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Q4 Results LIVE Updates: Balaji Amines shares suge 20%; NLC India up 11%; JSW Steel report today
Q4 Results LIVE Updates: Nifty constituents JSW Steel and Tata Motors PV as well as Apollo Tyres, Hindustan Aeronautics, Data Patterns, United Spirits, Vishal Mega Mart are among the companies reporting their numbers today. Bharti Airtel, Bharti Hexacom, DLF, Oil India, among others will also be reacting to their results reported after market hours on Wednesday. Stay tuned for all the Live updates.
HPCL Q4 Results: Net profit jumps 46% YoY to Rs 4,902 crore; Rs 19.25/sh dividend declared
Hindustan Petroleum Corporation Limited (HPCL) reported a significant 46% surge in consolidated net profit to Rs 4,902 crore for the fourth quarter of FY26. The oil marketing giant also announced a final dividend of Rs 19.25 per share. Standalone total income saw a 4.5% year-on-year increase to Rs 1.24 lakh crore during the same period.
Q4 Results Today: Tata Motors, Bharti Airtel, PFC, Oil India Among 100 Companies To Declare Earnings
DLF, Cipla, Hindustan Petroleum Corporation, LIC Housing Finance and Paras Defence are among the companies that will declare earnings on May 13.
Explained: Why Vedanta shares are up 4% after government's royalty cut on crude oil
Vedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for the company’s Rajasthan fields and support upstream exploration. Brokerage CLSA said the royalty cut could significantly benefit Vedanta, while investors also await the listing of its demerged entities.
ONGC share price jumps 6.5% after govt slashes oil and gas royalty rates
ONGC share price rose 6.5% on May 12 after the government lowered royalty rates for crude oil and natural gas production, aiming to enhance domestic exploration. Offshore crude royalties decreased from 9.09% to 8%, and natural gas rates fell from 10% to 8%.
India cuts royalty burden on oil and gas producers in push for domestic output
India's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration and production. Deepwater and ultra-deepwater fields will see significant royalty reductions. New policies offer zero royalty for initial years in these challenging areas.
Mcap of 4 most valued firms erodes by ₹1 trn, SBI biggest laggard
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. ...
West Asia war has a crude lesson for Indian economy: Cut the oil imports
The West Asia conflict has exposed India's vulnerability to energy shocks, prompting calls to reduce crude oil imports and boost energy security. An RBI MPC member stressed the need for increased domestic exploration and a faster transition to alternative energy sources to sustain economic growth amidst rising import bills and inflation.
Mcap of 4 most valued firms surges by ₹2.20 trn, Reliance biggest winner
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 249.29 points or 0.32 per cent. "Markets ended the week with marginal gains, reflecting a volatile and range-bound trading environment amid mixed global and domestic cues," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The week began on a positive note, supported by easing geopolitical tensions and steady progress in Q4 earnings, which lifted initial sentiment, he said. However, gains were gradually capped by rising crude oil prices, weak cues from Asian markets, and persistent foreign institutional investor (FII) outflows, Mishra added. While Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS) and Bajaj Finance were the gainers from the pack, HDFC Bank, State Bank of India, ICICI Bank, Larsen & Toubro, Hindustan Unilever and
Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focus
India's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one marginal field is producing. Experts question the policy's effectiveness. Geological challenges and a shift in risk to companies deter global investment. The government continues auctions, but state-run firms dominate. This situation highlights India's ongoing dependence on imports.
Forward March Qtr: HUL growth fastest in 3 years, signals fresh price hikes due to war
Hindustan Unilever Limited (HUL) reported its fastest sales growth in three years, with a 7% increase in the March quarter driven by stable consumer demand and supportive economic measures. Despite this positive performance, the company warned of potential price hikes due to rising crude oil-linked commodity costs stemming from the Iran war.
Forward March Qtr: HUL growth fastest in 3 years, signals fresh price hikes due to war
Hindustan Unilever Limited (HUL) reported its fastest sales growth in three years, with a 7% increase in the March quarter driven by stable consumer demand and supportive economic measures. Despite this positive performance, the company warned of potential price hikes due to rising crude oil-linked commodity costs stemming from the Iran war.