Axis Bank misses profit forecast on lower trading income

Axis Bank misses profit forecast on lower trading income


Indian private lender Axis Bank reported a marginal drop in fourth-quarter profit on Saturday, ​hurt by lower income from treasury operations and higher ‌provisions, and missing analyst estimates for a ​gain.

The country’s third-largest private lender by ⁠market capitalisation posted a 0.7 per cent fall in standalone net profit to ₹7,071 crore for the January-March quarter, down ‌from ₹7,118 crore a year earlier.

Analysts had expected a profit of ₹7,316 crore, according to data compiled by LSEG.

Treasury ‌operations’ ⁠pre-tax profit dropped nearly 77 per cent to 303 crore as bond yields rose during the quarter. The Reserve Bank of India’s curbs on forex arbitrage further constrained trading ​income.

Provisions and contingencies ‌more than doubled to 3,522 crore compared to last year due to a voluntary exercise and were not tied to any falling asset ‌quality or other adverse concerns, Axis said ​in its earnings statement.

Axis Bank’s loans grew 19 per cent year-on-year as of the end ⁠of March, while deposits rose 14 per cent.

Credit growth, which moderated over several quarters last year, rebounded in the ‌third quarter to the end of December, supported by sweeping consumption tax cuts and easing inflation.

That momentum has carried into the current quarter as loan growth remained resilient, driven by steady demand across retail and micro, small and medium enterprises (MSME), ‌while working capital also picked up, marking a recovery ​in corporate loans.

Last week, larger peers HDFC Bank and ICICI Bank beat quarterly profit ⁠estimates aided by strong loan growth.

Net interest income – the ⁠difference between interest earned on advances and paid on deposits – rose 5 per cent to 144.57 ‌billion rupees.

Axis Bank’s gross non-performing asset ratio was 1.23 per cent at the end of March, compared with ​1.40 per cent in the December quarter. 

Published on April 25, 2026



Source link

US says it's hunting for explosive mines in latest push to open Strait of Hormuz

US says it's hunting for explosive mines in latest push to open Strait of Hormuz


President Donald Trump says the US Navy is clearing Iranian mines from the Strait of Hormuz, a vital sea route for oil shipments whose disruption is increasingly threatening the global economy.

Sweeping for underwater explosives could take months despite a tenuous ceasefire between the United States and Iran in the weekslong war, experts say. Any future claims that the US cleared the waterway where 20 per cent of the world’s oil typically passes might fail to convince commercial freighters and their insurers that it is finally safe.

“You don’t even have to have laid mines — you just have to make people believe that you’ve laid mines,” said Emma Salisbury, a scholar at the Foreign Policy Research Institute’s National Security Program.

“And even if the US sweeps the strait and says everything’s clear, all the Iranians have to do is say, Well, actually, you haven’t found them all yet,’” said Salisbury, who is also a fellow at the Royal Navy Strategic Studies Centre. “There’s only so much the US can do to give that confidence back to commercial shipping.” Seeking out mines is one of the latest tactics announced by the Trump administration to get traffic moving again through the strait, as rising energy prices and wider economic effects pose a political risk. The US has also blockaded Iran’s ports, seized ships tied to Tehran and planned to take part in a second round of ceasefire talks in Pakistan this weekend.

Hegseth doesn’t deny that mine-clearing could take 6 months

Pentagon officials told lawmakers it would likely take six months to clear the mines that Iran has set in the strait, according to a person familiar with the situation who spoke on condition of anonymity to discuss the sensitive information. The information was delivered during a classified briefing at the House Armed Services Committee on Tuesday.

When asked about the estimate, Defence Secretary Pete Hegseth told reporters Friday that the military would not speculate on a timeline, but he did not deny it.

“Allegedly, that was something that was said,” Hegseth said at a Pentagon news conference. “But we feel confident in our ability, in the correct period of time, to clear any mines that we identify.” Trump said he has ordered the Navy to attack any boat laying mines in the strait.

