Performer Financial News

Subscribe to enjoy similar stories.BENGALURU: Small Indian IT services firms are increasingly diverging in performance, as weak deal momentum and sharper competition reshape growth patterns across the sub-$1 billion revenue cohort.Within the segment, revenue growth slowed in fiscal year 2026 (FY26) compared with the previous year, underscoring a widening gap between outperformers and laggards even as one company entered the $100 million revenue club.Save for Sasken Technologies Ltd, which doubled its revenue last fiscal year on the back of its largest acquisition, Birlasoft Ltd and Cyient DET reported their second straight year of revenue decline. Mastek Ltd and Zensar Technologies Ltd grew at 3.1% each in FY26, slower than the 10.9% and 5.4% growth, respectively, in the previous year.The divergence reflects intensifying competition among smaller IT firms as they defend market share against larger peers, while also adjusting to rapid artificial intelligence (AI)-driven shifts in demand and client priorities.At the same time, the ranking within the segment is shifting.

Subscribe to enjoy similar stories.NEW DELHI: The Centre is preparing to crack down on the illegal sale, distribution and misuse of sexual enhancement medicines, with the drug regulator warning that it has become a threat to both public safety and social dignity, according to two government officials and a document reviewed by Mint.This regulatory action against unauthorized products sold without valid prescriptions has been ordered by Drugs Controller General of India (DCGI) Dr. Rajeev Singh Raghuvanshi.

Subscribe to enjoy similar stories.Renewed hostilities near the Strait of Hormuz sparked a choppy retreat in domestic equities, even as favourable state-election outcomes provided a brief cushion to markets this week. Benchmark indices fell about 0.6% on Friday amid a global risk-off mood, as Iran accused the US of breaching their ceasefire agreement, citing attacks on its oil tankers and air strikes on coastal areas.But markets ultimately eked out marginal weekly gains, though the underlying sentiment remained fragile and directionless.

Subscribe to enjoy similar stories.Dabur India Ltd’s March quarter (Q4FY26) numbers are steady, but not particularly exciting for a company that trades at relatively high valuations. Consolidated revenue grew 7.3% year-on-year to ₹3,038 crore, while full-year FY26 growth stood at 5% to ₹13,193 crore.Ebitda margin was flat year-on-year at 15.2% in Q4FY26. The quarter reflects that Dabur is still trying to find a stronger growth trajectory.

Subscribe to enjoy similar stories.Investors of Bajaj Auto and Hero MotoCorp stocks have little to complain about their March quarter (Q4FY26) performances. After all, Bajaj and Hero’s Ebitda grew by 36% and 31% year-on-year, respectively, to ₹3,323 crore and ₹1,856 crore.The companies tackled sequential profitability concerns over high input costs well. This reflects in the sequential improvement in Ebitda per vehicle by 3% for Bajaj to ₹24,200 and by 1.5% for Hero to ₹10,800.So, what led to the stellar show? Profitability protection by increasing the average selling price (ASP) and robust sales volume growth.

Subscribe to enjoy similar stories.Aditya Birla Sun Life Asset Management Co. is raising a ₹2,000 crore alternative investment fund (AIF) that will target the stocks of mid- and small-cap companies, joining a growing list of asset managers targeting wealthy investors with hedge fund-style products.The fund, ABSL Select Sector Fund, will open with a base corpus of ₹1,500 crore and a greenshoe option of ₹500 crore, executives at the Mumbai-based firm said.

Subscribe to enjoy similar stories.As part of a substantive change in rules, the Academy of Motion Picture Arts and Sciences has emphasized that only acting “demonstrably performed by humans” and “human-authored” writings will qualify for Oscar awards. The rules have been updated to address cases like that of an AI-generated version of the deceased actor Val Kilmer vying for an award.Note that AI usage in Oscar-nominated movies in 2024 and 2025 focused on augmentation—including voice cloning and enhancement and visual effects—rather than creation. For example, in The Brutalist, AI had enhanced actors’ Hungarian accents.

