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South Indian Bank reported a 9.5% YoY rise in Q1FY26 net profit to Rs 322 crore, aided by a 47% surge in non-core income. Despite nearly doubling provisions, the bank's pre-provision operating profit rose 32% and asset quality improved.
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News and Media
America saw a dip in new jobless claims last week. This hints at steady job growth in July. However, some laid-off workers face long unemployment spells. This is due to slower hiring. Trade policy uncertainty makes companies hesitant. Continuing claims data needs monitoring. It will give a clearer picture of the labor market's health.
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News and Media
Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26.
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News and Media
Insurtech funding in India is poised to surpass $1 billion in the next year, following a period of moderated investment. A recent report highlights a decline in insurance penetration below 4%, driven by reduced life insurance uptake, signaling a significant protection gap. Regulatory initiatives like NHCX and Bima Sugam are expected to foster digital innovation in the sector.
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News and Media
Kaivalya Vohra and Aadit Palicha of Zepto top the first Avendus Wealth Hurun India 2025 Under-30 list, featuring 79 young entrepreneurs. The list spans multiple sectors, highlights Mumbais dominance, and notes over $5 billion in funding raised. Only six women made the list, underscoring gender disparity.
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News and Media
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