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Biocon Q4 Results: Net Profit Plunges 63% On High Base, Exceptional Item
The sharp decline in profit was largely a function of a high base effect, as Q4FY25 had benefitted from elevated genericlenalidomide sales and the impact of an exceptional in the current quarter.
Railways plans AI cameras; new orders on hold
Research Designs and Standards Organisation first specified internet protocol-based video surveillance systems for rolling stock in March 2018. The norms have since been amended seven times, most recently in June 2025. The current specifications define parameters for closed-circuit television cameras that record activities inside and outside trains for post-event analysis.
Lenskart Block Deal | 7.2 crore shares worth ₹3,293 crore likely to change hands at ₹470
The block deal price is at a 3.6% discount to the current market price. Separately, it has been noted that the lock-in period for the IPO ends tomorrow, May 8. Shares of Lenskart Solutions Ltd ended at ₹488.00, down by ₹15.15, or 3.01%, on the BSE.
Coal India shares fall 3% after report says govt likely to sell Rs 10,000-crore stake via OFS
Coal India shares fell on Thursday following a report about a potential government stake sale. The government may sell 3-4% of the company for approximately Rs 10,000 crore. This move could offer shares at a discount to the current market price. The company's recent financial results showed a profit surge.
MRF Dividend: Board approves joint-highest payout ever for shareholders; Details here
The current dividend payout is subject to approval from shareholders at its ensuing Annual General Meeting (AGM). Record date for the payment of dividend has not been disclosed yet.
S&P Sees India's Growth Slowing To 6.6% In FY27, Stresses Viksit Bharat Reforms
India's GDP growth is projected to moderate to 6.6% in the current fiscal from the earlier estimated 7.1%.
NSE says enough shareholder participation for IPO even if valuation tops ₹5 tn
Based on the current unlisted share price of NSE, which can be bought between ₹2,030 and ₹2,045 apiece, the company is valued at around ₹5.06 trillion.
Dalal Street poised for strong start as GIFT Nifty hints at robust gap-up opening
Indian stock markets faced pressure due to firm crude oil prices. The Nifty index remained below a key technical level for eight days, signaling a bearish trend. However, technical indicators suggest a potential recovery from current levels. Volatility eased slightly, offering some support. Foreign investors were net buyers, while the Indian Rupee touched a record low.
Premiumisation to help sustain strong volume, revenue growth: Marico MD
Marico MD and CEO Saugata Gupta stated that large consumer goods companies are better positioned than smaller rivals to handle current market volatility. He anticipates supply shocks and inflation cycles will widen this gap, even as demand remains steady.
It's History! Smallcaps could build on big gains last month
The Nifty Smallcap 100 index surged 18.4% in April, its third-highest monthly gain since inception. Historical data suggests this could lead to further gains over the next 12 months, though elevated valuations present a potential cap on upside. Experts remain positive on small caps for an 18-24 month view, but caution that current valuations are richer than in prior episodes.
USD vs INR: Indian Rupee may depreciate to 96 per US dollar amid rising crude oil prices, global risk
The Indian rupee fell 20 paise to 95.43 against the US dollar amid geopolitical tensions and rising Brent crude prices, impacting oil-importing nations. Experts warn that prolonged currency weakness could worsen India's current account deficit and trigger further capital outflows.
