NALCO Q1 net profit nearly doubles on higher aluminium prices, production and sales
Shares of National Aluminium Co Ltd ended at ₹350.10, up by ₹2.25, or 0.65%, on the BSE.
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Why investors dumped this Maharashtra SME stock after an unusual exchange filing
An exchange filing revealing that GSM Foils’ MD was injured in a firing incident and another director is in police custody triggered a 20% plunge in the Maharashtra-based SME’s shares.
Why Bengaluru restaurants are threatening to ditch Swiggy and Zomato
Thousands of Bengaluru restaurants have threatened to stop accepting Swiggy and Zomato orders from August 15 over commissions, discounts and payment practices. But the standoff is also testing whether India’s food delivery duopoly can finally face meaningful competition.
Earnings Central: Maruti Suzuki beats Street, ITC misses, Bajaj Group rewrites the rankings
From Maruti Suzuki’s mixed quarter to ITC’s sharp profit fall, and Bajaj Group’s rise past HDFC Group in market cap, Friday closed out a week that read like a roll call of India Inc’s biggest names. Here’s everything that moved…
Aarti Drugs Q1 profit falls 7% despite 19% revenue growth; announces leadership transition
Shares of Aarti Drugs Ltd ended at ₹423.15, up by ₹2.56, or 10.55%, on the BSE.
Glenmark Pharma Q1 profit jumps over 10-fold as India, North America businesses power growth
Shares of Glenmark Pharmaceuticals Ltd ended at ₹2,238.50, up by ₹47.45, or 2.17%, on the BSE.
Powerica locks in 25-year power purchase deal for 100 MW Gujarat wind project
The company will supply electricity from its proposed 100 MW wind project to GUVNL for 25 years at a tariff of ₹3.435 per unit, strengthening its renewable energy portfolio.
IOC swings to ₹2,661 crore loss in Q1 despite higher fuel sales as refining margins collapse
Indian Oil Corporation reported a worse-than-expected ₹2,661-crore loss in the June quarter as refining margins collapsed, overshadowing higher revenue. While government compensation for LPG losses provided some relief, it wasn’t enough to offset the sharp decline in profitability.
The number of stocks trading above a key technical level hit a peak not seen in two years
Around 71% of S&P 500 stocks have climbed above their 200-day moving averages, the highest level in two years, according to a CNBC analysis. The 200-day is a key level watched by traders and analysts identify long-term trends.
FIIs make a comeback, DIIs keep buying as Nifty posts biggest weekly gain in months
Foreign institutional investors returned to the buying side this week after a period of selling, while domestic institutions continued to support the market. The renewed inflows helped Sensex and Nifty recover all of last week’s losses, with the Nifty posting…