Yes Bank has reported a robust 45 percent year-on-year increase in net profit to Rs 1,068 crore for the March quarter, marking a significant milestone in its turnaround journey. After more than six years of balance sheet repair and cautious growth, the lender has indicated a transition into a new phase focused on expansion. Management expects loan growth to realign with broader industry trends, reflecting improved asset quality and operational stability.

Bhagwant Mann has embarked on an official visit to the Netherlands with a clear mandate to attract foreign investment and strengthen bilateral economic ties. The outreach focuses on high-potential sectors such as food processing, logistics, pharmaceuticals, alloys and steel, and information technology. With the Netherlands being one of India’s largest foreign investors, the visit underscores Punjab’s ambition to position itself as a preferred destination for global industry by offering policy stability, faster decision-making, and investor-friendly governance.

Pakistan has repaid USD 2 billion (approximately Rs 16,600 crore) in debt to the United Arab Emirates, signaling a step toward stabilizing its external finances. The repayment, confirmed by the State Bank of Pakistan, comes shortly after Saudi Arabia deposited USD 2 billion as part of a larger USD 3 billion financial support package. The sequence of transactions highlights the country’s reliance on bilateral assistance to manage liquidity pressures while maintaining its commitments to international partners amid ongoing economic challenges.

HDFC Bank reported a solid performance for the March quarter, with consolidated net profit rising 8.04 percent to Rs 20,350.76 crore and standalone profit increasing 9.11 percent to Rs 19,221.05 crore. Despite the growth, the bank cautioned about near-term risks stemming from geopolitical tensions in West Asia, particularly affecting small-business borrowers. The results come amid recent governance developments, including the resignation of non-executive chairman Atanu Chakraborty.

A tragic boiler explosion at a Vedanta power facility in Chhattisgarh, which claimed 23 lives, has triggered legal, corporate, and public scrutiny. Anil Agarwal, chairman of Vedanta Group, has been named in a police complaint under serious legal provisions, including negligence-related charges. Industrialist Naveen Jindal has called for a thorough investigation before assigning responsibility.

A devastating explosion at a Vedanta power plant in Chhattisgarh’s Sakti district has claimed 23 lives, with several workers still battling critical injuries. The incident has triggered a multi-layered response involving medical emergency efforts, legal scrutiny, and broader questions around industrial safety. Anil Agarwal, chairman of Vedanta Group, has been named in a police complaint, drawing reactions from industry leaders including Naveen Jindal.

India’s cement industry has reached a historic inflection point as UltraTech Cement surpasses 200 million tonnes per annum (MTPA) in installed capacity following the commissioning of three new plants. The achievement positions the Aditya Birla Group flagship as the largest cement producer outside China and underscores India’s growing industrial might. Chairman Kumar Mangalam Birla described the milestone as unprecedented, highlighting its scale relative to global markets, including the United States and the European Union.

A Landmark Expansion in Industrial Capacity

Zee Entertainment Enterprises Ltd has announced a strategic investment of Rs 116 crore in Phantom Digital Effects, signaling a decisive push into the fast-growing Animation, Visual Effects, Gaming and Comics (AVGC) sector. The move is designed to strengthen Zee’s capabilities in digital content creation and global production services, leveraging Phantom’s established presence in key international markets such as the United States and United Kingdom.

Jio Financial Services reported a 14 percent decline in consolidated net profit for the fourth quarter of FY26, reflecting rising costs and external market volatility. Net profit stood at Rs 272 crore, compared with Rs 316 crore a year earlier. Despite the earnings dip, the company delivered robust top-line growth, with total income nearly doubling to Rs 1,020 crore. Elevated expenditure and geopolitical uncertainties weighed on treasury performance, even as the company expanded its financial footprint.

India’s liquefied petroleum gas (LPG) market is gradually returning to equilibrium after a period of intense demand triggered by global supply disruptions and domestic panic buying. A senior official indicated that with the onset of summer and improved supply conditions, demand for cooking gas is normalizing. At the height of the crisis, daily refill bookings surged to over 88 lakh, nearly double the usual 45 lakh.