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Covance Softsol consolidated net profit rises 62.60% in the June 2026 quarter
Sales decline 12.05% to Rs 29.27 crore
Womancart consolidated net profit rises 65.28% in the June 2026 quarter
Sales rise 52.15% to Rs 32.56 crore
Basilic Fly Studio consolidated net profit declines 36.27% in the June 2026 quarter
Sales rise 9.87% to Rs 103.50 crore
Chandan Healthcare consolidated net profit rises 29.53% in the June 2026 quarter
Sales rise 19.07% to Rs 80.85 crore
Cube Highways Trust consolidated net profit rises 13184.78% in the June 2026 quarter
Sales rise 19.31% to Rs 1126.63 crore
Atmastco consolidated net profit rises 61.36% in the June 2026 quarter
Sales decline 18.58% to Rs 42.73 crore
Nova Agritech reports consolidated net profit of Rs 3.25 crore in the June 2026 quarter
Sales rise 28.36% to Rs 60.01 crore
Power & Instrumentation (Gujarat) consolidated net profit rises 10.31% in the June 2026 quarter
Sales rise 18.40% to Rs 48.90 crore
AVG Logistics consolidated net profit rises 29.98% in the June 2026 quarter
Sales rise 5.97% to Rs 132.48 crore
MRC Agrotech consolidated net profit rises 1850.00% in the June 2026 quarter
Sales rise 459.12% to Rs 26.67 crore
Felix Industries consolidated net profit rises 53.66% in the June 2026 quarter
Sales rise 36.86% to Rs 28.22 crore
Mehai Technology consolidated net profit rises 27.27% in the June 2026 quarter
Sales rise 19.69% to Rs 21.94 crore
Globalspace Technologies consolidated net profit rises 337.50% in the June 2026 quarter
Sales rise 66.74% to Rs 14.64 crore
Bharat Road Network reports consolidated net loss of Rs 94.34 crore in the June 2026 quarter
Sales rise 2.46% to Rs 47.39 crore
Prozone Realty consolidated net profit rises 86.30% in the June 2026 quarter
Sales rise 105.67% to Rs 15.24 crore
SVP Global Textiles reports consolidated net loss of Rs 51.16 crore in the June 2026 quarter
Reported sales nil
Nectar Lifescience reports consolidated net loss of Rs 15.40 crore in the June 2026 quarter
Sales decline 99.81% to Rs 0.01 crore
PVV Infra consolidated net profit rises 4.05% in the June 2026 quarter
Sales rise 8.56% to Rs 8.50 crore
Chadha Papers reports consolidated net loss of Rs 0.54 crore in the June 2026 quarter
Sales rise 5.70% to Rs 129.29 crore
Rainbow Foundations consolidated net profit rises 153.38% in the June 2026 quarter
Sales rise 68.77% to Rs 84.96 crore
Filtron Engineers reports consolidated net profit of Rs 1.53 crore in the June 2026 quarter
Sales reported at Rs 22.26 crore
Mizzen Ventures reports consolidated net loss of Rs 0.53 crore in the June 2026 quarter
Sales reported at Rs 0.46 crore
Sales decline 1.59% to Rs 1.24 crore
PTC Industries consolidated net profit rises 465.70% in the June 2026 quarter
Sales rise 97.43% to Rs 191.80 crore
Last Mile Enterprises consolidated net profit declines 66.09% in the June 2026 quarter
Sales decline 68.83% to Rs 386.59 crore
Samyak International reports consolidated net profit of Rs 0.93 crore in the June 2026 quarter
Sales rise 35.11% to Rs 11.93 crore
Ruparel Food Products reports consolidated net loss of Rs 0.08 crore in the June 2026 quarter
Sales reported at Rs 0.19 crore
NMS Global consolidated net profit declines 36.36% in the June 2026 quarter
Sales decline 8.53% to Rs 2.36 crore
SGL Resources reports consolidated net loss of Rs 0.68 crore in the June 2026 quarter
Sales decline 71.19% to Rs 1.36 crore
SCSS account close to maturity date? Here's what retirees need to know about extending their account
SCSS offers retirees a fixed-income investment with government backing, quarterly payouts, and an attractive interest rate. Here's what retirees need to know about extending their account.
Swarnsarita Jewels India consolidated net profit rises 76.73% in the June 2026 quarter
Sales rise 35.53% to Rs 205.93 crore
Hitech Corporation consolidated net profit rises 49.68% in the June 2026 quarter
Sales rise 36.85% to Rs 225.67 crore
Around 12 equity mutual funds delivered over 40% returns since August 15, 2025, led by international and thematic funds. Nippon India Taiwan Equity Fund topped the list with 140.91%, while several domestic diversified funds posted more moderate gains.
