New Delhi, April 23 (IANS) IT services major Infosys on Thursday reported a 28 per cent quarter-on-quarter growth in its consolidated net profit for the fourth quarter of FY26.The company posted a net profit (after non-controlling interests) of Rs 8,501 crore, an increase of 21 per cent (year-on-year) compared to Rs 7,033 crore in Q4 FY25. On a sequential basis, profit jumped 27.8 per cent from Rs 6,654 crore in Q4.Operating profit stood at Rs 9,743 crore, up 13.6 per cent year-on-year and up 16…
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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 16 (IANS) Tata Group-backed Tejas Networks’ shares plunged nearly 6 per cent in early trade on Thursday after the company’s January–March quarter (Q4) earnings disappointed traders and investors.The BSE 500 stock declined as much as 5.86 per cent to Rs 423.50, hitting an intraday low, compared with its previous close of Rs 449.90. The fall came after the company reported its fifth straight quarterly loss in Q4 FY26, with revenue also declining sharply year-on-year.Tejas Network…
New Delhi, March 20 (IANS) Food delivery platform Zomato has increased platform fee by 19.2 per cent or Rs 2.40 per order, according to the latest billing details available on its app on Friday.On a pre-GST basis, the platform fee now stands at Rs 14.90 per order, up from Rs 12.50 earlier.The latest hike comes amid rising energy costs, including LPG and crude oil, which have increased operating expenses for restaurants and delivery partners, prompting platforms to adjust pricing.Leading online f…
Mumbai, Feb 21 (IANS) Shares of Suzlon Energy continued to remain under pressure with the stock falling nearly 50 per cent of its recent peak of Rs 86 per share.The stock was last seen around this level in May 2024 — reflecting cautious investor sentiment toward the counter that had earlier witnessed a strong rally between 2020 and 2024.On Friday, the company’s shares closed at Rs 44.38, down Rs 0.87 or 1.92 per cent, according to the official data.Over the last five days, the shares have dec…
Mumbai, Dec 22 (IANS) Shares of Meesho Limited came under sharp selling pressure on Monday, as the stock hit a 10 per cent lower circuit. This was the second straight session of decline for the newly listed e-commerce company.Over the last two trading days, Meesho shares have fallen nearly 17 per cent, after dropping around 7 per cent on Friday.The recent fall indicates that some investors may be booking profits after the stock’s strong rally following its market debut.Meesho shares had more t…
Mumbai, Dec 22 (IANS) Shares of Neptune Logitek made a weak debut on the BSE SME platform on Monday, listing at a steep discount to the IPO price and causing losses to investors. The stock opened at Rs 100 per share, which was 26 per cent lower than the IPO issue price of Rs 126.Soon after listing, selling pressure continued and Neptune Logitek share price slipped further by over 5 per cent to Rs 95.80 apiece during the intra-day session.This meant that investors who received allotment in the IP…