AU Small Finance Bank on Saturday reported a 16% year-on-year increase in its net profit to Rs 581 crore for the first quarter of FY26, up from Rs 503 crore in the same period last year. The Jaipur-headquartered lender posted growth in both income and profitability, though asset quality weakened during the quarter.Total income for…
HDFC Bank on Saturday declared its first-ever bonus issue, approving a 1:1 allotment ratio under which shareholders will receive one fully paid-up equity share of face value Rs 1 for every one equity share held. This marks a historic first for India’s largest private sector lender since its inception.The bank’s board has fixed Wednesday, August…
The government officially notified hallmarking standards for 9 karat gold, in a move aimed at reviving consumer interest in gold jewellery amid record-high prices. Until now, the Bureau of Indian Standards (BIS) had permitted hallmarking only for gold in 24, 23, 22, 20, 18, and 14 karats.The ministry of consumer affairs issued the notification on…
RBL Bank reported a 46% year-on-year fall in net profit to Rs 200 crore for the June 2025 quarter, as lower core income and narrowing interest margins weighed on its bottom line. The private sector lender had posted a net profit of Rs 372 crore in the same quarter last year and Rs 69 crore…
Union Bank of India on Saturday reported a 12% rise in net profit to Rs 4,116 crore for the April–June quarter of FY26, compared with Rs 3,679 crore in the same period last year.Total income increased to Rs 31,791 crore in Q1 FY26 from Rs 30,874 crore a year ago. Interest income rose to Rs…
Niti Aayog has recommended a major policy shift in the country’s global investment landscape, proposing that Chinese entities be allowed to acquire up to a 24% stake in Indian companies without the need for additional security clearance.The move could potentially ease the investment process for firms from the neighbouring country, which currently face lengthy delays…
The Reserve Bank of India may have room to cut policy rates amid weak urban consumption and uncertain global demand, according to a report by ICICI Bank.These trends, combined with easing inflation, could prompt the Monetary Policy Committee (MPC) to consider lowering the benchmark interest rate by 25 basis points as early as August. The…
MUMBAI: The US-based Viceroy Research’s report on Vedanta Group contains serious allegations, causing harm to the conglomerate’s business and reputation, former Chief Justice of India D Y Chandrachud has said in his legal opinion. “The elements required to establish defamation — both civil and criminal — are satisfied in this case, given that Viceroy has…
Russia oil sanctions: Both Nayara and RIL now confront possible exclusion from EU markets, according to industry experts and analysts. (AI image) Russia oil sanctions impact: Both Nayara Energy and Reliance Industries Limited (RIL) are likely to face challenges from the fresh sanctions imposed by the European Union on Russia oil.The EU introduced its 18th…
India and the United States have concluded the fifth round of negotiations for the proposed Bilateral Trade Agreement (BTA) in Washington. The talks, which took place over four days from July 14 to 17, were led by India’s chief negotiator and special secretary in the department of commerce, Rajesh Agrawal.“The Indian team is coming back,”…
