Mumbai, April 22 (IANS) Tata Communications Limited on Wednesday reported a 74.7 per cent decline in profitability for the fourth quarter (Q4) of FY26.According to an exchange filing, the Tata Group telecom firm’s consolidated net profit fell sharply by 74.7 per cent year-on-year to Rs 263.25 crore in Q4 FY26, compared to Rs 1,040.34 crore in the same period previous financial year.Sequentially, too, net profit dropped 28 per cent from Rs 364.28 crore reported in the December quarter (Q3 FY26)…
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Mumbai, April 22 (IANS) Shares of HCL Technologies tumbled sharply on Wednesday, falling more than 10 per cent to Rs 1,289 on the NSE, as investor sentiment turned negative following a disappointing quarterly performance and subdued growth outlook. The steep decline came after several brokerages downgraded the stock and cut their target prices, citing concerns over weak revenue growth, margin pressures and cautious forward guidance.The company’s earnings report highlighted multiple areas of co…
Mumbai, April 20 (IANS) The Securities and Exchange Board of India (SEBI) has drastically slashed the minimum investment requirement for individual investors in social impact funds to Rs 1,000 in order to lower the barrier for entry from the Rs 2 lakh level that was in place until now, with the aim of increasing retail participation on the Social Stock Exchange (SSE).The reduced threshold of Rs 1,000 allows small investors to participate in SIFs, which are Alternative Investment Funds (AIFs) foc…
New Delhi, April 18 (IANS) Major drug maker Lupin on Saturday said that the US health regulator has issued a ‘Form 483’ with three observations to its manufacturing facility in Somerset, New Jersey, following a recent inspection.In a regulatory filing, the pharmaceutical company said that the inspection by the US Food and Drug Administration (USFDA) was conducted this week between April 13 and April 17.”The inspection was completed with the issuance of a Form 483 carrying three observations,” th…
Mumbai, April 18 (IANS) ICICI Bank on Saturday posted a consolidated net profit of Rs 14,755 crore for the fourth quarter of FY26, a 9 per cent year-on-year (YoY) rise.The second-largest private lender had reported a profit after tax (PAT) of Rs 13,502.22 crore in the corresponding quarter of the previous year.The lender’s core net interest income (NII) rose 8 per cent YoY to Rs 22,979 crore during the quarter, compared to Rs 21,193 crore in the same period last year, the bank said in an excha…
Mumbai, April 18 (IANS) India’s largest lender HDFC Bank on Saturday reported an 8.04 per cent rise in its consolidated net profit to Rs 20,350.76 crore for the January–March quarter (Q4 FY26), compared to Rs 18,834.88 crore in the year-ago period.The bank’s interest income stood at Rs 87,182.50 crore during the quarter, marginally higher than Rs 87,066.94 crore in Q3 and Rs 86,779.34 crore a year ago.On a standalone basis, net interest income (NII) rose to Rs 33,082 crore, a 3.2 per cent in…
Mumbai, April 17 (IANS) Crisil Limited on Friday reported a sequential decline in its financial performance for the March quarter (Q4 FY26), with both revenue and net profit slipping compared to the previous quarter.The company’s revenue from operations fell to Rs 1,057.66 crore in Q4 FY26 from Rs 1,081.57 crore in the December quarter — a quarter-on-quarter decline of over 2 per cent.Net profit also dropped to Rs 233.26 crore from Rs 241.5 crore in Q3 — marking a sequential fall of around 3…
Mumbai, April 14 (IANS) Retail trading activity on the National Stock Exchange showed signs of cooling, with active client accounts on the NSE fell 7 per cent year-on-year (YoY) amid tighter regulations and volatile market conditions.Data showed the number of active investors on the exchange dropped to 4.57 crore in March 2026, down from 4.92 crore a year earlier — marking a drop of nearly 35 lakh accounts.The decline continued through much of the financial year, with several months witnessing …
Mumbai, April 14 (IANS) Global gold and silver prices rebounded on Tuesday after a two-day decline, rising up to 2 per cent amid easing concerns over inflation, following signs of a potential diplomatic resolution to the ongoing US-Iran conflict.In the international market, COMEX gold rose as much as 0.74 per cent, or $35.4, to hit an intra-day high of $4,802.80 at 9:30 am (local time), recovering most of the losses seen in the previous two sessions.Similarly, COMEX silver gained 2 per cent to t…
Mumbai, April 14 (IANS) Indian stock market exchanges remained closed on Tuesday on account of Dr B.R. Ambedkar Jayanti — the second trading holiday in the current financial year (FY27) and in April.Both the bourses, NSE and BSE, suspended trading across equity, equity derivatives and currency segments for the day.In the commodities segment, the Multi Commodity Exchange of India (MCX) also remained shut in the morning session. However, it will resume trading in the evening session between 5 pm …