Market News
Stay updated with the latest market trends, earnings, and economic indicators.
India has no plans for financial support for fuel retailers, official says
India will not compensate state-run fuel retailers for losses incurred by selling transport fuels below market prices. While companies have increased prices for industrial customers and jet fuel for foreign carriers, retail prices for gasoline, gasoil, LPG, and jet fuel for Indian carriers remain unchanged. The government prioritizes protecting retail consumers.
Punjab & Sind Bank aims to cross total business milestone of Rs 3 lakh cr in FY27
Punjab & Sind Bank is targeting a significant milestone of Rs 3 lakh crore in total business by the end of the current financial year. This ambitious goal is driven by expected loan growth and deposit expansion. To fuel this expansion, the bank plans to raise substantial funds through equity and debt issuances.
In big relief to Vodafone Idea, govt pares its AGR liabilities by 27%
The Department of Telecommunications (DoT) has reduced Vodafone Idea’s adjusted gross revenue (AGR) liabilities by about 27%, providing significant financial relief to the telecom operator.
Gujarat Cotex to raise nearly Rs 43 cr through rights issue
Gujarat Cotex is set to raise approximately Rs 43 crore through a rights issue to fund its expansion projects, including a new premium hotel. The issue, offering six shares for every one held, opened on April 10 and closes May 8. Proceeds will also bolster the company's financial standing as it diversifies into real estate, hospitality, and agri-commodity trading.
Motilal Oswal Q4 Results: Cons loss widens YoY to Rs 221 crore but operating PAT grows 25% on 125% revenue surge
Motilal Oswal Financial Services saw its net loss widen in the March quarter. Revenue from operations surged 125 percent year-on-year. The company's operating profit after tax grew 25 percent. Asset and Private Wealth Management businesses showed robust growth. Asset Management PAT increased 63 percent. Total assets under management grew 32 percent. SIP inflows surged 78 percent.
Vedanta Q4 Results: Cons profit zooms 92% YoY to Rs 6,698 crore, revenue jumps 47%
Vedanta Q4 Results: Vedanta announced a significant financial performance for the March quarter. The company's net profit soared by 92% year-on-year to Rs 6,698 crore. Total revenues also saw a substantial increase of 47% year-on-year. Vedanta achieved its best-ever EBITDA and a record Return on Capital Employed. The net debt to EBITDA ratio improved considerably, marking a 14-quarter high.
Infosys CFO Jayesh Sanghrajka says no decision on the timing and quantum of hike — What we know
Infosys CFO Jayesh Sanghrajka said the IT major has not made any decision on the timing and quantum of wage hikes. Sanghrajka and CEO Salil Parekh announced the IT major's Q4FY26 financial results today.
Exclusive | Pirojsha Godrej bets big on financial services; plans gold loan foray in FY27
Godrej Industries sees financial services as its fastest-growing vertical, with plans to scale AUM to ₹1 lakh crore, while real estate and consumer businesses continue to anchor growth, Chairman-designate Pirojsha Godrej said.
AI to reshape next phase of financial market infrastructure: SBI Chairman CS Setty
State Bank of India Chairman CS Setty foresees artificial intelligence revolutionizing financial markets. AI will enhance risk management and operational efficiency. Institutions like Clearing Corp of India will become pre-emptive risk managers. The future demands intelligent scale and agile systems. Cybersecurity and resilience remain paramount as digitization advances.
Amazon India bets big on worker welfare with ₹2,800 crore investment
Amazon India will invest over ₹2800 crore in 2026 to expand logistics and quick commerce, while boosting safety, health and financial welfare programs for delivery associates
Reliance Industries Q4 Results Preview: Weak O2C may dent earnings; Jio, retail to provide support; Check RIL Earnings date and time
RIL Q4 Results FY26 Preview: Reliance Industries is poised for a mixed financial quarter. Revenue is expected to grow steadily, driven by its telecom and retail businesses. However, profitability may face pressure from its O2C and upstream segments. Brokerage estimates project a varied net profit range. Reliance will announce its earnings on Friday, April 24.
Groww shares rally 14% in just 3 days. Should investors buy after Q4 results?
Groww's stock surged following robust March quarter results. The company reported significant year-on-year growth in net profit and revenue. Analysts from Jefferies and Motilal Oswal recommend buying the stock, citing strong user adoption and market share gains. However, JM Financial maintains a sell rating, suggesting the current valuation is high despite future growth projections.