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State-run Life Insurance Corporation of India (LIC) reported a 17% year-on-year rise in consolidated net profit at Rs 12,930 crore for the December quarter, compared with Rs 11,008 crore in the same period last year.The country’s largest life insurer reported net premium income of Rs 1.26 lakh crore in Q3FY26, up 17% from Rs 1.07…
MUMBAI: IDFC First Bank reported a 48.1% jump in net profit to Rs 503 crore for the third quarter ended December, from Rs 339 crore in the corresponding quarter last year. The increase was helped by higher core income, lower sequential provisions and an improvement in asset quality.The bank’s bottom line improved aided by stronger…
Mumbai: Friday’s sharp slide in silver and gold prices could be due to profit taking by investors post an unprecedented rally that came on the back of the recent strengthening of the dollar against major currencies. For long term investors this could be a time to rebalance their portfolio, with exposure to the two precious…
NEW DELHI: FMCG major Nestle India on Friday reported a 45.12 per cent rise in consolidated net profit to Rs 998.42 crore for the third quarter ended December 2025, on the back of a nearly five-year high volume growth, driving its highest-ever quarterly revenue.The company had posted a consolidated net profit of Rs 688.01 crore…
MUMBAI: Bank of Baroda on Friday reported a net profit of Rs 5,055 crore for the quarter ended December 2025, up 4.5% from Rs 4,837 crore a year earlier, helped by a sharp fall in provisions even as margins stayed under pressure.Net interest income (NII) was largely flat at Rs 11,800 crore, compared with Rs…
MUMBAI: Niva Bupa Health Insurance posted a profit after tax of Rs 76 crore in Q3 FY26, lifting its nine-month profit to Rs 208 crore, a rise of about 74% from a year earlier. The company said the improvement reflects progress towards sustainable profitability as scale benefits and cost controls strengthened.Gross written premium for the…
MUMBAI: Canara Bank reported a 26% rise in net profit to Rs 5,155 crore for the quarter ended Dec 31, 2025, aided by higher operating profit, strong growth in non-interest income and a sharp improvement in asset quality.Operating profit rose 16.4% year on year to Rs 9,119 crore, while total income increased 10.4% to Rs…
New Delhi: Maruti Suzuki India on Wednesday reported a 3.7% rise in net profit for the third quarter, supported by a rebound in domestic sales after GST reforms, though earnings were hit by a one-time provision linked to new labour laws and higher commodity costs. The country’s largest carmaker posted a net profit of Rs…
MUMBAI: Star Health and Allied Insurance reported a sharp jump in profitability in the December quarter, with net profit rising more than four-fold, aided by higher premium growth, improved underwriting performance and a surge in investment income.The Chennai-based standalone health insurer posted a profit after tax of Rs 449 crore in the third quarter of…
MUMBAI: Axis Bank reported a steady operating performance in Dec quarter, with net profit rising 3% year-on-year to Rs 6,490 crore, supported by strong loan growth and higher fee income, even as margins moderated. The bank’s net interest income increased 5% from a year earlier to Rs 14,287 crore, on the back of 14% growth…
