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South Indian Bank (SIB) net profit rose 17.4% year-on-year (YoY) to ₹378 crore as asset quality improved and net interest income increased in the quarter ending June 30 2026. The bank’s net interest income increased 23% YoY to ₹1,025 crore in the reporting quarter. The gross advances increased 17% YoY to ₹1,04,368 crore in the…
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South Indian Bank. File | Photo Credit: Special Arrangement South Indian Bank (SIB) net profit increased 23% to ₹378 crore as asset quality improved and net interest income increased in the quarter ending on June 30, compared to ₹322 crore in the year-ago period. The bank’s net interest income increased 23% to ₹1025 crore in…
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Representative image. | Photo Credit: Getty Images/iStockphoto The Centre has released the draft Corporate Average Fuel Efficiency (CAFE)-III norms for stakeholder consultation, proposing tighter fuel efficiency and carbon emission standards for passenger vehicles from April 1, 2027. For the first time, the draft also proposes special recognition for ethanol and other biofuels while assessing…
From the Sensex pack, HCL Technologies, Mahindra & Mahindra, Maruti, Tech Mahindra, Infosys, and Bajaj Finance were among the major winners. Eternal, Bajaj Finserv, Axis Bank, and Bharat Electronics were among the laggards. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty climbed during initial deals on Thursday (July 16, 2026) led by IT…
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Representative image. | Photo Credit: Getty Images/iStockphotos The rupee declined 6 paise to 96.31 against the U.S. dollar in early trade on Thursday (July 16, 2026) amid volatility in global crude oil prices and a stronger greenback with the West Asia crisis showing no signs of abating. FII outflows continued to weigh on the local…
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Image used for representationa purposes. File | Photo Credit: Reuters The dip in SpaceX’s shares below its blockbuster IPO price of $135 a share is an ominous sign for Elon Musk’s internet and rocket company as it faces more potential volatility in early August, when the number of shares available for trading on the Nasdaq…
Read More “SpaceX selloff an ominous sign as lockup expiry looms” »
Petrol pump owners warn that ethanol’s moisture absorption may contaminate E20 fuel. | Photo Credit: Shiv Kumar Pushpakar Petrol pump owners claim that ethanol’s hygroscopic nature or affinity towards water is leading to contamination of their E20 stock during monsoons and in the coastal areas since the existing underground storage tanks were designed for conventional…
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Ladakh Lieutenant Governor Vinai Kumar Saxena flags off the first five-metric-tonne consignment of Ladakh’s apricots for export to the United Arab Emirates through the MoU with the UAE-based Lulu Group at Ladakh Bhawan, in New Delhi on July 16, 2026. | Photo Credit: ANI Apricot from Ladakh is finally on its way to hit the…
India’s trade data for June offers insights into how the country is weathering the West Asia crisis and the prospect of a deficient monsoon. The fact that the trade deficit jumped 430% in June would seem alarming. However, a deeper look at the composition of this deficit should ease a lot of that alarm. The…
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has cleared several projects, including ₹1.27 lakh crore for the second edition of India Semiconductor Mission and ₹62,500 crore for the mobile phone manufacturing scheme (MPMS) as part of efforts to localise manufacturing amid raging West Asian crisis. The cabinet also accorded…