Pharma major Dr Reddy's Laboratories (DRL) reported a 14 per cent year-on-year (Y-o-Y) drop in consolidated net profit to Rs 1,210 crore in the December quarter of FY 2025-26 (Q3FY26) on low sales of cancer drug Lenalidomide in the North American market. The firm's revenue from operations grew to Rs 8,727 crore in Q3FY26, a 4.4 per cent Y-o-Y increase from Rs 8,357 crore recorded for the same quarter last year.
'This Budget has a one-year agenda, which you can call the sprint, and the marathon is towards Viksit Bharat.'
Investors have put money in Ambuja Cements shares as the cement major has moved to consolidate its operations. The Adani Group company has proposed to merge its subsidiaries ACC and Orient Cement into the parent entity.
Public sector banks' (PSBs') employee count grew for the first time in five years while private sector banks' staff strength saw a decline in 2024-25 (FY25), according to latest data released by the Reserve Bank of India (RBI). The employee count of state-owned lenders rose 0.22 per cent year-on-year (Y-o-Y) to 757,641 at the end of March 31, 2025 from 756,015 in FY24.
A struggling, but promising South African unit will be aiming to avenge the heartbreak of 2024 by securing the grandest prize in T20I cricket on Indian soil, with the Proteas' 'Gen-Next' of Dewald Brevis, Ryan Rickelton, Tristan Stubbs and Kwena Maphaka in the spotlight.
'For the first time in a hundred years, the army has been taken out of the political equation. And for the first time ever, there is only one man who calls the shots. Not even Mao had this kind of power.'
As India's biggest Unified Payments Interface (UPI) app PhonePe prepares to list, the updated draft red herring prospectus (DRHP) shows the impact of regulations on the business, and concentration of payments-linked revenue even as UPI lacks MDR (merchant discount rate).
Shares of Dr Reddy's Laboratories jumped 5.3 per cent on Thursday to Rs 1,217 apiece, making it the top gainer in the Nifty 50 and the BSE 100 indices. By comparison, the Nifty 50 was up 0.53 per cent at 25,289.
The Union Budget for 2026-27, presented by Finance Minister (FM) Nirmala Sitharaman on Sunday, which was a first, had an excellent domestic macro backdrop. According to the first advance estimates, gross domestic product (GDP) in constant prices is projected to grow 7.4 per cent in the current financial year, against 6.5 per cent in 2024-25.
Banks are witnessing a surge in hiring for sales staff in secured segments such as home, vehicle and gold loans as compared to the recovery category, driven by a boost in business growth, and a host of regulatory measures aimed at improving ease of doing business, according to industry experts.
Vedanta, a conglomerate in mining and metals, has seen a surge in its share price on the back of multiple triggers. Its demerger appears to be on track, a strong non-ferrous commodity cycle is boosting margins, and silver bulls are interested in Hindustan Zinc, its subsidiary.
Trump's 'Board of Peace' is being projected by Washington, DC as a new international body to usher in peace and stability in Gaza and beyond, triggering speculation that it could throw a challenge to the United Nations.
'A breakout above 158,000 to 160,000 could trigger the next leg higher toward 165,000 to 170,000.'
Sustaining 8 per cent-plus growth rates is necessary if we are to reach high-income status by 2047, points out Amitabh Kant.
The automobile and auto-ancillary sector is expected to show strong Q3FY26 results, aided by festival-led demand, rationalisation in goods and services tax (GST) rates for select categories of vehicles, easing interest rates, and improving rural sentiment.
Mahindra and Mahindra (M&M) recorded the sharpest acceleration among large players, with EV retail jumping to 33,513 units from 7,139 units, an almost 5-fold jump, aided by strong demand for new launches.
The BJP-Shiv Sena alliance has made significant progress in challenging the Thackeray family's control over Mumbai's Brihanmumbai Municipal Corporation (BMC) after nearly 25 years. The results mark a potential shift in Mumbai's civic politics, with the BJP emerging as a central force.
