HSBC has reported a hit to its profits after booking a $400 million charge linked to a suspected fraud, highlighting ongoing risks in its lending and counterparty exposures, according to the Financial Times. The bank said the charge relates to a single client relationship, where it identified “fraud-related activity” that led to a deterioration in…
Spandana Sphoorty Financial reported a sharp turnaround in the March quarter, swinging to a net profit of ₹5.27 crore compared to a loss of ₹434.3 crore a year ago. The recovery was supported by a return to operating profitability, with EBITDA coming in at ₹121 crore versus a loss of ₹389 crore in the year-ago…
KEC International Limited has secured new orders worth ₹1,002 crore across multiple business segments, the company said in a press release dated May 5, 2026. The orders span its key verticals, including Transmission & Distribution (T&D), renewables, transportation, and cables & conductors, reflecting diversified order inflows in both domestic and international markets. In the T&D…
Securities and Exchange Board of India (SEBI) has proposed a set of measures to enhance market efficiency and broaden investor access, including extending early pay-in (EPI) benefits to options contracts in commodity derivatives. In a consultation paper, SEBI said clearing corporations may allow market participants to deposit certified goods in accredited warehouses against options contracts…
Indian markets regulator SEBI on Tuesday, May 5, proposed allowing online bond platforms to offer products regulated by the country’s international financial centres authority, a move aimed at broadening access to overseas‑listed debt and bolstering Gujarat’s GIFT City as a global finance hub. Here are some details: • Securities and Exchange Board of India (SEBI)…
Aavas Financiers reported a steady performance in the March quarter, with net profit rising 18.2% year-on-year to ₹182 crore. Net interest income (NII) grew 18.8% to ₹441.2 crore, supported by healthy margin expansion and improved operating momentum. Assets under management (AUM) increased 15% YoY to ₹235 billion as of March 31, 2026, while net interest…
Coforge Ltd on Tuesday, May 5, reported a strong March quarter performance with the company’s net profit rising 144.8% sequentially to ₹612.3 crore from ₹261.2 crore in the year-ago period, beating the CNBC-TV18 poll estimate of ₹448 crore. Revenue rose 30% year-on-year to ₹4,450.4 crore from ₹3,422.2 crore, slightly ahead of the forecast of…
Larsen & Toubro reported a mixed set of Q4 results on May 5, with steady revenue growth but earnings falling short of Street expectations amid margin pressures and a high base. For the March quarter, consolidated net profit stood at ₹5,326 crore, marginally lower than ₹5,497 crore a year ago, reflecting a 3.1% decline. The…
Hero MotoCorp delivered a strong set of March quarter earnings, beating Street estimates across key metrics, led by robust volume growth and improving product mix. The company reported a 29.6% year-on-year rise in net profit to ₹1,401 crore, slightly ahead of estimates, while revenue grew 28.8% to ₹12,797 crore. EBITDA rose 31% to ₹1,856 crore,…
Raymond Realty reported a strong sequential performance for the March quarter, with net profit rising to ₹161 crore from ₹67 crore in the previous quarter. The company’s revenue grew 52.7% quarter-on-quarter to ₹1,156.8 crore, while EBITDA surged to ₹234.3 crore from ₹91.5 crore, driving margin expansion to 20.3% from 12.1%. The board has…
