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Tech Mahindra Q4 Results: Cons profit rises 16% YoY to Rs 1,354 crore, revenue up 13%; co declares Rs 36/share dividend
Tech Mahindra Q4 Results: Tech Mahindra reported a 16% year-on-year increase in net profit to Rs 1,354 crore for the March quarter, with revenue rising 13% to Rs 15,076 crore. The company is accelerating its AI-led transition, achieving its highest deal wins in recent years and declaring a record total dividend of Rs 51 per share for FY26.
8 equity mutual funds multiply lumpsum investments by over 2.72x in 5 years. Are they a part of your portfolio?
Around eight equity mutual funds more than doubled lump-sum investments, multiplying them over 2.72 times in the last five years, an ETMutualFunds analysis showed. Of 207 schemes analysed, four were small-cap funds, three mid-cap, and one multi-cap. Nippon India Mutual Fund led with three schemes, while others included Quant, Motilal Oswal, Bandhan, Invesco, and HDFC Mutual Fund.
IHCL completes acquisition of 51 pc stake in Brij Hospitality for Rs 222 cr
Indian Hotels Company (IHCL), a Tata Group firm, has finalized its acquisition of a 51% stake in Brij Hospitality for approximately Rs 222 crore. This strategic investment, made through IHCL and its step-down subsidiaries, now makes Brij Hospitality a subsidiary of IHCL. The deal involved purchasing shares from existing shareholders and a primary investment in Brij.
Tech Mahindra declares Rs 36/share final dividend; sets July 3 as record date
Tech Mahindra's board has proposed a final dividend of Rs 36 per share for FY26, bringing the total payout to Rs 51. This comes as the IT giant reported a strong March quarter with net profit up 16% year-on-year. Shareholders will vote on the dividend at the upcoming AGM, with July 3 set as the record date.
BEML shares rally 8% after Rs 590 crore defence order win
BEML Limited shares jumped after winning a ₹590 crore defence order from the Ministry of Defence. The stock has gained strong momentum, rising ~21% in a month and delivering about 200% returns over three years, reflecting sustained investor interest.
Seafood exports up 11.2% in 2025-26
India’s seafood exports rose 11.2% to $8.28 billion in 2025–26, driven by strong demand from China, the EU and Southeast Asia. Frozen shrimp led earnings. Despite a decline in US shipments, gains in alternative markets offset losses. Export volumes hit 19.32 lakh tonnes, with key ports handling most shipments.
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Apple CEO Tim Cook steps down; HCLTech Q4 report
After 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
Groww grants Esops worth around Rs 51 crore after strong Q4 results
Fintech firm Groww has issued 24.32 lakh employee stock options valued at approximately Rs 51 crore. This follows the company's strong Q4 FY26 results, which showed an 87% revenue increase and more than doubled net profit. Groww is also focusing on AI for product development with a lean team.
Hindustan Copper plans Rs 7,189-cr capex over 5 years for expansion of mines
Hindustan Copper Limited is investing over Rs 7,000 crore in the next five years to expand its mines. Production capacity is set to significantly increase. The company is also undertaking a major digital transformation. This includes upgrading communication systems and implementing advanced technologies like 5G and AI.
West Bengal polls: 23 pc candidates have criminal cases, 22 pc crorepatis in second phase, says ADR report
A report by the Association for Democratic Reforms (ADR) reveals that 23% of candidates in West Bengal's second phase assembly polls have declared criminal cases, with 20% facing serious charges. Additionally, 22% of the 1,445 analyzed candidates are crorepatis, with TMC and BJP candidates showing the highest proportion of wealth.
Rupee falls 16 paise to 93.32 against US dollar in early trade
The rupee fell 16 paise to 93.32 against the US dollar in early trade as the American currency strengthened and the Reserve Bank eased speculative betting restrictions. Positive domestic equity markets and foreign fund inflows offered some support, despite West Asia peace agreement uncertainties.
Kerala Lottery Samrudhi SM 51 Result Today (April 19, 2026): Rs 1 crore, Rs 25 lakh & Rs 5 lakh prize winning numbers & full list
Kerala Lottery: Samrudhi SM 51 Kerala Lottery result 2026 has been declared following a live draw held at Gorky Bhavan in Thiruvananthapuram at 3:00 pm, with thousands of participants checking the winning numbers. The Kerala State Lottery SM 51 draw features a first prize of Rs 1 crore, along with a Rs 25 lakh second prize, Rs 5 lakh third prize, and multiple smaller rewards ranging from Rs 100 to Rs 5,000. Winners must verify their ticket numbers with the official Kerala Government Gazette and submit claims within 30 days of the result announcement.
Adani Power eclipses Adani Ports to becomes Group’s most valuable stock with m-cap Rs 3.99 lakh crore
Adani Power Limited surged nearly 5% on Monday to hit fresh 52-week high, becoming the most valuable Adani Group firm. The company, with a ₹3.99 lakh crore m-cap, surpassed Adani Ports and Special Economic Zone. Strong stock momentum, new subsidiary formation, and reaffirmed ratings supported investor sentiment on the Street.
Nippon India Mutual Fund dominates Akshaya Tritiya ETF volumes with 63% market share
Nippon India Mutual Fund demonstrated strong performance in Gold and Silver ETFs during Akshaya Tritiya 2026. The fund house secured a significant market share in combined volumes and investor base. This leadership highlights its consistent performance and superior liquidity, making it a preferred choice for Gold and Silver ETF investments in India.
