State Bank of India (SBI) surpassed D-Street expectations with a 12% increase in its June-quarter net profit, reaching 19,160 crore. This growth was primarily driven by higher treasury income and expansion in retail loans. The bank benefited from gains on government securities sales due to policy rate cuts and increased foreign exchange trading income.
Indian equity indices experienced a nearly 1% drop on Friday, marking their sixth consecutive week of losses due to concerns over the economic impact of US tariffs. Analysts anticipate continued selling pressure, with technical indicators suggesting further weakness. While foreign investors sold shares, domestic institutions were net buyers, and market volatility is expected to persist amid trade negotiation uncertainties.
Foreign investors heavily sold IT stocks in July, pulling out 14,422 crore due to weak quarterly results, headcount reductions, and global macroeconomic uncertainty. This selling pressure extended to other sectors, including financial services, oil and gas, and realty, as investors trimmed exposures and booked profits. Concerns about potential NPA increases in export-oriented sectors further influenced investment decisions.
Kevin Warren said without passage of a "mega projects" bill that would lessen the Chicago Bears' tax burden on a new stadium in Arlington Heights, we are not able to proceed forward.
Axis Max Life anticipates a smooth merger with Max Financial Services, pending parliamentary approval of the insurance bill. The amendment to the Insurance Act will explicitly permit mergers between insurance and non-insurance entities, addressing a current legal ambiguity. Regulatory clearance, following the NCLT-led process, is expected to take 8 to 12 months after the bill's enactment.
Life insurers in India experienced a significant surge in premium income. The premium income rose by 22.4% in July 2025, reaching 38,958 crore. Both private and state-run Life Insurance Corporation contributed to this growth. Individual single premiums and non-single premiums also saw increases. The industry added a substantial number of new agents.
