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Waaree Renewable Technologies Q2 net profit falls over 29% to 81 crore
Waaree Renewable Technologies' Q2FY27 net profit fell over 29% to 81.48 crore as higher expenses weighed on earnings, even as revenue rose to 1,057.84 crore.
Yes Bank CET1 may fall to 10% if past AT1 coupons are paid: Crisil
Yes Bank faces a potential decline in core equity capital, projected to fall to around 10% due to accumulated coupon payments on AT1 bonds. Crisil Ratings highlighted a significant liability impact estimated at Rs 6,200 crore, while S&P Global Ratings foresees a reduction in common equity by about Rs 8,400 crore. Despite these concerns, both agencies believe the bank's credit profile will remain stable.
Piramal Finance Q2 net profit soars 67% to Rs 545 crore
Piramal Finances assets under management grew 24% to Rs 1.13 lakh crore, led by a 30% rise in retail AUM. Net interest income increased 35%, while its net interest margin expanded 35 basis points to 6.5%.
Bajaj Finance Q2 profit rises 28.7% to 6,367 crore on strong loan growth
Assets under management grew 26%, the fastest pace since the March 2025 quarter, as gold loans doubled and rural consumer finance expanded 63%, supporting quarterly earnings
PC Jeweller among 8 stocks that hit 52-week high and rallied up to 42% in a month
The Sensex plunged 876 points to close at 73,852, even as eight BSE 1000 stocks touched fresh 52-week highs. PC Jeweller led monthly gains at 42%, followed by Sky Gold and Diamonds at 31%, highlighting divergent stock performance.
Tiger Shroff firing case: Police say all 3 accused are adults, motive still unclear
Mumbai Police arrested three individuals for allegedly shooting at actor Tiger Shroff's car in Andheri. Two of the arrested suspects are from Haryana, while the third is from Bihar, with no minors involved. Investigators are questioning the suspects to uncover the motive behind the attack. The motorcycle used in the incident has been located, but no weapons have been recovered.
RAK Oasis appoints Lionexa LLP as its master marketing partner in India
Ras Al Khaimah [UAE], October 19: Shahab Building Contracting LLC has granted Lionexa LLP and its CEO, Mr. Kauser Nawaz, the master marketing rights in India for the sale of freehold property at RAK Oasis in Ras Al Khaimah.
Gen Z makes up 52% of Amazon's fashion and beauty customer base in India
Gen Z shoppers drive Amazon's festive growth as premium brands double their sales share to 20%, while non-metro markets account for over half of fashion and beauty orders
Bank of America arm seeks CCI nod for up to 49.9% in Jio Credit
A summary of proposed transaction noted this involves Jio Credit, a non-banking financial company within the Jio Financial Services group. According to the applicants submission, NB Holdings has no direct business operations in India.
Even Healthcare raises $50 mn in Khosla Ventures-led Series B funding
The managed care company plans to open five hospitals across Bengaluru over the next six months as its valuation triples from its previous fundraise, taking total funding past $120 million.
Aegis Logistics in talks with BNP Paribas, HSBC, JPMorgan to raise $600 million for Tristar deal
Aegis Logistics Ltd. is in talks with banks including BNP Paribas SA, HSBC Holdings Plc and JPMorgan Chase & Co. about raising funds for its acquisition of Dubai-based Tristar Holdings Ltd., people familiar with the matter said.
Coldwell Banker South India Inaugurates Avleon Realty in Mysore
Bangalore (Karnataka) [India], October 19: Mysore has a new destination for property. On October 15, Coldwell Banker South India inaugurated Coldwell Banker Avleon Realty Mysore, a franchise owned and operated by Mr. Sandeep. The office combines the reach of a worldwide brand with the local knowledge of a team that knows the city's neighbourhoods, builders and buyers.
Erling Haaland has bought a home at Manchester City Yas Residences, a branded development on Abu Dhabis Yas Island. The project includes more than 2,000 homes, sports facilities and parks, with phased delivery starting in 2029.
Hindustan Zinc Q2 net more than doubles to 6,412 crore on higher output, better realisation
Revenue was up at 14,582 crore (8,282 crore) in the quarter under review
Inside Madhuri Dixits 5,500 sq ft sea-facing Mumbai home with more than 30 MF Husain paintings
Art is a prominent feature of the residence, particularly the paintings of renowned Indian artist MF Husain. The corridor leading into the home features several of his works.
