Infosys and Wipro shares faced heavy selling pressure after their ADRs plunged, driven by concerns that Anthropic’s new AI product could automate professional tasks. This development reignited fears that artificial intelligence might erode the profitability and competitive advantages of traditional IT services firms, leading to a broader market downturn.Read More
Coal India’s net profit saw a 16% year-on-year drop in Q3FY26, reaching Rs 7,166 crore, with revenue also declining. Despite this, the company declared a Rs 5.5 per share interim dividend. Foreign investors boosted their stake, while mutual funds reduced theirs. The stock’s technical indicators suggest neutral momentum.Read More
Hindustan Unilever reported a 30% drop in Q3 FY26 net profit from continuing operations to Rs 2,188 crore, despite a 5.6% revenue increase. The company anticipates a stronger FY27, driven by portfolio optimization and channel transformation, with early signs of consumption recovery observed.Read More
Unilever reported a modest annual profit increase after spinning off its ice cream division, including Ben & Jerry’s. The company’s net profit from retained brands rose 4.6% to $6.8 billion last year. Despite anticipating slower market conditions for 2026, Unilever expressed confidence in its focused strategy and disciplined execution.Read More
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