कर्मचारी यूनियनों ने 8वें वेतन आयोग को सौंपा नया मांग पत्र, न्यूनतम बेसिक सैलरी पर की ये मांग

कर्मचारी यूनियनों ने 8वें वेतन आयोग को सौंपा नया मांग पत्र, न्यूनतम बेसिक सैलरी पर की ये मांग


8th Pay Commission News: बीते दिन ही वित्त मंत्रालय ने ज्ञापन जारी कर केंद्रीय कर्मचारियों के 8वें वेतनमान को लागू किया है. जिसके बाद अब कई कर्माचारी यूनियन एक्टिव हो गए हैं. सरकार के इस फैसले से नाखुश कर्मचारी संगठनों ने आयोग के समक्ष अपना नया मांग पत्र सौंप दिया है, जिसमें न्यूनतम बेसिक सैलरी में बढ़ोतरी की मांग की है. यूनियनों का कहना है कि मौजूदा सैलरी बढ़ती महंगाई के हिसाब से ठीक नहीं है, ऐसे में इसमें संशोधन किया जाना चाहिए.

क्या है पूरा मामला?
दरअसल 8वें केंद्रीय वेतन आयोग (CPC) के गठन की प्रक्रिया के तहत केंद्र सरकार ने सुझाव और राय लेने के लिए एक अवसर खोला है. जिसमें भारतीय प्रतिरक्षा मजदूर संघ (BPMS) ने अपना मांग पत्र जमा किया है. इस मांग पत्र में केंद्रीय सरकारी कर्मचारियों के सैलरी स्ट्रक्चर में बड़े बदलाव की मांग की गई है. संघ का कहना है कि बेसिक पे को बढ़ाकर 72,000 रुपये हर महीने के हिसाब से किया जाना चाहिए. जो कि 7वें CPC के तहत निर्धारित मौजूदा 18,000 रुपये वेतन का चार गुना है.

लाइवमिंट की एक रिपोर्ट के मुताबिक, इस प्रस्ताव के जरिए ऐसी रकम तय की जा रही है, जो मौजूदा आर्थिक स्थिति और कर्मचारियों की जरूरतों का ख्याल रखेगी. BPMS का कहना है कि अगर इन बदलावों को मान लिया जाता है, तो शुरुआती स्तर के कर्मचारियों को एक स्थिर और बेहतर जीवन स्तर मिल सकेगा. 

और क्या हैं यूनियन की मांगे?
एक अन्य मांग में यूनियन ने कहा है कि फिटमेंट फैक्टर को मौजूदा 2.57 से बढ़ाकर 4.0 किया जाना चाहिए. क्योंकि ये तय करता है कि किसी कर्मचारी की बेसिक सैलरी कितनी बढ़ेगी. अगर 8वें वेतन आयोग में फिटमेंट फैक्टर 4.0 कर दिया जाता है, तो कर्मचारियों की सैलरी काफी अच्छी- खासी बढ़ेगी. इसके अलावा, यूनियन ने महंगाई भत्ता (DA) को भी सही तरीके से तय करने की मांग की है, जिससे बढ़ती महंगाई के असर से कर्मचारियों की आय सुरक्षित रहे.



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Rupee pierces the 94 per $ mark amid uncertainty around West Asia war

Rupee pierces the 94 per $ mark amid uncertainty around West Asia war


The rupee first breached the 94/dollar on March 23, 2026.
| Photo Credit:
FRANCIS MASCARENHAS

The rupee pierced the 94 to the dollar mark on Thursday amid uncertainty over resolution of the West Asia war, with the US and Iran upping the ante, rising crude oil prices, strengthening dollar and continuous FPI-related outflows from the Indian equity markets.

The rupee closed at 94.1050 per dollar, down 31 paise, against the previous close of 93.7950. The Indian currency has been on a losing streak for the last four trading sessions.

As compared to last Friday’s close of 92.93, the rupee has cumulatively weakened about 118 paise so far this week. The rupee first breached the 94/dollar on March 23, 2026.

