State Bank of India (SBI), the country’s largest lender by assets, reported a 10% decrease in net profit for the January-March 2025 quarter, with earnings dropping to ₹18,643 crore ($2.21 billion) from ₹20,698 crore in the same period the previous year. Despite the decline, the result exceeded analyst expectations of ₹17,739 crore. The fall in […]
Quantum technology is rapidly reshaping global innovation—and at the heart of this race are the United States and China. 🇺🇸 vs 🇨🇳 🔹 China has heavily invested in quantum R&D, building the world’s largest quantum research facility, launching the first quantum satellite, and making notable progress in quantum communication and encryption.🔹 The United States, while
On April 24, 2025, Prime Minister Narendra Modi inaugurated and laid the foundation for multiple development projects in Bihar’s Madhubani district, totaling over ₹13,500 crore. These initiatives encompass significant advancements in rail connectivity, energy infrastructure, and rural development, aiming to bolster the state’s overall growth. Key highlights include the launch of four new train services:
Tata Consumer Products Ltd reported a 52% year-on-year increase in consolidated net profit, reaching ₹407.07 crore for the quarter ended March 2025. This growth was attributed to higher income, with total income rising to ₹4,664.73 crore from ₹3,965.39 crore in the same period last year. The company’s board has recommended a dividend of ₹8.25
HCL Technologies reported its Q4 FY25 results, showcasing steady growth amid global economic uncertainties. 📊 HCLTech Q4 FY25 Results: Key Highlights 📈 FY26 Outlook HCLTech anticipates revenue growth between 2% and 5% for FY26, acknowledging potential challenges due to global macroeconomic factors.
AU Small Finance Bank reported a net profit of ₹504 crore for Q4 FY25, marking an 18% year-on-year increase from ₹428 crore in Q4 FY24. This growth was primarily driven by a significant rise in core income. Key Financial Highlights: Dividend Declaration: The bank’s Board of Directors has approved a dividend of ₹1 per
India’s retail inflation dropped to a near five-year low of 3.54% in July 2024, marking the lowest rate since August 2019. This decline was primarily driven by a moderation in food prices, with food inflation easing to 5.42% in July from 9.36% in June. The Finance Ministry attributes this moderation to several factors: Despite this
India’s consumer and retail sectors have experienced a notable surge in deal activity, reaching a three-year high in Q1 2024, according to Grant Thornton. A total of 139 deals worth $3.8 billion were recorded, marking a 65% increase in deal volume from the previous year. This growth is driven by rising domestic consumption, investor interest,
The State Bank of India (SBI) has approved a restructuring plan for Rashtriya Ispat Nigam Limited (RINL), the operator of the Vizag Steel Plant, marking a significant step in the company’s revival efforts. The plan includes lowering the margin money requirements and reducing interest rates on loans, made possible by a recent capital infusion from
Neelu Analjit Singh, the ex-wife of Max Group founder Analjit Singh, has formally requested to reclassify her shareholding in Max Financial Services from the “Promoter and Promoter Group” category to the “Public” category. She currently holds 100,000 equity shares in the company. This move follows a settlement agreement between Neelu and Analjit Singh, executed on
