Business

New Delhi, January 5, 2026: Indian Energy Exchange (IEX) reported steady momentum in electricity trading volumes during December 2025 and the nine months ended FY26, supported by robust growth in the real-time market and improved supply conditions across power generation sources. December 2025 Performance Highlights During December 2025, IEX recorded total electricity traded volume of 11.44 billion units (BU), reflecting a 2.8 percent year-on-year increase. The real-time market remained the key growth driver, with traded volumes rising 20.5 percent year-on-year.Market prices remained largely stable despite higher power consumption levels. The average price in the day-ahead market stood at Rs 3.92 per unit, marginally higher by 0.7...

Mumbai, January 5, 2026: Allcargo Terminals Limited reported a solid operational performance for December 2025, with container freight station volumes showing a sharp year-on-year and month-on-month improvement, reflecting steady cargo movement and improved throughput across facilities. December 2025 Operational Performance For the month ended December 2025, Allcargo Terminals handled 61.2 thousand TEUs at its CFS operations.ParticularsCFS Volumes (’000 TEUs)December 202451.7November 202555.3December 202561.2The December 2025 volumes mark:18 percent growth year-on-year compared with December 2024 11 percent growth month-on-month over November 2025Trend Over Recent Months The latest performance continues the upward...

New Delhi, January 5, 2026: Oil and Natural Gas Corporation said it has swiftly activated emergency response protocols following a gas leak incident during workover operations at Well Mori#5 in the Mori Field in Andhra Pradesh.The incident was reported by the field operator Deep Industries Limited earlier today. The well is located in a remote area with no human habitation within an estimated radius of 500 to 600 metres. The company confirmed that there has been no injury or loss of life.As a precautionary measure, the affected area has been cordoned off and cooling operations have commenced. ONGC has mobilised its Crisis Management Teams at both central and regional levels, with preparatory work underway to facilitate well control...

Thrissur, January 5, 2026 – ESAF Small Finance Bank Ltd (BSE: 544020 | NSE: ESAFSFB) reported steady business growth for the quarter ended December 31, 2025, with deposits rising over 7% year-on-year and advances expanding at a double-digit pace, led by strong traction in retail and secured lending. Deposit Growth Remains Stable The bank’s total deposits stood at ₹24,006 crore as of December 31, 2025, marking a 7.10% year-on-year increase and a 4.86% sequential rise over September 2025.Deposits (₹ crore)Dec 31, 2025Dec 31, 2024YoY GrowthSep 30, 2025QoQ GrowthTerm Deposits17,97616,8236.85%16,8486.70%CASA6,0305,5927.83%6,046(0.26)%Total Deposits24,00622,4157.10%22,8944.86%The CASA ratio improved to 25.12%, compared with...

India, January 5, 2026: Samvardhana Motherson International Limited (MOTHERSON) has secured government-backed incentives for its electronics manufacturing business, strengthening its push into high-value consumer electronics components.The incentives have been granted to Motherson Electronic Components Private Limited, a wholly owned subsidiary, under the Electronics Component Manufacturing Scheme. The approval covers the production of enclosures for the consumer electronics segment and is aligned with the company’s broader strategy to expand domestic manufacturing capabilities.Investment and Employment Plans The incentives are applicable for a six-year period from FY26 to FY31. During this period, the company expects to invest...

Pune, January 5, 2026: Bank of Maharashtra (BSE: 532525, NSE: MAHABANK) reported a strong expansion in its business metrics for the quarter ended December 31, 2025, led by healthy growth across deposits and advances. The public sector lender’s total business rose 17.24 percent year-on-year to ₹5,95,171 crore, compared with ₹5,07,650 crore in the corresponding period last year, reflecting sustained traction in both lending and deposit mobilisation. Key Business Highlights (₹ in crore)ParticularsDec 31, 2024Dec 31, 2025YoY GrowthTotal Business5,07,6505,95,17117.24%Total Deposits2,79,0073,21,69515.30%CASA Deposits1,37,4941,59,39715.93%CASA Ratio49.28%49.55%+27 bpsGlobal Advances2,28,6422,73,47619.61%Advances Growth...

Mumbai, January 5, 2026: Metropolis Healthcare Limited (NSE: METROPOLIS, BSE: 542650) reported a robust business performance for the quarter ended December 31, 2025, with consolidated revenues recording a strong year-on-year growth of around 26%, supported by sustained demand across preventive healthcare, wellness programs, and specialty diagnostics. Consolidated Performance Highlights During Q3 FY26, the company benefited from strong traction in its TruHealth wellness offerings and a sharp rise in specialty testing volumes across both consumer and institutional channels. The expanded high-end test menu under Core Diagnostics and continuous in-house innovation enabled Metropolis to scale its specialty portfolio across its pan-India...