Dilip Parmar, Senior Research Analyst, HDFC Securities, said driven by high hedging dollar demand and a broader shift toward safe-haven assets, the rupee has weakened past the 94 level against the greenback.

“Central bank interventions failed to arrest the slide as a simultaneous rally in crude oil and the US dollar exerted additional downward pressure. In the near term, dollar-rupee retains its bullish momentum, with support around 93.80 and resistance at 94.60,” he said.

No end in sight

Amit Pabari, MD, CR Forex Advisors, said, “The rupee isn’t reacting to headlines, it’s reacting to uncertainty. And uncertainty, in markets, is like humidity you may not see it, but you definitely feel it.

“Globally, investors are clearly in “wait and watch” mode. Nobody wants to take bold bets when the next headline could change the entire narrative. Emerging market assets are feeling the pinch equities are slipping, currencies are softening, and safe-haven demand is quietly building.”

Meanwhile, the “State of the Economy” article in RBI’s latest monthly bulletin noted that amidst financial market volatility due to the West Asia conflict, the rupee witnessed depreciation against the dollar in March.

The depreciation pressures were, however, arrested in April following the measures (including capping the Authorised Dealers’ net open positions in the onshore deliverable market and limiting their activities in the non-deliverable forward market) taken by the Reserve Bank and the announcement of a ceasefire between the US and Iran, per the article, put together by RBI officials.

Published on April 23, 2026



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Q4 Results 23rd Apr Updates : Union Bank shares fall after Q4 results, Aditya Birla Sun Life AMC profit declines, Infosys, Adani Energy, Cyient, Tata Capital to announce Q4 results

Q4 Results 23rd Apr Updates : Union Bank shares fall after Q4 results, Aditya Birla Sun Life AMC profit declines, Infosys, Adani Energy, Cyient, Tata Capital to announce Q4 results


Business people using pen,tablet,notebook are planning a marketing plan to improve the quality of their sales in the future. istock photo for BL
| Photo Credit:
Jirapong Manustrong

Q4 Results Today, April 23, 2026, Updates: Find all the latest Q4 results 2026 updates of Aditya Birla Sun Life AMC Ltd, Adani Energy Solutions Ltd, Aurum PropTech Ltd, BlueStone Jewellery and Lifestyle Ltd, Choice International Ltd, CIE Automotive India Ltd, Cyient Ltd, Gujarat Hotels Ltd, Hindustan Composites Ltd, Himadri Speciality Chemical Ltd, Indian Energy Exchange Ltd, Infosys Ltd, Jonjua Overseas Ltd, Khaitan Chemicals & Fertilizers Ltd, LTM Ltd, Mahindra Logistics Ltd, Morarka Finance Ltd, Onix Solar Energy Ltd, PAE Ltd, PH Capital Ltd, Rajesh Power Services Ltd, Sumeru Industries Ltd, Sterling and Wilson Renewable Energy Ltd, Tata Capital Ltd, Techindia Nirman Ltd, Tips Music Ltd, Toyam Sports Ltd, Tata Teleservices (Maharashtra) Ltd, Union Bank of India, and UTI Asset Management Company Ltd.

Trent, Tech Mahindra, Havells, LTTS, SBI Life Insurance, Tata Comm, OFSS, BCCL, Delta Corp and more in focus

Stay tuned for more updates from businessline

  • April 23, 2026 20:29

    (This live blog is now closed)

  • April 23, 2026 20:25

    Cyient board okays ₹720 cr share buyback

    The board of directors of Cyient Ltd has given the go-ahead for a ₹720 crore share buyback at ₹1,125 per share.

    Cyient board okays ₹720 cr share buyback

    Cyient’s board approves ₹720 crore share buyback, citing undervalued stock despite a 9.1% decline in Q4 net profit.

  • April 23, 2026 19:23

    Infosys Q4 net profit rises 20.8% to ₹8,501 crore on large deal wins

    IT major Infosys on Thursday reported a 20.8 per cent rise in consolidated net profit to ₹8,501 crore in the January-March quarter of FY26.

