Catholic Syrian Bank Registers Record Net Profit in H1, 2016-17

New Delhi [India], March 12: The Indian fasteners market continues to demonstrate strong momentum, having reached USD 11.2 billion in 2025 and is projected by the IMARC Group to surge to USD 17.0 billion by 2034, reflecting a robust CAGR of 4.67% during 2026-2034. This dynamic growth is fueled by the expansion of the automotive, construction, and industrial sectors, as well as increasing demand for high-performance, lightweight fasteners, and strategic government initiatives such as "Make in India." In this thriving context and to boost domestic manufacturing, Messe Stuttgart India has launched FASTNEX 2027 with its highly anticipated Signature Edition, set to take place from 8th to 10th February 2027 at the Bombay Exhibition Centre, Mumbai. The event stands as a crucial platform for industry professionals to showcase innovative products, access market intelligence, foster collaborations, and expand their business networks, ultimately contributing to the overall advancement of India's manufacturing sector.

Kuala Lumpur [Malaysia], March 12: As a strategic move to refresh and strengthen its core vision, Hong Leong Islamic Bank ("HLB Islamic" or the "Bank") is transitioning to a refreshed consumer-facing brand identity, now known as HLB Islamic, and a strengthened core proposition that approaches financial services not as a series of siloed products and transactions, but as total wealth stewardship through a Shariah-principle-guided life-cycle approach known as Hayat @ HLB Islamic. This evolution is rooted in the Bank's new philosophy, 'Timeless Principles Guiding Tomorrow's Wealth', introduced during its 20th anniversary last December to signal a new chapter in wealth stewardship.

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

New Delhi [India], March 12: Hyland, the pioneer of The Content Innovation Cloud™, is pleased to announce the appointment of Kumaran Sasikanthan as Managing Director, India and Senior Vice President of Engineering. With more than 25 years of enterprise engineering and leadership experience, Sasikanthan is a seasoned enterprise software executive with a strong track record of scaling global engineering organizations. In this dual role, Sasikanthan will play a strategic leadership role in advancing Hyland's growth across its India operations while also leading the company's global OnBase and Perceptive Content engineering teams. His appointment reflects Hyland's continued investment in India as a key driver of innovation, scale, and global collaboration. Veteran enterprise software leader to drive growth across India operations while advancing Hyland's global engineering strategy and innovation at scale.

Bengaluru (Karnataka) [India], March 12: Swiggy, India's pioneering on-demand convenience platform, and HDFC Bank, India's largest private sector bank, today announced the expansion of their co-branded credit card portfolio with the launch of two new variants: the Swiggy BLCK HDFC Bank Credit Card and the Swiggy Ornge HDFC Bank Credit Card. The Swiggy BLCK and Ornge HDFC Bank Credit Cards are designed to maximize value across food, quick commerce, lifestyle, and travel. Card members will enjoy enhanced, category-leading cashback on Swiggy and premium partner platforms, alongside exclusive instant discounts on Cleartrip and Nykaa. The expanded portfolio offers up to ₹48,000 in annual savings, bringing elevated, everyday benefits to a wider segment of consumers.

New Delhi [India], March 11: In today's rapidly evolving business landscape, a new generation of entrepreneurs is emerging with ideas that go beyond profit to create meaningful impact. These dynamic leaders are not only building successful enterprises but are also redefining industries through innovation, resilience, and purpose-driven strategies. From embracing technology to addressing real-world challenges, they are shaping businesses that contribute to economic growth while delivering value to society.

Mumbai (Maharashtra) [India], March 11: Elitecon International Limited (BSE: 539533), a diversified FMCG enterprise, reported strong financial performance for the quarter ended December 31, 2025, supported by robust growth across revenue and profitability, driven by expanding global trade operations, strategic acquisitions and strengthened FMCG capabilities.

Steel Authority of India Limited (SAIL) recorded its highest-ever sales performance during the first 11 months of the current fiscal year, bolstered by a 14 per cent year-on-year (YoY) growth. According to the Ministry of Steel, SAIL achieved total sales of 18.24 million tonnes (MT) between April 2025 and February 2026. Alongside this volume growth, the company expanded its product portfolio through the reintroduction of chequered plates to meet specific market demands.

Private life insurers reported robust 20.2 per cent year-on-year (YoY) growth in individual Annualized Premium Equivalent (APE) as the industry continues to see significant expansion. According to a Nuvama report, for FY26TD, the market share for private insurers in the individual APE segment surged 164bp YoY to 72.4 per cent.