Business

Axis Bank has launched a technologically advanced branch aimed at transforming secure banking services through automation and enhanced customer experience. The initiative underscores the bank’s strategic focus on innovation, particularly in high-security offerings such as locker facilities. The branch was inaugurated by M Nagaraju, Financial Services Secretary, in the presence of Managing Director Amitabh Chaudhry and Executive Director Munish Sharda.

National Securities Depository Limited (NSDL) reported a steady financial performance for the March quarter of FY26, with consolidated net profit rising 8.4 percent year-on-year to Rs 90.3 crore. The company’s total income witnessed a stronger growth trajectory, increasing 23.6 percent to Rs 487 crore, underscoring expanding capital market activity and operational efficiency. This performance highlights the resilience of India’s financial infrastructure ecosystem amid evolving investor participation trends.

Eternal has reported a significant increase in its total expenses, which surged to Rs. 17,406 crore in the January–March quarter, compared to Rs. 6,104 crore in the same period of the previous financial year. Alongside its financial disclosure, the company announced a strategic internal restructuring move involving its subsidiary Wasteland Entertainment Private Limited (WEPL). As part of an asset transfer agreement, Eternal will transfer the technology stack of its District platform and associated employees for a consideration exceeding Rs. 24.19 crore.

IIFL Finance reported a sharp rise in its fourth-quarter earnings for FY26, with consolidated net profit more than doubling to Rs 623 crore, driven by higher interest income and improved asset quality. Total income climbed significantly to Rs 3,700 crore, reflecting strong lending activity and operational efficiency. The company’s performance highlights resilience in India’s non-banking financial sector, supported by credit demand and disciplined risk management.

Infosys has significantly accelerated its expansion in a key port city, increasing its workforce from 250 to 1,900 employees over the past two years. The company plans to add 750 more seats in the near term while outlining a long-term vision to develop a 20-acre campus capable of accommodating 7,000 professionals. This expansion reflects Infosys’ strategic focus on regional growth and talent integration.

Renault has unveiled a structural reorganization of its India operations, signaling a strategic shift aimed at improving operational efficiency and long-term competitiveness. The company has approached the National Company Law Tribunal for approval to separate its powertrain manufacturing business from vehicle production and sales. The proposed restructuring seeks to create a dedicated powertrain entity while consolidating automotive manufacturing and commercial functions under a unified framework.

Vedanta Limited has delivered a standout market performance, with its stock surging 84.5 percent over the past year, significantly outperforming the BSE Sensex, which declined by more than 3 percent during the same period. The rally coincides with the company’s decision to restructure into five independent entities, a move aimed at unlocking shareholder value and enhancing operational focus.

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.

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.

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.