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On Wednesday, the Union cabinet approved a 3% increase in dearness allowance for employees and pensioners. This increase is expected to benefit over 11.6 million individuals ahead of the festive season. The change will take effect retrospectively from July 1, costing the exchequer 10,016 crore. Additionally, the government revised dearness allowance rates for employees under the Fifth and Sixth Pay Commissions.
Aisshpra Gems & Jewels Marks Major Expansion with Four New Showrooms in One Day
Lucknow (Uttar Pradesh) [India], October 28: Aisshpra Gems & Jewels, a jewellery retail brand with a legacy dating back to 1940, has expanded its retail presence by opening four new showrooms in a single day across Bahraich, Bettiah, Lucknow and Mirzapur. With these launches, the company's store network has grown from 16 to 20 stores. It aims to expand this network to 30 stores by March 2028, strengthening its presence across Uttar Pradesh and Bihar.
India's banking sector poised for double-digit credit growth despite macroeconomic challenges
India's banking sector exhibits confidence in achieving sustained double-digit credit growth across various segments. Demand for retail and SME lending is primarily driving this credit growth, according to the FICCI-IBA Bankers' Survey. Respondents show optimism about the emerging revival in private-sector capital expenditure and improved asset quality. A significant majority anticipates that both retail loans and SME credit will continue to grow robustly.
Vedanta cuts debt by Rs 4,624 crore in September quarter as net profit jumps 151%
Vedanta reported significant financial growth, achieving record revenue and net profit in the September quarter. The company's consolidated revenue increased by 57% year-on-year to 25,812 crore while Ebitda doubled to 9,938 crore. After a recent demerger, Vedanta plans to eliminate debt, nearing completion in the upcoming quarter. The company has successfully reduced its debt by nearly 10,000 crore in recent months. Shares of Vedanta closed 3.
Bandhan Bank to face a Rs 200 crore hit from insurance norm change
Facing an anticipated Rs 200 crore dip in income from proposed cuts to insurance commissions, Bandhan Bank's managing director, Partha Pratim Sengupta, warns of potential ripple effects across the banking industry. To counter these challenges, the bank is set to reshape its business model and focus on enhancing mutual fund distribution. Moreover, its limited exposure to drought-impacted regions in Karnataka and Maharashtra helps mitigate overall financial risks.
Private equity is significantly altering how professional services firms are owned and operated. AI is expected to redefine the delivery and pricing of services in these firms. Industry experts suggest that growth in India may mirror trends seen in the US market. The old partnership model is likely to face increased pressure from emerging competition. These shifts may hasten the separation of audit and consulting functions at major firms.
PNB Housing Finance Q2 profit rises 6% to 617 cr, income grows 14%
PNB Housing Finance reported a 6% rise in Q2 net profit to 617 crore, while net interest income grew 15% to 878 crore and gross NPAs declined to 0.91%.
Apple Unveils Touch-Screen MacBook Pro, Reversing Long-Held Jobs Stance
After two decades of spurning the idea, Apple Inc. unveiled an overhauled MacBook Pro that includes a touch screen, giving its flagship laptop a feature that has become a must-have in the personal computer industry.
Exclusive-US DOJ is inquiring about Nvidias purchase of Hugging Face, sources say
NVIDIA-DOJ-HUGGING-FACE:Exclusive-US DOJ is inquiring about Nvidia's purchase of Hugging Face, sources say
How India Shops for Beauty & Wellness
New Delhi [India], October 28: India's beauty and wellness shoppers discover products on social media but buy on trust. Built on the voices of 7,783 verified Indian consumers across metros and Tier 2 and Tier 3 cities, and deepened by one-on-one interviews, Hercules' new outlook shows what drives their choices: authenticity over speed, performance over prestige, and sleep as the new health goal. Click to Download the Full Report Free.
Anthropics IPO filing says its co-founders hold 50.1% of the voting power on certain matters, while the company could reach a $1.5 trillion valuation. The filing also reports how much Claude contributed to Anthropics codebase in September.
Billionaire Gautam Adani, Indias richest person, is exploring a potential acquisition of Dutch energy storage group VTTI as supply disruptions make the facilities more valuable for energy trading, people familiar with the matter said.
KPIT Technologies Q2FY27 results: Net profit declines 29% to 121 crore
KPIT Technologies' Q2 net profit fell nearly 29% to 121 crore as Chinese competition weighed on global automakers, slowing client decisions, while revenue rose 6.5% to 1,691 crore.
