Business

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...

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...

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.

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.

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.