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Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy ...Read More >
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 >
Mumbai, Jul 17: Benchmark stock indices Sensex and Nifty settled lower on Thursday following selling in IT and banking shares and investors remaining in a wait-and-watch mode ahead of the outcome of the US-India trade talks. The 30-share BSE Sensex dropped 375.24 points or 0.45 per cent to settle at 82,259.24. During the day, it fell by 415.21 points or 0.50 per cent to 82,219.27. The 50-share NSE Nifty closed lower by 100.60 points or 0.40 per cent to 25,111.45. Fresh foreign fund outflows a ...Read More >
MUMBAI: The third largest private sector lender Axis Bank opened the earnings seasons for the June quarter in the financial services space Thursday on a bad note, reporting a 4% decline in net income at Rs 5,806 crore despite a reasonable performance in its core business. The management said the red mark on the bottom-line is mainly due to a "technical impact" as the bank had a one-time hit of Rs 614 crore related to how it classifies some loans as bad. More importantly, on a sequential basis, ...Read More >
Mumbai, Jul 17 (PTI) Axis Bank on Thursday reported a 3 per cent dip in its June quarter consolidated net profit at Rs 6,243.72 crore, impacted by the implementation of changes in non-performing assets and loan upgrade policy. On a standalone basis, the third largest private sector lender's net profit declined to Rs 5,806 crore from the year-ago period's Rs 6,034 crore, but was down sharply when compared with the quarter ago period's Rs 7,117 crore. The bank's core income showed low growth in ...Read More >
New Delhi, July 17 (SocialNews.XYZ) Axis Bank's standalone net profit for the quarter ending June 30, 2025 (Q1 FY26) came at Rs 5,806.14 crore, down nearly 4 per cent year-over-year (YoY) from Rs 6,034.64 crore during the same period in previous fiscal, the private sector lender said in an exchange filing on Thursday. Net profit decreased by more than 18 per cent on a sequential basis from the Rs 7,117.50 crore recorded during the January-March quarter (Q4FY25). The bank reported a slight incr ...Read More >
New Delhi, July 17 (IANS) Axis Bank's standalone net profit for the quarter ending June 30, 2025 (Q1 FY26) came at Rs 5,806.14 crore, down nearly 4 per cent year-over-year (YoY) from Rs 6,034.64 crore during the same period in previous fiscal, the private sector lender said in an exchange filing on Thursday. Net profit decreased by more than 18 per cent on a sequential basis from the Rs 7,117.50 crore recorded during the January-March quarter (Q4FY25). The bank reported a slight increase in ne ...Read More >
Stocktwits - Indian equity markets ended lower on Thursday, with the Nifty index holding the 25,100 level in the expiry session. The Sensex closed 375 points lower at 82,259, while the Nifty 50 ended 100 points lower at 25,111. Broader markets were also under pressure, with the Midcap and Smallcap indices falling 0.1%. The retail investor sentiment surrounding the Nifty 50 remained 'bearish' on Stocktwits. Nifty sentiment and message volume on July 17 as of 4:00 pm IST. | source: StocktwitsSe ...Read More >
BENGALURU, July 17 (Reuters) - Indian private lender Axis Bank (AXBK.NS), opens new tab reported a surprise drop in first-quarter profit on Thursday, as it set aside more funds for potential bad loans and as its lending margin contracted. The standalone net profit at India's fourth-largest private lender by market capitalisation fell 4% to 58.06 billion rupees ($674.8 million) for the quarter ended June 30 from 60.35 billion rupees a year earlier. Analysts had expected a profit of 63.73 billion ...Read More >
Pune: The ongoing pre-non-interlocking and non-interlocking works to develop the Hadapsar railway station would affect trains' movement in the Daund-Pune section this week from Thursday till Sunday. A total of 17 trains, including DEMUs from Pune to Daund and Baramati to Pune, Pune-Harangul Express (01487), Harangul-Pune Express (01488), Solapur-Pune Intercity Superfast Express (12169) and Pune-Solapur Intercity Express (12170), would remain cancelled on Sunday (July 20), a railway official said ...Read More >
Mumbai: Sumitomo Mitsui Banking Corp (SMBC) has already applied to India's banking regulator to buy up to a 25% stake in Yes Bank, giving the Japanese lender sufficient headroom to immediately increase its ownership, one person directly aware of the details told ET. In May SMBC had said it will buy 20% from a clutch of local banks for which it had signed an agreement. "The SMBC application pending with the Reserve Bank of India seeks to buy up to a 25% stake in Yes Bank. That is different from ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India ...Read More >