Composer and singer Salim Merchant has purchased commercial premises in Mumbai's Santacruz with four other buyers for 12.85 crore, according to CRE Matrix. The deal, registered on October 7, includes 1,285 sq ft of carpet area and a parking space, with Merchant holding a reported 50% stake.
Hero MotoCorp Q2FY27 results: Net profit soars 42% to 1,861 crore
India's largest two-wheeler maker Hero MotoCorp on Wednesday reported a 42 per cent year-on-year rise in consolidated profit after tax for the second quarter of the current fiscal. The company's consolidated profit for the quarter came in at Rs 1,861 crore, against Rs 1,308 crore in the year-ago period, according to a regulatory filing. Revenue from operations increased to Rs 14,971 crore, up 23 per cent from Rs 12,218 crore a year ago. Results for the quarter and half-year include a Rs 397 crore gain from the equity consolidation of an associate company, following its capital raise via a Qualified Institutional Placement and Private Placement, the company said. Revenue was largely driven by volumes. Hero MotoCorp dispatched a total of 18.68 lakh motorcycles and scooters, registering a 10 per cent growth year-on-year. The scooter segment recorded a 47 per cent growth to 2.40 lakh units in the September quarter of FY27. VIDA electric scooter volumes rose 76 per cent year-on-year
Chennai Metro Phase II: How Hitachi Rail's 1,620 crore contract will power driverless trains
Hitachi Rail's CBTC system automatically manages train movement, including acceleration and braking. It also calculates suitable operating speeds in real time, allowing trains to run at intervals of up to 90 seconds.
The company expands beyond hygiene and personal care to build a wider women's health and wellness brand. Talking to Livemint, co-founder Rithish Kumar opened up about the new launch, Within.
Adani Airport, foreign airlines deadlocked over Mumbai airport shift
Carriers want until October 2027 to move some international operations to Navi Mumbai, but Adani Airport plans to begin cutting capacity at the existing airport in April.
U.S. FDAs VAI tag for Dr. Reddys unit in Srikakulam, inspection closed
JSW Energy Q2FY27 results: Net profit grows over 38% to 1,141 crore
JSW Energy on Wednesday reported an over 38 per cent year-on-year rise in consolidated net profit to Rs 1,141 crore in the September quarter, driven by higher revenues. The company had posted a net profit of Rs 824 crore in the second quarter of the preceding financial year, JSW Energy said in an exchange filing. During July-September, the company's total income rose to Rs 6,657.71 crore from Rs 5,361 crore in the year-ago period. The board of JSW Energy also approved raising of long-term funds up to Rs 5,000 crore through the issuance of rated and listed non-convertible debentures on a private placement basis, in one or more tranches, and authorised the Finance Committee to decide on all matters relating to the issuance of the debentures, from time to time, including finalisation and approval of the detailed terms of issue, the filing said. The company's current installed capacity stands at 15,147 MW, of which renewables account for 9,189 MW, or 61 per cent. The renewable portfoli
Centre releases Rs 78 crore for senior citizens' welfare scheme
The ministry said it has released funds under the Integrated Programme for Senior Citizens (IPSrC), a component of the Atal Vayo Abhyuday Yojana (AVYAY), for the financial year 2026-27.
Karnataka, DGFT to host state-level workshop to help exporters leverage FTAs
On October 30, a workshop will be organized by the DGFT, Karnataka government, and FIEO in Bengaluru. The event aims to enhance Karnataka's export competitiveness and awareness of Free Trade Agreements. Nearly 200 participants, including exporters and industry officials, are expected to attend. Technical sessions will cover opportunities in various sectors and policy interventions under new FTAs. Senior officials and the state minister will address attendees at this important event.
PM Modi to release Rs 18,680 crore under PM-Kisan scheme on October 30
On October 30, Prime Minister Narendra Modi is set to launch the 24th installment of the PM-Kisan scheme in Gujarat, aiming to support over 9.34 crore farmer families across the country with more than Rs 18,680 crore. In Gujarat alone, financial assistance surpassing Rs 1,051 crore will be granted to over 52.33 lakh farmer families.
Meesho flags higher festive and tech costs in Q2 as margins improve
Contribution margin improved to 6% of NMV in Q2, but the e-commerce platform expects elevated customer acquisition and server costs to temper near-term gains.