Chennai, January 5, 2026: Equitas Small Finance Bank (NSE: EQUITASBNK) reported steady business momentum for the quarter ended December 31, 2025, led by strong credit growth, improving collection efficiency in microfinance, and a visible moderation in asset quality stress.Credit Growth Remains Robust The bank’s gross advances rose 15.9% year-on-year and 10.6% quarter-on-quarter to ₹43,269 crore, supported by healthy disbursements of ₹6,557 crore during the quarter, up 22% sequentially and 28% annually.Non-microfinance loans expanded 19.2% YoY to ₹38,110 crore. Microfinance and micro loans stood at ₹5,159 crore, reflecting a sharp sequential rebound.Deposits and Funding Profile Total deposits increased 7.2% YoY to ₹43,668 crore...

Mumbai, January 5, 2026 – FSN E-Commerce Ventures Limited (NSE: NYKAA, BSE: 543384) said its consolidated business performance for the third quarter of FY26 remains robust, with growth trends indicating a slight acceleration supported by strong execution across its Beauty and Fashion verticals.The company expects consolidated Gross Merchandise Value (GMV) and Net Sales Value (NSV) growth to be in the late twenties on a year-on-year basis for the quarter ended December 31, 2025, reflecting sustained consumer demand during a seasonally strong period.Consolidated Growth Outlook Nykaa indicated that consolidated net revenue growth for Q3 FY26 is likely to come in at the upper end of the mid-twenties range. This represents a modest...

Mumbai, January 5, 2026: Poonawalla Fincorp Limited (NSE: POONAWALLA, BSE: 524000) reported a sharp expansion in its business scale for the quarter ended December 31, 2025, with assets under management (AUM) witnessing strong year-on-year and sequential growth, supported by comfortable liquidity levels. Strong AUM Growth in Q3 FY26 The company’s AUM surged 77.5 percent year-on-year and 15.3 percent quarter-on-quarter to approximately ₹55,000 crore as of December 31, 2025, reflecting sustained momentum across its lending portfolio and continued expansion of its asset base. AUM SnapshotParticularsQ3 FY26Assets Under Management (AUM)~₹55,000 croreYoY Growth77.5%QoQ Growth15.3%Liquidity Position Remains Comfortable Poonawalla...

Mumbai, January 5, 2026: HDFC Bank (BSE: 500180, NSE: HDFCBANK) reported steady expansion across its key business metrics for the quarter ended December 31, 2025, with healthy growth in advances and deposits, reflecting sustained momentum in core banking operations. Advances Show Near Double-Digit Growth During the December 2025 quarter, HDFC Bank’s average advances under management stood at ₹28,639 billion, marking a 9.0 percent year-on-year increase compared with ₹26,276 billion in the corresponding quarter last year. On a period-end basis, advances under management rose to approximately ₹29,460 billion as of December 31, 2025, registering a 9.8 percent growth over ₹26,839 billion a year ago. Meanwhile, gross advances at period end...

Chennai, January 4, 2026: The Ramco Cements Limited (NSE: RAMCOCEM, BSE: 500260) on Saturday said it has received approval from the Government of Andhra Pradesh to include quartzite mineral in its existing limestone mining lease located in Nandyal district, strengthening the company’s raw material flexibility for downstream cement applications.The approval was granted by the Industries and Commerce (M.II) Department of the Andhra Pradesh government and was received by the company on January 3, 2026, at 4:20 pm, according to its stock exchange disclosure .Scope of the Approval The regulatory clearance allows Ramco Cements to include quartzite mineral within its existing limestone mining lease situated at Kalavataka and Kotapadu...

Indian Railway Finance Corporation (IRFC) has achieved an “Excellent” performance rating from the Department of Public Enterprises for the financial year 2024–25, marking its fifth consecutive year of receiving the highest rating since its listing in FY21.The sustained top-tier rating reflects IRFC’s consistent operational performance, strong governance standards, and disciplined financial management amid evolving business and market conditions. Over the years, the company has demonstrated resilience and adaptability while aligning its strategy with an expanded mandate.During FY25, IRFC continued to strengthen and diversify its lending portfolio in a calibrated manner, maintaining a clear focus on railway-linked infrastructure...

