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Mumbai: Axis Bank reported a 4% fall in its June quarter net profit to ₹5,806 crore, below consensus estimates, as provisions rose sharply at the private lender and business income was tepid. Analysts polled by Bloomberg had estimated PAT at ₹6,375.8 crore. The lender had reported profits of ₹6,034.6 crore in the same period last year. Net interest income or the core income of the bank for the quarter under review was flat at ₹13,560 crores versus ₹13,448 crore in the corresponding quarter last ...Read More >
The National Stock Exchange of India (NSE) ranked fourth globally in initial public offering (IPO) fundraising during the first half of 2025, raising $5.51 billion, according to S&P Global Market Intelligence. The NSE came in behind the Nasdaq Global Market, NYSE and the Nasdaq Global Select Market, accounting for 8.9% of worldwide IPO proceeds during the period. Despite a slower start compared to the same period last year, Indian markets saw 119 IPOs in the first six months of 2025, raising a ...Read More >
New Delhi [India], July 15 (ANI): Indian edible oil refiners are set to see their revenues decline 2-3 per cent on-year to Rs 2.6 lakh crore this fiscal due to lower realisations, even as volumes grow 2.8-3.0 per cent on-year, according to the credit rating agency Crisil Ratings. The firm stated that this comes after a 15 per cent revenue growth witnessed in fiscal 2025. Also Read | Shubhanshu Shukla's International Space Station Experience Extremely Valuable for India's Gaganyaan Human Spacef ...Read More >
New Delhi, Jul 15 (PTI) Cabinet Secretary T V Somanathan has flagged the "perceived reluctance" among several senior central government officials to give appointments to people, saying such interactions can give insights into ground realities, and clarify misunderstandings about government policies or intentions. In a letter to the secretaries of all central government ministries and departments, the country's top bureaucrat also said that such meetings should be held in offices and not clubs o ...Read More >
Mumbai: ICICI Lombard reported a 28% rise in net profit to Rs 747 crore for the June quarter, driven by higher capital gains and improved returns on equity. Profit after tax rose from Rs 580 crore a year earlier. Profit before tax rose to Rs 994 crore from Rs 774 crore, while capital gains during the quarter climbed to Rs 380 crore from Rs 284 crore.Gross direct premium income stood at Rs 7735 crore, up 0.6% from Rs 7688 crore. The company attributed the modest growth to changes in accounting ru ...Read More >
Mumbai, Jul 15 (PTI) Edible oil refiners are expected to witness a 2-3 per cent year-on-year decline in revenue to Rs 2.6 lakh crore in FY26 due to lower realisations, a report said on Tuesday. However, volumes are likely to grow 2.8-3.0 per cent year-on-year, Crisil Ratings said in the report. As a result, operating margin is expected to shrink 30-50 basis points to 3.3-3.5 per cent. But stable working capital requirements and lower capital expenditure (capex) will keep credit profiles stable ...Read More >
India stands at a critical economic juncture. The combination of sound domestic macroeconomics and rising external frictions presents both a test and an opportunity. As India demonstrates strengthening macroeconomic foundations, escalating trade tensions with the United States marked by sharply higher tariffs and legislative threats create a defining moment for New Delhi's economic policy and diplomacy. Balancing internal stability with external pressure, India must now engage the shifting land ...Read More >
Bengaluru : ACCA (the Association of Chartered Certified Accountants), a globally recognised professional accountancy body, and the prestigious management institution, the Indian Institute of Management Nagpur (IIM Nagpur), today announced the signing of a Memorandum of Understanding (MoU) to enhance educational opportunities in the field of accounting and finance. The signing was officiated by Prabhanshu Mittal, ACCA's Head of Educational Partner Relationships - India and Prof. Bhimaraya Metri, ...Read More >
Bengaluru : India's digital commerce landscape is undergoing a seismic transformation, driven by deep rural internet penetration, explosive growth in Direct-to-Consumer (D2C) brands, and the rapid adoption of Artificial Intelligence (AI) in the retail sector. According to the Made for Bharat, Powered by AI: The New Age of Commerce Report by Shiprocket and KPMG, with 886 million active internet users 55% from rural India and UPI accounting for 84% of all retail digital payments, Bharat is not jus ...Read More >
Bengaluru : AI will reshape the accountancy profession by changing how tasks are completed at all levels. Leading global accountancy body, ACCA (the Association of Chartered Certified Accountants) says that as AI becomes more commonplace, new responsibilities and tasks will emerge for finance teams as they focus on improving controls and specifying the desired information outcomes from machine use. New roles are also expected to support activities ensuring AI systems remain accurate and complia ...Read More >
