NHC Foods shares hit upper circuit on 920% profit jump
Penny stock NHC Foods rose 5% to Rs 1.30 on Wednesday after reporting a blockbuster Q1 FY27. Revenue surged 234.54% year-on-year to Rs 369.69 crore, while net profit jumped 919.81% to Rs…
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Norway’s $2.3 trillion fund posts record $185 billion gain, flags AI risk
Norges Bank Investment Management reported a record $185 billion in investment returns for the first half of the year, taking the fund's value to $2.3 trillion. The second quarter alone delivered an…
Michael Burry says Berkshire no longer attractive on $400B cash pile
Michael Burry, the investor famed for betting against subprime mortgages, has declared Berkshire Hathaway unattractive under new CEO Greg Abel. In a Substack post reported by livemint, Burry said his fear that…
IRCTC Q1 profit flat at Rs 330 crore, revenue up 18%
IRCTC reported a consolidated net profit of Rs 330.16 crore for the June quarter, nearly flat from Rs 330.71 crore a year ago. Revenue rose 18.1% year-on-year to Rs 1,369.53 crore, driven…
RNOR status can shield returning NRIs from tax on foreign income
Returning NRIs may qualify for Resident but Not Ordinarily Resident status, a temporary category that can keep certain foreign income outside India’s tax net. The status applies if they were non-residents in…
Bought a co-owner’s half of a property? Tax rules differ for each share
If you buy a co-owner's 50% share in a jointly held property and later sell the entire asset, you must compute capital gains separately for each share. Experts say the two halves…
Indel Money to raise Rs 500 crore via NCD issue on August 18
Kerala-based gold loan NBFC Indel Money plans to raise up to Rs 500 crore through a public issue of non-convertible debentures (NCDs). The NCDs offer coupon rates between 9% and 11.50% per…
Tata Motors CV Q1 profit jumps 83%; Apollo, Lenskart also strong
Tata Motors Commercial Vehicles reported an 83% year-on-year rise in consolidated net profit to Rs 2,560 crore for the June quarter, with revenue up 19% to Rs 20,667 crore, driven by higher…
Nippon India launches tax-friendly Income Plus Arbitrage Fund of Fund
Nippon India Mutual Fund has launched the Income Plus Arbitrage Omni Fund of Fund, an open-ended hybrid fund of funds that invests in domestic active and passive debt-oriented and arbitrage schemes. Its…
Container rail starts between Chennai port and Hyderabad ICD
Container rail service has begun between Chennai port (CITPL) and ICD Sanathnagar in Hyderabad, offering a new gateway for export-import cargo. The first train, operated by CONCOR with OOCL, carried a 40-wagon…