Dollar falls on surprise drop in US retail sales
In July, US retail sales surprisingly took a dip, leading to a decline in the dollar's value. This drop enabled the euro and sterling to soar to their highest levels in months against the greenback. Additionally, softer inflation indicators have lowered the market's expectations for a potential rate hike by the Federal Reserve in September, raising alarms about the labor market following the payrolls report.
Gold rises on weaker dollar as inflation data cements rate-hold bets
On Friday, gold prices moved upward, signaling a positive outlook for the week. The precious metal received a boost from a weaker dollar and stable inflation figures, reducing the likelihood of an upcoming interest rate hike by the Federal Reserve. Meanwhile, oil prices also showed weekly gains, influenced by escalating tensions in the Strait of Hormuz. Precious metals such as silver and platinum followed suit, while palladium experienced a decline.
Oil inches toward $90 on tanker attacks, lack of progress in Iran war peace deal
Crude oil futures experienced an upward trend on Friday due to disruptions from tanker attacks and the stagnation of peace talks. Brent crude closed at $88.52 a barrel while WTI crude settled at $82.40. Attacks within the Strait of Hormuz and disruptions at a Russian port led to a decline in shipping activity. Fortunately, storage levels have proven more resilient, potentially exerting downward pressure on prices.
Alphabet becomes Berkshire Hathaway's third-largest investment
In the second quarter, Berkshire Hathaway raised its investment in Alphabet by a significant eighty-three percent, positioning it as the company's third-largest holding, following Apple and American Express. The firm also diminished its cash reserves and ceased a prolonged selling trend. Additionally, investments in Delta Air Lines and Macy's saw increases, while Constellation Brands was removed from the portfolio, as outlined in a recent regulatory filing.
European shares snap 4-week rally as higher oil prices temper strong earnings
European stock markets closed in the red on Friday, breaking a four-week winning streak. The rise in crude oil prices and escalating geopolitical tensions overshadowed robust corporate earnings. Although the STOXX 600 index experienced a weekly decline, it remained close to record levels, buoyed by strong economic growth and profits across sectors. Investors began reallocating their portfolios, moving away from stocks related to artificial intelligence.
Anthropic IPO valuation hinges on $190-200 billion 2028 revenue forecast, sources say
As Anthropic prepares for its initial public offering, Wall Street is keenly evaluating the company's worth through the lens of its projected revenue growth, expected to soar by 2028. This outlook is crucial, leading investors to utilize enterprise value-to-revenue multiples derived from forecasted figures. Benchmarking against industry players like Palantir and SpaceX highlights both the promising future and the infrastructural challenges facing Anthropic.
SEBI has proposed allowing NRIs, OCIs and eligible foreign nationals in FATF-compliant countries to complete digital KYC for Indian securities investments without travelling to India. The proposal also seeks to make KYC records portable.
Institutional investors reveal cautious approach to tech favorites in US quarterly 13F filings
In the second quarter, institutional investors made slight reductions in their holdings of prominent tech firms, mainly due to already substantial positions making further investments challenging. However, semiconductor stocks continued to attract a positive outlook, while AI-themed stocks saw a decline in traction after an initial wave of interest. Interestingly, the energy sector faced more selling than buying activity during this period.
SEC proposes easing 'pay-to-play' rules for investment advisers
The U.S. Securities and Exchange Commission is looking to relax rules that prevent investment advisers from managing public pension funds due to political contributions. These proposed amendments are intended to alleviate the compliance challenges faced by advisers and address longstanding issues raised by various political factions. Regulators are now inviting stakeholder feedback on these significant regulatory changes.
Online forum Reddit to join closely-tracked S&P 500 index next week
Reddit will join the S&P 500 next week, giving the wide-ranging online forum a boost in prestige and investments. Joining the S&P 500 is considered an achievement for a company because the index is a widely followed measure of the broader US stock market's health. A company is selected for the index based on several criteria that demonstrate stability, including market size and consistent profitability. Reddit's stock surged 12.6 per cent Friday. Aside from status, inclusion means more investments. The index tracks 500 of the biggest US stocks, and trillions of dollars in investments benchmark themselves against it. Those investments include mutual funds and exchange-traded funds. Essentially, those funds will have to buy the stock once it becomes part of the index that the fund is tracking or mimicking. Investors are depending more than ever on funds that simply mimic indexes such as the S&P 500. It's a lower-cost way to invest, allowing savers to keep more of their ...