Subscribe to enjoy similar stories.Banks are at their peak performance in India. Credit growth is faster than nominal GDP growth, world-class digital platforms have arisen and regulations have been supportive. Return on assets reached a milestone 1.4% and gross non-performing assets (NPAs) fell to a 13-year low in fiscal year 2024-25.

Subscribe to enjoy similar stories.The weak performance of Indian shares hasn’t just dampened wealth creation, it has also put India’s stock market at risk of being overtaken in terms of capitalization by the bourses of smaller economies. Catching up fast are Taiwan and South Korea; the former’s market cap is now about $4.6 trillion, within sniffing distance of India’s $4.9 trillion, and South Korea’s is at about $4.2 trillion.

Subscribe to enjoy similar stories.Chennai-based Veritas Finance, a non-banking financial company, is exploring a private transaction worth ₹800–1,000 crore to facilitate exits for early investors after facing repeated delays in its public listing, three people familiar with the matter said.“The transaction is expected to give exits to some of its early backers like Lok Capital and British International Investment (BII), who have been invested in the company for a long time,” one of the people cited above said.Veritas’ move to explore a private market deal comes as it seeks to improve financial performance and reattempt a listing when public market valuations become more stable and conducive.“The round is likely to be secondary in nature and could become larger if other investors including Kedaara Capital and Norwest Venture Partners also look to sell some stake opportunistically,” the second person said.The person added that the company has also held discussions with investment banks including Avendus for a private transaction, although a formal banker appointment is due in the coming weeks.Veritas competes with Shriram Finance, Aye Finance, Vistaar Finance, Five Star Business Finance, Indostar Capital, Bajaj Finserv, Equitas Small Finance Bank and Lendingkart, among others.Veritas, Avendus, Norwest, and BII declined to comment while Kedaara and Lok Capital did not respond to Mint’s emails sent on Tuesday.“While the exact deal terms are yet to be decided, the company doesn’t need much primary capital at this stage so the round will largely be a secondary transaction,” a third person said, confirming the above details.In a secondary transaction, shareholders sell their stakes to other existing or new investors, and no

Subscribe to enjoy similar stories.Data released on Tuesday by the Federation of Automobile Dealers Associations in India shows that automobile retail sales rose 13% from a year earlier to over 2.6 million units in April, the best-ever performance for this month. The growth was broad-based, with five of the six main segments posting record numbers; all barring construction equipment, that is.

Subscribe to enjoy similar stories.The emphatic victory of the Bharatiya Janata Party (BJP) in elections to the West Bengal assembly focuses attention on an important aspect of India’s political economy: the role of politics and governance in economic development. The link is hard to quantify, especially in an era where economics is increasingly about mathematical models.

Subscribe to enjoy similar stories.The central government’s procurement from micro and small enterprises (MSEs) rose 21% to ₹1.14 trillion in FY26, according to the MSME Sambandh portal. This surge meant smaller firms bagged nearly half (48.91%) of all central government orders, a significant increase from the 43.28% ( ₹93,971 crore) recorded in FY25.This performance far exceeds the statutory requirement for the government to source at least 25% of its orders from MSEs.Industry stakeholders and experts suggested the rising volumes reflected growing MSME inclusion within the national economy.

Subscribe to enjoy similar stories.Stock market recap: Indian equity markets ended Tuesday’s session on a cautious note, with the Nifty 50 declining 0.36% to settle at 24,032.80. The index saw volatile consolidation through the day, moving between an intraday low of 23,882.05 and a high of 24,081.70.Market breadth was mildly negative, with 1,604 stocks advancing against 1,680 declining, indicating a broadly balanced but slightly bearish undertone.Sectoral performance was mixed.

