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IndiaMART InterMesh Limited, a parent company of Business-to-Business (B2B) marketplace IndiaMart, said its profit stood at Rs 153.50 crore for the first quarter of the financial year 2026 (Q1 FY26), falling over 14 per cent sequentially. The company had posted a profit of Rs 180.6 crore in the January...
A total of 539 companies raised $61.4 billion through initial public offerings (IPO) across the world during the first half of 2025, according to a report released on Friday. In numbers terms, the public offerings declined 4 per cent year-on-year, a total of 563 companies went public in 2024. However, t...
Food delivery platform Eternal, formerly known as Zomato, is all set to release its Q1FY26 earnings on Monday, July 21, 2025. According to Zee Business Research Team, the company is expected to post strong year-on-year (YoY) growth in revenue and profit, led by solid performance from its quick-commerce...
Partha Pratim Sengupta-led Bandhan Bank on Friday reported a sharp 65 per cent year-on-year (YoY) drop in its net profit for the first quarter of the current financial year (Q1 FY26), with earnings falling to Rs 372 crore compared to Rs 1,064 crore in the same period previous year (Q1 FY25). The fall in...
Representing over 4.5 lakh Kirana retailers, the All India Consumer Products Distributors Federation (AICPDF) has raised deep concern regarding the rising sales of cigarettes and tobacco products through quick commerce platforms such as Zepto, Blinkit, and Swiggy Instamart. In its open letter dated Jul...
Vedanta-owned Hindustan Zinc today shared its financial results for the first quarter of financial year 2026 ending on June 30, 2025. On a year-on-year (YoY) basis, the company’s profit fell 4.7 per cent from Rs 2,345 crore in Q1 FY25. It reported a sharp 25.6 per cent sequential drop in its conso...
PhonePe’s Pincode platform has digitally empowered over 1,000 local offline stores across major Indian cities, like Bengaluru, Pune, Delhi NCR, Hyderabad, Mumbai, and Varanasi, enabling them to compete effectively and accelerate growth in the rapidly digitalising retail market. By combining techno...
Tata Power Renewable Energy Limited (TPREL) has signed its first Battery Energy Storage Purchase Agreement with NHPC Limited, marking a significant milestone in the company’s renewable energy initiatives. The project, secured under NHPC’s BESS tranche-I tender through a competitive bidding r...
Heritage Foods Q1 Results: Dairy company Heritage Foods Limited on Thursday reported a sharp decline in net profit for the first quarter of FY26, as the company posted a net profit of Rs 40.5 crore for the April–June quarter, down 30.7 per cent from Rs 58.4 crore reported in the same period previous yea...
Wipro Q1 FY2526 Result Takeaways: The Bengaluru-headquartered largecap tech giant announced its quarterly results for the quarter ended June 30 (April-June quarter), registering a decline in its profit after tax (PAT) and revenue from operations quarter-on-quarter (QoQ). While Wipro’ quarterly att...
Bengaluru-headquartered IT major Wipro on Thursday reported a net profit of Rs 3,330 crore for the quarter ended June 30, marking a 6.7 per cent quarter-on-quarter decline that was still less severe than what analysts had anticipated. Its revenue declined 1.6 per cent sequentially to Rs 22,135 crore, ac...
Axis Bank, India’s third-largest private sector lender, reported a 3.8 per cent decline in its June quarter (Q1FY26) net profit to Rs 5,806.14 crore, down from Rs 6,034.64 crore in the year-ago period. The bank’s net interest income (NII) increased marginally by 0.8 per cent to Rs 13,560 crore, compared...
IT major Wipro announced a dividend of Rs 5 per equity share on Thursday, July 17, according to a stock market disclosure. “Payment of interim dividend of Rs 5 per equity share of par value Rs 2 each to the members of the Company as of July 28, 2025, is the record date. The payment of interim divi...
HDFC Bank Q1 FY26 Results Preview, Bonus Buzz: HDFC Bank, the country’s largest lender by market value, is set to report its financial results on Saturday, July 19. As its board meets that day, it will be considering three things: quarterly earnings, a dividend, and a bonus. However, if a bonus ma...
L&T Technology Services (LTTS) kicked off FY26 with a steady bottomline performance despite a sequential revenue decline. The company in its financial report showed a consolidated net profit of Rs 315.7 crore for the quarter ended June 30, marking a 1 per cent rise compared to Rs 311 crore in Q4 FY2...
ICICI Bank is expected to deliver a strong performance in Q1FY26, with year-on-year growth anticipated in key metrics ahead of the results announcement on July 19. According to Zee Business research team, Net Interest Income (NII) is estimated at around Rs 20,920 crore, up 7 per cent from Rs 19,553 cror...