Mumbai, Jul 15 (PTI) Stock markets snapped the four-day falling streak on Tuesday with the benchmark Sensex rebounding by 317 points on buying in auto and pharma shares amid a decline in retail inflation to a more than six-year low, nearing the RBI's comfort zone. The 30-share BSE Sensex climbed 317.45 points or 0.39 per cent to settle at 82,570.91. During the day, it jumped 490.16 points or 0.59 per cent to 82,743.62. The 50-share NSE Nifty edged higher by 113.50 points or 0.45 per cent to 25 ...Read More >
Mumbai: Benchmark indices Sensex and Nifty dropped in early trade on Monday amid selling pressure in IT stocks and foreign fund outflows. The 30-share BSE Sensex declined 232.93 points to 82,267.54 in early trade. The 50-share NSE Nifty dipped 71.4 points to 25,078.45. From the Sensex firms, Bajaj Finance, Infosys, Tech Mahindra, Bharti Airtel, HCL Tech and Asian Paints were among the biggest laggards. However, Trent, Axis Bank, Mahindra & Mahindra and NTPC were among the gainers. Foreign Insti ...Read More >
Mumbai: The upcoming trading week is expected to be crucial for Indian stock markets as several key events are lined up, including quarterly earnings, retail inflation figures, developments on the US-India trade deal, and global economic indicators. Major companies, such as HCL Tech, Nelco, Tata Technologies, Tejas Networks, AWL Agri Business, HDFC Life, Bank of Maharashtra, ITC Hotels, Axis Bank, HDFC AMC, Indian Hotels, Polycab, Wipro, and JSW Steel are scheduled to announce their Q1 results ...Read More >
Mumbai, July 13 (SocialNews.XYZ) The upcoming trading week is expected to be crucial for Indian stock markets as several key events are lined up, including quarterly earnings, retail inflation figures, developments on the US-India trade deal, and global economic indicators. Major companies, such as HCL Tech, Nelco, Tata Technologies, Tejas Networks, AWL Agri Business, HDFC Life, Bank of Maharashtra, ITC Hotels, Axis Bank, HDFC AMC, Indian Hotels, Polycab, Wipro, and JSW Steel are scheduled to a ...Read More >
New Delhi, July 12: Flipkart GOAT Sale 2025 is now live, unlocking discounts on smartphones, electronics products and gadgets for its customers across India. Starting at midnight on Saturday and will run till July 17. The GOAT sale 2025 is open to everyone as no special membership is needed. While Amazon Prime Day sale 2025 is restricted to Prime members, Flipkart's event allows access to all users. Flipkart Plus members, however, received early access to deals a day earlier, on Friday. From sm ...Read More >
Mumbai (Maharashtra) [India], July 11 (ANI): Indian stock markets on Friday ended on a negative note due to a sober start to the first quarter earnings season and a ramp-up in the tariff threat by the US of 35 per cent on goods imported in the US from Canada. At close, the Sensex was down 689.81 points or 0.83 per cent at 82,500.47, and the Nifty was down 205.40 points or 0.81 per cent at 25,149.85. During the trading session on the last day of the week, TCS, Bajaj Auto, M&M, Hero MotoCorp, an ...Read More >
Mumbai (Maharashtra) [India], July 11 (ANI): Indian stock markets on Friday ended on a negative note due to a sober start to the first quarter earnings season and a ramp-up in the tariff threat by the US of 35 per cent on goods imported in the US from Canada. At close, the Sensex was down 689.81 points or 0.83 per cent at 82,500.47, and the Nifty was down 205.40 points or 0.81 per cent at 25,149.85. Also Read | Shikhar Dhawan Lauds Harmanpreet Kaur-Led India Side for Historic T20I Series Win i ...Read More >
New Delhi: Indian stock markets ended lower on Friday, weighed down by rising global trade tensions, following fresh tariffs imposed by US President Donald Trump on Canadian imports. Investor sentiment was also hit by a sharp selloff in IT stocks after Tata Consultancy Services (TCS) reported weaker-than-expected earnings for the first quarter (Q1) of FY25. The Sensex dropped 689.81 points, or 0.83 per cent, to close at 82,500.47. Similarly, the Nifty index slipped 205.4 points, or 0.81 per ce ...Read More >
Mumbai: The Indian equity market indices opened lower on Friday amid uncertainty surrounding US President Donald Trump's trade policies, as he continues to threaten elevated tariffs across various sectors and countries. At 9.20 am, Sensex was down 224 points or 0.27 per cent at 82,965 and Nifty shed 65 points or 0.26 per cent at 25,289.Marginal buying was seen in the midcap and smallcap stocks. Nifty midcap 100 index was up 60 points or 0.10 per cent at 59,220 and Nifty smallcap 100 index was u ...Read More >
