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NEW DELHI: Power distribution companies in the private and public sectors have staged a smart turnaround, reporting a combined profit of over Rs 2,700 crore in 2024-25, as against losses of Rs 25,553 crore in the previous year, govt said on Sunday.Power ministry officials attributed this to improved performance by state-run power utilities. “If we…
MUMBAI: HDFC Bank, Yes Bank and RBL Bank reported improved profitability in the Dec quarter, supported by treasury gains, steady loan growth and lower provisions, even as operating costs rose due to labour code-related expenses.HDFC Bank posted an 11.5% year-on-year rise in net profit to Rs 18,654 crore in Q3 FY26 from Rs 16,736 crore….
Mumbai: An RBI-directed reclassification of the bank’s agri loan portfolio led to ICICI Bank reporting a 4% year-on-year decline in net profit to Rs 11,318 crore for the quarter ended Dec 2025. The bank’s board also reappointed Sandeep Bakhshi for a further two years starting Oct 2026, 19 months before he turns 70 – the…
MUMBAI: ICICI Bank reported a year-on-year decline of 4.02% in net profit to Rs 11,317.9 crore for the quarter ended Dec 31, 2025, weighed down by a sharp rise in provisions, even as core operating performance remained steady. Profit also fell 8.42% sequentially from Rs 12,358.9 crore in the previous quarter.Announcing the results, the bank’s…
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: 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…
Mukesh Ambani-led Reliance Industries Ltd (RIL) reported largely stable earnings for the December quarter, with consolidated profit inching up marginally even as revenue posted double-digit growth, supported by steady operating performance across its businesses.The conglomerate reported a marginal 0.56 per cent year-on-year rise in consolidated net profit attributable to shareholders at Rs 18,645 crore for…
IT services major Infosys on Wednesday reported a 2.2 per cent decline in consolidated net profit to Rs 6,654 crore for the October–December quarter of FY26, even as revenue from operations rose nearly 9 per cent year-on-year.The Bengaluru-headquartered company had posted a net profit attributable to owners of the company of Rs 6,806 crore in…
IT services firm HCLTech on Monday reported an 11.2% year-on-year decline in consolidated net profit to Rs 4,076 crore for the October–December quarter of FY26, compared with Rs 4,591 crore in the year-ago period.The Noida-headquartered company, however, posted strong top-line growth, with revenue from operations rising 13.3% to Rs 33,872 crore in the third quarter,…
Viral Trades Are Dying, Forget Moonshots: Dubai’s Top Crypto Minds Say This Is How You Win Profits in 2026 Dubai, January 11, 2026: With the global cryptocurrency economy evolving rapidly, crypto traders in the UAE are sharpening their strategies for what many analysts predict will be a pivotal year. According to Dubai market specialists, 2026…
