Business

Shares of state-owned Bharat Heavy Electricals Ltd (BHEL) on Thursday, August 7, fell nearly 7% as the company's June quarter net loss widened due to higher expenses. BHEL on Wednesday reported that its consolidated net loss widened to ₹455.50 crore in the June quarter of FY2025-26 from a net loss of ₹211.40 crore in Q1 FY2025. Total expenses rose to ₹6,279.78 crore in the quarter from ₹5,874.98 crore in the same period a year ago. However, total income rose marginally to ₹5,658.07 crore from ₹5,581.78 crore in the same quarter a year ago. Following the earnings, BHEL shares hit a low of ₹223.79 per share on Thursday. At the time of writing, the stock was trading 6.53% lower at ₹224.17 per share. The public sector company's total order inflow during the quarter stood at ₹13...

New Delhi, Zinc prices on Wednesday rose by 15 paise to Rs 265.20 per kg in futures trade amid strong spot demand. At the Multi Commodity Exchange, the price of zinc contract for August delivery rose by 15 paise, or 0.06 percent, to Rs 265.20 per kg in a business turnover of 3,118 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a rise in demand from consumer industries, market sources said.

New Delhi, Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported a 6.54 per cent rise in its consolidated net profit to Rs 3,310.60 crore in the June quarter of the current fiscal year on the back of increased income. The company had posted a net profit of Rs 3,107.23 crore in the April-June quarter of FY25, in a regulatory filing. Total income rose to Rs 9,422.18 crore in the quarter under review from Rs 8,054.18 crore in the year-ago quarter. Expenses also rose to Rs 5,731.88 crore during the period from Rs 4,238.94 crore in the year-ago quarter.

New Delhi, Copper futures prices on Monday rose 0.16 per cent to Rs 885.65 per kg on increased spot demand. At the Multi Commodity Exchange, copper contracts for September delivery rose by Rs 1.45, or 0.16 per cent, to Rs 885.65 per kg in a business turnover of 1,206 lots. Analysts attributed the rise in copper prices to higher bets by participants.

India's leading fast-moving consumer goods (FMCG) company, ITC Ltd on Friday, August 1, reported a steady standalone net profit of ₹4,912 crore for the April-June quarter as against ₹4,917 crore in the same period last year. However, the company's operating revenue during the quarter under review grew 20% y-o-y to ₹21,059 crore as against ₹17,593 crore in the same period a year ago. This strong growth in revenue was led by cigarettes, agribusiness and FMCG. ITC reported stable operating performance as its earnings before interest, tax, depreciation and amortization (EBITDA) grew 3% to ₹6,261 crore in Q1 FY26 from ₹6,086 crore in the same quarter last fiscal. In Q1 FY26, EBITDA margin declined to 30% from 34.5% in the same quarter last fiscal. ITC said it delivered strong perfo...

New Delhi, Maruti Suzuki India on Friday reported that total sales in July rose 3 percent year-on-year to 1,80,526 units, led by exports. The leading automaker had sold a total of 1,75,041 vehicles in the same month last year. Total domestic passenger vehicles dispatched to dealers grew marginally as compared to 1,37,463 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars such as Alto and S-Presso declined to 6,822 units from 9,960 units in July 2024. Sales of compact cars including Baleno, Dzire, Ignis and Swift rose to 65,667 units from 58,682 units a year ago. Sales of utility vehicles such as Grand Vitara, Brezza, Ertiga and XL6 stood at 52,773 units last month as against 56,302 units in July last year. Sales o...

New Delhi, Guar gum prices rose by Rs 84 to Rs 9,691 per quintal in futures trade on Thursday as speculators increased their deal size amid strong spot demand. At the National Commodity and Derivatives Exchange, the price of guar gum contract for August delivery rose by Rs 84, or 0.87 per cent, to Rs 9,691 per quintal in a business turnover of 29,185 lots. Analysts said that in view of the strong spot market trend, traders increased their deal size, leading to a rise in guar gum prices.

New Delhi, Shares of Punjab National Bank (PNB) fell over 1 per cent on Wednesday after the bank reported a 48 percent drop in its standalone net profit for the June quarter. The stock closed 1.10 percent lower at Rs 108.10 per share on the BSE. During the day's trade, it fell 1.60 per cent to Rs 107.55 per share. On the NSE, the company's shares fell 1.07 percent to Rs 108.11 per share. Punjab National Bank on Wednesday reported that its standalone net profit for the quarter ended June 30, 2025 fell 48 percent to Rs 1,675 crore due to increased tax expenses. The state-owned bank had reported a net profit of Rs 3,252 crore in the same period a year ago. PNB said in a regulatory filing that its total income rose to Rs 37,232 crore from Rs 32,166 crore in the quarter under re...