Mumbai, July 27 (IANS) State-owned Coal India Limited on Monday reported a marginal 0.6 per cent year-on-year (YoY) increase in its consolidated net profit for the first quarter of FY27, even as revenue rose strongly on higher sales. The company also announced an interim dividend of Rs 5.50 per equity share, according to its stock exchange filing.Coal India’s consolidated net profit stood at Rs 8,852 crore for the quarter ended June 30, 2026, compared with Rs 8,797 crore in the corresponding qua…
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New Delhi, July 25 (IANS) AU Small Finance Bank on Saturday reported a 4.3 per cent sequential decline in its net profit for the first quarter (Q1) of FY27, according to the bank’s filing.However, on a year-on-year basis, the bank’s net profit rose 37 per cent, supported by strong growth in net interest income (NII).The bank’s net profit stood at Rs 795.95 crore (Rs 79,595.29 lakh) in the April-June quarter, compared with Rs 831.87 crore (Rs 83,186.95 lakh) in the preceding January-March quarter…
New Delhi, July 24 (IANS) Shares of India’s largest private sector lender, HDFC Bank, fell more than 1 per cent in early trade on Friday after three US law firms announced separate investigations into whether the bank may have violated federal securities laws.The investigations were announced by the Law Offices of Howard G. Smith, the Law Offices of Frank R. Cruz and Glancy Prongay Wolke & Rotter through separate press releases.According to the law firms, the investigations are focused on wh…
Mumbai, July 23 (IANS) E-commerce company Meesho Limited on Friday reported a consolidated net loss of Rs 132.8 crore for the first quarter of FY27, while its revenue rose 48.3 per cent year-on-year, driven by strong growth in orders and transacting users.The company posted a net loss of Rs 132.8 crore for the quarter ended June 30, 2026, compared with a loss of Rs 289.3 crore in the corresponding period last fiscal (Q1 FY26), according to its stock exchange filing.Revenue from operations increa…
Mumbai, July 20 (IANS) Chief Minister Devendra Fadnavis on Monday directed officials to propose a new DELTA (Maharashtra Digitisation and Exchange of Land Token Assets) Act to unlock the latent value of immovable properties for public benefit. He said the proposed legislation should harness the untapped economic potential of property assets and help create new revenue sources as Maharashtra works towards achieving its goal of becoming a USD 1 trillion economy by 2030.The Chief Minister also dire…
New Delhi, July 20 (IANS) PSU Navratna firm Rail Vikas Nigam Ltd (RVNL) on Monday said it has emerged as the lowest bidder (L1) for an engineering, procurement and construction (EPC) contract worth Rs 358.97 crore from East Central Railway for rail doubling works in Bihar.According to the company’s regulatory filing, the project involves doubling works on the Kundawa Chainpur (excluding) to Raxaul (excluding) section, covering 41.04 km under the Sitamarhi-Raxaul rail line doubling project in the…
Mumbai, July 20 (IANS) Shares of MTAR Technologies remained under heavy selling pressure on Monday, hitting the 5 per cent lower circuit for the third consecutive trading session as investor sentiment continued to weaken amid concerns over its key customer, Bloom Energy.The stock was locked at its 5 per cent lower circuit limit of Rs 5,741.50 during intra-day trade on the BSE.With the latest decline, the stock has fallen about 34 per cent from its record high of Rs 8,714.95 touched on June 19, 2…
New Delhi, July 18 (IANS) State-owned Punjab National Bank (PNB) on Saturday reported a nearly three-fold year-on-year jump in consolidated net profit to Rs 5,339 crore for the first quarter of FY27.The bank had posted a consolidated net profit of Rs 1,832 crore in the corresponding quarter of the previous financial year. On a sequential basis, net profit rose over 2 per cent from Rs 5,225.12 crore in the March quarter, according to its exchange filing.PNB’s consolidated total income stood at Rs…
Mumbai, July 17 (IANS) The National Stock Exchange of India (NSE) has received a ‘sell’ recommendation from a domestic brokerage ahead of its much-anticipated initial public offering (IPO), with Dolat Capital Markets warning that regulatory changes in the country’s derivatives market could weigh on the exchange’s future growth and valuations.In an initiation report, Dolat Capital assigned a target price of Rs 1,550 for NSE, nearly 26 per cent below its prevailing unlisted market price of around …
Mumbai, July 15 (IANS) Shares of Patanjali Foods tumbled as much as 20 per cent on Wednesday, hitting a fresh 52-week low and their lowest level since April 2020, before recovering some of the losses later in the trading session.The stock fell to Rs 328.20 on the NSE, extending its prolonged decline and nearly halving from the peak it had touched in July last year.Following the sharp correction, the company issued a clarification to the stock exchanges, stating that there were no material events…