NEW DELHI: Adani Ports and Special Economic Zone (APSEZ), on Thursday said it will acquire a 100% stake in Jaypee Fertilisers & Industries (JFIL) from Jaiprakash Associates for Rs 1,500 crore, as part of the NCLT-approved resolution plan for JAL.In a regulatory filing, APSEZ said the acquisition will further consolidate the company’s inland logistics presence…
NEW DELHI: LG Electronics India reported an 8.2% decline in its net profit to Rs 692.7 crore for the March quarter from a net profit of Rs 754.5 crore during the Jan-March period a year ago. Its revenue from operations rose 8.1% to Rs 8,053.6 crore in the March quarter of FY26. It was Rs…
NEW DELHI: Jobs in the informal sector grew nearly 15% (yo-y), breaching the 15-crore mark for the first time in JanMarch 2026 from 13.1 crore in the same period last year, the latest quarterly data on the unincorporated sector enterprises released by NSO Thursday showed. The number of establishments in the sector grew nearly 17%…
Goldman Sachs maintained its neutral rating on Jubilant Foodworks with the target price cut to Rs 460 from Rs 480 earlier. Analysts said that in the Jan-March quarter (Q4FY26) the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) was slightly ahead of estimates due to Dunkin’ classification as discontinued operations.Analysts flagged near-term margin pressure…
GT beat CSK by 89 runs (Pic credit: IPL) NEW DELHI: Five-time champions Chennai Super Kings crashed out of IPL 2026 in disastrous fashion on Thursday after suffering the biggest defeat in their history, as Gujarat Titans stormed to a crushing 89-run win at the Narendra Modi Stadium in Ahmedabad.The emphatic victory not only helped…
NEW DELHI: India’s largest carmaker Maruti Suzuki will raise prices across its vehicle line up by up to Rs 30,000 from next month, citing elevated inflationary pressures and a persistently adverse cost environment. Some of the other car makers indicated that they are also reviewing prices, while some have already raised it.In a regulatory filing…
NEW DELHI: The first ever index of services production (ISP) is set to be released around July, complementing the new index of industrial production (IIP) series, which will come out on June 1 with the revised base year 2022-23. This new index, which has been in making for several years, will help assess the shortterm…
President Donald Trump on Thursday said the United States has “total control” of the Strait of Hormuz through its naval blockade and vowed that Washington would recover Iran’s stockpile of highly enriched uranium, warning Tehran against pursuing a nuclear weapon.Speaking at the White House, Trump said, “We have total control of Strait of Hormuz with…
NEW DELHI/MUMBAI: Amid a depreciating rupee, commerce and industry minister Piyush Goyal on Thursday said govt is considering several measures to contain the widening current account deficit (CAD). “We are monitoring the situation. All the various arms of the govt are working as a team. Several steps are under consideration. The situation globally is quite…
The Browns are not actively shopping Myles Garrett, but insiders believe the possibility of a blockbuster trade has not been fully ruled out. A recent contract modification reportedly created more post-June 1 flexibility, fueling speculation around teams like the Eagles, Lions, and Cowboys. Cleveland would likely demand multiple premium draft picks for the All-Pro pass…