L&T Technology Services (LTTS) kicked off FY26 with a steady bottomline performance despite a sequential revenue decline. The company reported a consolidated net profit of Rs 315.7 crore for the quarter ended June 30, marking a 1 per cent rise compared to Rs 311 crore in Q4 FY25. Revenue from operat...
Tech Mahindra Q1 FY26 Earnings: Pune-headquartered Tech Mahindra on Wednesday reported a net profit of Rs 1,141 crore for the quarter ended June 30, a 2.2 per cent decline sequentially. The IT major’s quarterly net profit misses analysts’ estimates. Its revenue came in at Rs 13,351 crore, m...
IT services company Wipro will announce its Q1 FY26 earnings on Thursday, July 17. The company is expected to post soft revenue growth due to continued demand weakness in key markets like Europe and challenges in client budgets. According to the Zee Business Research Team, Wipro’s revenues are likely t...
India’s largest Public Sector Bank, the State Bank of India (SBI), is likely to launch its Rs 25,000 crore Qualified Institutional Placement (QIP) very soon, according to multiple reports. The pricing of this Qualified Institutional Placement is expected to be close to the current market price, wi...
ITC Hotels Q1 FY26 Results News: ITC Hotels on Wednesday reported a consolidated net profit of Rs 133.1 crore for the quarter ended June 30, marking a jump of 53.8 per cent over the corresponding period a year ago. Its revenue grew 15.5 per cent to Rs 815.5 crore, according to a regulatory filing. ITC H...
ICICI Prudential Life Insurance Company on Tuesday, July 15, shared its financial results for the first quarter of the FY 2026 ended on June 30, 2025. The company reported a sequential decline of nearly 21.8 per cent in net profit for the quarter, according to a stock market filing. Its net profit decli...
IT major Tech Mahindra is expected to post a marginal decline of 0.8 per cent quarter-on-quarter in constant currency (cc) revenue for the June quarter, weighed down by continued weakness in its key Communications, Media, and Technology (CMT) vertical, according to Zee Business Research. Despite the lik...
HDFC Life Insurance Company Q1 FY26 Results: Mumbai-headquartered insurance provider HDFC Life on Tuesday reported a net profit of Rs 546.5 crore for the quarter ended June 30, marking a 14.2 per cent rise over the corresponding period a year ago. That was better than what analysts had expected and driv...
Bangalore-based Hindustan Coca-Cola Beverages (HCCB) has appointed Hemant Rupani as its chief executive officer (CEO). His appointment eill be effective from September 8, 2025, according to a press note today, July 15. Rupani will succeed the current HCCB CEO Juan Pablo Rodriguez, who is moving to a new...
R Doraiswamy on Monday took charge as chief executive officer (CEO) and managing director (MD) of Life Insurance Corporation (LIC), with effect from the same day. His appointment is for a period of three years or till he attains the age of 62 years, or until further orders, whichever is the earliest. Ac...
HCLTech on Monday reported a net profit of Rs 3,843 crore for the quarter ended June 30, marking a 7.6 per cent increase over the corresponding period a year ago. Its revenue came in at Rs 28,169 crore, up 5.5 per cent. The IT major registered earnings before interest and taxes (EBIT) of Rs 5,300 crore,...
HCL Technologies has announced its interim dividend for the first quarter of the financial year 2026 ending on June 30, 2025, according to a stock market disclosure. “The Board of Directors has declared an Interim Dividend of Rs. 12/- per equity share of Rs 2/- each of the Company for the Financia...
Dr. Kumar Mangalam Birla, Chairman of the Aditya Birla Group and Chancellor of BITS Pilani, visited the Pilani campus on Saturday. During an interaction, local students and residents expressed their long-standing request for a medical institute in the region, in addition to the existing engineering prog...
The Delhi High Court has refused to stay the ongoing construction of a 400-bed multi-speciality hospital in Greater Kailash-I, a joint venture between DLF and Global Health Ltd (Medanta), despite opposition from the local residents’ association. The project, announced in 2023, is being developed on land...
The Reserve Bank of India (RBI) announced on Friday, July 11, that it has fined HDFC Bank Rs 4.88 lakh and Shriram Finance Rs 2.70 lakh for failing to comply with some of the Central Bank’s directives. “The penalty on HDFC Bank was levied under the provisions of Section 11(3) of the Foreign...
IT major HCL Technologies is expected to report a weak set of numbers for the first quarter of FY26, with both revenue and net profit likely to decline on a sequential basis due to seasonal softness in its services and products businesses. As per analyst estimates tracked by Business Standard, HCL Tech’...
