Stocks in news: IndusInd Bank, Adani Green, Kotak Bank, NTPC Green, Ola Electric
Indian markets closed lower for the fourth consecutive week amid mixed signals. Several companies like IndusInd Bank and Adani Green remained in focus due to Q1 results. IDFC First Bank, Kotak Mahindra Bank, and SBI Cards reported profit declines. Tata Chemicals saw a significant profit increase. Alembic Pharma received US FDA approval.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Markets ended lower for the fourth straight week as caution prevailed amid mixed cues. In today's trade, shares of IndusInd Bank Adani Green , Kotak Bank, NTPC Green Ola Electric among others will be in focus due to various news developments and first quarter results.BEL, Adani Green , IndusInd, Waaree Energies, Adani Total Gas, Mazagon Dock, RailTelShares of BEL, Adani Green, IndusInd, Waaree Energies, Adani Total Gas, Mazagon Dock and RailTel will be in focus as the companies will announce their first quarter results. IDFC First Bank has reported a 32% YoY decline in its profit after tax (PAT) at Rs 463 crore in the first quarter of the financial year 2026. Kotak Mahindra Bank reported a 47% year-on-year decline in its consolidated net profit for the June quarter at Rs 3,282 crore.NTPC Green signed MoU with Bihar State Power Generation Company Limited (BSPGCL) for development of Battery Energy Storage Projects and Renewable Energy Project forAlembic Pharma received US FDA Final nod for Carbamazepine Extended-Release tablets, which are indicated for use as an anticonvulsant.Ola Electric board approved proposed variation in the objects/terms of utilisation of the IPO proceeds and extension of time limit for utilisation of proceeds.SBI Cards reported a 6% year-on-year decline in net profit for the quarter ended June 2025, coming in at Rs 556 crore. Tata Chemicals reported a sharp 68% year-on-year rise in consolidated net profit for the quarter ended June 2025, with earnings climbing to Rs 252 crore.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
16 minutes ago
- Business Standard
Q1 results today: ABB, Federal Bank, Finolex among 56 firms on August 2
Q1FY26 company results: Balaji Amines, Neogen Chemicals, Medplus Health Services, and Advanced Enzyme Technologies are also to release their April-June quarter earnings reports today Apexa Rai New Delhi ABB India, Federal Bank, Balaji Amines, Mirza International, Neogen Chemicals, and Finolex Industries are scheduled to announce their earnings report for Q1FY26. A host of other companies also expected to declare their Q1 results today include Medplus Health Services, Advanced Enzyme Technologies, Gujarat Ambuja Exports, Sarda Energy & Minerals, IKIO Technologies, Exxaro Tiles, and Utkarsh Small Finance Bank. Q1 results highlights from August 1 ITC: Cigarette-to-soap conglomerate ITC reported a 3 per cent year-on-year (Y-o-Y) rise in consolidated net profit at ₹5,244.2 crore for Q1FY26, driven mainly by its cigarettes and agri businesses, up from ₹5,091.59 crore a year earlier. Consolidated gross revenue grew 19.5 per cent to ₹23,129 crore, while net revenue stood at ₹21,495 crore — exceeding Bloomberg estimates. Sequentially, gross revenue rose 13.5 per cent from ₹20,376 crore. PC Jeweller: The jewellery maker reported a 4 per cent year-on-year (Y-o-Y) rise in consolidated net profit at ₹161.93 crore for the quarter ended June 2025, up from ₹156.06 crore a year earlier. Total income surged to ₹807.88 crore in Q1FY26, compared to ₹439.78 crore in the same period last year. Last month, the board approved a ₹500 crore equity infusion from promoters and Capital Ventures Pvt Ltd to prepay loans, aiming to become debt-free by the end of this fiscal. Market close highlights from August 1 Indian benchmark equity indices closed lower on Friday, tracking global jitters after US President Donald Trump announced fresh tariffs on several trading partners, including 25 per cent tariffs on Indian imports, effective August 7. While the adjusted tariff on India was maintained at 25 per cent, the move weighed on investor sentiment. The BSE Sensex declined 585.67 points or 0.72 per cent to end at 80,599.91, after trading between 81,317.51 and 80,495.57. The NSE Nifty50 fell 203 points or 0.82 per cent to settle