HYDERABAD, India — Intense Technologies Limited reported audited results for the first quarter of FY27, with total income and profitability lower than the year-ago period even as the technology company added two new clients, maintained full customer renewals and expanded its focus on artificial intelligence-led solutions and international markets.
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Primary Market Booms With 5 Mainboard IPOs Next Week; Milky Mist, Shiprocket Lead Lineup
MUMBAI, India — The Indian primary market is set for intense activity next week as eight initial public offerings (IPOs)—comprising five mainboard issues and three Small and Medium Enterprise (SME) offerings—prepare to open for public subscription. Alongside the new share sales, eight companies are scheduled to complete their stock market listings, signaling robust momentum in corporate fundraising.
Can the Government Levy Charges on UPI Payments? What the Proposed Law Means for Merchants and Customers
The passage of the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha has triggered a nationwide debate over the future of Unified Payments Interface (UPI) transactions. The discussion centres on whether the government can now allow banks and payment service providers to levy charges on UPI payments through a revised legal framework.
State Bank of India Reports Lowest NPA Ratio in Over Two Decades in Q1 FY27 as Slippages Improve
State Bank of India (SBI) reported a strong improvement in its asset quality for the quarter ended June 30, 2026, with the country’s largest lender recording its lowest non-performing asset (NPA) ratio in more than two decades. The bank also posted lower slippages and improved profitability during the April-June quarter, reflecting healthier loan performance and stronger balance sheet fundamentals.
RBI Bars Banks From Remotely Locking Borrowers’ Phones and Laptops Under New Loan Recovery Rules
RBI Device Locking Rules: The Reserve Bank of India (RBI) has introduced a new framework governing the use of technology in loan recovery, making it clear that banks and other regulated lenders cannot remotely disable or restrict a borrower’s mobile phone, tablet or laptop simply because of a loan default. The central bank has said such restrictions will be permitted only in limited circumstances and subject to strict safeguards.
Stock Market Today: Sensex Falls 456 Points, Nifty Ends Below 24,600 Amid Global Uncertainty
Stock Market Today: Indian equity benchmarks ended Friday’s trading session on a negative note as investors remained cautious amid renewed geopolitical concerns, persistent foreign institutional investor (FII) selling, weak global market sentiment and selling pressure in financial stocks. The broader market remained under pressure throughout the session, with both the Sensex and Nifty 50 closing in the red.