Kochi: Federal Bank has reported a 10.85% rise in net profit Quarter on Quarter (QoQ) Rs.955.26 crore, though this has also meant a 9.6% Year on Year (YoY) decline in net profit from Rs.1,057 crore a year ago. This is despite revenues rises 6.84% YoY, even as the company’s Gross Non Performing Assets (NPAs) have declined marginally to 1.83% from last quarter. The Kerala-based bank’s market cap has also increased by 11.93% YoY, from Rs.31,108 crore to Rs.34,819 crore. The bank’s income from fees has risen to an all-time high of Rs.886 crore, rising 13% year-on-year, reflecting its continued income…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Mumbai: The dream run, rather ‘silver run’ has reached its peak with prices falling 9% on the eve of Dhanteras. On Saturday, October 18, Silver prices dropped to ₹1,72,000/kg, from an all time high of ₹ 1,90,000/kg on October 15 in the local markets. The correction comes at a time when economic uncertainty has driven investors towards safe haven assets- with gold, silver seeing an surge in prices from both retail and institutional investo₹ This year has been particularly significant for the ‘cheaper alternative’ to gold, as Silver ETFs in India have seen a record inflow of almost ₹8,603 crore…
New Delhi: Once again, the Supreme Court has shown that affordability always wins over profits, as it has refused to interfere with the Delhi High Court’s interim order restraining Natco Pharma from producing a copycat generic version of Swiss drug maker Roche’s Risdiplam. This is the latest development in the long-running legal tussle between the two companies, where Roche has accused Natco of infringing on its patent to treat Spinal Muscular Atrophy(SMA), a rare disorder that affects about 1 in every 7,744 live births in India. Roche has developed, and marketed the drug under the brand name Evrysdi, the only…
Devbhoomi Dwarka: Following the increased scrutiny of cough syrup manufacturers across India following the deaths of 20 kids in Madhya Pradesh and Rajasthan due to toxic cough syrups, authorities have uncovered a new racquet to sell alcohol in ‘dry’ Gujarat. Bootleggers have been found to distribute illicit alcohol in Gujarat under the guise of ‘herbal cough syrup’, using neighbourhood paan shops as the preferred mode of distribution. Further investigation showed how the raw materials for making this cough syrup were sourced from companies in Ahmedabad and Surendranagar and sent to Punjab for manufacturing. The finished product was reintroduced as Ayurvedic…
Gandhinagar: The BJP in Gujarat has overhauled the Gujarat government, forcing most of the cabinet to resign, save 6 ministers, including Chief Minister Bhupendra Patel and Home Minister Harsh Sanghavi in an event at Gandhinagar earlier on October 17. This move was necessitated due to the resignation of all ministers earlier this week, especially as the Bhartiya Janta Party (BJP)-led government looks to prepare for the upcoming civic and assembly elections way ahead in advance. There were strong rumors about a potential reshuffle in the Gujarat cabinet after long time Navsari MP CR Paatil was replaced by Jagdish Vishwakarma as…
Bangalore: Ola Electric, one of India’s most admired startups, has silenced critics concerned with its falling revenues with a new product in a new industry for a solution that no domestic company is offering, yet. And Ola’s flamboyant promoter, IIT-educated Bhavish Aggarwal, seems to have used the festive season as the perfect launchpad for the ambitious revival – and resurgence of his brand. A new chapter in energy has begun. From vision to reality, Ola Shakti marks the next leap in India’s journey toward self-reliant, sustainable power. Here’s a glimpse from the launch that set the current in motion. ⚡…
Mumbai: One of India’s most recognised long-term Mutual Fund houses, Canara Robeco Asset Management Company (AMC) is all set to make its market debut today after shares were allotted on Tuesday, October 14, and a 7% gain expected on listing. This pure Offer For Sale (OFS) issue offered 4.99 crore shares from existing shareholders, Canara Bank and ORIX Corporation Europe N.V. The issue, which ran between October 9-13, saw the issue oversubscribed almost 10 times with the Grey Market Premium (GMP), the expected price for the shares post-listing, hovering around 3-13% from the issue date. Canara Robeco is one of…
New Delhi: Almost five months after bidding closed, the Competition Commission of India (CCI) has announced Anil Agarwal-led Vedanta Ltd as the winner to acquire the bankrupt Jaiprakash Associates(JAL), the commission said in a release on Tuesday, October 14. C-2025/09/1328: Commission approves acquisition of Jaiprakash Associates Limited by Vedanta Limited pic.twitter.com/1AMPhHRk62 — CCI (@CCI_India) October 14, 2025 Vedanta secured the bid with an offer of Rs.17,000 crore, beating Adani’s ₹12,600 crore offer for the beleaguered company with business interests in hotels, cement, real estate, sports and power generation. Based on this deal, Jaiprakash Associates’ lenders will receive a 71% haircut…
New Delhi: LT Foods Ltd, the Delhi-based brand behind the ‘Dawat’ basmati rice brand, has announced the acquisition of Hungary-based canned vegetable manufacturer, Global Green Europe Kft for €25 million. This acquisition will help the brand expand its portfolio beyond rice and pulses, and explore mature markets in Europe. According to a press release filed to the bourses, Global Green Europe exports processed canned and jarred foods across 20 European countries, with production facilities based in Hungary. The company is a key player in the production of jarred peas, sour cherries, silver skin onions and gherkins, besides canned sweet corn,…
Ahmedabad: The Gujarat High Court, following a writ petition filed by the Income Tax Bar Association, has directed the Central Board of Direct Taxes (CBDT) to extend the due date for filing Income Tax Returns (ITR) for the financial year 2024-25 to November 30, 2025. The court observed that while the date for filing tax audit reports was extended to October 31, it is essential to maintain a gap of one month between the tax audit report filing and ITR filing, as per the provisions of the Income Tax Act. A bench of judges, Pranav Trivedi and Bhargava Kariya noted…
