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Business Upturn
13 hours ago
- Business
- Business Upturn
US inflation remains sticky as June CPI comes in at 2.7% YoY, MoM readings rise
By Aditya Bhagchandani Published on July 15, 2025, 18:16 IST The US consumer price index (CPI) data for June 2025 suggests that inflationary pressures remain elevated, with year-over-year and month-over-month readings both reflecting ongoing price increases. According to the data released on Tuesday, the headline CPI rose 2.7% YoY, matching expectations and higher than the previous month's 2.4%. The Core CPI YoY, which excludes volatile food and energy prices, came in at 2.9%, slightly below the forecast of 3.0% but higher than the previous 2.8%. On a month-over-month basis, the headline CPI rose 0.3%, exceeding both expectations and the previous reading of 0.1%. Similarly, the Core CPI MoM rose 0.2%, below the 0.3% forecast but unchanged from the prior month. These figures indicate that while annual inflation is aligning with forecasts, the month-to-month increases have picked up pace, hinting at persistent underlying inflation. The Federal Reserve's 2% target remains elusive, especially with core inflation continuing to hover well above that level. Markets and policymakers will be closely watching subsequent inflation prints to gauge the trajectory of price pressures and to assess the need for further monetary policy action. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
17 hours ago
- Business
- Business Upturn
Arvind SmartSpaces sets record date for Rs 6 per share final dividend
By Aditya Bhagchandani Published on July 15, 2025, 14:00 IST Arvind SmartSpaces Limited has announced that it has fixed Friday, 25th July, 2025, as the record date for determining the eligibility of shareholders to receive a final dividend of ₹6 per equity share (face value ₹10 each) for the financial year ending March 31, 2025. The company informed the exchanges that the dividend payment will be made on or after 13th August, 2025, subject to approval by shareholders at the Annual General Meeting (AGM) scheduled for Friday, 8th August, 2025. Investors holding shares as of the record date will be entitled to receive the dividend once approved at the AGM. For Arvind SmartSpaces, this step underscores its commitment to rewarding shareholders while maintaining financial discipline. Disclaimer: The information provided is for informational purposes only and should not be considered as financial or investment advice. Investors are advised to consult their financial advisor before making any investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
19 hours ago
- Business
- Business Upturn
Bank of Maharashtra Q1 FY26 results: Net profit rises 23% YoY to Rs 1,593 crore; NII grows 17% YoY to Rs 3,292 crore
Bank of Maharashtra posted a strong set of results for the quarter ended June 30, 2025 (Q1 FY26), reporting healthy growth in profitability and stability in asset quality. The lender's standalone net profit stood at ₹1,593 crore, up 23% from ₹1,293 crore in the year-ago quarter. Net interest income (NII) increased by nearly 17% to ₹3,292 crore compared to ₹2,800 crore in Q1 FY25. Total income for the quarter rose to ₹7,879 crore, versus ₹6,769 crore in the corresponding period last year. Gross non-performing assets (GNPA) remained stable at 1.74%, while net NPA also held steady at 0.18% sequentially, indicating continued focus on asset quality. Provisions (other than tax) and contingencies came in at ₹867 crore for the quarter, down from ₹983 crore in the preceding quarter. The bank's return on assets (annualised) improved slightly to 1.80% from 1.72% in Q1 FY25, supported by improved profitability and contained operating expenses. Key Ratios – Q1 FY26 vs Q1 FY25 Gross NPA (%): 1.74% (unchanged YoY) Net NPA (%): 0.18% (unchanged YoY) Return on Assets (annualised): 1.80% (vs 1.72% YoY) Paid-up Debt Capital/Outstanding Debt (%): 25.32% (vs 59.35% YoY) Debt-to-Equity Ratio: 0.63 (vs 0.38 YoY) The bank also reported a steady operating profit of ₹2,569 crore and noted lower provisioning needs, reflecting better risk management. With improved core income, strong asset quality, and steady operational ratios, Bank of Maharashtra continues to strengthen its position in the Indian banking sector. Disclaimer: The information provided here is for informational purposes only and should not be construed as investment advice. Stock market investments are subject to market risks. Please do your own research or consult a financial advisor before making any investment decisions. Neither the author nor the publisher is responsible for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
20 hours ago
- Business
- Business Upturn
Sambhv Steel Tubes shares surge 5% after Q1 sales volume jumps 50% YoY to 92,706 tonnes
Sambhv Steel Tubes shares rose 5% after the company posted a strong 50% year-on-year growth in total sales volume for Q1 FY26, reaching 92,706 tonnes versus 61,908 tonnes in Q1 FY25. As of 9:54 AM, the shares were trading 5.21% higher at Rs 123.70. This sharp rise reflects strong demand in value-added segments, especially Pre-Galvanised (GP) Coils and Pipes and Stainless Steel Coils, where volumes touched 19,984 tonnes and 9,439 tonnes, respectively—both categories had no sales in Q1 FY25. Sales of value-added products rose to 79,717 tonnes from 54,267 tonnes, while intermediate products volumes surged 70% YoY to 12,989 tonnes. However, structural pipes and tubes sales dipped slightly to 50,294 tonnes. The company continues to leverage its backward-integrated manufacturing setup, operating two facilities in Chhattisgarh with a total capacity of over 500,000 MTPA across ERW, GP, and stainless steel products. With a distribution network spanning 15 states and 1 union territory through 43 distributors and over 700 dealers, Sambhv Steel is steadily strengthening its pan-India presence. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
a day ago
- Business
- Business Upturn
RailTel shares jump 3% after securing Rs 264 crore Kavach contract from East Central Railway
By Aman Shukla Published on July 15, 2025, 09:28 IST RailTel Corporation of India shares rose 3% after the company received a major work order worth ₹2,64,06,97,427 (including tax) from East Central Railway. The contract involves the implementation of Kavach , an indigenous Train Collision Avoidance System (TCAS), over 607 route kilometres of low-density railway tracks. RailTel shares opened at ₹415.00 and, at the time of writing, touched a high of ₹426.00 during the day. The stock did not fall below its opening price, with the day's low also at ₹415.00. RailTel's 52-week high stands at ₹608.00, while the 52-week low is ₹265.50. The nature of the contract is domestic and falls under the 'works' category. Execution is slated for completion by July 14, 2027. The official work order was received on July 14, 2025, at 12:40 PM. This strategic win underscores RailTel's growing role in railway safety and digital infrastructure. The order does not involve any promoter or related party transactions. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
