Rs 2,946 cr in loans for SC/STs, women in Karnataka under Stand Up India
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Business Upturn
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Kotak Mahindra Bank Q1 results: Net profit down 47% YoY to Rs 3,282 crore, GNPA at 1.48% vs 1.39% QoQ
Kotak Mahindra Bank reported a 47.5% year-on-year (YoY) decline in net profit for the quarter ended June 30, 2025, with Q1 FY26 profit standing at Rs 3,281.68 crore compared to Rs 6,249.82 crore in Q1 FY25. The sharp fall is primarily due to the absence of exceptional gains booked in the same quarter last year. Net Interest Income (NII) grew 6% YoY to Rs 7,259 crore from Rs 6,843 crore, reflecting steady growth in lending and core banking operations. Total income rose to Rs 16,916 crore from Rs 15,675 crore YoY. Operating profit (before provisions) rose to Rs 5,563.69 crore from Rs 5,254.11 crore in the previous year. Provisions and contingencies, however, jumped to Rs 1,207.76 crore from Rs 578.48 crore YoY, impacting the bank's profitability. Asset quality weakened slightly: Gross NPA: Rs 6,637.70 crore (1.48%) vs Rs 5,477.15 crore (1.39%) QoQ Net NPA: Rs 1,530.93 crore (0.34%) vs Rs 1,376.33 crore (0.35%) QoQ Despite steady growth in core income, the YoY profit decline was driven by the high base effect of last year's Rs 3,519.90 crore exceptional gain. 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. 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.
Pink Villa
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Box Office: Mahavatar Narsimha surprises on day one in Hindi; Animated film nets Rs 1.10 crore
Mahavatar Narsimha, directed by Ashwin Kumar and produced by Hombale Films, has surprised one and all at the Hindi box office. The dubbed animated movie from the south of India, has made its presence amply felt in the Hindi belt if the day 1 collections are anything to go by. The movie based on the 4th avatar of Lord Vishnu has opened to a pleasant Rs 1.10 crore net in Hindi for the opening day, and this is with low-lying promotions. Mahavatar Narsimha Has Opened Well In Hindi Despite Strong Holdover Competition Mahavatar Narsimha is obviously doing well in its home market, but for it to make in-grounds in Hindi with minimal promotions, and purely on the basis of the film's units is commendable. One must not forget that a blockbuster movie like Saiyaara is already retaining the lion share of screens and then there also is the Hollywood biggie The Fantastic Four: First Steps, with its share of premium screens. The Day Wise Hindi Net India Collections Of Mahavatar Narsimha Are As Under If Mahavatar Narsimha's Weekend Momentum Transcends Into The Weekdays, A Major Success Is On The Cards For Hombale Films The advance bookings for the movie are very strong and so is the initial reception. If the momentum of the movie transcends to the weekdays, a theatrical hit shall be in contention; a rarity in today's time. It is even more rare for an animated movie to emerge a hit in India because animated films are seen as something just for the kids, by most. The highest grossing animated movie in India has a net lifetime total of under Rs 50 crore. The twin Lion King movies have not been considered because they look and feel like live-action films. On the other hand, the same animated movies wreck the box office in US/Canada with a few of them going on to even hit USD 600 million; something that only a handful of movies have really been able to manage. Recently, even China showed the potential of an appreciated animated flick. Ne Zha 2 grossed around 2 billion dollars in just the Middle Kingdom, proving that the 'taboo' is only in India. Can Mahavatar Narsimha Make Animation Be Seen As A Serious Business In India? One would hope that films like Mahavatar Narsimha make animation be looked at as a serious business in India. If this movie manages to breakout, the potential of the Mahavatar Universe will increase many folds. Mahavatar Narsimha In Theatres
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Hari Hara Veera Mallu Implodes on Day 2: Pawan Kalyan delivers another box office dud
Telugu film Hari Hara Veera Mallu has imploded at the box office, collapsing on its second day after a dismal opening. The Pawan Kalyan starrer period epic grossed a pathetic Rs. 9.50 crore approx on Friday in India, an eye-watering 80 per cent drop from Rs. 49.50 crore it did on its opening day. The two-day running total of the film stands at Rs. 59 crore approx. Things are even worse overseas, where the first day itself was a washout and it barely had any collection on Friday, bringing in just USD 175K (Rs. 1.50 crore) for a USD 1.35 million (Rs. 11.50 crore) cume. The worldwide box office tally stands at Rs. 70 crore approx; it is quite likely to wrap up under Rs. 100 crore. Hari Hara Veera Mallu is yet another box office turkey delivered by Pawan Kalyan, who is arguably the biggest star in the Telugu states but hasn't delivered a box office winner in more than a decade. There was a Bheemla Nayak, which did decently well, but was unlucky to release in the circumstances it did and ended up from being a success. The film is also a setback for the Telugu film industry, which is having a horrific year at the box office, except for a couple of weeks of Sankranti Vashthunam during the holiday period. The last year was also a bad one in general, but there were four major hits spread across the year. This year has offered nothing. It is also turning out to be a nightmare of a year for Mega family heroes, with Ram Charan delivering one of the biggest disasters ever in Indian cinema earlier in January and now Pawan Kalyan has joined it. Next up is Vishwambara, starring Chiranjeevi, whose teaser met with such an underwhelming reception that its release had to be delayed. How that film is going to fare, one can only imagine.
