32 C 
Mehli Mistry rules out reinstatement as Tata Trusts trustee, seeks final order on complaints: Report
Mehli Mistry has reportedly told Maharashtras charity commissioner he does not want to be reinstated as a trustee of the Sir Dorabji Tata Trust and Sir Ratan Tata Trust.
New Delh [India], October 13: 7 years, 4 African countries and 7 Indian states later, One Electric's KRIDN X now averages 117 km a day in commercial rental service, run on an AI platform built by two final-year B Tech engineering students.
Why Indias factories struggle to keep up with the world
An Indian factory takes 23% longer to fill the same export order than a Vietnamese factory and pays for 18% more labour-hours to do it.
EIM advances 4,000 crore electric freight plan ahead of Ravindra Energy merger
Energy In Motion is combining vehicle manufacturing, battery subscriptions and charging infrastructure to make electric freight more affordable for fleet operators.
Transformers and Rectifiers Q2 FY27 profit jumps 135%
The companys shares ended 3.05 per cent% higher at Rs 303.80 on the BSE.
RBL Bank shares plunge 7.55% as higher provisions weigh on Q2 earnings
RBL Bank shares recorded their steepest fall in nearly two years as higher-than-expected provisions overshadowed a 2.7-fold rise in Q2FY27 net profit and improved margins
Jio Platforms may draw more than $20 billion in bids for IPO
Jio Platforms Ltd. is generating tremendous interest for its forthcoming initial public offering, with over $20 billion already attracted. The company targets a valuation around 10.3 trillion rupees, or $108 billion. Notable global investors such as Fidelity and Allianz are on board for this primary issue IPO. Expect the launch next week, as final anchor investor discussions are underway.
RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM
Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of Indias ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She also acknowledged the healthy debate around tax rationalization in the securities market.
Sebi notifies PMS rules; broadens investment avenue for portfolio managers, introduces PRIM route
Sebi has announced a new Portfolio Management Services framework effective from April 1, 2027. This framework permits portfolio managers to invest in IPOs, primary market debt, and various overseas securities. Portfolio managers can also offer advisory services related to unlisted securities for large investors. Furthermore, a Portfolio Managers Route for Investing in Mutual Fund units will facilitate investment in direct plans.
'If you can't beat them, join them': Uday Kotak backs China investment, manufacturing JVs in India
Speaking at the Bloomberg New Economy Forum 2026 in New Delhi on Tuesday, Kotak said Indian companies partnering with Chinese firms could help expand domestic manufacturing, drawing a parallel with China's earlier strategy of collaborating with American companies.
NTPC plans Rs 17 lakh crore investment over 10 years to meet rising power demand
Rising electricity consumption, longer peak-demand periods and emerging technologies are prompting the state-run utility to expand generation and storage capabilities
On Tuesday, members of the National Students' Union of India gathered at the Rajiv Chowk metro station. They demanded the resignation of Chief Election Commissioner Gyanesh Kumar due to electoral irregularities. Activist Vinod Jakhar was detained along with hundreds of other demonstrators during the protest. The police increased security measures in Connaught Place, which is near Jantar Mantar.
Volvo launches 1.26 crore EX90, undercuts Kia and Mercedes as BMW surge ahead
Volvo is betting on aggressive pricing to regain lost ground in Indias luxury EV market, where BMW and Mercedes-Benz remain formidable rivals, but delayed deliveries and shrinking market share threaten to slow its comeback.
Bank of America loses bankers, tells staff of big ambition, continued hiring
Recent high-profile exits at Bank of America, such as banker Amy Lissauer, have sparked concerns about the institution's future. Once a leader in investment banking fees, the bank now sits in fourth place. In response to staff unease, executives held a reassuring meeting focused on commitment to employees and recruitment plans.
Rahul Gandhi hitting own party workers: Ravi Kishan says Opposition unable to defeat Modi
Japan's largest bank is in the early stages of considering an increase in its stake in Shriram Finance to more than 50%, from about 20% currently.
