Monday, August 10
Private lender Kotak Mahindra Bank has reported a 4% YoY (year-on-year) jump in its standalone net profit, reported at Rs 3,446 crore for Q3FY26, up from Rs 3,305 crore in the same period last year.Further, the bank’s net interest income (NII) also witnessed a growth of 5% YoY at Rs 7,565 crore, versus Rs 7,196 crore in Q3FY25. Sequentially, it is up 3% from Rs 7,311 crore in Q2FY26.Further, the consolidated PAT for Q3FY26 came in at Rs 4,924 crore, marking a 5% year-on-year increase from Rs 4,701 crore in Q3FY25 and a 10% sequential rise from Rs 4,468 crore in Q2FY26.Net interest margin (NIM) stood at 4.54% in Q3FY26, compared with 4.93% in Q3FY25, and remained flat sequentially from 4.54% in Q2FY26.The bank’s total customer assets under management (AUM) stood at Rs 7,87,950 crore as
Cybercriminals are increasingly targeting people through fake traffic challan messages, using fear and urgency to steal money. These messages, sent via SMS, WhatsApp or even email, look like official notices but actually lead to fraudulent payment pages.A recent case from east Delhi highlights how dangerous this scam has become.Elderly Man Loses Rs 2.5 Lakh After Clicking Fake Challan LinkIn a recent incident, a 65-year-old man from Laxmi Nagar was duped after receiving a message claiming a traffic challan of Rs 500 was pending. The message was sent to his wife’s phone from an unknown number and contained a payment link.Believing it to be genuine, the man clicked the link and attempted to pay using his credit card. While the initial payment appeared successful, another transaction of Rs
The Aditya Birla Group company UltrTech Cement on Saturday reported its results for the third quarter of the financial year 2026, posting a 32% year-on-year (YoY) surge in its profit after tax (PAT) at Rs 1,792 crore, against Rs 1,359 crore in the year-ago period. Meanwhile, the company’s net sales recorded a 22.5% YoY growth.The net sales for the reporting quarter stood at Rs 21,506 crore. This was up from Rs 17,555 croe in Q3FY25.It should also be noted that the reported PAT is excluding the impact of New Labour Code.“Pursuant to the implementation of the new Labour Code in the country with effect from 21st November, 2025, the Company has recognised Rs. 88 crores as an exceptional expense towards additional Gratuity and Leave Encashment obligations. PAT after this one-time cost stand
Air India has cancelled all flights to and from New York and Newark on January 25 and 26 as a severe winter storm is expected to hit the US East Coast. Heavy snow and strong winds are forecast for the New York, New Jersey and adjoining areas from early Sunday morning through Monday, which is likely to affect flight operations. The airline said the decision was taken to ensure the safety, well-being and convenience of passengers and crew.“In view of the safety, well-being and convenience of our passengers and crew, all Air India flights to and from New York and Newark have been cancelled on 25 and 26 January,” said the airline in an official statement.— airindia (@airindia) Air India said its teams will help passengers who are booked to travel on the affected dates. Passenger
