By Keshav Sharma , 1 May 2026

SBI Cards and Payment Services reported a mixed financial performance in the latest quarter, marked by a rise in total income but a marginal decline in interest income compared to the previous year. While profitability remains anchored to strong fundamentals, the company’s core interest earnings showed slight pressure amid evolving credit dynamics. Backed by its association with the State Bank of India, the credit card issuer continues to benefit from steady customer acquisition and transaction growth.

By Harish Thapar , 1 May 2026

Indian companies have steadily expanded their global footprint through large-scale outbound acquisitions, reshaping their position in global industry rankings. Among the most significant transactions is Tata Steel’s historic purchase of Corus Group, a deal that marked a turning point in India’s corporate globalization journey. Such acquisitions reflect strategic ambitions to access advanced markets, enhance production capacity, and gain technological capabilities.

By Keshav Sharma , 1 May 2026

Amazon is rapidly scaling its ultra-fast delivery service, Amazon Now, following strong adoption in India. The service, which promises delivery within 30 minutes, has witnessed a 25 percent month-on-month growth in orders, with Prime users significantly increasing their shopping frequency. Encouraged by this momentum, Amazon has expanded the offering to multiple international markets, now reaching tens of millions of customers across nine countries.

By Neena Sachdeva , 1 May 2026

Life Insurance Corporation of India-controlled bank reported a decline in net profit for the March 2026 quarter, even as its income and interest earnings showed steady growth. Net profit fell from Rs 2,051 crore in the year-ago period, primarily due to a drop in operating profit. However, total income rose to Rs 9,409 crore, supported by a notable increase in interest income to Rs 7,798 crore. The results reflect a mixed financial performance, highlighting margin pressures despite improving revenue streams, and underscore the evolving challenges within India’s banking sector.

By Vibha Dhawan , 1 May 2026

PhonePe has achieved a major milestone, reflecting its vast reach across India’s digital payments ecosystem. The platform’s rapid user growth underscores rising consumer trust and deep market penetration. Notably, what once took 136 days to acquire one million users now takes just six days, highlighting exponential adoption. Between FY23 and FY25, PhonePe sustained a compound annual growth rate (CAGR) of 56.25 percent, demonstrating consistent expansion even at scale.

By Keshav Sharma , 1 May 2026

Adani Ports and Special Economic Zone reported a solid financial performance for the March 2026 quarter, registering a 9.43 percent rise in consolidated net profit to Rs 3,308.30 crore. The growth was primarily driven by higher income, reflecting improved operational throughput and sustained demand in port and logistics services. Compared to the previous year’s profit of Rs 3,023.10 crore, the results indicate stable expansion despite broader economic uncertainties.

By Keshav Sharma , 1 May 2026

Hero MotoCorp has expanded its international footprint by entering the Ecuadorian market through a strategic partnership with Quilmotors. The collaboration will see Quilmotors manage assembly, sales, distribution, and after-sales services in the South American nation. The move aligns with Hero MotoCorp’s broader global growth ambitions, targeting emerging markets with rising mobility demand. Company executives highlighted Ecuador’s evolving consumer landscape as a key driver.

By Vibha Dhawan , 1 May 2026

Hindustan Unilever Limited reported a robust financial performance for the March 2026 quarter, with net profit rising significantly to Rs 2,475 crore, supported by steady volume growth and improved operational efficiency. Revenue growth was driven by a 6 percent increase in underlying volumes, reflecting resilient consumer demand. Despite rising expenses, the company maintained profitability through disciplined cost management. For the full financial year, profit reached Rs 15,059 crore, aided by strategic divestments.

By Neena Sachdeva , 1 May 2026

Shares of Bajaj Finance rose sharply on Thursday after the company reported robust financial results for the March 2026 quarter. The non-banking financial company (NBFC) posted a 22 percent year-on-year increase in consolidated profit after tax, reaching Rs 5,553 crore. The upbeat earnings triggered a positive market response, with the stock gaining nearly 5 percent on both the BSE Sensex and NSE Nifty 50 exchanges. The performance underscores the company’s strong fundamentals, sustained credit demand, and effective risk management in a competitive lending environment.

By Keshav Sharma , 1 May 2026

Indian equity markets opened sharply lower on Thursday, with benchmark indices BSE Sensex and NSE Nifty 50 declining amid rising crude oil prices, weak global cues, and sustained foreign capital outflows. The Sensex dropped over 821 points, while the Nifty fell below the 24,000 mark in early trade. Key sectors, including banking, infrastructure, and aviation, witnessed selling pressure. Market participants remain cautious as macroeconomic headwinds intensify, reflecting broader concerns over inflation, currency stability, and global liquidity conditions.