Piramal Pharma cuts exposure to Chinese raw materials to reduce supply risk
Piramal is among global drugmakers increasingly seeking to reduce their reliance on China for pharmaceutical ingredients and manufacturing, amid rising geopolitical tensions
Quant MF sells Jubilant Pharmova stake for over 100 crore; stock falls over 2%
Jubilant Pharmova's shares fell 2.32% to 928.80 on the NSE on Tuesday, after the transaction was executed a day earlier
HARTING Joins NVIDIA MGX Ecosystem to Power Next-Generation AI Infrastructure
Chennai (Tamil Nadu) [India], October 13: HARTING Technology Group, a leading global provider of industrial connectivity, today announced it has joined the NVIDIA MGX ecosystem as a power system component provider for the NVIDIA Vera Rubin NVL72 platform.
Large businesses must help MSMEs upgrade, build competitiveness, says MSME secretary Khera
MEME ministry secretary Bharat Khera has called for greater technology transfer, vendor development and supply chain integration as smaller firms face global disruptions and rising costs.
Prestige Estates Q2 sales bookings rise 20% to 7,225 cr on housing demand
Realty firm Prestige Estates Projects Ltd on Tuesday reported a 20 per cent growth in its sales bookings to Rs 7,225 crore for the quarter ended September 2026 on strong housing demand, especially for big branded players. In a regulatory filing, Bengaluru-based Prestige Estates informed that he residential business recorded Pre-sales of Rs 72,250 million (up 20 per cent year-on-year) during Q2 FY27, with sales volume of 5.84 million square feet and 3,910 units sold. During the first half of this fiscal, the company recorded pre-sales of Rs 1,3804.3 crore with sales volume of 11.88 million square feet and 7,247 units sold. Irfan Razack, Chairman and Managing Director of Prestige Group, said, Our residential business continues to see healthy demand. What is particularly encouraging is the response to our new launches, a couple of which were introduced towards the end of the quarter but nevertheless saw good sales traction. Sustenance sales in the ongoing projects have also remai
Indigo signs $328 mn finance deal with Citi to buy for 8 Airbus aircraft
Country's largest carrier Indigo has signed a USD 328 million financing deal with Citi to buy eight narrow-body planes to be manufactured by Airbus. This is the world's first aviation financing transaction insured by the Belgian export credit agency (ECA) Credendo, and the maiden ECA-backed aircraft financing structured through the GIFT IFSC, according to a statement. The financing will help Indigo procure six A321s and two A320s, it said. Global banking major Citi acted as sole mandated arranger, ECA coordinator and sole lender, with the financing backed by Credendo's credit insurance, it added. The transaction was executed through Indigo's subsidiary, InterGlobe Aviation Financial Services IFSC and provides a competitive and diversified source of long-term funding for the carrier's fleet and network growth, it said. By combining Citi's cross-border aviation and ECA financing expertise with Credendo's credit insurance and IndiGo's GIFT IFSC platform, we have delivered a ...
Mint Explainer | Does India have a chance to escape the tariffs on Russian oil?
In the past, India has cut back oil purchases from sanctioned nations. This time, the situation is different. The global oil supply is tight due to the Russia-Ukraine and West Asian crisis.
Domestic demand lifts Nilekani-backed Fundamentums deeptech fund to 3,500 crore
The Nandan Nilekani-anchored firm sees rising investor appetite for deeptech startups developing proprietary technology.
FM Sitharaman's LTCG tax remarks lift Sensex by 1,100 points. Can markets hope for a review?
Indian equities rallied on Tuesday, with the Sensex surging over 1,100 points after Finance Minister Nirmala Sitharaman said discussions around long-term capital gains tax (LTCG) and securities transaction tax (STT) were ongoing. IT stocks also supported gains, led by HCL Tech and TCS. However, mixed broader-market trends, elevated crude prices and inflation concerns continued to temper investor sentiment.
