India’s largest lender State Bank of India Ltd. (SBI) reported results for the March quarter on Friday, May 8, that were mixed when compared to analyst expectations. SBI’s core income or Net Interest Income (NII) during the quarter increased by 4.1% year-on-year to ₹44,381 crore. The number was lower with the CNBC-TV18 poll figure of…
Ujjivan Small Finance Bank reported a sharp rise in fourth-quarter earnings on May 8, supported by strong growth in core income and improving asset quality, even as the Reserve Bank of India sought further diversification in its loan portfolio before considering its transition to a universal bank. The lender posted a net profit of ₹281.97…
Kalyan Jewellers reported a strong set of fourth-quarter earnings on May 8, aided by robust wedding demand, healthy same-store sales growth and continued momentum across its India and digital jewellery businesses. Revenue for the quarter ended March rose 66% year-on-year to ₹10,275 crore from ₹6,182 crore a year earlier. EBITDA surged 84.2% to ₹735.7 crore…
Revenue rose 16.7% year-on-year to ₹847 crore compared to ₹725.9 crore. 1 Min Read Shares of Intellect Design Arena Ltd. surged more than 6% in Friday’s trade after the company announced its earnings for the March quarter. For Q4FY26, the company reported a net profit of ₹120.2 crore, down 11.2% from ₹135.3 crore in the…
Shares of Urban Company Ltd. fell as much as 6% on Friday, May 8, after the company’s March quarter results saw its losses widen on a year-on-year basis due to increased expenses. Urban Company reported a net loss of ₹161 crore compared to a loss of ₹2 crore during the same quarter last year. Revenue…
The Supreme Court on Friday heard arguments related to the ongoing CBI and ED investigations into alleged siphoning of funds linked to Reliance Communications, with lawyers representing Anil Ambani arguing that “maybe he was cheated” in the transactions under scrutiny. During the hearing, the CBI told the court that investigations into the alleged diversion of…
Hyundai Motor India reported a mixed set of Q4 results on May 8, with better-than-expected profitability supported by stronger realisations, even as margins remained under pressure and volume growth lagged broader industry trends. The automaker posted a net profit of ₹1,255.6 crore for the quarter ended March, down 22.2% from ₹1,614 crore in the year-ago…
NBCC (India) Ltd has secured a work order worth around ₹252.8 crore from the Odisha School Education Programme Authority, the company said in an exchange filing. The contract pertains to the implementation of Phase-II of the Godabarisha Mishra Adarsha Prathamika Vidyalaya (GMAPV) scheme across 46 schools in various districts of Odisha. The project has been…
Food delivery and quick commerce services provider Swiggy Ltd. reported results after market closing on Friday, May 8, which saw its losses narrow on a year-on-year basis, but a selective expansion of its dark store network for the quick-commerce business. For the March quarter, Swiggy reported a net loss of ₹800 crore, compared to a…
Employees of the Reserve Bank of India staged a protest on Friday morning, opposing a new internal policy that makes promotions from Grade B to Grade C vacancy-linked, replacing the earlier time-bound progression system. Sources with direct knowledge of the matter told CNBC-TV18 that the agitation marks a rare instance of organised employee dissent at…
