Kotak Mahindra Bank has reported a 14% year-on-year decline in its Q4FY25 standalone net profit, falling to ₹3,552 crore, missing analyst expectations. The drop is attributed to higher provisions for bad loans, particularly in the microfinance segment. Despite the profit decline, the bank saw strong loan and deposit growth, with advances rising 13% YoY and…
Legendary investor Warren Buffett shared key insights at the Berkshire Hathaway Annual Shareholder Meeting 2025, covering topics ranging from trade tariffs to artificial intelligence (AI) and cryptocurrency. Here are the top 10 takeaways from Buffett’s address: Buffett’s insights continue to shape global investment strategies, reinforcing Berkshire Hathaway’s commitment to value investing. Stay tuned for further…
Netweb Technologies India Ltd, a leading high-end computing solutions provider, has reported a 45% year-on-year (YoY) increase in its Q4FY25 net profit, reaching ₹429.9 million. The surge in profitability is attributed to strong growth in its AI systems segment and rising demand from government and enterprise clients. The company’s operating income rose 55.9% YoY to…
The Institute of Chartered Accountants of India (ICAI) has announced a strategic partnership with the Securities and Exchange Board of India (SEBI) to enhance financial fraud detection, following recent irregularities at IndusInd Bank and Gensol Engineering. Under the agreement, ICAI will prepare a working paper outlining key areas where collaboration with SEBI can improve corporate…
Mumbai – Avenue Supermarts Ltd (DMart) has posted a 2% year-on-year (YoY) increase in its Q4FY25 standalone net profit, reaching ₹619.71 crore, while revenue from operations surged 17% YoY to ₹14,872 crore. Despite the revenue growth, DMart’s profitability remained under pressure, with higher competition in the FMCG segment, rising wage costs, and continued investments in…
Adani Power has expressed optimism about recovering the remaining dues from Bangladesh under a power-supply agreement signed in 2017. The company has already received $1.2 billion of the $2 billion owed by Bangladesh, with payments now exceeding the monthly billing amount. Bangladesh had faced financial difficulties due to rising import costs following the Russia-Ukraine conflict…
The Indian banking sector is grappling with fresh uncertainty following the Supreme Court’s decision to cancel JSW Steel’s resolution plan for Bhushan Power and Steel Ltd (BPSL), ordering its liquidation instead. The ruling has left banks facing a staggering ₹3.13 lakh crore in claims, with recovery prospects now in doubt. Impact on Indian Banks Public…
Andhra Pradesh has recorded its highest-ever net GST collection of ₹3,354 crore in April 2025, marking a significant milestone in the state’s financial performance. This achievement reflects strong tax compliance, enforcement measures, and an expanded tax base, according to officials. Key Highlights of the GST Collection Surge Government’s Response and Future Plans Chief Commissioner of…
Varun Beverages Ltd. has posted a 35% year-on-year increase in net profit for the first quarter of 2025, reflecting strong growth in its operations. The company, a leading franchisee of PepsiCo, recorded a consolidated net profit of ₹726.49 crore, compared to ₹537.27 crore in the same quarter last year. Financial Highlights Dividend Announcement The board…
