Public sector lender Punjab & Sind Bank is eying to mobilise up to Rs 3,000 crore via share sale on a private placement basis in a bid to meet the minimum public shareholding (MPS) norms of market regulator Sebi. As per Sebi norms, listed entities are required to have at least 25 per cent public […]
Sebi gives more time for segregation of non-regulated activities by Debenture Trustees
Sebi on Tuesday extended the deadline by six months till October 27 for debenture trustees to comply with the mandate to segregate activities that fall outside the market watchdog’s regulatory ambit. The move came after Sebi received an industry push highlighting operational challenges in establishing the necessary systems and processes for effective implementation. In its […]
KSDL clocks Rs 507 crore profit in FY26, revenue up at Rs 2,016 crore
The state-owned Karnataka Soaps and Detergents has reported a net profit of Rs 507 crore in financial year 2025-2026, up 21% from Rs 416 crore a year ago. Mysore Sandal soap maker posted Rs 2016 crore in revenue, compared to Rs 1788 crore the previous year. The company has incurred expenses worth Rs 1148 crore, […]
GRSE Q4 results: PAT jumps 24% YoY to Rs 303 crore on 29% revenue uptick; recommends Rs 6.70/share dividend
State-run Garden Reach Shipbuilders (GRSE) & Engineers reported a net profit of Rs 303 crore in the quarter ended March 31, 2026 compared to Rs 244 crore in the year-ago period, implying a 24% uptick. Revenue from operations stood at Rs 2,119 crore in Q4FY26 versus Rs 1,642 crore in the January-March quarter of FY25, […]
Bandhan Bank Q4 profit surges as asset quality improves and NPAs fall
Bandhan Bank reported a 68% jump in fourth-quarter net profit at Rs 534 crore, compared with Rs 318 crore in the year-ago period, backed by improvement in asset quality and lower provisions. The bank set aside Rs 677 crore as provisions for the quarter, compared with Rs 1,260 crore in the year-ago period. Gross non-performing […]
Ahead of Market: 10 things that will decide stock market action on Wednesday
Domestic equities continued their declining trend on Tuesday after a Monday pause as selling pressure in banks, auto and IT stocks dragged the markets. The Nifty 50 declined by 97 points, or 0.40%, to close at 23,995.70, while the Sensex plunged 416.72 points, or 0.54%, to settle at 76,886.91. Meanwhile, the volatility gauge India VIX […]
Market Trading Guide: Buy Piramal Finance, JBM Auto & 4 more stocks on Wednesday for gains up to 20%
Nifty 50 remains range-bound between key support and resistance levels, indicating indecision and awaiting directional cues. Analysts expect breakout beyond current bands, while several stocks show strong technical setups with bullish momentum, breakouts, and upside potential across sectors. Source link
Acquisitions turn earnings drivers for UltraTech in Q4; consolidated profit at record high
UltraTech Cement reported a record quarterly earnings boosted by a sharp efficiency improvements in its acquired units, India Cements and Kesoram’s building materials business, which could improve further in the current fiscal year. It declared an unprecedented payout of ₹240 a share. “Both India Cements and Kesoram have fully migrated into the UltraTech brand. Cost […]
Deepak Builders’ board approves 1:10 stock split
Deepak Builders & Engineers’ board approved a 1:10 stock split on Tuesday in a meeting held today. Additionally, the company approved an increase in its authorised share capital from Rs 55 crore to Rs 65 crore, following the post-split structure. Under the stock split, an existing equity share of the company with a face value […]
Bandhan Bank Q4 results: Profit jumps 68% YoY to Rs 530 crore; NII up marginally
Bandhan Bank reported a sharp rebound in profitability for the March quarter, with net profit rising 68% year-on-year (YoY) to Rs 530 crore, supported by lower provisions and improving asset quality. Net interest income (NII) grew marginally by 1% YoY to Rs 2,800 crore, while total income rose 3% to Rs 3,570 crore, indicating a […]