Net interest income grows 12.7 per cent, provisions fall 31 per cent and gross NPAs improve as advances rise nearly 20 per cent year-on-year
Delhi has allowed eateries to remain open till 4 am this weekend for the FIFA World Cup 2026 final, while Bengaluru has extended food service hours and West Bengal has organised live screenings
Net interest income increased 6.7 per cent YoY to ₹33,535 crore in Q1FY27 from ₹31,438 crore a year earlier
Punjab National Bank (PNB) on Saturday reported an over three-fold jump in standalone net profit at Rs 5,253 crore for the quarter ended June 30, 2026. The state-owned bank had posted a net profit of Rs 1,675 crore in the year-ago period. Total income in the quarter under review remained static at Rs 37,231 crore, PNB said in a regulatory filing. However, the lender's interest income increased marginally to Rs 32,897 crore, from Rs 31,964 crore in the same quarter a year ago. During the period, the bank's operating profit rose to Rs 7,519 crore, as compared to Rs 7,081 crore in the same quarter a year ago. The bank's asset quality improved as gross non-performing assets (NPAs) declined to 2.78 per cent of gross advances at the end of the June quarter, from 3.78 per cent a year ago. Gross Non-Performing Assets (GNPA) in absolute terms declined by Rs 7,292 crore to Rs 35,381 crore from Rs 42,673 crore, while Net Non-Performing Assets (NNPA) eased by Rs 699 crore to Rs 3,433 crore
The move marks India's first formal procurement step towards polymer banknotes, though the Reserve Bank of India has not announced denominations or a timeline for their introduction
Filmmaker Christopher Nolan's "The Odyssey" has earned over Rs 20 crore at the box office in India on the first day of release. Featuring Tom Holland as Telemachus, Zendaya as Athena, Matt Damon as Odysseus, Robert Pattinson as Antinous, Lupita Nyong'o as Helen of Troy and Clytemnestra, Anne Hathaway as Penelope and Charlize Theron as Calypso, among others, the film released globally on Friday. According to the trade tracking website Sacnilk, the film has earned Rs 17.40 crore nett at the domestic box office. The gross collection of the film stands at Rs 20.76 crore at the domestic box office. "The Odyssey" revolves around the Greek King Odysseus (Damon) on a perilous 10-year journey home after the Trojan War. Beset by vengeful gods, sea monsters, and enchantresses, he fights to reunite with his wife, Penelope (Hathaway), and son, Telemachus (Holland). The film has been shot with 70mm IMAX film cameras. It is produced under Syncopy Inc and distributed by Universal Pictures Actors
Axis Bank reported better-than-expected June quarter earnings as higher net interest income and lower provisions lifted profit, while loan growth remained supported by improving credit demand
India's first private orbital-class rocket, Vikram-1, carrying multiple technology demonstration payloads and a postcard from Prime Minister Narendra Modi, lifted off from this spaceport on Saturday. Named "Mission Aagaman" (arrival), the test flight's launch marks a historic milestone for the country's commercial space sector, executed by Hyderabad-based Skyroot Aerospace. On a cloudy day, the seven-storey-tall, four-stage Vikram-1 rocket lifted off at 12.05 pm on Saturday from the first launch pad at the Satish Dhawan Space Centre, here. Following a "planned hold," due to apparent navigation issues, the launch was revised 35 minutes late than the original prefixed time of 11.30 am. After its initial journey of a little short of 16 minutes, Vikram-1 is expected to place the payloads, both domestic and foreign, into a Low Earth Orbit (LEO) at an altitude of 450 km with an inclination of 60 degrees. Vikram-1, named after the legendary Vikram Sarabhai who is often regarded as the Fat
Skyroot Aerospace's maiden orbital mission marks a watershed moment for India's private space industry, showing the impact of policy reforms as India looks to emerge as a global commercial space hub
Activist Sonam Wangchuk, who has been on a hunger strike at Jantar Mantar, was shifted to a hospital on Saturday after his health deteriorated on day 21 of his fast, Delhi Police said. "As per orders of Hon'ble High Court and on expert medical advise due to the deteriorating health condition of Sh. Sonam Wangchuk, he has been shifted to the hospital for essential medical care. While complying with the orders of Hon'ble High Court the protestors tried to create obstruction, in which slight commotion ensued, however police took maximum restrain and undertook the exercise safely," the police said in a statement. The police also appealed to the protesters to end their agitation, saying, "We request the protestors at Jantar Mantar to peacefully vacate the place at the earliest.
Will research to find ways to reduce costs for hydrogen trains, says Modi
Reliance Retail's profit declined in the first quarter despite higher revenue, while Reliance Consumer Products more than doubled revenue, driven by strong demand for FMCG brands
Upcoming IPO an important milestone in Jio's journey: Mukesh Ambani
"We have to watch out for monsoon… how it progress because a significant population depends on agriculture," he said
A new incentive scheme for smartphone manufacturing may help India get a bigger global market share, but there are barriers to cross
Consolidated EBITDA rose 9.9 per cent to ₹51,403 crore, led by O2C and digital services, while other income fell after a year-ago investment-sale gain
Sebi noted that perpetrators are increasingly deploying advanced techniques such as deepfake voice cloning and AI-generated video calls to impersonate company heads
As fans embrace jerseys beyond stadiums, brands are targeting a growing middle market between premium official merchandise and dirt-cheap knock-offs
The 30-share BSE Sensex jumped 803 points or 1.04 per cent to make an intraday high of 77,989.44. The 50-share NSE Nifty made a high of 24,288.90, up 216 points or 0.90 per cent.
