Metals and mining major Vedanta Group expects strong financial growth in the financial year 2026–27, targeting group earnings before interest, tax, depreciation and amortisation (EBITDA) of around $10 billion. The company also plans to reduce its overall debt by more than ₹20,000 crore during the year, according to Chief Financial Officer (CFO) Ajay Goel. Speaking…
HDFC Bank has increased the interest rate on its three- to five-year Foreign Currency Non-Resident (Bank), or FCNR(B), US dollar deposits by 25 basis points, raising the rate from 6.00 per cent to 6.25 per cent with effect from August 1. The move comes as banks intensify efforts to attract foreign currency deposits under the…
Larsen & Toubro (L&T) has signed a six-year Engineering, Procurement and Construction (EPC) framework agreement with Petroleum Development Oman (PDO), Oman’s leading oil and gas producer. The agreement is aimed at supporting upcoming energy projects in the country and strengthening cooperation between the two organisations. Under the agreement, L&T Energy Hydrocarbon Onshore has been selected…
Piramal Pharma expects to maintain mid-teen revenue growth in FY27 and achieve a significant improvement in profitability, supported by strong demand across its businesses and improved operational efficiency. Chairperson Nandini Piramal said the company will continue to focus on organic expansion rather than acquisitions as it builds long-term growth. The company reported a strong performance…
Asian Paints has reported a strong financial performance for the first quarter, with its net profit rising to ₹1,539 crore, surpassing market expectations. The country’s largest paint manufacturer also recorded an 18 per cent increase in revenue during the quarter. The company’s improved profitability was supported by strategic price increases, which helped offset the impact…
State-run Bank of Baroda (BoB) is investigating an alleged data breach after reports claimed that nearly 1 terabyte of sensitive information was leaked on the dark web. The compromised data is reportedly linked to retail and corporate banking operations, including customer account details, loan information, net banking records, non-resident Indian (NRI) and corporate banking data,…
Canara Bank reported a standalone net profit of ₹4,855.82 crore for the quarter ended June 30, 2026, marking a 2.2 per cent year-on-year growth compared with the same period last year. The public sector lender also recorded strong growth in its core income, with net interest income (NII) rising 13.4 per cent to ₹10,215.27 crore…
AU Small Finance Bank reported a strong financial performance for the first quarter ended June 2026 (Q1 FY27), posting a 37% year-on-year increase in net profit to ₹796 crore. The growth was driven by higher net interest income (NII) and lower provisions, although profit declined 4% on a sequential basis. The bank’s NII rose 32%…
The Reserve Bank of India (RBI) has said that the Indian economy remains resilient despite global uncertainties, including the ongoing West Asia conflict and concerns over the monsoon. In its latest State of the Economy report for July, the central bank said domestic economic activity has remained stable, supported by strong demand conditions and the…
Maruti Suzuki India has announced a price hike of up to ₹30,000 across its vehicle portfolio from August 2026, citing a continued rise in input costs and an unfavourable cost environment. The country’s largest carmaker informed the stock exchanges that the price revision has become necessary due to sustained increases in production expenses. In a…
