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Shriram General Insurance ties up with Piramal Finance for product distribution
Shriram General Insurance has joined hands with Piramal Finance. This collaboration will bring insurance products to more people. Piramal Finance's large network will help SGI reach customers. The partnership focuses on semi-urban and rural markets. It aims to make insurance easily available. This will help protect customer assets and financial futures.
ECB Convenes Banks to Fix Flaws Exposed by AI Models, FT Says
The European Central Bank plans to press lenders to accelerate efforts to secure their IT systems after organizing a meeting on cybersecurity risks with the latest artificial intelligence models, the Financial Times reported.
Gold, silver may remain rangebound as US-Iran talks near key stage
Gold prices are likely to remain range-bound in the coming week as traders await more clarity on the evolving US-Iran negotiations, while silver is expected to retain a positive bias amid persistent geopolitical uncertainty and elevated energy rates, analysts said. Apart from geopolitical developments, investors will also track US housing data, GDP numbers, consumer confidence readings and Personal Consumption Expenditure (PCE) inflation data for further clues on the Federal Reserve's policy outlook, they added. "Gold price momentum next week looks sideways, while silver still looks positive as focus will again be on the peace negotiations between the US and Iran to end the war," said Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd. Domestic futures markets will remain closed during the morning session on Thursday for Bakri Id. Gold futures rose marginally to close the previous week at Rs 1.58 lakh per 10 grams, while silver edged lower ..
Knowledge Realty Trust to invest Rs 700 cr to build 1.4 mn sq ft office space in Bengaluru
Knowledge Realty Trust plans a Rs 700 crore investment over three years for new office space in Bengaluru. The company is also actively seeking acquisitions to expand its business. KRT anticipates continued growth in key financial metrics. Demand for office space remains strong, particularly from Global Capability Centres. The firm's portfolio is designed to be resilient to AI advancements.
RBI's record dividend payout to provide partial cushion to stressed govt finances: Experts
The all-time high dividend declared on Friday is 6.7 per cent greater than Rs 2.69 lakh crore for the 2024-25 fiscal. urplus transfer by RBI alone accounts for 91 per cent of the budgeted non-tax revenue under 'dividend/surplus of Reserve Bank of India, Nationalised Banks & Financial Institutions' head for FY27.
Protean eGov Technologies jumps 20% after strong Q4 profit and revenue growth
Protean eGov Technologies saw its shares jump significantly on Thursday. This surge followed the company's announcement of its best-ever quarterly and annual financial results. Strong performance was noted across all business segments. The company reported a substantial increase in net profit and revenue for the quarter and the full fiscal year. Protean eGov also declared a final dividend for shareholders.
Grasim Industries shares surge 4% after robust Q4 profit, up 28% YoY
Grasim Industries shares saw a significant jump after the company announced robust fourth-quarter earnings and record annual revenue. Growth was broad-based across its paints, chemicals, fibres, cement, and financial services businesses. Consolidated net profit rose 28% year-on-year for Q4FY26. Full-year profit increased 33% to Rs 10,300 crore. Annual revenue hit an all-time high of Rs 1,75,430 crore.
INR recovers from historic lows as oil pulls back; RBI announces $5 billion US Dollar/INR swap auction to defend rupee
The Indian rupee recovered well in opening trades on Thursday as global investors noted a slight pullback in crude oil prices over the recent comments on a potential final stage of the US-Iran conflict. INR opened at Rs 96.25 per dollar and hit a high of 96.05 so far during the day. Yesterday, the counter ended near the next critical level of 96.86, a new historic low. Meanwhile, in a major structural intervention to stabilise domestic financial markets, the Reserve Bank of India (RBI) has announced a $5 billion USD/INR buy-sell swap auction. Scheduled to take place next week on Tuesday, May 26, the central banks move is specifically engineered to inject durable, long-term Rupee liquidity into the commercial banking system. The Indian Rupee has faced persistent downward pressure, depreciating significantly against the American greenback in recent weeks due to ongoing global macroeconomic uncertainties and shifting foreign capital flows. By deploying this specialised monetary tool, ...
BLS International posts net profit of Rs 724 crore in FY26
BLS International achieved its highest-ever performance in financial year 2026. Revenues surged to Rs 2998 crore, a 36.7% year-on-year increase. Net profit rose 34% to Rs 724 crore. The company's visa and consular services segment saw significant margin expansion. Several new contracts were secured during the year, contributing to this robust financial outcome.
JM Fin sees mid-tier IT outperforming largecaps; Mphasis among top picks
Within the sector, JM Financial sees mid-tier IT companies outperforming large-caps and has identified Infosys among the top-six players, Mphasis in the mid-tier space, and Sagility among business pr
Air India’s cabin glow-up is fighting the pressure of a brutal money heat
Air India is undergoing a significant fleet overhaul, investing $400 million in refurbishing cabins with new seats, entertainment systems, and branding across its domestic and long-haul aircraft. This transformation aims to reposition the airline as a globally competitive carrier, despite facing substantial financial losses and operational challenges due to geopolitical disruptions and soaring fuel prices.
RITES Q4 Results: Cons PAT slips 1.4% YoY to Rs 131 crore, revenue up 27%
RITES announced its financial results for the March quarter. The company reported a net profit of Rs 139 crore. Revenue from operations saw a significant increase of 27%. The board recommended a final dividend of Rs 2.75 per share for FY26. RITES also achieved an all-time high order book of Rs 9,416 crore.