at 24,565.35, with an intraday range of 24,784.15 to 24,535.05. Barring Trent, Asian Paints, HUL, ITC, Kotak Mahindra Bank, and Reliance Industries, all Sensex components ended in the red. The top laggards included Sun Pharma, Tata Steel, Infosys, Maruti Suzuki India, and Tata Motors, which declined between 4.43 and 2.41 per cent. List of firms releasing Q1 FY26 results on August 2 Saven Technologies Ltd Aanchal Ispat Ltd ABB India Ltd Ad-Manum Finance Ltd Advanced Enzyme Technologies Ltd AJAX Engineering Ltd Albert David Ltd AMJ Land Holdings Ltd Antariksh Industries Ltd Annvrridhhi Ventures Ltd Ashika Credit Capital Ltd Atvo Enterprises Ltd Balaji Amines Ltd Bhageria Industries Ltd Bharat Bhushan Finance & Commodity Brokers Ltd Birla Precision Technologies Ltd Damodar Industries Ltd Eraaya Lifespaces Ltd Epigral Ltd Exxaro Tiles Ltd Federal Bank Ltd Finolex Industries Ltd Gujarat Ambuja Exports Ltd GSL Securities Ltd HB Estate Developers Ltd HB Leasing & Finance Company Ltd IKIO Technologies Ltd Incap Ltd Indo Thai Securities Ltd Krishna Ventures Ltd Lead Financial Services Ltd Madhav Infra Projects Ltd Manbro Industries Ltd Mawana Sugars Ltd Medplus Health Services Ltd Milestone Furniture Ltd Mirza International Ltd Neogen Chemicals Ltd Patels Airtemp India Ltd Pet Plastics Ltd Pioneer Agro Extracts Ltd Prime Industries Ltd Real Growth Corporation Ltd Sarda Energy & Minerals Ltd Shivkamal Impex Ltd Sirca Paints India Ltd Sportking India Ltd Stylam Industries Ltd Tashi India Ltd Tirupati Finlease Ltd Urja Global Ltd Utkarsh Small Finance Bank Ltd Veljan Denison Ltd Vishnu Chemicals Ltd VL E-Governance & IT Solutions Ltd Zenith Fibres Ltd
Economic Times
16 minutes ago
- Economic Times
Online ITR filing charges across six tax filing websites compared for AY 2025-26
ET Online ITR filing AY 2025-26: Comparative ITR filing charges across 6 tax filing platforms Individuals who are not liable for income tax audit have to file income tax return (ITR) by September 15, 2025, for FY 2024-25 (AY 2025-26). You can file the income tax return (ITR) yourself by logging into your account on the e-filing ITR portal or seek assistance from a Chartered Accountant to help you file the ITR. Additionally, there are several third-party websites available that can assist you in filling up the ITR form and its schedules. In the end, all submitted and verified ITR forms are processed through the e-filing ITR portal, but the methods used to fill up the form may vary. The tax department's portal allows you to file your income tax return (ITR) for free, but if you require help from a chartered accountant (CA) or specialised third-party websites, there will be a fee involved. If you need more specialized help such as data extraction, tax planning, or other services, you will have to either hire a Chartered Accountant or use services from various websites like Clear, TaxBuddy, TaxManager, Tax2Win, etc., for which you may also have to pay a let's look at the different filing options and the costs associated with filing income tax returns on popular portals. Also read: ITR filing 2025: Who can file ITR-2, who cannot file it for FY 2024-25 (AY 2025-26)? What are the types of plans most ITR filing websites offer? Broadly speaking, there can be three types of plans which most ITR filing websites offer: Self-filing: In this plan, you upload the documents and file the ITR yourself. You only get assistance with data handling and processing. In this plan, you upload the documents and file the ITR yourself. You only get assistance with data handling and processing. Assisted filing: You upload the documents and then a computer algorithm designed with inputs from a Chartered Accountant will help you file the ITR. You upload the documents and then a computer algorithm designed with inputs from a Chartered Accountant will help you file the ITR. Consulting with a Chartered Accountant for ITR filing: Here, the website's platform will set up a call or video call with their in-house CA/tax expert for a defined time, say 45 minutes. You can clear your doubts in this call and then file the ITR. ITR filing charges compared across multiple different websites Service Type TaxSpanner Tax Buddy Tax Expert Assisted Assisted Salary - Income Less than Rs 50 