Page 2 - Bs Reporter

ONGC okays $500 million guarantee for MRPL to import oil from Aramco

ONGC approved a $500 million guarantee for MRPL's crude imports from Aramco as India plans to source up to 25% of its 2027 LPG imports from the US

Coforge Q1 results: Net profit up 63.7% at ₹519 crore, revenue rises 49%

The IT services firm reported robust Q1 earnings, driven by Encora integration and strong healthcare and insurance growth, while maintaining strong AI-led deal momentum

Cognizant deepens Anthropic tie-up with Claude Partner Network expansion

IT services firm deepens collaboration with Anthropic to help enterprises deploy Claude-powered AI solutions across regulated industries and business operations

PhonePe's FY26 net loss widens to ₹2,792 cr despite 11.5% revenue growth

The fintech firm's revenue from operations rose to ₹7,920.48 crore in FY26, but higher expenses and regulatory changes contributed to a wider annual loss

AU SFB posts 37% rise in Q1 profit as NII grows, provisions decline

The lender's June-quarter profit was aided by strong growth in net interest income and lower provisions, although asset quality weakened sequentially

BNP Paribas Cardif to buy 26% stake in IndiaFirst Life from Warburg Pincus

The transaction, subject to regulatory approvals, will make BNP Paribas Cardif the second-largest shareholder in IndiaFirst Life after Bank of Baroda

Shriram Finance's Q1 FY27 profit jumps 60% on strong NII, AUM growth

The NBFC reported robust growth in net interest income and assets under management, while asset quality remained broadly stable during the June quarter

SBI Life posts 22% rise in Q1 FY27 profit on strong premium income growth

The insurer reported robust growth in annualised premium equivalent and value of new business, while its product mix continued to shift towards non-par offerings

Ujjivan SFB's Q1 profit rose over 3x to ₹317 cr on lower credit costs

The lender reported robust loan and deposit growth, improved asset quality and lower credit costs, while raising its return on assets guidance for FY27

GoDigit General's Q1 profit drops 38% as expenses outpace premium growth

The insurer reported higher expenses, a wider underwriting loss and a rise in claims ratio during the April-June quarter, even as its solvency ratio improved

Corporate FDs offer higher interest rates, but come with their own risks

If you are the kind of investor who likes to be safe and invests primarily in bank fixed deposits, but also wants to boost returns by 1-2 percentage points, consider investing in a corporate FD

Real estate stakeholders expect challenging conditions to persist: Report

Knight Frank-Naredco's Q2 2026 sentiment index remained neutral for the next six months, signalling stabilising confidence despite geopolitical tensions and inflationary pressures

Gurugram now 100 mn square foot office market, largest in north India: CBRE

Gurugram added 21 million sq ft of office space and recorded 40 million sq ft of leasing since 2021, while CBRE expects total stock to reach up to 125 million sq ft by 2030

Carnelian Asset Management gets MF licence; Nippon Life Q1 profit jumps 27%

Carnelian received Sebi's mutual fund licence, while Nippon Life India Asset Management reported a 27% rise in Q1 profit on strong AUM growth and higher revenue

RBI net sells $6 billion in spot forex market in May amid volatility

The central bank remained a net seller of dollars in May to curb rupee volatility amid higher crude oil prices, though interventions eased from April levels

Govt not considering fresh restructuring plan for MTNL, says Scindia

The Centre says earlier financial and administrative measures have helped MTNL remain Ebitda-positive since FY21, despite mounting liabilities and declining income

CSB Bank Q1 results: Profit rises 27% to Rs 150 crore on higher NII

The private lender's June-quarter earnings were supported by higher net interest income and lower provisions, while advances and deposits recorded healthy growth

Smartworks turns profitable in Q1 FY27 as revenue jumps 44%

The managed office space provider reported a net profit of ₹13.14 crore in the June quarter against a year-ago loss, while revenue increased 44% on strong business growth

ABSL AMC Q1 profit rises 12%; IIM-M launches MBA in wealth management

The profit was largely supported by a 38 per cent jump in other income at ₹162 crore. The revenue from operation was up about 3.5 per cent at ₹463 crore

Sunteck Realty posts 26% rise in Q1 FY27 profit as EBITDA margin improves

Mumbai-based realty firm reports higher profit and stronger EBITDA margin in Q1 FY27, while pre-sales rise 20 per cent year-on-year despite a sequential decline in revenue