Markets

Aramco Profit Jumps 44% as Middle East Tensions Supercharge Global Oil Prices Saudi oil giant Saudi Aramco reported a massive boost in its second-quarter net profit, fueled by persistently high crude oil prices amid the ongoing regional instability in the Middle East. The world's largest oil exporter posted a strong performance, demonstrating resilience and operational continuity despite significant disruptions across crucial energy shipping lanes.Record Profit Achieved Amid Geopolitical Turmoil Aramco announced its earnings for the April-June quarter, revealing a net income of 122.6 billion Saudi riyals (equivalent to $32.7 billion). This figure represents a substantial year-on-year increase compared to the 85 billion riyals reported...

Alembic Pharmaceuticals Releases Q2 FY26 Results: Consolidated and Standalone Performance Details Alembic Pharmaceuticals Limited announced the approval of its Consolidated and Standalone Unaudited Financial Results for the quarter ended June 30, 2026. The results, which were subjected to review by statutory auditors, detail the company's financial status across both levels of reporting as per data presented in their reports dated August 4, 2026.Consolidated Financial Performance (Quarter Ended 30 June 2026) The consolidated results reflected key figures for the quarter ended 30 June 2026 compared against previous periods:ParticularsQuarter Ended 30.06.2026 (Unaudited)31.03.2026 (Audited)30.06.2025 (Unaudited)31.03.2026 (Audited)...

Brand Rate Clarity: Check Major Gold Purity Prices Across Tanishq, Kalyan, and Malabar Amid Price Fluctuations Gold prices saw marginal movements across various leading jewellery brands on Tuesday, August 4, 2026. Consumers looking to purchase gold need to compare rates carefully among major retailers like Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, Joyalukkas, and Indian Bullion and Jewellers Association (IBJA).This report provides a detailed look at the current retail selling prices for various gold purities across these established jewellery markets.Current 22 KT Gold Rates Across Leading Retailers The retail price for 22k gold jewellery remained remarkably consistent across most major showrooms in metropolitan Indian...

Dr. Agarwal's Health Care Limited Reports Strong Q1 FY27 Results, Announces Nigerian Subsidiary Plans and Auditor Appointments Chennai: Dr. Agarwal's Health Care Limited, a major player in India's eye care service industry operating 304 facilities across multiple countries, has announced its unaudited consolidated financial results for the quarter ended June 30, 2026. The company reported robust growth across key metrics, with Revenue from Operations rising by 26.0% year-on-year (YoY) to ₹614 Crores, while Total Income grew by 23.9% YoY reaching ₹620 Crores.The consolidated results demonstrate strong profitability, with EBITDA growing by 25.2% YoY to ₹177 Crores, and Profit after Tax (PAT) increasing by 44.6% YoY to ₹55 Crores...

Morepen Posts Record Q1'FY27 Results; Revenue Jumps 34% as CDMO Mandate Enters Full Commercialization Morepen Laboratories Limited reported exceptionally strong financial results for the quarter ended June 30, 2026, announcing record-high quarterly revenue and earnings. The company’s performance was driven by improved operating leverage, significant growth in exports, and the successful transition of a major CDMO mandate into full commercialization.The consolidated financial outcomes reflect substantial profitability improvements across the board, with EBITDA and PAT showing double-digit growth rates.Key Financial Highlights for Q1'FY27MetricValueYear-on-Year ChangeRevenueRs. 575.31 CrUp 34%EBITDARs. 87.72 CrUp 207%...

Capillary Technologies Releases Q3 Financial Results; Consolidated Profit Suffers Due to Fraud Expense Capillary Technologies India Limited has announced its unaudited financial results for the quarter ended June 30, 2026 (Q3 FY26). The standalone results show profitability, while the consolidated statement reflects a net loss primarily due to an exceptional expense related to a cyber-enabled banking fraud in one of its subsidiaries.The Board of Directors reviewed and approved the unaudited financial results for both the company and its group at its meeting held on August 4, 2026. The trading window for dealing in the securities of Capillary Technologies has been closed as of July 1, 2026, and will reopen after 48 hours from the...