Avenue Supermarts, the parent company of DMart stores, is set to announce its Q1FY26 consolidated earnings on July 11, 2025. Industry experts and brokerages anticipate robust revenue growth driven by new store additions but foresee pressure on margins due to rising operational expenses and gross margin...
Shares of Glenmark Pharmaceuticals Ltd (NSE: GLENMARK) soared 10 per cent to Rs 2,094.40 in morning trade on Thursday after the company announced its biggest-ever outlicensing deal with US pharma giant AbbVie Inc. The landmark agreement, valued at up to $1.93 billion, involves ISB 2001, a cutting-edge p...
Priya Nair, a name well-known within Unilever circles, is now set to make corporate history. Come August 1, 2025, she will become the first woman CEO and Managing Director of Hindustan Unilever Ltd (HUL) — India’s largest fast-moving consumer goods (FMCG) company. Currently based in London, Nair heads t...
In a significant development, PSU lender Canara Bank has decided to unconditionally withdraw the fraud classification of businessman Anil Ambani in a matter related to Reliance Communications (RCOM). The bank informed the Bombay High Court’s division bench—comprising Justice Revati Mohite Dere and Justi...
Tata group’s design and technology service provider Tata Elxsi on Thursday posted its April-June quarter earnings for the FY26. The largecap company has reported a net profit of Rs 144.36 crore, a 21.5 per cent decrease from Rs 184.07 crore in same quarter of the previous year. During the period,...
TCS posts 6 per cent rise in net profit, driven by strong margins and deal wins, while revenue dips 3.1 per cent in constant currency amid global uncertainties. Doonited Affiliated: Syndicate News Hunt This report has been published as part of an auto-generated syndicated wire feed. Except for the hea...
Tata Consultancy Services Ltd. (TCS), India’s largest IT services company, reported its financial results for the April–June quarter (Q1FY26) after market hours on Thursday. The company’s net profit and margins came in above expectations, while revenue growth slightly missed estimates, and EBIT remained...
The central government has granted tax-saving status to PSU renewable projects financing company IREDA Ltd’s bonds under Section 54EC of the Income Tax Act. This will facilitate low-cost fundraising for renewable energy and offer capital gains tax exemption to investors. The Central Board of Direc...
To extend the existing gas sale and purchase agreement for another 15 years, GAIL (India) has signed an agreement with Oil India Limited (OIL), starting from 1st July, 2025, according to an official statement by the company. The agreement is for supply of 900,000 standard cubic metres per day (SCMD) of...
Ahead of Tata Consultancy Services (TCS) Q1FY26 results, market analysts are advising caution, expecting a muted performance across large-cap IT stocks. The June quarter is likely to show year-on-year revenue pressure, with Infosys expected to be an exception among tier-1 IT players. June quarter to rem...
Social media platform X CEO Linda Yaccarino has announced her decision to step down from her role. She has led Elon Musk-owned X for the past two years. While announcing her decision on X, Yaccarino expressed gratitude to Musk for giving her the responsibility of protecting free speech and “transf...
Disinvestment in state-run IDBI Bank is set to be completed by October, with the process of financial bids and the lender’s announcements in the same month, sources told Zee Business. Earlier, the government had said that the bank’s deal is expected to be concluded within the current financial year. Pu...
TCS Q1 Results Preview: Tata Consultancy Services (TCS) is set to report its Q1FY26 earnings on July 10, and expectations suggest a muted start to the fiscal year. According to Zee Business research, the country’s largest IT firm is estimated to post modest top-line growth, but a contraction in operatin...
The Competition Commission of India (CCI) on Tuesday, July 8, approved two acquisition proposals involving leading financial and investment firms — UBS AG and Kedaara Capital — across wealth management and logistics sectors. The Commission approved the acquisition of various businesses of UBS AG and its...
India’s IT sector is approaching the Q1 FY26 earnings season with tempered expectations, as a mix of global macro pressures, a delay in client decision-making, and tariff-related uncertainty in the US clouds the overall sentiment. However, with Nifty IT up nearly 20 per cent from April lows, analy...
Q1 results, TCS Q1 results: Tata Consultancy Services (TCS), India’s largest IT services exporter, will kick off the Q1FY26 corporate earnings season on July 10, becoming the first Nifty 50 company to announce its quarterly results. The tech giant’s performance will set the tone for what analysts expect...
French consulting and technology group Capgemini on Monday announced the signing of a definite transaction agreement to acquire UK-based digital business process services firm WNS share in an all-cash deal worth $3.3 billion (excluding the target company’s net financial debt), at $76.5 per share. The ac...
India’s largest state-owned shipbuilder, Cochin Shipyard Limited (CSL), and HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the shipbuilding division of South Korea’s HD Hyundai, have signed a memorandum of understanding (MoU) to jointly expand their global footprint and boost In...
