Canara Bank reported a 10% YoY decline in Q4FY26 consolidated net profit to Rs 4,506 crore, while net interest income rose 4% to Rs 9,808 crore. Profit also fell 13% sequentially from the previous quarter. Following the earnings announcement, shares of the PSU lender plunged 7% to hit an intraday low of Rs 130.50 on the NSE.
Tata Motors launches tender offer for Iveco Group; deal values company at €3.82 billion
Tata Motors has launched a €14.1-per-share cash tender offer for Iveco Group, valuing the Italian commercial vehicle maker at €3.82 billion. Backed by Iveco’s largest