New Delhi [India], July 14 (ANI): Opening India's dairy sector to US imports could result in an annual loss of Rs 1.03 lakh crore to Indian dairy farmers, according to a recent report by the State Bank of India (SBI). The report cautioned that the move would significantly impact the livelihoods of small dairy farmers, as the US dairy sector is heavily subsidized. Also Read | Bitcoin Price Hits All-Time High Today, Cryptocurrency Surpasses USD 1,21,000 Mark for First Time. SBI stated, "If the ...Read More >
New Delhi, Jul 11 (PTI) Religare Enterprises on Friday said its board has approved a proposal to raise Rs 1,500 crore through the preferential allotment of warrants to support the company's business expansion plans and drive new strategic initiatives. Of this amount, entities linked to the Burman family, owners of Dabur, will contribute Rs 750 crore, accounting for 50 per cent of the total fundraise, while the remaining amount will be infused by The Hindustan Times Ltd, investors Ashish Dhawan, ...Read More >
BusinessWire India Gurugram (Haryana) [India], July 10: Antara AGEasy, the D2C business of one of the leading senior care ecosystems in India - Antara Senior Care - has partnered with celebrated actor Anupam Kher to launch a comprehensive digital campaign that transforms conversations around ageing in India. The collaboration brings together Mr Kher's authentic voice on active ageing with Antara AGEasy's expertise in senior-focused health and wellness products. Driving a movement that encourage ...Read More >
MUMBAI : The annual information statement (AIS), introduced by the Income Tax Department to enhance transparency, is instead creating hassles for taxpayers by reporting incorrect incomes, according to chartered accountants. Introduced in 2021, the AIS gives a snapshot of financial transactions -- ranging from securities and mutual funds to property deals and fixed deposits -- during a fiscal year, sourced from multiple reporting entities such as banks, registrars, depositories, and sub-registra ...Read More >
Mumbai (Maharashtra) [India], July 10: Uniqus Consultech, a tech-enabled global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, ESG, and technology domains, announced a strategic alliance with Anecdotes, an AI-native governance, risk & compliance (GRC) platform that identifies gaps, strengthens, and scales GRC programs. Also Read | Guru Purnima 2025 Quotes in Marathi for Free Download Online: Send Guru Purnima Shubhechha Images to G ...Read More >
New Delhi: The retail asset securitisation market in India has shown steady growth in the first quarter (Q1) of FY26, with a total transaction volume of Rs52,000 crore, a new report said on Wednesday. This includes both pass-through certificate (PTC) issuances and direct assignment (DA) transactions, according to CareEdge Ratings report. The volume represents a 6 per cent growth over the same period previous year. Despite this, the market's stability is a positive sign, driven by strong demand ...Read More >
Mumbai: Investments in equity mutual funds rebounded in June after five consecutive months of declining inflows. Net inflows surged to ₹23,587 crore during the month, marking a 24% jump over May's ₹19,013 crore, driven by fresh subscriptions to flexi-cap, mid-cap and small-cap schemes. While debt mutual funds saw outflows, a buoyant equity market and pick-up in retail participation helped the industry's net assets under management (AUM) scale to a new all-time high of ₹74.41 lakh crore in June, ...Read More >
New Delhi, July 9 (IANS) Although India Inc. witnessed a subdued dealmaking environment in Q2 2025 due to global uncertainty, signs of resilience are emerging, especially with foreign investors taking the lead in inbound M&A and public markets showing signs of revival, according to a Grant Thornton report released on Wednesday. As geopolitical headwinds ease, deal momentum is expected to pick up in the second half of 2025, buoyed by India's strong macroeconomic fundamentals and investor interest ...Read More >
New Delhi [India], July 9 (ANI): As Indian savers increasingly explore mutual funds, pensions, and direct investments, among others, banks will need to leverage data science to understand depositor behaviour and tailor their products, a Boston Consulting Group (BCG) study suggests. BCG conducted a study titled, 'Interest Rate Sensitivity in Indian Banking: An Empirical Look and its Strategic Implications', determining the effect of rate changes--specifically the repo rate and treasury bill rate ...Read More >
NEW DELHI: US-based investigative financial research Viceroy Research has alleged that the entire group structure of Vedanta is "financially unsustainable, operationally compromised, and poses a severe, under-appreciated risk to creditors". In its report, Viceroy said that Vedanta Resources "resembles a Ponzi scheme". Viceroy said on Wednesday it is shorting the debt stack of Vedanta Resources (VRL), the parent company and majority owner of Vedanta Ltd (VEDL). It described Vedanta Resources as ...Read More >
