CA Sumit Mangla

Zydus Lifesciences Gets Phase III Trial Approval for Desidustat in Sickle Cell Disease.

$ZYDUSLIFE has received approval to initiate the Phase III clinical trial of its oral drug Desidustat for treating Sickle Cell Disease patients. The trial will be conducted in collaboration with the Indian Council of Medical Research (ICMR… See Moremore

$TIPSMUSIC Reiterates 20% Revenue & PAT Growth Guidance for FY

$TIPSMUSIC has reaffirmed its robust growth outlook, maintaining a 20% revenue and Profit After Tax (PAT) growth guidance for the current fiscal year. The company expects annual EBITDA margins to remain healthy in the 65-70% range, though… See Moremore

Aditya Birla Sun Life AMC Maintains Yields, Eyes Strong AUM Growth in PMS & AIF

$ABSLAMC expects to maintain current yields with only minor 1-2 basis point fluctuations driven by product mix and telescoping pricing as assets under management (AUM) expand, according to its latest concall guidance. Employee costs are pr… See Moremore

Paras Defence Signs ₹6,200 Cr MOU with MPSEDC for Advanced IC Packaging Facility

$PARAS and Space Technologies Ltd has signed a significant Memorandum of Understanding (MOU) with the Madhya Pradesh State Electronics Development Corporation (MPSEDC) to establish an Advanced Integrated Circuit (IC) Packaging Facility in… See Moremore

Bandhan Bank Cuts Q4 FY27 ROA Guidance to 1.2-1.4% Citing External

$BANDHANBNK has revised its Return on Assets (ROA) guidance for Q4 FY27 downward to 1.2%–1.4% from the earlier target of 1.6%–1.8%. The revision is primarily attributed to external factors rather than internal operational challenges. Key… See Moremore

Rallis India Flags Weak Outlook: Cotton Seed & Crop Protection Volumes Unlikely to Grow Amid Weak Monsoons & Illegal Trade

InGovern or analyst updates aside, $RALLIS management during its recent concall confirmed subdued growth expectations for key segments. Commentary that cotton seed and crop protection product volumes are unlikely to see meaningful growth… See Moremore

$CHOICEIN Bags ₹191.38 Cr Govt Mandates in E-Governance, Railways & Project Mgmt Across States; Major Order Win

$CHOICEIN wins projects worth ₹191.38 crores. These encompass e-governance initiatives, railway infrastructure development, and project management consultancy services spread across multiple Indian states. This builds on the firm's experti… See Moremore

$MEESHO Under Scanner: InGovern Research Alleges GST Treatment Gives Recurring Financial Edge in Social Commerce Battle

InGovern Research has spotlighted $MEESHO's unique GST treatment in its reseller-driven social commerce model as providing a recurring financial advantage. Part 1: The news revolves around allegations that Meesho's approach to GST complian… See Moremore

IDBI Bank: Employees Forum Opposes Fairfax Stake Sale, Seeks Parliamentary Review Over Governance & Sovereignty Concerns

The United Forum of IDBI Officers & Employees has strongly opposed the government’s reported decision to sell a controlling 60.72% stake (30.48% Govt + 30.24% LIC) in IDBI Bank to Canada’s Fairfax Financial Holdings. The forum expressed con… See Moremore

L&T Wins Mega Contract Worth ₹10,000-15,000 Cr from JSW Steel: Largest Domestic Metals Order Boosts Order Book Visibility

Larsen & Toubro (L&T) has secured its largest-ever domestic order in the metals sector valued between ₹10,000 crore and ₹15,000 crore from JSW Steel. The contract involves engineering, procurement, and construction (EPC) for blast furnaces… See Moremore

$TRENT Doubles Westside Expansion: Targets Up to 100 New Stores Annually vs Prior 50-Store Guidance, Boosting Growth Push

$TRENT , operator of popular fashion brands Westside and Zudio, announced aggressive expansion plans for its premium lifestyle chain Westside. According to Bloomberg, the company now targets opening up to 100 new Westside stores per year, d… See Moremore

$MARUTI Ordered to Replace Grand Vitara or Refund ₹20.5 Lakh in India’s First E20 Fuel Damage Consumer Dispute.