“Additionally, our mine sweepers are clearing the Strait right now,” the president said on social media Thursday. “I am hereby ordering that activity to continue, but at a tripled-up level!” Adm. Brad Cooper, the top US commander in the Middle East, recently told reporters that the military would be working to clear mines from the strait. He did not offer details.

There is no indication that the US military is using warships, its most visible mine-clearing assets, in the strait now.

But the Navy also has divers and small teams of explosive ordnance disposal technicians in the region that are capable of clearing mines. They are a less obvious target than a large warship.

Experts also say some mine-clearing equipment could be moved off ships and deployed from land.

It’s easier for Iran to lay mines than it is to find them, an expert says

It is unclear whether a single mine has been deployed. Iran has mentioned only the “likelihood” of mines in the strait’s prewar routes.

Estimates of Iran’s mine stockpiles are in the low thousands, said Salisbury, of the Foreign Policy Research Institute. Most of its underwater explosives are believed to be older Soviet models. Some of its newer ones may be from China or made domestically.

“Minelaying is a lot easier than minesweeping, so you can literally push these things off the back of a speedboat,” Salisbury said, though she noted the US could likely see that.

Iran also has small submarines that can lay mines and are much harder to detect, Salisbury added. She said she has not seen indications that they have been destroyed in the war.

If Iran has set mines in the strait, they are not the spiky balls floating on the surface seen in the movies, Salisbury said. The explosives are likely sitting on the seabed or moored to it by a cable and floating under the surface. They can be triggered by the water pressure changing when a ship passes or by the sound of its engine.

How the US can sweep for mines in the Strait

The US Navy now has two littoral combat ships in the Middle East that are capable of sweeping for mines, said a defence official, who spoke on condition of anonymity to discuss sensitive military movements.

Two US Avenger-class minesweepers based in Japan also have departed for the Middle East but were in the Pacific Ocean as of Friday, the official said.

Steven Wills, a retired lieutenant commander who served on an Avenger-class ship, said the Navy is likely looking for sea explosives in order to create a safe channel through the strait. Minesweeping is a slower process that usually occurs after a conflict.

“Minehunting is walking through your yard, pulling individual weeds and dandelions so that you can walk safely from one side to the other. Minesweeping is more like mowing the grass,” said Wills, an expert at the Centre for Maritime Strategy at the Navy League of the United States.

Scott Savitz, a researcher with the RAND Corp. who focuses on naval operations and mine clearing, said the Navy does not necessarily have to remove every last mine.

“There are still areas that have not been cleared from World War II — and in some cases, World War I — just because it is so resource-intensive and it takes a lot of time,” he said.

Teams on the Navy’s littoral combat ships can deploy remotely operated, uncrewed vehicles that use sonar and other technology to find mines, Wills said. They also carry charges to destroy the explosives.

US Navy ships may also have explosive ordnance disposal teams, including divers, that can hunt for and destroy mines, Wills said. Helicopters can search for mines using lasers.

Shipping companies are weighing the risks

Eventually, shipping companies will be willing to take some risks to travel through the strait “particularly given how lucrative it is,” Savitz said.

Under Iran’s approval procedure for vessels wanting to transit the strait, ships must take a different route than before the war — to the north, near Iran’s coastline.

Insurers are adding a clause that requires ship owners to contact Iranian authorities to ensure safe passage, said Dylan Mortimer, UK marine war leader for insurance broker Marsh.

That certification does not mention mines specifically and is intended to protect against the entire spectrum of threats, including missile and drone attacks or seizures, Mortimer said.

But mine do, at the very least, play a psychological role, a phenomenon Mortimer called the “spectre of threat.” “That plays in the Iranians’ favour, because whether there are mines there or not, people think there are mines there, and they will operate accordingly,” Mortimer said.

Those fears could mean it takes longer to restore confidence that the Strait is safe, even after the war.

