Category: Stock

Mumbai: Deposit rates across the banking system rose in March 2026, with the weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits at commercial banks increasing by 42 basis points to 6.07%, up from 5.65% in February, data released by the Reserve Bank of India showed. Private sector lenders led the uptick, […]

State Bank of India (SBI) has promoted eight chief general managers (CGMs) to the post of deputy managing directors (DMDs) in its annual cycle. Some of the new DMDs have already been assigned their departments while the rest of them will be allotted as existing DMDs retire. There are 18 DMDs at India’s largest bank […]

Mumbai: Federal Bank will acquire a select India credit card portfolio from Standard Chartered Bank of about 450,000 cards, the bank said in a statement. Both banks will sign an agreement for the deal, the bank said in a statement without giving a timeline for the deal. The portfolio acquisition will enhance Federal Bank’s existing […]

Zen Technologies reported a consolidated net profit of Rs 32 crore in the March-ended quarter, compared with Rs 101 crore in the year-ago period, implying a 69% decline. The profit after tax (PAT) is attributable to the company’s shareholders. The company’s revenue from operations in Q4FY26 fell 45% to Rs 178.7 crore, versus Rs 325 […]

ET Intelligence Group: HUL reported marginally better-than-expected volume growth in the March 2026 quarter, led by sustained momentum in the home care and beauty segments. However, margins came under pressure as rising input costs led by higher crude oil and crude-linked derivatives’ prices offset the benefits from the demerger of the low-margin ice-cream business. The […]

The RBI should formally reject the application of Tata Sons to deregister itself as a Systemically Important Core Investment Company (CIC) to avoid mandatory IPO listing requirements and direct the Tata holding company to pursue a listing in line with (UL) NBFC requirements by March 2027, InGovern Research services , a corporate governance advisory firm, […]

Jindal Steel swung back to profit in the March-ended quarter, reporting a consolidated net profit of Rs 1,045 crore compared to a net loss of Rs 339 crore in the year-ago period. The profit after tax (PAT) is attributable to equity holders of the company. The company’s revenue from operations in Q4FY26 was up 23% […]

Mumbai: Hindustan Unilever Limited (HUL) warned of fresh price increases resulting from surging crude oil-linked commodity costs triggered by the Iran war, even as stable consumer demand helped India’s largest consumer goods maker post its fastest growth in three years in the March quarter. The maker of Surf Excel and Dove, whose performance is considered […]

Mumbai: Retail investors favouring corporate deposits are facing a divergence in interest rate signals from two of India’s largest deposit-taking finance companies. Bajaj Finance, the country’s largest non-banking finance company, has increased deposit rates by up to 45 basis points effective May 1, while Shriram Finance is set to cut them by 35 bps from […]

Mumbai: The Securities and Exchange Board of India on Tuesday introduced a fast-track mechanism for processing private placement memoranda (PPM) of alternative investment funds, allowing quicker launch of schemes while placing greater responsibility on merchant bankers and AIF managers. Under the new framework, AIFs-excluding large value funds for accredited investors-can launch schemes and circulate PPMs […]