Blog

Kotak Mahindra Bank reported a 26% year-on-year increase in standalone net profit to ₹4,123 crore for the first quarter of FY27, supported by lower credit provisions, healthy loan growth and higher fee income. The bank's consolidated net profit rose 23% to ₹5,480 crore during the April-June quarter, according to its unaudited financial results approved by the board on July 18. Net interest income (NII) grew 9% year-on-year to ₹7,928 crore, while operating profit increased 10% to ₹6,131 crore. Fee and services income rose 11% to ₹2,500 crore. Provisions declined sharply by 45% to ₹668 crore, helping improve profitability despite a…

ABD Maestro Pvt. Ltd., the super-premium and luxury spirits subsidiary of Allied Blenders & Distillers Limited (ABD), has entered the Telangana market with the launch of three award-winning whisky brands — AODH Irish Whiskey, WOODBURNS Contemporary Rare Indian Whisky and YELLO Designer Whisky. The company, co-founded by Bollywood actor Ranveer Singh, unveiled the products at a launch event in Hyderabad on Monday. The launch marks ABD Maestro's expansion into Telangana's growing premium spirits segment, with the company targeting consumers seeking high-quality and craft-driven alcoholic beverages. The three whiskies are now available at leading retail outlets in Hyderabad and will also…

Veda Rehabilitation & Wellness has expanded its presence in India with the launch of a luxury mental health, addiction recovery and holistic wellness retreat in Sikkim, marking its fourth centre after Mumbai, Delhi and Bengaluru. Nestled in the Rumtek Hills, the new facility is designed to support individuals dealing with addiction, burnout, behavioural addictions and other mental health concerns through an immersive recovery programme that combines evidence-based clinical care with nature and holistic wellness practices. The launch comes at a time when awareness of mental health and substance dependence is increasing across India, prompting more individuals and families to seek…

Shares of Chinese memory chip giant ChangXin Memory Technologies (CXMT) skyrocketed more than 500% during their Shanghai stock market debut, propelling the semiconductor manufacturer to become the most valuable publicly listed company in mainland China. The explosive market entry followed Asia's largest initial public offering of the year, raising $8.6 billion as investor demand overwhelmed available shares. CXMT’s dramatic surge pushed its market capitalization past 3.6 trillion yuan ($539 billion), briefly eclipsing major state-backed banking titans like the Industrial and Commercial Bank of China. The dynamic random-access memory (DRAM) producer has drawn widespread international attention amid reports that tech giant…

UltraTech Cement, India’s largest cement producer by capacity, is planning to raise ₹5,000 crore through rupee-denominated bonds, which could become the company’s biggest bond fundraising exercise in the domestic debt market. According to banking sources, the company is in discussions with merchant bankers and arrangers to tap the bond market ahead of the Reserve Bank of India’s upcoming policy decision. The proposed fundraising is expected to be used to strengthen the company’s financial position and support its business requirements. The planned bond issue will be divided into three maturity periods — two-and-a-half years, three-and-a-half years, and five years. UltraTech Cement…

As more Indians gain the financial ability to spend on premium experiences, the real marker of privilege is shifting from affordability to assured access, according to Kotak Mahindra Bank. The bank said rising demand for concerts, exclusive dining experiences and cultural events is outpacing availability, making certainty of participation a key differentiator for affluent consumers. Traditionally, premium credit cards signalled exclusivity through benefits such as airport lounge access, concierge services, golf privileges and reward points. However, Kotak said these features are gradually losing their distinctiveness as they become more widely available. Instead, consumers are increasingly valuing experiences that are exclusive,…

Škoda Auto India has expanded the appeal of its premium sedan lineup by introducing two new exclusive dual-tone colour options—Shimla Green and Steel Grey—for the Slavia Monte Carlo. The limited-edition variants will be restricted to just 200 units and will be available with both the 1.0-litre TSI automatic and 1.5-litre TSI DSG automatic powertrains, the company announced. The latest addition aims to strengthen the Slavia Monte Carlo's premium positioning by offering customers greater exclusivity while retaining the model's sporty styling, blacked-out exterior elements, signature Monte Carlo design cues, black-and-red cabin theme and feature-rich interior. Brand Director Ashish Gupta said the…

A student from West Bengal has secured an international software engineering internship through campus recruitment, highlighting the growing demand for industry-ready technology talent from specialised institutions. SourashisSarkar, a native of Barrackpore and a student of Scaler School of Technology (SST), landed a three-month on-site internship at Singapore-based HealthTech startup Neurowyzr with a monthly stipend of 3,000 Singapore Dollars, approximately Rs 2 lakh. Sourashis developed an interest in computer science during the COVID-19 pandemic by learning coding independently before pursuing an industry-focused undergraduate programme at SST. Through multiple internships and participation in hackathons, he strengthened his expertise in data structures, algorithms…