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Voltas sells one million AC units in first quarter of FY27
Voltas has achieved a significant milestone, selling one million room air conditioners in the first three months of the 2026-27 financial year, a record for the company. This success, attributed to a refreshed product line and strong consumer trust, reinforces Voltas' leadership in India's competitive AC market. The industry anticipates robust sales this year following a subdued 2025, with demand boosted by intense heatwaves and strategic company initiatives.
Explained: Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh Exports
Rajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying personal transactions as corporate sales and diverting company funds. The regulator's interim findings have raised serious governance concerns, though the company has strongly denied the allegations and defended its financial reporting.
Asian Paints flags West Asia war as demand risk despite strong FY26 earnings
Asian Paints posted revenue and profit ahead of Street estimates in FY26, driven by cost efficiencies and price hikes. But the West Asia war, sticky input costs, and intense competition cloud the near-term demand outlook.
Walmart-owned Flipkart to defer IPO; prioritise profitability this financial year
Walmart has asked Flipkart to delay its IPO and pre IPO funding, focus on achieving EBITDA breakeven by FY 2027, and prioritize profitable units amid intense e commerce competition
INR crashes to fresh record low as oil surges past $100 mark amid Middle East tensions
The Indian rupee crashed to its all-time closing low of 92.35 (provisional) against the US dollar on Monday, losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in the Middle East. Withdrawal of foreign funds amid intense selling in domestic equity markets further pressured the rupee. Indian shares slumped on Monday as the Iran-Israel-U.S. war entered its 10th day and the Strait of Hormuz, a critical trade route, remained shut for the sixth consecutive day. The benchmark BSE Sensex ended down 1,352.74 points, or 1.71 percent, at 77,566.16 after hitting a low of 76,424.55 earlier. The broader NSE Nifty index hit an intraday low of 23,697.80 before recovering some lost ground to close down 422.40 points, or 1.73 percent, at 24,028.05. At the interbank foreign exchange, the rupee opened at 92.22 and rose briefly to 92.15 but kept losing ground through the session before eventually settling at its ...
Watch | M&M’s Japan agri exit seen as strategic portfolio rationalisation amid rising competition
Mahindra & Mahindra’s decision to exit its agri-machinery business in Japan reflects a broader strategy to streamline operations and focus on stronger, profitable markets, according to LKP Securities analyst Ashwin Patil. He said the Japan unit was likely a smaller, underperforming business facing intense competition, making continued investment less viable. The move aligns with M&M’s past efforts to exit non-core global operations and prioritise high-performing segments.
Paint firms eye strong March finish
Indian paint companies are optimistic about the current quarter. Demand picked up in November and December. This trend is expected to continue, leading to high single-digit volume growth. Competition remains intense. Companies like Asian Paints, Berger Paints, and Kansai Nerolac report gradual improvement in demand post-Diwali. Birla Opus and JSW Paints are also active in the market.
Should investors give VIP treatment to this luggage company?
New owners and management spark hopes of a turnaround, but intense competition and heavy discounting could cloud prospects
Momentum Stocks: HCLTech, LTIMindtree, Zensar Tech, RVNL, Kalyan Jewellers hit 52-week low
RKEC Projects, Dynacons Systems & Solutions, and E2E Networks were locked in the lower circuit, indicating intense selling pressure and a lack of buyers, a sign of bearish near-term sentiment.