Tuesday, September 22
State-run Bank of Maharashtra on Tuesday reported a net profit of Rs 1,593 crore for the quarter ended June 2025, marking a 23%year-on-year growth from Rs 1,293.68 crore in the year-ago period.The lender reported a total income of Rs 7,879.18 crore for the April-June quarter, a 16% jump from Rs 6,768.76 crore in the corresponding quarter of last fiscal.The growth in Q1 net profit came despite a lower other income year-on-year. The bank reported other income of Rs 825.2 crore for the period under review, marking a 7.7% drop from Rs 894.08 crore posted in Q1 of the last fiscal.Interest earned by the bank rose to Rs 7,054 crore in Q1, up from Rs 5,875 crore in the year-ago period. Meanwhile, the lender's capital adequacy ratio improved to 20.06% from 17.04% in the corresponding quarter of FY2
The Securities and Exchange Board of India (SEBI) has approved the initial public offerings (IPOs) of WeWork India Management Limited and Studds Accessories Limited, clearing the way for both companies to list on Indian stock exchanges.WeWork India IPO Key DetailsWeWork India, one of the country’s leading premium flexible workspace providers, has received SEBI’s go-ahead for its IPO, which comprises an Offer for Sale (OFS) of up to 4,37,53,952 equity shares, according to the Draft Red Herring Prospectus (DRHP). The observation letter was issued on July 8, 2025.The OFS includes up to 33,458,659 shares by Embassy Buildcon LLP (the Promoter Selling Shareholder) and up to 10,295,293 shares by 1 Ariel Way Tenant Limited (the Investor Selling Shareholder).JM Financial, ICICI Securities, Jeff
Indian Airlines, including IndiGo, issued travel advisory for passengers on Tuesday amid heavy rain in Mumbai, Maharashtra.As heavy rains hit India's financial capital, citizens witness waterlogging in several areas, and face problems in commuting. Heavy rains affect air movement and might cause delay in flights at Chhatrapati Shivaji Maharaj International Airport, airlines say.IndiGo Travel AdvisoryIndiGo urges passengers to check flight status to be aware of potential delays and allow additional time for the journey, especially with traffic moving slower than usual."There’s a heavy downpour over Mumbai at the moment, causing some temporary disruption to flight schedules. If you are travelling today, please be aware of potential delays and allow additional time for your journey, especia
