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Shares of Blue Dart Express surged 6.77% to Rs 5,509.50 in Monday’s trading session after the logistics major reported a strong Q1FY27 performance. Brokerage firm Nuvama retained its ‘Buy’ rating on the stock, citing strong execution and growth prospects. The company’s consolidated net profit jumped 79.6% year-on-year (YoY) to Rs 88 crore in Q1FY27, compared…
The shares of GAIL India tumbled 5% on Monday even after the Maharatna PSU reported a consolidated net profit of Rs 4,665 crore for the first quarter of FY27, nearly doubling from Rs 2,369 crore reported in the same period last year. Sequentially, the surge in profit was even sharper, rising more than 214% quarter-on-quarter…
The attention reflects the US dollar’s central role in the global financial system. As the world’s most widely used currency for trade, commerce and central bank reserves, movements in US interest rates ripple across global markets. Those effects eventually reach India, influencing the rupee, stock and bond markets, borrowing costs and, ultimately, your investments and…
The shares of Bajaj Finserv gained 2.5% to Rs 2,078 on the BSE on Monday as brokerages upgraded their rating and raised target prices for the stock after the company reported a 12% YoY rise in net profit to Rs 3,123 crore for the April-June quarter of the ongoing financial year 2027. Bajaj Finserv’s revenue…
Shares of ITC gained 2% to Rs 288.40 on the BSE after the FMCG major reported a 27% year-on-year (YoY) decline in standalone net profit for the April-June quarter of FY27. Profit stood at Rs 3,579 crore, compared with Rs 4,911 crore in the corresponding quarter last year. Revenue, however, remained strong, rising 28% YoY…
Shares of Urban Company surged 15% to Rs 148 on the BSE on Monday even after the company reported a consolidated net loss of Rs 92 crore for Q1 FY27, meanwhile, revenue from operations jumped 44% year-on-year to Rs 528 crore. Despite the sharp loss, Motilal Oswal retained its ‘Neutral’ rating on the stock while…
Gold and silver prices: The price of the yellow metal in India’s retail market rose on Monday, 3 August, after US President Donald Trump called off planned strikes on Iran, amid hopes of fresh talks between the US and Iran. Trump on Sunday said negotiations with Iran will begin today after he held off on…
The 8th Pay Commission today, 3 August, marked nine months since its constitution on 3 November 2025. Headed by Justice Ranjana Prakash Desai, as the Chairperson, the Commission has now completed half of its allocated 18-month term. It will submit final recommendations on salaries, fitment factor, allowances and pension reforms to the central government. Over…
Taxpayers who filed their Income Tax Returns (ITRs) for the assessment year 2026‑27 before the 31 July deadline but later spotted an error or omission still have an opportunity to correct it. Although the 31 July deadline has passed, the Income Tax Act, 1961, permits eligible taxpayers to revise their returns if certain conditions are…
A redevelopment firm’s provision of ₹8 crore towards compensation payable to tenants cannot be disallowed merely because the amount had not been paid or finalised, the Income Tax Appellate Tribunal (ITAT), Mumbai, has ruled. The tribunal held that the liability was an accrued business obligation arising from a redevelopment agreement and not a contingent liability,…