Pangalia, Ambrish help India U19 beat SA U19 in Youth ODI
From the 30-Sensex firms, Adani Ports, HCL Tech, Power Grid, Trent, Bharat Electronics and Bharti Airtel were among the biggest laggards. However, Tata Steel, Asian Paints, Hindustan Unilever, and Eternal were among the gainers.
After two years of strong gains, smallcap stocks fell sharply in 2025, but the correction may be setting up opportunities for long-term investors.
Himanta Biswa pointed out that it was 'too early' for surveys to accurately capture the electoral mood, as several key developments vis-a-vis seat-sharing arrangements among NDA partners are yet to be finalised.
The State Election Commission (SEC) has barred the Maharashtra government from releasing the January instalment of the 'Ladki Bahin' scheme in advance, citing the enforcement of the model code of conduct for municipal elections. The decision follows complaints about the timing of the release, coinciding with upcoming municipal elections.
'Instant home services act as an on-demand household support system, bridging the gap between informal domestic help and structured service platforms,'
The tactical alliance between the Shiv Sena-Uddhav Balasaheb Thackeray and the Maharashtra Navnirman Sena (MNS) may not have aided the Thackeray cousins to win the Brihanmumbai Municipal Corporation, but the pact helped them keep intact their traditional strongholds.
After the last Budget's announcement of a major tax relief for those earning an annual salary of less than Rs 12 lakh, there is not much that individuals can look forward to in the forthcoming Budget, points out A K Bhattacharya.
'We expect modest returns in 2026 versus the steep gains seen over the past few years.'
Eternal, the parent company of Zomato and Blinkit, on Wednesday reported a 72.8 per cent jump in its net profit for the third quarter of financial year 2026 (Q3FY26), on the back of a robust momentum in its quick commerce business. The firm's net profit rose to Rs 102 crore in Q3FY26 against Rs 59 crore it reported during the same period a year ago.
Gold ETFs attracted around Rs 11,700 crore, the highest in a calendar month.
Campaigning for the elections to 29 municipal corporations in Maharashtra has ended, with the battle for Mumbai's BMC taking center stage. Key political players are vying for control, with a focus on Marathi and Hindu voters.
Bajaj Auto is planning a slow, calibrated push to take the Chetak, its electric scooter, to more than 100 countries on the strength of its distributor network and market-specific localisation rather than an aggressive global rollout, reports Sohini Das.
IT services firm HCLTech on Monday reported a 11.2 per cent decline in consolidated net profit to Rs 4,076 crore in the October-December quarter of FY26.
Sun Pharmaceutical Industries on Wednesday posted a 2.56 per cent increase in its consolidated net profit to Rs 3,118 crore for the second quarter ended September 30, aided by robust sales in India and emerging markets. The Mumbai-based drug major reported a net profit of Rs 3,040 crore for the July-September quarter of the last fiscal.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Multi-cornered contests, deep divisions within the Opposition Maha Vikas Aghadi, reflected in the Congress and Shiv Sena-Uddhav Balasaheb Thackeray fighting separately and lack of a robust plan among its rivals helped the Bharatiya Janata Party in Mumbai polls as it looks poised to rule India's richest civic body for the first time.
Macroeconomic data announcements, global trends and trading activity of foreign investors would be major driving factors for market movement this week, analysts said. Unabated capital infusion by domestic institutional investors have supported the positive trend in the stock market last week, traders said.
Network scale seen as central to tapping smaller markets.
Sarfaraz Khan and Siddhesh Lad compiled superlative hundreds to power table-toppers Mumbai to a commanding 332 for 4 on Day 1 of their Ranji Trophy match against hosts Hyderabad on Thursday.
Maharashtra heads to the polls for 29 municipal corporations, with Mumbai's BMC election taking center stage as the BJP-led Mahayuti faces off against the Thackeray front. Key issues include promises for women, pollution control, and the city's financial health.
Hyundai Motor India Ltd on Thursday reported a 14.3 per cent rise in consolidated net profit to Rs 1,572.26 crore in the second quarter ended September 30, 2025.
Ola Electric on Thursday said its automobile business turned profitable in the quarter ended September 2025 with pre-tax earnings growing by 0.3 per cent against a contraction of 5.3 per cent in the preceding three months.
