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South Indian Bank's loan book jumps 17% to cross ₹1 lakh crore in Q1, deposits up 11%
South Indian Bank reported healthy business growth in the April-June quarter, with loans crossing ₹1 lakh crore and deposits rising over 11%, supported by steady growth in low-cost CASA deposits.
Tamilnad Mercantile Bank reports healthy Q1 growth; advances outpace deposits
Tamilnad Mercantile Bank reported healthy business growth for the June quarter, with advances rising 27% and deposits nearly 20%, taking total business above ₹1.21 lakh crore on sustained lending momentum.
Markets rebound sharply as GST collections stay strong and crude oil eases
On the macro front, Indias gross GST collections rose 13.9% year-on-year to Rs 1.95 lakh crore in June, signalling sustained strength in domestic demand and healthy external trade. However, the HSBC India Manufacturing PMI eased to 54.2 in June from 55.0 in May, indicating a moderation in factory activity, though it remained comfortably in expansion territory. Meanwhile, the rupee weakened against the U.S. dollar during the session.
HMSI posts 23% rise in sales to 5,28,281 units in June
Honda Motorcycle & Scooter India reported a robust 23% surge in total sales for June, reaching 5,28,281 units. Domestic sales climbed 21% to 4.68 lakh units, while exports saw an impressive 47% jump. The first quarter of the fiscal year also witnessed a healthy 17% growth in total vehicle sales.
Tata Motors Passenger Vehicles' June sales jump 69%; EV volumes more than double
Tata Motors Passenger Vehicles witnessed a remarkable 69% surge in June sales, reaching 63,083 units, propelled by strong demand and a doubling of electric vehicle sales. Domestic passenger vehicle sales also saw a significant 67% jump. The company's leadership in electric mobility continues to strengthen, with EV volumes more than doubling year-on-year. Tata Motors remains optimistic about sustaining growth, citing a healthy order book and positive customer response.
Karur Vysya Bank reports 15% rise in Q1 deposits, advances grow 17% YoY
Karur Vysya Bank reported healthy provisional business growth for the June quarter, with total deposits rising nearly 15% and advances increasing over 17% year-on-year. Shares of Karur Vysya Bank Ltd were trading at ₹297.90, up 0.61%.
HDFC Life Insurance Company Ltd drops for fifth straight session
HDFC Life Insurance Company Ltd is quoting at Rs 566.75, down 1.58% on the day as on 13:19 IST on the NSE. The stock tumbled 28.23% in last one year as compared to a 5.59% slide in NIFTY and a 0.28% fall in the Nifty Financial Services index.
Maruti Suzuki's June sales soar over 19% to 2 lakh units on strong PV demand
Maruti Suzuki India witnessed a significant 19.3% surge in total sales for June, reaching 2,00,390 units. This impressive growth was fueled by strong domestic demand across passenger vehicles and light commercial vehicles, alongside a healthy increase in exports. The company saw notable jumps in sales for its mini, compact, mid-size, and utility vehicle segments, indicating robust consumer interest.
Indian financial system remains resilient as Bank NPA's at multi-decadal low of 1.8%: RBI FSR report
The Reserve Bank on Tuesday said Indian financial system remains resilient, underpinned by strong bank and non-bank balance sheets, as gross non-performing assets of banks have touched a multi-decadal low of 1.8 per cent at end-March 2026. The Indian banking sector continued to remain robust with adequate capital and liquidity buffers, and steady improvement in asset quality, the financial stability report stated. Macro stress test results showed that SCBs aggregate capital levels will continue to remain above the regulatory minimum, even under adverse stress scenarios. The NBFC sector remained robust with an improvement in asset quality alongside healthy capital and profitability ratios. Interconnectedness among different categories of financial entities, in terms of outstanding bilateral exposures, continued to grow. Despite repeated shocks, the global financial system has thus far demonstrated notable resilience, with markets remaining orderly after an initial bout of volatility ..
Silent winners! 43 stocks turned multibaggers even as Nifty went nowhere in 2 years
Despite the Nifty 50 showing minimal returns over two years, astute investors have witnessed significant wealth creation. Forty-three stocks have more than doubled investor wealth, with companies in defence, healthcare, and specialty chemicals leading the charge. This period highlights that market opportunities often lie beneath the surface of headline index movements, rewarding patient stock pickers.
Sensex rises over 150 points, Nifty above 23,900 as investors weigh Iran tensions, weak monsoon concerns
Indian stock markets opened the second half of 2026 with modest gains after recent declines. Investors are closely watching escalating US-Iran tensions, which are impacting oil prices, and a concerningly weak monsoon season. Analysts suggest adjusting portfolios towards fixed income and monsoon-proof sectors like healthcare and defense to mitigate potential fallout from the dry spell.
CCI Clears Aditya Birla-Led Consortium's Rs 16,660 Crore Buyout Of IPL Team RCB
In November last year, USL said it would conduct a strategic review of its investment in RCSPL, the entity that owns the IPL T20 team Royal Challengers Bengaluru.