Bajaj Finance Q2 Results: Net profit jumps 29% YoY to Rs 6,367 crore, NII up 24%
Bajaj Finance Q2 Results: Bajaj Finance reported a 29% year-on-year increase in net profit to Rs 6,367 crore in the September quarter, compared with Rs 4,948 crore a year earlier. Net interest income rose 24% to Rs 13,335 crore from Rs 10,785 crore in the year-ago quarter. Net total income increased 23% to Rs 15,974 crore from Rs 12,982 crore.
DP World ties next $2 billion India investment to demand, capacity constraints
The Dubai-based company has already invested $3 billion in India, with the balance $2 billion earmarked for expanding existing operations, including port terminals, inland container depots, warehousing and logistics facilities.
UltraTech Cement Q2 net profit jumps 21% to 1,501 crore on higher volumes, wider reach
UltraTech Cement revenue increased 19% to 23,295 crore
Jio vs Airtel vs Voda Idea: Comparing ARPU, Margins, Subscribers & More
Jio vs Airtel vs Voda Idea: Comparing ARPU, Margins, Subscribers & More
The science of better decisions: How the brain responds to pressure
Stress, cognitive fatigue and divided attention can affect how founders assess risks and make decisions. Understanding the neuroscience behind these responses offers business leaders practical ways to manage pressure, build better habits and sustain performance.
Yes Bank weighs capital options after AT1 verdict, coupon liability remains uncertain
Yes Bank is recalibrating its capital strategies in response to the Supreme Courts ruling which reinstated Rs 8,415 crore of AT1 bonds. This ruling may lower the banks CET1 capital ratio by approximately 240 basis points, thus influencing its growth initiatives. Management is still reviewing potential payment duties spurred by the verdict.
Jio IPO draws Rs 2.5 lakh crore in anchor bids from over 70 investors
Jio Platforms Rs 30,188 crore IPO has attracted institutional bids worth around Rs 2.5 lakh crore, more than 30 times the size of its anchor book. Over 70 investors, including global asset managers, sovereign wealth funds, domestic mutual funds and insurers, have expressed interest ahead of the October 21 opening.
Signature Global enters senior living with Manasum, eyes 575 cr sales
The companies will develop 164 senior living units at Sarvam DXP in Gurugram, with prices starting at around Rs 3.7 crore per unit and handover expected in 48 months
Altimetrik Opens Healthcare & Life Sciences Center of Excellence in Hyderabad
Hyderabad (Telangana) [India], October 19: Altimetrik, an AI engineering company, today opened its Healthcare & Life Sciences Center of Excellence (CoE) in Hyderabad to accelerate AI innovation for its clients. The Center's first launch is PharmaOS, Altimetrik's agentic AI framework for life sciences, built on Altimetrik's ALTi AIOS (operating system), with more offerings to be built alongside clients across the industry. With PharmaOS, the Center promises to take clients from a defined concept to a validated, governed AI agentic workflow in one week, helping organizations move quickly from an initial idea to a working, validated use case.
Hindustan Zinc Q2 Results: Net profit skyrockets 142% YoY to Rs 6,412 crore, revenue soars 77%
Hindustan Zinc reported a 142% year-on-year rise in Q2 FY27 net profit to Rs 6,412 crore, while revenue surged 76.5% to Rs 15,093 crore. EBITDA doubled to Rs 9,285 crore, with margins expanding to 62% on higher prices and production.
IDBI Bank staff to hold hunger strike on November 2-3 against privatisation, proposed Fairfax sale
The UFIOE has called on the government to abandon the proposed disinvestment and acquire at least a 6% stake in IDBI Bank, either by purchasing shares from LIC or through the open market.
L&T Technology Services posts 548 crore Q2 profit, declares dividend
L&T Technology Services reported consolidated revenue from operations of Rs 3,040 crore in the second quarter and declared an interim dividend of Rs 20 a share for FY27
Elon Musk said he plans to give every child in the United States one SpaceX share each next year, but has not explained how the giveaway would work. Musk has previously floated ideas that did not materialize, so it remains unclear whether this plan will go ahead.
