Realty firm Unitech Ltd reported a consolidated net loss of Rs 441 crore for the quarter ended March 2026, compared to a net loss of Rs 309.95 crore in the year-ago period. The company faces a cash crunch and delays in housing projects, affecting around 22,000 customers.
IndiGo, India's largest airline, reported a net loss of Rs 2,536.9 crore in the March quarter of fiscal year 2025-26, primarily attributed to a significant foreign exchange loss of approximately Rs 8,100 crore, the impact of December flight disruptions, and expenses related to new labour laws.
Tata Sons' unlisted ventures, including Air India, Tata Digital, and Tata Electronics, reported combined net losses of approximately 25,568.8 crore in FY25, a 58.3 per cent increase from the previous year, despite Tata Sons itself remaining profitable for over a decade.
Debt-ridden telecom operator Vodafone Idea on Monday said its consolidated net loss narrowed to Rs 5,524 crore in the second quarter ended September compared to the year-ago period, mainly on account of savings in finance cost on debt from banks and an increase in average revenue per user supported by a tariff hike.
Tata Motors, which now houses the company's commercial vehicle business, on Thursday reported a consolidated net loss of Rs 867 crore in the September quarter, impacted by mark-to-market losses of Rs 2,026 crore on account of investment in Tata Capital.
India's Unity Cup campaign concluded with a 1-0 defeat against Zimbabwe in the third-place play-off, with Prince Dube's first-half penalty proving decisive.
Tata Steel reported a significant 124.9 per cent year-on-year increase in consolidated net profit to 2,925.74 crore for the fourth quarter of FY26, driven by higher volumes and an improved product mix in India, alongside planned cost reductions across its global operations.
The Reserve Bank of India (RBI) reported a significant 52 per cent year-on-year increase in gains from foreign exchange transactions, reaching 1.69 trillion in FY26. This surge occurred despite the central bank selling a gross $195 billion in the spot market to manage rupee volatility, which saw a 9.85 per cent depreciation.
India's Uber Cup campaign concluded with a 0-5 defeat to China, despite a promising start from PV Sindhu. The Indian team struggled to capitalise on opportunities against the formidable Chinese side.
The Indian men's football team experienced a disappointing debut in the Unity Cup, losing 2-0 to Jamaica in the semi-finals held in London.
The Reserve Bank of India (RBI) net-bought $7.4 billion from the spot foreign exchange market in February, its highest buy since March 2025, before heavily intervening by selling dollars in March as the rupee declined over 4 per cent following a spike in crude oil prices.
India's Uber Cup campaign ended with a 0-5 defeat to China, despite a strong start from PV Sindhu. The Indian team struggled to capitalise on opportunities against the formidable Chinese side.
Indian equity markets, including the Sensex and Nifty, experienced a significant downturn for the second consecutive day, driven by escalating geopolitical tensions in West Asia and persistent foreign fund outflows.
ICICI Bank reported a 9.28 per cent increase in its consolidated net profit to Rs 14,755 crore for the March quarter of FY26, primarily driven by a nearly 90 per cent reduction in provisioning. The bank's executive director, Sandeep Batra, noted strong asset growth but expressed caution regarding the geopolitical situation in West Asia.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are reportedly incurring losses of Rs 18 per litre on petrol and Rs 35 per litre on diesel, as they continue to absorb rising crude oil costs without increasing retail prices. This situation is leading to expectations of a fuel price hike after upcoming state elections.
Indian banks are urging the Reserve Bank of India (RBI) to reconsider its new $100 million cap on net open foreign-exchange positions, warning that the directive could lead to significant mark-to-market (MTM) losses and force an accelerated unwinding of trades, potentially impacting FY26 earnings.
Ayush Shetty of India won a silver medal at the Badminton Asia Championships after losing to China's Shi Yu Qi in the final. Despite the loss, it was a successful tournament for the young player, who defeated several top-ranked opponents.
Air India has temporarily reduced its domestic flights by 22 per cent due to the impact of high fuel prices, following a previous reduction in international flights. The airline is offering re-accommodation, date changes, or refunds to affected passengers.
Piramal Pharma anticipates a significant turnaround in financial year 2026-27 (FY27), projecting early-to-mid teens revenue expansion and a sharp improvement in profitability, driven by improved business momentum, new product acquisitions, and structural tailwinds.
State-run Bharat Petroleum Corporation Ltd (BPCL) plans a significant capital expenditure of 25,000 crore for the financial year 2026-27, primarily for ongoing expansion projects. The company also stated that the recent 4-per-litre price hike in petrol and diesel has provided some financial relief amidst volatile crude oil prices and mounting losses.
