New Delhi, July 25 (IANS) AU Small Finance Bank on Saturday reported a 4.3 per cent sequential decline in its net profit for the first quarter (Q1) of FY27, according to the bank’s filing.However, on a year-on-year basis, the bank’s net profit rose 37 per cent, supported by strong growth in net interest income (NII).The bank’s net profit stood at Rs 795.95 crore (Rs 79,595.29 lakh) in the April-June quarter, compared with Rs 831.87 crore (Rs 83,186.95 lakh) in the preceding January-March quarter…
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Mumbai, July 24 (IANS) Shares of Star Health and Allied Insurance Company fell more than 1 per cent on Friday after the company’s June-quarter shareholding pattern showed ace investor Rekha Jhunjhunwala had significantly reduced her stake in the health insurer during the quarter.According to the shareholding pattern for the quarter ended June 30, 2026, Rekha Jhunjhunwala’s stake fell to 3.04 per cent from 15.57 per cent at the end of the March quarter, indicating that she sold nearly 7.38 crore …
Mumbai, July 15 (IANS) India’s benchmark equity indices ended in the green on Wednesday after a volatile trading session, with gains in banking and financial services stocks helping the markets overcome weakness in metal, information technology and realty shares.The Sensex rose 130.49 points, or 0.17 per cent, to settle at 77,185.43, while the Nifty advanced 26.45 points, or 0.11 per cent, to close at 24,074.85.Commenting on Nifty technical outlook, experts said that strong buying interest aroun…
Mumbai, July 5 (IANS) After ending the week on a firm note, India’s benchmark indices are expected to remain on a positive trajectory, with experts saying the Sensex could move towards the 79,000 mark and the Nifty may target 24,600 if they manage to sustain above crucial resistance levels in the coming sessions.In the previous week, the Indian stock market concluded with solid gains, supported by strong domestic macroeconomic indicators and improving investor sentiment.Robust GST collections, b…
Washington, July 3 (IANS) US President Donald Trump pointed to India as one of the world’s fastest-growing major economies, arguing that the United States should be achieving much higher economic growth instead of being constrained by concerns over inflation and interest rates.In an interview with CNBC, Trump praised India’s economic performance while criticising the US Federal Reserve for what he described as an overly cautious approach to monetary policy.”You have a couple of countries, India …
Washington, July 2 (IANS) President Donald Trump has said the United States had entered a “golden age”, pointing to lower oil prices, record investment and a strong labour market as evidence that the country’s economy was gaining momentum. Speaking at the dedication of the Theodore Roosevelt Presidential Library in Medora, North Dakota, on Wednesday (local time), Trump said falling energy prices would benefit American consumers and businesses.”The oil is dropping,” Trump said. “I don’t give a da…
Mumbai, June 25 (IANS) Patanjali Foods Limited shares extended their losing streak for a fifth consecutive session on Thursday, with the stock coming under sustained selling pressure amid weak investor sentiment.The stock opened at Rs 416.20 and touched an intra-day high of Rs 416.80 before slipping to a low of Rs 408.80 during the session. Over the past five trading sessions, the stock has declined by Rs 11.10, or 2.64 per cent.The recent weakness has added to the broader decline in the stock p…
New Delhi, June 21 (IANS) In a significant breakthrough, the Delhi Police have arrested two accused persons in a major online investment fraud case involving cheating of approximately Rs 80 lakh on the pretext of high returns from stock market investments. During the investigation, stocks worth around Rs 25 lakh were also frozen, and a detailed money trail has been established linking the accused to multiple beneficiary accounts.According to the press release issued by the police, “The complai…
Seoul, June 12 (IANS) Banks are fast moving to rein in a surge in credit loans as customers have borrowed money to buy stocks, financial sources said on Friday.According to various sources, Hana, Shinhan and other major lenders have tightened criteria and limits on credit loans in the face of pressure from the country’s financial authorities, reports Yonhap news agency.The measure came as household loans extended by banks rose at the fastest pace in nearly two years in May as lending linked to s…
New Delhi, June 8 (IANS) India’s capital markets have emerged as one of the most significant success stories of the past decade, with a sharp rise in retail investor participation and a growing shift in household savings towards equities and mutual funds transforming the country’s financial landscape.Millions of households that traditionally parked their savings in bank deposits, gold and real estate are increasingly turning to equity markets, creating a deeper and more resilient domestic in…