Auto tech cos raise $1.3 bn across 97 funding rounds in 2026 so far: Tracxn
India's auto tech companies raised USD 1.3 billion across 97 funding rounds so far this year, according to a report from data intelligence platform Tracxn. The funding rounds were led by ride-hailing firm Rapido's USD 240 million, followed by electric two-wheeler manufacturer Simple Energy's USD 180 million and River's USD 102 million. India Auto Tech companies raised USD 1.3 billion across 97 rounds in 2026 year to date (2026 YTD) against USD 2.1 billion across 195 rounds in 2025. All funding figures are US dollar equity funding and exclude debt, grant, post-IPO and ICO funding, the report, India Auto Tech - 2026 YTD, said. Automated parking solution provider Sotefin recorded the highest IPO market capitalisation at USD 35 million, followed by Victory EV India at USD 11 million and accessories company AutoFurnish at USD 6 million. There were 10 rounds of USD 34 million or more, totalling USD 900 million during the period. These accounted for around 70 per cent of the total USD 1
Hindustan Zinc profit more than doubles to Rs 6,412 cr on higher prices
Higher zinc and silver prices, increased production and lower zinc production costs boosted Hindustan Zinc's quarterly earnings, while revenue from operations rose 76.5%
Greenzo Energy raises 251 crore to fund growth plans
Greenzo Energy plans to use funds to expand electrolyser manufacturing capacity, strengthen backward integration, and advance research and development
Those behind attack wont be spared: Fadnavis on Tiger Shroff firing case after 3 arrested in Kota
ET HR Excellence Awards 2027: Spotlighting the People Behind Business Performance
In today's dynamic environment, Human Resources Business Partners (HRBPs) are key players in synchronizing workforce initiatives with broader organizational aspirations, tackling talent challenges, and facilitating transformational change. The ET HR Excellence Awards 2027 celebrates exemplary HR practices that foster organizational brilliance, underscoring the vital contributions of strategic HR leadership to enhance workplace culture and people management strategies.
Comviva and Aduna Showcase Network Intelligence for Financial Services at Money20/20
New Delhi [India]/ Las Vegas (Nevada) [US], October 19: Comviva, a global leader in digital transformation solutions, and Aduna, the global aggregator of standardized network APIs, are advancing the use of network intelligence to address growing digital identity and fraud challenges in financial services. At Money20/20 USA, taking place October 18-21, 2026, in Las Vegas, the companies will showcase the progress of their collaboration and demonstrate how network APIs can help financial institutions strengthen identity verification, detect SIM-swap detection, enhance fraud prevention, and streamline customer onboarding. By enabling financial institutions to leverage network-derived insights, the collaboration aims to strengthen digital trust while supporting more secure and frictionless customer experiences.
Conservation efforts in Nevada have successfully removed invasive blue tilapia to protect the native Moapa dace fish. After targeted removal operations, Moapa dace have begun to recolonize areas where they were previously extinct. Habitat restoration included creating new streams to support the species' survival. Long-term recovery requires ongoing monitoring and preventing invasive species from re-entering ecosystems. These actions show that effective conservation goes beyond simply removing threats to native species.
Tiger Shroff Car: Is his BMW 3 Series Gran Limousine bulletproof? Check its safety features
Is Tiger Shroff's BMW 3 Series Gran Limousine bulletproof? Check its safety features, including airbags, ABS, stability control and run-flat tyres, and how they differ from specialised armoured cars.
Alembic Pharma receives USFDA approval for generic ear infection drug
Alembic Pharmaceuticals Ltd on Monday said it has received the final approval from the US Food and Drug Administration (USFDA) for its generic Ciprofloxacin and Dexamethasone Otic Suspension USP. The product is indicated for the treatment of certain ear infections in paediatric patients aged six months and older, as well as adults and elderly patients. The approved Abbreviated New Drug Application (ANDA) is therapeutically equivalent to the reference listed drug product (RLD), Ciprodex Otic Suspension, 0.3 per cent/0.1 per cent, of Sandoz Inc, the company said in a statement. The drug is indicated for the treatment of infections caused by susceptible isolates of designated microorganisms in specific conditions, including Acute Otitis Media (AOM) in pediatric patients aged 6 months and older with tympanostomy tubes, and Acute Otitis Externa (AOE) in pediatric (6 months and older), adult, and elderly patients, it said. Citing IQVIA data, the company said Ciprofloxacin and Dexamethaso
Despite a sharp market downturn in 2026, all 10 top-performing equity PMS strategies delivered positive returns in September, ranging from 3.55% to 5.67%. Amaltas Asset Managements Keystone Fund led the rankings, while Cupid and Sterlite Technologies featured among the prominent holdings across multiple portfolio management strategies.
