Buisiness

Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of ONGC and a Schedule ‘A’ Mini Ratna Category-I company, on Saturday reported a consolidated net loss of Rs 272 crore for the first quarter of FY26, reversing from a Rs 66 crore profit in the same period last year.The company’s board approved the Q1 results during…

The European Union unveiled its 18th package of sanctions against Russia, aiming to further squeeze Moscow’s oil revenues and financial networks over its ongoing war in Ukraine. Approved on Friday, the new measures include a series of toughened restrictions focused largely on the energy sector, shipping, and financial dealings.Here’s a what the latest sanctions include:…

Yes Bank on Saturday reported a 59% year-on-year rise in net profit to Rs 801 crore for the June quarter of FY26, buoyed by strong gains from treasury operations and a sharp uptick in non-core income.The private sector lender said its other income surged 46% to Rs 1,752 crore, while treasury income swung to a…

India’s global leadership in food safety and standard-setting received a boost at the 88th Executive Committee meeting of the Codex Alimentarius Commission (CCEXEC88), with its millet grain standards earning praise at the high-level gathering held in Rome from July 14 to 18.According to an official statement, the international forum acknowledged India’s efforts in spearheading the…

AU Small Finance Bank on Saturday reported a 16% year-on-year increase in its net profit to Rs 581 crore for the first quarter of FY26, up from Rs 503 crore in the same period last year. The Jaipur-headquartered lender posted growth in both income and profitability, though asset quality weakened during the quarter.Total income for…

HDFC Bank on Saturday declared its first-ever bonus issue, approving a 1:1 allotment ratio under which shareholders will receive one fully paid-up equity share of face value Rs 1 for every one equity share held. This marks a historic first for India’s largest private sector lender since its inception.The bank’s board has fixed Wednesday, August…

The government officially notified hallmarking standards for 9 karat gold, in a move aimed at reviving consumer interest in gold jewellery amid record-high prices. Until now, the Bureau of Indian Standards (BIS) had permitted hallmarking only for gold in 24, 23, 22, 20, 18, and 14 karats.The ministry of consumer affairs issued the notification on…

RBL Bank reported a 46% year-on-year fall in net profit to Rs 200 crore for the June 2025 quarter, as lower core income and narrowing interest margins weighed on its bottom line. The private sector lender had posted a net profit of Rs 372 crore in the same quarter last year and Rs 69 crore…

Union Bank of India on Saturday reported a 12% rise in net profit to Rs 4,116 crore for the April–June quarter of FY26, compared with Rs 3,679 crore in the same period last year.Total income increased to Rs 31,791 crore in Q1 FY26 from Rs 30,874 crore a year ago. Interest income rose to Rs…

Niti Aayog has recommended a major policy shift in the country’s global investment landscape, proposing that Chinese entities be allowed to acquire up to a 24% stake in Indian companies without the need for additional security clearance.The move could potentially ease the investment process for firms from the neighbouring country, which currently face lengthy delays…