    The Bengaluru-headquartered firm had posted a net profit of ₹7,033 crore in the same period of FY25.

    Infosys Q4 net profit rises 20.8% to ₹8,501 crore

    Infosys reports a 20.8% increase in Q4 net profit to ₹8,501 crore, driven by strong revenue growth and AI strategy.

  • April 23, 2026 18:58

    Adani Energy Solutions Q4 profit grows 6% to ₹684 crore; FY26 PAT jumps 160%

    Adani Energy Solutions Ltd reported a modest rise in quarterly profit on the back of higher revenues and steady operational performance, even as the base was impacted by one-off gains last year.

    The Adani Group’s transmission and distribution arm posted a 6 per cent year-on-year increase in consolidated net profit at ₹684 crore for the March quarter, while revenue from operations rose 17 per cent to ₹7,443 crore, reflecting improved execution across its core businesses. 

    Adani Energy Solutions Q4 profit grows 6% to ₹684 crore; FY26 PAT jumps 160%

    Adani Energy Solutions reports Q4 profit rise of 6% to ₹684 crore, with FY26 PAT surging 160% amid strong revenue growth.

  • April 23, 2026 18:24

    Aditya Birla Sun Life AMC Q4 net down 18% at ₹187 crore on lower income

    Aditya Birla Sun Life Asset Management Company’s net profit in the March quarter fell 18 per cent to Rs ₹187 crore, against ₹228 crore logged in the same period last year, due to a decline in other income that dragged down total income in the quarter.

    Aditya Birla Sun Life AMC Q4 net down 18% at ₹187 crore on lower income

    Aditya Birla Sun Life AMC reports Q4 net profit down 18% to ₹187 crore amidst rising operational revenue and declining overall income.

  • April 23, 2026 16:00
    Quarterly results
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    Khaitan Chemicals & Fertilizers Q4 results live: Board recommended final dividend of Rs 0.05 per share.

  • April 23, 2026 15:37
    Stock market
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    Stock market live updates, Q4 results live: Sensex, Nifty end lower

    Sensex settled 852.49 pts or 1.09% lower at 77,664.00, and Nifty 50 was down 205.05 pts or 0.84% to 24,173.05.

  • April 23, 2026 14:51
    Quarterly results
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    Aurum PropTech Q4 results live: KEY RESULTS

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  • April 23, 2026 14:45
    Quarterly results
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    Tata Teleservices (Maharashtra) Q4 results live: Turns profitable

    Tata Teleservices (Maharashtra) reported net profit for the quarter ended March 2026 at Rs 580.93 crore compared to Rs 306.42 crore loss in the same quarter last year.

    Shares traded 5% positive on the NSE at Rs 46.37

  • April 23, 2026 14:40
    Quarterly results
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    Aditya Birla Sun Life AMC Q4 results live: Q4 profit declines

    Aditya Birla Sun Life AMC reported consolidated net profit for the quarter ended March 2026 at Rs 187.11 crore compared to Rs 228.08 crore in the same quarter last year. 

    In FY26, the PAT stood at Rs 975.07 crore compared to Rs 930.60 crore in the year-ago period.

    Board recommended final dividend of Rs 25.50 per share.

    Shares traded at Rs 1,046 on the NSE, up 2.55%.

  • April 23, 2026 14:13
    Quarterly results
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    Tips Music Q4 results live: KEY HIGHLIGHTS

    Screenshot 2026-04-23 141311.png

    (Highlights)

  • April 23, 2026 14:12
    Stock down
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    Union Bank Q4 results live: Shares tank

    Screenshot 2026-04-23 141149.png

    Union Bank shares traded lower after Q4 results.

  • April 23, 2026 13:55
    Quarterly results
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    Sterling and Wilson Renewable Energy Q4 results live: 

    Sterling and Wilson Renewable Energy reported standalone net loss for the quarter ended March 2026 at Rs 78.16 crore compared to Rs 92.18 crore profit in the same quarter last year.

