Symbiosis launches Asia’s first UNESCO chair on gender inclusion in skills

Symbiosis launches Asia’s first UNESCO chair on gender inclusion in skills


Symbiosis Skills and Professional University (SSPU) has launched Asia’s first UNESCO Chair on Gender Inclusion and Skill Development, positioning India at the forefront of global conversations on gender and skilling.

The Chair was recently inaugurated by Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development and Entrepreneurship, during an international conference titled “Women Leading the Future of Work”, organised in collaboration with UNESCO. The event also saw participation from Aditi Tatkare, Maharashtra’s Minister for Women and Child Development, and Monica Nagelgaard as Guests of Honour.

Under its framework, the university has already trained over 10,000 underprivileged girls in areas such as robotics, automation, semiconductor technology, advanced manufacturing, and defence technology, with many securing employment and competitive salaries.

The conference brought together over 300 delegates, including policymakers, industry leaders, academic institutions, and global organisations. Key participants included representatives from the International Labour Organization and UNESCO-UNEVOC, along with industry leaders from companies such as Larsen & Toubro, IBM, Capgemini, and Barclays.

Mentoring Initiative

Discussions focused on expanding women’s participation in sunrise sectors including artificial intelligence, Industry 4.0, global capability centres, and defence technology. The event also featured the unveiling of a research compendium and the launch of the “Kushal Saathi” mentoring initiative for girls in STEM fields.

SSPU, which offers a range of undergraduate, postgraduate, and doctoral programmes in high-growth sectors, has recently introduced specialised courses such as B.Tech in Defence Technology and Semiconductor Technology. The university has also been ranked first in India under the Skill University category in the NIRF rankings for 2024 and 2025.

As part of strengthening industry-academia collaboration, SSPU signed memoranda of understanding with leading organisations, including Jabil and Larsen & Toubro Precision Engineering & Systems, to enhance skill-based training in advanced technologies.

Skill Gap

Jayant Chaudhary congratulated Symbiosis Skills and Professional University (SSPU), Pune on this achievement of brining one of its kind chair and mentioned how activities under it will help in bridging the skill gap among youth of India.

He said, “ India’s growth trajectory will be defined not only by scale but by how inclusively we empower our people. Initiatives like this UNESCO Chair ensure that women are at the forefront of emerging sectors such as semiconductors, advanced manufacturing and new-age

technologies. When skilling is aligned with industry demand and grounded in equity, it becomes a powerful driver of both economic progress and social transformation.”

Aditi Tatkare appreciatedefforts of Dr. Swati Mujumdar and SSPU’son reaching women from underserved communities and enabling them with skills that lead to real opportunities. Such initiatives are critical for building confidence, independence, and long­term empowerment among women.

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Published on April 25, 2026



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Axis Finance raises ₹750 cr from Kedaara Capital via a preferential issuance

Axis Finance raises ₹750 cr from Kedaara Capital via a preferential issuance


Axis Finance Ltd (AFL), the wholly-owned non-banking financial company (NBFC) subsidiary of Axis Bank, on Saturday announced a ₹750 crore primary capital raise from Kedaara Capital via a preferential issuance.

This is in addition to the ₹1,500 crore primary raise via a rights issue that was approved by Axis Finance’s Board of Directors on April 17, 2026. Kedaara Capital’s primary infusion is subject to customary regulatory approvals.

AFL, in a statement, said this transaction will significantly bolster the company’s capital base and propel its next phase of growth. Its total Capital Adequacy Ratio stood at 19.65 per cent as at March-end 2026.

AFL’s assets under finance, comprising retail, wholesale, MSME and treasury, rose 22 per cent year-on-year (yoy) to ₹47,692 crore as at March-end 2026. The NBFC reported a net profit of ₹806 crore, up 19 per cent yoy in FY26.

Amitabh Chaudhry, MD & CEO, Axis Bank, said, “This capital infusion underscores our long-term commitment to strengthening Axis Finance as an integral part of Axis Group. It positions the company to pursue sustainable growth with prudence, while building a leading, diversified non-bank lending franchise in India.“

Sai Giridhar, MD & CEO, Axis Finance, observed that this significant boost to AFL’s capital base gives it the firepower to accelerate growth in a targeted and prudent way.

“With Axis Bank’s continued, unwavering support and Kedaara Capital joining us as an investor, we are now even better positioned to build greater scale, invest further in people and technology, and continue delivering high-quality solutions to our customers,” he said.

Sunish Sharma, Founder and Managing Partner at Kedaara Capital, said: “The company’s scaled and diversified presence across retail, MSME, and wholesale lending uniquely positions it to capitalize on the significant structural growth opportunities emerging in India’s credit market. We are excited to partner with the Axis Finance team and look forward to supporting the company as it embarks on its next phase of growth and value creation.”

Published on April 25, 2026



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Axis Bank reports marginal decline in Q4FY26 standalone net profit at ₹7,071 cr

Axis Bank reports marginal decline in Q4FY26 standalone net profit at ₹7,071 cr


However, in view of the evolving and unpredictable macroeconomic and geopolitical uncertainties, the Bank created an additional one-time provision of ₹2,001 crore

Axis Bank reported a marginal decline in fourth quarter standalone net profit at ₹7,071 crore against ₹7,117.50 crore in the year ago quarter, with decline in other income and an additional one-time provision weighing on the bottomline.

