The Enforcement Directorate (ED) continued its sweeping raids for the third consecutive day on July 26, 2025, targeting multiple entities linked to Anil Ambani’s Reliance Group in connection with an alleged ₹3,000 crore bank loan fraud and money laundering case. The searches, initiated on July 24, span over 35 locations in Mumbai, involving 50 companies…
NBFC company Bajaj Finserv reported a 30.4% rise in its consolidated net profit for the quarter ended June 30, 2025, at ₹2,789 crore as against ₹2,138 crore in the same quarter of the previous fiscal. The company’s operating revenue in Q1 FY26 stood at ₹35,439 crore year-on-year (YoY) as against ₹31,480 crore in the same…
Mumbai, July 25 — Pharma major Cipla Ltd. has posted a strong financial performance for the first quarter of FY26, with consolidated net profit rising 10% year-on-year to ₹1,298 crore, up from ₹1,178 crore in Q1FY25. The company’s revenue from operations grew 3.9% to ₹6,957 crore, driven by robust domestic and international sales. Earnings Before…
New Delhi, Crude oil prices rose by Rs 45 to Rs 5,700 per barrel in futures trade on Thursday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 45 or 0.8 percent to Rs 5,700…
New Delhi, July 24, 2025 — Adani Energy Solutions Ltd (AESL) reported a consolidated net profit of ₹538.94 crore for the first quarter of FY26, marking a sharp turnaround from a net loss of ₹1,190.66 crore in the same period last year. The recovery was primarily attributed to robust performance in the transmission segment, which…
New Delhi, Silver prices rose by Rs 465 to Rs 1,16,120 per kg in futures trade on Wednesday as participants increased their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery rose by Rs 465, or 0.4 percent, to Rs 1,16,120 per kg in a business turnover of 20,631 lots….
Mumbai, July 23, 2025 — Despite a fluid global macroeconomic environment marked by geopolitical tensions and tariff policy uncertainties, India’s domestic economy remained resilient during June and July, according to the Reserve Bank of India’s (RBI) July Bulletin. The article titled State of the Economy noted that economic activity held firm, supported by promising prospects…
New Delhi, Aluminium prices rose by 40 paise to Rs 254.90 per kg in futures trade on Tuesday as speculators created new deals amid positive trend in the spot market. At the Multi Commodity Exchange, the price of aluminium contract for August delivery rose by 40 paise or 0.16 percent to Rs 254.90 per kg…
Margin pressures were evident in the results of a clutch of banks that announced their Q1FY26 results. This was in line with analysts’ expectations. The sequential fall in the net interest margin (NIM) varied between 1 basis point and 67 basis points across 12 lenders. On an average, the NIM declined 23 bps. The June…
State Bank of India (SBI) on Monday, July 21, said it has successfully raised ₹25,000 crore through a qualified institutional placement (QIP). The board of directors of the national bank at a meeting approved the allotment of 30.59 crore (or 30,59,97,552) equity shares having a face value of ₹1 per share at an issue price…
