Business

India's leading fast-moving consumer goods (FMCG) company, ITC Ltd on Friday, August 1, reported a steady standalone net profit of ₹4,912 crore for the April-June quarter as against ₹4,917 crore in the same period last year. However, the company's operating revenue during the quarter under review grew 20% y-o-y to ₹21,059 crore as against ₹17,593 crore in the same period a year ago. This strong growth in revenue was led by cigarettes, agribusiness and FMCG. ITC reported stable operating performance as its earnings before interest, tax, depreciation and amortization (EBITDA) grew 3% to ₹6,261 crore in Q1 FY26 from ₹6,086 crore in the same quarter last fiscal. In Q1 FY26, EBITDA margin declined to 30% from 34.5% in the same quarter last fiscal. ITC said it delivered strong perfo...

New Delhi, Maruti Suzuki India on Friday reported that total sales in July rose 3 percent year-on-year to 1,80,526 units, led by exports. The leading automaker had sold a total of 1,75,041 vehicles in the same month last year. Total domestic passenger vehicles dispatched to dealers grew marginally as compared to 1,37,463 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars such as Alto and S-Presso declined to 6,822 units from 9,960 units in July 2024. Sales of compact cars including Baleno, Dzire, Ignis and Swift rose to 65,667 units from 58,682 units a year ago. Sales of utility vehicles such as Grand Vitara, Brezza, Ertiga and XL6 stood at 52,773 units last month as against 56,302 units in July last year. Sales o...

New Delhi, Guar gum prices rose by Rs 84 to Rs 9,691 per quintal in futures trade on Thursday as speculators increased their deal size amid strong spot demand. At the National Commodity and Derivatives Exchange, the price of guar gum contract for August delivery rose by Rs 84, or 0.87 per cent, to Rs 9,691 per quintal in a business turnover of 29,185 lots. Analysts said that in view of the strong spot market trend, traders increased their deal size, leading to a rise in guar gum prices.

New Delhi, Shares of Punjab National Bank (PNB) fell over 1 per cent on Wednesday after the bank reported a 48 percent drop in its standalone net profit for the June quarter. The stock closed 1.10 percent lower at Rs 108.10 per share on the BSE. During the day's trade, it fell 1.60 per cent to Rs 107.55 per share. On the NSE, the company's shares fell 1.07 percent to Rs 108.11 per share. Punjab National Bank on Wednesday reported that its standalone net profit for the quarter ended June 30, 2025 fell 48 percent to Rs 1,675 crore due to increased tax expenses. The state-owned bank had reported a net profit of Rs 3,252 crore in the same period a year ago. PNB said in a regulatory filing that its total income rose to Rs 37,232 crore from Rs 32,166 crore in the quarter under re...

New Delhi: Aluminium prices fell by Rs 1.30 to Rs 252.90 per kg in futures trade on Tuesday as traders offloaded their positions following a weak trend in the spot market. Aluminium contracts for August delivery fell by Rs 1.30, or 0.51 percent, to Rs 252.90 per kg on the Multi Commodity Exchange in a business turnover of 4,692 lots. Analysts said the fall in aluminium prices was mainly due to traders offloading their positions on account of weak demand from consuming industries.

New Delhi, Crude oil prices rose by Rs 22 to Rs 5,670 per barrel in futures trade on Monday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 22 or 0.39 percent to Rs 5,670 per barrel in a business of 11,085 lots. Analysts said crude oil prices rose in futures trade as participants increased their deals. Globally, West Texas Intermediate crude was trading 0.54 percent higher at $65.51 per barrel in New York, while Brent crude rose 0.57 per cent to $68.83 per barrel.

The country's leading private sector lender, Kotak Mahindra Bank on Saturday, July 26, reported a net profit of ₹3,282 crore in the first quarter of the current financial year, down 8% from ₹3,552 crore in the previous quarter. On a yearly basis, the profit figures are not comparable as the bank had made an exceptional profit of ₹3,520 crore last year by selling its 70% stake in Kotak Mahindra General Insurance to Zurich Insurance Company Limited. The bank's provision in the first quarter more than doubled to ₹1,208 crore from ₹578 crore in the same quarter last year. The bank's net interest income, i.e. the difference between interest earned on loans and spent on deposits, rose 6% to ₹7,259 crore from ₹6,842 crore in the same period last year. The bank's asset quality saw a m...