MUMBAI: Bank of Maharashtra reported a net profit of Rs 2,023 crore in Q1FY27, up 27% from Rs 1,594 crore in the corresponding quarter a year earlier, driven by higher net interest income and non-interest income as loan growth lifted interest earnings while other income streams strengthened. The increase in net profit was driven by…
Companies desperately want to get their ships moving through the Strait of Hormuz, but face mounting risks. “Things are becoming uglier by the minute,” one executive said. Source link
MUMBAI: India’s foreign exchange reserves rose by $7.3 billion to $674.2 billion in the week ended July 3, driven largely by an increase in foreign currency assets and a rise in the value of gold holdings. The gain reflects both valuation effects and accretion in underlying assets, with the two dominant components of reserves accounting…
A federal labor law judge determined last week that the software maker Atlassian had illegally fired an employee who questioned company policy changes. Source link
ONGC said the proposed facility, along with related infrastructure, will be developed as the Phase-I expansion of the existing strategic petroleum reserve at Mangaluru. (Reuters photo) As the world faces turmoil with the ongoing Middle East situation, state-run Oil and Natural Gas Corporation (ONGC) on Friday announced that its board has granted in-principle approval for…
The German auto giant’s push into China powered it for decades, but now the company faces fierce competition from Chinese automakers in markets around the world. Source link
Near the midpoint of the year, stocks and bonds both report good returns. But the global stock market has become highly concentrated, our columnist says. Source link
Next week marks the start of a busy earnings calendar. (AI image) Wall Street today: US stocks and oil prices were largely flat on Friday, heading toward a subdued end to the week after the sharp swings seen earlier as investors assessed the potential impact of the Iran conflict on global crude supplies.The S&P 500…
Start-ups are paying white-collar professionals to teach their jobs to artificial intelligence models. It’s a bonanza. It’s bleak. Where will it end? Source link
MUMBAI: Auto financiers are pushing for innovation in lending, with a shift towards embedded finance and partnerships instead of generic EMI products, even as global markets adopt integrated digital credit at the point of sale.Speaking at the Federation of Automobile Dealers Association (FADA) 5th Finance and Insurance Summit 2026 in Mumbai Rajan Pental, executive director…
