Tuesday, May 26

Business

Medanta sounds alarm on rising child respiratory illnesses
Business

Medanta sounds alarm on rising child respiratory illnesses

Medanta Hospital—India’s top-ranked private hospital by Newsweek—conducted a Continuing Medical Education (CME) event in Guwahati, focusing on paediatric critical care and the alarming rise in respiratory illnesses among children. The program, held in collaboration with the Indian Academy of Pediatrics (IAP) Guwahati City Branch and IAP Intensive Care Chapter, Assam, aimed to equip regional doctors with updated treatment strategies. Led by renowned experts Dr Praveen Khilnani and Dr Rajiv Uttam of Medanta, Gurugram, the session emphasized the ABCDE approach to emergency care and addressed a worrying increase in cases involving RSV, influenza, and mycoplasma pneumonia, particularly in children under five. The doctors called for stronger vaccination and nutritional support to safeguard c...
Crude oil prices gain on spot demand
Business, News

Crude oil prices gain on spot demand

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.
Kotak Mahindra Bank Q1 results: Net profit at ₹3,282 crore; Net profit (NII) gain 6% YoY
Business, News

Kotak Mahindra Bank Q1 results: Net profit at ₹3,282 crore; Net profit (NII) gain 6% YoY

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...
A Plus Charge and Ather Energy join forces to electrify Northeast India’s EV landscape
Business

A Plus Charge and Ather Energy join forces to electrify Northeast India’s EV landscape

A Plus Charge has announced a strategic partnership with electric two-wheeler major Ather Energy. The collaboration will focus on deploying advanced fast-charging infrastructure across major urban centres and transit corridors, aiming to meet the rising demand for EV adoption in the region. The chargers, powered by A Plus Charge, will support all Light Electric Combined Charging System (LECCS)-compatible Light Electric Vehicles (LEVs). The rollout will begin with Guwahati, Dibrugarh, Shillong, and Siliguri, and later expand to Jorhat, Dimapur, Agartala, and other high-growth potential cities. The growing demand for sustainable transport among last-mile operators, delivery services, and urban commuters has made it a strategic location for EV infrastructure investment. Analysts expect...
Bajaj Finserv Q1 results: Net profit gain 30%, revenue at ₹35,439 crore
Business, News

Bajaj Finserv Q1 results: Net profit gain 30%, revenue at ₹35,439 crore

NBFC company Bajaj Finserv reported a 30.4% rise in its consolidated net profit for the quarter ended June 30, 2025, at ₹2,789 crore as against ₹2,138 crore in the same quarter of the previous fiscal. The company's operating revenue in Q1 FY26 stood at ₹35,439 crore year-on-year (YoY) as against ₹31,480 crore in the same quarter of the previous fiscal, registering a growth of 12.5%. The NBFC company said it continues to focus on the growth of its emerging businesses, which include Bajaj Finserv Health, Bajaj Finserv Direct, Bajaj Finserv Asset Management and Bajaj Finserv Ventures. Losses from these businesses stood at ₹142 crore in Q1 FY26. Following the earnings data, shares of Bajaj Finserv were seen trading 3.32% lower at ₹1,964.90 per share on the NSE. Finance & Insur...
Crude oil prices gain on spot demand
Business, News

Crude oil prices gain on spot demand

New Delhi, Crude oil prices rose by Rs 45 to Rs 5,700 per barrel in futures trade on Thursday 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 45 or 0.8 percent to Rs 5,700 per barrel in a business of 11,564 lots. Analysts said crude oil prices rose in futures trade as participants increased their deals. Globally, West Texas Intermediate crude was trading 0.70 percent higher at $65.71 per barrel in New York, while Brent crude rose 0.43 percent to $68.94 per barrel.
Silver futures prices rose: Prices gain by Rs 465
Business, News

Silver futures prices rose: Prices gain by Rs 465

New Delhi, Silver prices rose by Rs 465 to Rs 1,16,120 per kg in futures trade on Wednesday as participants increased their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery rose by Rs 465, or 0.4 percent, to Rs 1,16,120 per kg in a business turnover of 20,631 lots. Analysts said fresh deals by participants led to the rise in silver prices. Globally, silver was trading 0.19 percent higher at $39.36 per ounce in New York.
Aluminium futures prices gain on new deals
Business, News

Aluminium futures prices gain on new deals

New Delhi, Aluminium prices rose by 40 paise to Rs 254.90 per kg in futures trade on Tuesday as speculators created new deals amid positive trend in the spot market. At the Multi Commodity Exchange, the price of aluminium contract for August delivery rose by 40 paise or 0.16 percent to Rs 254.90 per kg in a business turnover of 2,504 lots. Analysts said buying of new deals by traders amid demand from consumer industries supported aluminium prices in the futures market.
SBI gain ₹25,000 by selling shares to LIC
Business, News

SBI gain ₹25,000 by selling shares to LIC

State Bank of India (SBI) on Monday, July 21, said it has successfully raised ₹25,000 crore through a qualified institutional placement (QIP). The board of directors of the national bank at a meeting approved the allotment of 30.59 crore (or 30,59,97,552) equity shares having a face value of ₹1 per share at an issue price of ₹817 per share, including a premium of ₹816 per share. State Bank of India said in a regulatory filing that after receipt of applications from eligible qualified institutional buyers (QIBs) and funds in the escrow account, as per the terms of the issue, the bank closed the issue on July 21. The panel also finalised the allotment note to be sent to eligible QIBs, informing them of the allotment of equity shares under the issue. Life Insurance Corporation (L...
Tea exports from India gain by 2.85% in FY 2024-25
Business, News

Tea exports from India gain by 2.85% in FY 2024-25

Kolkata: Tea exports from India in FY 2024-25 rose by 2.85 per cent as compared to the previous fiscal, according to official data. Tea exports from the country rose from 250.73 million kg to 257.88 million kg. According to the latest data from the Tea Board, the export volume from North India reached 161.20 million kg during FY 2024-25, showing a growth of 8.15 per cent from 149.05 million kg in FY 2023-24. Similarly, exports from South India declined by 4.92 per cent to 96.68 million kg in 2024-25 from 101.68 million kg in the previous fiscal, according to the data. The value of tea exports per kg increased to Rs 290.97, showing a growth of 12.65 per cent from Rs 258.30 in FY 2023-24. During the calendar year January to December 2024, the volume of tea exports reached 256...