IDBI Bank & NSE-backed NSDL plans $463-mn IPO launch next week at $1.85-bn valuation
The firm is targeting the IPO for public subscription between July 30 and August 1, with the anchor book portion scheduled for July 29
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United Breweries Q1 net profit up but misses estimates; premium brands drive up volume
United Breweries reported an 11% volume growth in Q1, driven by a 46% surge in its premium portfolio, resulting in estimated market share gains both overall and in the premium segment. Net sales rose 16%, supported by this volume growth…
JSW Infrastructure net profit jumps 31% on strong cargo volumes
JSW Infrastructure Ltd, India’s second-largest private commercial port operator, reports strong Q1FY26 results with a 31% PAT growth, 21% revenue increase, and a 5% rise in cargo volumes. Robust third-party business and Navkar Corporation’s performance drive sustained growth. Shares of…
Oberoi Realty Block Deal: Institutional investor likely to offload 3% stake in $230-million exit
The total transaction size is pegged at $230 million, sources in the know told CNBC-TV18. The floor price for the block deal has been set at ₹1,753.2 per share, which represents a 4% discount to the stock’s closing price on…
ONGC board approves true-up amount of up to ₹5,082 cr for Mozambique LNG project
The Area 1 Mozambique Project, located in the Rovuma Basin, is a significant natural gas discovery with substantial potential. However, in the recent past, the Mozambique project has faced disruptions due to security concerns. ONGC is actively working towards restarting…
Dalmia Bharat Q1 net profit jumps nearly 3x but misses estimates, margin widens
At the operating level, EBITDA surged 32% YoY to ₹883 crore in the June quarter over ₹669 crore, beating the CNBC TV18 poll estimate of ₹831 crore. This is the company’s highest recorded quarterly EBITDA. Shares of Dalmia Bharat Ltd…
SEBI surveillance mechanism in place to protect retail investors, says minister in RS
SEBI’s surveillance systems check any abnormal rise in the prices of securities that are not aligned with the fundamentals of companies.
Gold could touch $4,000 per ounce amid global uncertainty, says Kama Jewelry’s Colin Shah
Gold prices could climb as high as $4,000 an ounce over the next year amid global uncertainty and trade tensions, says Colin Shah, MD of Kama Jewelry. He also sees a recovery in natural diamonds and rising demand for platinum,…
KEI Industries Q1 net profit surges 30%, revenue up 25%; beat estimates
At the operating level, EBITDA rose 17.7% to ₹258 crore over ₹219 crore a year ago. The CNBC-TV18 poll had predicted an EBITDA of ₹247 crore. Shares of KEI Industries Ltd ended at ₹3,975.10, up by ₹4.15, or 0.10%, on…
Creditaccess Grameen Q1 Results | Net profit dives 85% to ₹60 crore on higher credit costs
The company maintained robust liquidity of ₹2,025 crore in cash, cash equivalents, and investments. Shares of Creditaccess Grameen Ltd ended at ₹1,278.40, down by ₹15.10 or 1.17%, on the BSE.