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Jio Financial Services shares dip 3% as Q4 profit declines 14% YoY, but revenue soars 106%.
Jio Financial Services share price dropped 3% after it reported a 14% profit drop to Rs 272 crore for Q4 FY26, despite revenue soaring 106% to Rs 1,019 crore. Full-year income grew 78% to Rs 3,274 crore, with significant expansion in assets under management and payment value. The company recommended a Rs 0.60 dividend per share.
IFC, domestic funds back Brookfield India REIT’s Rs 2,600-cr QIP
Brookfield India Real Estate Trust is raising Rs 2,600 crore through a Qualified Institutional Placement. Major investors include IFC, Whiteoak Capital, HDFC Life Insurance, Axis Max Life Insurance, and PPFAS Mutual Fund. The funds will support acquisitions and debt repayment. This fundraising follows significant capital raised since 2023. The REIT has expanded its operational assets considerably.
PM should first release 'blocked' central funds before professing love for Bengal: Abhishek Banerjee
TMC leader Abhishek Banerjee urged Prime Minister Narendra Modi to release Rs 2 lakh crore in central dues to West Bengal before professing love for the state. He criticized "Modi's guarantee" as "zero guarantee" and highlighted Chief Minister Mamata Banerjee's commitment to her promises, contrasting it with alleged BJP inaction on development projects.
Mcap of 8 of top-10 most valued firms surges by Rs 1.87 lakh cr; Airtel biggest winner
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1,87,497.45 crore in a holiday-shortened last week, with Bharti Airtel emerging as the biggest gainer, in line with a positive trend in equities.
He quit IT job without telling family, fooled parents that he was on night shift WFH. Now, he is India’s first Rs 100 crore hattrick actor
Actor Pradeep Ranganathan's career is soaring. His latest film, Love Insurance Kompany, is currently running in theatres. An old video reveals his past struggles. He quit his IT job without telling his family. He worked on ad projects to survive. His mother supported him. This led to his film career breakthrough. Read on to know how he did all of it.
LNG tankers make U-turns from Hormuz as Iran keeps strait shut
Tankers carrying liquefied natural gas are now rerouting away from the Strait of Hormuz following Iran's warning that the key passage is effectively closed. This critical situation has led to a suspension of LNG shipments accounting for 20% of global supply, resulting in escalating prices and emerging shortages across Asian markets.
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Cabinet clears Rs 12,980 crore maritime insurance pool to cut costs
India is launching the Bharat Maritime Insurance Pool, backed by a substantial sovereign guarantee of over ₹12,980 crore. This strategic initiative aims to offer unwavering maritime insurance coverage for Indian vessels, encompassing all maritime risks and significantly decreasing dependency on international insurers.
Cabinet approves ₹12,980 crore sovereign-backed maritime insurance pool
The Union Cabinet, chaired by Narendra Modi, on Saturday approved a Sovereign Maritime Fund to provide insurance cover for Indian-flagged, India-bound and India-originating vessels. The move aims to strengthen maritime trade resilience, reduce reliance on foreign insurers, and safeguard shipping operations amid rising global uncertainties.
Cabinet meeting key decisions: Maritime insurance pool, DA hike for 1.18 crore government staff, new rail corridor among others
The Union Cabinet has approved significant decisions impacting infrastructure and social security. A new Bharat Maritime Insurance Pool will boost domestic capacity. Central government employees and pensioners will see a Dearness Allowance and Relief hike. The Pradhan Mantri Gram Sadak Yojana-III receives an extension. A new rail corridor in Uttar Pradesh is also cleared, enhancing connectivity.
Govt recognised over 55,200 startups in FY26
India has recognised more than 55,200 startups in FY26, a 51.6% rise over last year, while the direct jobs created by them increased 36.1%, the “highest” in a single year since the launch of the Startup India initiative in 2016, the government said on Friday.
Arohan Financial plans to file for IPO within a month
Microfinance firm Arohan Financial Services is preparing to file for a ₹1,400-crore IPO within a month, aiming for a ₹600 crore primary issue and ₹800 crore offer for sale. This move follows a recovery in the microfinance sector after significant asset quality stress over the past two years.
Stocks in news: Wipro, HUL, Angel One, Alembic Pharma, HDFC Life
Markets ended flat on Thursday after a volatile session, with analysts maintaining a positive outlook and recommending a buy-on-dips strategy. Key stocks like Wipro, HUL, Angel One, Alembic Pharma, and HDFC Life are in focus due to Q4 results and corporate actions.
HDFC Bank to invest Rs 1,000 cr in HDFC Life to boost solvency
HDFC Bank is injecting Rs 1,000 crore into HDFC Life Insurance. This investment will increase HDFC Bank's ownership to over 50%. The capital infusion aims to strengthen HDFC Life's financial position. The insurer's solvency ratio is expected to rise significantly. This move prepares HDFC Life for future growth and evolving regulations.
