Bloomberg State Bank of India’s (SBI) quarterly profit rose 69% from the previous year, surpassing analyst estimates, amid heightened interest in the lender’s exposure to billionaire Gautam Adani. Net income was 142.1 billion rupees ($1.74 billion) in the three months through December, as bad-loan ratio narrowed and income from loans rose, according to a statement from the bank. That ...

  Bloomberg Paytm, India’s leading digital payments brand, posted a narrower third-quarter loss after its drive to add customers boosted revenue. The net loss in the quarter through December shrank to 3.9 billion rupees ($48 million) from 7.8 billion rupees a year earlier, the company said in a statement. Revenue from operations rose 42% to 20.6 billion rupees, while total ...

  Bloomberg BMW AG is hoping to piggy-back on future hydrogen fuelling stations for trucks to help solve the protracted issue of building an expensive infrastructure network for cars powered by the alternative fuel. The German luxury carmaker, pushing on with plans for hydrogen models even as EVs proliferate, last year started production of fuel-cell systems for a small test ...