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Welspun Corp bags export order for supplying coated LSAW pipes; order book at Rs 19,300 crore

Mumbai, May 7 -- The company further said that since 05 February 2025, it has received additional orders, cumulatively valued at nearly Rs 1,950 crore for our India pipes facility. "With these new or... Read More


BSE hits record high after Q4 PAT soars to Rs 494 cr; declares dividend of Rs 23/ sh

Mumbai, May 7 -- Revenue from operations jumped 74.94% YoY to Rs 846.64 core during the quarter ended 31st March 2025. During the quarter, profit before tax (PBT) stood at Rs 659.10 crore, steeply hi... Read More


Aarti Drugs spurts as Q3 PAT jumps 33% YoY to Rs 62 cr

Mumbai, May 7 -- Revenue from operations rose 9% to Rs 678.6 crore in the fourth quarter of FY25, compared with Rs 621.1 crore posted same period a year ago. Profit before tax added 10.90% to Rs 71.2... Read More


Textile stocks surge as India-UK seal landmark free trade agreement

Mumbai, May 7 -- Major textile counters rallied sharply in response: Gokaldas Exports jumped 6.63%, KPR Mill rose 6.45%, Welspun Living climbed 6.34%, Indo Count Industries gained 6.09%, Vardhman Text... Read More


Nifty slides below 24,350; media shares slide

Mumbai, May 7 -- The headline equity benchmarks traded with limited losses in the morning trade as investors reacted to news of Operation Sindoor, a targeted strike by Indian forces on terror sites in... Read More


Economic Buzz: China holds reverse repo rate at 1.50% in April

Mumbai, May 7 -- China kept its reverse repo rate steady at 1.50 percent in April, maintaining the record low first reached in September 2024. The rate has averaged 2.54 percent from 2012 to 2025, wit... Read More


Economic Buzz: China cuts reserve requirement ratio, trims repo rate to boost liquidity

Mumbai, May 7 -- The PBoC cut the 7-day reverse repo rate by 10 basis points to 1.4 percent. The reserve requirement ratio was lowered to 9.0 percent from 9.50 percent. The reduction is set to release... Read More


Economic Buzz: China cuts reserve requirement ratio

Mumbai, May 7 -- The People's Bank of China announced a 50 basis points cut to the reserve requirement ratio, releasing around 1 trillion yuan into the system, media reports noted today. The 7-day rev... Read More


Indian army carries out precision strike at terrorist camps: Defence Ministry

Mumbai, May 7 -- The Indian Armed Forces launched 'OPERATION SINDOOR', hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir from where terrorist attacks against India h... Read More


Radico Khaitan Q4 PAT climbs 60% YoY to Rs 91 cr

Mumbai, May 7 -- Revenue from operations (excluding excise duty) jumped 20.9% YoY to Rs 1,304.08 crore during the quarter ended 31st March 2025. Profit before tax (PBT) climbed 58.8% YoY to Rs 121.50... Read More