Business

New Delhi: CSB Bank on Wednesday reported a marginal 5 per cent rise in June quarter net profit to Rs 119 crore. The private sector bank had posted a profit of Rs 113 crore in the same quarter a year ago. Total income rose to Rs 1,286 crore from Rs 1,004 crore a year ago. Interest income rose to Rs 1,041 crore from Rs 832 crore, CSB Bank said in a regulatory filing. However, the bank's asset quality deteriorated as gross non-performing assets (NPAs) rose to 1.84 percent of gross advances as of June 30, 2025, from 1.69 percent a year ago. Net NPAs remained stable at 0.66 per cent. As a result, provisions and contingencies increased to Rs 61 crore from Rs 20 crore set for the same quarter a year ago. The bank's capital adequacy ratio declined to 21.71 percent as on June 30...

New Delhi, Silver prices rose by Rs 423 to Rs 1,13,719 per kg in futures trade on Tuesday as participants increased their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery rose by Rs 423, or 0.37 percent, to Rs 1,13,719 per kg in a business turnover of 15,593 lots. Analysts said fresh deals by participants led to the rise in silver prices. However, silver was trading 0.83 percent higher at $37.92 per ounce in New York.

New Delhi, Realty company Groovy India Limited reported a net profit of Rs 1.1 crore in the first quarter of the current financial year. The Delhi-based company, listed on the stock exchanges, had a net loss of Rs 25 lakh in the same quarter last year. Groovy said in a statement on Monday that total revenue in the April-June quarter of this financial year increased to Rs 8.3 crore from Rs 1.3 crore in the same period last year. Founded in 1985, Groovy India is a real estate development and consulting company. It has completed more than 100 projects (independent floors) mainly in South Delhi. The company is developing luxury apartments of more than 1 lakh sq ft in South Delhi.

New Delhi, Silver prices rose by Rs 680 to Rs 1,14,966 per kg in futures trade on Friday as participants increased their deals. At the Multi Commodity Exchange, the price of silver contract for September delivery rose by Rs 680, or 0.59 percent, to Rs 1,14,966 per kg in a business turnover of 15,933 lots. Analysts said buying of new deals by participants led to the rise in silver prices. However, silver was trading 0.16 per cent lower at $38.32 per ounce in New York.

Shares of state-owned Bharat Heavy Electricals Ltd (BHEL) on Thursday, August 7, fell nearly 7% as the company's June quarter net loss widened due to higher expenses. BHEL on Wednesday reported that its consolidated net loss widened to ₹455.50 crore in the June quarter of FY2025-26 from a net loss of ₹211.40 crore in Q1 FY2025. Total expenses rose to ₹6,279.78 crore in the quarter from ₹5,874.98 crore in the same period a year ago. However, total income rose marginally to ₹5,658.07 crore from ₹5,581.78 crore in the same quarter a year ago. Following the earnings, BHEL shares hit a low of ₹223.79 per share on Thursday. At the time of writing, the stock was trading 6.53% lower at ₹224.17 per share. The public sector company's total order inflow during the quarter stood at ₹13...

New Delhi, Zinc prices on Wednesday rose by 15 paise to Rs 265.20 per kg in futures trade amid strong spot demand. At the Multi Commodity Exchange, the price of zinc contract for August delivery rose by 15 paise, or 0.06 percent, to Rs 265.20 per kg in a business turnover of 3,118 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a rise in demand from consumer industries, market sources said.