Net profit drops 26% to ₹5,090 crore on higher provisions| Business News

Axis Bank Ltd. reported a bigger-than-expected drop in second-quarter profit on Wednesday, as higher provisions for bad loans weighed on earnings. Axis Bank shares fell 0.65% to ₹1169.00 apiece on the BSE even as the benchmark Sensex ended the day 0.70% higher at 82,605.43 points. (Reuters) Standalone net profit of India’s fourth-largest private lender by […]

Net profit up 4.7%, revenue up 4.8% on BFSI, manufacturing boost| Business News

Tech Mahindra Ltd. delivered on its key financials in the fiscal second quarter, aided by strength in its banking and manufacturing verticals, even as impact of US tariffs loomed. Tech Mahindra has announced an interim dividend of ₹15/share. (Reuters) Consolidated revenue of the Mahindra Group company rose 4.8% over the previous three months to ₹13,995 […]

HCLTech becomes first top-tier Indian IT firm to report standalone AI revenue| Business News

HCL Technologies Ltd. has become the first top-tier Indian IT firm to declare AI revenue separately, at a time when larger peer Tata Consultancy Services Ltd. has made known its intensions to become the largest AI-led technology services company globally. HCLTech’s new deal wins crossed the $2.5-billion mark in July-September 2025 without any mega deals. […]