Business

New Delhi, January 5, 2026: Oil and Natural Gas Corporation Limited (ONGC) has made a strategic entry into ethane shipping by forming two joint venture companies with Japan-based Mitsui O.S.K. Lines Ltd, marking a key step in business diversification and energy logistics integration. ONGC has signed joint venture and capital contribution agreements to acquire equity stakes in Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited, both registered at GIFT City, Gandhinagar. Equity Structure and Investment Details Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of ₹100 each in both joint venture entities. Post allotment, the ownership structure will be evenly split between the partners...

Gurugram, January 6, 2026 (IST): Ritco Logistics Limited (NSE: RITCO, BSE: 542383) reported a strong close to calendar year 2025, securing new transportation contracts valued at approximately ₹205 crore during December. The fresh wins span multiple industrial sectors, underscoring the company’s diversified business model and execution capabilities across India’s logistics landscape.Transportation Vertical Drives December Order Wins Polymer Segment Anchors Order Book The company secured a high-value, multi-year transportation engagement worth around ₹165 crore from a leading polymer manufacturer based in Rajasthan. The contract involves multi-location movements across India and is supported by Ritco’s dedicated full-truckload fleet...

Thrissur, January 5, 2026: Dhanlaxmi Bank Limited reported a strong expansion in its core business metrics for the quarter ended December 31, 2025, led by sharp growth in advances, gold loans, and MSME lending. Business Performance Snapshot The bank’s total business increased to ₹31,933 crore as of December 31, 2025, reflecting a year-on-year growth of 20.76 percent. The expansion was supported by healthy momentum in both deposits and advances, indicating improved balance sheet traction during the quarter. Key Business Indicators (₹ crore)ParticularsDec 31, 2024Mar 31, 2025Dec 31, 2025YoY Growth (%)Total Business26,44328,21931,93320.76Total Deposits15,06816,01317,83918.39CASA4,6024,6475,0189.04Gross...

Mumbai, January 5, 2026: Central Bank of India (BSE: 532885 | NSE: CENTRALBK) reported strong growth in its key business metrics for the quarter ended December 31, 2025, reflecting sustained momentum in advances and deposits. During the third quarter of FY26, the bank’s total business expanded 15.8% year-on-year to ₹7.74 lakh crore, compared with ₹6.69 lakh crore in the corresponding quarter last year. On a year-to-date basis, total business growth stood at 10.18%. Deposits and CASA Performance Total deposits rose 13.23% YoY to ₹4.51 lakh crore as of December 31, 2025, up from ₹3.98 lakh crore a year ago. On a sequential basis since March 2025, deposits increased 9.17%. CASA deposits stood at ₹2.12 lakh crore, registering an 8.53%...

Karur, January 5, 2026: Karur Vysya Bank has announced a downward revision in its key lending benchmarks, offering relief to borrowers across segments. The bank will reduce its Base Rate by 45 basis points and Benchmark Prime Lending Rate (BPLR) by 45 basis points, with the revised rates coming into effect from January 7, 2026. Revised Lending RatesNature of RateExistingRevisedBase Rate11.15%10.70%BPLR16.15%15.70%The reduction in benchmark rates is expected to translate into lower borrowing costs for customers whose loans are linked to these reference rates. This move aligns with the broader easing in lending conditions and supports credit demand across retail, MSME, and corporate segments. Impact on Borrowers The cut in the...

Mumbai, January 5, 2026: L&T Finance Limited (NSE: LTF | BSE: 533519) reported a strong operating performance for the quarter ended December 31, 2025, with retail disbursements surging 49 percent year-on-year to an estimated ₹22,690 crore, reflecting sustained momentum across key lending segments. The company’s retail loan book also expanded steadily, rising 21 percent year-on-year to approximately ₹1.11 lakh crore at the end of the December quarter, underscoring continued focus on retail-led growth. Retail Disbursements Performance During Q3FY26, growth was broad-based across rural, urban, SME and farmer finance segments, with gold finance also contributing meaningfully during the quarter.SegmentQ3FY25 (Actual)Q3FY26 (Estimated)...

National, January 5, 2026: The Tata Power Company Limited (TATAPOWER) said its renewable energy subsidiary Tata Power Renewable Energy Limited (TPREL) has scaled 1 GWp of rooftop solar installations within the first nine months of FY26, strengthening its leadership in India’s rooftop solar market across residential and commercial and industrial segments. The milestone reflects a sharp acceleration in execution and customer adoption during the year, with installations and capacity additions significantly outpacing the corresponding period last fiscal. Strong FY26 Operating Momentum TPREL added over 1 GWp of rooftop solar capacity in the nine months to December FY26, translating into 127 percent year-on-year growth compared with 444.78...

Mumbai, January 5, 2026: Kotak Mahindra Bank Ltd (NSE: KOTAKBANK) reported steady balance-sheet expansion for the quarter ended December 31, 2025, with strong growth across advances and deposits, reflecting sustained credit demand and stable liability accretion during Q3 FY26. Advances Maintain Strong Traction The bank’s net advances (end of period) rose to ₹4,80,229 crore, marking a 16.0% year-on-year growth and a 3.8% sequential increase. On an average basis, advances stood at ₹4,65,879 crore, up 16.2% YoY and 4.0% QoQ, indicating consistent loan book expansion through the quarter. Advances Snapshot (₹ crore)Particulars31-Dec-2530-Sep-2531-Dec-24YoYQoQNet Advances – EOP4,80,2294,62,6884,13,83916.0%3.8%Net Advances –...

Mumbai, January 05, 2026: Waaree Energies Limited on Monday announced a major capital infusion into its energy storage vertical, with its subsidiary Waaree Energy Storage Solutions Pvt Ltd raising approximately ₹1,003 crore from a consortium of strategic investors.The funding forms part of Waaree Group’s broader capital expenditure programme of around ₹10,000 crore aimed at setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility in India, marking a significant expansion beyond its established solar manufacturing base.Strategic Expansion into Energy Storage The upcoming facility will focus on producing high-performance lithium-ion cells and battery packs designed for multiple applications, including...

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...