    In FY26, the net loss stood at Rs 2,510.18 crore compared to Rs 318.26 crore profit in FY25.

    Shares traded at Rs 227.87 on the NSE, up 4%.

  • April 23, 2026 13:49
    Quarterly results
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    Union Bank of India Q4 results live: HIGHLIGHTS

    Reduction in NPA: Gross NPA (%) reduced by 78 bps on YoY basis to 2.82% and Net NPA (%) reduced by 15 bps on YoY basis to 0.48% as on 31.03.2026. 

    Strong Capital Ratios: CRAR stood at 18.10% as on 31.03.2026. CET-1 ratio improved from 14.98% as on 31.03.2025 to 15.69% as on 31.03.2026. 

    Returns: Bank’s Return on Assets & Return on Equity stands at 1.25% and 15.86% respectively during FY26.

  • April 23, 2026 13:31
    Quarterly results
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    Union Bank Q4 results live: Key Highlights

    Screenshot 2026-04-23 133043.png

    (Investor presentation)

  • April 23, 2026 13:27
    Quarterly results
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    Union Bank of India Q4 results live: KEY HIGHLIGHTS

    Screenshot 2026-04-23 132723.png

  • April 23, 2026 13:21
    Finance
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    Union Bank of India Q4 results live: 

    Union Bank of India reported standalone net profit for the quarter ended March 2026 at Rs 5315.76 crore compared to Rs 4984.82 crore in the same quarter last year.

    Board recommended a dividend of Rs 5 per share.

    Shares traded at Rs 182.52 on the NSE, down 6%.

  • April 23, 2026 12:42
    Stock down
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    Trent Q4 results live: Shares down

    Trent shares slip 2.5% despite analyst Buy ratings after strong Q4

    Trent shares drop 2.5% despite positive analyst ratings following strong Q4 results and upcoming equity fundraise concerns.

  • April 23, 2026 12:36
    Stock market
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    Stock market live, Q4 results live: Sensex, Nifty trade lower

    Sensex tanked 836.34 pts or 1.07% to 77,680.15 at 12.35 pm, and Nifty 50 was down 199.15 pts or 0.82% to 24,178.95.

  • April 23, 2026 12:33
    Quarterly results
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    Havells India Q4 results live:

    Havells India shares drop 6.5% after Q4 show, brokerages flag demand concerns despite profit growth

    Havells India shares plunge 6.5% post-Q4 results, as weak revenue growth raises demand concerns despite strong profit increase.

  • April 23, 2026 11:53
    Stock down
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    Havells India Q4 results live: Shares in red

    Havells India shares fell 6.5% on the NSE to Rs 1,260.10. It reported standalone net profit for the quarter ended March 2026 at Rs 734.24 crore, 40.5% higher y-o-y from Rs 522.26 crore in the same quarter last year.

  • April 23, 2026 11:23
    Stock up
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    Infosys Q4 results live: Shares flat ahead of results

    Screenshot 2026-04-23 112253.png

  • April 23, 2026 11:12
    Quarterly results
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    Infosys Q4 results live: Company set to announce Q4 results today

    Infosys is set to report its Q4FY26 results on April 23, with expectations of muted sequential performance, marginal margin improvement, and a cautious FY27 growth guidance of around 2–5 per cent in constant currency amid macro uncertainty. Below are a few other key metrics to look out for:

  • April 23, 2026 10:27
    Stock down
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    LTTS Q4 results live: Shares in focus

    LTTS shares traded 1% lower at Rs 3,498.60 on the NSE at 10.23 am, hitting a low of Rs 3,458 from the previous close of Rs 3,550.20.

    Company posted standalone net profit for the quarter ended March 2026 at Rs 302.4 crore compared to Rs 314.4 crore in the same quarter last year.

    Board recommended final dividend of Rs 40 per share.