Surat, January 4, 2026: KPI Green Energy Limited announced that its subsidiary, Sun Drops Energia Private Limited, has received a Letter of Intent for the development of large-scale standalone battery energy storage projects in Gujarat, marking a major strategic expansion for the group. Project Overview and Capacity Details The proposed projects involve the development of self-owned independent power producer battery energy storage systems with a cumulative capacity of 445 MW and energy storage of 890 MWh. The projects will be set up across multiple locations in Gujarat and will operate as grid-connected standalone storage assets. These facilities are designed to store electricity during off-peak hours and supply power during periods of...

Kolkata, January 3, 2026: Baazar Style Retail Limited (BSE: 544243, NSE: STYLEBAAZA), a leading value fashion retailer with a strong presence in Eastern India, announced its business update for the third quarter and nine months ended December 31, 2025, reflecting steady quarterly growth and a sharp acceleration in nine-month performance driven by store expansion. Q3FY26 and 9MFY26 Performance Snapshot The company reported healthy growth in standalone revenue for the December quarter, while nine-month revenue significantly exceeded its earlier growth trajectory. Standalone Operating PerformanceParticularsQ3FY26Q3FY25YoY Change9MFY269MFY25YoY ChangeRevenue from Operations (₹ million)4,6654,11613%13,7609,98238%Sales per Square...

Mumbai, January 3, 2026: Syncom Formulations (India) Limited (BSE: 524470 | NSE: SYNCOMF) has informed stock exchanges that the Goods and Services Tax department has issued a revised demand and penalty notice aggregating ₹1,41,78,604, following the rejection of its earlier appeal related to ineligible input tax credit. The disclosure has been made as a continuation of the company’s earlier intimation dated April 5, 2025, under applicable listing regulations. Details of the GST Demand The demand has been raised by the Office of the Superintendent, Range V, Division X, Mumbai East, CBIC, Maharashtra, under Section 74(5) of the CGST Act, 2017 for tax and Section 122 for penalty. The revised demand and penalty notice is dated December 31...

Kolkata, January 3, 2026 – Birla Corporation Limited (BSE: 500335 | NSE: BIRLACORPN) on Friday informed stock exchanges that the Government of Rajasthan has rejected the company’s bid for the Gourum Khan Ki Dhani (South) Limestone Block, despite Birla Corporation having earlier been declared the preferred bidder in the auction process.Bid Rejected Despite Preferred Bidder Status In its regulatory intimation, the company said the Rajasthan Department of Mines and Petroleum, through an order dated December 31, 2025, rejected the bid submitted for the limestone mining lease under Clause 14.11 of the tender document.Birla Corporation had been declared the preferred bidder in June 2025 after submitting a highest final price offer of...

Hyderabad, January 03, 2026 – Bodhtree Consulting Limited (BSE: 539122) has taken a decisive step toward inorganic growth after its Board of Directors approved, in principle, a proposal to merge Rzeninfo Solutions Private Limited into the listed entity.Merger Proposal Takes Centre Stage The board decision marks the formal initiation of a merger process that aims to consolidate operations and potentially strengthen Bodhtree’s capabilities within the technology and digital services space. Alongside the in-principle approval, the board also cleared a draft memorandum of understanding with Rzeninfo Solutions, laying the groundwork for valuation, structuring, and integration discussions.The proposed merger is subject to approvals from...

Gurgaon, January 3, 2026: K.S. Oils Limited (BSE: 526209 | NSE: KSOILS) on Friday announced that Sonali Overseas Private Limited will acquire a 23.19 percent equity stake in Soy-Sar Edible Private Limited, the holding company of K.S. Oils, through a cash transaction aggregating to ₹20.12 crore. The development was communicated to the stock exchanges under Regulation 30 of the SEBI Listing Regulations. The transaction pertains solely to a restructuring at the holding company level, and the listed entity, K.S. Oils Limited, is not directly involved in the acquisition. Transaction Details The acquisition involves Sonali Overseas Private Limited purchasing 3,75,04,086 equity shares of Soy-Sar Edible Private Limited at a price of ₹5.365 per...

Mumbai, January 3, 2026: Mahindra & Mahindra Financial Services Limited informed stock exchanges that it expects overall disbursements of approximately ₹17,600 crore in the third quarter of FY26, reflecting a year-on-year growth of 7 percent, supported by steady demand across its core lending segments. For the nine-month period ended December 2025, disbursements are estimated at around ₹43,900 crore, marking a 4 percent year-on-year increase, excluding finance lease portfolios. Disbursement and Asset Growth SnapshotParticularsQ3 FY26YoY ChangeOverall Disbursements₹17,600 crore+7 percent9M FY26 Disbursements₹43,900 crore+4 percentThe company said its business assets stood at approximately ₹1.29 lakh crore as of December 2025...