Air India FY26 loss doubles to Rs 22,238 crore, turnaround may take decade
Air India's net loss more than doubled to Rs 22,238 crore in FY26 from Rs 10,859 crore a year earlier, according to Tata Sons' annual report. Revenue fell to Rs 70,081 crore…
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Indian business, markets, economy, and finance news in brief: RBI, SEBI, corporate India, and the numbers that matter.
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CUB Q1 net profit rises 25% to Rs 383 crore
City Union Bank reported a 25% increase in net profit to Rs 383 crore for the quarter ended June 30, 2026, The Hindu reports. Net interest income rose 31% to Rs 820…
Alembic Pharma gets USFDA nod for generic constipation drug
Alembic Pharmaceuticals has received final USFDA approval for its generic Prucalopride Tablets, used to treat chronic idiopathic constipation in adults. The drug is therapeutically equivalent to Takeda's Motegrity. Based on IQVIA data,…
Tequila giant Becle makes direct India push, hires ex-Diageo executive
Becle, the world's largest tequila maker and owner of Jose Cuervo, is entering India directly through its spirits unit Proximo. It has appointed former Diageo executive Shweta Jain as managing director for…
Nykaa’s inventory model yields 45.9% gross margin, ₹79.8 Cr profit
Nykaa reported Q1 FY27 consolidated revenue of ₹2,791.3 crore, up 24% year-on-year, and net profit of ₹79.8 crore. The beauty retailer's inventory-led model, where it buys stock outright rather than operating as…
Knya revenue rises 83% to Rs 110 crore in FY26
Medical apparel startup Knya’s operating revenue rose 83% year on year to Rs 110 crore in FY26, Inc42 reports. Profit after tax more than tripled to Rs 10 crore from Rs 3…
BSE lists four new fund offers from UTI, SBI, DSP
BSE StAR MF platform has listed four new fund offers (NFOs) this week. UTI Mutual Fund launched a regular NFO with SIP facility and an ETF tracking the NIFTY 500 index. SBI…
BSE India Announces Anchor Allocations for Two IPOs
The Bombay Stock Exchange (BSE) has published notices confirming anchor investor allocations for the initial public offerings of Dhoot Transmission Limited and Milky Mist Dairy Food Limited. The filings, available on the…
DSP Mutual Fund Unit Split Filed with BSE
BSE India has published a corporate filing titled 'Split of Units of DSP Mutual Fund'. The PDF document indicates a unit split for one of the fund's schemes, but the text is…
BSE issues price band changes and daily bulletin
The Bombay Stock Exchange (BSE) has issued its daily bulletin and a separate notification on changes in price bands for certain securities. Both documents are available on the BSE website. The daily…
