Category: Business

Business

Nifty, Sensex decline for third day on higher crude oil prices, selling in bank stocks

July 22, 2026 admin

Hindustan Unilever, NTPC, Power Grid, and Titan were among the winners. Photo: Special Arrangement Benchmark indices Sensex and Nifty tumbled nearly 1% on Wednesday (July 22, 2026), taking the losses to the third consecutive day, following a sharp spike in crude oil prices and selling in bank stocks. The 30-share BSE Sensex tanked 715.06 points, or…

Business

Air India extends Tel Aviv-Delhi flight suspension until September-end

July 22, 2026 admin

Air India has been continuously extending its suspension of operations on the route for several months due to the prevailing security situation in the region. File (Representational image) | Photo Credit: Reuters Amid renewed hostilities and growing security concerns in West Asia, Air India on Wednesday (July 22, 2026) said it is extending its suspension…

Business

Rupee falls 11 paise to 96.36 against U.S. dollar in early trade

July 22, 2026 admin

This image is used for representational purpose only. | Photo Credit: Getty Images/iStockphoto The rupee depreciated 11 paise to 96.36 against the U.S. dollar in early trade on Wednesday (July 22, 2026) as crude oil prices climbed on renewed geopolitical tensions, and demand for the U.S. dollar increased as investors moved toward safe-haven assets. Forex…

Business

New trade pact a win-win for India and U.K.

July 21, 2026 admin

The India-U.K. Comprehensive Economic and Trade Agreement (CETA), which came into force on July 15, marks a pivotal moment in the evolution of bilateral ties. More than a conventional tariff-reduction pact, the agreement reflects a strategic alignment between two major democracies seeking to recalibrate their economic engagement in a rapidly shifting global order. The India-U.K….

Business

Adani Energy Solutions more than doubles Q1 net profit on improved operating margins

July 21, 2026 admin

Uptick in operating margins across transmission, smart metering and distribution businesses. helped Adani Energy Solutions’ (AESL) first quarter (Q1) net profit more than double year-on-year (YoY) to ₹1,237 crore. The Ahmedabad-headquartered company’s revenue surged 40% YoY to ₹9,852 crore in the June-end quarter. It posted an all-time high earnings before interest, depreciation and amortisation (Ebitda)…

Business

Cyient DLM posts ₹16 cr Q1 net on ₹374 cr revenue

July 21, 2026 admin

Integrated electronics manufacturing solutions provider Cyient DLM saw its June quarter net profit more than double year-on-year (YoY) to ₹16.3 crore, aided by strong demand across key verticals The company’s net profit margins expanded by 168 basis points YoY to 4.4% and .revenues by 34.3% to ₹373.8 crore in the review quarter. “We have started…

Business

SBI FM lists with ambition to be a market leader in mutual fund industry

July 21, 2026 admin

SBI Funds Management Limited MD & CEO Debasish Mishra. File | Photo Credit: ANI SBI Fund Management Ltd. (SBFM), India’s largest asset manager, debuted with a 6% premium over issue price, aspiring to be the market leader, signalling market expansion using the bank’s distribution muscle. The stock was listed at ₹613 per share, which is…

Business

Granules India Q1 net surges 60% to ₹180 cr on higher revenue

July 21, 2026 admin

Granules India | Photo Credit: The Hindu Generic drugmaker Granules India reported 60% year-on-year (YoY) surge in net profit to ₹179.96 crore on higher revenues from operations. in the first quarter (Q1) of FY2027. Growth in the contribution of complex generics and from Europe and rest of world markets boosted the revenue by 22% YoY…

Business

Aurobindo arm CuraTeQ Biologics’ facility secures nod from Brazil’s health regulator

July 21, 2026 admin

Aurobindo’s arm CuraTeq Biologics to make inroad into Latin American markets | Photo Credit: The Hindu Aurobindo Pharma subsidiary CuraTeQ Biologics’ biosimilars manufacturing facility in Hyderabad has received Brazilian health regulator Anvisa’s approval, enabling it to tap the broader Latin American market.. The facility underwent a good manufacturing practice (GMP) inspection by Anvisa from May…

Business