MUMBAI: SBI said that its Rs 25,000-crore qualified institutional placement was subscribed 4.5 times with two-thirds bids (64.3%) coming from global investors, who were allotted one-third of the issue. Domestic investors, led by LIC, got two-thirds. LIC’s stake in SBI has risen by 28 percentage points to 9.21% after the QIP, indicating it invested Rs…
BENGALURU: Eternal-the listed parent of Zomato – posted a net profit of Rs 25 crore, an over 90% decline from Rs 253 crore in the year-ago period, due to increased investments in Blinkit and other emerging segments. Eternal reported a 70% year-on-year increase in consolidated revenue to Rs 7,167 crore for the quarter. Source link
Eternal, the parent company of Zomato and Blinkit, on Monday reported a sharp 90% year-on-year decline in consolidated net profit for Q1FY26 at Rs 25 crore, down from Rs 253 crore in the same quarter last year.Revenue from operations, however, soared 70% to Rs 7,167 crore compared to Rs 4,206 crore in Q1FY25, according to…
Reliance Industries (RIL) fell 2.7% to Rs 1,436.85 on the BSE on Monday, despite the company posting its highest-ever quarterly profit of Rs 30,783 crore for Q1FY26. The strong earnings were boosted by a one-time gain from the Rs 8,924 crore sale of its stake in Asian Paints and lower interest and tax outgo. However,…
Crypto thefts have crossed a staggering $2.17 billion in the first half of 2025, already eclipsing the full-year toll of 2024, according to blockchain analytics firm Chainalysis. The sharp spike in crypto-related crime highlights growing vulnerabilities in digital asset platforms, with large-scale, sophisticated attacks becoming increasingly frequent.The figure, which excludes last week’s $44.2 million (Rs…
Markets regulator Sebi has once again warned investors against dabba trading, calling it illegal and urging the public to remain alert and avoid dealing with entities offering such unauthorised trading services.In a statement issued on Monday, Sebi said, “It is reiterated that dabba trading is illegal, and Sebi is committed to safeguarding investor interests through…
Senior citizens looking for higher returns on their fixed deposits (FDs) can still earn up to 8.5% interest on three-year tenures, as several small finance banks continue to offer elevated rates. However, investors should be aware of tax implications like TDS and how to avoid it using Form 15H.As per data from Paisabazaar.com, as reported…
Jammu and Kashmir Chief Minister Omar Abdullah has urged the Centre to clear two long-pending water infrastructure projects—the Tulbul Navigation Barrage in north Kashmir and a Chenab River water-lifting scheme for Jammu—after New Delhi suspended the 1960 Indus Waters Treaty (IWT) in response to Pakistan-aided terrorism.The Centre’s move came in the wake of the April…
The central government has initiated consultations with key stakeholders including states, the Ministry of Defence, the Ministry of Home Affairs, and the Department of Personnel and Training for the constitution of the 8th Central Pay Commission (CPC), the Finance Ministry informed Parliament on Monday.The Union Cabinet had approved the setting up of the 8th CPC…
Prime Minister Narendra Modi will travel to London on July 24 for the signing of the free trade agreement (FTA) between India and the United Kingdom, PTI reported on Monday citing an official. Commerce and Industry Minister Piyush Goyal will accompany him during the visit.The two countries had announced the conclusion of negotiations for the…