Mumbai: Indian stock markets opened lower on Thursday as investors stayed cautious ahead of the quarterly results of IT giant Tata Consultancy Services (TCS). Both benchmark indices -- the Sensex and Nifty -- slipped in early trade. The 30-share BSE Sensex dropped 76.99 points to 83,461.90. Meanwhile, the 50-share NSE Nifty was down 23.15 points at 25,452.95. Caution Ahead of Earnings Season TCS is set to announce its Q1 earnings later in the day, officially kicking off the earnings season. I ...Read More >
Mumbai, July 9 (SocialNews.XYZ) The Indian stock markets closed lower after a volatile session on Wednesday amid selling in the IT and metals stocks, especially in Vedanta and Hindustan Zinc. Sensex settled at 83,536.08, down 176.43 points or 0.21 per cent. The 30-share index opened in negative territory at 83,625.89 against the last session's closing of 83,712.51. However, it showed some volatility, hitting an intra-day high at 83,781.36 before closing. Nifty fell 46.40 points or 0.18 per cen ...Read More >
New Delhi [India], July 8: In a landmark moment for India's digital future, NxtQuantum today launched the Ai+ Smartphone, India's first fully authored smartphone, built entirely in India, governed on Indian infrastructure, and designed to deliver world-class performance with uncompromising data privacy. The launch was led by Madhav Sheth, CEO, Ai+ Smartphone and Founder, NxtQuantum Shift Technologies, alongside Shashikumar Sreedharan, Managing Director, Google Cloud India, and Smrithi Ravichandr ...Read More >
Mumbai: Public sector banks (PSBs) are in talks with the Finance Ministry to review the rule of maintaining a minimum balance in savings accounts. According to a report by Times of India, this discussion is taking place due to the declining share of CASA (Current Account Savings Account) deposits in banks' total deposits. The report states that the share of CASA deposits is shrinking, and during a recent meeting with the finance ministry, government officials raised a question: Why should custo ...Read More >
Bhubaneswar: The Odisha government on Saturday withdrew its earlier decision to de-empanel three leading private sector banks -- Axis Bank, HDFC Bank, and ICICI Bank -- from handling the business and deposits of state government organisations and departments. A notification issued by the state finance department confirmed the reversal, allowing the three banks to continue as empanelled institutions authorised to manage government-related financial transactions. The government had, through a no ...Read More >
Mumbai, Jul 4 (PTI) Benchmark indices Sensex and Nifty ended higher on Friday in a highly volatile trade amid a buying rush in banking and other bellwether stocks on the back of a rally in the US markets. After oscillating between highs and lows in intra-day trade, the 30-share BSE Sensex ended 193.42 points or 0.23 per cent higher at 83,432.89. During the day, it hit a high of 83,477.86 and a low of 83,015.83, gyrating 462.03 points. The 50-share NSE Nifty inched up by 55.70 points or 0.22 pe ...Read More >
Mumbai, Jul 4 (PTI) Benchmark indices Sensex and Nifty ended higher on Friday in a highly volatile trade amid buying in bank stocks and a rally in the US markets. After oscillating between highs and lows in intra-day trade, the 30-share BSE Sensex ended 193.42 points or 0.23 per cent higher at 83,432.89. During the day, it hit a high of 83,477.86 and a low of 83,015.83, gyrating 462.03 points. The 50-share NSE Nifty inched higher by 55.70 points or 0.22 per cent to 25,461. From the Sensex fir ...Read More >
Mumbai, Maharashtra, India - Business Wire India * Credit Conference 2025 designed to drive growth, financial inclusion, and ease of doing business in India * Leaders from banking, FinTech, and policy convened to discuss data-driven credit inclusion and the path to a credit-ready India * Expanding creditworthiness to support India's financial goals under the Bharat@2047 vision was a key theme As India's credit growth reaches new segments and geographies, the focus is shifting towards enabling ac ...Read More >
BusinessWire India Mumbai (Maharashtra) [India], July 4: As India's credit growth reaches new segments and geographies, the focus is shifting towards enabling access to financial services supported by data-driven insights, transparency, and informed risk management. This transformation, along with collaborating to extend financial inclusion in India, saw industry leaders, policymakers, and innovators convene at the TransUnion CIBIL Credit Conference 2025 to explore how data, trust, and collabor ...Read More >
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