Author name: Lisl News Desk

News Desk

Japan's SMBC May Acquire Controlling Stake in Yes Bank as SBI Reopens Talks

Japan’s SMBC May Acquire Controlling Stake in Yes Bank as SBI Reopens Talks

/ Indian Market /

Japanese banking giant Sumitomo Mitsui Banking Corporation (SMBC) is once again in discussions to acquire a controlling stake in Yes Bank. According to sources, State Bank of India (SBI) has restarted talks with SMBC for this deal, which could change the ownership of the private bank. SBI, which currently owns 23.97% of Yes Bank, may […]

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No Government Plan Yet to Merge State-Owned General Insurers, Says DFS Secretary

No Government Plan Yet to Merge State-Owned General Insurers, Says DFS Secretary

/ Indian Market /

The Department of Financial Services (DFS) has confirmed that there is no decision yet to merge the public sector general insurance companies. DFS Secretary M. Nagaraju made this clear on May 5 during an event in Mumbai. Speaking at the listing ceremony of the first Residential Mortgage-Backed Securities, Nagaraju said, “No decision has been taken

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Mahindra & Mahindra Q4 Net Profit Jumps 22% to ₹2,437 Crore; Declares ₹25.3 Dividend Per Share

Mahindra & Mahindra Q4 Net Profit Jumps 22% to ₹2,437 Crore; Declares ₹25.3 Dividend Per Share

/ Indian Market /

Mahindra & Mahindra Ltd (M&M) has reported a 22% rise in its standalone net profit for the March 2025 quarter. The company posted a profit of ₹2,437 crore in Q4 FY25, compared to ₹2,000 crore in the same period last year. The company has declared a dividend of ₹25.3 per share. The record date for

Mahindra & Mahindra Q4 Net Profit Jumps 22% to ₹2,437 Crore; Declares ₹25.3 Dividend Per Share Read More »

Kotak Mahindra Bank Q4 Net Profit Drops 14% to ₹3,552 Crore; Declares ₹2.50 Dividend Per Share

Kotak Mahindra Bank Q4 Net Profit Drops 14% to ₹3,552 Crore; Declares ₹2.50 Dividend Per Share

/ Indian Market /

Kotak Mahindra Bank reported a 14% year-on-year drop in standalone net profit for the quarter ended March 2025. The bank posted a profit of ₹3,552 crore in Q4 FY25, compared to the same quarter last year. The fall in profit was mainly due to a sharp rise in provisions and contingencies, which jumped more than

Kotak Mahindra Bank Q4 Net Profit Drops 14% to ₹3,552 Crore; Declares ₹2.50 Dividend Per Share Read More »

SBI Q4 Profit Falls by 10% to ₹18,643 Crore; Declares ₹15.90 Dividend Per Share

SBI Q4 Profit Falls by 10% to ₹18,643 Crore; Declares ₹15.90 Dividend Per Share

/ Indian Market /

State Bank of India (SBI), the country’s largest public sector bank, posted a 10% fall in its standalone net profit for the March 2025 quarter. The profit stood at ₹18,643 crore, compared to ₹20,698 crore in the same quarter last year. Despite the fall in profit, the bank’s board has announced a dividend of ₹15.90

SBI Q4 Profit Falls by 10% to ₹18,643 Crore; Declares ₹15.90 Dividend Per Share Read More »

India Bans All Imports from Pakistan After Pahalgam Terror Attack

India Bans All Imports from Pakistan After Pahalgam Terror Attack

/ Indian Market /

India has stopped the import of all goods from Pakistan with immediate effect after the deadly terror attack in Pahalgam on April 22, 2025. The decision was taken as part of national security actions, and the ban is now part of India’s Foreign Trade Policy (FTP) 2023. In a new notification issued by the Directorate

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Pakistan Stock Market Falls Sharply Over 7,000 Points After India-Pakistan Tensions Rise

Pakistan Stock Market Falls Sharply Over 7,000 Points After India-Pakistan Tensions Rise

/ Indian Market /

The Pakistan stock market has seen a major fall of over 7,100 points since April 22, 2025, as tensions between India and Pakistan increased sharply after a terror attack in Pahalgam. This sell-off shows how rising political and military stress between both countries is affecting investor sentiment in the region. Pakistan’s main KSE-100 index dropped

Pakistan Stock Market Falls Sharply Over 7,000 Points After India-Pakistan Tensions Rise Read More »

NSE Revises Quantity Freeze Limits for Index Derivatives from May 2, 2025

NSE Revises Quantity Freeze Limits for Index Derivatives from May 2, 2025

/ Indian Market /

The National Stock Exchange (NSE) has announced new quantity freeze limits for index futures and options (F&O) contracts, which will come into effect from May 2, 2025. This change has been made under the updated rules in the F&O segment to ensure fair and orderly trading, as mentioned in the NSE’s latest circular dated April

NSE Revises Quantity Freeze Limits for Index Derivatives from May 2, 2025 Read More »

GST Collections Hit Record High of ₹2.37 Lakh Crore in April, Up 12.6% YoY

GST Collections Hit Record High of ₹2.37 Lakh Crore in April, Up 12.6% YoY

/ Indian Market /

India’s Goods and Services Tax (GST) revenue surged to a record ₹2.37 lakh crore in April, marking a 12.6% year-on-year increase, government data showed. This is the highest monthly collection since the GST system was implemented on July 1, 2017. In comparison, GST collections for March stood at ₹1.96 lakh crore, a 9.9% rise over

GST Collections Hit Record High of ₹2.37 Lakh Crore in April, Up 12.6% YoY Read More »

Strides Pharma Gains After Buying 4 US Drug Approvals to Expand Product Range

Strides Pharma Gains After Buying 4 US Drug Approvals to Expand Product Range

/ Indian Market /

Strides Pharma shares went up slightly on April 30 morning after the company announced that its US-based arm has acquired four approved drug applications (ANDAs) for the American market. The share was trading at Rs 657.40 on the BSE, up by 0.74 percent at 09:24 AM. These ANDAs have been purchased from Nostrum Laboratories Inc.,

Strides Pharma Gains After Buying 4 US Drug Approvals to Expand Product Range Read More »

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