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26 Jul

SBI Cards Q1 results: Net profit decrease 6%, revenue rises 12%; asset quality stable

Business CorrespondentBusiness, News

SBI Cards on Friday, July 25, reported a net profit of ₹556 crore for the current financial year (Q1 FY26), down 6.4% from ₹594 crore in the same period last year. SBI Cards' total income from operations rose 12% to ₹4,877 crore as against ₹3,683 crore in the same period a year ago. The company's interest income grew 11% year-on-year to ₹2,493 crore and income from fees and commissions grew 14% to ₹2,191 crore. The company's cards-in-force (CIF), i.e. the total number of credit and debit cards currently active and being used by cardholders at a financial institution, grew 10%…

26 Jul

98 Households Of Riew Village Back 11,000 mw Siang Upper Multipurpose Project

Purbalee DuttaNews, North East

In a significant development, 98 households from Riew village in Siang district have agreed to the preparation of a pre-feasibility report (PFR) for the 11,000 MW Siang Upper Multipurpose Project (SUMP). A memorandum of understanding (MoU) was signed on Friday in the presence of Deputy Chief Minister Chowna Mein, Cabinet Minister Ojing Tasing, Chief Secretary Manish Kumar Gupta, Siang Deputy Commissioner PN Thungon, and Riew villagers. Officials noted that Riew is the second-largest village in the Siang region, and the consenting households make up about 62% of its population—signaling a shift in local sentiment towards the once-contested mega-dam project. Earlier…

25 Jul

Coriander futures prices increase on higher demand

Business CorrespondentBusiness, News

New Delhi: Coriander prices rose by Rs 30 to Rs 7,670 per quintal in futures trade on Friday as speculators raised their bets in anticipation of a firm trend in the spot market. At the NCDEX, coriander contracts for August delivery rose by Rs 30, or 0.39 percent, to Rs 7,670 per quintal in a business turnover of 14,710 lots. Market analysts said coriander prices rose on a firm trend in the spot market and restricted supplies from producing regions.

24 Jul

Gold futures prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Gold prices rose marginally to Rs 1,00,330 per 10 grams in futures trade on Wednesday as speculators created new deals due to strong spot demand. Gold contracts for August delivery rose by Rs 1 to Rs 1,00,330 per 10 grams on the Multi Commodity Exchange, with 16,073 lots traded. Analysts said gold prices rose as participants created new deals. Globally, gold futures in New York fell 0.11 percent to $3,427.74 an ounce.

23 Jul

Crude oil prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Crude oil prices rose by Rs 21 to Rs 5,667 per barrel in futures trade on Wednesday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 21 or 0.37 percent to Rs 5,667 per barrel in a business of 11,595 lots. Analysts said crude oil prices rose in futures trade as participants increased their deals. Globally, West Texas Intermediate crude was trading 0.26 percent higher at $65.48 per barrel in New York, while Brent crude rose 0.25 percent…

23 Jul

Villagers Resent Government’s Inaction On Anti-River Erosion Measures

Purbalee DuttaNews, North East

Residents of Namsing and Mer villages in East Siang district have voiced strong dissatisfaction over the government’s alleged failure to implement effective anti-erosion measures against the Siang river’s destruction. According to Mebo-II ZPM Gumin Tayeng, more than 50 hectares of fertile farmland have been lost to river erosion since last year—around 20 hectares in Namsing and 30 hectares in Mer village. Tayeng stated that farmers are left helpless as erosion continues unchecked, with no substantial response from the authorities. Reports highlight that erosion in Mer village’s lower Mebo (Monggu Banggo) area has become increasingly severe. Floodwaters have also damaged standing…

22 Jul

Zinc futures prices increase on strong demand

Business CorrespondentBusiness, News

New Delhi, Zinc prices rose by 15 paise to Rs 267.50 per kg in futures trade on Tuesday amid strong spot demand. At the Multi Commodity Exchange, the price of zinc contract for August delivery rose 15 paise or 0.06 per cent to Rs 267.50 per kg in a business turnover of 2,579 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a pick-up in demand from consumer industries, market sources said.

22 Jul

Arunachal Bags 12 Medals At Wako India National Kickboxing Championship

Purbalee DuttaArunachal Pradesh, News

Arunachal Pradesh showcased a commendable performance at the Wako India Seniors & Masters National Kickboxing Championship 2025, held in Raipur, Chhattisgarh, by bagging a total of 12 medals — three gold, three silver, and six bronze. Gold medals were clinched by Rantu Sonowal in the -57kg K1 category, Bishal Mura in the -54kg low-kick event, and Licha Sep in the -65kg light contact category. Impressively, Sep also earned a bronze in the point fight event, as per the Kickboxing Association of Arunachal (KAA). The silver medal winners included Robin Deori (-67kg) and Jipe Lombi (-54kg) in K1, and Bem Tada…

21 Jul

LIC grow stake in State Bank of India to 9.49%

Business CorrespondentBusiness, News

Life Insurance Corporation of India (LIC) on Monday, July 21, said that the company has raised its stake in State Bank of India through a qualified institutional placement (QIP). The insurance giant has raised its stake to 9.49% from 9.21% earlier. LIC said in a regulatory filing on Monday, "...You are hereby informed that Life Insurance Corporation of India ("Corporation") has increased its shareholding in the equity shares of State Bank of India ("SBI") from 81,465,986.9 to 87,585,938.0 i.e. from 9.21% to 9.49% of the paid-up capital of SBI." On Monday, LIC shares closed marginally higher by 0.63% at ₹928.95…

19 Jul

Indian Overseas Bank Q1 results: Net profit gain 76% y-o-y to ₹1,111 crore; net profit (NII) up 13%

Business CorrespondentBusiness, News

Indian Overseas Bank (IOB) reported a 75.56% rise in its standalone net profit y-o-y to ₹1,111 crore in the June quarter of FY 2025-26 (Q1 FY26). Its profit stood at ₹632.8 crore in the same period a year ago. The bank's net interest income jumped 13% y-o-y to ₹2,747 crore in the quarter under review, as against ₹2,441 crore in Q1 FY25. Its net interest turnover grew to ₹2,746 crore in the June quarter of FY26, up 12.4% from ₹305 crore in the first quarter of FY25 to 10.8%. The asset quality of this publicly owned company has improved, with…