Savings Effect

Patel Engineering: Guidance -- Concall Update Management expects FY '27 revenue to grow by 10%, with momentum strengthening from the second half of FY '27 onwards. The company anticipates securing new orders worth approximately INR 8,000 crores during FY '27. Management targets INR 150 crores to INR 200 crores from non-core asset monetization in FY '27, similar to FY '26. Interest costs are not expected to increase drastically in the next financial year, remaining around current levels. The company aims to reduce promoter pledge by around 15% to 20%, with an update expected in the next quarter after contacting lenders.

Indian benchmark indices opened higher on Friday, with the Sensex rising 98.38 points to 75,497.10 and the Nifty gaining 41.80 points to 23,731.40 in early trade.

The Income-Tax department can issue notices for discrepancies in tax returns. A notice doesn't imply trouble but may require correction. Taxpayers should verify notices online and respond promptly with necessary documents to avoid penalties.

Gold Smuggling Concerns Rise Post Import Duty Hike | Gold Loan Companies To Benefit From The Hike The Directorate of Revenue Intelligence (DRI), in its official reports, has repeatedly linked rising import duty and high domestic gold prices with increased smuggling activity. The rally in gold financiers was driven by the price rise after the duty hike. When the government increases import duty, imported gold becomes more expensive. That eventually pushes up domestic gold prices as well.

Petrol, diesel rates increased by Rs 3 per litre days after PM Modi's austerity appeal amid mounting OMC losses

Regulators discuss ways to enhance financial sector resilience amid geopolitical frictions

US authorities moving to end fraud cases against Gautam Adani

Oil marketing companies raised petrol and diesel prices across the four metro cities on Friday. The prices were raised by around ₹3 per litre for both fuels, in line with the recent increase in global energy prices amid the ongoing West Asia war, which has caused a supply crunch.

AdaniGreen Says: US SEC, #Gautam & #SagarAdani have filed request for entry of final judgment before the #US Court 🔴Gautam & Sagar #Adani Consented To Entry Of Final Judgment Without Admitting/Denying Allegations 🔴Gautam & Sagar Adani Consented To Payment Of A Civil Penalty Of $6 m & $12 m Respectively 🔴Final Judgment Of The US Eastern District Ny Court Is Awaited

FUJIYAMA POWER SYSTEMS: CO APPROVES RUPEES 350 CRORE INVESTMENT FOR 1.2 GW TOPCON SOLAR CELL FACILITY AT RATLAM

WELSPUN CORP: CO SECURES RUPEES 700 CR US LSAW PIPES ORDER; GLOBAL ORDER BOOK RISES TO RUPEES 25,350 CR

HUBTOWN: Q4 CONS NET PROFIT 228M RUPEES VS 35.3M (YOY) HUBTOWN: Q4 REVENUE 1.6B RUPEES VS 967.5M (YOY) HUBTOWN: Q4 EBITDA 785M RUPEES VS 85M (YOY) || Q4 EBITDA MARGIN 49% VS 9% (YOY)