Oil prices rally, US data dents chances of Fed rate hike
Global shares declined Friday as markets monitored U.S.-Iran talks and Federal Reserve rate hike expectations. Oil prices rose more than a dollar per barrel amid escalating geopolitical tensions and faltering peace talks. U.S. consumer sentiment weakened due to rising living costs, impacting retail sales and the dollar. Chipmaker stocks faced pressure, contributing to declines in major U.S. stock indices.
5 financial mistakes that can quietly erode your wealth: Experts share simple ways to avoid them
Some common financial mistakes can weaken long-term wealth creation, from inadequate emergency savings and insurance to frequent fund switching and poor asset allocation. Experts explain practical ways Indian investors can protect savings and invest more effectively.
Svatantra Microfin files draft papers for Rs 3,000 crore IPO
Svatantra Microfin has submitted a proposal seeking approval for a 3,000 crore initial public offering (IPO). The plan includes a fresh issue of 1,500 crore alongside a 1,500 crore offer for sale. Notably, major investors Advent International and Multiples will diminish their stakes. The funds raised are intended to bolster the companys capital and facilitate its growth objectives, with assets under management reported at 21,093 crore by March 2026.
Indias balance of payments slips into deficit in Q1FY27
India faced a significant balance of payments deficit in the first quarter, reaching $8.1 billion. This setback was predominantly due to capital account dollar outflows. Furthermore, the current account deficit increased to $3.1 billion, largely influenced by rising fuel import expenses which intensified the merchandise trade deficit. Although services and remittances saw strong performance, they weren't enough to balance the deficit.
Large cash deposits in savings accounts can attract scrutiny from banks and tax authorities. Deposits exceeding 10 lakh in a financial year must be reported, requiring depositors to disclose their sources to avoid potential tax implications.
Can gold recycling become Indias next circular economy success story?
As the nation looks for new ways to sustain economic growth and resilience, gold recycling may prove to be one of the most promising cases of a circular economy in the country
RBI to close FCNR(B) swaps a month earlier due to gush
The Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than-expected foreign currency inflows. This adjustment follows a positive uptake of the swap facility linked to these deposits, with inflows surpassing previous totals. Meanwhile, the swap schemes for External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) will proceed as initially scheduled.
Investors focus on corporate earnings to offset economic risks and rate concerns. Strong results, particularly from AI infrastructure spending, are bolstering market confidence. Companies are providing positive guidance, suggesting continued economic activity. Geopolitical tensions and oil prices remain potential inflation drivers. However, robust earnings are currently outweighing broader macroeconomic uncertainties.
ITAT Ahmedabad has deleted a 2.31 lakh income-tax penalty imposed on a taxpayer over a 3.71 lakh political donation deduction claimed under Section 80GGC. The tribunal said the tax department failed to clearly establish how the claim amounted to under-reporting or misreporting of income.
The Income Tax Department has withdrawn 5,978 appeals and not filed another 17,489 after higher monetary limits were introduced for departmental tax appeals. Heres what the 60 lakh, 2 crore and 5 crore thresholds mean for taxpayers and pending income-tax disputes.
US stock: S&P 500 ends lower as investors weigh data, Middle East tensions
The S&P 500's streak came to an end, falling from its peak as weaker retail sales suggested caution among consumers. Despite a strong outlook, Applied Materials saw its shares slump, dragging down AI-related stocks. In contrast, rising oil prices helped lift the energy index. Reddit experienced a surge following news of its index inclusion.
Neo Wealth buys a 9.6% stake in Keertana Finserv
Neo Wealth Partners has taken a significant step by acquiring a 9.9% stake in Keertana Finserv for Rs 230 crore, reinforcing its commitment to the expanding gold loan sector. With the entry of major players like Bain Capital and Tata Capital, Keertana is poised for growth, targeting a portfolio expansion to Rs 6,000 crore by March 2027. The outlook for the Indian gold loan market indicates a promising trajectory ahead.
Neo Wealth buys a 9.9% stake in Keertana Finserv
Neo Wealth Partners acquired a 9.9% stake in Keertana Finserv for Rs 230 crore. This investment supports Keertana's expansion in the growing gold loan market. Other firms like Bain Capital and Tata Capital are also active in this sector. Keertana aims to grow its portfolio to Rs 6,000 crore by March 2027. The Indian gold loan market is projected for significant future growth.
Nvidias $500 billion plan envelops Wall Street in its AI frenzy
Nvidia has unveiled a major financing initiative aimed at supporting artificial intelligence chip acquisitions. By collaborating with prominent financial institutions, the plan seeks to provide substantial debt solutions tailored for AI startups. This multifaceted financing strategy is designed to address the skyrocketing demand for computing power, ultimately fostering the essential digital and AI infrastructure development needed in the tech industry.
