Business Bureau

State Bank of India (SBI) on Friday reported its highest-ever quarterly net profit of ₹21,121 crore for the April-June quarter of FY27, registering a 10.23 per cent year-on-year growth, driven by higher operating profit, strong credit growth and lower credit costs. The country's largest lender also posted a 9.77 per cent rise in operating profit to ₹33,529 crore, while net interest income (NII) grew 14.88 per cent to ₹46,992 crore. The bank's total business crossed the ₹110 lakh crore milestone during the quarter, with deposits exceeding ₹60 lakh crore and advances crossing ₹50 lakh crore. Whole bank advances grew 18.63…

Turkish Airlines carried 9.5 million passengers in July 2026, recording a total load factor of 86.5%, as the airline continued to see growth in passenger and cargo traffic. According to the airline’s July traffic results, international load factor stood at 86.2%, while domestic load factor was 89.1%. Available seat kilometres (ASK) rose 2.7% year-on-year to 25.7 billion during the month, compared with 25 billion in July 2025. Cargo and mail volumes also increased 4.9% to 203.1 thousand tonnes. For the January-July 2026 period, Turkish Airlines carried 54 million passengers, up 5.4% from the corresponding period last year. Total load factor…

Kotak Mahindra Bank on Monday launched a Hybrid Home Loan that allows eligible borrowers to lock their home loan interest rate and EMI for 39, 52 or 65 months, offering protection against Repo Rate-linked increases during the selected fixed-rate period. The product is designed to give homebuyers greater visibility over household finances during the initial years of home ownership, when families may also be managing expenses related to interiors, education, savings and other commitments. After the fixed period, the loan will automatically shift to a floating-rate structure linked to the Repo Rate plus a predefined spread disclosed at the time…

Tally Solutions has honoured 12 tax and accounting professionals from Guwahati for their contribution to accelerating technology adoption and improving accounting and compliance practices among micro, small and medium enterprises (MSMEs). The professionals were recognised at Tally’s ‘Tax and Accounting Titans’ event across three categories — Accounting Maestro, Emerging Star and Tech Innovator. The Accounting Maestro category recognised professionals with more than 15 years of experience serving MSMEs, while Emerging Star honoured GST practitioners with less than five years of practice. The Tech Innovator category recognised professionals using modern technology to improve service delivery and business efficiency. The awardees were…

Swedish beauty and wellbeing company Oriflame has released a new whitepaper titled *Beyond Anti-ageing: How Longevity Science Is Changing Beauty*, highlighting how advances in longevity science are reshaping the skincare industry by moving the focus from reducing visible signs of ageing to supporting lifelong skin health and wellbeing. The publication comes as the United Nations projects that the global population aged 80 years and above will triple by 2050, while many children born today are expected to live into their 90s. Against this backdrop, the whitepaper argues that the beauty industry must increasingly prioritise healthspan alongside lifespan through science-backed and…

Audio technology brand Sennheiser has announced discounts of up to 60 per cent across a range of premium audio products as part of the Amazon Great Freedom Sale 2026, which begins on August 7. The company said customers will also be able to avail No Cost EMI for up to 24 months along with select bank offers during the sale. Among the featured products is the IE 100 PRO in-ear monitor, priced at Rs 6,799 with additional bank discounts. The MOMENTUM 4 wireless headphones will be available at an offer price of Rs 18,990 against an MRP of Rs 34,990,…

SRM University Sikkim has opened admissions for its 2026 batch of online undergraduate and postgraduate degree programmes, offering Bachelor of Business Administration (BBA), Bachelor of Computer Applications (BCA), Master of Business Administration (MBA) and Master of Computer Applications (MCA) courses through its Centre for Distance and Online Education (CDOE). The university said the programmes are approved by the University Grants Commission's Distance Education Bureau (UGC-DEB) and backed by a NAAC A+ accreditation, making them equivalent to traditional on-campus degrees. Graduates will also receive lifetime access to the SRM University Sikkim alumni network. The online courses feature industry-focused curricula with specialisations…

Turkish Airlines reported a net profit of USD 197 million in the second quarter of 2026, overcoming the adverse impact of the ongoing conflict in the Middle East through dynamic capacity management, higher passenger demand and strong cargo performance. The airline's total revenue rose 20.5 per cent year-on-year to USD 7.2 billion, while cargo revenue surged 58 per cent to nearly USD 1.3 billion as Turkish Cargo capitalised on increased global demand despite disruptions in air freight capacity. The carrier said its EBITDAR margin reached 12.6 per cent, exceeding its guidance of 8 per cent, while passenger load factor climbed…

The growing consumer preference for health-focused beverages is driving demand for functional teas, with brands introducing products that align with everyday wellness habits rather than quick-fix health solutions. Industry observers note that green tea continues to gain popularity as consumers increasingly seek beverages that offer added nutritional or functional benefits while fitting seamlessly into their daily routines. Building on this trend, Tetley has introduced Tetley Green Tea Slim Care, a functional green tea that combines premium green tea with added L-Carnitine. The product is designed to help reduce body fat when consumed alongside a balanced diet and regular physical activity.…

External Affairs Minister Dr. S. Jaishankar has outlined a future roadmap to strengthen India’s strategic partnership with Africa, reaffirming New Delhi’s commitment to expanding cooperation in trade, investment, development, defence and food security. He shared the vision while addressing African Heads of Mission and senior diplomats during the Africa Day 2026 celebrations held in the national capital on August 5. According to the Ministry of External Affairs, Dr. Jaishankar highlighted the historical and ideological foundations of India-Africa ties, recalling the shared struggle against colonialism and the enduring bond forged through the pursuit of freedom and human dignity. He said India…