New India Assurance gets ₹256 crore tax refund; shares end higher
Shares of New India Assurance rose after the state-run insurer received a ₹255.68 crore income tax refund from the Income Tax Department for FY20.
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PNC Infratech Q4 profit jumps 43% despite drop in revenue and margins
As per exchange fillings, revenue from operations declined 5.1% to ₹1,617 crore in the quarter against ₹1,704 crore in the corresponding period last year.
Hindalco arm Novelis reports Q4 loss as Oswego fires hit shipments, profitability
Hindalco Industries’ subsidiary Novelis reported a fourth-quarter loss after fires at its Oswego plant in the US disrupted production, hurt shipments and weighed on profitability despite resilient underlying demand.
Strides Pharma maintains up to $400 million FY28 target for North America, sees US recovery from H2FY27
Strides Pharma expects recovery in its US business from the second half of FY27 despite a weaker-than-expected flu season impacting recent growth, while reiterating its $375-400 million North America revenue target for FY28. It added that Ex-US markets are emerging…
Eureka Forbes Q4 revenue rises 12% on strong water purifier, robotics growth
Eureka Forbes reported healthy fourth-quarter growth led by water purifiers and emerging categories, while adjusted EBITDA margin touched a record high as the company continued its profitability and transformation push.
Explained – Why TVS Motor shares are down 13% in the last eight sessions
Brokerages Elara and Axis Capital have raised concerns regarding the TVS Motor’s capital allocation policy after the company announced a ₹193 crore investment in Jana Small Finance Bank.
Zydus Life jumps 5% on ₹1,100 crore share buyback; Q4 results beat street estimates
Zydus Life’s results for the March quarter were better than expectations across parameters, even having adjusted for the exceptional items during the quarter.
Kirloskar Industries Q4 Results: Stock jumps 6% despite earnings decline from last year; Dividend declared
Barring its revenue, most of the parameters of Kirloskar Industries were lower, when compared on a year-on-year basis. The stock though, is higher after the dividend announcement.
Standard Chartered likely to exit ICICI Pru Life bancassurance tie-up; may join Bharti Life Insurance
Sources said the bank currently contributes around 5% to ICICI Prudential Life’s annualised premium equivalent (APE) and about 6% to its retail APE.
Buyback Alert: Agrochem player approves sixth repurchase plan at 30% premium; Details here
The company’s promoters and promoter group will be participating in the buyback, Dhanuka’s exchange filing stated. May 29 has been fixed as the record date to determine the eligibility of the shareholders who can participate in the share buyback program.