Page 53 - Bs Reporter

Sri Lotus Developers raises ₹237 crore from anchor investors for IPO

Sri Lotus Developers raises ₹237 crore from anchor investors ahead of its IPO, which opens for subscription on July 30, 2025. The price band is set at ₹140-₹150 per share

NSE Q1FY26 results: Consolidated net profit jumps 14% to ₹ 2,924 crore

Despite a dip in revenue from operations, NSE's net profit rises by 14% to Rs 2,924 crore; retail shareholders grow ahead of expected IPO launch

Star Health's Q1 FY26 results: Net profit down 17.7% to ₹262.5 crore

Star Health & Allied Insurance reports a 17.7% YoY decline in Q1 FY26 profit, but a 44% rise in profit as per IFRS. Gross Written Premium (GWP) grows by 13% YoY, with a 25% increase in retail premiums

Kotak Mahindra Bank consolidated adj net profit up 1% at ₹4,472 crore in Q1

Reported profit down 40% as last year's profit of ₹7,448 cr was boosted by a ₹3,013 cr gain from sale of stake in insurance arm

RIL holds 88th position in Fortune Global 500, maintains top spot in India

Reliance Industries Ltd. (RIL) ranks 88th in the Fortune Global 500 list for 2025, maintaining its position as India's highest-ranked company despite a slight dip from last year's position

Johnson Lifts to invest ₹300 cr in R&D, expects 12% residential growth

Johnson Lifts eyes rising home lift demand, plans Rs 300 crore R&D spend and introduces Eazy Ride Plus to tap into India's growing retrofit and premium lift market

Nippon AMC Q1 profit up 19%; BoI Mutual Fund launches midcap fund

Zerodha Fund House on Monday announced the launch of Zerodha Multi Asset Passive Fund of Fund

Go Digit Q1FY26 results: Profit up 37% at ₹138 crore on premium growth

Go Digit General Insurance reported Q1FY26 net profit of Rs 138 crore, up 37% year-on-year, with improved investment income and steady gross and net premium growth

L&T Technology Services bags $60 mn multi-year agreement from a US client

L&T Technology Services (LTTS) has secured a $60 million multi-year agreement with a US-based telecommunications provider, marking its fourth $50 million-plus deal in the last year

Lenskart gets shareholder approval for $250 million IPO fundraise

"The company got approval for the $250 million IPO fundraise. The offer for sale (OFS) would be decided later," said a person familiar with the matter

TMB's net profit up 6% in Q1, driven by strong lending and deposit growth

Tamilnad Mercantile Bank's net profit hits a record Rs 304.9 crore in Q1FY26, driven by strong growth in core lending and deposit businesses

Bajaj Finserv Q1 results: Consolidated net profit rises 30% to Rs 2,789 cr

The company's profit rises to Rs 2,789 crore, driven by growth in interest income and insurance premiums

Shriram Finance Q1FY26 results: Net profit rises 6% to ₹2,159 crore

The company's total income rises by 20%, driven by growth in key segments such as commercial vehicles

Following repo cut, PSBs reduce rates more than private counterparts

The Reserve Bank of India has already cut its key repo rate by 100 basis points in an effort to jumpstart growth in the economy

Indian Bank Q1FY26 results: Consolidated profit down 11.4% at ₹ 2,276.37 cr

The bank's total income for the period under review grew by 10 per cent to Rs 18,905.60 crore, up from Rs 17,117.76 crore in Q1 FY25

Double contribution convention to help Indian workers and firms in UK: Govt

India and the UK agree on a Double Contribution Convention that will benefit Indian workers and firms in the UK by exempting social security contributions for up to three years

Bajaj Finance Q1FY26 results: Net profit rises 22% to ₹4,765 crore

Bajaj Finance reports a 22% rise in Q1 net profit to Rs 4,765 crore for the quarter ended June 2025, driven by growth in interest income and assets under management

Indian Bank Q1FY26 results: Consolidated profit down 11.4% at ₹ 2,276.37 cr

Indian Bank's consolidated net profit dips 11.4% in Q1 FY26, while standalone net profit rises 24%, with improvements in asset quality and advances

Net ECB inflows rise to $4.4 billion in April-May 2025, shows RBI data

External Commercial Borrowing inflows surge to $4.4 billion in April-May 2025, driven by capital expenditure, despite a slowdown in new ECB registrations

Union Bank of India waives charges for non-maintenance of minimum balance

Union Bank of India waives charges for non-maintenance of minimum balance in general savings accounts, effective from September quarter-end, to support inclusivity