consolidated revenue

Lenskart reported a Q4 profit decline despite a 32% revenue surge to Rs 2,564.7 crore, driven by store expansion and international growth. For FY26, net profit rose to Rs 500.9 crore on Rs 8,988.3 crore revenue. The eyewear retailer is focusing on AI integration and expanding its omnichannel presence.

ITC Hotels showcased strong financial results, with Q4 FY26 revenue climbing 18% to Rs 1,254 crore and net profit up 22% to Rs 314 crore. Full-year revenue rose 16% to Rs 4,139 crore, while net profit surged 39% to Rs 888 crore. The company plans significant expansion, aiming for 250 hotels by 2031.

10% Weight For Contribution to Nat’l GDP Introduced

Tata Steel reported a more than two-fold jump in consolidated net profit to Rs 2,965 crore for the January-March quarter of FY26, driven by strong India operations and improved volumes. For the full fiscal year, net profit surged over three times to Rs 10,885.82 crore, with steel production and deliveries also seeing an increase.

PRO FX Tech reported a 37% revenue surge to Rs 177 crore and a 24% net profit increase to Rs 15 crore in FY26. This growth was fueled by strong demand for premium audio products and enhanced execution across retail and business segments, despite macroeconomic headwinds. The company anticipates exceeding Rs 200 crore in revenue this fiscal year.

Indian Hotels saw strong Q4FY26 results with revenue up 14% and profit by 15%, driven by robust hotel operations. UPL's Q4FY26 revenue grew 18%, but earnings were impacted by provisions. Oberoi Realty's Mumbai market shows promise, while PVR reported a 24% revenue jump. Nuvama's wealth and asset servicing segments are performing well.

Odisha has streamlined apartment registrations by amending the Indian Stamp Act, significantly reducing the financial burden on apartment owners' associations. A nominal Rs 50,000 stamp duty now applies for transferring common areas, replacing a previous 5% charge. This move aims to resolve registration bottlenecks and ease the use of shared facilities for residents.

In fact, ⁠IT has been the worst-performing major sector in the Indian market over the past 12-18 months. In May, 2026, the Nifty IT index touched a near 3-year low, losing more than a fourth of its value since the start of the year.

Billionaire Mark Cuban has raised concerns about OpenAI's business strategy. He believes the company is spending too much on infrastructure. Cuban suggests that rapidly advancing technology will make current investments unsustainable. He also doubts the long-term profitability of large AI models like ChatGPT. Internal tensions at OpenAI reportedly exist regarding cost control.