Gifty Nifty indicated a flat start as Brent crude remained elevated at around $85.34 per barrel. In the global market Dow Jones and the S&P 500 ended 0.20 per cent and 0.51 per cent lower.
Moonshot AI says its 2.8 trillion-parameter Kimi K3 matches or outperforms leading proprietary models in several coding and software engineering benchmarks, highlighting the rise of open-weight AI
Check Point Research warns that AI-generated faces, voices and identity documents are making remote identity verification less reliable, forcing banks to rethink digital trust and KYC security
Learning from its first phase, the mission must now move beyond intent to honest execution
However, despite recovery from lows, the Nifty IT index underperformed the market by falling 22 per cent, as against a 7.2 per cent decline in the Nifty 50 thus far in CY2026.
Prime Minister Narendra Modi on Friday flagged off India's first hydrogen-powered train connecting Jind to Sonipat in Haryana from the railway station here. With this, India has joined a select group of countries that have operational hydrogen-powered trains and marks an important step towards the adoption of clean and sustainable mobility in the railway sector. The 89-km distance between Jind and Sonipat will be covered in two hours, with the train halting at 12 intermediate stations. Railway Minister Ashwini Vaishnaw, Haryana Governor Ashim Kumar Ghosh and Chief Minister Nayab Singh Saini were among those present at the Jind railway station for the flagging off ceremony. The prime minister waved as the train, which also had many school children onboard, chugged off from the Jind railway station. Designed, engineered and integrated in India, the train has been developed using indigenous technology, reflecting the country's growing capabilities in advanced railway engineering. Th
Brokerages said that TechM's Q1 revenue and margins exceeded estimates, and strong deal TCV provides strong revenue visibility.
Vikram-1 launch: Mission Aagaman will test India's first privately developed orbital rocket and could open the door to a new era of commercial satellite launches by Indian private companies
Health authorities said infections are spread across multiple districts with no evidence of localised transmission, while five samples have been sent to NIV Pune for genome sequencing
Jio Financial share price remains 16.44 per cent lower for the year so far - set for its worst annual performance since listing in 2023, shows data.
Rakesh Mohan, a member of the Prime Minister's Economic Advisory Council, said India should attract greater Chinese investment and strengthen trade ties to create jobs and boost exports
Analysts at ICICI Securities have a 'Buy' rating on BHEL stock with a fair value of ₹575 as they expect revenue and PAT to grow at a CAGR of 30.5 per cent and 90 per cent over FY26-FY28E.
The rule is scheduled for publication on July 17, 2026 and is expected to take effect 60 days after publication, subject to congressional review requirements.
Wipro's net profit in the first quarter rose less than a per cent to ₹3,325 crore, compared to a year earlier even as revenue rose 10.6 per cent to ₹24,480 crore.
Trump cited newly declassified intelligence reports to allege vulnerabilities in US election infrastructure, renewing claims about election fraud and calling for sweeping voting reforms
What is the US public charge rule? New immigration policy explained
President Donald Trump accused China of interfering in the 2020 US election and stealing voter data, reviving claims that US intelligence agencies have previously debunked
SBI Funds Management IPO allotment status is expected today (Friday, July 17). Investors can check their allotment on the registrar Kfin Technologies' website, as well as on the BSE and NSE websites.
Tata Electronics is preparing to manufacture India's first large-scale semiconductor wafers using 90nm process technology at its Dholera plant, marking a shift from its earlier 28nm plans
Maharashtra had the highest representation among the top 138 rank holders, while 1.121 million candidates qualified for medical admissions
India's semiconductor mission shifts focus as government plans to exclude technology transfer and land incentives under ISM 2.0
The Centre and states plan to replace $189 billion of imports by boosting domestic production of 1,272 products through targeted manufacturing and industrial clusters
Trend leads to more women being employed on vehicle assembly lines
India has secured higher steel export quotas under the UK's safeguard regime through CETA, expanding duty-free access and strengthening its position in the UK market
GST's tax relabelling has blurred revenue trends, altered Centre-state fund sharing and raised fresh questions about transparency and fiscal federalism
Iran has asked Yemen's Houthis to prepare to close the Bab el-Mandeb Strait if the US attacks its power infrastructure, threatening another major global oil route
Brokerages expect Reliance Industries to deliver healthy performance in the June quarter of FY2027, with strength across O2C, Retail and Jio.
ICICI Bank is slated to post its June quarter earnings this Saturday, along with several other leading private banking names like HDFC Bank and Axis Bank.
HDFC Bank Q1 result preview: Q1 could be a mixed quarter for the lender, with analysts expecting flat NIMs. Asset quality is likely to remain steady, while loan growth may stay in double digits
Axis Bank's results will likely focus on earnings momentum amid pressure on net interest margins. Analysts expect the bank to continue reporting healthy loan growth, supported by corporate lending.