Category: Business

Business

Ashok Leyland posts record Q1 earnings but higher costs squeeze margins

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Ashok Leyland posts record Q1 earnings but higher costs squeeze margins

Ashok Leyland reported record revenue and profit for the June-ended quarter with revenue from operations rising 10% year-on-year to ₹9,634 crore and net profit climbing 3% to ₹609 crore. However, higher commodity costs weighed on profitability, pulling the EBITDA margin down to 10.1% from 11.1% a year earlier despite record first-quarter commercial vehicle sales. On…

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Business

SRTT ban may delay Tata selection committee formation

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SRTT ban may delay Tata selection committee formation

A view of Tata Group headquarters Bombay House, near Hutatma Chowk, in Mumbai | Photo Credit: The Hindu The formation of the selection committee by Tata Trusts to choose the next chairman is likely to be delayed due to restrictions imposed by the Maharashtra Charity Commissioner on Sir Ratan Tata Trust (SRTT), which has been…

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Business

CAG finds 89% of audited railway stations deficient in basic amenities

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CAG finds 89% of audited railway stations deficient in basic amenities

An audit of passenger amenities and sanitation by the Comptroller and Auditor General (CAG) of India has revealed persistent and widespread deficiencies across Indian Railways. A joint team of CAG and railway officials conducted an audit of 512 stations, of which 458 stations (nearly 89%) were deficient in one or more minimum essential amenities, including…

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Business

States turn to solar subsidies to offset losses from subsidised power

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States turn to solar subsidies to offset losses from subsidised power

Solar panels installed at a facility in Assam | Photo Credit: PTI To reduce the revenue losses incurred from subsidising electricity, several states, including Uttar Pradesh, Andhra Pradesh and Bihar, are providing financial assistance to households that cannot afford rooftop solar installations., J.V.N. Subramanyam, Joint Secretary at the Union New and Renewable Ministry told The…

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Business

RIL, Rolls-Royce in JV to develop combat engine; plans Aerospace Gas Turbine Complex

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RIL, Rolls-Royce in JV to develop combat engine; plans Aerospace Gas Turbine Complex

Reliance Industries Ltd. (RIL) and Rolls-Royce have announced their strategic intent to collaborate on the design, development, manufacture, and delivery of a sovereign, indigenous combat engine for India’s Advanced Medium Combat Aircraft (AMCA) programme Besides this RIL and Rolls-Royce said they will explore the formation of a dedicated Aerospace Gas Turbine Complex that will be…

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Business

Natco Pharma Q1 net, revenue slump on lower cancer drug sales

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Natco Pharma Q1 net, revenue slump on lower cancer drug sales

Drugmaker Natco Pharma’s June quarter consolidated net profit slumped 57% year-on-year (YoY) to ₹206.5 crore on the back of lower sales of generic cancer drug Lenalidomide. The profit came on a nearly 43% YoY dip in total revenue to ₹794.4 crore, largely attributable to lower sales earnings from Lenalidomide — generic of once blockbuster cancer…

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Business

Rupee gains 3 paise to 95.42 against U.S. dollar

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Rupee gains 3 paise to 95.42 against U.S. dollar

Image used for representational purposes only. | Photo Credit: Reuters The rupee appreciated 3 paise to close at 95.42 (provisional) against the U.S. dollar on Friday (August 14, 2026), due to weakness in the greenback against major rivals overseas. According to forex traders, the rupee stayed under pressure due to foreign fund outflows and rising…

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Business

Stock markets end lower amid geopolitical uncertainty; Nifty down for fourth day

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Stock markets end lower amid geopolitical uncertainty; Nifty down for fourth day

Market benchmark indices Sensex and Nifty ended lower on Friday (August 14, 2026) as elevated oil prices and the prolonged U.S.-Iran impasse weighed on investor sentiment. The 30-share BSE Sensex dropped 70.71 points, or 0.09%, to settle at 78,009.25. During the day, it declined 395.59 points, or 0.50%, to 77,684.37. The 50-share NSE Nifty dipped…

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Business

WPI inflation eases marginally to 9.78% in July; food, fuel and power prices cool

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WPI inflation eases marginally to 9.78% in July; food, fuel and power prices cool

A vendor with his boat laden with vegetables at the floating vegetable market in the interior of Dal Lake at dawn in Srinagar | Photo Credit: Imran Nissar Wholesale price inflation eased marginally to 9.78% in July, as against 9.87% in June, on cooling in prices of fuel and power and food items. This is…

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Business