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Industry Trends

PNB Q3 Results: Standalone PAT rises 13% YoY to Rs 5,100 crore; NII drops 4.5%

Punjab National Bank has announced a significant 13 percent rise in its net profit for the third quarter ending December 2025. The bank's net profit reached Rs 5,100 crore. This marks a substantial improvement compared to the previous year. Asset quality also saw positive movement with a reduction in gross and net non-performing assets ratios.

Economic Times Jobs · Jan 19
Industry Trends

Goa-based InstiFi receives RBI authorisation for offline payment aggregation services

InstiFi, a Goa-based payment aggregator, has received authorisation from the Reserve Bank of India (RBI) to operate as an offline payment aggregator from January 8, 2026. The approval allows InstiFi to offer Point-of-Sale (POS) machines and Sound Box–enabled static QR payment solutions to merchants across India. The company said that the authorisation enables it to expand its payments ecosystem beyond online collections to include in-store, physical payment acceptance, allowing the merchants to accept card-based and digital payments seamlessly at their premises. InstiFi had earlier received RBI authorisation to operate as a Payment Aggregator – Online on 3 June 2025, following which it went live with merchant onboarding and digital payment services. Commenting on the development, Prakash Ravindran, CEO and Director, InstiFi, said, “This authorisation is a strong validation of our compliance-first approach and long-term vision. By extending our capabilities to offline payments, we ar...

Indian Startup News · Jan 19
Industry Trends

Shunya Labs Unveils AI Model for India’s Code-Mixed Speech

Zero Codeswitch is designed to decode how Indians actually speak, blending Hindi, English and regional languages. The post Shunya Labs Unveils AI Model for India’s Code-Mixed Speech appeared first on Analytics India Magazine .

Analytics India Magazine · Jan 19
Industry Trends

BHEL Q3 Results: Profit more than triples to Rs 382 crore; revenue jumps 16% YoY

BHEL reported a sharp turnaround in the December quarter, with net profit surging 206% year-on-year to Rs 382 crore, aided by stronger execution and operating leverage. Revenue rose 16% to Rs 8,473 crore, supported by improved project execution and a healthier order pipeline, signalling a gradual recovery in profitability for the state-owned engineering major.

Economic Times Jobs · Jan 19
Industry Trends

Union Budget 2026: Prudence, not populism, will be underlying theme to build Bharat

Union Budget of India: The upcoming Union Budget in 2026 is expected to prioritize fiscal prudence over populism, focusing on expenditure management and consolidation. While growth remains a priority, moderate increases in capital expenditure and targeted social welfare programs are anticipated. The budget will likely maintain continuity in tax structures, with potential adjustments to customs tariffs influenced by global trade dynamics.

ET Policy · Jan 19