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Jaipur, July 19 (SocialNews.XYZ) In a significant breakthrough, Rajasthan Police's CID Crime Branch has busted a major coal adulteration racket in Sirohi, exposing a scam worth crores of rupees. The gang was found mixing fake coal dust into high-quality petcoke imported from the US, causing massive financial losses to the cement and steel industries. Additional Director General of Police (Crime) Dinesh M.N. revealed that the racket involved a well-organised network operating from a rented, def ...Read More >
MUMBAI: The second largest private sector lender ICICI Bank has reported a street-beating 15.5 percent growth in its net profit to Rs 12,768.21 crore in the June quarter on better asset quality that brought down its provisions for bad loans. Insurance subsidiaries ICICI Prudential Life and ICICI Lombard General contributed positively to the overall performance, with the group's total capital employed rising to over Rs 3.29 trillion. The core net interest income of the bank increased 10.6 perce ...Read More >
New Delhi, Jul 19 (PTI) AU Small Finance Bank on Saturday posted a 16 per cent growth in net profit to Rs 581 crore during the first quarter of this financial year. The Jaipur-based bank had earned a net profit of Rs 503 crore in the same quarter of the previous fiscal year. The total income rose to Rs 5,189 crore during the June 2025 quarter from Rs 4,278 crore in the same period of FY25, AU Small Finance Bank said in a regulatory filing. Interest earned by the bank improved to Rs 4,378 cror ...Read More >
Hyderabad: Actor Vijay Deverakonda is all set to return to the silver screen in a never-seen-before avatar with Kingdom, an action drama film that focuses on the themes of betrayal, vengeance, and redemption. The upcoming film is scheduled to release across India on July 31, and its Hindi version has officially been titled Saamrajya. Directed by Gowtam Tinnanuri, best known for the National Award-winning Jersey, Kingdom/Saamrajya features Deverakonda in a rugged and physically intense role. The ...Read More >
New Delhi, Jul 19 (PTI) AU Small Finance Bank on Saturday posted a 16 per cent growth in net profit to Rs 581 crore during the first quarter of this financial year. The Jaipur-based bank had earned a net profit of Rs 503 crore in the same quarter of the previous fiscal year. Also Read | Bodoland Lottery Result Today, July 19, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. The total income rose to Rs 5,189 crore during the June 20 ...Read More >
Lucknow, Jul 19 (PTI) The Uttar Pradesh Police on Saturday said they have busted a large-scale illegal religious conversion racket and arrested 10 people from six states. The probe began in Agra in March after two sisters -- aged 33 and 18 -- were reported missing. Investigations revealed that they were allegedly coerced into religious conversion and were undergoing radicalization, the police said. One of the sisters had also put a picture of a girl holding an AK 47 rifle as her profile pictur ...Read More >
MUMBAI: Stable asset quality and a spike in other income boosted the June quarter net income of Yes Bank by 59.4 percent year-on-year to Rs 801 crore. This is the bank's highest quarterly profit since its reconstruction in March 2020. The management led by chief executive Prashant Kumar attributed the rise net profit to strong growth in non-interest income, improved cost efficiency, and stable asset quality. Net interest income for the quarter rose 5.7 percent to Rs 2,371.5 crore, aided by an ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Amid the ongoing verbal spat between Maharashtra Navnirman Sena (MNS) chief Raj Thackeray and BJP MP Nishikant Dubey over the Hindi language debate in Maharashtra, Union Minister and Republican Party of India (Athawale) president Ramdas Athawale on Saturday has called for restraint, urging all parties to maintain peace and avoid statements that could disrupt Mumbai's communal harmony. Responding to the exchange of inflammatory remarks, Athawale said, "Such state ...Read More >
New Delhi, July 19 (SocialNews.XYZ) ICICI Bank's consolidates net profit stood at Rs 13,557.60 crore in the first quarter of financial year 2026 (Q1 FY26), surging 15 per cent year-on-year (YoY), the private lender informed exchanges on Saturday. The bank posted Rs 11,695.84 crore profit in corresponding quarter a year ago (Q1 FY25). Sequentially, the private bank's consolidated profit was up marginally (Rs 55 crore) as it reported Rs 13,502.22 crore profit in Q4 FY25. The private sector lende ...Read More >
Srinagar, Jul 19 (PTI) Former separatist leader Bilal Gani Lone has held the Hurriyat Conference responsible for its own irrelevance, calling the separatist conglomerate "non-functional", while also slamming Pakistan for creating a "mess" and "fissures" in Jammu and Kashmir. The comments of Lone mark a significant departure from traditional separatist rhetoric, acknowledging that both the Hurriyat and Pakistan had "faltered" on opportunities to bring progress to the region. The next generation ...Read More >
Mumbai: Private sector lender RBL Bank on Saturday posted a 46 per cent drop in its June 2025 quarter net profit to Rs 200 crore as it faced challenges on the core income front. The lender had posted a net profit of Rs 372 crore in the year-ago period, while the same figure had stood at Rs 69 crore in the preceding March quarter. Its core net interest income degrew 13 per cent to Rs 1,481 crore, impacted by an over 1.15 per cent drop in the net interest margin to 4.5 per cent against 5.67 per ...Read More >