  • April 23, 2026 10:21
    Stock down
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    Bharat Coking Coal Q4 results live: Shares fall

    Bharat Coking Coal shares fell 5% to Rs 34.12 at 10.19 am.

    Company reported net profit for the quarter ended March 2026 at Rs 27.28 crore compared to Rs 66.50 crore in the same quarter last year. 

    As per approved mechanism of import parity pricing, and in line with the MoU with SAIL, the Board has approved the price of Washed Coking Coal, effective from 00:00 hours of 1st April, 2026 for Q1 of FY 2026–27. The basic price is ₹13,403/- per MT for Washed Prime Coking Coal and ₹10,937/- per MT for Washed Medium Coking Coal. Other charges, levies and taxes shall be applicable over and above. Further, the Board has approved revision of evacuation charges for washery products w.e.f. 1st April, 2026. The approved recovery amounts are ₹731/₹878 per MT (PCC/MCC) for Washed Coal @ 65%, ₹225/₹270 per MT for Washed Power Coal @ 20%, and ₹169/₹202 per MT for Rejects/Slurry @ 15%, which shall be recovered through invoices in addition to existing evacuation charges. 

    BCCL Board has approved the waiver of Performance Incentive and Discount in Price to Power Consumers (upto 10% in various slabs) for lifting beyond 100% of Annual Contracted Quantity

  • April 23, 2026 10:17
    Quarterly results
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    OFSS Q4 results live: Shares gain

    Oracle Financial Services Software shares traded 5% higher on the NSE at Rs 8,552.50.

    Company posted standalone net profit for the quarter ended March 2026 at Rs 1111.1 crore compared to Rs 1835.5 crore in the same quarter last year.

    Revenue from operations increased to Rs 1566.3 crore during the quarter under review compared to Rs 1289.5 crore in the same quarter previous year.

    Board approved second interim dividend of Rs 270 pre share.

  • April 23, 2026 10:06
    Quarterly results
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    Delta Corp Q4 results live: Shares reverse early loss

    Delta Corp shares traded 6% higher on the NSE at Rs 72.13, soaring to Rs 73.44 from the previous close of Rs 68. Stock opened at Rs 66.50.

    Standalone profit for the quarter ended March 2026 stood at Rs 50.58 crore compared to Rs 59.35 crore in the same quarter last year.

    Board recommended final dividend of Rs 0.50 per share.

  • April 23, 2026 09:48
    Info tech
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    Tech Mahindra Q4 results live:

    CITI on Tech Mahindra

    Sell, TP Rs 1275

    Inline 4Q on EBIT vs Citi ests.

    Subcontractor expenses were +17% qoq (12% of revenue vs 10.7% qoq); OCF/EBITDA TTM at 68% vs 83% yoy.

    Forward looking indicators –

    (a) Commentary – Accelerating transition to an AI-led organization; on track to deliver FY27 commitments (above peer average growth & 15% EBIT margins)

    (b) Deal TCV (net new) +41% yoy on TTM basis

    (c) IT headcount -6.5% yoy; utilization running at close to highs

    TechM has been executing reasonably well in a tough industry environment; valuations at 19.2x FY27E consensus EPS (vs HCLT – 17.6x, TCS – 16.3x, Infosys – 16.5x) price in +ves.

    HSBC on Tech Mahindra

    Buy, TP Rs 1780

    Reported a good quarter & reiterated its FY27 targets of 15% EBIT margin and above-peer group revenue growth

    Telecom remains a strong vertical market for TechM, largely driven by its market share gains in European telcos

    Expect higher earnings growth in the medium to long term compared to larger peers

    Jefferies on Tech Mahindra

    U-P, TP Rs 1225

    Revenues/margins were in line, but profits missed estimates due to Fx losses

    Raise EPS by 2-3% on INR depreciation.

    Strong deal wins, improving outlook for comms vertical and improving margins will support 3.6%/13% CAGRs in cc revenues and EPS over FY26-29.

    TechM’s 16% premium to Infosys limits upsides in our view.

