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ixigo shares jump over 15%, hit new 52-week high after Q1 results
19 Jul

ixigo shares jump over 15%, hit new 52-week high after Q1 results

editorBusiness, News
Ixigo shares: Shares of travel services provider Le Travenues Technologies (Ixigo) rose 15.24% to hit a new 52-week high of ₹206 on the BSE, a day after the company announced its June quarter results. On the National Stock Exchange, ixigo shares rose as much as 15% to hit an intraday high of ₹206.20. Ixigo's operating revenue rose 75% to ₹321 crore in the quarter ended June 2025 from ₹184 crore in the same period a year ago. Its net profit rose 28% to ₹19 crore as against ₹15 crore in the same period last year. Operationally, ixigo reported strong performance…
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Crude oil prices upsurge on spot demand
18 Jul

Crude oil prices upsurge on spot demand

editorBusiness, News
New Delhi, Crude oil prices rose by Rs 76 to Rs 5,868 per barrel in futures trade on Friday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 76 or 1.31 percent to Rs 5,868 per barrel in a business of 11,533 lots. Analysts said crude oil prices rose in futures trade as participants increased their deals. Globally, West Texas Intermediate crude was trading 0.80 percent higher at $68.08 per barrel, while Brent crude rose 0.65 percent to $69.97 per…
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Tech Mahindra Q1 results: Consolidated net profit upgrade 34% y-o-y to ₹1,141 crore; revenue up 2.7%
17 Jul

Tech Mahindra Q1 results: Consolidated net profit upgrade 34% y-o-y to ₹1,141 crore; revenue up 2.7%

editorBusiness, News
Tech Mahindra on Wednesday, July 16 announced that its consolidated net profit rose 34% y-o-y to ₹1,140.6 crore in Q1 FY26 from ₹851.5 crore in the same period last year. The Pune-based company's operating revenue stood at ₹13,351 crore in the quarter under review, up 2.7% y-o-y to ₹11,263.7 crore from ₹13,005 crore in the June quarter of FY25. In Q1 FY26, Tech Mahindra generated revenues of ₹11,263.7 crore from its IT segment, up 3.55% from ₹10,878 crore in the same period last year. However, revenues from its business process services (BPS) declined 1.88% to ₹2,087.5 crore from ₹2,127.5 crore…
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Ashok Leyland shares downgrade after 1:1 ex-bonus issue
16 Jul

Ashok Leyland shares downgrade after 1:1 ex-bonus issue

editorBusiness, News
Shares of Chennai-based commercial vehicle maker Ashok Leyland fell by 2.11% to a low of ₹122.80 on the BSE. Ashok Leyland shares also fell by 2.15% to a low of ₹122.70 on the National Stock Exchange. The stock began trading at 1:1 ex-bonus issue rate from Wednesday, July 16. Ashok Leyland's board had announced the bonus issue of shares while announcing its fourth quarter results on May 23. The company had reported a net profit of ₹1,246 crore in the January-March quarter, up 38% from ₹900 crore in the same period last year. Ashok Leyland's operating revenue grew 6% to…
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HCLTech’s Q1 profit downturn, revenue rises
15 Jul

HCLTech’s Q1 profit downturn, revenue rises

editorBusiness, News
New Delhi, HCLTech on Monday said its consolidated net profit declined 9.7 percent to Rs 3,843 crore in the April-June quarter of the current fiscal. The IT services company has projected revenue growth of 3-5 percent for FY26. According to regulatory filings, HCLTech had reported a net profit (attributable to the company's owners) of Rs 4,257 crore in the same period a year ago. Revenue from operations grew 8.1 percent to Rs 30,349 crore in the quarter under review, as against Rs 28,057 crore in the first quarter of FY25. Sequentially, profit declined 10.7 percent, while revenue grew marginally by…
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India’s retail inflation downgrade to 2.1% in June, the lowest since January 2019
14 Jul

India’s retail inflation downgrade to 2.1% in June, the lowest since January 2019

editorBusiness, News
India's retail inflation fell to 2.10% in June, the lowest year-on-year rise in consumer prices since January 2019, according to official data on Monday. Core inflation, measured by the all-India Consumer Price Index (CPI), recorded a sharp fall of 72 basis points from May's 2.82%. This fall marks the longest period in nearly six years when inflation has remained below the Reserve Bank of India's medium-term target of 4%. The central bank has not allowed inflation to rise below 2% or above 6% for three consecutive quarters. Food inflation has slipped into negative territory, with the Consumer Food Price Index…
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Luxury home sales upgrade in Delhi-NCR
12 Jul

Luxury home sales upgrade in Delhi-NCR

editorBusiness, News
New Delhi, According to a report by CBRE and Assocham, 3,960 luxury homes were sold in Delhi-NCR during the January-June period, each priced at Rs 6 crore or more, a more than three-fold increase on a year-on-year basis. 1,280 units were sold in Delhi-NCR in the same period a year ago. "The luxury housing segment recorded an 85 per cent year-on-year growth in sales in January-June 2025, with nearly 7,000 units sold across the top seven cities," the report said. In Mumbai and Delhi-NCR, the consultant has considered homes priced at Rs 6 crore or more as the luxury segment.…
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Aluminium futures prices upgrade on new deals
11 Jul

Aluminium futures prices upgrade on new deals

editorBusiness, News
New Delhi, Aluminium prices rose marginally to Rs 250.90 per kg in futures trade on Friday as speculators created new deals amid positive trend in the spot market. At the Multi Commodity Exchange, the price of aluminium contract for August delivery rose 5 paise or 0.02 per cent to Rs 250.90 per kg in a business turnover of 1,202 lots. Analysts said buying of new deals by traders amid demand from consumer industries supported aluminium prices in the futures market.
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TCS Q1 earnings: Net profit upgrade 6%, revenue up 1.3%; company announces ₹11 per share dividend
10 Jul

TCS Q1 earnings: Net profit upgrade 6%, revenue up 1.3%; company announces ₹11 per share dividend

editorBusiness, News
The country's largest information technology company, Tata Consultancy Services (TCS), on Thursday, July 10, reported a net profit of ₹12,760 crore in the first quarter of the current financial year, up 6% from ₹12,040 crore in the same period last year. On a sequential basis, TCS' net profit rose 4.38% from ₹12,224 crore. The profit figures were better than HSBC estimates as analysts at HSBC expected the country's third-largest company by market capitalisation to report a net profit of ₹11,925 crore. Its operating revenue rose 1.3% to ₹63,437 crore as against ₹62,613 crore in the same period a year ago.…
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Union Bank of India shares downturn 6% as lender sees weakest loan growth in four quarters
09 Jul

Union Bank of India shares downturn 6% as lender sees weakest loan growth in four quarters

editorBusiness, News
Shares of Union Bank of India fell nearly 6% to a low of ₹141.54 per share after the state-run bank shared its business updates for the April-June quarter of FY2025-26. The bank has witnessed the lowest loan growth in four quarters. The total global business of this public sector bank stood at ₹22.14 lakh crore, up 5.01% to ₹22.14 lakh crore from ₹22.08 lakh crore in Q1 FY2024. Sequentially, it has witnessed a decline of 1.80%. On the deposit front, the total global deposits of Union Bank grew 3.63% year-on-year to ₹12.39 lakh crore in Q1 FY2026. However, it declined…
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