New Delhi, July 10 (IANS) Elecon Engineering Company Ltd on Friday reported a sharp 60 per cent year-on-year decline in its consolidated net profit for the first quarter of FY27, as margin pressure weighed.The company’s consolidated net profit stood at Rs 70.4 crore during the April-June quarter, compared with Rs 175 crore in the corresponding period of the previous financial year, according to the exchange filing.On a standalone basis, the company’s net profit declined 75.5 per cent year-on-yea…
Latest BSE News & Updates
Mumbai, July 9 (IANS) Torrent Pharmaceuticals on Thursday announced a voluntary recall of select batches of its Semalix injection disposable pens as a precautionary measure after manufacturing partner Dr Reddy’s Laboratories identified a quality issue requiring technical evaluation.The recall is limited to select batches of Semalix Injection 2 mg and 4 mg manufactured by Dr Reddy’s Laboratories.Torrent clarified that the action is being taken purely as a precaution and said there is no risk to p…
Mumbai, July 8 (IANS) Indian benchmark equity indices witnessed a sharp selloff on Wednesday, with the Sensex and Nifty falling more than 2 per cent each, as rising crude oil prices, weak global cues and renewed geopolitical tensions dented investor sentiment.The market decline gathered pace during the second half of the trading session after US President Donald Trump said that an interim agreement with Iran to end the conflict was “over”, triggering fresh concerns over escalating tensions in th…
New Delhi, July 8 (IANS) Shares of private lender South Indian Bank tumbled nearly 10 per cent on Wednesday after the lender announced that it had received the Reserve Bank of India’s (RBI) approval for the appointment of Mahesh Muralidhar Pai as its Managing Director and Chief Executive Officer (MD & CEO).The private banking stock declined as much as 9.86 per cent to Rs 43.02 on the BSE. At around 12:05 pm, it was trading at Rs 44.23, down more than 7 per cent.In a regulatory filing, the pr…
Mumbai, July 7 (IANS) The market capitalisation (mcap) of all listed companies on the BSE has hit a record high in rupee terms, driven by the sustained rally in stock markets, strong gains in broader markets, easing geopolitical tensions, softer crude oil prices and renewed foreign institutional investor (FII) buying.As of Monday’s close, the combined market capitalisation of all BSE-listed companies stood at a record Rs 482.31 lakh crore, up 17 per cent since the beginning of April. The previou…
Mumbai, July 6 (IANS) Aastha Spintex shares made a weak stock market debut on Monday, listing at Rs 130 apiece on both the BSE and NSE, compared with the IPO issue price of Rs 136. The listing reflected a discount of 4.41 per cent for investors who were allotted shares in the public issue.Despite the weak start, investor sentiment improved soon after trading began. Fresh buying interest lifted the stock to its 5 per cent upper circuit limit, reversing early losses and signalling strong demand in…
New Delhi, July 3 (IANS) Noida-headquartered IT services provider HCL Technologies (HCLTech) on Friday announced that it has signed a deal with a Europe-based Fortune Global 50 company to establish an AI-driven operating model for transforming and managing the client’s global digital workplace and enterprise networks.The agreement — which runs from July to December 2031 with an option to extend it for another five years — has an estimated value of $1.14 billion during the initial term, the IT …
New Delhi, July 2 (IANS) Tata Steel has begun planning the next phase of its expansion as it progresses towards its long-term target of achieving 40 million tonnes per annum (MTPA) of steelmaking capacity, Chairman N. Chandrasekaran said on Thursday.Addressing shareholders at the company’s 119th Annual General Meeting (AGM), Chandrasekaran said the commissioning of Phase II of the Kalinganagar plant has increased Tata Steel’s total capacity to 26.1 MTPA.He described the expansion as ‘a decisive …
New Delhi, June 30 (IANS) Shares of India’s largest private lender, HDFC Bank, traded lower in early trade on Tuesday after the bank appointed former Finance Secretary Rajiv Kumar as its new part-time Chairman for a period of three years.The private lender’s stock declined as much as 0.62 per cent to Rs 794, hitting an intraday low on the BSE at around 9:45 am.At the last count, the stock was trading at Rs 794.55, down 0.56 per cent.The selling pressure came after the bank — in a regulatory fil…
Mumbai, June 29 (IANS) Axis Bank, the country’s third-largest private sector lender, on Monday announced the resignation of its Chief Financial Officer Puneet Sharma, who has decided to step down to pursue the next phase of his professional career.According to a regulatory filing by the bank, Sharma submitted his resignation on June 28, 2026.He will continue in his role until the close of business on August 31, 2026, after which he will cease to be the bank’s Chief Financial Officer, key man…