Air-conditioning maker and engineering services provider Voltas Ltd on Friday reported a decline of 58 per cent in its consolidated net profit to Rs 140.61 crore for the June quarter, as unseasonal rains and early arrival of monsoon impacted the cooling business. It had posted a consolidated net profit of Rs 335 crore in the […]
Bharti Airtel promoter entity sells shares for Rs 11,227 crore
Indian Continent Investment Ltd, an entity promoted by billionaire Sunil Bharti Mittal, on Friday divested nearly one per cent stake in telecom carrier Bharti Airtel for Rs 11,227 crore through open market transactions. Indian Continent Investment Ltd (ICIL) is one of the promoters of Gurugram-based Bharti Airtel. According to the bulk deal data available on […]
US stocks gain as Trump’s Fed nominee stokes dovish bets
Wall Street rose on Friday, setting up a strong finish to the week, after President Donald Trump’s interim pick for a Fed governor post fueled expectations of a more dovish policy ahead. At 9:34 a.m. ET, the Dow Jones Industrial Average rose 134.42 points, or 0.31%, to 44,103.06, the S&P 500 gained 17.22 points, or […]
Infibeam Avenues Q1 Results: PAT surges 70% to Rs 85 crore
Infibeam Avenues on Friday said its profit after tax (PAT) rose over 70 per cent to Rs 85.50 crore in the June quarter mainly on the back of enhanced pricing control through AI deployment, which improved monetisation and merchant experience. The company said its board has also approved strategic transfer of e-commerce platform infrastructure business […]
Grasim Q1 profit jumps 32% YoY to Rs 1,419 crore on chemicals, cement boost
Grasim Industries Friday reported a 32% on-year jump in consolidated profit at Rs 1,419 crore for the June quarter, aided by the performance of its chemicals and building materials businesses. Consolidated revenue for the period rose 16% on-year to Rs 40,118 crore. Consolidated earnings before interest, tax, depreciation and amortization for the period rose 36% […]
Fusion Finance posts Rs 92 crore loss in June quarter
Microfinance company Fusion Finance suffered Rs 92.25 crore of net loss as against a net loss of Rs 35.62 crore in the year ago period. This is the fifth consecutive quarterly loss for the lender, which breached various financial covenants in respect of borrowings amounting to Rs 3,567 crore as at June 30, 2025. This […]
Centum Electronics promoter sells 4.5% stake for Rs 153 crore
Centum Electronics promoter on Friday sold a 4.53 per cent stake in the company for Rs 153 crore through an open market transaction. According to the bulk deal data on the BSE, Mallavarapu Venkata Apparao — one of the promoters of Centum Electronics — offloaded 6.65 lakh equity shares, amounting to a 4.53 per cent […]
Tata Motors Q1 profit slumps 63% on JLR tariff hit, misses estimates
Tata Motors’ consolidated net profit plunged 63% year-on-year in the June quarter as US tariffs combined with already-weak domestic demand weighed on operations. Net profit for the three month-period fell to ₹3,924 crore from ₹10,514 crore a year earlier. The year-ago profit included earnings from discontinued operations such as Tata Motors Finance, making the decline […]
Cholamandalam Financial Holdings Q1 Results: Co posts cons PAT of Rs 1,259 crore
Cholamandalam Financial Holdings Ltd has reported a consolidated profit after tax of Rs 1,259.54 crore for the April-June 2025 quarter, the company said on Friday. The company, part of the diversified conglomerate Murugappa Group had reported a net profit of Rs 1,159.56 crore during the corresponding quarter of the last financial year. For the financial […]
Equitas SFB posts Rs 224 crore Q1 loss on microfinance provisions
Equitas Small Finance Bank suffered a Rs 224 crore net loss in Q1FY26 on account of higher provisions against its microfinance portfolio as the bank management believed that the stress in the bottom of the pyramid segment is yet to be over. The bank had earned a net profit of Rs 26 crore in the […]