Lakh annually Rs 1,250 Rs 2,539 Rs 1,000 Rs 1,274 Rs 899 Rs 999 Tax Expert Assisted Assisted Salary - Income more than Rs 50 Lakh annually Rs 5,000 Rs 4,719 Rs 2,000 Rs 1,274 Rs 6,499 Rs 999 Tax Expert Assisted Assisted - Capital Gains Rs 4,500 Rs 4,719 Rs 4,000 Rs 4,249 Rs 3,149 Ras 2,999 Tax Expert Assisted - Professional/ Self Employed/ Consultants Rs 5,000 Rs 4,719 Rs 5,000 Rs 2,655 Rs 6,499 Rs 2,499 Tax Expert Assisted - NRI Rs 5,000 Rs 6,759 Rs 2,000 Rs 7,968 Rs 5,399 Rs 4,499 Tax Expert Assisted - Foreign Income Rs 7,500 Rs 6,759 Rs 6,000 Rs 10,624 Rs 5,399 Rs 7,499 Source: Respective websites as of August 1, 2025 Also read: Error in ITR-2 online utility: CA highlights technical bug which may lead to taxpayers with capital gains income, carry forward loss getting scrutiny notices later Note: Tax2Win has a plan starting from Rs 49 plus GST. In this plan you file the ITR yourself but use only the data extraction service of Tax2Win. You will not get the support of CA in this plan. Myitreturn has a plan starting from Rs 99 where you can file the ITR using their app, without any CA's assistance. Tax2Win Source: Tax2Win website Source:
Economic Times
16 minutes ago
- Economic Times
No Iron Don to protect D-Street, indices slump 1% under US fire
India's equity indices ended almost 1% lower on Friday, marking their fifth straight week of losses-the longest losing streak in two years-as concerns over the fallout of US tariffs on Indian exports weighed on sentiment. ADVERTISEMENT The NSE Nifty fell 0.8% or 203 points to finish at 24,565.35. The BSE Sensex moved 0.7% or 585.67 points lower at 80,599.91. Both indices declined 1.1% in the past week. "The structural long-term trend is dictated by the earnings, which are around expectations; however, the challenge is the lack of enough clarity on the tariff front, and this uncertainty is expected to linger," said Pankaj Pandey, head of retail research at ICICI Direct. "From that perspective, the market is lacking a near-term trigger for a decisive move." The recent losing run, initially triggered by fatigue after a strong rebound, has been exacerbated by Donald Trump's announcement that the US will impose 25% tariffs on Indian exports, along with an additional non-tariff penalty for buying crude oil and military equipment from said a pullback was due after Nifty's surge from 22,000 levels to almost 25,700 levels in the last couple of months. ADVERTISEMENT "The five consecutive weeks of losses in Nifty were marked by foreign selling with the overseas investors remaining 90% short on index futures-a multi-month low that added selling pressure amid tariff imposition concerns," said Nilesh Jain, head of derivatives and technical research at Centrum are watching whether the Nifty is able to hold above a key support of 24,000. ADVERTISEMENT "A further dip towards the 200-day moving average of 24,000 levels could be a short-term bottom, and investors can accumulate quality stocks," said Jain. "A sharp and sustainable rebound is expected around 24,000 levels, but it may take some more time to materialise." The Nifty Midcap 150 and the Smallcap 250 indices declined 1.3% and 1.6%, respectively, on Friday. Out of the 4,169 shares traded on the BSE, 1,297 advanced, while 2,718 declined. In the past week, the mid-cap index shed 1.9% while the small-cap index tumbled 3%. ADVERTISEMENT Pharma stocks were among the top losers on reports that Trump has asked 17 of the world's biggest pharmaceutical majors to lower prices of existing drugs. Sun Pharmaceutical Industries tumbled 4.5% on Friday, emerging as the biggest loser on the index, after the first-quarter net profit fell 20%. The Nifty Pharma index dropped 3.3%Foreign portfolio investors (FPIs) sold shares worth a net of ₹3,366.4 crore on Friday. Their domestic counterparts bought shares worth ₹3,186.9 crore. In July, overseas investors dumped shares worth 38,214.5 crore- the highest selling since February this home, the Volatility Index or VIX-the market's fear gauge-gained 3.7% to almost 12 on Friday, indicating traders expect higher risks in the near term. ADVERTISEMENT Elsewhere in Asia, South Korea tumbled almost 4%, while Hong Kong and Japan fell 1.1% and 0.7%, respectively. China and Taiwan declined around 0.5% each.