  • April 23, 2026 09:47
    Stock market
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    Q4 results live: Trent | Brokerages view

    CITI on Trent

    Sell, TP raised to Rs 4100

    While revenue growth of 20% YoY was 2% above Citi est, EBITDA/PAT growth of 40%/30% was 12%/23% ahead of Citi est. Beat on EBITDA was primarily GM-led (+171bps YoY to 44.3% vs Citi est of 42.5%)

    Believe GM likely benefited from inventory provisioning reversal.

    Trent’s execution on operating cost remained strong: employee/rent expense (pre–IND AS) on per sq ft basis declined 19%/11% YoY.

    Board also approved proposal for Rs25bn equity fund raise (for store upgradation, new formats, supply chain, select investments in retail real estate for Star, etc).

    Bernstein on Trent

    O-P, TP Rs 5000

    Back on track with growth and margin beat again

    Rights issue doesn’t excite.

    This quarter (finally) delivered both – a return to 20% growth profile with margin expansion.

    Medium term, expect Trent to maintain a 20% growth trajectory with a stable 11% Operating EBIT margin.

    Near term, look for (i) Impact of macro conditions which can be potential headwinds – input cost inflation, supply disruptions, demand uncertainty ++ (ii) More details about rights issue & usage of proceeds.

    HSBC on Trent

    Buy, TP Rs 4830

    Beat on EBITDA (15% to consensus) driven by higher gross margins; LFL was low-single digits for fashion concepts

    Fund raise of INR25bn announced; await granularity, but Star business expansion is monitorable

    Key downside risk: a larger negative impact on store productivity than expect, especially from competition, which could drive further multiple compression.

    Jefferies on Trent

    Hold, TP Rs 4675

    Strong growth in 4Q helped by store expansion (esp. Zudio) and an improving LFL.

    Op leverage benefits along with self-help measures drove c40% YoY growth in Op EBITDA, well ahead of ours/consensus estimates.

    Mgmt commentary seemed cautious on near-term demand due to geopolitical uncertainty which may also feed into higher costs.

    Trent continues to stay focused on densifying key markets and expanding further into smaller cities.

    Morgan Stanley On Trent

    Recommendation Overweight, Target ₹4835 

    Key Points:Q4: Margin Beat

    Consumer sentiment was stable, although discretionary spending moderated owing to macro uncertainties

    Management saw early raw material inflation and supplier labour tightness, which was mitigated through calibrated sourcing

    Strategy remains intact to drive the share of revenues in proximate markets

  • April 23, 2026 09:45
    Info tech
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    Oracle Financial Services Software Q4 results live: Highlights

    Oracle Financial Services Software Limited Q4FY26 Results:-

    Revenue 2065.20 Cr vs 1716.30 Cr

    (+20.33% YoY┃+5.05% QoQ)

    EBITDA 1056.30 Cr vs 764.70 Cr

    (+38.13% YoY ┃+28.88% QoQ)

    EBITDA Margin 51.15% vs 44.56% YoY & 41.69% QoQ

    PBT 1120.10 Cr vs 839.00 Cr

    (+33.50% YoY┃+30.64% QoQ)

    PAT 841.70 Cr vs 643.90 Cr

    (+30.72% YoY┃+38.07% QoQ)

  • April 23, 2026 09:44
    Stock down
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    Tech Mahindra Q4 results live: Shares in red

    Tech Mahindra shares down 2% to Rs 1,427.80 after a positive opening at Rs 1,470.20 and soaring to Rs 1,473.90.

    The company reported a 16 percent annual increase in net profit of ₹1,353 crore in the March-ending quarter

  • April 23, 2026 09:26
    Stock up
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    Trent Q4 results live: Shares flat

    Trent shares flat on the NSE at Rs 4,451.60 after opening at Rs 4,440 and soaring to Rs 4,460. It reported a 13 per cent rise in consolidated net profit to ₹1,741 crore in FY26.

