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March PMI snapshot: India’s manufacturing growth slows to 53.9 as rising cost pressures weigh on momentum​Business News Today: Stock Markets, Financial News, India Business & World Business News

India’s manufacturing sector experienced a slowdown in March, with growth moderating due to rising costs, intense competition, and global uncertainties like the Middle East conflict. While new orders and output saw slower expansion, employment surged, and export demand remained robust, indicating a mixed but resilient industrial landscape.

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Axis Bank Q4FY26 net profit marginally down at Rs 7071 crore on prudential provisions​Business News Today: Stock Markets, Financial News, India Business & World Business News

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.

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