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Tech Mahindra declares Rs 36/share final dividend; sets July 3 as record date
Tech Mahindra's board has proposed a final dividend of Rs 36 per share for FY26, bringing the total payout to Rs 51. This comes as the IT giant reported a strong March quarter with net profit up 16% year-on-year. Shareholders will vote on the dividend at the upcoming AGM, with July 3 set as the record date.
Tech Mahindra Q4 Results: Cons profit rises 16% YoY to Rs 1,354 crore, revenue up 13%; co declares Rs 36/share dividend
Tech Mahindra Q4 Results: Tech Mahindra reported a 16% year-on-year increase in net profit to Rs 1,354 crore for the March quarter, with revenue rising 13% to Rs 15,076 crore. The company is accelerating its AI-led transition, achieving its highest deal wins in recent years and declaring a record total dividend of Rs 51 per share for FY26.
Retail flows stay resilient as MF AUM falls 10.1% MoM in March: Motilal Oswal
Equity mutual fund inflows hit a 17 month high in March 2026 despite a 10.1 percent drop in total AUM as markets corrected, SIP contributions and retail participation stayed strong
Stocks to buy in 2026 for long term: LT Foods, Aditya Birla Real Estate among 5 stocks that could give 20-30% return
Brokerages remain bullish on select stocks including LT Foods, Aditya Birla Real Estate, PhysicsWallah, Aurionpro Solutions and Solar Industries, with potential upside of 20–38% backed by strong growth visibility and sectoral tailwinds.
S&P 500 gained for seventh straight day on Thursday but this segment sold-off again
The iShares Expanded Tech-Software Sector ETF (IGV) fell 4%, closing at the lowest level since 2023. The ETF has extended its year-to-date losses to 27%. Another index related to software-as-a-service (SaaS) companies declined nearly 5%, extending its decline for the week to 9% and a year-to-date drop to nearly 40%.
Aditya Birla Real Estate announces early repayment of ₹250 crore NCDs
Aditya Birla Real Estate will redeem ₹250 crore worth of 8.05% non-convertible debentures early by exercising a call option, with May 4 set as the redemption date. Shares of Aditya Birla Real Estate Ltd ended lower on Thursday, April 9, by 2.07% at ₹1,289.40 on the NSE.
Data Center Play: Nuvama raising target sends Sterlite Tech shares surging by 10%
Historically, Sterlite Technologies has been focused on telecom-driven demand, including 5G network upgrades, fibre-to-the-home, and rural broadband. However, the company is now positioning itself to capture emerging opportunities in the data centre segment.
Advent gets CCI nod to pick up 14.3% stake in Aditya Birla Housing Finance
The Competition Commission of India has approved Advent International's proposal to acquire a 14.3% stake in Aditya Birla Housing Finance. This move involves a significant capital infusion into the housing finance subsidiary. The CCI also cleared other acquisitions, including Citrus Investment LLC's increased shareholding in Hitachi Construction Machinery and Indus Infra Trust's acquisition of KNR SPVs.
Birla Estates garners sales of Rs 1,600 cr from Birla Arika Phase 2 project
Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate (ABREL), has achieved bookings exceeding Rs 1,600 crore for its luxury project, Birla Arika Phase 2 in Sector 31, Gurugram. Nearly 97% of the residences-152 of 156 units-were sold within a month of launch, underlining strong buyer confidence in the brand's luxury developments in Gurugram.
Helios MF’s Dinshaw Irani says India looks oversold, stays cautious on IT stocks
Helios Mutual Fund CEO Dinshaw Irani said the fund has been actively deploying cash as Indian equities appear oversold after recent underperformance. He noted that consumption trends remain resilient for now, though prolonged global uncertainty could weigh on demand over the next few quarters. Irani remains cautious on the IT sector, warning that AI-led disruption, weaker growth expectations and margin pressures could keep valuations under strain despite recent corrections. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Correction in NBFCs, IT and realty offers entry as earnings stay steady: Anupam Tiwari
Anupam Tiwari, Head of Equity at Groww Mutual Fund, expects a strong current quarter with limited impact from oil shocks so far, but flags risks from the next quarter onward. He remains positive on premium consumption, NBFCs, manufacturing exports and capex, while adding IT and premium real estate after corrections. He believes market fears may be overstated, with much of the downside already priced in.
Iran war impact on travel: How Jefferies is tweaking its hotel, airline stock portfolio
Jefferies has turned cautious on India’s travel sector as the Iran–Middle East war hurts international traffic, lifts fuel costs and weakens foreign tourist arrivals. It trims earnings for airlines, hotels and travel-tech names, while maintaining BUY ratings on GMR Airports, IndiGo and key hotel stocks.