Business

MUMBAI: Bank of Baroda reported a muted 1.9% rise in net profit for the June quarter, as dip in net interest income and higher provisions offset gains from strong growth in deposits and advances. Net profit stood at Rs 4,541.4 crore in Q1 FY26, up from Rs 4,458.2 crore a year earlier. Source link

MUMBAI: SBI Cards reported a 6.4% decline in net profit to Rs. 556 crore for the June quarter, compared with Rs. 594 crore a year earlier, as higher impairment losses and bad debts offset revenue growth. The provisions rose 22.8% YoY to Rs. 1,352 crore. Source link

Wall Street edged higher on Friday, with the S&P 500 and Nasdaq Composite hovering near all-time highs, as investors braced for a packed week of corporate earnings, macroeconomic data and high-stakes trade deadlines.The S&P 500 rose 0.1% in early trade after closing at a record 6,363.35 in the previous session, marking its fourth weekly gain…

BENGALURU: Bengaluru-based Yali Capital has closed its debut deep tech-focused fund at Rs 893 crore (about $104 million), exceeding its original Rs 500 crore target and Rs 310 crore greenshoe option. The Sebi-registered Category II AIF plans to deploy the fund across early-stage and late-stage investments in sectors such as semiconductors, AI, robotics, aerospace and…

Etihad Airways on Friday announced the delivery of its first Airbus A321LR aircraft from a total order of 30 jets, marking a significant step in the airline’s expansion strategy. The aircraft will enter commercial service on August 1, 2025, with its inaugural route connecting Abu Dhabi to Phuket.Following its debut, the A321LR will gradually be…

NSDL IPO: For its upcoming Initial Public Offering (IPO), the National Securities Depository Limited (NSDL) has set a price band of Rs 760–800 per share. The precise band has taken investors by surprise since its at around a 22% discount from its last traded value in the unlisted market. Earlier this month, the stock was…

BENGALURU: Swiggy has appointed Faraz Khalid, CEO of MidEast ecommerce major noon, as an independent director to its board, while long-time investor nominees from Accel and SoftBank have exited their roles, marking a broader shift toward independent governance after the company’s 2024 IPO.Khalid’s appointment brings global ecommerce and quick-commerce expertise to Swiggy at a time…

The rupee declined 12 paise to settle at 86.52 against the US dollar on Friday, dragged down by weak domestic equities, rising global crude oil prices, and sustained foreign fund outflows. The sharp slide in equity benchmarks and a stronger dollar overseas also pressured the local unit, forex traders said.At the interbank foreign exchange, the…