  • April 23, 2026 09:18
    Stock market
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    Stock market live, Q4 results today live updates: Sensex, Nifty 50 trade lower

    Sensex traded 814.86 pts or 1.04% lower at 77,701.63 at 9.16 am after opening at 77,983.66 from the previous close of 78,516.49, and Nifty 50 fell 186.25 pts or 0.76% to 24,191.85.

Published on April 23, 2026



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Brazil displaces India as largest exporter of corn to Bangladesh

Brazil displaces India as largest exporter of corn to Bangladesh


Brazil has overtaken India as the top supplier of corn (maize) to Bangladesh, marking a significant shift in South Asia’s feed grain trade.

For years, India dominated this corridor, leveraging price competitiveness, proximity and faster delivery cycles to meet Bangladesh’s growing demand. That edge has eroded since 2024, as rising domestic use of maize for ethanol production squeezed exportable surplus.

The resulting supply gap has opened the door for Brazil, which has rapidly scaled up shipments to capture market share in Bangladesh, reshaping a route once firmly in India’s control.

Rising demand

According to the latest USDA Foreign Agricultural Service report, Brazil accounted for 78 per cent of Bangladesh’s total corn imports till February in the 2025-26 marketing year, emerging as the dominant supplier. India and the US held 11 per cent each during this period. Bangladesh imported nearly 1.5 million tonnes (mt) of corn over these months.

For MY 2025-26, the Post pegged Bangladesh’s corn imports at 1.8 mt, driven by rising demand from an expanding feed industry and softer global prices. This is 27.2 per cent higher than the previous year, with consumption increasing across poultry, dairy and aquaculture sectors, where corn is a key feed ingredient.

Bangladesh, which accounted for around half of India’s maize exports in calendar 2022, has sharply reduced its share during 2023-25 amid higher Indian prices and growing domestic demand linked to ethanol blending and the feed sector.

India exported over 3.55 mt of maize in calendar 2022, of which Bangladesh accounted for an estimated 1.82 mt. In 2023, shipments to Bangladesh dropped to over 0.55 mt out of total exports of 2.33 mt. By 2024, exports to Bangladesh fell to just 16,266 tonnes, within total shipments of 0.50 mt. In 2025, volumes declined further to 11,991 tonnes out of 0.44 mt.

Higher prices

Trade sources said Indian maize lost competitiveness in global markets due to elevated domestic prices, leading to a sharp slowdown in exports to Bangladesh.

However, exports to Bangladesh have picked up recently as domestic prices eased and export parity improved, said Rahul Chauhan. Shipments to other destinations such as Nepal and Vietnam have also gained traction, with Vietnam emerging as a relatively new buyer.

The Post report also noted that US corn made a return to the Bangladesh market in MY 2025/26 after a gap since 2018, with exports estimated at around 160,000 tonnes.

Published on April 23, 2026



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HSBC downgrades India to Underweight on inflation, demand concerns

HSBC downgrades India to Underweight on inflation, demand concerns


Global banking major HSBC has downgraded India’s equity market rating to “underweight” from “neutral”, flagging concerns over rising inflation and weakening domestic demand that could impact corporate earnings growth.

The brokerage said current consensus expectations of around 16 per cent year-on-year earnings growth for 2026 are likely to be revised downward as macroeconomic headwinds intensify. India’s heavy reliance on imported energy leaves it exposed to elevated global oil and gas prices, which could push up costs across sectors and erode profitability.

HSBC noted that higher energy prices may soon translate into increased fuel costs for consumers, especially after the conclusion of the State elections. This, in turn, could trigger a fresh rise in inflation, undermining consumption demand and slowing the broader economic recovery.

The report also warned that inflationary pressures could spill over into the financial sector, with a potential rise in non-performing loans as borrowers face tighter conditions. Such developments would pose downside risks to corporate earnings and financial stability.

Although equity valuations in India have corrected from earlier highs, HSBC cautioned that they may appear expensive again as earnings downgrades begin to reflect in market expectations. Without a strong cyclical recovery, valuations could remain a constraint on further market upside.

