India’s top banks have collected billions of rupees in penalty charges from customers for failing to maintain the minimum average balance in their savings accounts. Discover the top banks and their penalty collections.
HUL’s Q1 results disappoint with a 3% dip in PAT to Rs 2,673 crore, driven by cost pressure. The home care business delivered 14% underlying sales growth, but margins contracted due to increased expenses.
Coca-Cola’s value market share in India’s non-alcoholic ready-to-drink (NARTD) beverages segment declined due to investment timing, affordability initiatives, and geographical mix. The company introduced low-priced variants to compete with Reliance’s Campa Cola, but the move may have impacted its value market share. Varun Beverages reported strong revenue growth, but missed the Bloomberg consensus estimate for net profit.
The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited (PPBL) effective from April 24, 2026, amidst concerns over its financial stability. The RBI’s decision has sent shockwaves across the financial markets, raising questions over Paytm’s future banking services.
Indian markets remain resilient in the face of global turmoil, with IT stocks surging on the back of strong earnings. Despite concerns about Chinese semiconductor competition, Indian IT services and Asian chip manufacturing proved to be a bright spot, with Coforge leading the charge.
Motilal Oswal Private Wealth’s latest Alpha Strategist report suggests a 50% allocation to small and midcaps, citing a more flexible and actively managed approach to portfolio construction.
The Indian equities market witnessed a sharp rebound on Monday, driven by lower crude prices, a firmer rupee, and easing volatility. The decline in crude prices is seen as a positive for India, helping ease inflation concerns and reducing pressure on the current account and the rupee.
Tata Sons reported a 22% increase in FY26 profit, driven by investment gains and stronger earnings from its portfolio companies. Chairman N Chandrasekaran defended continued investments in loss-making businesses like Air India and Tata Digital as long-term strategic bets.
The Indian stock market witnessed a significant surge on Monday, with the S&P BSE SENSEX ending 776 points higher at 76,836 and the Nifty 50 gaining over 228 points to 23,996. A pause in strikes in West Asia eased concerns over rising import costs and inflation, triggering a relief rally in markets.
The Employees’ Provident Fund Organisation (EPFO) has delayed the rollout of its Unified Payments Interface (UPI)-linked claim settlement facility due to technical issues with its upgraded digital platform. The facility is expected to be introduced in August, providing several benefits to EPF members.
