News Overview

Overall, the Indian stock markets continued their upward trend on Tuesday, driven by gains in select sectors. However, investor sentiment remains cautious due to election uncertainty and the potential impact of US inflation data on interest rates.

Profit increased 27% sequentially from the ₹138 Crore reported in the December quarter. In the meantime, QoQ (quarter over quarter) revenue increased by 8.3%.

According to sources, Sidbi Ventures has pared the entire stake in Annapurna, while others have exited partially.

Dhaksha has improved its technological capabilities and invested in research initiatives to develop new goods and applications during the last year, he stated.

Nayara Energy holds a 7% share in petrochemicals and an 8% share in both the domestic fuel retailing and refining capacities of India.

Nalanda Capital of Singapore, through its affiliate Nalanda India Equity Fund Ltd, sold shares of Great Eastern Shipping Co Ltd.

The partnership follows Biocon's success in becoming the first business to receive approval for gLiraglutide in an ICH country.

According to Varghese, the company wants to offer lower- to middle-class consumers full-stack financial services.

Even though it has a one-year opportunity to keep the Shriram identity, the company will adopt a new brand name.

Energy cargo tracker Vortexa reports that diesel exports to Europe fell to 210,000 barrels per day (bpd) in April from 262,000 bpd in March.