Canara Bank reported a 10% YoY decline in Q4FY26 consolidated net profit to Rs 4,506 crore, while net interest income rose 4% to Rs 9,808 crore. Profit also fell 13% sequentially from the previous quarter. Following the earnings announcement, shares of the PSU lender plunged 7% to hit an intraday low of Rs 130.50 on the NSE.
Chennai-based mutual fund distributor Muthukrishnan Dhandapani, who manages Rahul Gandhi’s investments, says he stopped taking new clients a decade ago—a choice that may have cost him a tenfold rise in income. He insists on keeping work strictly professional, never seeking favours, and values contentment over scaling his business.
Online Instruments (India) has filed draft papers with Sebi for an IPO comprising a fresh issue of up to Rs 750 crore and an OFS of 57.1 lakh shares by promoters. The Bengaluru-based company plans to use the proceeds for debt repayment, working capital needs, acquisitions and general corporate purposes. Rs 160 crore is earmarked for debt repayment.
Global energy markets are experiencing prolonged stress. High crude oil prices and geopolitical risks are impacting India's economy. Policymakers are focusing on external balance and currency management. Fuel prices may see a gradual increase. The government's fiscal book is already strained by energy shocks. Market participants await further policy actions.
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Prime Minister Modi's calls for energy conservation highlight India's external vulnerability and fiscal strain due to elevated oil prices. JPMorgan's Sanjay Mookim notes this disruption's prolonged nature, impacting corporate earnings and potentially dampening consumption and capex momentum, shifting market focus to defensives.
PVR Inox Q4 Results: The company's revenue from operations surged 26% year-on-year to Rs 1,547 crore in the March-ended quarter versus Rs 1,230 crore reported in the corresponding quarter of the last financial year.
Prime Minister Narendra Modi urged Indians to avoid buying gold for the next year, a notable appeal in a country where the metal is deeply tied to savings and tradition. The move is seen as an attempt to ease pressure on India’s foreign exchange reserves, as rising gold imports increase demand for U.S. dollars amid growing global uncertainty.
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