Published on April 25, 2026



Source link

FPIs turn net sellers for the week, dump ₹344 crore on Friday even as debt inflows offer cushion

FPIs turn net sellers for the week, dump ₹344 crore on Friday even as debt inflows offer cushion


Foreign portfolio investors (FPIs) in the week ended April 24, 2026 were marginal net sellers in Indian markets — the latest chapter in what has been an 18-month exodus that has seen FPIs pull out more than $45 billion from India since September 2024. The week’s flow pattern shows a sharp reversal from early buying to sustained selling in the latter half, according to data from the National Securities Depository Ltd (NSDL).

“Since September 2024, FIIs have pulled out more than $45 billion from India. As a result, India’s weight in the MSCI index has declined from a peak of around 20 per cent to nearly 12 per cent today,” said N. ArunaGiri, CEO of TrustLine Holdings, noting that the divergence has surprised even seasoned observers — particularly after the West Asia ceasefire announcement in early April, which had raised hopes of a flow reversal.

On a cumulative basis across all asset classes — equity, debt, hybrid, mutual funds, and AIFs — FPIs recorded a net outflow of ₹344.28 crore on Friday, April 24, dragging the week’s overall tone into negative territory. The week had opened on a positive note, with Monday, April 21, recording a net inflow of ₹18.14 crore, followed by a sharper recovery of ₹1,164.74 crore on Wednesday, April 22. However, Thursday’s net inflow of just ₹330.29 crore gave way to Friday’s outflow, confirming a deterioration in sentiment through the week.

Equity bore the brunt of the selling. On Friday, FPIs recorded a net equity outflow of ₹2,469.67 crore — the steepest single-session equity sell-off of the week. This came after Thursday’s equity net outflow of ₹1,249.90 crore, which itself followed a positive equity print of ₹595.21 crore on Wednesday. Monday and Tuesday saw modest equity inflows of ₹2,068.84 crore and ₹507.38 crore, respectively, making the late-week reversal all the more stark.

“The flow pattern through the week reflects a shift in sentiment, with FIIs remaining net buyers during the first three trading sessions, before reversing course and turning sellers in the latter half,” said Himanshu Srivastava, Principal Manager Research at Morningstar Investment Research India. “…global macro factors, particularly inflation expectations, the interest rate outlook, and commodity price movements continue to dominate foreign investor behaviour,” he added.

Debt markets, however, told a different story. The Debt-FAR (Fully Accessible Route) segment was the standout performer, registering net inflows across all five sessions — ₹1,168.62 crore on Monday, ₹30.21 crore on Tuesday, ₹615.03 crore on Wednesday, ₹1,906.73 crore on Thursday, and a substantial ₹2,422.50 crore on Friday. The consistent FAR inflows provided a meaningful offset to equity outflows, particularly on Friday when they prevented the total outflow figure from widening further.

The Debt-General Limit and Debt-VRR segments, by contrast, remained in negative territory for most of the week. On Friday, Debt-General posted a net outflow of ₹83.09 crore, while Debt-VRR recorded an outflow of ₹84.34 crore. The hybrid segment also saw persistent net selling, with Friday’s outflow at ₹147.80 crore — the largest hybrid outflow of the week.

“FIIs remained net sellers in all the five trading sessions last week, with the quantum of selling increasing in the second half of the week,” noted Pabitro Mukherjee, Associate Vice-President – Research at Bajaj Broking, referencing provisional exchange data. “…geopolitical news continues to dominate institutional flows,” he said.

The rupee’s slide added another layer of complexity. The conversion rate moved from ₹92.72 per dollar on Monday to ₹94.08 on Friday, reflecting a depreciation of over 1.4 per cent through the week — a dynamic that analysts say weighs on dollar-adjusted returns for foreign investors. “Currency dynamics may also have played a role, with the rupee facing intermittent pressure, thereby impacting dollar-adjusted returns,” Srivastava said.

