Mumbai, April 18 (IANS) ICICI Bank on Saturday posted a consolidated net profit of Rs 14,755 crore for the fourth quarter of FY26, a 9 per cent year-on-year (YoY) rise.The second-largest private lender had reported a profit after tax (PAT) of Rs 13,502.22 crore in the corresponding quarter of the previous year.The lender’s core net interest income (NII) rose 8 per cent YoY to Rs 22,979 crore during the quarter, compared to Rs 21,193 crore in the same period last year, the bank said in an excha…
Latest FY26 News & Updates
Mumbai, April 16 (IANS) HDFC Asset Management Company on Thursday reported a 19 per cent quarter-on-quarter (QoQ) decline in its consolidated profit for the March quarter (Q4 FY26), with earnings coming in at Rs 622.66 crore.The asset management firm posted a Rs 769.42 crore net profit in the December quarter (Q3 FY26), according to its stock exchange filing.However, on yearly basis, the profit dropped 2.5 per cent compared to Rs 638.46 crore in the same period previous financial year (Q4 FY25)….
Mumbai, April 16 (IANS) Tata Group-backed Tejas Networks’ shares plunged nearly 6 per cent in early trade on Thursday after the company’s January–March quarter (Q4) earnings disappointed traders and investors.The BSE 500 stock declined as much as 5.86 per cent to Rs 423.50, hitting an intraday low, compared with its previous close of Rs 449.90. The fall came after the company reported its fifth straight quarterly loss in Q4 FY26, with revenue also declining sharply year-on-year.Tejas Network…
New Delhi, April 16 (IANS) India’s external position showed resilience in March 2026 as the goods trade deficit fell to $21 billion due to a sharp fall in precious‑metal imports and a rebound in exports, a report said on Thursday.Meanwhile, a robust services sector surplus continued to offset the higher goods deficit, the report from Emkay Global Financial Services noted.India’s total imports fell about 6 per cent month‑on‑month to $59.6 billion, and total exports rose 6 per cent to $38.9 …
Mumbai, April 15 (IANS) Shares of Ujjivan Small Finance Bank fell sharply on Wednesday after the Reserve Bank of India returned its application for a universal banking licence, even as the broader market traded higher.The stock dropped as much as 5.94 per cent to hit an intra-day low of Rs 56.75 on the Bombay Stock Exchange (BSE), compared to its previous close of Rs 60.34.The decline came in contrast to the positive trend in the wider market, with the Sensex rising over 1.6 per cent amid improv…
Mumbai, April 13 (IANS) ICICI Prudential Asset Management Company on Monday reported a 16.76 per cent quarter-on-quarter (QoQ) decline in its net profit for the fourth quarter (Q4) of FY26.The company’s net profit came in at Rs 763.42 crore for Q4 FY26, down from Rs 917.09 crore in the December quarter (Q3 FY26), according to its stock exchange filing.However, on a year-on-year (YoY) basis, profit rose 10.37 per cent compared to Rs 691.71 crore reported in the same quarter last financial year …
New Delhi, April 13 (IANS) India’s economy is in a structurally resilient expansionary phase, and markets could deliver returns above long‑term averages as valuations are favourable, a report said on Monday.The report from investment management firm OmniScience Capital said the economy is in a goldilocks phase with high real gross value added (GVA) growth of 7–8 per cent with inflation anchored within the Reserve Bank of India’s target band.The recent market correction of around 13 per c…
New Delhi, April 9 (IANS) IT services major Tata Consultancy Services (TCS) on Thursday reported a slight rise in last‑12‑months attrition rate to 13.7 per cent in the fourth quarter (Q4), up from 13.5 per cent a year earlier.The tech giant also saw its headcount increase by 2,356 employees in the March quarter to 5,84,519, up from 5,82,163.”Women make up 35.2 per cent of total employee strength,” the software services firm said, adding that employee headcount dipped by 30,906 from the first…
Mumbai, April 9 (IANS) Tata Consultancy Services (TCS) on Thursday reported a 12 per cent year-on-year (YoY) jump in consolidated net profit for the January–March quarter (Q4 FY26).The major IT player had posted a profit of Rs 13,718 crore, compared to Rs 12,224 crore in the year-ago period (Q4 FY25), according to its exchange filing.The IT major’s consolidated revenue from operations also saw healthy growth, increasing 9.6 per cent year-on-year to Rs 70,698 crore, compared to Rs 64,479 cror…
New Delhi, April 8 (IANS) Remittances to India are likely to reach an all‑time high of $137–140 billion in FY26 before moderating to $135–137 billion in FY27, amid escalation in West Asia, a report said on Wednesday.Further, enabling true dematerialisation of Retail Direct holdings could boost interoperability and attract strong interest to debt markets from retail investors, the report from SBI Research said.Analysing the language of the central bank governor in the monetary policy meetin…