HULs D2C, quick-commerce push grows as drought clouds rural demand
Hindustan Unilever is expanding its digital-first beauty portfolio as quick commerce reaches 5% of its business. CEO Priya Nair sees opportunities among affluent consumers but acknowledged risks to rural incomes from weak monsoons.
Amit Kalyani takes over as chairman of Kalyani Steels
The move was part of a planned leadership transition from Babasaheb Kalyani, who has chaired the Company since its incorporation
Satin Creditcare Q2 profit surges over three-fold as asset quality improves
Satin Creditcare Network reported a more than three-fold rise in consolidated net profit to Rs 176 crore in the second quarter, helped by lower microfinance provisions, portfolio growth and improved asset quality. Its gross NPA ratio improved to 1.9% from 3.5% a year earlier, signalling a recovery from earlier stress.
Jio Platforms debuts at 21% premium as Sensex slides; valuation tops 12 lakh crore
With a market capitalisation of around 12.5 lakh crore, JPL overtook Bharti Airtel to become Indias second-most-valued listed company after parent Reliance Industries.
Fortis Healthcare acquires Suguna Hospital in an all-cash 277-crore deal
Commissioned in 2006, Suguna Hospital is a 110-bed facility on Dr Rajkumar Road in Rajajinagar, north-west Bengaluru
Cholamandalam Investment and Finance reported a 41% rise in second-quarter net profit to Rs 1,630 crore, helped by strong income growth, higher loan disbursements and lower loan losses. The companys board approved a proposal to raise up to Rs 5,000 crore through a qualified institutional placement.
Hero MotoCorp Q2 profit jumps 41% as scooter and EV sales surge
Hero MotoCorps Q2 FY27 consolidated profit rose 41% to Rs 1,860.55 crore, while revenue increased 23% to Rs 14,970.50 crore. Scooter sales surged 47%, VIDA retail sales grew 76%, and international expansion strengthened growth prospects.
India needs $220 billion for green power transition by FY30
Speaking at the press curtain raiser of the the Bharat Renewable Energy Summit & Expo (2026), Mr. Sarangi mentioned that India had secured private investment of $64 billion in the sector.
Adani said to weigh deal for 3 billion energy storage firm VTTI
Billionaire Gautam Adani is reportedly exploring a potential acquisition of Dutch energy storage group VTTI. Supply disruptions have made VTTI's facilities increasingly valuable for energy trading, attracting multiple suitors. A deal could value VTTI at around 3 billion, with IFM Investors and Vitol owning significant stakes. Adani Group has been evaluating international acquisitions to accelerate its growth in various sectors.
Vedanta explores Rs 80,000 crore investment in West Bengal, says Anil Agarwal
In a bold move, Vedanta Group's Anil Agarwal announced an investment strategy of Rs 70,000-80,000 crore in West Bengal, set to foster job creation for around 10,000 individuals. He conveyed confidence in the state's manufacturing potential and the necessity of leveraging local resources. This announcement came during a key meeting at Nabanna, highlighting Agarwal's commitment to positioning India as a manufacturing powerhouse on the global stage.
Vedanta Aluminium Metal net doubles on firm prices
Revenue increased 41 per cent to Rs 22,066 crore (Rs15,670 crore). EBITDAEbitda was up 83 per cent at 10,192 crore
Schott Poonawalla now becomes Schott Pharma, as it strengthens presence in specialty glass market
Roy Joseph, CEO & Managing Director, Schott Pharma India Private Ltd, said, the company remained focussed on growing and contributing to the safe and reliable delivery of critical therapies to patients worldwide
Indian-origin engineer Rajesh Ambati has been promoted to vice-president of engineering at Apple after nearly 18 years at the company. He oversees connectivity, cellular and satellite software as Apple reshapes its leadership under CEO John Ternus.
