Mumbai, July 27 (IANS) Shares of Zen Technologies Ltd. fell more than 10 per cent in early trade on Monday after the technology company reported a weak set of earnings for the first quarter of FY27, hurt by lower revenue and a sharp contraction in operating margins.At around 10:50 am, the stock had plunged as much as 10.39 per cent to an intraday low of Rs 1,585.55 on the BSE. It later pared some losses to trade at Rs 1,688.95, down 4.55 per cent.The disappointing quarterly performance has shift…
Latest fiscal year News & Updates
Mumbai, July 24 (IANS) State-owned Bank of Baroda on Friday reported a sharp 71.9 per cent decline in its net profit for the April-June quarter (Q1 FY27), as a substantial one-time loss of Rs 5,680 crore weighed heavily on its bottom line despite healthy growth in net interest income and interest earnings.The public sector lender posted a net profit of Rs 1,278 crore for the quarter ended June, compared with Rs 4,541 crore in the corresponding quarter of the previous financial year (Q1 FY26), ac…
New Delhi, July 18 (IANS) JK Cement Ltd on Saturday reported a 14.5 per cent year-on-year decline in consolidated net profit to Rs 278 crore for the first quarter of FY27 despite revenue from operations posting strong double-digit growth.The company’s profit attributable to shareholders stood at Rs 278 crore for the quarter ended June 30, compared with Rs 324 crore in the corresponding quarter of the previous financial year, according to an exchange filing.Meanwhile, operating performance weaken…
New Delhi, July 14 (IANS) India’s net direct tax collections recorded a robust 16.4 per cent year-on-year growth to Rs 6.51 lakh crore as of July 13 in the current financial year, driven by higher corporate tax, non-corporate tax, and securities transaction tax (STT) collections, according to figures released by the Income Tax Department on Tuesday.Net corporate tax collection grew over 22 per cent to around Rs 2.40 lakh crore, while net non-corporate tax collection recorded an increase of aroun…
New Delhi, July 1 (IANS) The gross Goods and Services Tax (GST) collections rose 13.9 per cent year-on-year to Rs 1.94 lakh crore in June, driven by strong growth in revenues from imports, according to official data released on Wednesday.Gross GST revenue stood at Rs 1,94,812 crore in June, compared with Rs 1,71,105 crore in the corresponding month last year.The increase was led by a 34.6 per cent jump in GST revenue from imports to Rs 60,038 crore, while gross domestic GST revenue rose 6.5 per …
New Delhi, June 30 (IANS) India’s fiscal deficit stood at Rs 1.624 lakh crore in April-May of financial year 2026-27, which accounts for 9.6 per cent of the full-year target, data released by the Controller General of Accounts (CGA) showed on Tuesday.The government has fixed a fiscal deficit target of Rs 16.96 lakh crore for the full financial year (FY27), which shows that the figures for the first two months reflect a strong fiscal position with the country on track to meet the target set in …
New Delhi, June 18 (IANS) India’s net direct tax collections surged 14.64 per cent (year-on-year) to Rs 5.21 lakh crore in the April 1-June 17 period this fiscal (FY27), according to data released by the Income Tax Department on Thursday.Net direct tax collections stood at Rs 5.21 lakh crore as on June 17, compared with rs 4.5 trillion collected during the corresponding period of FY26.In the meantime, gross direct tax collections increased 12.46 per cent to Rs 6.1 lakh crore from Rs 5.4 lakh c…
New Delhi, May 31 (IANS) The Reserve Bank of India (RBI) is widely expected to keep its benchmark policy rate unchanged at 5.25 per cent when the Monetary Policy Committee (MPC) concludes its three-day meeting on June 5, as policymakers weigh mounting global uncertainties and their potential impact on inflation and economic growth.Market participants and economists anticipate that the central bank will maintain its cautious stance, choosing to closely monitor evolving developments in West Asia a…
Mumbai, May 28 (IANS) Defence public sector undertaking Bharat Dynamics Limited on Thursday reported a 59.5 per cent decline in earnings for the fourth quarter of fiscal 2026 (Q4 FY26).The company posted a profit of Rs 113 crore for the quarter ended March 31, compared to Rs 273 crore reported in the corresponding quarter of the previous financial year (Q4 FY25), according to its stock exchange filing.Revenue from operations also witnessed a steep fall of 73 per cent year-on-year to Rs 480 crore…
New Delhi, May 22 (IANS) The Indian organised gold jewellery retail sector, comprising jewellery, coins and bars, is poised to achieve a robust revenue growth of 20-25 per cent year-on-year this fiscal (FY27), driven by higher realisations, despite the expected decline in volume due to high prices of gold and recent policy measures to curb imports of the metal, a new report showed on Friday.High prices of gold will lead to increased inventory holding costs and higher bank borrowings. However, an…