Eternal, the parent company of Zomato, has posted a 90 per cent YoY drop in its profit in the first quarter of fiscal year 2026. The company posted a profit of Rs 25 crore in Q1FY26, while its profit in Q1FY25 was Rs 253 crore. Further, Eternal’s total revenue from operations in Q1FY26 stood at
Citing the adverse impact of mental health of youth, Maharashtra government is mulling to ban online games in the state. Chief Minister Devendra Fadnavis on Friday said he has spoken to the Information and Technology Minister Ashwini Vaishnaw regarding this and said the Centre is “seriously looking into the issue”. While addressing the Legislative Assembly
HDFC Bank has reported a 1.31 per cent decline in its consolidated net profit to Rs 16,258 crore in its first quarter results against Rs 16,475 crore a year ago. However, it reported a 12.2 per cent increase in its standalone net profit to ₹18,155 crore, up from ₹16,175 crore last year. The bank’s performance was
JSW Steel Ltd on Friday released its fiscal first quarter earnings report with profit at Rs 2,209 crore, surpassing estimates. The company reported a surge of 154.79 per cent in comparison to Rs 867 crore recorded during the corresponding quarter of FY25. The performance was buoyed by robust domestic demand and lower input costs. JSW
LTIMindtree Ltd on Thursday released its fiscal first quarter earnings report with profit at Rs 1,254.10 crore, posting a growth of 10.61 per cent in comparison to Rs 1,133.80 crore recorded during the first quarter of FY25. It posted revenue from operations at Rs 9,840.60 crore. This was 1.63 per cent higher than Rs 9142.60
The market regulator, the Securities and Exchange Board of India (SEBI), has granted renewal of the recognition of Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL) to act as a clearing corporation for a three-year three years period. Beginning from July 31, the renewal will be valid till July 30, 2028. ALSO READStocks making the biggest
India has achieved 50% of its installed energy capacity from renewable sources. The achievement comes 5 years before the set target of 2030 under the Paris Agreement, says the Ministry of New and Renewable Energy. Pralhad Joshi, Union Minister for New and Renewable Energy, said in a post on X that India’s total installed energy
HDFC Bank has completed its first full financial year after merging with HDFC. With the integration phase now behind, the bank is focusing on growth and transformation. As per a report by CNBC-TV18, in FY25, the bank’s deposits grew 2.5 times faster than its loans. This helped bring down the credit-to-deposit ratio to 96 per
Public sector bank Union Bank of India on Friday announced waiving penalty charges for not maintaining the minimum balance amount in general savings accounts. The direction is effective from the quarter ending September 2025. “In alignment with the spirit of financial inclusion and customer-centric banking, Union Bank of India now waives charges for non-maintenance of
Bajaj Finserv on Thursday reported a 30 per cent year-on-year rise in consolidated net profit at Rs 2,789 crore for the first quarter of FY26, compared to Rs 2,138 crore in the same period last year. However, its lending arm Bajaj Finance has reported a decline in asset quality. Bajaj Finserv: Revenue rises 12.5 per
Indian equity markets closed on a lower note for the second consecutive session. The Nifty 50 closed the session over 200 points lower, just saving 24,800, and the Sensex ended the day more than 700 points or 0.88% points lower at 81,460. The Nifty Bank settled almost 530 points lower at 56,500. In line with
Federal Bank, in collaboration with fintech partners M2P and MinkasuPay, has introduced India’s first-ever biometric authentication solution for e-commerce card transactions, according to an official statement. With this solution, customers can now authenticate online purchases using just a touch or a look — their Fingerprint or Face ID. This solution not only enhances security but
FMCG major, Nestle India reported a 13.4 per cent fall in consolidated net profit for the June 2025 quarter at Rs 646.59 crore compared to Rs 746.6 crore in the same period last year. The drop was mainly due to higher commodity prices and increased operating costs, the company said in its regulatory filing. Here