Jio IPO windfall brings mega party, early salaries, and bonus bonanza
Asia's richest man, Mukesh Ambani, is known for throwing lavish weddings for his children. On Wednesday, he brought that trademark scale of celebration to a corporate milestone, hosting a mega party for thousands of employees at Reliance Corporate Park to mark the blockbuster stock market debut of Jio Platforms Ltd. The celebrations extended beyond the party: October salaries have been paid early on October 15, and 75 per cent of employees' annual cash bonus or performance-linked incentive for the 2026-27 fiscal year was disbursed on Wednesday, months ahead of the usual post-financial-year payout. Thousands of employees and their families gathered at Reliance Corporate Park in the afternoon to celebrate the listing of the digital and telecommunications business, which raised a record Rs 30,213 crore in its initial public offering and thereafter saw a bumper listing on Wednesday. Dozens of food stalls serving street food, dance performances and jam sessions blending devotional music
Ola Electric's 1,000 cr rights issue fully subscribed as shares rally 23%
The electric scooter maker's rights issue drew bids for 37.14 crore shares against 37.03 crore on offer, with founder Bhavish Aggarwal participating fully in the offering
The group would examine the viability of setting up the projects in the State
Premiumisation and policy reforms can drive beer category growth: UBL CEO and MD
EBITDA margin expanded 480 basis points to 11.9 per cent, while EBIT margin rose 441 basis points to 8.4 per cent
Weak returns at home fuel India's overseas retail investing boom
Indian retail investors are increasingly venturing into global markets, significantly boosting their overseas investments. In response, domestic asset managers are introducing new funds to meet the rising demand for international exposure. With the Reserve Bank of India's limits on overseas investments nearing their cap, many investors are exploring tax-friendly locations like GIFT City.
PhysicsWallah, Startup India tie up to support 25,000 early-stage startups
The two-year partnership will support grassroots entrepreneurs through structured training, mentorship, incubation, investor access and seed funding, with a focus on smaller cities and rural areas
Billable hours are giving way to value-based pricing: Eisners Charles Weinstein
In an interview, the CEO of Eisner Advisory Group discusses the imminent collapse of traditional hourly rates, the firms deployment of 11 homegrown AI audit tools, and how mid-tier firms can compete with Big Four GCCs.
TVS Motor consolidated Q2 net profit rises 47%
Company plans the launch of Norton motorcycles in India in coming months
Reliance Industries seen posting double-digit Q2FY27 EBITDA growth on strong O2C, Jio performance
The Mukesh Ambani-controlled conglomerate, which is scheduled to announce its results on October 30, is expected to deliver stronger sequential performance, led by 12 per cent quarter-on-quarter growth in O2C EBITDA, as stronger middle-distillate cracks outweigh weaker petrochemical spreads, according to Equirus Securities
Prime Minister to inaugurate Bharat Renewable Energy Summit 2026
The 4-day event likely to bring together participants from over 130 countries
Hyundai India Q2 net profit falls 24% to 1,196 crore on high commodity cost
The second half would see accelerated momentum, with the launch of the Bayon marking the beginning of the companys golden product cycle
USL Q2 PAT falls 2.1% to 462 crore; state policies hit popular portfolio
The Prestige & Above (P&A) segment grew 6.3%, supported by local-flavour innovations in Smirnoff, the relaunch of J&B Scotch and growth in the luxury portfolio
Adani Enterprises revenue jumps 75% as new businesses ramp up; Adani Ports raises FY27 guidance
Copper smelting and Navi Mumbai airport boosted Adani Enterprises revenue, while Adani Ports lifts its growth outlook and is planning higher capital spending.
DPR for proposed Tuticorin Shipyard in six months: Sarbananda Sonowal
The proposed shipyard, backed by a nearly $4 billion investment from South Korea's HD Hyundai, is expected to become India's largest commercial shipyard once operational
Info Edge CEO Hitesh Oberoi to step down after 27 years
Founder Sanjeev Bikhchandani's appointment and redesignation as executive vice chairman, managing director, and group CEO have been approved by the board, effective 3 December 2026, subject to shareholder approval.
Indian industry has become aware of carbon emissions, says CIIs Narayan Sethuramon
Indian industry is becoming aware of the impact of European carbon emissions regulations on their competitiveness. The expected India-EU Free Trade Agreement will create opportunities for growth in the coming years. Different categories of buyers are emerging, with some looking to diversify sources away from China. Key sectors such as textiles and defense are poised to benefit from these trade dynamics.
Hero MotoCorp Q2 Results: Profit surges 41% YoY to Rs 1,861 crore, revenue jumps 23%
Hero MotoCorps Q2 FY27 consolidated profit rose 41% to Rs 1,861 crore, while revenue increased 23% to Rs 14,971 crore. Scooter sales, 100cc motorcycles and VIDA electric scooters boosted growth, alongside international expansion and investments.
Tata Sons feud draws Rahul Gandhi, Nirmala Sitharaman into public spat
The exchange marks a rare public intervention by senior political leaders in the leadership dispute at Tata Sons, the holding company of the Tata Group. For months, the battle had played out through boardroom discussions, letters and legal opinions.
