Strong Quarterly Performance Boosts Momentum Coforge reported a notable improvement in its financial performance for the quarter ended March 31, 2026. The company’s consolidated net profit rose sharply to ₹615 crore, marking a 145% increase compared to ₹250 crore in the previous quarter. Revenue from operations stood at…
Proposal to Expand Early Pay-In Facility India’s market regulator, Securities and Exchange Board of India, is evaluating a proposal to introduce the early pay-in (EPI) mechanism for commodity options contracts. This development is part of a broader effort to streamline and harmonise settlement processes across the commodity derivatives…
Latest LPG Rates Across Key Cities As of May 6, 2026, LPG prices across major metropolitan cities showed consistency in domestic cylinder rates, while commercial cylinder prices remained substantially higher. In New Delhi, a domestic 14.2 kg LPG cylinder was priced at ₹913.00, whereas the commercial 19 kg…
Government Clears Fresh Semiconductor Investments India has taken another step in advancing its semiconductor ambitions, with the Union Cabinet approving two new manufacturing projects under the India Semiconductor Mission. These projects, located in Gujarat, are expected to enhance domestic capabilities in critical areas such as chip fabrication, assembly,…
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…