A consumer disputes commission in Raipur, Chhattisgarh, has directed Maruti Suzuki India to either replace a customer’s Grand Vitara with a new E20-compatible vehicle or refund approximately ₹20.5 lakh plus additional charges and compensati… See Moremore

Renewable Energy Boost! Govt Extends ALMM-II Exemption for Net Metering & Open Access Projects Till Dec 2026 – Policy Unchanged

The Ministry of New and Renewable Energy (MNRE) has issued an Office Memorandum extending the exemption from ALMM List-II (Approved List of Models and Manufacturers for solar PV cells) compliance for net-metering and open access renewable e… See Moremore

$HDFCBANK Q1 Profit Surges to ₹19,060 Cr (+5% YoY) Despite Total Income Slump to ₹92,184 Cr from ₹99,200 Cr: What It Means for Markets

$HDFCBANK India’s largest private lender, announced its Q1 FY27 (April-June 2026) results with standalone net profit rising 5% YoY to ₹19,060 crore from ₹18,155 crore. However, total income fell notably to ₹92,184 crore from ₹99,200 crore i… See Moremore

ICICI Bank Q1 Profit Jumps to ₹148B (vs ₹127.7B YoY), Beats Est ₹136B; GNPA 1.38%, Board OKs Up to USD 2.5B Overseas Bonds/CDs

$ICICIBANK reported strong Q1 results with standalone/consolidated net profit at ₹148 billion, up from ₹127.7 billion YoY and beating estimates of ₹136 billion. Asset quality improved with GNPA at 1.38% (vs 1.40% QoQ) and NNPA at 0.35% (vs… See Moremore

$INDIACEM Scales Green Power (RE+WHRS) from 6% to 80% by FY29; Q1FY27 Realisation ₹3,847/ton (+1.5% QoQ, +2% YoY)

$INDIACEM announced ambitious sustainability plans to ramp up green power usage via renewable energy (RE) and Waste Heat Recovery Systems (WHRS) from current ~6% to 80% by FY29. Alongside, Q1FY27 cement sales realisation improved to ₹3,847… See Moremore

$JKCEMENT Q1 Results: Net Profit Falls to ₹2.9B (vs ₹3.3B YoY), EBITDA at ₹6.4B (vs ₹6.7B), Margin Contracts to 16.5% from 21.1%

$JKCEMENT announced its Q1 FY27 (April-June 2026) financial results, reporting a y-o-y decline in key profitability metrics amid rising input costs in the Indian cement sector. The company posted a standalone or consolidated net profit of a… See Moremore

Indian Govt Plans ₹10,000 Cr VGF Scheme to Boost Underground Cable Manufacturing; Big Boost for $KEI & $POLYCAB

The Indian government is reportedly planning a significant Viability Gap Funding (VGF) scheme worth around ₹10,000 crore aimed at accelerating domestic manufacturing of underground power cables. This initiative seeks to support the shift fr… See Moremore

$JSWSTEEL approves Promoter Selling Shareholder Role in JSW One Platforms IPO; Up to ₹811 Cr Equity Offer Signals Growth Push.

$JSWSTEEL approved its participation as a promoter selling shareholder in IPO of its subsidiary, JSW One Platforms Limited. The offering involves equity shares worth up to ₹811 crores, allowing JSW Steel to monetize a portion of its signifi… See Moremore

$PNCINFRA Wins Massive ₹3,483 Cr NHAI Highway Orders in UP; Boosts Order Book Visibility with Strong HAM Projects (MCap ~₹6,262 Cr)

$PNCINFRA has emerged as the L1 bidder and received LoA from the NHAI for two major Hybrid Annuity Mode (HAM) highway projects on NH-927 in Uttar Pradesh. The combined bid project cost is ₹3,483 crore (excluding GST). The first project inv… See Moremore