Union Bank of India's net profit rose 13.7% to ₹3,679 crore in Q1 FY24, but the bank flagged challenges on net interest margins due to higher deposit costs.

Indian stock markets surged to new highs on Monday, driven by strong gains in PSU bank shares and fresh foreign fund inflows. The Sensex closed at 80,664.86, while Nifty settled at 24,586.70.

The Indian government is expected to introduce amendments to banking laws during the upcoming Budget session to push banking sector reforms, including privatisation of public sector banks.

NCLAT delays insolvency proceedings against Supertech Realtors, pending lenders' decision on a revised settlement offer. The Supernova project, under construction, will continue under IRP supervision.

SBI introduces 'MSME Sahaj', an end-to-end digital invoice financing solution designed to streamline and expedite financing for small businesses.

Jawaharlal Nehru Port Authority (JNPA) will develop a Rs 285 crore agri-commodity processing and storage facility at the port to serve Maharashtra and other states. This initiative, a...

Private equity and venture capital investments in India rose 8% to USD 31.5 billion in the first half of 2024, driven by a surge in deal volume and large transactions, according to a report by IVCA...

An IndiGo flight from Abu Dhabi to Delhi was diverted to Muscat on Monday due to a technical issue. The airline is providing hotel accommodation and alternative arrangements for passengers.

Small Industries Development Bank of India (Sidbi) receives USD 215.6 million loan from Green Climate Fund for implementing climate-resilient projects in Indian MSMEs.

Jana Small Finance Bank reported an 89% jump in Q1 net profit to Rs 171 crore, driven by strong loan growth and stable margins. Gross NPA ratio rose to 2.62% from 2.11% in the previous quarter.

India's Finance Minister will present the 2024 Budget, focusing on 'Viksit Bharat'. Key areas include fiscal deficit, capital expenditure, tax revenue, and GST.

Jawaharlal Nehru Port Authority (JNPA) will develop a Rs 285 crore agri-commodity processing and storage facility at the port to serve Maharashtra and other states. This initiative, a...

Private equity and venture capital investments in India rose 8% to USD 31.5 billion in the first half of 2024, driven by a surge in deal volume and large transactions, according to a report by IVCA...

Integra Essentia's net profit rose to Rs 2.45 crore in the June quarter, driven by increased revenue. The company's total income reached Rs 88.09 crore.

An IndiGo flight from Abu Dhabi to Delhi was diverted to Muscat on Monday due to a technical issue. The airline is providing hotel accommodation and alternative arrangements for passengers.