BS Reporter
BS Reporter
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HDFC Bank Q3 results: Net profit rises 2% to Rs 16,736 cr, NII up 7.7%
Net interest margin was 3.43 per cent for the third quarter of the financial year, flat as compared to the same period last year but lower than 3.5 per cent of Q2
 "HDFC Bank Q3 results: Net profit rises 2% to Rs 16,736 cr, NII up 7.7%")
Union Budget 2025-26: Here are the key challenges in health care sector
Low health care expenditure at about 2.1 per cent of GDP for FY23, compared to both developing and developed nations
 "Union Budget 2025-26: Here are the key challenges in health care sector")
Aditya Birla Fashion and Retail completes fundraise of Rs 1,860 cr via QIP
The company added that the successful fundraise reflects investor confidence in the high-growth potential of India's fashion industry and its position as a leading player in the market
 "Aditya Birla Fashion and Retail completes fundraise of Rs 1,860 cr via QIP")
Ceat Chennai unit enters elite league of WEF's Lighthouse Network
At the Chennai unit, the deployment of advanced analytics and real-time monitoring systems has resulted in a reduction of cycle times by 18% and operational costs by 31%
 "Ceat Chennai unit enters elite league of WEF's Lighthouse Network")
South Indian Bank posts highest-ever quarterly profit of Rs 342 crore in Q3
The bank's operating profit in Q3FY25 was up by 9.4 per cent at Rs 528.84 crore, as against Rs 341.87 crore in the third quarter of the previous financial year
 "South Indian Bank posts highest-ever quarterly profit of Rs 342 crore in Q3")
IT major HCLTech expands its global delivery footprint in Hyderabad
Located in the Hi-Tech City, the 320,000 sq ft facility will house 5,000 people and has received Gold Certification from the Indian Green Building Council
 "IT major HCLTech expands its global delivery footprint in Hyderabad")
Glenmark Pharma's US arm launches drug to treat blood clotting issues
According to IQVIA data for the 12-month period ending November 2024, the Vitamin K1 injectable emulsion USP, 10 mg/mL market achieved annual sales of approximately $19.7 million in the US
 "Glenmark Pharma's US arm launches drug to treat blood clotting issues")
Jio Financial Services, BlackRock joint venture sets up broking unit
The JV's wholly owned subsidiary will be called Jio BlackRock Broking, which will undertake "the business of broking subject to regulatory approvals"
 "Jio Financial Services, BlackRock joint venture sets up broking unit")
Sebi approves 6 IPOs; Kalyan Jewellers shares jump; Laxmi Dental gains 30%
Carlyle-backed Hexaware Technologies plans to raise Rs 9,950 crore through a pure offer for sale (OFS), with shares being sold by CA Magnum Holdings
 "Sebi approves 6 IPOs; Kalyan Jewellers shares jump; Laxmi Dental gains 30%")
CCI reviewing feedback on amendments to penalty recovery regulations
"The proposed amendments aim to strengthen the regulatory framework governing the recovery of monetary penalties, enhancing procedural clarity and efficiency," said CCI chairperson Ravneet Kaur
 "CCI reviewing feedback on amendments to penalty recovery regulations")
L&T Finance Q3 result: PAT down 2% to Rs 626 cr on rise in impairment costs
Its Net Interest Margin + Fees & Other Income stood at 10.33 per cent for Q3Fy25 down from 10.93 per cent in Q3Fy24, according to Analysts presentation
 "L&T Finance Q3 result: PAT down 2% to Rs 626 cr on rise in impairment costs")
Sebi considers expanding SSE to attract more non-profit organisations
Social Stock Exchange (SSE) was launched in 2023 to enable NPOs to raise funds from the public
 "Sebi considers expanding SSE to attract more non-profit organisations")
Indian Overseas Bank Q3 results: Net profit rises 21% to Rs 874 crore
The Chennai-based bank posted a total income of Rs 8,409 crore during the quarter under review versus Rs 7,437 crore in the same period last year
 "Indian Overseas Bank Q3 results: Net profit rises 21% to Rs 874 crore")
Karur Vysya Bank Q3 results: Net profit grows 20.39% to Rs 496 crore
The bank's net interest income (NII) increased by 7.79 per cent to Rs 1,079 crore compared to Rs 1,001 crore in the same period last year
 "Karur Vysya Bank Q3 results: Net profit grows 20.39% to Rs 496 crore")
Union Budget 2025-26: Here are the key challenges in the telecom sector
Digital ecosystem growth is facing the increasing risk of cyberattacks on consumers and enterprises alike
 "Union Budget 2025-26: Here are the key challenges in the telecom sector")
RBI Guv's crafted statements boosted confidence during adverse times
The study highlighted that effective communication goes beyond being clear, understandable, and engaging
 "RBI Guv's crafted statements boosted confidence during adverse times")
SBI MF floats Nifty Bank Index Fund; Union MF launches short-duration fund
Union Mutual Fund (MF) on Friday announced the launch of a short duration fund, a debt MF offering which will invest in short-term debt instruments
 "SBI MF floats Nifty Bank Index Fund; Union MF launches short-duration fund")
Coal India eyes 4-5% FY25 growth, CMD optimistic on key coalfield targets
During April to December 2024, CIL recorded a production of 543.4 mt, a growth of 2.2 per cent over the same period last year
 "Coal India eyes 4-5% FY25 growth, CMD optimistic on key coalfield targets")
India's forex reserves fall $8.7 billion to $626 billion, hit 10-month low
Foreign currency assets fell by $9.5 billion, while the value of gold reserves went up by $792 million
 "India's forex reserves fall $8.7 billion to $626 billion, hit 10-month low")
Indian companies raised Rs 3.64 trn through ECB route in 2024
It is the is the highest amount raised in the last five years through that route
 "Indian companies raised Rs 3.64 trn through ECB route in 2024")