Axis Bank reported a marginal rise in consolidated net profit for the March quarter, reflecting a cautious financial stance amid global uncertainties. Earnings were weighed down by a significant Rs 2,001 crore provision linked to potential risks arising from the West Asia conflict. While the bank recorded steady growth in advances and a moderate increase in net interest income, pressure on margins and a decline in non-interest income limited overall profitability.

Amba Auto Sales and Services has announced the launch of its initial public offering (IPO), aiming to raise Rs. 65.12 crore through a fresh equity issue. The offering will open for subscription on April 27 and close on April 29, with shares priced in the range of Rs. 130 to Rs. 135 per share. The IPO, listed on the NSE Emerge platform, comprises 48.24 lakh equity shares of face value Rs. 10 each.

Gold and silver prices are expected to face selling pressure in the coming holiday-shortened trading week as global investors closely monitor geopolitical developments and macroeconomic signals. Market participants are tracking ongoing diplomatic engagement between the United States and Iran, movements in crude oil prices and the upcoming policy decision by the US Federal Reserve. These factors are likely to influence investor sentiment and safe-haven demand for precious metals.

India’s residential real estate market is witnessing a structural shift, with affordable housing sales declining sharply in early 2026 even as premium segments continue to gain traction. Data indicates a 23 percent year-on-year drop in homes priced below Rs 50 lakh across major urban centers, driven largely by constrained supply and rising input costs. Mid-income housing has also softened, signaling broader demand recalibration. 

Artificial intelligence is rapidly reshaping India’s employment landscape, with growing evidence suggesting that AI proficiency will soon become a decisive factor in salary growth. Industry estimates indicate that a vast majority of knowledge workers are already leveraging AI tools, while employers increasingly prioritize these capabilities in hiring decisions. Over the next two to three years, sectors such as technology, global capability centers (GCCs), and banking, financial services, and insurance (BFSI) are expected to witness accelerated compensation shifts.

India’s power sector is poised for a strategic shift as NTPC Limited explores a significant nuclear energy project in Bihar. The proposed plan involves setting up two 700 MW nuclear reactors in Banka district, with an estimated investment of Rs 25,000 crore. Currently under feasibility assessment, the project reflects a broader push toward energy diversification and low-carbon power generation.

Adani Green Energy Limited is accelerating its transition toward reliable clean power with a major investment in battery storage infrastructure. The company plans to deploy over 10 GWh of energy storage capacity by FY27, backed by an estimated investment of Rs 15,000 crore. This expansion builds on its existing pipeline and aligns with India’s broader push for round-the-clock renewable energy.

UCO Bank reported a robust 23 percent year-on-year rise in net profit for the fourth quarter ended March 31, highlighting improved operational efficiency and stronger interest earnings. The bank posted a net profit of Rs 801 crore, even as its total income declined compared to the same period last year. Growth in interest income helped offset broader revenue pressures, indicating a more focused lending strategy.

IDFC First Bank reported a modest 5 percent increase in net profit to Rs 319 crore for the quarter ended March 2026, reflecting steady operational performance despite a significant fraud-related setback. The bank’s total and interest income registered healthy growth, indicating resilience in core lending activities. However, a Rs 590 crore fraud at its Chandigarh branch led to a substantial financial impact, which the bank has fully accounted for.

In a strategic move to deepen its presence in digital commerce, Pine Labs has announced the acquisition of Shopflo for Rs 88 crore. The all-cash transaction, expected to conclude within three months, reflects a growing industry trend where payment infrastructure providers are integrating end-to-end solutions to improve merchant conversion rates. By combining payments processing with checkout optimization, Pine Labs aims to empower online businesses to not only collect payments efficiently but also enhance customer experience and boost sales.