ICICI seeks to raise $1.45 billion loan from a BofA-led consortium
ICICI Bank is aiming to secure an impressive loan of $1.45 billion, set to unfold over a four-year period. Bank of America is spearheading this considerable financing round, with numerous international banks anticipated to participate. The funds from this initiative will bolster foreign currency deposits and provide leverage for overseas clientele, showcasing a strategic alignment with Indian banks broader goals in foreign-currency funding.
ICICI Bank seeks to raise $1.45-billion loan from a BofA-led consortium
ICICI Bank is seeking a substantial $1.45 billion loan from a banking consortium. Bank of America is leading the syndicate, which includes several international banks. This four-year loan aims to attract leveraged investors to the FCNR-B deposit program. The Reserve Bank of India is absorbing currency hedging costs for these deposits. Funds will support overseas clients making foreign currency deposits with the bank.
Sebi proposes major overhaul of settlement rules; fast-track route for cases up to 10 lakh
The proposals include removing an additional 20% settlement charge in certain cases involving multiple proceedings and introducing a fast-track mechanism for settlements of up to 10 lakh
How a $900 million bet on SpaceX turned 100x into $94 billion for Alphabet
Alphabet's initial $900 million SpaceX investment is now worth approximately $94 billion. This significant return makes Alphabet the largest institutional shareholder in the rocket company. Other early backers like Fidelity Investments and Saudi Arabia's PIF also hold substantial stakes.
West Bengal government is set to implement the Centre's health insurance scheme Ayushman Bharat and state's cashless coverage scheme Mukhyamantri Swasthya Bima Yojana from August 16. Here's all we know
The 8th Pay Commission has updated guidelines on eligibility criteria and essential qualifications for vacancies of its contract-based consultant roles. Here's a look at what has changed for the applicants.
Gold can become a key pillar of Indias growth story
After an exceptional rally for the last two years and early 2026, gold prices moderated in Q2, though they remained elevated by 59% year-on-year
Patanjali Foods Q1 Results: Gross profit rises 35% YoY to Rs 1,521 crore
Patanjali Foods posted strong Q1FY27 growth, with revenue rising 29.33% to 11,337 crore and operating EBITDA climbing 69.2%. Gross profit increased 35.22%, while the company declared two interim dividends, supported by record revenues and stronger execution across businesses.
Think early retirement is boring? Try: Pro-FIRE users post sparks debate; social media reacts
Finance commentator Seb's FIRE Journey ignites online debate over early retirement versus corporate life. Many agree that a lengthy commute and dull meetings can overshadow the perceived boredom of retirement.
Gen Z's budget is far more practical than flashy. A staggering 70% of a young professional's monthly budget is swallowed up by just five core categories Bills, subscriptions & more
Global Markets: Hotter Europe isn't cooling investor fervor for stocks
The heatwaves pummelling Europe this summer will have costly impacts on industries ranging from agriculture to tourism -- but that hasn't stopped stock markets from hitting all-time highs. The Paris, Frankfurt, Madrid and Milan exchanges all hit records in August, in line with recent all-time highs for Wall Street's key indexes.
Accel India IV offloads 1.3 pc stake in Urban Company
Accel India IV has completed the sale of a 1.3 percent stake in Urban Company as of August 13, 2026. The Mauritius-based investor offloaded 2 crore equity shares via open market deals, trimming its stake to 4.84 percent. Urban Company stands out with a total equity share capital exceeding 154 crore shares, further emphasizing its scale in the home services market.
Ashok Leyland Q1 profit rises 2% as revenue jumps 10% to Rs 10,750 crore
Ashok Leyland reported a 2% rise in consolidated Q1FY27 profit to 668 crore, while revenue grew 10% to 10,750 crore. Record commercial vehicle sales supported performance, though rising material costs pressured margins, prompting cost-saving and pricing initiatives.
Sebi proposes to rationalise penalties for settling ongoing cases
India's market regulator has introduced an updated framework for addressing securities law violations, designed to streamline processes and decrease litigation. This proposed method may lead to reduced average settlement amounts for infractions. Individuals who faced prior rejections can submit new applications with modified terms. Stakeholders are encouraged to share their feedback on these proposals by September 4, 2026.
Sebi has put forth a proposal for the digital onboarding of individual foreign investors, aimed at enhancing their access to markets. Intermediaries could utilize video verification for clients based abroad. Additionally, the framework suggests accepting KYC from other Sebi-registered entities. This initiative targets clients in FATF-compliant countries, with public feedback on the proposal requested by September 4.
