Author: Abizar Attari
News Editor

Mumbai, August 6: Biopharmaceuticals major Biocon’s shares have risen more than 3% in early morning trades on Thursday, August 6, after it recorded a sharp 349% year on year rise in net profit to ₹141 crore for Q1 FY27, from ₹31.4 crore recorded last year. This rise has been attributed to strong execution in its biosimilars and generic segments, with its operating revenue expanding 10% YoY to ₹4,336 crore.  Improved profitability has helped the company’s Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) to rise 10.6% to ₹847.2 crore from ₹766.1 crore during the same period last year, while its…

Mumbai, August 5: Berger Paints India Ltd, India’s second largest paints manufacturer, has reported a 27% year on year rise in net profit to ₹400 crore for the quarter ended June 30, 2026. Following the news, shares rose 1.54% on Wednesday as the markets reacted positively to the news.  Berger has managed to expand its EBITDA 26.1% to ₹607.5 crore YoY, with a margin expansion to 17% as against 16.8% last year. This has come at a time when raw material inflation has affected the sector, even as the cost of materials has jumped 28.9% to ₹1,916.95 crore so far,…

New Delhi, August 5: The Reserve Bank of India (RBI) headed by Governor Sanjay Malhotra, has unanimously voted to keep the repo rate unchanged at 5.25% at its Monetary Policy Committee (MPC meeting in New Delhi. This has been done to allow tactical flexibility to respond to inflation risks as inflation has reached 4.38% in June, breaching the 4% target set by the RBI for the first time in 17 months.  https://www.youtube.com/watch?v=7yjcgV5Nrzo Besides this, the RBI has retained the bank rate and the Marginal Standing Facility (MSF) for the banks at 5.50% as the RBI braces for stronger CPI inflation…

New Delhi, 5th Aug 2026: C.E. Info Systems Ltd. (“MapmyIndia”), India’s leading deep-tech digital map data, geospatial software and location-based IoT products, platforms, APIs and solutions company, announced today its financial results for the First Quarter of FY2027 ended June 30th 2026. Key Financial Highlights for Q1 of FY2027 Particulars (Rs Cr) Q1 FY27 Q1 FY26 YoY Growth FY26 Revenue from Operations  139.7 121.6 14.9% 474.1 Total Income 159.4 135.3 17.8% 526.5 EBITDA 56.1 55.9 0.4% 175.5 EBITDA Margin 40.2% 45.9%   37% PAT 49.7 45.8 8.6% 134 PAT Margin 31.2% 33.9%   25.5% Cash & Cash Equivalents including financial…

Mumbai: Kolkata-based automated parking solutions provider LT Elevator’s shares are in focus today as it has signed a Share Purchase Agreement to acquire 66.45% in Seoul-based DYPC Inc. for USD 2.85/share. This cross-border acquisition marks LT Elevator’s transition into an IP and technology owner in the automated mechanical car parking systems and smart mobility segment.  With this, LT Elevator is expecting a revenue contribution of ₹30 crore for the rest of the year, with an initial US market entry order valued at ₹8 crore.  Following the transaction, DYPC will become direct subsidiary of LT Elevator, subject to the approvals from…

New Delhi: Pan-India Real estate major Godrej Properties Limited has seen its net profit fall 42% year on year to ₹349.38 crore as the company struggles with lower revenue recognition. Despite that, the company has witnessed strong sales bookings, which have grown 22% YoY to ₹8,651 crore on consistent housing demand. In total, the company sold 6.2 million sq ft across 3,738 residential units. For the year, the company is now looking to achieve sales bookings of ₹39,000 crore, as it aims to become one of the leading real estate developers in the country.  For the quarter, the company has…

Mumbai: Digital Public Infrastructure player Protean eGov Technologies has reported mixed financial results for the quarter ended June 30, 2026. The company has witnessed stronger revenues from its operations, with revenues reaching ₹251 crore from ₹211 crore, a 19% year-on-year rise indicating a strong topline, while its net profit has declined to ₹6 crore during the quarter from ₹24 crore last year, a 75% drop due to operational challenges.  With this, the company’s EBITDA stood at ₹28 crore this time from ₹45 crore last year, a 38% YoY decline, with a 10% EBITDA margin. The company faced challenges with cost…

With global demand for AI skyrocketing, tech titans working to meet the demand are making hay when the sun shines, with the AI boom showing no signs of stopping. Many of these companies, involved in creating the hardware, software and the entire ecosystem to make AI possible, have reached trillion-dollar valuations, with their market cap set to increase further. These 9 companies have been at the center of the AI revolution, becoming integral to expanding AI infrastructure worldwide. Nvidia Current valuation: USD 4.86 trillion​ How did it reach here? Nvidia became the world’s most valuable company by pioneering the ‘brain’…

Bengaluru: Ather Energy’s shares have surged 15% in early morning trades on August 4, as the company witnessed an 88% rise in operational revenues to Rs.1,216 crores for the quarter ended June 30, 2026. With this, the company saw its net losses narrow to Rs.51.09 crores, a 71% decrease from last year. The EV maker has significantly improved its EBITDA, from a loss of Rs.106 crore to a consolidated EBITDA of Rs.9 crore in Q1FY27, with its dispatches growing 81% to 83,173 units during the quarter. The company is looking to ramp up its manufacturing capacity to 42,000 units within…

Mumbai: Shares of Life Insurance Corporation of India (LIC) dropped more than 6% in early trades on Tuesday, August 4, 2026, after the government’s Offer for Sale (OFS) to sell up to a 6.5% stake opened. The floor price for the transaction has been set at ₹382 per share, representing a discount of roughly 11% to its closing price on Monday, August 3. The first day of the OFS is reserved for institutional investors with retail investor participation to commence on August 5. Offer for Sale in LIC opens tomorrow for Non-Retail investors. Retail investors can bid on Wednesday. Government…