Hyundai Motor India Q2 FY27 net profit declines by 24% y-o-y to 1,196.1 crore
Profit fall comes despite total revenue from operations rising to 20,696 crore from 17,461 crore a year ago
L&T aims to nearly double order book to Rs 15 lakh crore by 2031
Company focus on energy, manufacturing, electrolysers, date centres as future areas of growth.
L&T aims to nearly double order book to Rs 15 lakh crore by 2031
Company focus on energy, manufacturing, electrolysers, date centres as future areas of growth.
Bandhan Bank sees 200 crore hit to third-party income from Irdais proposed distribution overhaul
The lender expects to recoup most of the potential loss by expanding insurance sales in smaller towns and pushing mutual fund distribution.
PVR INOX net profit surged to 263.1 crore, revenue up 17% in blockbuster Q2
Consumers appetite to go out to watch movies is back in a very big way irrespective of whether its a big budget or a small budget as long as the content resonates with them. This is leading to a strong momentum as we improved occupancy levels to 30.4 per cent welcoming 46.3 million patrons during Q2, Ajay Bijli, Managing Director, PVR INOX Ltd told businessline.
Hyundai Motor India Q2 profit falls 23.9% as raw material costs rise
Hyundai Motor India's Q2FY27 net profit fell 23.9 per cent to Rs 1,196 crore as rising raw material costs and higher employee expenses offset an 18.5 per cent increase in revenue.
Ben & Jerry's co-founders Ben Cohen and Jerry Greenfield are exploring a deal to separate the ice cream brand from owner Magnum and place it under an employee stock-ownership plan. Magnum has rejected a sale, citing costs and risks to the brand's social mission.
Embassy REIT Q2FY27 revenue rises 16% to 1,303 crore, NOI up 15%
Strong demand from global capability centres drove 1.5 million sq ft of leasing, while Embassy REIT declared a record quarterly distribution of Rs 670 crore, or Rs 7.07 per unit.
Lohum appoints Nobel Laureate to lead advanced materials incubation platform
The platform aims to advance materials science from early-stage research (TRL 14) to commercial readiness (TRL 78)
Sebi to review FPI compliance norms, issue consultation paper to align with global standards
Sebi Chairman Tuhin Kanta Pandey stated they will review compliance requirements for foreign portfolio investors in India. A consultation paper will seek feedback on aligning these norms with global standards while ensuring investor protection. This initiative aims to enhance foreign investor participation in domestic markets and streamline access procedures. Additionally, Pandey emphasized the significance of domestic savings along with international capital to support market development.
According to multiple posts on X, Innodata India Pvt Ltd has fired almost 550 employees in India. This comes after reportedly firing workers in Philippines over a Zoom call.
Scale wards off volatility, keeps us steady: L&T's Shankar Raman
Unless we do something dramatically well or dramatically stupid, I dont think there will be a huge volatility in our outcomes, L&T's Shankar Raman said.
Mukesh Ambanis telecom journey: from losing Reliance Infocomm to listing Jio Platforms
Jios listing caps Mukesh Ambanis quarter-century telecom quest, which survived a family split, regulatory battles and years of investment before revenue. His journey has come almost full circle.
Vedanta net doubles in Q2 on better realisation
The companys Zinc cost of production dipped 29 per cent to $703 a tonne after its transition to underground mining
Couple of international airlines may opt not to fly from Mumbai for next 2 yrs: Adani Airports CEO
While not naming the two airlines, Arun Bansal said discussions with the remaining airlines were expected to conclude over the next four months
Mallika Srinivasan and daughter Lakshmi Venu say they remain willing to resolve the TVS familys business dispute through transparent dialogue. Details here.
HUL beats cost pressures with price hikes, savings as net profit rises 3.9%
Revenue grew 14.5% to 18,226 crore, supported by 7% underlying volume growth, even as EBITDA margins contracted by 140 basis points to 22.6%.
TVS Motor Q2 net profit surges 46% to 1,219 crore on robust sales
TVS Motor reported a 46 per cent rise in Q2FY27 consolidated net profit to Rs 1,219 crore, driven by record quarterly sales, strong export growth and a surge in electric two-wheeler volumes
Acutaas Chemicals among 5 stocks hitting 52-week highs; rallied up to 18% in a month
Despite the Sensex falling 352 points to 73,246, five BSE 500 stocks touched fresh 52-week highs on Wednesday. PVR Inox, Acutaas Chemicals, Indian Hotels, Piramal Pharma and Sona BLW posted monthly gains of 9% to 18%.
