Banking And Finance
Credit card profit pool shrinks as revolvers evolve
MUMBAI: A structural shift in how Indians use credit cards is quietly squeezing profitability for banks in the segment. The share of revolvers-customers who carry balances and pay interest-have declined…
ITR filing 2026: What salaried employees should check in AIS and Form 26AS before submitting returns
As the income tax return (ITR) filing season for the assessment year 2026-27 begins, salaried employees are advised to review details available in their Annual Information Statement (AIS) and Form…
High equity taxes dampen market sentiment amid FII outflows, West Asia war: What should investors do?
Investor sentiment in Indian equities continues to be shaped by a combination of factors, including the current geopolitical turmoil in the Middle East, persistent foreign institutional investor (FII) outflows, and…
Market
Adani Group shares up 3.5% as US drops criminal charges against Gautam Adani
Shares of Adani Group companies traded in a positive stance on Tuesday, rising up to 3.5 per cent in early trade after the US Department of Justice permanently dropped all…
India bonds poised for muted opening moves as oil, Treasury yields still high
Indian government bonds are expected to barely move in early trades on Tuesday, as oil prices and Treasury yields remain elevated, even as they did not add to their gains.…
IT stocks lead Nifty, Sensex higher as geopolitical fears ease
Markets opened in the green on Tuesday, May 19, with the Sensex and Nifty rising on the back of a sharp rally in information technology stocks and easing geopolitical concerns…
Rupee falls 18 paise to 96.38 against US dollar in early trade
The rupee opened with a negative bias amid a strong dollar and rising US treasury yields and depreciated 18 paise to 96.38 against the US dollar as market sentiments continue…
Market
Nayara Energy restarts operations after maintenance shutdown
Nayara Energy has resumed operations at its 400,000 barrels-per-day Vadinar refinery after a maintenance shutdown, two sources with knowledge of the matter said. * The refinery resumed operations last week…
Apollo Tyres bets ₹3,500 crore on expansion as rubber spike and Dutch plant closure test margins
is pressing ahead with a ₹3,500-crore expansion plan even as surging rubber prices and the closure of its last manufacturing plant in threaten to squeeze margins after the company delivered…
‘Replacing lower-value human capital’: Standard Chartered plans over 7,800 job cuts by 2030 amid AI, profitability push
London-headquartered bank has announced plans to cut more than 15% job roles by 2030 as it scales usage of artificial intelligence (AI) to streamline processes, Bloomberg has reported. The are…
Indian Oil posts 56% jump in Q4 profit to Rs 11,377 crore on strong margins
Indian Oil Corporation Ltd (IOC) on Monday reported a 56 per cent jump in its March quarter net profit, aided by healthy marketing and refining margins before the full impact…
Axis
