Business News

Business

HDFC Bank Makes History with First-Ever 1:1 Bonus Issue and Special Rs 5 Dividend

HDFC Bank announces a historic 1:1 bonus issue and a special Rs 5 dividend, alongside reporting a 12% increase in Q1FY26 net profit. Record dates and financial performance highligh...

Business

ICICI Bank Reports Strong Q1 Growth: Net Profit Jumps 15.9% to Rs 13,558 Crore Amid Rising NII

ICICI Bank reports a 15.9% rise in Q1 net profit to Rs 13,558 crore, with NII up by 10.6%. Despite a slight dip in NIM, the bank remains optimistic about asset quality and future g...

Business

RBL Bank's Q1 Financial Performance: A 46% Drop in Net Profit Sparks Strategic Shifts

RBL Bank faces a 46% drop in Q1 net profit to Rs 200 crore, with NII down 13% to Rs 1,481 crore, due to lower core income and interest margins. Strategic shifts towards secured ret...

Business

Union Bank Reports a 12% Surge in Q1 Net Profit to Rs 4,116 Crore, Marking Significant Asset Quality Improvement

Union Bank of India reports a 12% rise in Q1 FY26 net profit to Rs 4,116 crore, with improved asset quality and a decrease in bad loan provisions, showcasing strong financial healt...

Business

India Introduces Hallmarking for 9 Karat Gold: A Game-Changer for Consumers and Jewellers

The Indian government has introduced hallmarking for 9 karat gold, aiming to revive consumer interest amid high prices. This move is expected to benefit both rural and urban market...

Business

India's Pain Relief Market Booms: A Look into the Rs 16,000 Crore Industry and the Rise of 5 New Brands Weekly

India's pain relief market has grown to Rs 16,000 crore, with five new brands launching weekly. The segment, driven by urbanization and chronic illnesses, faces warnings from healt...

Business

India Considers Easing FDI Rules for Chinese Investments: Up to 24% Stake Without Clearance

Niti Aayog proposes easing FDI rules for Chinese investments, allowing up to 24% stake without clearance. This could simplify the process for Chinese firms and enhance India's glob...

Business

Bengaluru Vendors Alert: GST Applies Regardless of Payment Method, Tax Department Clarifies

The Karnataka commercial taxes department clarifies GST must be paid by Bengaluru vendors regardless of payment method, addressing confusion over UPI transactions and registration ...