Category: Business News & Economy

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Indian markets rebounded over 1% on strong earnings and IT buying, with Nifty closing at 24,250. Analysts recommended Lloyds Metals and Ashapura Minechem, citing bullish technical breakouts, strong momentum, rising volumes and sustained strength above key moving averages ahead of the US Fed decision.

In FY26, Amazon Web Services India experienced a remarkable increase in its consolidated net profit, soaring over tenfold to reach Rs 242.8 crore, while consolidated revenue from operations also experienced a growth of about 21 percent, hitting Rs 20,225.6 crore. However, the standalone net profit faced a downturn of approximately 14 percent, despite a standalone…

Major stock indexes on Wall Street opened lower on Wednesday. Investors awaited the Federal Reserve’s monetary policy decision amid Middle East tensions. Chip stocks also faced pressure ahead of Big Tech earnings later this week. The Dow Jones Industrial Average fell 73.1 points at the open. The S&P 500 and Nasdaq Composite also saw declines.

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Vedanta Power has posted a standalone loss of Rs 449 crore for the June quarter, albeit with total income rising to Rs 1,844 crore in the first fiscal quarter. Power sales saw a significant boost of 38 percent year-on-year, attributed to improved generation from essential assets. The company envisions expanding its capacity to 20 GW…

Eicher Motors has announced an impressive 21.4 percent rise in profits for the first quarter. Royal Enfield has set a new benchmark with its highest quarterly sales volume to date. The company is also investing Rs 1,225 crore in a new greenfield facility in Andhra Pradesh, aimed at significantly boosting motorcycle production capacity. Additionally, VE…

Waaree Energies has reported a profit increase of 15.39 percent for the June quarter, fueled by higher revenues that bolstered its financial performance. Notably, the company boasts a record order book of around Rs 61,500 crore. Additionally, module production experienced a remarkable year-on-year rise of 41.51 percent, while emerging business ventures are now making a…

Vedanta Iron and Steel Ltd posted a Rs 122 crore net profit for the June quarter. This marks a significant turnaround from the Rs 142 crore net loss incurred last year. The company’s revenue from operations increased to Rs 3,662 crore during this period. These earnings represent the first results after its demerger from Vedanta…

Cognizant Technology has revised its third-quarter revenue projections, now falling short of Wall Street’s expectations. The cautious stance of clients regarding discretionary IT expenditures and significant investments is evident. With AI adoption gaining momentum, enterprises are focusing more on data center infrastructures than software. The company anticipates its annual revenue will land between $22.04 billion…