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Alaska airlines (File photo) Alaska Air Group on Thursday lowered its 2025 profit forecast due to rising fuel costs and operational challenges. The airline said adverse weather and other disruptions have further pressured its profit margins.The airline also projected fourth-quarter profit well below analysts’ expectations.Fuel costs have surged due to refinery outages on the US…
MUMBAI: HDFC Bank reported a 10.8% rise in standalone net profit to Rs 18,640 crore for the quarter ended Sept 2025, driven by higher non-interest income and steady improvement in asset quality.Net interest income rose 4.8% year-on-year to Rs 31,550 crore, while non-interest income surged 25% to Rs 14,350 crore. Total income grew 10.4% to…
MUMBAI: Punjab National Bank (PNB) reported a 14.0% year-on-year rise in net profit to Rs 4,904 crore for the second quarter ended September 30, 2025, driven by higher total income and improvements in asset quality. The state-owned lender’s operating profit rose 5.5% to Rs 7,227 crore.Total income grew 5.1% to Rs 36,214 crore, while net…
MUMBAI: IDFC FIRST Bank reported a 76% rise in profit after tax (PAT) to Rs. 352 crore for Q2 FY26, driven by lower provisions and growth in its retail and commercial businesses. The bank’s CASA ratio crossed 50% for the first time, reflecting improved funding stability.The PAT jump was supported by a 16.2% YoY decline…
MUMBAI: ICICI Bank’s profit growth slowed in the September quarter as a steep drop in treasury income offset gains from its core banking business. The lender’s standalone net profit rose 5.2% year-on-year to Rs 12,359 crore for the three months ended September 30, 2025.The bank’s underlying performance remained strong, with steady loan growth, higher fee…
MUMBAI: Federal Bank reported a record rise in operational income for the quarter ended Sept 2025, but higher provisions led to a decline in net profit.The bank’s net profit fell 9.5% year-on-year to Rs 955.3 crore from Rs 1,057 crore in the same quarter last year. Total provisions, including tax, rose 35.4% to Rs 689…
Mumbai: Reliance Industries, India’s largest company in terms of market value, posted a 16% increase in quarterly profit on Friday, driven by strong performance of its legacy oil-to-chemicals (O2C) business and consumer-facing digital and retail units. Revenue totalled over Rs 2.6 lakh crore, up about 10%.Operating profit, a yardstick for underlying business performance, rose 16%…
RIL recorded gross revenue of Rs 2.83 lakh crore, marking a 10% year-on-year increase. RIL Q2 FY 2025-26 results: Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday reported a consolidated second-quarter net profit of Rs 18,165 crore. This is a 10% increase from Rs 16,563 crore in the previous year. The operational revenue reached Rs…
Infosys Q2 results FY 2025-26: India’s second largest IT services firm, Infosys, on Thursday reported a net profit of Rs 7,364 crore during the second quarter of FY26. This is an increase of 13% compared to the previous year. The company’s operational revenue increased by 9%, reaching Rs 44,490 crore.The firm announced an interim dividend…
IT services major Wipro on Thursday reported a marginal increase in its consolidated net profit to Rs 3,246.2 crore for the July-September quarter, up from Rs 3,208.8 crore in the year-ago period, according to a regulatory filing with stock exchanges.Revenue from operations for the quarter rose 1.7 per cent to Rs 22,697.3 crore, compared with…