Looking at the week’s cumulative net investment figures in dollar terms: Monday’s total net stood at just $1.95 million, Tuesday at $42.62 million, Wednesday at $124.66 million, Thursday at $35.21 million, and Friday at negative $36.59 million — underscoring how quickly sentiment shifted.

ArunaGiri pointed to deeper structural reasons for FPI reluctance. “FIIs are predominantly large-cap, top-down investors. Their participation typically requires clear sectoral leadership. Currently, that visibility is limited,” he said, adding that the IT sector’s derating and muted performance in private banks — traditionally a core FII allocation — have reduced India’s relative attractiveness in a global framework. “…until these factors align — a clear earnings acceleration cycle and supportive currency trends — expecting a sharp return of FII flows may be optimistic,” he said.

Published on April 25, 2026



Source link

गौतम अडानी की दौलत में जबरदस्त उछाल, 100 बिलियन डॉलर क्लब में एंट्री; बिल गेट्स से कड़ी टक्कर

गौतम अडानी की दौलत में जबरदस्त उछाल, 100 बिलियन डॉलर क्लब में एंट्री; बिल गेट्स से कड़ी टक्कर


Show Quick Read

Key points generated by AI, verified by newsroom

  • गौतम अडानी की संपत्ति 106 अरब डॉलर तक पहुंची, 17वें स्थान पर।
  • एक दिन में 59,000 करोड़ रुपये की संपत्ति में वृद्धि हुई।
  • अडानी समूह इंफ्रा, ऊर्जा, पोर्ट्स, सीमेंट, मीडिया में सक्रिय है।
  • एलोन मस्क 647 अरब डॉलर की संपत्ति के साथ सबसे अमीर।

Gautam Adani Net Worth Surge: भारत के दिग्गज उद्योगपति गौतम अडानी की संपत्ति में हाल के दिनों में तेज बढ़ोतरी देखने को मिली हैं. ब्लूमबर्ग बिलेनियर इंडेक्स के अनुसार उनकी नेटवर्थ करीब 106 बिलियन डॉलर तक पहुंच गई थी. जिसके बाद वे दुनिया के अमीरों की सूची में 17वें स्थान पर आ गए थे. 

संपत्ति के मामले में गौतम अडानी ने Bill Gates को भी पीछे छोड़ दिया था. हालांकि, संपत्ति में हुई गिरावट की वजह से वे फिर इस पायदान से फिसल गए हैं. इसके बावजूद भी वे 100 बिलियन डॉलर से ज्यादा संपत्ति रखने वाले खास क्लब में भी शामिल हो चुके हैं और दुनिया के 18वें सबसे अमीर आदमी हैं. जहां दुनिया के गिने-चुने लोग ही पहुंच पाते हैं.

एक दिन में 59,000 करोड़ की बढ़त

ब्लूमबर्ग बिलिनेयर इंडेक्स के मुताबिक, Gautam Adani की संपत्ति में एक ही दिन में करीब 7.16 अरब डॉलर यानी करीब 59,000 करोड़ रुपये का इजाफा हुआ है. इसके बाद उनकी कुल नेटवर्थ बढ़कर 106 अरब डॉलर यानी करीब 10 लाख करोड़ रुपये तक पहुंच गई थी. जिससे वे दुनिया के अमीरों की सूची में 17वें पायदान पर आ गए थे.

साल 2026 में जबरदस्त उछाल

साल 2026 की बात करें तो अब तक उनकी कुल संपत्ति में करीब 21.4 अरब डॉलर, भारतीय रुपयों में करीब 2 लाख करोड़ से ज्यादा की बढ़त देखने को मिली है. यह तेजी इस बात का संकेत है कि अडानी ग्रुप के शेयरों और उसके कारोबार पर निवेशकों का भरोसा लगातार बना हुआ हैं.

