Karur Vysya Bank expects its total business to cross ₹3 trillion over the next four years, as the mid-sized private lender sharpens its focus on value-led growth, balance sheet quality, and scalable operations. The outlook was shared by B Ramesh Babu, managing director and chief executive officer of the bank, following his re-appointment for a third term till July 2028, which was approved by the board last month. Focus on Value, Not Just Volume Speaking about his priorities for the coming years, Babu said the bank will place sharper emphasis on where capital is sourced from and how effectively it…
Author: Adarsh Kumar
The Jammu and Kashmir government has generated ₹2,152 crore in revenue from liquor shop auctions over the last two financial years, while confirming that no new wine shops will be opened in FY27, according to official data shared by the administration. The revenue was earned through the auction of existing liquor vends under the Union Territory’s excise framework, with collections rising steadily year-on-year. Revenue Rises Across FY24 and FY25 In FY24 (2023–24), the government collected ₹1,03,462.49 lakh, while revenues increased to ₹1,11,816.07 lakh in FY25 (2024–25), taking the two-year total to approximately ₹2,152 crore. Officials attributed the growth to competitive…
State Bank of India reported a 13.06% year-on-year rise in consolidated net profit to ₹21,317 crore for the December quarter of FY26, supported by steady income growth, improved asset quality, and stronger capital buffers. In the year-ago period, the country’s largest lender had posted a consolidated profit of ₹18,853 crore, while profit in the preceding September quarter stood at ₹21,137 crore. Standalone Profit Jumps 24%, Income Crosses ₹1.4 Trillion On a standalone basis, SBI delivered a sharper performance, with net profit rising 24.48% YoY to ₹21,028 crore, compared to ₹16,891 crore in Q3 FY25. The bank’s total standalone income increased…
JK Tyre and Industries reported its highest-ever quarterly revenue of ₹4,223 crore in the third quarter of FY26, driven by strong demand across original equipment manufacturers (OEMs) and the replacement market, supported by festive season momentum and improving rural sentiment. The results mark a robust operating quarter for the tyre maker amid early signs of recovery in commercial vehicle demand and sustained traction in passenger vehicles. Domestic Business Leads Growth Momentum JK Tyre’s domestic business grew 16% year-on-year, with the OEM segment emerging as the key growth driver. OEM volumes expanded 27% YoY, reflecting improved automobile production and rising demand…
Gautam Adani-led Adani Group is planning a major expansion in Maharashtra’s Vidarbha region, with proposed investments of ₹70,000 crore across energy, logistics, and airport infrastructure, signalling a long-term commitment to the region’s industrial and economic development. The investment plan was outlined by Jeet Adani, director at Adani Airport Holdings and vice-president (finance) at the Adani Group, during Advantage Vidarbha Khasdar Audyogik Mahotsav 2026, an industry event organised by the Association of Industrial Development. Focus on Energy, Logistics and Airports Speaking at the event, Jeet Adani highlighted Vidarbha’s strategic importance within the group’s broader India growth strategy. He said the proposed…
Steel major Tata Steel delivered a sharp earnings rebound in the third quarter of FY26, reporting a 723.1% year-on-year jump in consolidated net profit to ₹2,688.7 crore, driven by improved operating performance and a better pricing environment. The company had posted a profit of ₹326.64 crore in Q3 FY25, reflecting the impact of weak steel prices and higher costs during the same period last year. Strong Earnings Recovery on Better Operations For the quarter ended December 2025, Tata Steel’s consolidated revenue rose 6.4% year-on-year, supported by stable demand across key markets and operational efficiencies across its India and overseas businesses.…
India’s foreign exchange reserves stood at $723.8 billion as of end-January 2026, reinforcing the country’s strong external sector position, Reserve Bank of India (RBI) Governor Sanjay Malhotra said during the latest Monetary Policy Committee (MPC) briefing. The elevated reserve levels come at a time of heightened global uncertainty, marked by volatile capital flows, geopolitical tensions, and shifting monetary policy expectations across advanced economies. Strong External Buffer Amid Global Uncertainty Speaking after the policy announcement, Governor Malhotra said India’s robust forex reserves provide a critical buffer against external shocks and enhance the central bank’s ability to manage volatility in the foreign…
Global amphibious aircraft manufacturer Amphibian Aerospace Industries (AAI) has entered into a strategic collaboration with India-based Apogee Aerospace to establish amphibious aviation as a critical operational and industrial capability in India. The partnership is centred on AAI’s Albatross 2.0 platform, the world’s first FAA- or EASA-certified transport category amphibious aircraft above 19 seats. The aircraft is certified to carry up to 28 passengers and is approved for registered passenger transport operations, positioning it for both civil and strategic use cases. Under the agreement, Apogee Aerospace has been appointed AAI’s exclusive authorised representative for the Indian subcontinent in the restricted category,…
Gurugram-based textile manufacturer Jain Cord Industries has raised ₹200 crore in its first institutional funding round, securing Series A capital from the Lohia Family Office, which operates under Indorama Capital Holdings Pte. Ltd., according to regulatory filings. As part of the transaction, Jain Cord Industries’ board issued 31,79,550 compulsorily convertible preference shares (CCPS) along with 100 equity shares at an issue price of ₹629 per share, taking the total fundraise to ₹200 crore, filings with the Registrar of Companies (RoC) show. the transaction values Jain Cord Industries at approximately ₹829 crore ($94.75 million) on a post-money basis. The company plans…
Private sector lender Federal Bank has received regulatory clearance for a significant equity infusion, after the Reserve Bank of India approved global private equity firm Blackstone to acquire an up to 9.99% stake in the bank. In a regulatory filing on Thursday, Federal Bank said Blackstone will invest ₹6,196.51 crore through its affiliate Asia II Topco XIII Pte Ltd via a preferential issue on a private placement basis. As per an earlier shareholder approval granted in October 2025, the bank plans to issue up to 272.97 million warrants, each convertible into one fully paid-up equity share with a face value…