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Bank of Baroda reports 72% fall in net profit in Q1 of FY27
New Delhi, July 24: Bank of Baroda (BoB) has reported a 72 per cent year-on-year fall in standalone net profit to Rs 1,278 crore for the first quarter of the current financial year 2027 which ended June 30.
The decline is mainly because…
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Databricks, Microsoft announce expansion of strategic partnership
New Delhi, July 24: Tech companies Databricks and Microsoft are expanding their decade-long strategic partnership, extending into the 2030s, they announced today.
Under the expanded partnership, Databricks, a Data and AI company, will…
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Maharashtra remains top FDI recipient, Karnataka sees increased inflows
New Delhi, July 24: Maharashtra has retained its position as the country's largest recipient of FDI in the last financial year 2026-27, although its inflows declined during the year.
Meanwhile, Karnataka saw the near doubling of its FDI,…
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Meesho reports 54% decline in consolidated net loss in Q1 of FY27
New Delhi, July 24: Ecommerce platform Meesho has reported a 54 per cent decline in its consolidated net loss year-on-year (YoY) to Rs 132.8 crore for the quarter ended 30 June 2026, compared with Rs 289.4 crore in the corresponding period…
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3.62 GWh Battery Energy Storage System operationalised by ACME Solar in Rajasthan
Gurugram, July 23: ACME Solar Holdings Ltd (ACME Solar) has said it has cumulatively commissioned over 2.29 GWh Battery Energy Storage System (BESS) in the current financial year till date through its various subsidiaries.…
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US imposes 10% tariffs on goods imported from India under anti-forced labour law
New Delhi, July 24: The United States has imposed a 10 per cent tariff on goods imported from India for alleged use of forced labour, tagging the nation with 16 other countries.
The tariffs were announced by US Trade…
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Cipla reports 39% fall in consolidated net profit for Q1 of FY27
Mumbai, July 23: Pharma company Cipla has reported a 39 per cent year-on-year (Y-o-Y) decline in consolidated net profit to ₹789 crore for the first quarter (April-June/Q1) of 2026-27 (FY27), while revenue from…
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Infosys reports 12.2% rise in net profit in Q1 of FY27
New Delhi, July 23: Infosys has reported a 12.2 per cent year-on-year (Y-o-Y) increase in net profit to Rs 7,769 crore for the first quarter ended June 30.
Sequentially, profit declined 8.6 per cent.
Revenue rose 14 per cent Y-o-Y to…
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IMF advises central banks of all nations to strengthen oversight of AI; crucial for India
New Delhi, July 23: In an advisory that may be significant for India, the International Monetary Fund (IMF) has asked central banks of all countries to strengthen oversight of Artificial Intelligence (AI) as its rapid adoption…
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SEBI plans changes to streamline Online Dispute Resolution framework
New Delhi, July 23: The Securities and Exchange Board of India (SEBI) is planning a series of changes to streamline the Online Dispute Resolution (ODR) framework in the securities market, aimed at improving efficiency, reducing timelines…
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