Sunday, August 16
Shares of Tejas Networks witnessed selling pressure in Monday’s early trade, sinking 7.8% to their new 52-week low of Rs 384.15 on the BSE after the company reported a weak set of numbers for the quarter ended December of the financial year 2026.Domestic telecom equipment maker Tejas Networks on Friday reported a consolidated loss of Rs 196.55 crore for the October–December quarter, marking its second consecutive quarterly loss. The weak performance was largely driven by a sharp decline in sales, including the deferment of purchase orders from state-owned Bharat Sanchar Nigam Limited (BSNL). In the same quarter last year, the company had posted a profit of Rs 165.67 crore.Consolidated revenue from operations fell sharply by about 88% year-on-year to Rs 307 crore in the December 2025 qu
Alphabet hit a $4 trillion market valuation on Monday, as the Google parent's sharpened artificial intelligence focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race.The tech giant on Wednesday surpassed Apple in market capitalization for the first time since 2019, becoming the second most valuable company in the world.The milestones mark a remarkable change in investor sentiment for Alphabet, with its stock surging about 65% in 2025, outperforming its peers on Wall Street's elite group of stocks, the so-called Magnificent Seven. The stock has gained another 6% so far this year, and was last up 1.1%. The shift was fueled by the company quelling concerns that it let an early AI advantage slip by turning a once-overlooked clo
The much-anticipated listing of Bharat Coking Coal may not play out exactly as scheduled, with a mid-week market closure and settlement holiday on January 15 raising the likelihood of a short delay in its stock market debut.Stock exchanges will remain shut on January 15 due to municipal corporation elections in Maharashtra, a development that could disrupt the IPO's post-closure processes such as refunds and credit of shares. While the tentative listing date is January 16, the sequence of events suggests the listing could slip to January 19, subject to official confirmation.In a circular, the BSE said trading across equity, equity derivatives, commodity derivatives and electronic gold receipts will remain closed on January 15. The day has also been declared a settlement holiday, typically
