Business

MUMBAI: HDFC Bank reported an 11.46% year-on-year increase in net profit to Rs 18,653.75 crore in Q3 FY26 from Rs 16,735.50 crore a year earlier, on the back of treasury profits with loan growth and stable asset quality supporting earnings, even as operating costs rose sharply.On a sequential basis, profit was largely flat, inching up…

MUMBAI: Yes Bank on Saturday reported a net profit of Rs 952 crore for the third quarter ended Dec 31, 2025, marking a sharp improvement in earnings as gains from recovery of bad loans and higher core income.Yes Bank said profit rose 55.4% from Rs 612 crore a year earlier and was up 45.4% sequentially…

Sergio Gor with RBI governor Sanjay Malhotra (Image/X) US Ambassador to India Sergio Gor on Saturday met Reserve Bank of India Governor Sanjay Malhotra to discuss strengthening bilateral cooperation. The talks focused on expanding collaboration, particularly in the technology sector.The meeting with the RBI Governor comes as part of Gor’s broader engagement with key Indian…

PM Modi flagged-off Vande Bharat sleeper train (PTI image) Prime Minister Narendra Modi on Saturday said India is now manufacturing more railway coaches than the United States and Europe, highlighting the country’s growing self-reliance. He made the remarks while flagging off India’s first Vande Bharat sleeper train from Malda in West Bengal.Addressing a public gathering…

India’s overall gems and jewellery exports witnessed a 4.98 per cent year-on decline to $1,883.85 million (Rs 16,978.44 crore) in December 2025, as geopolitical uncertainties hit key markets, the Gem and Jewellery Export Promotion Council (GJEPC) said on Friday.The total gem and jewellery exports stood at $1,982.62 million (Rs 16,843.87 crore) in December 2024, GJEPC…

MUMBAI: RBL Bank reported a net profit of Rs 214 crore in Q3 FY26, up 555% from Rs 33 crore a year earlier when earnings were subdued to provisions. The net profit was 20% higher than Rs 179 crore in the previous quarter.Profit in the December quarter would have been higher but for the one-off…

Representative image (AI-generated) The ministry of labour and employment is considering making the four Labour Codes effective from April 1 to align their rollout with companies’ financial year. The move is aimed at easing the impact of higher provident fund and gratuity costs arising from changes in salary structures under the new framework.According to officials…

For now the Amrit Bharat Express trains have only non-air-conditioned coaches, combining general seating with second-class sleeper accommodation Prime Minister Narendra Modi will flag off four new Amrit Bharat Express trains on Saturday with an aim to enhance train travel experience and connectivity for the common man. The Amrit Bharat Express trains are modern trains…

Representative image (AI-generated) Bank holiday on January 17: On Saturdays, many bank customers often face confusion over whether branches are open or closed, as banks do not operate on all Saturdays each month. As per Reserve Bank of India (RBI) rules, banks remain closed on the second and fourth Saturdays, while they function on the…

Representative image (AI-generated) State-run Indian Oil Corp and Rosneft-backed Nayara Energy have increased their purchases of Russian crude in January. This comes even as India’s overall imports from Russia have declined under US sanctions.Reliance Industries, India’s largest buyer over the past year, along with several other refiners, has not received any supplies this month. This…