Savings Effect
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Kwality Walls
Kwality Wall’s (India) posted a 35% year-on-year increase in net profit to ₹51 crore in Q4 FY27, compared with ₹38 crore in the corresponding quarter last year.
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IndusInd Bank
The Reserve Bank of India (RBI) has levied a monetary penalty of ₹59.20 lakh on private sector lender IndusInd Bank for violating certain provisions of its directions concerning ‘Interest Rate on Deposits’ and ‘Securitisation of Standard Assets’.
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PhysicsWallah narrowed its consolidated net loss by 31% to ₹88.3 crore in the April-June quarter, compared with ₹127 crore a year ago, as operating revenue climbed 24% to ₹1,054 crore, driven primarily by its online business.
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Reliance Industries and UK-based aerospace major Rolls-Royce on Friday announced plans to jointly develop an indigenous combat engine for India’s Advanced Medium Combat Aircraft (AMCA) programme, strengthening efforts to build self-reliant aerospace propulsion capabilities in the country.
