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…
Tata Power has received a Letter of Award (LoA) from the Solar Energy Corporation of India Ltd (SECI) to supply 324 MW of power from its upcoming 1,000 MW Pumped Hydro Storage Project (PSP) at Bhivpuri in Maharashtra. The project was awarded through SECI’s tariff-based global competitive bidding process for the supply of 1,500 MW/12,000…
Former Union Economic Affairs Secretary EAS Sarma has raised strong objections against the ongoing strategic disinvestment of IDBI Bank, warning that the move will inflict severe injustice on employees belonging to Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC). In a formal communication to the Union Finance Ministry, Sarma highlighted that transferring…
NASDAQ-listed online travel platform MakeMyTrip has officially initiated its domestic market debut by confidentially submitting a pre-filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), the National Stock Exchange (NSE), and the BSE. The initial public offering (IPO), which focuses on its wholly-owned subsidiary MakeMyTrip (India) Limited (MMT India),…
Shares of Jio Financial Services climbed as much as 6 per cent on Friday after the company reported a strong financial performance for the first quarter of the 2026–27 financial year. Investor sentiment strengthened following a sharp rise in the company’s quarterly earnings, driving the stock higher in early trade on the National Stock Exchange….
Mahindra & Mahindra (M&M) has achieved a major manufacturing milestone as its Chakan facility in Maharashtra crossed cumulative production of three million vehicles. The milestone vehicle was the BE 6 electric sport utility vehicle (SUV), marking a significant achievement for the company’s manufacturing operations. The company stated that the facility produced its latest one million…
After months of mounting speculation and denial, the end of OnePlus’s run in the West appears to be imminent. According to a report from German publication WinFuture, parent company OPPO is set to officially announce a massive strategic overhaul this week that includes pulling the OnePlus brand completely out of both the United States and…
