The Bsnk’s net interest income rose 21% year-on-year to Rs 6,184 crore in Q2 FY27, while core operating profit climbed 38.5% to Rs 2,527 crore. NEW DELHI: IDFC First Bank reported a 196.5 per cent year-on-year jump in profit after tax to Rs 1,045 crore in the September quarter of FY27, supported by strong growth…
On a standalone basis, the bank’s net profit rose 29 per cent to Rs 4,212 crore from Rs 3,253 crore in the year-ago quarter. NEW DELHI: Kotak Mahindra Bank on Saturday reported a 26 per cent increase in consolidated net profit to Rs 5,645 crore for the September quarter of FY27, compared with Rs 4,468…
The report said deficient rainfall in some regions could adversely affect kharif crop yields. MUMBAI: RBI’s Oct 2026 State of the Economy report flagged rising inflation, geopolitical tensions and global financial volatility as key risks to India’s growth outlook, even as strong domestic demand, services activity and exports supported economic momentum.The report said headline CPI…
File photo: A shopper looks at the section of a grocery store in Fort Worth, Texas (Picture credit: AP) US consumer sentiment edged down to near a record low in October as rising prices linked to the Middle East conflict weighed on households’ views of the economy, a University of Michigan survey showed on Friday,…
In 2008, the Reliance Power IPO had seen the total demand at about Rs 7.1 lakh crore. MUMBAI: The maiden public offering for Jio Platforms, which aimed to raise a recordbreaking Rs 30,213 crore, on Friday created several other records. It saw about 1.3 crore retail investors participating in the offer. While the institutional part…
During the day’s session, sensex fluctuated by more than 1,300 points but closed just 126 points down at 73,124 points. MUMBAI: Rising crude oil prices and a weakening rupee weighed on investor sentiment on Friday and led to strong volatility in the market. But at close, the two leading indices—sensex and Nifty—were only marginally lower….
Purchase Up 94% Since July. MUMBAI: RBI’s net dollar purchases surged 132% to $43.3 billion in Aug 2026, driven by inflows through its concessional FCNR(B) swap facility, while its outstanding net forward short position crossed $200 billion for the first time.RBI bought $74.5 billion in dollars during the month, up 93.9% from $38.4 billion in…
AI was also lowering the barriers for smaller criminal operations, he said. NEW DELHI: India is the world’s seventh most targeted country by cyberattacks and third in Asia, a senior Microsoft executive said Friday, warning that artificial intelligence was already helping criminals mount ransomware and espionage campaigns.At the NDTV World Summit 2026, Nicholas Butts, director…
Travel accounted for 59.5% of total remittances, rising 11.4% from July to $1.6 billion. MUMBAI: Outward remittances under RBI’s Liberalised Remittance Scheme (LRS) rose 6% month-on-month to $2.7 billion in Aug 2026, driven by overseas student travel, business travel and payments for remote education, while investments in foreign equity and debt more than doubled from…
he slowdown was particularly sharp in high-tech and retail, which declined 17.3% and 7.7% year on year, BENGALURU: Infosys had a lacklustre Q2, with its shares falling 6% in early trade on the NYSE after it cut FY27 revenue growth guidance to 1%-2% in constant currency terms from 1.5%-3% earlier. This is the company’s weakest…
