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Kaynes Technology shares tumble 25% in 3 days after weak Q4; Elara cuts rating to ‘Accumulate’
Kaynes Technology India shares tumbled nearly 25% in three days following a weaker-than-expected Q4 performance and a downgrade by Elara Securities. The company missed key FY26 guidance metrics, including revenue and operating cash flow. While FY27 growth targets were lowered, the firm anticipates future revenue contributions from its OSAT plant.
Gold loans are no longer merely the last source of credit for the poor: Shaji Varghese, CEO, Muthoot FinCorp
Muthoot Fincorp is gearing up for a monumental ₹4,000 crore IPO, seeking to ignite its expansion plans and harness the momentum of its current growth trajectory. With an optimistic eye on the future, the company is poised to navigate market fluctuations and continue its upward path. The funds raised will be pivotal in propelling further innovations and initiatives.
JLR readies recovery plan to get fit for new 'world order'
Jaguar Land Rover is implementing a three-part recovery plan following its worst annual net loss in five years. The strategy targets reducing procurement and warranty expenses while enhancing digital systems. The company aims to restore its cash break-even point and achieve significant savings. New electric vehicle launches are expected to drive future growth.
Deloitte India could lead professional services space soon: Romal Shetty
Deloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platforms and innovation-led businesses — and that it is building the business of tomorrow today.
India missed out on AI, and now its run as market darling may be over
India's stock market faces a significant downturn as global investment shifts towards AI. Foreign investors are leaving, impacting market value. The country's IT sector, a major driver of past success, is now vulnerable to AI automation. This presents a critical juncture for India's economic future and its position in global markets.
Insecticides India launches GRANUVIA - a next-gen insecticide for paddy crop
Insecticides India (IIL) today announced the launch of GRANUVIA, a next-generation, future-ready insecticide in India. GRANUVIA is designed to provide long-duration control of brown plant hopper (BPH) up to 60 days from days of application, recommended application window 30-35 Days after transplanting, along with up to two weeks of protection against stem borer (for dead heart management) two of the most damaging pests affecting paddy crop.
Premier Energies Q4 profit jumps 64% as solar demand lifts revenue; plans ₹5,000 crore fundraising
Strong revenue growth boosted Premier Energies’ quarterly profit, while the company also unveiled plans to raise ₹5,000 crore for future expansion.
Punjab schools shine: 416 govt schools achieve 100% pass rate in Class 12
Punjab government schools have achieved a remarkable 100% pass rate in the PSEB Class 12 examinations. Girls have once again demonstrated academic superiority, excelling in both merit and overall pass percentages. This success reflects significant improvements in government educational institutions. Three students achieved perfect scores, with the Chief Minister congratulating them and promising support for their future endeavors.
Officer’s Choice whiskey maker targets premium spirits segment despite war-linked inflation worries
Allied Blenders and Distillers sees strong growth in premium spirits. The company prioritizes profitability over mass volumes. This strategy focuses on premium and luxury segments for future expansion. Demand for higher-margin products remains steady. The company expects improved EBITDA margins by fiscal year 2028. Supplies to Middle Eastern markets are resuming.
Chalet Hotels eyes Jaipur, Jodhpur and Hyderabad as future growth clusters
Chalet Hotels Limited, backed by K Raheja Corp, is focusing on expanding into leisure markets and evaluating opportunities in Hyderabad. The company continues to grow its portfolio and maintain strong revenue growth despite challenges in core city markets, driven by a robust demand-supply dynamic.
Ola Electric to invest Rs 2,000 crore in EV, battery cell units
Ola Electric Mobility's board has approved a significant Rs 2,000 crore investment. This capital will bolster its electric vehicle and battery cell manufacturing arms. The company aims to strengthen its EV ecosystem and scale operations. Investments will be made into Ola Electric Technologies and Ola Cell Technologies. These funds will support business requirements and future growth.
Indian banks remain stable despite margin pressure after RBI rate cut: Report
Indian banks are financially stable. Bad loans are under control. Profit margins face pressure from recent interest rate cuts. Banks are focusing on low-cost deposits. The West Asia conflict poses potential future risks. Banks are preparing for new credit loss frameworks. Overall, the banking sector shows resilience.