BASF India Approves Closure of Sulfate and Reactor Plants in Dahej Care Chemicals Business BASF India Limited has approved the closure of specific manufacturing units pertaining to its Care Chemicals business at the Dahej facility. The decision was made following a meeting of the Board of Directors, held on August 4, 2026.The plants targeted for closure include the sulfation and low temperature reactor plants within the Company's Care Chemicals operations in Dahej. The closure move is attributed to the changing competitive landscape in India, which has resulted in extensive overcapacities, high costs, and margin pressure across relevant segments.The company stated that these facilities of the Care Chemicals business are expected to...

BASF India Limited Acquires Stake in Clean Max Galapagos for Renewable Power Procurement BASF India Limited has approved the acquisition of a significant stake in Clean Max Galapagos Private Limited, aiming to secure renewable power supply for its manufacturing operations in Navi Mumbai. The move is part of the company's strategy to utilize a Group Captive Power Generation Mechanism while adhering to state energy policies.The Board of Directors at BASF India conducted the approval meeting on August 4, 2026. During this meeting, the acquisition of a 14.18% stake in the equity share capital of Clean Max Galapagos Private Limited was approved. This entity is incorporated by Clean Max Enviro Energy Solutions Limited, identified as 'the...

Patel Retail Limited Expands Indian Chaska Distribution Footprint with Entry into Madhya Pradesh Patel Retail Limited, a diversified retail and food processing company, has announced the expansion of its "Indian Chaska" distribution network, marking the brand’s entry into Madhya Pradesh. This strategic addition increases the reach of the flagship brand across 8 States and 1 Union Territory, strengthening the company's domestic market presence.The move signifies a major step in Patel Retail's commitment to building a robust pan-India distribution ecosystem for Indian Chaska. The company anticipates that this expansion will enhance brand visibility, improve product availability, drive deeper market penetration in high-potential regional...

BASF India Reports Strong Profit in Q1 FY26, Driven by Core Operations and Divestiture Gain BASF India Limited has released its Unaudited Financial Results for the quarter ended June 30, 2026. The company reported robust performance across both standalone and consolidated results, with the sale of a subsidiary contributing significantly to the quarterly profits.In the quarter ending June 30, 2026, BASF India recorded a Total Revenue of Rs. 48,374.4 million in its standalone operations. The company reported an overall Profit for the period of Rs. 3,620.5 million.On a consolidated basis, BASF India reported total revenue of Rs. 49,979.0 million and recorded a Profit for the period of Rs. 3,661.8 million. These results reflect the...

Indian Metals & Ferro Alloys Reports Record Performance in Q1 FY27; Highlights Expansion and Diversification Efforts Indian Metals & Ferro Alloys Limited (IMFA), a leading ferro chrome producer, announced robust financial results for the quarter ending June 30, 2026. The company reported record revenue growth driven by higher production volumes and stable pricing, signaling strong resilience and a positive trajectory amidst its ongoing expansion initiatives.The operational performance in Q1 FY27 saw significant increases across key metrics, reflecting the combined effect of increased capacity utilization and strategic expansions at various units.Key Financial Highlights IMFA witnessed substantial growth in profitability during the...

Belrise Industries Acquires Hyva India's Tipper Body Business in Strategic Move Belrise Industries Limited has acquired the Tipper Body Business of Hyva India Private Limited, a subsidiary of JOST Werke SE. The acquisition marks a strategic expansion for Belrise, strengthening its position as a Tier-0.5 supplier within the commercial vehicle ecosystem.The transaction was completed via a Business Transfer Agreement (BTA). The purchase consideration amounted to approximately USD 5.65 million. This deal is valued at an Enterprise Value (EV) to Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) multiple of approximately 3.60x.Hyva India's Tipper Body Business specializes in the manufacture of tipping solutions for...

Capillary Technologies Reports Strong Q1 FY2027 Results with 43% Revenue Growth and Improved Profitability Bangalore, August 04, 2026: Capillary Technologies India Limited, a software product company offering artificial intelligence (AI)-powered cloud-native Software-as-a-Service (SaaS) products to global enterprise customers, today announced its financial results for the first quarter ended June 30, 2026.The company reported robust revenue growth of 43% year-on-year for Q1 FY2027. This expansion was driven by a healthy increase in the existing customer base, contributions from new annual contracts, and the integration of SessionM, which Capillary acquired in May 2026.Capillary also noted significant improvements in its...