HDFC Life Q4 Results: HDFC Bank to increase stake in the company as profit rises 4% YoY
HDFC Life Insurance will issue shares worth one thousand crore rupees to promoter HDFC Bank. This move aims to strengthen the insurer's solvency and support future growth. The company reported a modest profit rise in the March quarter. Net premium income also saw an increase. The board recommended a final dividend for FY26.
8th Pay Commission update: NC-JCM seeks Rs 69,000 minimum basic pay, 3.83 fitment factor for employees, pensioners
8th pay commission NC-JCM memorandum: A minimum pay of Rs 69,000, fitment factor of 3.83, annual increment of 6%, merging 18 employee levels in the 7th Pay Commission into seven, minimum five promotions during service and restoring the Old Pension Scheme (OPS) are some of the 8th Pay Commission-related demands of the draft committee of National Council (Joint Consultative Machinery).
ICICI Lombard General Insurance shares in focus after Q4 net profit rises 7%. What are Morgan Stanley, HDFC Securities saying?
Shares of ICICI Lombard General Insurance Company are likely to be in focus after reporting stable Q4 FY26 performance, with profit after tax rising 7.3% year-on-year to Rs 547 crore. The company saw improved combined ratio, strong premium growth, and maintained a robust solvency position, while brokerages remained mixed on ratings and target prices.
Stocks in news: Wipro, Angel One, HDB Financial, Clean Max Enviro, M&M
In today's trade, shares of Wipro, Angel One, HDB Financial, Clean Max Enviro, M&M among others will be in focus due to various news developments and fourth quarter results.
Paytm’s cap table turns Indian: What changes now?
Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This shift is driven by increased participation from domestic institutional investors (DIIs).
LIC shares soar 5% after first-ever 1:1 bonus issue. Here’s everything you need to know
LIC shares surged over 5% on Wednesday after the insurer announced its first-ever 1:1 bonus issue, allowing shareholders to receive one additional share for each held. The move, backed by capitalisation of reserves, is subject to approvals and marks a key milestone since listing in 2022. The company said the bonus shares will be credited within 2 months of board approval, on or before June 12, 2026.
ICICI Prudential Life shares zoom 7% after Q4 profit surges 58%. Should you buy, sell or hold?
ICICI Prudential Life shares jumped 7% after the insurer reported a 58% YoY rise in Q4FY26 net profit to Rs 609 crore and announced a final dividend. For FY26, profit grew 35% to Rs 1,600 crore, aided by a stake sale. Net premium income rose 17%, driven by strong growth in one-time and renewal premiums.
Paytm becomes majority Indian-owned as domestic investors increase stake
The shift marks a structural change in ownership for the fintech firm, with domestic shareholding rising steadily in recent quarters, reflecting growing investor confidence.
ICICI Pru Life Q4 Results: Profit jumps 58% YoY to Rs 609 crore; premium growth steady
ICICI Prudential Life Insurance reported a 58% jump in March-quarter profit to Rs 609 crore, while FY26 profit rose 35% to Rs 1,600 crore. Premium growth remained strong, led by one-time policies. The insurer expects retail demand to benefit from tax cuts, though market-linked product demand may stay subdued amid ongoing volatility in equity markets.
Boosting Rs 1.8 cr retirement corpus to Rs 9.1 cr: How your 8% salary hike can easily increase your SIP by 20%
Boosting SIP investments beyond salary hikes can significantly amplify wealth creation. Increasing SIPs by 20% annually, compared to a flat investment or an 8% increase, can generate substantially larger corpuses over two decades. This strategy combats lifestyle inflation and enhances financial security.
Bajaj Group enters healthcare: Rs 2,500 crore investment for integrated network
The Bajaj Group is entering the healthcare sector with an initial investment of Rs 2,000-2,500 crore to build Bajaj Integrated Health Systems (BIHS). This new entity will focus on an integrated continuum of care, including hospitals, day clinics, and home services, aiming for a pan-India footprint within 10-15 years.
NCLT orders insolvency proceedings against Venugopal Dhoot as personal guarantor
Insolvency proceedings have begun against Venugopal Dhoot, former chairman of Videocon. The National Company Law Tribunal directed this action due to his default on loans totaling over Rs 6,157 crore. Dhoot acted as a personal guarantor for two Videocon group companies. The tribunal appointed a resolution professional to manage the process.
Insurance surety bonds data gaps under regulatory lens
In a proactive move to strengthen the financial landscape, Indian regulators are gearing up to close the reporting voids surrounding insurance surety bonds and private credit. Lenders have pointed out that these gaps represent a crucial weakness in credit data systems.
Ministries meet to put a cover on ships in war zone
Indian ministries are creating a sovereign-backed insurance plan. A $100 million Bharat Marine Pool is being formed by insurers to cover ships in war zones. This pool will act as the first layer of protection. A government guarantee will provide additional support. This initiative aims to safeguard international trade flows through sensitive shipping routes.
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