Finance

Aptus Value Housing Finance India Ltd. reported a strong financial performance for the March quarter, with net profit rising 26 percent year-on-year to Rs. 261 crore. The housing finance company attributed the growth partly to technology enhancements that improved operational efficiency and customer servicing capabilities. Total income for the January-March quarter increased 19 percent to Rs. 594 crore compared with Rs. 499 crore in the corresponding period last year.

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.

Bajaj Housing Finance reported a steady financial performance in the latest quarter, supported by a notable rise in total and interest income. While profit levels remained anchored to a high base from the previous year, the company demonstrated resilience through consistent revenue expansion and robust lending activity. Growth in interest income highlights sustained demand in the housing finance segment, even amid evolving interest rate dynamics.

Delhi’s municipal finances have received a significant boost as property tax collections recorded a sharp rise in the financial year 2025–26. Driven by stronger compliance, targeted enforcement, and a well-structured amnesty scheme, collections increased by over 46 percent year-on-year to Rs 3,116.62 crore. The number of taxpayers also expanded notably, reflecting improved participation and administrative efficiency. The development signals a structural shift in urban revenue mobilization, enhancing fiscal stability for the city’s civic body.

India’s central government has outlined an ambitious borrowing strategy for the first half of FY2026-27, aiming to raise Rs. 8.20 lakh crore through dated securities to manage its fiscal deficit. The move forms part of a revised gross market borrowing plan of Rs. 16.09 lakh crore, adjusted downward following debt-switch operations. Notably, the plan includes Rs. 15,000 crore in Sovereign Green Bonds, reflecting a growing emphasis on sustainable finance.

A series of recent developments across global markets highlights the evolving intersection of technology, finance, and geopolitics. From India-led artificial intelligence (AI) skilling initiatives in Africa to renewed volatility in cryptocurrency markets and multilateral financial agreements, the global economy is navigating a complex transition. Institutions are investing in digital infrastructure and human capital, while policymakers address macroeconomic uncertainty and capital flows. 

Pakistan has reached a staff-level agreement with the International Monetary Fund to unlock approximately USD 1.2 billion (around Rs. 10,000 crore) under its ongoing financial support programs. The agreement follows the successful completion of key program reviews under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF). 

The Vadodara Municipal Corporation is preparing to raise approximately Rs 200 crore through a proposed ‘blue bond’ issuance, marking a strategic step toward sustainable urban financing. With regulatory approvals already secured and the credit rating process underway, the civic body aims to tap capital markets by July. The initiative reflects a broader shift among Indian municipalities toward innovative funding mechanisms that align infrastructure development with environmental priorities.

India’s lower house of Parliament has approved the Finance Bill 2026, incorporating 32 government-backed amendments and marking a critical milestone in the Union Budget process for FY2026–27. The legislation outlines taxation measures, fiscal policies, and revenue proposals essential for implementing the government’s financial roadmap. With the passage in the Lok Sabha, the focus now shifts to the Rajya Sabha for final approval. Once cleared by the upper house, the budgetary cycle will be formally concluded.

Indian Institute of Technology Delhi has received a significant philanthropic contribution of Rs. 75 crore from alumnus Anant Yardi, founder of Yardi Systems. The funding is aimed at strengthening advanced research in artificial intelligence while also supporting infrastructure modernization initiatives. A substantial portion will be allocated to the Yardi School of Artificial Intelligence, reinforcing IIT Delhi’s position as a leading innovation hub.