अलग-अलग सेक्टरों से आती हैं कमाई

Gautam Adani की कमाई कई सेक्टर में फैले कारोबार के जरिए होती है. अडानी ग्रुप इंफ्रास्ट्रक्चर डेवलपमेंट, ग्रीन और क्लीन एनर्जी प्रोजेक्ट्स, पोर्ट्स, सीमेंट, डेटा सेंटर और मीडिया जैसे अलग-अलग क्षेत्रों में एक्टिव हैं. इन सभी बिजनेस में लगातार ग्रोथ और ग्रुप की कंपनियों के शेयरों में तेजी की वजह से उनकी संपत्ति तेजी से बढ़ी हैं.

दुनिया के सबसे अमीर शख्स बने हुए हैं मस्क

Elon Musk इस वक्त 647 अरब डॉलर की संपत्ति के साथ दुनिया के सबसे अमीर व्यक्ति बने हुए हैं. उनकी नेटवर्थ में हाल ही में 1.85 अरब डॉलर का इजाफा हुआ है. टेक्नोलॉजी सेक्टर से जुड़ा उनका कारोबार लगातार उन्हें नंबर एक की कुर्सी पर बनाए हुए हैं.

यह भी पढ़ें: 

221 करोड़ का बंगला! मुंबई के पॉश इलाके में हुई साल की सबसे बड़ी रियल एस्टेट डील



Source link

221 करोड़ का बंगला! मुंबई के पॉश इलाके में हुई साल की सबसे बड़ी रियल एस्टेट डील

221 करोड़ का बंगला! मुंबई के पॉश इलाके में हुई साल की सबसे बड़ी रियल एस्टेट डील


Show Quick Read

Key points generated by AI, verified by newsroom

  • मुंबई में 70 साल पुराना सी-फेसिंग बंगला 221 करोड़ में बिका।
  • हेरिटेज स्टेटस वाला ‘लीला बंगला’ आर्ट डेको शैली में बना है।
  • नोटनदास रियलिटी ने करीब 8,480 वर्गफुट में फैले बंगले को खरीदा।
  • बंगले की कीमत प्रति वर्गफुट 2.60 लाख रुपये से अधिक रही।

Mumbai Bungalow Deal: मुंबई के रियल एस्टेट बाजार में एक बार फिर एक लग्जरी प्रॉपर्टी सुर्खियों में है. जुहू तारा रोड पर स्थित यह सी-फेसिंग बंगला करीब 70 साल पुराना है. हालांकि, इसकी खास लोकेशन और हेरिटेज महत्व के कारण इसकी कीमत 221 करोड़ रुपये तय की गई है. दिलचस्प बात यह है कि इतनी ऊंची कीमत होने के बावजूद इसे खरीदने के लिए कई बड़े बिल्डर्स ने रुचि दिखाई. जिसके बाद यह प्रॉपर्टी बाजार में चर्चा का विषय बनी हुई है. 

बंगला को मिला है हेरिटेज स्टेटस 

जुहू तारा रोड पर बना ‘लीला बंगला’ करीब 70 साल पुराना है और इसे आर्ट डेको स्टाइल में तैयार किया गया है. इस प्रॉपर्टी को IIB ग्रेड का हेरिटेज स्टेटस मिला हुआ है. जिसकी वजह से इसे खरीदने वाला इसमें ज्यादा बदलाव नहीं कर पाएगा. हिंदुस्‍तान टाइम्‍स की एक रिपोर्ट के अनुसार, यह बंगला गौतम नानावती परिवार का है. जो मुंबई के नानावती मैक्स सुपर स्पेशियलिटी हॉस्पिटल से जुड़ा हुआ है.

बंगला की खासियत

यह दो मंजिला बंगला करीब 1,355 वर्गमीटर के प्लॉट पर बना हुआ है. जिसमें लगभग 8,480.68 वर्गफुट का बिल्ट-अप एरिया है. इसके साथ ही करीब 2,500 वर्गफुट का टैरेस और करीब 5,000 वर्गफुट का गार्डन भी मौजूद है. अगर कीमत को बिल्ट-अप एरिया के हिसाब से देखें, तो यह डील करीब 2,60,592 रुपये प्रति वर्गफुट के रेट पर हुई है.