In FY26, net profit was down 7 per cent year-on-year (y-o-y) at ₹24,457 crore ( ₹26,373 crore in FY25).

The Board of Directors of India’s third largest private sector bank recommended a final dividend of ₹1 per equity share (face value of 2 each) for FY26.

The Board approved raising of funds by issuance of debt instruments in Indian/Foreign currency up to ₹35,000 crore. It also approved raising of funds by issuance of equity shares/ depository receipts aggregating up to an amount of ₹20,000 crore.

The Bank’s management said while funds raise via issuance of debt instruments will be acted upon in FY27, raising of funds by issuance of equity shares is just an enabling provision.

Net interest income (difference between interest earned and interest expended) increased about 5 per cent y-o-y to ₹14,457 crore ( ₹13,811 crore in Q4FY25).

The Bank’s overall net interest margin declined to 3.62 per cent from 3.97 per cent in the year ago quarter.

‘Other income’ including profit/loss from investments, earnings from foreign exchange and derivative transactions, commission earned from guarantees/letters of credit, fees earned from providing services to customers, selling of third party products etc, declined 11 per cent y-o-y to ₹6,023 crore ( ₹6,780 crore).

Total Provisions & Contingencies (other than tax) jumped 159 per cent to ₹3,522 crore ( ₹1,359 crore). A break-up of this accounting head shows that loan loss provisions declined 16 per cent y-o-y to ₹1,146 crore.

However, in view of the evolving and unpredictable macroeconomic and geopolitical uncertainties, the Bank created an additional one-time provision of ₹2,001 crore.

Referring to the additional one-time provision, Puneet Sharma, CFO, emphasised that the move is prudent and precautionary in nature and does not reflect deterioration in asset quality or adverse credit trends in the bank’s loan or investment portfolio as of reporting date. Our core asset quality metrics remain stable and within our risk address.”

Based on the Bank’s current assessment, this provision, which is calibrated using internal stress testing by the risk function under severe but plausible downside scenarios, is considered sufficient to absorb potential incremental provisioning requirements even under the most adverse test scenario modeled for FY27, he added.

Sharma said the Bank’s adverse test scenario assumes average oil prices over $150 for 12 months, inflation at 7.4 per cent and currency depreciating by 20 per cent over current levels amongst some of the variables.

Amitabh Chaudhry, MD & CEO, said: “There is nothing in our portfolio which tells us that these (additional one-time) provisions will be used. It is not based on what we see today, but the whole scenario in West Asia remains uncertain.

“Risks are uncertain. It remains volatile, and obviously we hear of contradictory news actually on a daily basis. So, given this scenario, we thought that it is only prudent to make some provisions.”

He underscored that if this crisis gets resolved, then this provision based on the Bank’s framework will be written back at some stage.

“We have said that we want to be a conservative franchise, and that’s exactly what we are doing,” Chaudhry said.

Total deposits grew 14 per cent y-o-y to stand at ₹13,35,834 crore as at March-end 2026. The proportion of low-cost current account, savings account (CASA) deposits declined a tad to 40 per cent of total deposits from 41 per cent a year ago.

The Bank’s advances rose 19 per cent y-o-y to stand at ₹12,33,570 crore. Corporate loans grew at the fastest clip (38 per cent), followed by SME loans (24 per cent) and retail loans (8 per cent).

Published on April 25, 2026



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RBL Bank’s  Q4FY26 standalone net profit soars 233% to ₹230 cr

RBL Bank’s Q4FY26 standalone net profit soars 233% to ₹230 cr


RBL Bank’s fourth quarter standalone net profit soared 233 per cent to ₹230 crore against ₹69 crore in the year ago quarter on robust growth in advances and decline in provisions for advances.

In FY26, the private sector lender reported a 18 per cent increase in net profit at ₹822 crore (₹695 crore).

Recommended the dividend of Re. 1 per equity share of ₹10/- each fully paid up. Earlier this month, RBI gave its approval to Emirates NBD (P.J.S.C) to acquire an aggregate of up to 74 per cent of the paid-up share capital of RBL bank.

Net interest income (difference between interest earned and interest expended) was up about 7 per cent yoy at ₹1671 crore (₹1563 crore in the year ago quarter).

Other Income includes commission income from non-fund based banking activities, fees, earnings from foreign exchange and derivative transactions, and profit and loss from investments, too rose about 7 per cent yoy to ₹1069 crore (₹1000 crore).

Provisions on advances declined 16 per cent yoy to ₹684 crore (₹815 crore).

Deposits and advances rose by a robust 25 per cent (to stand at ₹139018 crore as at March-end 2026) and 23 per cent (₹114232 crore), respectively.

R Subramaniakumar, MD & CEO, said: “Demand conditions across our key customer segments remain broadly stable, with retail consumption and small business activity continuing in line with recent trends.

“Overall, the operating environment continues to support calibrated growth for well-capitalised banks with a balanced portfolio mix and a strong risk framework. We are not currently seeing any material impact on our portfolio arising from the conflict in the Middle East.”

Published on April 25, 2026



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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



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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



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