The Social Reckoning: Looking back at Facebooks 2021 scandal and where Meta stands today
Aaron Sorkins latest film focuses on Facebook's past controversies and the implications of its business model. The story centers around whistleblower Frances Haugen and her allegations regarding Facebook's internal practices. Meta, formerly Facebook, is navigating ongoing concerns about safety and user engagement. The film, while offering a dramatic retelling, critiques the effectiveness of Metas strategies. This cinematic exploration aims to provoke discussions on corporate accountability in the tech industry.
Moody's sees limited impact on Fairfax leverage from IDBI Bank takeover
Fairfax Financial Holdings is preparing to acquire a majority stake in IDBI Bank in India. The Canadian investor's acquisition aims to enhance its presence in the growing Indian financial market. Fairfax plans to fund the transaction through various means, ensuring a stable financial position during the process. IDBI Bank has shown improved profitability since 2021, reflecting successful management changes.
ZF expects India sourcing to grow 10-15% annually over next 3-4 years
ZF Group has seen India sourcing rise 20% in three years and expects further growth, citing a 20% cost advantage from Indian suppliers even after shipping expenses
FIIs raise stakes in 8 smallcap stocks in Q2; shares surge over 200% in FY27 so far
Eight smallcap stocks have surged over 200% in FY27 so far as foreign institutional investors increased their shareholdings in the September 2026 quarter. Kabra Extrusiontechnik led the gains at 343%, followed by Modison at 333%, according to ACE Equity data.
MAHE Corporate Cricket Championship 2026 Brings Industry and Academia Together at Bengaluru Campus
Bengaluru (Karnataka) [India], October 10: Manipal Academy of Higher Education (MAHE), an Institution of Eminence Deemed to be University, launched the MAHE Corporate Cricket Championship (CCC) 2026 at its Bengaluru Campus on Saturday. Bringing together teams from leading organisations across sectors, the 27-match T20 tournament places industry-academia engagement at its centre, giving corporate professionals and the university community a shared platform to build connections, exchange perspectives and explore opportunities for collaboration through sport.
ACME Solar signs 300 MW power supply pact with Seci at 6 per unit
ACME Solar Holdings Ltd on Monday said that through its subsidiary, ACME Greentech Twenty Pvt Ltd, it has signed a Power Procurement Agreement with Solar Energy Corporation of India (SECI) for 300 MW / 1,200 MWh assured peak supply. The assured peak supply under SECI's FDRE-IX tranche was at a tariff of Rs 6 per unit, with an effective date of October 6, 2026, a company statement said. This Firm and Dispatchable Renewable Energy (FDRE) project supports the growing need for reliable, dispatchable clean power during evening and night-time peak demand, helping strengthen grid stability as renewable energy's share of India's power mix increases, the statement added. Following this agreement, ACME Solar's under-construction PPA-signed contracted portfolio stands at 4,310 MW out of total under construction contracted capacity of 5,380 MW, it stated. Through this FDRE project, ACME Solar will supply 4 MWh per MW of contracted capacity for any four hours daily during the non-solar hours, .
UltraTech Cement Q2 profit rises 21% to 1,494 crore; sales up 19% on year
Net sales rose 18.9 per cent to 23,024 crore and domestic grey-cement volumes grew 13.8%, while PBIDT increased 17.3% to 3,832 crore on year in Q2FY27
UltraTech Cement Q2 Results: Net profit jumps 21% YoY to Rs 1,494 crore; revenue up 19%
UltraTech Cement Q2 Results: The cement maker reported a 21% year-on-year rise in consolidated net profit to Rs 1,494 crore in Q2 FY27, while revenue grew 19% to Rs 23,295 crore. However, profit fell 43% sequentially amid monsoon-related disruptions and the West Asia crisis, with margins also declining from the previous quarter.