पहले भी लग चुकी थी ऊंची कीमत

इस डील को JLL India फर्म ने मैनेज किया है. जानकारी के मुताबिक, इस बंगले को पहली बार साल 2022 में करीब 210 से 220 करोड़ रुपये के बीच बेचने के लिए बाजार में उतारा गया था. इसके बाद इस साल की शुरुआत में इसकी कीमत बढ़कर लगभग 250 करोड़ रुपये तक पहुंच गई थी.

किसने लगाया बंगला पर दांव

मुंबई के इस सी-फेसिंग बंगले को नोटनदास रियलिटी ने अपने नाम किया हैं. जो नोटनदास ज्वैलर्स ग्रुप से जुड़ी कंपनी है. इस डील में स्टांप ड्यूटी और रजिस्ट्रेशन पर भी अच्छी-खासी रकम खर्च की गई है. 

यह डील कंपनी के डायरेक्टर महेश नोटनदास जगवानी और उनके बेटे हर्ष महेश जगवानी ने साथ मिलकर पूरी की हैं. महेश जगवानी नोटनदास ज्वैलर्स के भी निदेशक हैं और बांद्रा में इसका शोरूम चलाते हैं. इस कारोबार की नींव नोटनदास परिवार के किशिन जगवानी ने 1983 में रखी थी.

यह भी पढ़ें: 

Gold Silver Price: वैश्विक अनिश्चितताओं के बीच सोने-चांदी की कीमतों में हल्की तेजी, जानिए आज का ताजा रेट

 



Source link

India, Australia at highest point of bilateral ties: Australian HC to India

India, Australia at highest point of bilateral ties: Australian HC to India


Australian High Commissioner to India Philip Green
| Photo Credit:
KVS GIRI

Philip Green, High Commissioner of Australia to India, said that both nations are at the highest point of their bilateral relations.

Green, while talking to ANI, said that the nations are strategically aligned through the QUAD and bilaterally have a vision for the Indo-Pacific.

“We’re at the highest point of our bilateral relations… We are deeply strategically aligned through the QUAD and bilaterally have a vision for the Indo-Pacific. We have a very strong complementary economy… the other part of our relationship is what we call the human bridge. More than a million people who call Australia their home are making a huge contribution to our bilateral relationship.”

Brigadier Damian Hill, Head of Australian Defence Staff in India, echoed Green and said, “We have long-standing ties. We’re about 4 years into the Comprehensive Strategic Partnership, but our ties are much greater and much longer than that.”

As the Middle East situation continues to ripple through the world economy in a trough, Green said that Australia has called for a de-escalation.

“The Australian government is calling for de-escalation in the Strait of Hormuz and across the whole theatre in West Asia. This is causing ripples, shockwaves around the world. It’s being felt in Australia; it’s being felt here in India. For us, the negotiation process is very important and the sooner that the parties can come to a conclusion and we can resume more normal traffic through the Strait of Hormuz, the better for all of us,” he said.

Hill said that peace in the region will result in peace in the Indo-Pacific too.

“We’re seeking to de-escalate. We’re after a peaceful and prosperous Indo-Pacific that enables us all to live in peace… we’re looking for it to stabilise because it’s in the best interests of the globe, that we are as peaceful a community as we can be, and indeed it impacts the globe. It doesn’t just impact those in Asia or in the Middle East; it impacts everyone globally,” Hill told ANI.

Earlier on April 18, Australian Prime Minister Anthony Albanese called for de-escalation in West Asia and the reopening of the critical Strait of Hormuz, stressing the need to keep the route free from tolls and privatisation amid the ongoing conflict.

Published on April 25, 2026



Source link

YouTube
Instagram
WhatsApp