Category: Breaking News
Bank of India Q4 net profit soars 82% to Rs 2,626 crore; eyes 12% loan growth in FY26
Bank of India’s net profit soared 82% to Rs 2,626 crore in Q4 2025, fueled by treasury gains and recoveries from written-off accounts. The bank targets 12-13% loan growth and … Read More
‘India’s medium-term growth prospects remain strong’: Morningstar DBRS upgrades sovereign rating to ‘BBB’
Morningstar DBRS has upgraded India’s sovereign credit rating to ‘BBB’ with a stable trend, citing structural reforms, improved fiscal metrics, and macroeconomic resilience. The upgrade reflects India’s strengthened economic fundamentals, … Read More
Domestic medical device firms bullish on India-UK FTA
Indian medical device firms anticipate significant export growth to the UK under the new FTA, potentially doubling current levels. Lower tariffs promise reduced prices for imported devices, benefiting Indian patients. … Read More
Public sector banks post record Rs 1.78 lakh crore profit in FY25, driven by reforms
Public sector banks in India have achieved a record cumulative net profit of Rs 1.78 lakh crore for FY25, a 26% increase from the previous year. All 12 PSBs reported … Read More
‘Too big to fail debtor’: India targets Pakistan on IMF bailout package; abstains from voting over misuse of funds for terrorism
India-Pakistan tensions: India has voiced strong concerns at the IMF’s Executive Board meeting regarding bailout packages for Pakistan, citing its poor track record and potential misuse of funds for terrorism. … Read More
SBI, other lenders sell Yes Bank stake for Rs 13,483 crore in deal with Japan’s Sumitomo Mitsui Banking Corporation
State Bank of India and other lenders are selling a 20% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation for Rs 13,483 crore. This marks the largest cross-border … Read More
India-Pakistan tensions wipe out Rs 7 lakh crore from investor wealth in 2 days
Escalating India-Pakistan tensions, spurred by Operation Sindoor, triggered a significant market selloff, wiping out Rs 7 lakh crore in investor wealth over two sessions. The NSE Nifty and BSE Sensex … Read More