TIME Best Inventions 2026: Why did new Apple CEO John Ternus land cover alongside iPhone Duo?
The recognition came just weeks after John Ternus succeeded Tim Cook in September, marking a generational shift for Apple
ABD fires up Moradabad bottling plant, deepens UP bet with 600 crore outlay
On the NSE, ABD shares were trading at 743.55 at the time of the announcement, down 0.68 per cent on the day, against a 52-week high of 766.90 hit just four days earlier on October 15
Jio Platforms is making waves with its IPO, drawing in around Rs 2.5 lakh crore from institutional investors, reflecting remarkable enthusiasm in the market. With backing from renowned global asset managers and sovereign wealth funds, this Rs 30,200 crore offering launches on October 21, featuring a price band of Rs 1,065 to Rs 1,119 per share. The company aims to use most proceeds to clear existing debts, enhancing financial stability.
OPPO Unveils ColorOS 17, bringing the Next Generation of Smart Experiences to Users in India
New Delhi [India], October 19: OPPO today unveiled ColorOS 17, the latest generation of its mobile operating system, delivering a new level of smoothness alongside more intelligent, system-level AI capabilities. Debuting on the upcoming Find X10 Series on 22 October 2026 in India and rolling out progressively to more OPPO devices, ColorOS 17 will bring these new experiences to users in India and around the world.
Delhi HC imposes fine of 1 on Niva Bupa Health Insurance: Whats the case? Why the amount? Explained
Niva Bupa Health Insurance must pay Re 1 after the Delhi High Court found it had misused the courts specialised IP jurisdiction in a lawsuit against influencer Vishal Rattewal.
IDBI Bank sale to Fairfax: What the Rs52,878 crore deal means
Led by Khosla Ventures, the funding will help Even expand to five Bengaluru hospitals by early 2027 as healthcare startups and hospital groups look to integrate care, insurance and prevention.
HFCL stock hits upper circuit as Q2 FY27 profits surge over 5x y-o-y
Consolidated revenue for Q2 FY27 rose 143.62% year-on-year to 2,541.79 crore, up from 1,043.34 crore in the same quarter last year
How much can a Zero-Forex credit card save you on an international trip?
International travel entails various expenses that can incur foreign exchange markup charges, impacting overall costs. Understanding forex markup helps travelers identify significant savings by comparing credit card options before applying. A zero-forex card may reduce costs on eligible international transactions, particularly during prolonged trips abroad. Additionally, travelers should evaluate overall benefits such as rewards and insurance besides forex charges.
Mumbai (Maharashtra) [India], October 19: ECOVACS Robotics today announced the launch of its flagship DEEBOT X12 OmniCyclone robot vacuum and the WINBOT mini 2 window-cleaning robot, built to take floor and window cleaning off your list during the festive season.
Bibi will never let you down!: Trump endorses Netanyahu for re-election, issues warning to Iran
HFCL Q2 Results: Profit zooms 448% YoY to Rs 394 crore; stock hits 5% upper circuit
HFCL reported a 448% year-on-year jump in Q2FY27 net profit to Rs 394 crore, compared with Rs 71.92 crore a year ago. Revenue surged 144% to Rs 2,542 crore, while EBITDA rose 224% to Rs 658 crore. EBITDA margin expanded 640 basis points to 25.89%. The optical fibre and AI beneficiarys stock hit the 5% upper circuit at Rs 268.70 on the BSE and has gained nearly 300% so far this year.
Luggage makers pin hopes on the festive, wedding seasons to drive growth
Companies hope stronger seasonal demand will help, though recovery may not erase earlier weakness.
HDFC Bank vs ICICI Bank: One has the growth, the other has the valuation edge. Which stock to buy?
ICICI Bank has outperformed HDFC Bank in 2026, supported by stronger loan growth, deposits and profitability. While ICICI commands a valuation premium, HDFCs 28% stock decline has created a potential recovery opportunity. Brokerages see scope for HDFCs margins to improve, but narrowing the growth and funding gap remains key.
Union Bank Q2 profit rises 31% to 5,781 crore as NII grows 20% Y-o-Y
Net interest income grew 20.2% to 10,765.32 crore and provisions fell 49.6%, while consolidated advances expanded 19.4% on-year in Q2FY27
How to trade Tech Mahindra shares after 22% rally in 4 days? Technical expert weighs in
Tech Mahindra shares fell 2.1% after a sharp post-results rally, as investors booked profits. Brokerages remain divided, with Nuvama projecting 25% earnings growth over two years, while Nomura maintains a Neutral rating amid a focus on future growth and margins.