Mumbai: Vedanta shares fell over 7 per cent during intra-day trading on Wednesday after a report by US short-seller Viceroy Research alleged that the conglomerate resembled a "Ponzi" scheme -- a claim that Anil Agarwal-owned company has vehemently denied. "The entire group structure is financially unsustainable, operationally compromised, and poses a severe, under-appreciated risk to creditors," according to the short-seller report. According to the US-based short seller, Vedanta Resources Ltd ...Read More >
New Delhi, July 9 (SocialNews.XYZ) The retail asset securitisation market in India has shown steady growth in the first quarter (Q1) of FY26, with a total transaction volume of Rs 52,000 crore, a new report said on Wednesday. This includes both pass-through certificate (PTC) issuances and direct assignment (DA) transactions, according to CareEdge Ratings report. The volume represents a 6 per cent growth over the same period previous year. Despite this, the market's stability is a positive sig ...Read More >
Pune: Pune's office market is on track to set a new leasing benchmark in 2025, having recorded its highest-ever gross leasing volume (GLV) for a half-year period at 6.8 million square feet (msf), in H1 2025 (Jan-June), a 67% year-on-year increase and a 54% rise over H2 2024, according to Cushman & Wakefield's latest Q2 Office MarketBeat Report. GLV factors in all leasing activity in the market, including fresh take-up, renewal of contracted terms by corporates as well as pre-leasing, and is an i ...Read More >
New Delhi: Illegal gains in the Jane Street scandal may not be limited to Rs 4,843 crore but may actually amount to as high as Rs 1 lakh crore, sources told Zee Business. They also said that the Jane Group's involvement in alleged market manipulation extends beyond the known four entities, with 3-4 more associated firms under the scanner. The revelation comes days after capital market regulator SEBI cracked its whip on Jane Street, barring the US-based high-frequency trading firm from Dalal Stre ...Read More >
New Delhi: India's service sector is demonstrating a significant role in the country's journey towards becoming a $5 trillion economy, a report said on Monday. For decades, the sector has not only been contributing massively to India's gross domestic product (GDP), but has also become the key driving force to the nation's economy, rising from 40 per cent contribution in GDP in the 1990s to accounting for 55 per cent gross value added (GVA) in FY25, according to the Axis Mutual Fund's 'Service Se ...Read More >
New Delhi [India], July 7 (ANI): Growth in India's cement demand will recover to 6.5-7.5 per cent this fiscal (2025-26) after falling to 5 per cent in the recently concluded 2024-25 fiscal, according to a Crisil Ratings report. This, coupled with an uptick in realisations, will lift operating profitability by Rs 100 to a level just above the decadal average, the rating agency asserted in its report on Monday. Healthy accrual coupled with robust balance sheets will keep the credit profiles of c ...Read More >
Mysore/Mysuru: "Accounting and financial awareness are crucial for entrepreneurs," said businesswoman and social worker Revathi Kamath, speaking at the Mysuru Literature Festival yesterday. She was addressing a session titled 'An inspiring journey from floral beginnings to an established enterprise -- growing, thriving and shaping a meaningful life. The session was moderated by the Founder-Director and Chairperson of Mysuru Literary Forum Charitable Trust and Mysuru Book Clubs Charitable Trust, ...Read More >
Mumbai, July 7 (SocialNews.XYZ) Global Capability Centres (GCCs) showed remarkable 30.8 per cent year-on-year growth in India in January-June period (H1 2025) this year, reaching 13.85 million square feet and exceeding previous annual totals, a report showed on Monday. GCCs are leading the charge in India's office market and on a H1 comparison, leased more space in January-June of 2025 than any previous calendar year for the same time period, according to a JLL report. This follows the momentu ...Read More >
JAMMU: The Jammu & Kashmir Branch of the Northern India Regional Council (NIRC) of the Institute of Chartered Accountants of India (ICAI) celebrated the 77th Chartered Accountants Day with zeal and enthusiasm at Royal Park, here. The evening commenced with a seminar on Financial Reporting Practices, under the aegis of Financial Reporting Review Board, ICAI. The session brought together professionals to reflect on the evolving landscape of accounting and the role of Chartered Accountants in str ...Read More >
New Delhi, Jul 6 (PTI) A key defence conclave that serves as a platform for evaluating challenges, initiating reforms and advancing the role of financial governance in defence preparedness, is slated to be held from July 7-9 in Delhi, officials said on Sunday. Defence Minister Rajnath Singh will inaugurate the 'Controllers' Conference-2025' which will be hosted by the Defence Accounts Department (DAD) at the DRDO Bhawan, the defence ministry said in a statement. Also Read | Himachal Pradesh Re ...Read More >
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