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12 Aug

Cottonseed oil futures prices downfall: lack of demand

Business CorrespondentBusiness, News

New Delhi: Cottonseed oil cake prices fell by Rs 29 to Rs 3,346 per quintal in futures trade on Monday as traders reduced their positions following a weak trend in the spot market. At the NCDEX, cottonseed oil cake contracts for September delivery fell by Rs 29, or 0.87 percent, to Rs 3,346 per quintal in a business turnover of 21,640 lots. Analysts said selling by traders at current levels amid sluggish market sentiment mainly led to the fall in cottonseed oil cake prices.

11 Aug

JM Financial Q1 profit raise 166% to Rs 454 crore

Business CorrespondentBusiness, News

New Delhi, JM Financial on Monday reported a 166 percent rise in consolidated net profit to Rs 454 crore for the June quarter of FY26. The financial services company had earned Rs 171 crore in the same quarter a year ago. Total income during the June quarter of 2025-26 rose to Rs 1,121 crore from Rs 1,093 crore a year ago, JM Financial said in a regulatory filing. Total expenses declined to Rs 529 crore as compared to Rs 849 crore in the April-June quarter of FY25. Networth crossed Rs 10,000 crore during the quarter. Vishal Kampani, Vice Chairman and…

08 Aug

Ramco Cements Q1 profit upgrade to Rs 181.58 crore

Business CorrespondentBusiness, News

New Delhi, Ramco Cements Ltd has reported a consolidated net profit of Rs 181.58 crore in the June quarter of FY26, driven by improved cement prices and operational efficiency. According to a regulatory filing released by Ramco Cements on Thursday, the company had posted a net profit of Rs 36.57 crore in the June quarter of the previous fiscal. Its revenue from operations declined marginally to Rs 2,074 crore in the June quarter of FY26 from Rs 2,093.55 crore in the corresponding period of the previous fiscal. "During Q1 FY26, cement sales stood at 40 lakh tonnes as against 42.9…

07 Aug

Hero MotoCorp Q1 results: Standalone net profit steady at ₹1,126 crore, revenue downfall 6% year-on-year

Business CorrespondentBusiness, News

Two-wheeler maker Hero MotoCorp on Sunday, August 6, reported a steady rise in standalone net profit to ₹1,126 crore for the first quarter ended June 30, 2025 (Q2FY26) as against ₹1,123 crore in the corresponding quarter of the previous fiscal. The Gurgaon-based company's revenue stood at ₹9,579 crore in the quarter under review, up 6% from ₹10,144 crore in the same quarter a year ago. At the operating level, Hero MotoCorp's earnings before interest, tax, depreciation and amortization (EBITDA) stood at ₹1,382 crore as against ₹1,460 crore last year, a decline of 5.3%. EBITDA also remained stable at 14.3%. On…

06 Aug

DCCDL Q1 profit rose 26% on increase in rental income

Business CorrespondentBusiness, News

New Delhi, DCCDL, a joint venture company of DLF and GIC, reported a 26 per cent rise in net profit to Rs 593 crore during the June quarter. The rise was due to rise in income from rental-based commercial properties. DLF Cyber City Developers Ltd (DCCDL)'s net profit stood at Rs 470 crore in the same period a year ago. Total income during the April-June period of this fiscal rose 12 per cent to Rs 1,739 crore from Rs 1,553 crore in the same period last year. DCCDL is a joint venture of DLF and Singapore's sovereign wealth fund GIC.…

05 Aug

Coriander futures increase: Prices rose due to demand

Business CorrespondentBusiness, News

New Delhi, Coriander prices rose by Rs 36 to Rs 7,874 per quintal in futures trade on Tuesday as speculators increased their deal size following a firm trend in the spot market. At NCDEX, the price of coriander contract for September delivery rose by Rs 36 or 0.46 per cent to Rs 7,874 per quintal with a turnover of 7,505 lots. Market analysts said coriander prices rose due to a firm trend in the spot market and restricted supplies from producing regions.

04 Aug

Rice exports from India to increase after import ban lifted

Business CorrespondentBusiness, News

New Delhi, The Indian Rice Exporters Federation on Monday said the lifting of the import ban by a major Indian rice importer will boost exports of the grain and reduce the impact of new US tariffs. Prem Garg, president of the Indian Rice Exporters Federation (IREF), said a major international market has decided to lift a four-month ban on rice imports. "This development is significant as this market is a major importer of Indian rice, with annual imports of over 1,000,000 metric tonnes, and the lifting of the ban will significantly increase our exports," Garg said. "This will increase India's…

02 Aug

Tata Power Q1 consolidated net profit increase 9.17% y-o-y to ₹1,060 crore

Business CorrespondentBusiness, News

Tata Power on Friday, August 1 announced its financial results for the quarter ended June 30, 2025 (Q1 FY26), reporting a consolidated net profit of ₹1,060 crore, up 9% y-o-y as compared to ₹971 crore in Q1 FY25. The company’s operating revenue during the quarter stood at ₹18,035 crore, up 4.28% from ₹17,924 crore in the corresponding period of the previous fiscal. Total expenses for the quarter stood at ₹16,336 crore, up 3.03% from ₹15,856 crore in the corresponding period of the previous year. Depreciation cost for the quarter stood at ₹1,161 crore as against ₹973 crore in Q1 FY24,…

02 Aug

Vijaynagar Remains Inaccessible

Purbalee DuttaNews, North East

The Miao-Vijaynagar (MV) road has remained blocked at several points since May 30, leaving the remote Vijaynagar area in Changlang district disconnected from the rest of Arunachal Pradesh. According to reports, the worst-affected stretch lies between Yachejolo village (85 miles) and Gandhigram, where heavy rainfall and landslides have caused parts of the road to collapse. Restoration work by the district administration has reached up to Miphoto village (82–83 miles). Meanwhile, local residents have also stepped in, clearing roadblocks through community service. Images and videos showing their efforts have circulated on social media. However, locals claim the government’s repair work is…

01 Aug

GST collection increase 7.5% to ₹1.96 lakh crore in July

Business CorrespondentBusiness, News

New Delhi, Gross GST collections rose 7.5 percent to around Rs 1.96 lakh crore in July due to an increase in domestic revenue. Gross Goods and Services Tax (GST) collections stood at Rs 1.82 lakh crore in July 2024. The collection was Rs 1.84 lakh crore in the previous month. Gross domestic revenue rose 6.7 percent to Rs 1.43 lakh crore, while import taxes rose 9.5 percent to Rs 52,712 crore. GST refunds rose 66.8 per cent year-on-year to Rs 27,147 crore. Net GST revenue stood at Rs 1.69 lakh crore in July 2025, showing a growth of 1.7 percent…