Mumbai, Jul 19 (PTI) ICICI Bank on Saturday reported a 15.9 per cent jump in its consolidated net profit to Rs 13,558 crore in the June quarter this fiscal. The lender had reported a net profit of Rs 11,696 crore in the year-ago period. On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the reporting quarter, up 15.5 per cent from Rs 11,059 crore in the year-ago period. Its core net interest income increased 10.6 per cent to ...Read More >
New Delhi, Jul 19 (PTI) State-owned Central Bank of India on Saturday posted a 33 per cent growth in net profit at Rs 1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The Mumbai-based bank had earned a net profit of Rs 880 crore in the same quarter of the previous fiscal year. The total income rose to Rs 10,374 crore during the June quarter of 2025-26, from Rs 9,500 crore in the same quarter of FY25, Central Bank of Indi ...Read More >
New Delhi, July 19 (SocialNews.XYZ) BJP spokesperson Sudhanshu Trivedi launched a scathing attack on the Gandhi family on Saturday, accusing them of shielding each other in corruption cases and questioning the constitutional propriety of Leader of the Opposition (LoP) in the Lok Sabha, Rahul Gandhi's recent tweet defending his brother-in-law Robert Vadra. Speaking to the media in New Delhi, Trivedi took a sharp dig at LoP Gandhi, saying, "He stood in support of his 'hardworking farmer' brother- ...Read More >
Mumbai, July 19 (SocialNews.XYZ) RBL Bank on Saturday posted a net profit of Rs 200 crore for the first quarter of current financial year (Q1 FY26), down 46 per cent year-on-year (YoY), the private sector lender said in an exchange filing. The bank had posted Rs 371.5 crore profit in corresponding quarter a year ago (Q1 FY25). However, the private bank saw a strong rebound sequentially from the Rs 69 crore reported in Q4 FY25. Meanwhile, the bank's total standalone income stood at Rs 4,510 cr ...Read More >
Jammu, Jul 18 (PTI) Senior officials of the Jammu and Kashmir government reviewed the arrangements for the smooth conduct of the 13-day-long Budha Amarnath pilgrimage in Poonch district that will begin on July 28. Deputy Inspector General of Police Tejinder Singh reviewed security in Poonch and stressed ensuring the safety of the devotees. "The first batch will depart from the Bhagwati Nagar basecamp in Jammu on July 28, moving towards the Mandi tehsil in Poonch in a regulated convoy amid full ...Read More >
Mumbai, Jul 18: Benchmark Sensex tanked 501 points while Nifty closed below the 25,000 mark on Friday due to selling in banking shares after muted quarterly earnings and foreign fund outflows. Falling for the second straight day, the 30-share BSE Sensex declined by 501.51 points or 0.61 per cent to settle at 81,757.73. During the day, it shed 651.11 points or 0.79 per cent to hit a low of 81,608.13. The 50-share NSE Nifty dropped 143.05 points or 0.57 per cent to close at a month's low of 24,9 ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in ...Read More >
CHENNAI: Public sector Indian Overseas Bank (IOB) on Friday reported a 75.6% rise in net profit in the quarter ended June 30, 2025 at Rs 1,111 crore against Rs 633 crore during the corresponding quarter last year. It was on the back of growth in interest income YoY by 13% at Rs 7,386 crore in Q1 FY26 and other income. The Chennai-headquartered bank will raise Rs 4,000 crore likely by Q3 of the current fiscal. It has also received approval from its board for raising Rs 10,000 crore through infras ...Read More >
New Delhi, Jul 18 (PTI) Shares of Axis Bank on Friday tanked over 7 per cent after the company reported a 3 per cent dip in June quarter consolidated net profit. The stock dropped 7.40 per cent to Rs 1,073.95 on the BSE. Also Read | Kolkata Fatafat Result Today, July 18, 2025: Kolkata FF Live Winning Numbers Released, Know When and Where To Check Result Chart of Satta Matka-Type Lottery Game. At the NSE, it tumbled 6.36 per cent to Rs 1,086 apiece. The stock emerged as the biggest laggard am ...Read More >
New Delhi, Jul 18 (PTI) Shares of Axis Bank on Friday tanked over 7 per cent after the company reported a 3 per cent dip in June quarter consolidated net profit. The stock emerged as the biggest laggard among the Sensex and Nifty firms during morning trade. In the equity market, the 30-share BSE Sensex was trading 551.93 points lower at 81,707.31. The 50-share NSE Nifty quoted 164.65 points down at 24,943.60. Devarsh Vakil, Head of Prime Research, HDFC Securities said Axis Bank's latest finan ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindr ...Read More >
Mumbai, Jul 18 (PTI) Equity benchmark indices Sensex and Nifty declined in initial trade on Friday dragged by foreign fund outflows and a muted start to the earnings season. Analysts said sentiment among banking stocks is especially cautious in response to Axis Bank's latest financial results, which fell short of market expectations. The 30-share BSE Sensex declined 185.67 points to 82,073.57 in early trade. The 50-share NSE Nifty dropped 45.4 points to 25,066.05. From the Sensex firms, Axis ...Read More >
MUMBAI: Axis Bank's net profit slipped 4% year-on-year to Rs 5,806 crore in the quarter ended June 2025, dragged down by a sharp rise in provisions. The higher provisions were due to a one-off accounting adjustment, which the bank described as a "technical impact" or an internal recalibration of its bad loan classification.This adjustment, applied to cash credit, overdraft products, and one-time settled accounts, resulted in Rs 2,709 crore of fresh slippages. That alone triggered additional prov ...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 >
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