Pine Labs shares fall 11%, most since listing after equity worth ₹17,000 crore freed up
Nearly 80% of Pine Labs’ outstanding equity became eligible for trade after the lock-in expiry. Based on Tuesday’s closing price, the unlocked shares are valued…
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India prioritises forex for crude, defence imports as govt hikes gold, silver duty
India raises customs duty on gold, silver and platinum to curb non essential imports, conserve foreign exchange and protect the current account amid West Asia…
L&T wins ‘significant’ orders in West Asia for extra high voltage substations
L&T reported its fourth quarter results a week ago. It guided for 10-12% revenue growth for the current fiscal, similar margins to FY26 at 8.3%…
Dr. Reddy’s Q4 hit by lower Revlimid; analysts warn of two key risks
Despite the weak quarter, management maintained its outlook of achieving double-digit revenue growth along with margins of around 25%.
Dixon Tech shares gain over 4% even as bears highlight earnings concerns, bulls cut estimates
On the Vivo JV front, the management of Dixon Tech said that the discussions with the government are at an advanced stage and that they…
Rupee edges higher against dollar on gold, silver duty hike, but US yields weigh
Rupee opens slightly stronger at 95.60 as India hikes gold and silver import duties to 15% to curb imports and support forex, but global inflation…
Tata Power shares down 5% after weak operating performance in Q4, Nuvama downgrades
Brokerage firm Nuvama has downgraded Tata Power to “reduce” from its previous “hold” rating. It has a price target of ₹390 per share, indicating a…
Gold, silver gain over 7% on MCX after India raises import duties on bullion
India raises gold and silver import duties to 15%, sending MCX bullion prices to upper circuit, as policymakers aim to curb imports and support the…
Torrent Power shares will react to Q4 profit fall on higher costs, drag in generation
The key drag came from the generation segment, which reported an EBIT loss of ₹38.9 crore against an EBIT profit of ₹233.8 crore in the…
Titan, Kalyan, Senco Gold shares in focus after customs duty hike on gold imports, ₹50,000 crore rout
Titan, Kalyan Jewellers and Senco Gold have already sold off over the last two sessions, with declines ranging from 11% to as high as 15%…