Vedanta Aluminium Q2 Results: Profit doubles to Rs 6,187 crore, revenue jumps 41%
Vedanta Aluminiums Q2 FY27 net profit surged 105% to Rs 6,187 crore, driven by record production, higher sales and improved realisations. Revenue rose 41%, EBITDA increased 83%, and net debt declined Rs 3,090 crore sequentially.
Mathura (Uttar Pradesh) [India], October 28: Karnataka Governor Shri Thaawarchand Gehlot Ji graces the ceremony in Mathura; 49 research scholars receive Ph.D. degrees as students across disciplines celebrate academic excellence.
Cholamandalam Investment and Finance Q2 net up 41%, board approves fundraise up to 5000 cr via QIP
For the half year ended September 2026 (H1 FY27), net profit came in at 3,284 Ccrore, up 43 per cent y-o-y
United Spirits reports Q2 profit of 462 cr, revenue at 7,001 cr
United Spirits reported a net profit of 462 crore for Q2 FY27, while revenue from operations stood at 7,001 crore during the September quarter.
Sebi signs MoU with Bank of England to strengthen oversight of clearing corporations
SEBI and the Bank of England signed an MoU to strengthen regulatory cooperation and information sharing on clearing corporations. The framework supports cross-border supervision, enables reliance on SEBIs oversight, and reinforces financial stability.
Jio nears global telecom top five by market cap; monetization in focus
Jios $137 billion valuation approaches those of global telecom giants despite a far smaller revenue base, putting the spotlight on earnings growth and returns on capital.
Rahul Gandhi's remarks come amid a dispute over Tata Sons' leadership after Tata Trusts chairman Noel Tata challenged the validity of the September 17 board resolution to reappoint N Chandrasekaran as chairman of the holding company of the Tata Group.
L&T aims to double order book to 15 lakh crore by FY31
To focus on automation, investing in manufacturing capabilities, and expanding into new geographies
L&T begins expansion of Chennai AI infrastructure campus with 52 MW data centre
New facility adds to existing, operational 30 MW centre as Vyoma.AI targets over 250 MW of data centre capacity across India
TVS Motor to split mobility, consumer finance businesses in restructuring
TVS Motor's board has approved the demerger of its consumer finance business into Harita ARC and the merger of TVS Motor Services with the parent company to unlock shareholder value
Adani Ports Q2 profit rises 18% to 3,682 crore, raises FY27 guidance
Adani Ports reported an 18 per cent rise in Q2FY27 net profit to Rs 3,682 crore and 24 per cent revenue growth, prompting it to raise its FY27 revenue, Ebitda and capex guidance.
Hyundais Q2 revenue hits record, but rising costs squeeze profits for third straight quarter
Hyundai Motor Indias margins remain under pressure from commodity inflation, leaving price hikes, easing input costs and new-model sales to drive a second-half recovery.
Info Edge founder Sanjeev Bikhchandani to return as CEO as Hitesh Oberoi steps down after 27 yrs
Info Edge looks to build on its established internet businesses, expand newer platforms and continue investing in Indias start-up ecosystem
IndiaRF Backed Livasa Hospitals Strengthens Regional Healthcare Network with Karnal Expansion
Karnal (Haryana) [India], October 28: Livasa Hospitals, one of North India's fast-growing healthcare networks, has announced its expansion into Haryana with the addition of a multi-specialty hospital in Karnal. This marks Livasa's entry into the state and represents another significant milestone in the group's vision of building an integrated healthcare network across North India.
Chief Minister DK Shivakumar has ordered the transfer of 87 Karnataka Administrative Service officers to improve public services. This decision was made after the ruling Congress experienced an electoral setback during the legislative council elections. Nine officers were appointed as Assistant Commissioners while four were designated as Additional Deputy Commissioners. The reshuffle aims to enhance urban and rural development and improve the implementation of government schemes.
Bandhan Bank Q2 profit jumps 5.6 times as asset quality improves
Bandhan Bank reported a five-fold rise in Q2 profit to Rs 622 crore, supported by lower provisions and improving asset quality. Net interest income grew 14%, margins strengthened, gross advances increased 13%, and deposits rose 9% year-on-year.
