M&M drops U.S. capital plan after loss

Aborts $500 mn investment amid ₹98-cr. Q1 group loss; seeks investor in Mahindra Electric Mahindra & Mahindra (M&M) on Friday reported a first-quarter consolidated loss of ₹98 crore and said it had dropped plans to […]

SBI net jumps 81%, NPAs shrink

Net interest income rises 16% to ₹26,642 cr. while non-interest income climbs 18% State Bank of India (SBI) reported first-quarter net profit increased 81% to ₹4,189 crore, aided by an improvement in asset quality and […]