Cautious stance

Foreign investor sentiment towards India remains cautious amid concerns over growth, currency volatility and global uncertainty. The rupee (₹) is seen as vulnerable to depreciation if oil prices stay elevated, which could further dampen foreign inflows and returns.

HSBC also highlighted that investors are increasingly assessing the impact of artificial intelligence on India’s key software services sector, adding another layer of uncertainty to the outlook.

While domestic investment flows, particularly through systematic investment plans, continue to provide support to the market, HSBC said India currently appears less attractive relative to its North-East Asian peers in the prevailing environment.

Despite the downgrade, the brokerage maintained that selective opportunities remain in sectors such as private banking, base metals and healthcare, even as the broader market outlook turns cautious.

Published on April 23, 2026



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Union Bank reports 7% increase in Q4 FY26 net profit at ₹5,316 crore

Union Bank reports 7% increase in Q4 FY26 net profit at ₹5,316 crore


The bank’s board recommended a dividend of ₹5 per equity share of ₹10 each for FY26
| Photo Credit:
K_M_DAYASHANKAR

Union Bank of India (UBoI) reported a 7 per cent year-on-year (y-o-y) increase in fourth quarter (Q4FY26) standalone net profit at ₹5,316 crore on the back of a decline in operating expenses, sharply lower loan loss provisions, and write-back in provisions on standard assets.

The public sector bank reported a net profit of ₹4,985 crore in the year-ago quarter (Q4FY25). The bank’s board recommended a dividend of ₹5 per equity share of ₹10 each for FY26.

In FY26, UBoI reported a 4 per cent y-o-y increase in net profit at ₹18,697 crore (₹17,987 crore in FY25).

In the reporting quarter, the bank’s net interest income (NII) (difference between interest earned and interest expended) was marginally lower at ₹9,406 crore (₹9,514 crore in the year-ago period).

Other income, including fee-based income, treasury income, recovery in written-off account and interest on income-tax refund, declined about 3 per cent to ₹5,412 crore (₹5,559 crore).

As at March-end 2026, global deposits and advances increased by 3 per cent y-o-y (to ₹13,06,891 crore) and 10 per cent y-o-y (to ₹10,78,611 crore), respectively.

Asheesh Pandey, MD & CEO, noted that the bank shed bulk term deposits aggregating about ₹70,000 crore during the reporting FY even as CASA (current account, savings account) plus retail term deposits increased by about ₹1.05 lakh crore.

He emphasised that the bank has built-up a corporate loan pipeline of about ₹55,000 crore. CASA deposits rose to 35.21 per cent of domestic deposits from 33.51 per cent.

With credit growth outpacing deposit growth, the Bank added bulk term deposits aggregating ₹22,904 crore in the reporting quarter. Pandey expects advances and deposits to grow 13-4 per cent and 8-9 per cent, respectively.

NPAs decline

While provisioning for non-performing assets (NPAs) declined to ₹423 crore (against ₹1,676 crore in Q4FY25), provision for non-performing investments was at ₹176 crore (against a write-back of ₹18 crore). The bank received a higher write-back of ₹252 crore (₹183 crore) from provision on standard assets.

UBoI made a one-time “other standard asset” provision of ₹700 crore considering the likely impact of the West Asia war on MSME loans.

Net interest margin (NIM) declined to 2.64 per cent in Q4FY26 against 2.87 per cent in the year-ago period.

Gross non-performing assets’ (NPAs) position improved to 2.82 per cent of gross advances as at March-end 2026 against 3.60 per cent as at March-end 2024. Net NPAs position too improved to 0.48 per cent of net advances against 0.63 per cent.

Within overall advances, RAM (retail, agriculture and MSME) advances and large corporate advances were up by 12.56per cent and 6.39 per cent, respectively.

UBoI shares closed at ₹179.65apiece, down 7.4 per cent over the previous close on BSE.

Published on April 23, 2026



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