nanika Editor

JSW Steel has reported a strong financial performance for the first quarter of the financial year 2026-27, with its consolidated net profit more than doubling year-on-year to ₹4,696 crore. The company had posted a net profit of ₹2,209 crore in the same quarter last year. The steel major’s revenue from operations increased by 9.8 per cent to ₹47,364 crore during the quarter ended June 30, 2026, compared with ₹43,147 crore in the corresponding period a year earlier. The company’s total income also rose by 10.6 per cent to ₹48,088 crore. Profit before tax witnessed a significant rise of 100.5 per…

Tata Consultancy Services (TCS) has launched a Gemini Experience Centre (GEC) in Kolkata in collaboration with Google Cloud to showcase artificial intelligence-led innovations for consumer-focused businesses. The new facility is part of TCS’s global initiative to establish industry-focused AI innovation hubs. The Consumer Business Group (CBG) Gemini Experience Centre is the third such facility launched by TCS in India, following centres in Chennai and Bengaluru. The company plans to establish 10 Gemini Experience Centres worldwide by the end of 2026, including four in India. The Kolkata centre will enable enterprises in sectors such as retail, consumer packaged goods, and travel,…

Tata Consultancy Services (TCS) has launched an Industrial AI Solutions Lab in Bengaluru in collaboration with Nvidia to help manufacturing and mobility companies develop, test and deploy artificial intelligence applications at scale. The new facility will enable enterprises to move beyond experimental AI projects and accelerate the transition towards production-ready solutions. The lab will support the design, testing and validation of Industrial AI applications by combining TCS’s industry expertise and technology capabilities with Nvidia’s advanced AI platforms. TCS said the facility will allow customers to rapidly prototype and simulate AI use cases across sectors such as manufacturing, mobility and industrial…

Private bank stocks have emerged as the top performers in the banking sector during FY27, significantly outperforming both public sector banks and the broader equity market. According to ACE Equity data, the Nifty Private Bank Index has gained nearly 17 per cent so far this fiscal, surpassing the Nifty 50’s rise of around 8.4 per cent, the Nifty PSU Bank Index’s 7.5 per cent gain, and the Nifty Bank Index’s 15.6 per cent increase. Market analysts attribute this strong performance to stable asset quality, improving business prospects, treasury gains, and supportive measures introduced by the Reserve Bank of India. These…

Shares of Oracle Financial Services Software (OFSS) have witnessed a sharp rally, gaining 92 per cent from their 52-week low recorded in March 2026, driven by strong investor confidence in the company’s technology-led growth strategy and improving business outlook. The stock touched a fresh 52-week high of ₹11,945.65 on the BSE, marking its highest level since January 2025. Over the past three months, OFSS has significantly outperformed the broader market, rising nearly 65 per cent compared with a marginal gain in the BSE Sensex. The company, along with its subsidiaries, provides information technology solutions to the global financial services industry,…

Flipkart has announced a major expansion of its seller-first strategy by removing commission on all fashion products sold through its marketplace, regardless of their price. The Walmart-owned e-commerce company said the move will benefit nearly 90,000 active fashion sellers, including micro, small and medium enterprises (MSMEs), direct-to-consumer (D2C) brands and homegrown fashion labels. Previously, the zero-commission policy applied only to eligible fashion products priced below ₹1,000. With the latest decision, sellers can now list fashion products across all price segments without paying any commission, allowing them to retain a larger share of their earnings. Flipkart said the initiative is designed…

Gautam Adani has significantly expanded his group’s capital-raising efforts, upsizing a qualified institutional placement (QIP) as part of a broader $15-billion investment push across ports, mining, and flagship businesses. The latest moves signal renewed momentum for the conglomerate after it moved past its recent US regulatory and legal challenges. Adani Enterprises, the group’s flagship company, increased its share sale by 50 percent to ₹15,000 crore from the originally planned ₹10,000 crore. The offering drew strong investor interest, attracting bids worth approximately ₹38,000 crore—nearly 3.8 times the issue size. Major global investors, including The Capital Group, Goldman Sachs Group, Vanguard Group,…