State-run Bank of India reported its June quarter results on Friday, July 24, with growth in core income and net profit, while asset quality improved sequentially. How Did Bank of India Fare In Q1? The Mumbai-based lender’s Net Interest Income (NII), or core income, rose 12.6% year-on-year to ₹6,833 crore from ₹6,068 crore in the…
HDFC Bank spent just ₹2 crore in seed money to build Neev, its in-house artificial intelligence (AI) platform, according to Ramesh Lakshminarayanan, Group Head of Information Technology (IT) and Chief Information Officer (CIO) of the bank, who said the lender has since spent only “a couple of crores here and there” on top of that….
Pharma company Aurobindo Pharma Ltd on Friday (July 24) said it has signed a non-exclusive voluntary licensing agreement with MSD (trade name of Merck & Co., Inc., Rahway, New Jersey, USA) to manufacture and supply generic alimatravir for 129 low- and middle-income countries (LMICs). The company said it is among a select group of global…
State-run NBCC (India) Ltd on Friday (July 24) said it has secured two work orders worth approximately ₹108.85 crore (excluding Goods and Services Tax) in the ordinary course of business. The larger of the two orders, valued at around ₹88.43 crore, has been awarded by the Directorate of Technical Education and Training, Odisha, Cuttack. The…
Bitcoin fell more than 1.6 percent on Friday, dropping toward the $64,000 level as a combination of rising US Treasury yields, geopolitical tensions and fading risk appetite weighed on crypto markets following Wall Street’s open. The sell-off accelerated through the day, with analysts pointing to macroeconomic headwinds rather than crypto-specific factors as the primary driver….
Foreign institutional investors (FIIs) remained net sellers in Indian equities on Friday, offloading shares worth a provisional ₹3,892.77 crore, while domestic institutional investors (DIIs) continued to offset the selling with net purchases of ₹5,453.55 crore. According to provisional exchange data, FIIs bought equities worth ₹11,123.86 crore during the session and sold shares worth ₹15,016.63 crore,…
State-run power giant NTPC Ltd on Friday (July 24) reported an 11.9% year-on-year increase in standalone net profit to ₹5,342.4 crore for the first quarter of FY27, compared with ₹4,774 crore in the corresponding quarter last year. The company’s net profit was above the CNBC-TV18 poll estimate of ₹4,790 crore. Revenue increased 3% year-on-year to…
REC dividend 2026: REC reported over six per cent year-on-year decline in its consolidated net profit at Rs 4,192.76 crore in the April-June quarter of FY27, citing lower interest income. REC dividend 2026: State-owned finance company REC Ltd on Friday reported its earnings for the first quarter of the financial year 2026-27. Along with the…
State-owned power sector financier REC Ltd reported a 6% year-on-year decline in net profit for the June quarter, while net interest income (NII) also moderated as the company rationalised lending rates amid improving credit quality in the power sector. Net profit for the first quarter of FY27 stood at ₹4,192.7 crore, compared with ₹4,465 crore…
State-run power major NTPC Ltd on Friday said its board has approved a proposal to raise up to Rs 12,000 crore through the issuance of non-convertible debentures (NCDs) in the domestic market, subject to shareholders’ approval. The fundraising approval came after the company’s board meeting held today, where it also considered and approved the earnings…
