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…
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New Delhi, April 17 (IANS) The Union Government on Friday allowed 15 major banks, including State Bank of India, HDFC Bank, and ICICI Bank, to import gold and silver from April 1, 2026, to March 31, 2029. The Union Bank of India and Sberbank have been authorised to import only gold during this period.The notification has been issued by the Directorate General of Foreign Trade (DGFT).The move is part of the government’s ongoing effort to streamline bullion imports and ensure they are routed thr…
Mumbai, April 13 (IANS) Indian equity benchmarks recovered sharply from their intra-day lows on Monday, helped by buying in defence stocks, even as broader sentiment remained cautious due to ongoing geopolitical tensions in West Asia.The Nifty closed 0.86 per cent, or 207.95 points, lower at 23,842.65, while the Sensex ended the session down 0.91 per cent, or 702.68 points, at 76,847.57.Commenting on Nifty technical outlook, experts said that going ahead, 23,900 is likely to continue acting as i…
Mumbai, April 12 (IANS) Indian equity markets witnessed a sharp rally last week, lifting the combined market valuation of eight out of the top-10 most valued companies by a massive Rs 4,13,003.23 crore.The gain was led by strong gains in banking heavyweights HDFC Bank and ICICI Bank.The upbeat sentiment in the market was reflected in benchmark indices, with the Sensex surging 4,230.7 points or 5.77 per cent, while the Nifty climbed 1,337.5 points or 5.88 per cent during the week.According to Aji…
Ahmedabad, April 2 (IANS) The Ahmedabad Cyber Crime Branch has uncovered a network of bank accounts linked to at least 41 cyber fraud complaints across India, and has arrested six individuals accused of facilitating financial transactions for a wider cryptocurrency scam syndicate. The arrests follow a complaint alleging that a local resident was duped of Rs 57.9 lakh after being lured into a fake cryptocurrency investment scheme promising high returns.Police said a key accused, identified …
Mumbai, March 30 (IANS) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India’s (RBI) recent measures aimed at supporting the rupee came into effect.All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It was tradi…
Mumbai, March 29 (IANS) The combined market valuation of seven of India’s top-10 most valued companies fell sharply by Rs 1.75 lakh crore last week amid global uncertainties and geopolitical tensions.The decline came in a holiday-shortened week when benchmark indices ended lower. The Sensex dropped 949.74 points, or 1.27 per cent, while the Nifty fell 294.9 points, also down 1.27 per cent.Commenting on Nifty technical outlook, experts said that a decisive breakdown below the 22,700–22,500 ra…
Mumbai, March 22 (IANS) HDFC Bank emerged as the biggest loser among India’s most-valued companies last week, with its market valuation plunging by over Rs 56,000 crore, even as the broader stock market remained largely flat with a negative bias.India’s equity markets witnessed a cautious week, with five of the top-10 most-valued companies together losing over Rs 1 lakh crore in market capitalisation.The decline was led by HDFC Bank, whose valuation dropped sharply by Rs 56,124.48 crore to R…
Chennai, March 10 (IANS) The Tamil Nadu Forest Department has planted 20,000 mangrove seedlings across 20 hectares along the Buckingham Canal during 2025–26 as part of a major initiative to restore coastal ecosystems and enhance Chennai’s resilience to climate change. Sharing details of the project on social media platform X, Additional Chief Secretary for Environment, Climate Change and Forests, Supriya Sahu, said the plantation effort is designed to create a natural coastal bioshield while i…
Mumbai, March 8 (IANS) The market valuation of Larsen & Toubro declined sharply by Rs 45,629.03 crore this week, taking its total market capitalisation to Rs 5,43,208.36 crore, as a broad sell-off in equities weighed on India’s most valuable companies.Overall, eight of the top-10 most valued firms together lost Rs 2,81,581.53 crore in market valuation during the week.The losses came in line with a weak trend in the stock market, where the benchmark BSE Sensex dropped 2,368.29 points, or 2….