India Inc sees first earnings upgrade after a gap of 5 quarters

India Inc has recorded its first aggregate earnings upgrade in five quarters, driven by mid- and large-cap firms, signaling a turnaround in the corporate profit cycle. Motilal Oswal raised FY26 PAT estimates by 2% after a series of cuts over the previous four quarters, marking a clear inflection in earnings revisions.

Claims lack consistency and context, says Arul Selvan D on Chola allegations

Cholamandalam Investment and Finance Company (Chola) has refuted allegations of financial impropriety, asserting that all past transactions adhered to prevailing laws and regulatory frameworks. Management clarified that disclosures and fund diversions, including insurance transactions and payments to family members, were conducted with business rationale and proper approvals, emphasizing that current norms should not be retroactively […]

Coal India subsidiary IPOs could boost shareholder returns: Parthiv Jhonsa

Coal India is set to unlock significant shareholder value with the upcoming listings of its major subsidiaries, BCCL, SECL, and MCL. Industry experts view this as a positive move, with MCL particularly noted for its operational efficiency. While holding company discounts are anticipated, the extent will depend on dilution levels and remaining subsidiaries.

Coal India shares jump over 1% after in-principle nod for listing of MCL, SECL

In a significant boost for investors, Coal India has seen its shares gain traction after the announcement of plans to list its subsidiaries, Mahanadi Coalfields Limited and South Eastern Coalfields Limited. This strategic initiative aligns with directives from the Ministry of Coal, paving the way for further communications with the Ministry regarding submissions to DIPAM.

Vikran Engineering shares zoom 15% on Rs 2,035 crore solar EPC order win

Vikran Engineering shares rose sharply on Wednesday after the company secured a Rs 2,035 crore EPC order from Onix Renewables for developing 600 MW AC solar projects in Maharashtra. The turnkey project, to be completed in 12 months, strengthens Vikran’s renewable energy portfolio and boosts its order book.