The implementation of the Securities and Exchange Board of India’s (SEBI) new Closing Auction Session (CAS) has reignited a long-standing debate between global investors and domestic market participants over whether India’s equity markets have enough depth and liquidity to support an auction-based closing mechanism. The first day of CAS saw a sharp divergence in benchmark … Read more
Mumbai: Alembic Pharmaceuticals Limited on Monday announced its consolidated financial results for the first quarter of fiscal year 2026-27 (Q1 FY27), showing a rise in profit and revenue. Financial Performance The company’s consolidated net profit after tax rose to ₹175.33 crore for the quarter ended 30 June 2026, up from ₹156.53 crore reported in the … Read more
Mumbai: KKR-backed supply-chain operator Leap India Limited on Monday announced a price band of Rs 151-159 per equity share for its Rs 2,480-crore initial public offering, which will open for subscription on August 7. Investors can bid for a minimum of 94 equity shares and in multiples of the lot thereafter, the company announced at a … Read more
New Delhi: and Other Laws (Amendment) Bill, 2026, during the ongoing session of Parliament. The proposed law aims to attract foreign investment and support domestic manufacturing. Wider Tax Relief According to a Bloomberg report, the Bill may offer tax benefits to foreign investors putting money into Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), … Read more
Mumbai: Happy Forgings Limited on Monday announced its consolidated financial results for the first quarter of fiscal year 2027, reporting a net profit of ₹91.46 crore. This marks a 39.22 per cent rise from the ₹65.69 crore profit recorded in the quarter ended June 30, 2025. Revenue Performance The company’s revenue from operations for the … Read more
RBI’s new forex swap facility allows NRIs to earn up to 7.1% on FCNR(B) deposits, aiming to boost forex inflows and support the rupee. Thomas Cook’s CEO welcomed the move, which could stabilize travel costs and its forex business. RBI Forex Swap A ‘Welcome Move’ The special USD-Rupee forex swap facility introduced by the Reserve … Read more
Mumbai: snapping a four-session winning streak as investors adjusted to the newly introduced Closing Auction Session (CAS) for shares with futures and options (F&O) contracts. The BSE Sensex declined 210.08 points, or 0.27 percent, to close at 78,428.95. During the session, it moved between 78,211.87 and 79,143.15, recording a wide intraday range of 931.28 points. … Read more
Companies are now redesigning work, structures, and management to integrate AI for business growth, not just efficiency, a McKinsey report finds. This involves rethinking workforce models to translate AI adoption into measurable business value. Companies are moving beyond simply adopting artificial intelligence (AI) tools and are increasingly redesigning work, organisational structures and management roles to … Read more
The merchant discount rate (MDR) on UPI transactions may soon make a comeback, with discussions indicating that the charge could be fixed between 25 and 30 basis points for select categories of payments, Moneycontrol reported. However, the final rate and implementation framework are still under discussion and may change before a decision is finalised. A … Read more
Mumbai: FSN E-Commerce Ventures Ltd, the parent company of Nykaa, on Thursday announced a 226% surge in its consolidated net profit to ₹79.76 crore for the first quarter of the financial year 2026-27, compared to ₹24.47 crore in the same period last year. Revenue Performance The company’s consolidated revenue from operations for the quarter grew … Read more