The Government of India has announced plans to raise as much as 314 billion rupees (approximately $3.3 billion) by selling up to a 6.5% stake in state-owned Life Insurance Corporation of India (LIC). The move is part of the government’s ongoing disinvestment programme and aims to comply with India’s minimum public shareholding regulations.
टैग: Stock Market
SpaceX Earnings in Focus After Post-IPO Stock Slump Wipes Out More Than $500 Billion in Market Value
SpaceX is set to release its first quarterly earnings report as a publicly traded company this week, with investors closely watching whether the aerospace and technology firm can restore confidence after a steep decline in its share price following its market debut.
Jio Financial Services Sets August 10 as Record Date for FY26 Final Dividend of ₹0.60 Per Share
Jio Financial Services (JFSL) has announced Monday, August 10, 2026, as the record date to determine the shareholders eligible to receive its final dividend of ₹0.60 per equity share (face value ₹10 each) for the financial year 2025-26. The company said eligible shareholders will receive the dividend within seven days after its Annual General Meeting (AGM).
ITC Q1 FY27 Results: Net Profit Falls 27% to ₹3,579 Crore as Higher Cigarette Taxes Hit Earnings
ITC Ltd. reported a 27% year-on-year decline in standalone net profit to ₹3,579 crore for the first quarter ended June 30, 2026, as higher taxes on cigarettes and rising operating expenses weighed on the company’s earnings. The cigarette business, which contributes a major share of ITC’s profit, was particularly affected by the higher tax burden.
SENSEX, NIFTY50 Rise for Third Straight Session as Bajaj Finance Leads Gains
Indian equity benchmarks SENSEX and NIFTY50 extended their winning streak to a third consecutive session on Friday, July 31, with gains led by Bajaj Finance, Mahindra & Mahindra, Reliance Industries, Bajaj Finserv, Bharti Airtel, Adani Ports and Tata Steel. The SENSEX ended 166 points, or 0.21%, higher at 78,095, while the NIFTY50 gained 66 points to close at 24,384.
Maruti Suzuki Q1 FY27 Results: Net Profit Falls 11% to ₹3,352 Crore as Revenue Jumps 36%
Maruti Suzuki India reported an 11% year-on-year decline in standalone net profit to ₹3,352 crore for the April-June quarter of FY27, compared with ₹3,758 crore in the same quarter last year. The decline came mainly due to higher material costs, which were further impacted by the war. Despite the pressure on profitability, the company’s revenue from operations rose sharply by 36% YoY to ₹52,456 crore.