Power Finance Corp reported a strong rise in fourth-quarter and full-year earnings for FY26, supported by higher interest income, improved fee income and a reversal in impairment provisions. Lower credit costs and steady growth in core lending operations helped the state-run power sector financier deliver improved profitability despite higher finance costs.
US stocks today: Nasdaq jumps over 1% as chip stocks rally, investors eye AI earnings
U.S. stocks rose sharply, led by chipmakers like Broadcom on AI-driven optimism and a strong earnings outlook. Microsoft fell after announcing job cuts, while investors