Gold Prices Show Steady Uptrend On May 6, 2026, gold prices across key Indian cities moved higher during early trading hours, maintaining a stable upward trajectory. The rise was moderate but consistent, reflecting sustained interest in the yellow metal. In Chennai, 24-carat gold was priced at ₹1,52,610 per…
Appellate Ruling Brings Sharp Reduction in Tax Demand In a key regulatory development, UCO Bank has secured a favourable ruling from the appellate authority under the Goods and Services Tax framework. The Office of the Commissioner of GST & Central Excise (Appeals-I), Mumbai, has significantly scaled down the…
Profit Declines Marginally Amid Strong Revenue Growth Larsen & Toubro posted a consolidated net profit of ₹5,326 crore for the quarter ended March 2026, reflecting a slight year-on-year decline of 3% compared to ₹5,497 crore in the same period last year. Despite this dip in profitability, the company…
India’s power trading landscape witnessed notable momentum in April 2026, with Indian Energy Exchange (IEX) reporting a substantial rise in electricity volumes. The performance reflects growing demand for electricity, increased market participation, and a shift towards flexible power procurement mechanisms, particularly in real-time trading segments. Robust Growth in…
A major cross-border clean energy initiative has moved a step forward, bringing attention to Tata Power after fresh financing agreements were finalised for a large hydropower project in Bhutan. The development underscores growing collaboration in renewable energy infrastructure between regional partners and highlights the scale of investment flowing…
Major Defence Order Strengthens BEL’s Position Bharat Electronics Limited has announced the acquisition of a high-value defence contract for the supply of Ground Based Mobile ELINT Systems (GBMES). The order, valued at ₹1,251 crore, has been awarded by the Ministry of Defence and is intended for deployment by…
Expanding Banking Access Through Strategic Collaboration Jio Payments Bank has partnered with Ezeepay to strengthen its presence in regions where access to formal banking services remains limited. The initiative is structured to cover a wide geographical footprint, spanning over 12,000 PIN codes across India, with a focus on…
NFO Timeline and Structure Groww Mutual Fund has announced the launch of its Nifty Private Bank ETF under the New Fund Offer (NFO) route, with subscriptions beginning on May 6, 2026, and closing on May 20, 2026. The fund is designed as an open-ended scheme and will be…
Quarterly Performance Highlights Marico Limited announced its financial results for the quarter ended March 31, 2026, showcasing healthy growth compared to the same period last year. The company’s total income for the March quarter stood at ₹3,393 crore, marking a strong increase of 22.2% on a year-on-year basis.…
Sharp Upside in Railway Stocks Railway wagon stocks emerged as standout performers in an otherwise weak market session, attracting strong buying interest throughout the day. Among the key gainers, Titagarh Rail Systems led the rally with a significant jump of around 13%, touching an intraday level near ₹870.…
