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Axis Bank's Q4 FY26 net profit dipped slightly to Rs 7,071 crore, impacted by higher provisioning and lower trading gains. Despite this, core interest income saw steady growth, fueled by a significant 19% rise in net advances, particularly in corporate and SME segments. The bank also reported improved asset quality and strong capital adequacy ratios.

Fraud Came To Light After First EMI Was Deducted; 4 Held

Goldman Sachs maintained a buy rating on Reliance Industries, citing potential margin recovery and strong retail growth despite a Q4FY26 EBITDA miss. Nomura also holds a buy on Axis Bank, highlighting attractive valuations and strong loan growth. HSBC recommends buying Shriram Finance, anticipating RoA expansion despite revised AUM growth forecasts.

Haryana D.El.Ed. admissions for the 2026-28 session will close today, May 11, 2026, for online registration and fee payment. SCERT Haryana has released the counselling and admission schedule for all three allocation rounds. Candidates must fill at least five institution choices during application. The course is open to Haryana and outside Haryana applicants meeting the prescribed eligibility criteria. First-round seat allotment will be published on May 13, while regular classes for first-year students will begin from July 1, 2026.

Indian equity markets experienced a downturn Friday, with both Sensex and Nifty closing lower. Renewed military tensions near the Strait of Hormuz dampened investor sentiment, leading to profit-booking across various sectors. While IT stocks showed resilience, PSU banks were significantly impacted. Global markets also reflected cautious sentiment.

Union Bank of India is hiring 1,865 apprentices for a one-year banking operations training program. Applications are open until May 19, 2026, for graduates aged 20-28. Selected candidates will receive monthly stipends ranging from Rs 15,000 to Rs 20,000 based on branch location. The selection involves an online test, language proficiency, and medical examination.

Foreign investors are significantly reducing their stake in Indian equities, with FII ownership hitting a multi-year low. Concurrently, domestic institutional investors, particularly mutual funds fueled by SIPs, are increasing their holdings, absorbing much of the foreign selling and reshaping market ownership.

An SBI ATM booth in Danapur, Bihar, has been repurposed into a hair salon, baffling unsuspecting customers. The kiosk retains its original exterior, leading many to enter expecting to withdraw cash, only to find haircuts in progress. The property owner reportedly rented the space after ATM operations ceased, with the tenant converting it into a barber shop.

State Bank of India saw a 5.8% profit jump to Rs 19,684 crore in Q4FY26, though margins tightened. Bank of Baroda achieved a record Rs 5,616 crore profit, while Bank of India's net profit climbed 18.7%. Despite credit growth, SBI's share dipped due to investor concerns about core income.

An IndiGo flight from Hyderabad to Chandigarh experienced a passenger safety scare when a personal power bank ignited shortly after landing, causing smoke and necessitating an emergency evacuation. This incident highlights the growing dangers of lithium-ion batteries in portable electronics, prompting stricter regulations and advisories from aviation authorities worldwide.

A former State Bank of India ATM kiosk in Danapur, Bihar, has been ingeniously transformed into a barber shop, offering haircuts instead of cash. This unique transformation has gone viral on social media, attracting curious travelers and locals alike to this offbeat attraction.

Kotak Mahindra Bank is exploring Deutsche Bank's retail business, having exited the IDBI Bank acquisition due to valuation concerns. CEO Ashok Vaswani emphasized that any deal must align strategically, be financially sound, and manageable. The bank reported a 13.4% year-on-year profit increase for the March quarter, driven by robust loan expansion and reduced provisions.