Market News
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Hero MotoCorp posts record profit on strong sales and EV growth
Hero MotoCorp reported record Q4 and FY26 profits driven by strong sales, premiumisation and EV growth. Revenue and volumes surged, margins improved, and global expansion strengthened, reinforcing its leadership and positioning for sustained future mobility growth.
Poonawalla Fincorp Q4 results: Profit jumps 70% QoQ to Rs 255 crore
Poonawalla Fincorp reported a sharp profit rise driven by margin expansion, higher income, and improved asset quality. AUM crossed Rs 60,000 crore, credit costs eased, and capital adequacy strengthened after fundraise, supporting future growth and digital expansion.
L&T declares Rs 38/share dividend, sets record date on May 22
Larsen & Toubro announced a Rs 38 dividend for FY26, alongside mixed Q4 results with slight profit decline and strong revenue growth. Robust order inflows and international expansion supported annual performance, positioning the company for future technology-driven growth.
Gokula Education Foundation (Medical) launches RISM, a globally aligned STEM and Management university focused on AI, aerospace, and future-ready skills
Gokula Education Foundation partners with the University at Albany to launch Ramaiah Institute of Science and Management (RISM) in Bengaluru. This new deemed-to-be university will offer next-generation STEM and Management programs, commencing in August 2026, with a focus on industry-aligned education and research.
Biocon shares rise 1% after billionaire Kiran Mazumdar-Shaw names niece as successor
Biocon's chairperson, Kiran Mazumdar-Shaw, has named her niece, Claire Mazumdar, as her successor, sparking a more than 1% jump in the company's shares. Shaw, who founded Biocon over 40 years ago, expressed confidence in Claire's ability to lead the company's future growth, driven by advanced biotech and AI.
India most resilient emerging market economy; better placed to manage future shocks: Moody's
In a report on emerging markets, Moody's said India is well placed to manage future shocks because monetary policy frameworks are clear and predictable, inflation expectations are well anchored, and exchange rates can adjust when needed.
Moody’s says India ranks among most resilient EMs to weather global shocks. Here’s why
Moody's highlights India's strong market resilience against global shocks, attributing it to stable monetary policy, anchored inflation expectations, and adjustable exchange rates. The firm notes India's limited credit spread widening and contained currency depreciation, distinguishing it from more vulnerable emerging markets. While debt levels are a constraint, India's reforms and buffers position it well for future shocks.
India most resilient emerging mkt, better placed to manage shocks: Moody's
India has been the most resilient large emerging market economy since 2020, and its sizeable forex reserves have helped check currency volatility and reinforce confidence during global shocks, Moody's Ratings said on Tuesday. In a report on emerging market, Moody's said India is well placed to manage future shocks because monetary policy frameworks are clear and predictable, inflation expectations are well anchored, and exchange rates can adjust when needed. Stating that India is "better placed" among emerging market sovereigns to manage future global shock, Moody's said the country would also enter any future periods of stress with strong and accessible buffers. "India's reliance on domestic funding is balanced by deep local markets and sizeable reserves ... Nevertheless, India's relatively high debt burden and weak fiscal balance limit the amount of space available to respond to successive shocks," Moody's added. It said India had made key policy choices that support stability we
Bengaluru airport rolls out AI-driven airside safety system to boost operations
Bengaluru Airport is stepping into the future with its cutting-edge Smart Airside Safety System. Harnessing the power of AI and automation, this system optimizes the flow of vehicles and aircraft, enhancing safety at pivotal airside intersections. By minimizing human error, it streamlines operations and sets the stage for ongoing advancements in airport safety protocols.
India among most resilient large EMs, better placed for future global shocks; policy reforms & strong buf - The Times of India
India among most resilient large EMs, better placed for future global shocks; policy reforms & strong bufThe Times of India
Claire Mazumdar: A silent force behind a $1.6 billion firm may write Biocon's future scripts
Biocon founder Kiran Mazumdar-Shaw has named her niece, Claire Mazumdar, as her successor. Claire Mazumdar, a successful CEO of Bicara Therapeutics, brings scientific expertise and deal-making skills. She is poised to lead Biocon into its next growth phase. The company is focusing on biosimilars and advanced biologics.
Sobha shares rocket 10% after Q4 profit soars 124% YoY to Rs 92 crore
Sobha Ltd's shares surged as its Q4 net profit more than doubled to Rs 92 crore, a 124% year-on-year increase. Revenue also climbed 29% to Rs 2,030 crore, driven by strong sales in Bengaluru and NCR. The company highlighted resilient demand for premium housing and a strategic land bank for future growth.