'If you can't beat them, join them': Uday Kotak backs Chinese investment in India
Encouraging a paradigm shift, Uday Kotak of Kotak Mahindra Bank calls for increased Chinese investments in India. He posits that collaborating with Chinese firms could enrich India's manufacturing sector. Kotaks remarks signal a reassessment of global investment trends, advocating for a cooperative model akin to Chinas previous engagements with U.S. companies, aiming to expand the spectrum of available capital even in the face of trade tensions.
New Delhi [India], October 13: Some of the most memorable moments in a student's journey happen when there is room to try something new, step into the spotlight and discover an ability that may have remained unexplored. At HSNC University, Mumbai, Yuvaantar 2026 created that space, bringing students from its constituent colleges and University Schools together for its first inter-collegiate youth festival across music, dance, theatre, literary arts and fine arts.
Vimag Labs starts Jhajjar facility operation; to invest 50 crore for capacity scaling
The site is the starting point of a phased manufacturing build-out in India, says the company
Tata Sons Chairman N Chandrasekaran urged caution over the groups $120 billion growth investments while defending long-term projects such as semiconductors, which may be slow to deliver returns, amid a growing feud with Tata Trusts.
RBL Bank reported a significant increase in net profit for the September quarter of 2026. The bank achieved a 37% growth in net interest income, achieving Rs 2,131 crore. Net advances grew by 42%, while deposits rose by 34%, supported by FCNR(B) inflows. However, margins are expected to moderate as these deposits fully impact the balance sheet.
Sun Pharma board approves plan to raise up to 10,000 cr via NCDs
The decision was taken at a meeting of the company's Board of Directors held on October 12, Sun Pharma said in a regulatory filing late on Monday evening.
PL Capital remains cautious on the Nifty after its eight-week losing streak, ruling out a quick V-shaped recovery. The brokerage has trimmed earnings estimates but sees valuation comfort in largecaps, while flagging inflation, FII outflows and demand risks.
Unique Picks: 10 stocks held by a single MF scheme in September; rally up to 225% in FY27 so far
ETMarkets identifies 11 stocks held by single mutual fund schemes that surged 80%224% in FY27 so far, highlighting seven multibaggers with exclusive fund ownership as of September 2026.
Paytm, Pine Labs, Mobikwik shares crash up to 7% as UPI MPR fee rollout delayed beyond Diwali
Shares of Paytm, Pine Labs dropped after NPCI delayed the rollout of merchant discount rate (MDR) fees on select UPI transactions beyond Diwali. The rollout, earlier scheduled for October 15, was expected to boost fintech companies earnings during the festive season. NPCI said the revised implementation date would be communicated to stakeholders soon.
Vimag Labs starts production at Haryana plant, plans 50 crore investment
Accel-backed deep-tech startup Vimag Labs on Tuesday said it has started production at its first manufacturing facility at Jhajjar, in Haryana and plans to invest Rs 50 crore in a phased manner in scaling capacity. Vimag, which manufactures and assembles motor and control systems and related propulsion systems, has already completed and exported its first production batch from the Jhajjar facility, the company said. The site is the starting point of a phased manufacturing build-out in India, the company said, adding it currently plans around Rs 50 crore investment across this build-out. Our initial focus is on scaling mid-power motor and control systems for commercial programmes. As customer programmes mature, we plan to extend manufacturing into high-power systems of 570 kW and above and deepen partnerships across India for manufacturing, supply chain, tooling and industrialisation, said Manish Seth, Co-founder and CEO, Vimag Labs. The overall scale of investment will continue t
Nearly Half of India's Bank Branches Sit Across Just Six States, ClarityX Report Finds
Mumbai (Maharashtra) [India], October 13: India has a banking network of more than 168,000 branches, but the distribution of that network tells a more nuanced story. Nearly 47% of India's bank branches are concentrated across just six states, according to ClarityX's Banking Access Report 2026.