TVS Capital eyes six deeptech, manufacturing bets in Fund IV
TVS Capital plans at least six investments across deeptech and manufacturing through its latest fund, while prioritising proprietary IP and cautioning against stretched AI valuations.
TASMAC plans to introduce four beer varieties in Tamil Nadu by year-end, with prices starting at 250, pending approval. They will be available at regular and elite outlets. Its online portal lets customers check prices, pay and collect orders using a QR code, but does not provide home delivery.
Is the worst of AI deflation over? Depends on which IT boss you ask
India's leading IT services companies disagree on how long AI-driven revenue deflation will persist, highlighting uncertainty over the industry's growth outlook.
PSU bank stocks surged up to 8% on Monday, led by Punjab National Bank after its Q2FY27 earnings beat estimates. In contrast, private lenders such as Axis Bank and HDFC Bank fell up to 5% despite reporting profit growth. The Nifty PSU Bank index gained over 2%, while its private-sector counterpart declined.
Jio Platforms IPO GMP signals 22% potential listing gain; issue opens on October 21
Jio Platforms Rs 30,213-crore IPO will open for subscription on October 21 and close on October 23, 2026. The issue comprises a fresh issue of 27 crore equity shares, with allotment expected on October 26 and listing tentatively scheduled for October 28 on the BSE and NSE.
Yes Bank's AT1 bond revival wont trigger cash outflow, says CEO Tonse
Chief executive officer Vinay Tonse said the exercise would be a balance-sheet adjustment.
Truecaller expects $91 million tax claim from India over transfer pricing
A transfer price is the actual price charged in a transaction between related entities, according to Income Tax website
PhonePe Invest aims to bring everyday savers into equities: Rahul Chari
Digital payments and fintech major PhonePe sees an opportunity to bring millions of Indians who save through gold, fixed deposits and mutual funds into the equity market, with its rebranded 'PhonePe Invest' platform serving as a ridge for first-time investors, according to Founder & CPTO Rahul Chari. PhonePe on Monday rebranded its investing and trading platform Share.Market as PhonePe Invest, bringing it into its broader financial ecosystem. The platform combines stocks, IPOs, mutual funds and F&O offerings with a newly launched Portfolio Optimiser, a proprietary tool to help users build, review and optimise their portfolios. Chari, who is PhonePe's Founder & Chief Product and Technology Officer, told PTI that the rebranding reflects a broader shift in the company's approach, from serving active investors and traders to also addressing those who have begun saving through smaller, regular investments and may now want to enter the equity market. When we started ...
The CA said the domestic property market is bracing for a massive surge in demand that could peak soon and predicted that real estate prices are about to blow up in India in 2027
Punjab National Bank shares rose sharply on Monday after the lender reported a 13% year-on-year rise in Q2FY27 net profit to Rs 5,532 crore. Stronger net interest income and improving asset quality prompted bullish brokerage calls, with Jefferies, Motilal Oswal and JM Financial setting target prices of Rs 140 apiece.
StayVista looks to acquire other businesses, expand into resorts and events
Holiday-home operator StayVista is seeking to boost property use and revenue by managing resorts, offering rooms individually and hosting events.
A dispute over Tata Sons Articles of Association has cast doubt on N Chandrasekarans five-year reappointment as executive chairman. Noel Tata says Article 118 applies and no selection committee was formed.
PC Jeweller shares soar 26% in just two sessions. Heres whats triggering the sharp surge
PC Jeweller shares rallied 26% in two sessions after Cupid promoter Aditya Kumar Halwasiya bought 5.10 crore shares worth Rs 73.60 crore. The jewellery maker recently repaid its dues to 14 consortium banks, achieving debt-free status ahead of schedule.
In meet with Eknath Shinde after firing incident, Tiger Shroff seen with dressing on wounds
US very close to finalising trade deal with India, says Marco Rubio
US Secretary of State Marco Rubio said on Monday that Washington is close to finalising a trade deal with India. He said the US considers various factors, including ongoing trade negotiations, while making decisions on national security waivers related to Russian oil and gas sanctions.
