IndiGo’s December-quarter profit plunged 75% after cancelling thousands of flights, taking a Rs 577 crore exceptional hit. Operational lapses, refunds and labour code costs hurt earnings, though ticket and ancillary revenues still grew amid regulatory scrutiny and market volatility concerns.Read More
Goldman Sachs outlines five key investor questions ahead of the Union Budget FY27, flagging slower fiscal consolidation, constrained spending flexibility, defence-led priorities and sustained borrowing pressures, even as India stays broadly on track with deficit and debt reduction goals.Read More
Realty firm TVS Emerald has raised Rs 425 crore in equity funding from the International Finance Corporation (IFC) to fund its new housing projects.Read More
Indian government bonds gained for a third straight session on Thursday as traders grew more confident of central bank buying support and ahead of another reduction in state debt auctions next week.Read More
Indian information technology company Mphasis reported third-quarter revenue in line with estimates on Thursday, with banking and financial services clients resuming spending on technology amid better macroeconomic and policy clarity.Read More
Indian markets snapped a three-day losing streak as Nifty and Sensex closed higher. Stocks like Gokaldas Exports, CreditAccess Grameen and Amagi gained, while IIFL Finance and PNB Housing fell sharply despite earnings updates.Read More
ixigo (Le Travenues Technology Limited) on Thursday reported 54.11 per cent rise in consolidated net profit for December quarter at Rs 23.95 crore, driven by higher revenue from operations including flight, train, and bus ticketing services.Read More
Ujjivan Small Finance Bank posted a strong Q3 performance, reporting its highest-ever net interest income of Rs 1,000 crore and a 71% jump in profit to Rs 186 crore. Improved collection efficiency and easing microfinance stress reduced provisioning needs, while a rising share of secured loans bolstered asset quality and profitability.Read More
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