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Jio Financial Services Ltd on Thursday reported a 9 per cent drop in consolidated profit at Rs 269 crore for the third quarter ended December 31, 2025. The company had earned a consolidated net profit of Rs 295 crore in the same quarter of the previous fiscal, Jio Financial Services said in a regulatory filing. However, the company's consolidated net profit stood at Rs 695 crore in the second quarter of the current fiscal. Total income nearly doubled to Rs 901 crore, from Rs 449 crore in the third quarter of the previous fiscal. Total expenses also witnessed a significant year-on-year increase, rising to Rs 566 crore from Rs 131 crore in the same quarter a year ago. During the quarter, pre-provisioning operating profit grew by 7 per cent to Rs 354 crore. Growth in total income was partially offset by higher expenses, in line with volume growth across all businesses, it said. For the nine months ended December, the company's net profit also declined marginally to Rs 1,289 crore,
Angel One on Thursday reported a 4.5 per cent year-on-year decline in consolidated profit after tax (PAT) to Rs 269 crore in the December quarter as rising operating expenses weighed on margins. The company had posted a PAT of Rs 281.5 crore in the corresponding year-ago quarter. However, the broking firm registered a 5.8 per cent increase in total income to Rs 1,338 crore from Rs 1,264 crore in Q3 FY25, driven by an improvement in interest income and fees and commission income, according to a regulatory filing. Total expenses increased to Rs 964.2 crore from Rs 876.5 crore, driven primarily by higher employee benefit costs, employee stock ownership plan (ESOP) expenses and other operating expenses. The company's board has approved a stock split in the ratio of 1:10, whereby each equity share with a face value of Rs 10 will be subdivided into 10 equity shares of Rs 1 each.
Pilots' body FIP has served a legal notice to the Aircraft Accident Investigation Bureau (AAIB) regarding the summoning of a nephew of Sumeet Sabharwal, one of the pilots who died in an Air India plane crash at Ahmedabad in June last year. In connection with its probe into the crash, AAIB has summoned Captain Varun Anand, nephew of the late Sabharwal and a narrow-body aircraft pilot with Air India. Anand is also a member of the Federation of Indian Pilots (FIP). Sabharwal was one of the pilots who operated the ill-fated Boeing 787-8 plane that crashed into a medical hostel complex on June 12, 2025, soon after take-off from Ahmedabad for London Gatwick. As many as 260 people, including 241 on board the plane, were killed in the AI171 crash. "Captain Varun Anand is neither a factual witness nor a technical witness nor an expert witness in relation to the said accident. The sole basis for calling Captain Varun Anand appears to be his familial relationship with the deceased ...
Industry stakeholders have flagged high compliance burden, logistics and energy costs, and limited access to long-term capital as main constraints for manufacturers, according to a survey by Assocham. Business leaders have urged the government to take measures to boost domestic manufacturing and strengthen the 'Make in India' initiative in the Budget 2026-27. The survey covered about 120 respondents over three weeks across sectors, including manufacturing, services, infrastructure, startups, IT and ITeS, among others. It found that 55 per cent of respondents remain optimistic about the business outlook over the next 12 months, while 32 per cent maintain a neutral stance, and the remaining 13 per cent expressed a pessimistic outlook. Citing the survey's findings, Assocham stated that while government initiatives such as infrastructure capital expenditure, GST 2.0 reforms and Production Linked Incentive (PLI) schemes are seen as directionally positive, their on-ground impact remains
Private sector lender South India Bank on Thursday reported a 9.3 per cent rise in net profit to Rs 374 crore for the third quarter ended December 2025. The Kerala-based lender had earned a net profit of Rs 342 crore in the same quarter a year ago. Its total income increased to Rs 3,003 crore during the quarter under review from Rs 2,780 crore in the year-ago period, South Indian Bank said in a regulatory filing. Interest income also rose to Rs 2,518 crore from Rs 2,379 crore in the third quarter of the previous fiscal. The bank's operating profit improved to Rs 584 crore from Rs 529 crore in the December 2024 quarter. On the asset quality front, the bank's gross non-performing assets (NPAs) declined to 2.67 per cent of gross loans by the end of December 2025 from 4.30 per cent a year ago. Similarly, net NPAs or bad loans fell to 0.45 per cent compared to 1.25 per cent in FY25. Its capital adequacy ratio moderated to 17.84 per cent from 18 per cent at the end of the same quarter
A consumer commission has asked Amazon to pay a refund to a TV buyer along with compensation, holding that an e-commerce platform cannot avoid liability for a defective product by claiming to be a "mere intermediary" and not the actual seller. District Consumer Disputes Redressal Commission (suburban Mumbai) on January 6 held Amazon Seller Services Private Limited (ASSPL) guilty of deficiency in service for resolving the issue. The commission, led by president Pradeep Kadu and member Gauri Kapse, ordered ASSPL to refund the customer, stressing that an online marketplace "cannot absolve itself of responsibility merely by describing itself as an intermediary, especially when it actively facilitates the sale, receives commercial benefit, and engages directly with consumers post-sale". "A consumer purchasing goods online does not have direct access to the manufacturer or service centre. The only visible and accessible entity is the online platform. The consumer relies not only on the
Infosys CEO and Managing Director Salil Parekh on Wednesday clarified that no employee of the IT major has been apprehended by US authorities, dismissing viral social media reports about a purported deportation of a staffer. During the company's Q3 earnings call, Parekh, responding to a specific question, said the rumours that had been circulating online over the past few days. "No Infosys employee has been apprehended by any US authority. A few months ago, one of our employees was denied entry into the US and was sent back to India," Parekh said. The clarification comes in the wake of a post on social media platform X by a user named Chetan Anantharamu, which went viral earlier this week. The post narrated what Anantharamu described as a "wild wild story" involving an Infosys employee from Mysuru who was allegedly on-site for a project in the United States. According to the post, the employee was purportedly "picked up by ICE (Immigration and Customs Enforcement) agents and given