Easy exits hurting Indian stocks: Nirmala Sitharaman explains why equities are underperforming
Finance Minister Nirmala Sitharaman says easy liquidity is allowing investors to exit Indian equities as the Nifty and Sensex struggle to deliver positive returns. Foreign investors have pulled out nearly $63.6 billion since October 2024, erasing nine years of inflows, amid rising US yields, a stronger dollar and AI-driven investment shifts.
H-1B registrations by Infosys, TCS and Cognizant fell sharply for FY2027 amid higher visa costs and a wage-weighted selection system. The figures reflect fresh entries in the annual cap selection process, rather than total H-1B employment.
Ixigo shares rally 13% after travel platform reports all-time high profit
Ixigo shares jumped after the travel platform reported a record Q2 profit of Rs 63.42 crore, partly boosted by the sale of its stake in Freshbus. Gross transaction value rose 22% year-on-year to Rs 5,304.47 crore, while revenue grew 13% to Rs 320.96 crore and contribution margin increased 14% to Rs 124.86 crore.
UBS capital rules have Swiss stuck between a rock and a hard place
UBS GROUP-REGULATION/ (PIX):UBS capital rules have Swiss stuck between a rock and a hard place
Balrampur Chini, other sugar stocks slide up to 6% as govt halts diversion to ethanol
Indian sugar stocks dropped in early trading following the government's directive to cease sugar diversion for ethanol production. The decision impacts major sugar companies like Balrampur Chini Mills and Bajaj Hindusthan Sugar, which experienced a decline between 2% and 6%. This directive aims to enhance domestic sugar availability amidst rising prices. The government's action follows concerns about potential production shortfalls due to insufficient rainfall.
PNB has comfortable capital buffer, targets 15% credit growth this year, says CEO Chandra
The state-owned bank has no plan to raise capital in the current financial year.
Tech picks: Indian Hotels among 5 stocks to buy for healthy returns in short term
The Indian stock market is rebounding, powered by robust investments in IT sectors and encouraging earnings reports. Analysts highlight five stocks as prime buying opportunities, projecting solid short-term gains. Indian Hotels, Lemon Tree, and Supreme Industries make the list. While technical indicators show strong demand, investors are cautioned about looming global inflation and geopolitical tensions.
Bulls retreat as Sensex falls over 300 points, Nifty slips below 23,100. What's next for D-Street?
The Indian stock market took a hit on Monday after a considerable rise the previous week. Both Sensex and Nifty struggled, with Axis Bank and HDFC Bank suffering significant losses. Nevertheless, firms like SBI and UltraTech Cement managed to post gains. The PSU Bank index rose, providing a stark contrast to the declining private banking sector.
Holding company discount after Jio IPO: What is it & how will it impact RIL shares?
Jio Platforms is preparing to unveil its initial public offering, enhancing its valuation significantly. Analysts foresee a potential reduction in the holding company discount for Reliance Industries post-IPO. While some experts believe the anticipated changes are already included in the stock's valuation, the true effect on RIL shares will hinge on Jio's profitability and future dividend plans.
From Ambani to Delta: why Elon Musk has picked fights over Starlink
Starlink's growth now depends on new markets and big customers, and its rivals are catching up.
Yes Bank shares rose after falling 17% over two sessions, following a 65% year-on-year jump in Q2 net profit to Rs 1,080 crore. However, the lender cautioned that the reported earnings exclude the potential impact of the Supreme Courts AT1 bond ruling.
HDFC Bank shares fall 2% after Q2 results. What are Jefferies, Motilal Oswal analysts saying?
HDFC Bank shares fell up to 2% after the lender reported a 4.6% year-on-year rise in Q2 FY27 net profit to Rs 19,510 crore. Jefferies, Motilal Oswal, Systematix and Emkay retained positive ratings, citing margin recovery potential and leadership transition.
Urban Company shares fell sharply on Monday after its Q2FY27 net loss more than tripled YoY to Rs 182 crore, driven by investments in InstaHelp. Revenue rose 41% year-on-year to Rs 537 crore. Motilal Oswal maintained a Neutral rating but cut its target price to Rs 165, citing profitability concerns and balanced risk-reward.
