Category: 1 Minute-Read

Categories
1 Minute-Read

Yes Bank loan book touches ₹2.57 lakh cr in Q3 FY26

Yes Bank reported steady business growth in the third quarter of FY26, with its loan book rising 5.2 percent year-on-year to ₹2.57 lakh crore as of December 31, 2025.

The bank’s total deposits grew 5.5 percent to ₹2.92 lakh crore, supported by a modest quarter-on-quarter increase. The CASA ratio improved to 34 percent, indicating a stronger share of low-cost deposits.

Yes Bank’s credit-to-deposit ratio stood at 88 percent, while the liquidity coverage ratio remained healthy at 123.8 percent. The provisional numbers reflect stable balance-sheet growth ahead of detailed quarterly results.

Categories
1 Minute-Read

Coal India shares up 6% as e-auctions open to foreign buyers

Coal India Ltd shares jumped nearly 6 per cent, reaching a 52-week high after the company allowed direct participation by foreign buyers in its e-auctions.

From January 1, buyers from Bangladesh, Bhutan, and Nepal can bid directly through the Single Window Mode Agnostic (SWMA) platform, removing the need for domestic intermediaries.

The board approved changes to the auction system to widen market access, improve transparency, and support coal offtake amid soft domestic demand. Investors reacted positively, sending the Maharatna PSU’s stock sharply higher, reflecting confidence in growth prospects.

Categories
1 Minute-Read

LIC’s paper loss exceeds ₹11,000 cr as ITC stock dives

The Life Insurance Corporation of India (LIC) incurred a notional loss of over ₹11,000 crore after ITC shares fell nearly 14% in two trading sessions.

The decline followed the government’s move to raise excise duties on cigarettes, impacting tobacco companies. ITC’s share price touched a 52-week low near ₹345, slashing around ₹72,000 crore from its market value.

Other public insurers, including General Insurance Corporation and New India Assurance, also faced significant unrealised losses. The losses will materialise only if these shares are sold.

Categories
1 Minute-Read

TVS Motor sales up 50%, shares rally

TVS Motor Company’s stock surged following a strong sales performance in December 2025 and the third quarter of FY26.

The company reported a 50% year-on-year jump in total vehicle sales for December, reaching 481,389 units, driven by a 48% rise in two-wheelers. Both domestic and export markets contributed to the growth, while electric vehicle sales also showed notable gains.

In Q3FY26, TVS achieved its highest-ever quarterly sales, reinforcing investor optimism. The impressive numbers highlight strong demand across segments and markets, fueling early trading gains and positive sentiment around the stock.

Categories
1 Minute-Read

Indian Bank shares jump as Q3 FY26 business grows 13.4%

Indian Bank’s shares rose nearly 3 percent on January 2, 2026, following the release of its Q3 FY26 business update.

The bank reported a 13.4 percent increase in total business, reaching ₹14.3 lakh crore, led by a 14.5 percent rise in gross advances and a 12.5 percent growth in deposits.

Current account and savings account (CASA) balances also grew significantly, highlighting robust retail and corporate traction. The positive numbers boosted investor confidence, driving the stock higher on the BSE.

Analysts see this as a sign of continued operational strength and steady growth in India’s public sector banking segment.

Categories
1 Minute-Read

India’s first bullet train set for 2027 launch

India will roll out its first bullet train on August 15, 2027, Union Railway Minister Ashwini Vaishnaw has announced.

The high-speed service will operate on the 508-km Mumbai–Ahmedabad corridor, connecting key cities such as Ahmedabad, Vadodara, Surat, Vapi, Thane and Mumbai.

Designed to run at speeds of up to 320 kmph, the bullet train will reduce travel time between Mumbai and Ahmedabad to less than three hours.

The project will be launched in phases, with select stretches opening first before full operations begin.

Categories
1 Minute-Read

Tata Group charts 2026 path with innovation and impact

Tata Group chairman N Chandrasekaran has shared the group’s vision for 2026, focusing on execution with purpose and innovation that makes a real difference.

The group plans to advance artificial intelligence, expand future-ready manufacturing, and nurture talent for tomorrow. Sustainability is at the heart of their strategy, with green steel and electric mobility leading the way.

Chandrasekaran also highlighted resilience against cyber, operational, and geopolitical challenges, while exploring global opportunities that strengthen India’s position as a technology and manufacturing hub. The approach blends ambition with responsibility, aiming for growth that matters.

Categories
1 Minute-Read

Vodafone Idea AGR dues frozen for 5 years

The Union Cabinet has approved a five‑year freeze on Vodafone Idea’s AGR dues, totaling around ₹87,695 crore.

Payments will be deferred until 2031‑32, with remaining 2017‑18 and 2018‑19 liabilities due by 2030‑31.

The move aims to ease financial pressure on the struggling operator and protect competition, while the government retains its 49 per cent stake in the company.

Categories
1 Minute-Read

OYO parent Prism files confidential IPO, raises Rs 6,650 cr

OYO’s parent company, Prism, has initiated plans for an initial public offering (IPO) via the confidential route, aiming to raise up to Rs 6,650 crore.

The filing with the Securities and Exchange Board of India (SEBI) follows shareholder approval at an extraordinary general meeting in December 2025. Prism’s IPO could value the hospitality‑tech firm at $7–8 billion, reflecting strong market confidence.

This move revives its earlier listing plans that were put on hold due to market conditions. SEBI’s review of the draft red herring prospectus is now underway.

Categories
1 Minute-Read

Meta buys AI startup Manus to boost advanced AI

Meta Platforms has acquired Manus, a Singapore-based AI startup originally founded in China, for over $2 billion.

Manus develops autonomous AI agents that handle tasks like research, coding, and data analysis with minimal prompts. Meta will integrate this technology into Meta AI, Facebook, Instagram, and WhatsApp, while keeping Manus’s subscription services running.

The acquisition highlights Meta’s push to compete with OpenAI and Google in advanced AI development.