Institutional Investors Drive 55% Spike in LIC OFS: What the Subscribed Market Signals The non-retail portion of the Life Insurance Corporation of India's (LIC) Offer for Sale (OFS) has witnessed a robust initial response, achieving a subscription rate of 55.10% as of midday Tuesday on the BSE. This strong interest was reflected as institutional buyers bid for 15.68 crore shares against the allocation reserved for the non-retail category during the first day of bidding.The Government of India has initiated this strategic divestment plan to increase public shareholding in the crucial financial entity. The retail segment of the OFS is scheduled to open on Wednesday, August 5th, following the institutional segment's conclusion...

Emami Reports Q2 FY26 Unaudited Financial Results; Details of Acquisitions and Operational Segment Revealed Emami Limited has released its unaudited financial results for the second quarter ending June 30, 2026, covering both consolidated and standalone performance. The results detail various operational activities across the group's subsidiaries and associates as of the end of the quarter.The company provided comprehensive details on its financial performance alongside management updates concerning strategic acquisitions and resource utilization within the fiscal year.Consolidated Financial Performance Overview The unaudited consolidated financial results for the quarter ending June 30, 2026, included multiple subsidiaries and...

Greaves Cotton Limited Announces Q1 FY2026 Financial Results; Highlights Include Segmental Revenue and New Investments Greaves Cotton Limited released its Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2026. The Board of Directors considered and approved the financial results following a review by Price Waterhouse Chartered Accountants LLP.The company reported various operational updates during the quarter, including investments in wholly-owned subsidiaries, participation in a rights issue of a subsidiary, and the incorporation of a new international entity.Q1 FY2026 Financial Performance Summary The Standalone Results for the quarter ended June 30, 2026, show key figures across various...

Indian Metals & Ferro Alloys Approves Q2 Results, Restructures Committees, Announces Renewable Power Agreement Indian Metals & Ferro Alloys Limited has approved its unaudited financial results for the quarter ended June 30, 2026, and announced significant changes in committee composition and key personnel appointments. The Board of Directors held a meeting on August 4, 2026, during which various operational and governance matters were addressed.The company also finalized a definitive agreement to procure renewable power under a captive consumption arrangement, agreeing to acquire equity interest for an aggregate consideration of 7110.18 crore, payable in tranches up to June 2027.Governance and Committee Reconstitution The Board...

Belrise Industries Acquires India Tipper Body Business from Hyva in Slump Sale Deal Belrise Industries Limited has successfully acquired the India Tipper Body business of Hyva (India) Pvt. Ltd. through a slump sale, aiming to expand its presence within the commercial vehicle segment and diversify its product portfolio.The acquisition was formalized via a Business Transfer Agreement (BTA). Belrise Industries Limited purchased the specialized business from Hyva, which is a subsidiary of JOST Werke SE. The transaction was executed with a consideration of USD 5.65 million, which is approximately INR 543.88 million.The purchase aims to leverage synergies in fabrication, engineering, procurement, and manufacturing capabilities for Belrise...

Morepen Laboratories Announces Quarterly Results and Key Board Decisions Morepen Laboratories Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors held a meeting on August 4, 2026, where key operational and corporate governance decisions were approved.The Board meeting included the consideration and approval of the consolidated and standalone financial outcomes for the recent quarter, as well as setting the stage for upcoming shareholder meetings.Financial Performance Snapshot (Quarter Ended June 30, 2026) The company reported strong performance across both its consolidated and standalone operations. A summary of the key financial metrics is provided below...

Tax Notice Due to CA Mistake? ITAT Ruling Offers Relief, But Experts Warn Taxpayers Must Still Take Responsibility A landmark ruling from the Income Tax Appellate Tribunal (ITAT) in Chennai provides a crucial lifeline to taxpayers facing penalties due to errors made by their tax consultants. The tribunal set aside a penalty of Rs 1.92 lakh imposed on an elderly taxpayer, finding that the mistakes in her income tax return (ITR) were inadvertent rather than a deliberate attempt at misreporting or concealing income.This ruling brings renewed focus to a critical question for Indian taxpayers: if the cause of a tax notice is an error by a professional advisor, who ultimately bears the legal liability?Understanding the ITAT Ruling and...