WeWork Global sells 2.5% stake in WeWork India Management for Rs 244 crore
WeWork Global has divested a 2.5% stake in WeWork India for Rs 244 crore, bringing its ownership down to 12.3% from 14.82%. Despite this stake reduction, WeWork India reported a consolidated net loss of Rs 4.30 crore for the first quarter while witnessing a total income increase to Rs 700.74 crore during the April-June period. The venture originated as a partnership between WeWork Global and Embassy Group.
Sebi broadens scope of online bond platforms, permits IFSCA-regulated products and tax-saving bonds
SEBI has expanded the scope for Online Bond Platform Providers (OBPPs), allowing them to offer IFSCA-regulated products and specific tax-saving bonds. Platforms must implement clear labelling, disclaimers, and updated compliance officer requirements to ensure investor transparency and regulatory adherence.
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Skyways Air Services IPO to open August 24 at 138 upper band
The company reported revenue from operations of 2,812.9 crore in FY26, more than doubling from 1,289.1 crore in FY24
Investments in NSC start at 1,000 with no upper limit. NSC qualifies for Section 80C tax deductions for resident investors. Premature encashment is allowed under specific circumstances, like the account holder's death or court orders.
Reddit shares surge 14% on S&P 500 inclusion, replacing AvalonBay
Reddit shares have experienced a remarkable surge following the announcement of their inclusion in the S&P 500 index. With index funds compelled to acquire millions of Reddit shares, this influx is expected to significantly surpass the average daily trading volume of the stock.
Indians opt for higher life insurance cover as average premium rises 43%
Average life insurance premiums rose significantly between FY2021 and FY2025. Policyholders are increasingly choosing higher sum assured amounts for their policies. The proportion of policies with low cover levels has notably declined. Higher value sum assured categories have gained considerable market share. This trend indicates a growing commitment to financial security among policyholders.
SAT allows Zee to proceed with 3,143 crore warrant issue
The tribunal has extended Extends the deadline for the issuance by one week, subject to payment of penalties but debarment by SEBI on undertaking mutual-fund transactions will to continue
Nifty closing gap narrows two weeks after CAS rollout, Sensex stays higher
The difference between the Nifty's level at the start of the closing auction and its final close has narrowed, while the corresponding gap in the Sensex remains marginally higher
US stocks: US market opens mixed as investors weigh Middle East tensions, data
Major Wall Street indexes opened mixed on Friday. This occurred after the S&P 500 closed at a record high yesterday. Investors assessed retail sales data and Middle East developments. The Dow Jones Industrial Average saw a slight increase at the open. The S&P 500 and Nasdaq Composite also rose initially.
When will REITs strike the right chord?
Reforms put REITs on growth path, but investor base remains narrow
Cochin Shipyard Q1 Results: Profit falls 19% YoY to Rs 151 crore, revenue up marginally
Cochin Shipyard reported a 19.4% year-on-year decline in Q1FY27 consolidated profit to Rs 151.5 crore, despite 2.3% revenue growth. EBITDA fell 20.4%, dragging margins lower, while the company also disclosed regulatory fines over board composition.
Sebi revises InvIT cash flow framework to allow adding back external debt-funded maintenance costs
The Securities and Exchange Board of India (Sebi) has introduced a significant update allowing Infrastructure Investment Trusts (InvITs) to re-include major maintenance debt specifically for road projects. This enhancement provides InvITs with increased flexibility to manage upkeep costs efficiently. Importantly, unitholder consent will be required for any new debt taken on for these maintenance purposes, with InvITs mandated to disclose all pertinent details regarding the debt and maintenance expenditures.
Trade union, the Bharatiya Mazdoor Sangh (BMS), said it will hold nationwide demonstrations on 17 August over long-pending workers' issues. Demands include Minimum pension, variable DA, and EPF ceiling increase.
Svatantra Microfin files papers with Sebi for 3,000 crore public offer
The proposed IPO comprises a fresh issue and an offer for sale of Rs 1,500 crore each; fresh proceeds will be used to augment the microfinance lender's Tier-I capital
Nifty ends week in red as Iran tensions, crude keep bulls at bay
The Nifty 50 settled at 24,366, down 29.85 points, while the BSE Sensex declined 70.71 points to close at 78,009
Non-life insurance premium growth masks sharp fall in crop, fire cover rates
Crop insurance premium slumped by two-thirds during April-July to 1,183 crore from 3,544 crore a year earlier, while fire premium fell 28.5% to 10,062 crore from 14,063 crore.