Indian companies recorded their highest profit margins in 21 quarters during Q4FY26, reaching 11.3 per cent, primarily due to significant savings from lower employee costs and reduced interest payments, which offset rising raw material prices.
IT major HCLTech reported a 4.20 per cent year-on-year rise in consolidated net profit to Rs 4,488 crore for the January-March quarter of FY26, but projected a modest 1-4 per cent revenue growth for FY27, citing market volatility and reduced discretionary spending.
PV Sindhu exited the Singapore Open after losing to An Se Young, while Satwiksairaj Rankireddy and Chirag Shetty progressed to the semi-finals.
Akasa Air's standalone net loss rose 18.7 per cent year-on-year (Y-o-Y) to roughly Rs 1,983 crore in 2024-25 (FY25), driven by rising employee costs, aircraft maintenance and airport charges, and a sharp increase in foreign exchange (forex) expenses, sources privy to the development told Business Standard.
Analysts say long-term investors may still benefit, but recommend limiting bullion exposure to around 10 per cent.
PV Sindhu's campaign at the Singapore Open Super 750 badminton tournament ended in the quarterfinals with a loss to world No. 1 An Se Young. Despite showing glimpses of her attacking prowess, Sindhu couldn't maintain consistency against An's superior control and movement.
Royal Challengers Bengaluru opening batter Phil Salt is expected to return to India later this week after recovering from a finger injury that sidelined him for a month during the ongoing Indian Premier League (IPL) 2026 season.
Net investments into equity mutual fund schemes in India remained elevated at approximately 38,440 crore in April, despite a slight dip from March's high and a 3% month-on-month decline in Systematic Investment Plan (SIP) inflows.
Pharmaceutical major Cipla reported a 3 per cent year-on-year decline in March quarter revenue to Rs 6,541 crore, with net profit falling 55 per cent to Rs 554.6 crore, missing consensus estimates. Despite strong growth in India and Africa, a significant decline in North American sales impacted overall performance, with the company now focusing on new product launches and regulatory filings to drive future gains.
After 70 matches packed with collapses, comebacks and last-over drama, Royal Challengers Bengaluru, Gujarat Titans, Sunrisers Hyderabad and Rajasthan Royals have survived the grind to storm into the IPL 2026 playoffs.
Indian benchmark indices, Sensex and Nifty, closed marginally higher after a volatile trading session, driven by value buying in IT and select blue-chip counters, despite global crude price hikes and a weak rupee.
PV Sindhu exited the Singapore Open after losing to An Se Young, while Satwiksairaj Rankireddy and Chirag Shetty progressed to the semifinals.
India rebounded from a loss to Thailand with a dominant 3-0 victory over New Zealand in the Billie Jean King Cup, showcasing strong performances from Vaishnavi Adkar and Sahaja Yamalapalli.
Chennai Super Kings bowling coach Eric Simons said Mahendra Singh Dhoni alone will decide on his comeback, stressing that the veteran wicketkeeper-batter would only return if he feels fully fit and ready to contribute to the team.
Harry Maguire was left shocked after being omitted from England's World Cup squad by Thomas Tuchel, while Phil Foden and Cole Palmer were also reportedly dropped ahead of Friday's announcement.
Sunrisers Hyderabad defeated Royal Challengers Bengaluru by 55 runs, but RCB secured the top spot in the IPL standings due to their net run rate. SRH posted a formidable 255/4, while RCB reached their target of 166 to ensure a top-two finish.
Indian equity benchmark indices Sensex and Nifty tumbled over 1 per cent for the third consecutive day, driven by a sharp rally in crude oil prices, massive selling in IT stocks, and unabated foreign fund outflows amid ongoing geopolitical tensions in the Middle East.
Vinesh Phogat was knocked out of the Asian Games selection trials in Delhi on Saturday after losing to Meenakshi Goyat 4-6 in a tense semi-final bout of the women's 53kg event.
Gujarat Titans, eyeing a top-two finish in the IPL, face Chennai Super Kings, who are struggling to stay in playoff contention. Shubman Gill's form and Rashid Khan's spin will be key for GT, while CSK need their top order to fire to overcome injuries and inconsistent bowling.
Vinesh Phogat's hopes of competing in the Asian Games were dashed after a defeat in the selection trials. Despite a strong start to the trials, Phogat lost to Meenakshi Goyat, ending her chances of securing a spot at the prestigious event.
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