Mumbai, May 13 (IANS) Pharma major Cipla on Wednesday reported a 54.6 per cent decline in its consolidated net profit for the fourth quarter (Q4) of FY26, weighed down by an impairment charge, while revenue also witnessed a marginal drop on a year-on-year basis.The company posted a consolidated net profit of Rs 554.64 crore in the January-March quarter, compared to Rs 1,221.84 crore reported in the corresponding quarter of the previous financial year (Q4 FY25), according to its stock exchange fi…
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New Delhi, May 1 (IANS) India’s white‑collar job market opened FY27 on a healthy note, up 6 per cent year‑on‑year led by growth in the insurance job market, a report said on Friday.The ‘Naukri JobSpeak’ saw its ‘Index’ reached 3,045 points in April, up 6 per cent year‑on‑year from 2,878 points. The three‑month moving average from February to April stood at 9 per cent year‑on‑year growth.Insurance led sectoral growth growing 21 per cent and BPO/ITES went up 15 per cent. Real…
Mumbai, May 1 (IANS) The Indian equity benchmarks closed in the red this week, as persistent selling from the foreign institutional investors (FIIs) and higher crude prices weighed on market sentiment.Nifty lost 0.73 per cent during the week and dipped 0.74 per cent on the last trading day to reach 23,997. At close, the Sensex was down 582 points or 0.75 percent at 76,913. It dropped 0.97 per cent during the week.”Investor sentiment remained cautious as the double blockade in the Strait of Hormu…
New Delhi, April 29 (IANS) India’s pharma and healthcare sector recorded 78 deals worth $1.9 billion in Q1 2026, with deal volumes holding steady even as overall values moderated in the absence of large‑ticket transactions, a report said on Wednesday.The report from Grant Thornton Bharat said mergers and acquisitions accounted for 30 deals worth $915 million during the quarter, with volumes remaining broadly stable and values moderating about 40 per cent sequentially.The moderation in the de…
Mumbai, April 23 (IANS) The Indian equity markets posted sharp losses early on Thursday tracking cautious global cues and sustained foreign institutional selling, after the recent rally.As of 9.25 am, Sensex lost 671 points, or 0.85 per cent, to reach 77,845 and Nifty dipped 179 points, or 0.74 per cent, to reach 24,198.Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 dipped 0.34 per cent, and the Nifty Smallcap 100 lost 0.16 per cent.All sectoral indi…
New Delhi, April 15 (IANS) The government has approved more than 5.27 lakh guarantees worth Rs 92,000 crore for MSMES during February–March this year, demonstrating strong institutional support for the sector amid the global challenges triggered by the West Asia conflict, according to the Ministry of Micro, Small and Medium Enterprises on Wednesday.Over 20 lakh MSMEs were newly registered on the ministry’s Udyam portal during February–March 2026, taking the total number of registered enter…
New Delhi, April 9 (IANS) Despite mounting risks from rising crude, a weaker rupee, India’s growth momentum continues to remain robust, with Q3 GDP expanding by 7.8 per cent and full-year FY26 growth projected at 7.6 per cent, healthy private consumption growth and manufacturing push, a report said on Thursday.The recent market corrections created a favourable valuation backdrop, with the Nifty trading at a 5.6 per cent discount to its five-year average PE, enhancing the medium-term risk-rewar…
New Delhi, April 8 (IANS) The Centre on Wednesday announced that increase in the commercial LPG limit to 70 per cent of the pre-March 2026 bulk consumption level will be extended to industrial units in the pharma, food, polymer, agriculture, packaging, paint, uranium, heavy water, steel, seed, metal, ceramic, foundry, forging, glass, and aerosol sectors.The increase will be subject to an overall sectoral limit of 0.2 thousand metric tonnes per day.Besides, conditions regarding registration with …
Mumbai, April 6 (IANS) Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of “hell” if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz.However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73,168. Similarly, Nifty was trading at 22,670, down 42 points or 0.19 per cent in early trade, amid selli…
Mumbai, April 5 (IANS) The Indian stock markets appear to be transitioning into a consolidation phase with high volatility and low visibility, according to analysts.Global developments continued to dictate market direction, particularly the evolving US-Iran conflict, which kept crude oil prices volatile and elevated. This, in turn, raised concerns over inflation and fiscal stability for import-dependent economies like India.“While domestic flows and technical supports are providing stability, …