State-owned Bank of Baroda (BoB) has reported a 3% year-on-year (YoY) increase in net profit, reaching ₹5,048 crore for the fourth quarter of FY25, compared to ₹4,886 crore in the same period last year. Financial Performance Dividend Announcement The bank’s board has recommended a dividend of ₹8.35 per equity share, subject to shareholder approval at…
Aarti Drugs Ltd has reported a strong financial performance for the fourth quarter of FY25, with net profit rising 32.7% year-on-year (YoY) to ₹62.9 crore, compared to ₹47.4 crore in the same period last year. Financial Highlights Stock Market Reaction Ahead of the earnings announcement, Aarti Drugs shares closed 1.87% lower at ₹349 on the…
Ola Electric CEO Bhavish Aggarwal has extended his congratulations to rival Ather Energy on its successful stock market debut, calling it a “milestone for the Indian EV industry”. A Historic Moment for Indian EVs Ather Energy became the second electric two-wheeler company to go public after Ola Electric’s ₹6,145-crore IPO in August 2024. The company’s…
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…
