Elecon Engineering Company’s shares plunged 13.2% after reporting a 33% drop in Q3 FY26 net profit to Rs 72 crore, despite a marginal 4.3% revenue increase. The company cited order inflow delays and increased employee costs impacting EBITDA margins. However, management expressed confidence in future recovery due to healthy open orders and steady demand from key domestic and overseas industries.
Losing $1 billion a day: Gurmeet Chadha urges PMO, Finance Ministry to revisit capital gains tax, STT
Gurmeet Chadha has urged the government to revisit capital gains tax and STT, citing sustained foreign capital outflows. He claims India is losing nearly $1
April 3, 2026