📰 Latest Economy & Stock Market News
Polycab India Q4 results: Profit rises 7% to Rs 786 crore; co declares Rs 47/share dividend
Updated at : 2026-05-06 19:50:01

Electrical goods maker Polycab India reported a strong Q4 with 27% revenue growth to Rs 8,865 crore, driven by robust wires & cables and FMEG performance. Profit rose 7% to Rs 786 crore, while FY26 marked record revenues, margins, and a Rs 47/share dividend.

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Shree Cement Q4 results: Cons PAT falls 8% YoY to Rs 526 cr despite 10% revenue uptick. Rs 70/share dividend declared
Updated at : 2026-05-06 19:45:02

Cement maker Shree Cement reported an 8% YoY drop in Q4 consolidated PAT to Rs 526 crore, even as revenue rose 10% to Rs 6,101 crore. The board declared a Rs 70/share dividend. Strong volume growth and expanding RMC operations supported sequential improvement in profitability.

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PB Fintech Q4 Results: Profit jumps 54% to Rs 261 crore
Updated at : 2026-05-06 19:40:02

PB Fintech reported a 54% rise in Q4 profit driven by strong insurance premium growth, higher renewal income and steady lending momentum. Revenue surged, margins improved, and full-year performance remained robust with significant expansion across core and new business segments

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Sun Pharma, 5 stocks hit 52-week highs, rally up to 25% in a month
Updated at : 2026-05-06 19:35:02

Sensex surged 940 points as six BSE 100 stocks hit 52-week highs, signalling strong bullish momentum. Stocks like Adani Ports, Nestle India and Sun Pharma led gains, supported by solid monthly performance and positive investor sentiment in a rising market

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Bajaj Auto Q4 Results: Standalone profit jumps 34% YoY to Rs 2,746 crore, revenue surges 32%; Rs 150 per share dividend announced
Updated at : 2026-05-06 19:30:02

Bajaj Auto Q4 Results: Bajaj Auto reported a standalone net profit at Rs 2,746 crore in the March-ended quarter versus Rs 2,049 crore in the year ago period, implying a 34% YoY increase.

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US stocks today: US market opens higher as Middle East peace hopes, AI optimism boost sentiment
Updated at : 2026-05-06 19:25:02

Wall Street indexes opened higher on Wednesday, continuing a strong trend fueled by hopes of a U.S.-Iran peace agreement and ongoing enthusiasm for artificial intelligence. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw gains at the opening bell.

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Why Gulf NRIs are turning to Indian equities as real estate sees an exit
Updated at : 2026-05-06 19:20:01

GCC-based NRIs are increasingly favouring Indian equities over real estate, with 73% boosting exposure and many deploying fresh capital. The shift reflects a structural change in wealth strategies, driven by confidence, disciplined investing and India’s growing appeal as a long-term investment destination

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Curbing release of Fed meeting transcripts may improve debate, Warsh says in book
Updated at : 2026-05-06 18:40:01

The release of transcripts of Federal Reserve rate-setting ​meetings, a cornerstone of its transparency for more than 30 years, undermines the debate needed to set good monetary policy, incoming U.S. central bank chief Kevin Warsh says in an upcoming book, ​remarks that echo his wider desire to overhaul the Fed.

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Mindspace REIT raises Rs 500 cr through 10-year NCD issue
Updated at : 2026-05-06 18:35:02

Mindspace Business Parks REIT raised Rs 500 crore through 10-year NCDs at 7.63% coupon, fully subscribed by an insurer. Funds will refinance debt, enhance cost predictability and support long-term stability, backed by strong credit ratings and diversified investor participation across instruments

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