Savings Effect

Iran's unused oil storage shrinks to 22 days or less, Kpler says

MEGHNA INFRACON: CO EXPANDS PREMIUM RESIDENTIAL & COMMERCIAL FOOTPRINT ACROSS MUMBAI WITH AN ADDITION OF 600 CRORE GDV, WITH A CUMULATIVE ESTIMATED GDV OF OVER RS 1,000 CR || CO MCAP 1600 CR RS

SBI: NO IMPACT OF RBI ECL NORMS ON SBI: NOMURA SAYS

TATA STEEL: HIGH COURT DISPOSES OF TWO WRIT PETITIONS REGARDING DEMAND LETTERS FOR CHROMITE BLOCK; DEMANDS OF ₹1902.73 CR AND ₹2410.90 CR QUASHED; COURT CONFIRMS VALIDITY OF RULE 12A AMENDMENTS AND DIRECTS STATE TO COMPLY WITH RULINGS.

SBI Cards: Guidance - Concall Update Management expects card acquisition to be in the range of INR9 lakh to INR1 million per quarter, with the next quarter's acquisition anticipated to be in a similar range, focusing on high-value, good-quality customers. The cost-to-income ratio is expected to be in the range of 55% to 58% for the next year (FY27), with initiatives underway to contain expenses and book higher revenue. Net Interest Margin (NIM) is expected to remain stable, though it is at risk from any significant increase in the cost of funds due to uncertain macroeconomic conditions. The revolver balance is expected to have a slight downward bias in FY27, with the company's first attempt to compensate through installment lending portfolios rather than altering reward programs or increasing revolver fees. Credit costs are expected to moderate further in FY27, but the rate of moderation will depend on the evolving geopolitical landscape and its impact on macroeconomic factors and the unsecured lending ecosystem. While no specific guidance was given for asset growth, management expects it to follow card acquisition growth || Co is aiming for a Return on Assets (ROA) of 4% to 4.5% in the medium term.

AU Small Finance Bank: Guidance - Concall Update Management aims to maintain the Q4 FY26 Return on Assets (ROA) of 1.8% on a full-year basis for the next year, driven by continued improvements in the OpEx to assets ratio and lower credit costs. For credit costs, management advises analysts to build estimates around 90 basis points for the next year, cautioning against using the seasonally strong Q4 FY26 figure of 60 basis points as a benchmark. The bank expects its cost-to-assets ratio to decline to below 4% in the current financial year, with a long-term aspiration of around 3.5% within three to five years, significantly aided by technology and AI. Management believes the franchise is capable of sustainably compounding at 2 to 2.5 times India's nominal GDP growth rate. Regarding margins, the cost of funds may have bottomed out, and seasonal benefits from lower slippages and day count seen in Q4 FY26 are not expected to recur in the next quarter, potentially leading to some asset mix-related pressure on yield.

ITC: CO AIMS TO DOUBLE THE MANUFACTURING CAPACITY OF THE BRAND OVER THE NEXT 15-18 MONTHS, RETAIL FOOTPRINT OF LUXURY CHOCOLATE BRAND FABELLE - BL

HINDUSTAN ZINC: CO CEO PLANS TO EXPAND ITS PORTFOLIO BY ADDING 3 NEW RARE EARTH METALS OVER THE NEXT 5 YEARS, TAPPING INTO A PIPELINE OF 10 MINERAL BLOCKS, CURRENTLY UNDER EXPLORATION - BL

GOVT MAY TWEAK DLI SCHEME FOR SEMICONDUCTOR CHIPS AND ALLOCATE FUNDS ON A LIKE-FOR-LIKE BASIS ONLY TO CO'S OR STARTUPS THAT SUCCESSFULLY RAISE FUNDS FROM ANGEL INVESTORS OR VENTURE CAPITAL (VC) FUNDS. ( MOSCHIP TECH )

INDIA WILL KEEP UREA PRICES HEAVILY SUBSIDISED AT ₹266 PER BAG (VS ₹4,000 ACTUAL COST) FOR FARMERS, EVEN AS THE FERTILISER SUBSIDY BILL IS EXPECTED TO RISE 20% IN FY27, INCREASING THE GOVERNMENT’S FISCAL BURDEN