business growth

Following the Supreme Court's rejection of JSW's acquisition of Bhushan Power & Steel due to irregularities, lenders, including Punjab National Bank, are set to decide on their next steps. PNB, having received approximately Rs 3,000 crore from the BPSL transaction, reported a significant jump in net profit, driven by business growth and recoveries. The bank plans further expansion with new branches and staff recruitment.

India's services sector started fiscal year 26 strongly, with April's PMI reaching 58.7, driven by increased demand and new orders. The finance and insurance sectors led growth, while new export orders surged, particularly from the US, Asia, Europe, and the Middle East. Although input prices rose moderately, firms increased selling prices.

Alembic Pharmaceuticals experienced a 12.1% dip in Q4 net profit, reaching Rs 156.63 crore, despite a 16.7% surge in revenue to Rs 1,769.64 crore. While India formulations and US revenue showed growth, the company's full-year revenue increased by 7% to Rs 6,672 crore. Despite the profit decline, the company remains optimistic about sustained growth across various segments.

Punjab National Bank (PNB) witnessed a significant surge in profitability, reporting a 52% increase in net profit to Rs 4,567 crore for the March quarter of FY25. The bank's asset quality improved, with gross NPAs declining to 3.95%. Bolstered by strong performance, the board recommended a dividend and approved raising up to Rs 8,000 crore through Basel III-compliant bonds.

Microsoft reported strong Q1 earnings, exceeding expectations with $70.1 billion in revenue and a 18% profit surge. Cloud and AI divisions drove growth, with a 21% increase in cloud revenue. Despite economic volatility, Microsoft's performance boosted investor confidence, with shares rebounding after the earnings release, signaling optimism in the tech sector.

India's manufacturing sector experienced robust growth in April, marked by the fastest output increase since June 2024. The HSBC India Manufacturing PMI climbed to 58.2, signaling the strongest improvement in ten months. A significant surge in exports, driven by rising international demand and potentially influenced by global trade tensions, fueled this expansion.

SBI aims to maintain a RoA above 1% in FY26 despite margin pressures from softening interest rates, targeting a RoE over 15%. The bank reported strong FY25 results, with RoA improving to 1.10% and net profit rising 16% to ₹70,901 crore. SBI focuses on asset quality, reducing gross NPAs to 1.82% and net NPAs to 0.47%.

After three years of negotiations, India and the UK have finalized a trade agreement that eliminates tariffs on 99% of Indian exports and reduces duties on 90% of tariff lines. The deal includes exemptions from social security contributions for Indian workers on temporary visas, potentially saving them around 20% of their salary. PM Modi highlighted the agreement's potential to boost trade, investment, and job creation in both economies.

Coforge, an IT services firm, witnesses a surge in its financial performance. The company's net profit reached Rupees 261 crore for the March quarter. Revenue from operations stood at Rupees 3,410 crore. The company secured an order intake of USD 2.1 billion. For the full fiscal year, net profit was Rupees 812 crore. Annual revenue climbed to Rupees 12,051 crore.

Tata AIG General Insurance aims to capture 5% of the retail health market share in Telangana and Andhra Pradesh within two years, fueled by a 3X growth in the past year. The insurer plans to add 15,000 distribution partners to expand its reach.

Tata AIG General Insurance aims to increase its market share in Telangana and Andhra Pradesh to 5% within two years, building on a 3X growth in its retail health portfolio. The insurer plans to add 15,000 distribution partners to achieve this goal.

Astrology enthusiasts believe that zodiac signs influence financial success. In 2025, Taurus, Leo, Virgo, Scorpio, and Capricorn are poised for prosperity. Taurus benefits from Venus's influence, while Leo's talents shine. Virgo's analytical skills lead to wise investments, Scorpio's determination attracts wealth, and Capricorn's discipline ensures long-term financial gains through strategic planning.

Brokerage firms offer varied outlooks on Indian companies. Morgan Stanley remains positive on Axis Bank despite muted earnings, while Jefferies highlights SBI Life's strong new business growth. Goldman Sachs sees improvement for SBI Cards, but Citigroup is cautious on Tech Mahindra due to high expectations. HSBC suggests reducing Rallis India due to missed estimates and pricing pressures.

India and the UK have finalized the Free Trade Agreement (FTA) and Double Contribution Convention on Tuesday, hailed by Commerce Minister Piyush Goyal as a progressive step towards growth and innovation. Prime Minister Modi and UK Prime Minister Keir Starmer acknowledged the agreement's potential to enhance trade, investment, and employment.

Reddit CEO Steve Huffman, upon his return in 2015, initiated a cultural overhaul, prioritizing business objectives and productivity over excessive idealism. Huffman addressed what he saw as an entitlement issue prevalent in Silicon Valley, urging employees to work harder.

The India-UK Free Trade Agreement is set to significantly benefit India's textile sector. Industry leaders anticipate increased exports and a stronger presence in the UK market. The agreement will create new opportunities for exporters and boost employment. Reduced tariffs are expected to drive demand for Indian textiles. Investment and ease of doing business are also likely to improve.