13h ago
Airtel tops estimates with ₹33,599 crore EBITDA as Morepen hits 20% upper circuit and Greaves drops over 15%
Several Indian listed companies reported quarterly results, with Bharti Airtel posting EBITDA of ₹33,599 crore above market expectations. Morepen Laboratories’ shares hit a 20% upper circuit, while Greaves Cotton fell sharply. Marico reported a 27% year-on-year rise in net profit to ₹652 crore, also ahead of estimates. The updates highlight earnings momentum in India’s telecom and consumer segments during the results season.
13h ago
13h ago
CBL International regains Nasdaq compliance after BANL closes at $1 or above for 10 sessions through July 31, 2026
CBL International received a Nasdaq notice on August 12, 2025 after its shares closed below $1 for 30 consecutive trading days, triggering a 180-day compliance window through February 9, 2026. The company carried out a 1-for-13 share consolidation on July 20, 2026, after which its Class B ordinary shares closed at $1 or higher for 10 straight sessions from July 20 to July 31. On that basis, Nasdaq confirmed the company has regained compliance with the minimum bid price requirement. The development reflects a listing compliance update rather than a change in fundamentals or a direct driver of asset prices.
13h ago
13h ago
Dow jumps 658 points to a record as S&P 500 nears all-time closing high and oil prices fall
Major U.S. stock indexes advanced, with the S&P 500 up 0.6% and nearing its all-time closing high, while the Dow rose 658 points (1.2%) to a record and the Nasdaq gained 1.1%. Palantir surged after reporting 93% year-over-year revenue growth, and Caterpillar climbed after quarterly sales topped $20 billion for the first time and results beat expectations. The gains were driven by strong earnings among index constituents, underscoring how improving corporate fundamentals can lift broad benchmarks.
13h ago
14h ago
Sysco posts FY2024 Q4 adjusted EPS of $1.53 as sales rise 4.7% to $22.124 billion
Sysco reported FY2024 fourth-quarter adjusted earnings of $1.53 per share, topping the $1.51 consensus estimate, while revenue rose 4.7% year over year to $22.124 billion and also beat expectations. Gross margin narrowed 17 basis points to 18.7% as product cost inflation, led by meat and fresh produce, weighed on profitability. Operating income increased 10.6% from a year earlier, indicating the company maintained profit growth and operational efficiency despite inflation pressure. The results were a near-term positive for the stock’s performance.
14h ago
14h ago
Godrej Properties’ Pirojsha Godrej says strong housing demand is opening a market-share window
India’s four biggest listed developers—DLF, Godrej Properties, Prestige Estates and Lodha—recorded combined sales bookings of ₹1.05 trillion in FY26 and are targeting ₹1.19 trillion in FY27. Godrej Properties reported a 42% year-on-year drop in quarterly net profit to ₹350 crore as revenue recognition declined, even as presales remained strong. The company added three projects that it expects to deliver ₹9,500 crore in booking value, underscoring continued demand and a rising tilt toward larger branded builders.
14h ago