SML Mahindra Q4 results: Profit edges up, margin narrows; dividend declared
SML Mahindra reported a marginal rise in profit and strong revenue growth in Q4, though margins narrowed year-on-year. The company also announced a final dividend for FY26.
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Risk-off mood hits premarket: Dow futures slide amid Hormuz worries
US stock futures fall about 0.4 to 0.5 percent as US Iran tensions spike, oil jumps near 88 to 95 dollars, inflation fears rise ahead of key earnings from Tesla and Intel
Apeejay Surrendra Park Hotels signs Ayodhya, Ujjain properties under Zone Connect brand
With this, the group will strengthen its grip on the pilgrimage market. The Ayodhya property will have 56 rooms, while Zone Connect by The Park in Ujjain will offer 64 rooms. Shares of Apeejay Surrendra Park Hotels Ltd ended at…
Sebi cuts minimum investment to ₹1,000 for social impact funds to broaden retail participation
This would align the minimum application size requirement for subscribing to Zero Coupon Zero Principal Instruments under Sebi’s ICDR (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Muthoot Microfin AUM rises 13% to ₹14,006 cr in FY26; Q4 collection efficiency improves
Asset quality improved, with gross non-performing assets (GNPA) at 3.89% in FY26 versus 4.84% in FY25. Credit cost declined to 3.5% from 9.4%. Shares of Muthoot Microfin Ltd ended at ₹173.25, up by ₹3.45, or 1.95%, on the BSE today,…
JSW Steel, South Korea’s POSCO seal 50:50 JV; 6 MTPA Odisha mega plant in pipeline
JSW Steel and POSCO sign 50:50 JV to convert Saffron Resources and build a 6 MTPA greenfield integrated steel plant in Odisha, pending approvals, targeted to start by 2031. Shares of JSW Steel ended higher on Monday, April 20, by…
AU Small Finance Bank to decide on fund raising, results on April 27
The board is set to consider an enabling resolution for the annual renewal of fund raising limits. The bank added that this includes raising capital through issuance of equity shares via private placement, qualified institutions placement (QIP), preferential allotment, or…
TVS Motor, Hyundai Motor sign pact for electric three-wheeler development in India
TVS Motor will have the worldwide exclusive right to manufacture the products. It will also hold exclusive rights to sell and distribute the products in India and other agreed territories. Hyundai will have exclusive rights to sell and distribute the…
Trade Setup for April 21: Nifty bulls aim to break 24,500 hurdle as supply emerges at higher levels
Nifty managed to hold above the 24,350 mark and ended the session marginally higher by 11 points at 24,365.
Vedanta sets May 1 as record date for demerger; approves 1:1 share allotment across 4 entities
Under the composite scheme of arrangement, shareholders of Vedanta will receive equity shares in four businesses — Vedanta Aluminium Metal Ltd (VAML), Talwandi Sabo Power Ltd (TSPL), Malco Energy Ltd (MEL) and Vedanta Iron and Steel Ltd (VISL) — in…