01 and FY2006-07, the company said in a regulatory filing on Saturday. The notice, dated March 30, was received by the company on April 3. According to the company, the notice alleges that the steelmaker extracted approximately 1.62 crore metric tonnes of coal beyond permissible ...Read More >
In the fiscal year 2025-26 that ended on Tuesday, the state government's own internal resources through revenue collection from major departments looked positive with an estimated collection of ₹56,000 crore as against the target of ₹59,520 crore for the current FY, officials in the state finance department said. The highest collection is from commercial taxes department, which has achieved a growth of 9.20% in state GST collection in FY 25-26 from last year FY 24-25. The total revenue colle ...Read More >
Mumbai (Maharashtra) [India], April 1: Cupid Limited (BSE: 530843 | NSE: CUPID), a premier manufacturer and brand of premium male and female condoms, water based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, face wash, petroleum jelly and other FMCG Products, announced its strongest quarterly performance in the Company's history, driven by robust growth across key business segments. Also Read | Alwar Shocker: Newlywed Woman Allegedly Poisons Mother-in-Law Month After Mar ...Read More >
PNN Mumbai (Maharashtra) [India], April 1: Cupid Limited (BSE: 530843 | NSE: CUPID), a premier manufacturer and brand of premium male and female condoms, water based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, face wash, petroleum jelly and other FMCG Products, announced its strongest quarterly performance in the Company's history, driven by robust growth across key business segments. Cupid Limited is set to comfortably surpass its FY26 annual guidance of ₹335 Cr in r ...Read More >
India's Goods and Services Tax (GST) collections closed FY2025-26 on a steady note, with March revenues crossing the ₹2 lakh crore mark, underscoring resilient consumption, strong import activity, and improving compliance even amid global economic uncertainty. Official data show gross GST collections for March 2026 at ₹2,00,064 crore (about $24 billion), marking an 8.8% year-on-year increase from ₹1,83,845 crore a year earlier. Net collections for the month rose 8.2% to ₹1,77,990 crore ($21.4 b ...Read More >
Mumbai (Maharashtra) [India], April 1: Mumbai-based 'Falcon Technoprojects India Limited' is a leading company providing mechanical, electrical and plumbing services at the national level. The company is raising Rs. 21.43 crore through a rights issue. The company has received in-principle approval from NSE Emerge for the rights issue. The team of Business Remedies has gathered information about the company's business activities from the company's investor presentation. Also Read | Rohit Shetty ...Read More >
PNN Mumbai (Maharashtra) [India], April 1: Mumbai-based 'Falcon Technoprojects India Limited' is a leading company providing mechanical, electrical and plumbing services at the national level. The company is raising Rs. 21.43 crore through a rights issue. The company has received in-principle approval from NSE Emerge for the rights issue. The team of Business Remedies has gathered information about the company's business activities from the company's investor presentation. Business Activities: ...Read More >
New Delhi, Apr 1 (PTI) Auto components maker Kay Jay Forgings Ltd has filed draft papers with markets regulator Sebi to raise Rs 360 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating to Rs 300 crore and an offer for sale (OFS) of shares worth Rs 60 crore by promoters, taking the total issue size to Rs 360 crore, according to the draft red herring prospectus (DRHP). The company may also consider a pre-IPO placement of up to Rs ...Read More >
The Bihar government is preparing to list its power transmission company on the stock market in a move aimed at enhancing public participation in the state's growth, a senior official said. The Bihar government is preparing to list its power transmission company on the stock market in a move aimed at enhancing public participation in the state's growth, a senior official said. In a video interview with PTI, Bihar Energy Secretary Manoj Kumar Singh said, "We are planning to list our transmissio ...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 >
The Unchahar project has a BESS capacity of 50 MW/100 MWh, while the Solapur project will have 75 MW/150 MWh, the company said.Solarworld Energy Solutions Limited has secured two orders worth about ₹283 crore for Battery Energy Storage System (BESS) Engineering, Procurement and Construction (EPC) projects from NTPC Limited, the company said in a regulatory filing on Monday, March 30. The contracts relate to BESS implementation at two NTPC thermal power stations under "Lot-2" of the project. O ...Read More >
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