Business - The Purbottar

25 Jul

AU Small Finance Bank Reports ₹796 Crore Q1 Profit, Up 37%

nanika EditorBusiness

AU Small Finance Bank reported a strong financial performance for the first quarter ended June 2026 (Q1 FY27), posting a 37% year-on-year increase in net profit to ₹796 crore. The growth was driven by higher net interest income (NII) and lower provisions, although profit declined 4% on a sequential basis. The bank's NII rose 32% year-on-year to ₹2,695 crore, supported by healthy growth in advances. However, other income declined 15% to ₹689 crore during the quarter. Net interest margin (NIM), a key profitability indicator, improved by 59 basis points year-on-year to 5.9%, though it moderated by 7 basis points compared…

25 Jul

Maaza marks 50 years with special postal cover, honours mango farmers

Business BureauBusiness

Coca-Cola India, in collaboration with the Department of Posts, on Thursday released a commemorative Special Cover to mark the 50th anniversary of Maaza, celebrating the beverage brand’s five-decade association with Indian mangoes. The release coincided with National Mango Day, during which mango farmers associated with Project Unnati by Anandana – The Coca-Cola India Foundation were also felicitated for their contribution to preserving India’s mango heritage. The Special Cover was unveiled by Union Minister for Food Processing Industries and Department of Posts, ChiragPaswan, in the presence of senior officials from the Department of Posts, Coca-Cola India, bottling partners, mango supplier Foods…

25 Jul

ABD posts steady Q1 profit growth as premiumisation strategy drives performance

Business BureauBusiness

Allied Blenders and Distillers Ltd (ABD) reported steady financial performance for the first quarter of FY27, with growth in revenue and profitability on a standalone basis, supported by continued premiumisation, higher sales of premium brands and strategic investments in its luxury portfolio. The company reported standalone income from operations of ₹975 crore for Q1FY27, up 5.3 per cent from ₹926 crore a year earlier. Standalone EBITDA rose 14.4 per cent to ₹140 crore, while profit after tax (PAT) increased 11.9 per cent to ₹68 crore. On a consolidated basis, income from operations grew 5.8 per cent to ₹984 crore, while…

25 Jul

Global Oil Prices Surge Over 25% in Two Weeks as Middle East Conflict Escalates

anuprova EditorBusiness

Global crude oil benchmarks have soared more than 25% over the past two weeks, fueled by a sharp escalation in Middle East hostilities following the collapse of a recent interim peace agreement between the United States and Iran. The dramatic price surge reflects growing fears of severe global energy supply disruptions, as military actions and proxy strikes threaten two of the world's most critical maritime oil transit chokepoints—the Strait of Hormuz and the Bab el-Mandeb Strait. The rapid rise in energy costs has sent shockwaves through global financial markets, rekindling inflationary anxieties and sparking a sharp sell-off in government bonds…

25 Jul

Axis Trustee expands GIFT City footprint with new office to boost cross-border financial services

Business BureauBusiness

Axis Trustee Services Limited (ATSL), a wholly owned subsidiary of Axis Bank, has expanded its presence in Gujarat International Finance Tec-City (GIFT City) with the inauguration of a new office aimed at strengthening its role in India's growing international financial services ecosystem. The new office was inaugurated in the presence of PradeepRamakrishnan, Executive Director of the International Financial Services Centres Authority (IFSCA), BipinSaraf, Chairman of Axis Trustee Services Limited, and Rahul Choudhary, Managing Director and Chief Executive Officer of ATSL. The company said the expansion will enhance its ability to support financial institutions, issuers, fund managers and investors operating in…

25 Jul

Netflix unveils trailer for Operation SafedSagarahead of August 7 premiere

Business BureauBusiness

Netflix on Monday unveiled the trailer of Operation SafedSagar, a military drama inspired by the Indian Air Force's role during the 1999 Kargil War, with the series scheduled to premiere on August 7. Based on real events, the show highlights the untold story of the Golden Arrows Squadron, whose high-altitude mission during Operation SafedSagar became a defining chapter in India's military history. Directed by Oni Sen and created by Abhijeet Singh Parmar and KushalSrivastava, the series is produced by Matchbox Shots LLP and Feel Good Films. The cast includes Siddharth, Jimmy Shergill, AbhayVerma, DiaMirza, PrajaktaKoli, AdilHussain, MihirAhuja, TaarukRaina, ArnavBhasin and…

25 Jul

Smile Train India crosses 800,000 free cleft surgeries, shifts focus to early diagnosis

Business BureauBusiness

Marking World Cleft Awareness Day, Smile Train India has announced that it has supported more than 800,000 free cleft surgeries for children across the country since 2000, while launching a renewed nationwide campaign to promote early diagnosis and awareness of cleft lip and palate. The organisation said nearly 35,000 children are born with clefts in India every year, but many miss timely treatment because of myths, misinformation, and social stigma. World Cleft Awareness Day, observed globally on July 20 and introduced by Smile Train in 2025, aims to bring cleft care into mainstream public health discussions and ensure every affected…

24 Jul

Crude Prices Heading for Sharp Weekly Surge as Escalating Middle East Tensions Threaten Vital Oil Transit Routes

anuprova EditorBusiness

Global crude oil benchmarks are on track to lock in a third consecutive week of significant gains as relentless military friction in the Middle East heightens fears over prolonged supply disruptions. Despite experiencing a modest Friday retreat, Brent crude hovered near $97 a barrel, posting a weekly surge of over 9% after briefly touching $100 earlier in the session. Market anxiety remains elevated following continued U.S. military strikes against Iranian infrastructure aimed at protecting commercial shipping lanes in the Strait of Hormuz—a crucial maritime conduit for global oil supplies that has experienced severe transport bottlenecks. Geopolitical risks further broadened into…

24 Jul

PhysicsWallah students shine in NEET 2026, Malda achievers celebrated

Business BureauBusiness

Education technology company PhysicsWallah (PW) has announced the performance of its students in the National Eligibility-cum-Entrance Test (NEET) 2026, with several candidates securing top All India Ranks (AIR). Among the highest performers were Ravikant Diwakar (AIR 55), Shivansh Anand (AIR 152), Divyansh Jaiswal (AIR 173), and Sakshi Kumari (AIR 192). The company said the results reflected the effectiveness of its online courses and technology-enabled PW Vidyapeeth centres, allowing students to prepare through flexible learning modes. To mark the achievement, PhysicsWallah organised a felicitation event in Malda, where local performers including Rajbir Dutta (AIR 871), Nasibur Rahaman (AIR 4042), and Sk.…

24 Jul

Nestlé India posts 25.4% sales growth in Q1 as volume demand drives strong performance

Business BureauBusiness

Nestlé India reported a strong start to the 2026-27 financial year, registering a 25.4% rise in total sales to ₹6,363.3 crore in the first quarter, driven by robust volume growth across all major product categories. The company's Profit After Tax climbed 47.9% year-on-year to ₹975.1 crore, while it maintained a healthy EBITDA margin of 24.2%, reflecting continued operational efficiency and higher investments in brand building. Chairman and Managing Director Manish Tiwary said the company’s performance was supported by sustained consumer trust, strong execution and volume-led growth, with exports rising 35.6% despite geopolitical challenges. Advertising expenditure increased by more than 40%…