Network18 Q4 loss at Rs 29.61 crore, revenue up 9.7% to Rs 615.78 cr
Network18 Media & Investments reported a consolidated net loss of Rs 29.61 crore for the March quarter, despite a 9.7% rise in operational revenue to Rs 615.78 crore. The company highlighted strong performance in its TV news inventory and digital platforms, offsetting macro headwinds. Chairman Adil Zainulbhai expressed satisfaction with progress and diversification.
Govt recognised over 55,200 startups in FY26
India has recognised more than 55,200 startups in FY26, a 51.6% rise over last year, while the direct jobs created by them increased 36.1%, the “highest” in a single year since the launch of the Startup India initiative in 2016, the government said on Friday.
Sebi clears four IPOs including Avaada Electro and Grand Housing
Securities and Exchange Board of India approved IPOs of Avaada Electro Grand Housing Sonaselection India and Vishal Nirmiti with Avaada leading as a major renewable energy listing aimed at expansion and growth
Bajaj Consumer Care shares soar 16% after Q4 net profit doubles to Rs 63 crore
Bajaj Consumer Care shares surged significantly on Friday. The company reported a substantial increase in its net profit, more than doubling compared to the previous year. Revenue from operations also saw a healthy jump. This strong financial performance drove the rally in its stock price. The company also presented robust full-year results, indicating positive growth trends.
Waaree Renewable shares rocket 12% as Q4 revenue soars 131%, profit up 66%. Check details
Waaree Renewable Technologies shares jumped up to 12% after reporting a strong Q4, with net profit rising 66% YoY to Rs 155.72 crore and revenue surging 131% to Rs 1,102.40 crore. EBITDA also grew 63.71%, though margins declined sharply. The company highlighted strong execution visibility backed by a 2.83 GWp order book.
Paytm’s cap table turns Indian: What changes now?
Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This shift is driven by increased participation from domestic institutional investors (DIIs).
FIIs pick 1.68 crore shares in Suzlon Energy amid Rs 1 lakh crore outflows. What are they seeing?
Foreign institutional investors (FIIs) quietly increased their exposure to Suzlon Energy in the March quarter, even as they pulled out more than Rs 1 lakh crore from Indian equities during the same period.
RailTel Corporation shares jump 11% on Rs 608 crore order wins
RailTel Corporation shares surged on Wednesday after the company secured multiple orders worth around Rs 608 crore, including major infrastructure contracts from RVNL and a recruitment services deal in Uttar Pradesh. Both projects are domestic in nature and are scheduled for completion by April 12, 2028.
Anand Rathi shares soar over 9% as Q4 net profit rockets 126%. Check details
Anand Rathi Share and Stock Brokers share price gained over 9% after it reported strong March quarter earnings, driven by robust growth in non-broking segments and margin expansion. Despite weakness in core broking revenues, diversified income streams supported profitability. Steady operational metrics and rising assets under management reflect resilience, with continued momentum expected from margin funding and distribution businesses.
Vaazha 2 OTT release new details: When and where to watch Savin Sa's Malayalam blockbuster movie after its theatrical run. Vaazha 3 confirmed
Vaazha 2: Biopic of a Billion Bros is enjoying strong box office success, becoming one of the top Malayalam films. The movie is expected to release on OTT in May, as per a report. Meanwhile, the writer Vipin Das sparked excitement among fans for the franchise’s next chapter. Read on to know more about it.
Mindspace REIT acquires 51% stake in 2.6-million-sq-ft Chennai IT park for Rs 1,500 cr
Mindspace Business Parks REIT has acquired a significant stake in a Chennai IT park. The deal values the property at Rs 3,000 crore. This acquisition, along with another recent purchase, strengthens the REIT's presence in Chennai. It positions Mindspace REIT as a major owner of commercial office assets in the city.
Anand Rathi Share & Stock Brokers Q4 Results: Profit more than doubles to Rs 41 crore despite market crash
Anand Rathi Share and Stock Brokers posted 126% YoY profit growth in Q4 to Rs 41.5 crore, driven by strong non-broking segments, margin expansion, and diversified revenue, despite weak broking income and volatile markets.
Paytm becomes majority Indian-owned as domestic investors increase stake
The shift marks a structural change in ownership for the fintech firm, with domestic shareholding rising steadily in recent quarters, reflecting growing investor confidence.
Mutual fund cash levels drop 12% to Rs 1.86 lakh crore, hit 16-month low in March amid aggressive equity buying
Mutual funds significantly reduced their cash holdings in March. This move indicates fund managers actively invested in the market during a period of correction. Despite global uncertainties, this strategy aimed to leverage potential investment opportunities. Several asset management companies deployed substantial cash reserves. This shift reflects a proactive approach to market dynamics.
Mazagon Dock acquires 51% stake in Colombo Dockyard for Rs 249.5 crore in first international acquisition
Mazagon Dock Shipbuilders Limited has acquired a 51% stake in Colombo Dockyard PLC. This marks India's first international acquisition in shipbuilding. The deal valued at Rs 249.5 crore strengthens MDL's regional presence. Colombo Dockyard is now a subsidiary of MDL. This move aligns with India's maritime strategy. The acquisition leverages Colombo Dockyard's strategic location and capabilities.
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