Subscribe to enjoy similar stories.Stock market recap: Frontline indices, the Sensex and the Nifty 50, ended in the negative territory on Tuesday, largely due to profit booking in select banking and financial heavyweights.The 30-share pack Sensex closed 252 points, or 0.33%, lower at 77,017.79, while the NSE barometer Nifty 50 ended at 24,032.80, down 87 points, or 0.36%.Amid a series of upcoming events set to shape market sentiment, markets navigate an environment clouded with uncertainty.Three stocks to trade, recommended by NeoTrader’s Raja Venkatraman:ABCAPITAL (Cmp ₹360.85)ABCAPITAL: Buy above ₹363, stop ₹340 target ₹405 (Multiday)AUROPHARMA (Cmp ₹1428.10)AUROPHARMA: Buy above ₹1430, stop ₹1390 target ₹1550 (Multiday) FINCABLES (Cmp ₹1054.95)FINCABLES: Buy above ₹1060, stop ₹1020 target ₹1150 (Multiday)Stock Market RecapOn 5 May 2026, Indian equities ended lower in a volatile session ahead of the Nifty weekly F&O expiry. The Sensex slipped 251.61 points or 0.33% to close at 77,017.79, while the Nifty fell 86.5 points or 0.36% to settle at 24,032.80.

Subscribe to enjoy similar stories.To call Varijashree Venugopal, 35, “multifaceted” feels like compressing a wide canvas into a tiny capsule. A child prodigy who started performing when she was four, the Bengalurean is today a flautist, singer, music composer and a serial collaborator who’s worked with eminent musicians like Rajesh Vaidya, Herbie Hancock, Bobby McFerrin and Michael League. In 2024, she was nominated along with Jacob Collier and Anoushka Shankar for the Grammy for Best Global Music Performance for the track A Rock Somewhere, featured on the album Djesse Vol. 4. She is also attributed as the creator of “Carnatic Scat” singing, a vocal style that blends carnatic singing with jazz.“As a musician I am a lot into improvisation and experimentation and it applies across projects and collaborations.

Subscribe to enjoy similar stories.Stock market recap: Indian equity benchmarks ended the session higher on Monday 4 May, with the Nifty 50 rising 121.75 points (0.51%) to close at 24,119.30. The Sensex gained 355.90 points (0.46%) to finish at 77,269.40.

Subscribe to enjoy similar stories.New Delhi: Poriborton (meaning change in Bengali) was the big call across West Bengal, and poriborton it was when the final results emerged on Monday.The Narendra Modi-led Bharatiya Janata Party (BJP) is set to register a watershed win in the 294-member assembly to unseat the ruling Mamata Banerjee-led Trinamool Congress (TMC) and end a 15-year rule.As of 5.30 pm, BJP had a vote share of 45.4% and had won or was leading in 202 of the 293 seats for which results are available. It was largely a binary contest, and the other parties, like the Indian National Congress (INC) and Communist parties, barely registered a presence in seats.In the 2021 assembly polls, the BJP had emerged as the leading opposition party with 77 seats and around 38% vote share, up from a mere three seats and 10% vote share in 2016.

Subscribe to enjoy similar stories.Once seen as competition to mutual funds, portfolio management services (PMS) providers are increasingly using them as building blocks. They are offering curated mutual fund (MF) portfolios to high-net-worth individuals (HNIs) who want the simplicity of MFs combined with professional, end-to-end portfolio management and execution.

Subscribe to enjoy similar stories.A regulatory effort to keep the national power grid stable and make green power more reliable may wreck the revenues of producers and potentially lead to tariff hikes, industry executives warned. The regulator has proposed steep penalties for companies which are under- or over-producing power, rattling solar and wind power firms dependent on the vagaries of weather.In the power sector, a deviation settlement mechanism (DSM) penalizes producers when what they deliver to discoms differs from what they promised.

Subscribe to enjoy similar stories.There is a tendency to think of mutual funds in binary terms: either actively managed or passive index funds. In reality, it’s a spectrum. Some active funds diverge sharply from their benchmark, making concentrated bets the index barely touches.