PNGRB suggests 5% hydrogen blending in piped gas for households
The regulator emphasised that 5% is the maximum commercial concentration, and not the routine control target.
Triveni Power Transmission lists on BSE, NSE following demerger
Triveni Power Transmission Ltd (TPTL) listed 10.48 crore equity shares on BSE and NSE following its demerger from Triveni Engineering & Industries. Shareholders received 1 TPTL share for every 3 shares held. The independent listing aims to enhance business focus on high-speed gearboxes and power transmission equipment.
The IMF has flagged three risks to global financial stability: an AI-driven market correction, rising sovereign bond yields and cyberattacks. These threats could trigger broader financial stress, while high borrowing and tight market linkages may amplify their economic impact.
NTPC seeks overseas buyers for green ammonia, low-carbon fuels
The power producer is in talks with prospective overseas customers as it develops a proposed green hydrogen hub in Andhra Pradesh, Chairman Gurdeep Singh said at an event organised by the Indian Chamber of Commerce
CoinSwitchs investment arm, CoinSwitch Ventures, has rebranded as BlackLane Capital, expanding beyond crypto and Web3 to invest in early-stage startups across fintech, enterprise infrastructure, consumer applications and digital assets. The firm plans to invest up to $5 million per startup and aims to enable over $100 million in startup funding over the next five years through its investments and partner network. It has previously backed more than 26 startups under its Web3-focused mandate.
TVS family feud: What is the dispute over ownership and wealth division?
The TVS family is divided over ownership, wealth distribution and succession, with Mallika and Lakshmi Srinivasan disputing claims of a settlement. Here is what is behind the family dispute
Nifty 50 at 26,500 in 4-5 months? Monarch Networth CEO points to 3 key triggers
Nifty 50 could reach 26,000-26,500 within four to five months, driven by cooling US Treasury yields, dollar weakness, and FII short covering, according to Monarch Networth Capital CEO Gaurav Bhandari. Strong monthly domestic inflows of Rs 31,000 crore provide additional support for valuation re-rating.
Corporate governance in India remains largely confined to seminars, not boardrooms
Drawing on 14+ years helping companies with governance and compliance, Tuljapurkar shares views on enforcement, board accountability, data protection, AI adoption, and diversity in leadership
Chandrasekaran defends Tata's long-term bets despite near-term uncertainty
At Bloomberg's New Economy Forum, Chandrasekaran defended chip investments and long-term capital allocation, even as differences with Tata Trusts Chairman Noel Tata deepen over leadership and listing
Global AI stocks plunged after Broadcom CEO Hock Tan warned that investors are treating artificial intelligence like gambling, raising concerns about excessive valuations and unsustainable spending. He questioned OpenAIs long-term profitability despite strong revenue growth. South Koreas Kospi and Japans Nikkei declined, while Indian IT stocks rallied amid the global technology selloff.
Vantrock to invest 3,000 cr in 4 yrs to build logistics, warehousing parks
Vantrock Real Assets will invest over Rs 3,000 crore over the next four years to develop industrial, logistics and warehousing parks across major cities, amid strong demand from light manufacturing, e-commerce and third-party logistics firms. The Mumbai-based company, in a statement on Tuesday, said it would focus initially on warehousing, industrial and logistics parks. It aims to develop 11.5 million sq ft area over the next four years, representing a gross asset value of Rs 4,200 crore on completion. The initial projects, covering 3 million sq ft, will be located in Delhi-NCR, Bengaluru and Pune. Later, the company will enter Mumbai Metropolitan Region (MMR). Anshul Singhal, a veteran in the real estate sector with over two decades of experience, has set up his own venture, Vantrock Real Assets Pvt Ltd. Every good industrial and warehousing park in this country is full, and the new ones are being built an hour or more away from where the customer's business is. We are going the
Rupee makes stunning comeback: What is RBIs 4-step plan?
Tata Sons chair defends nation-building bets over short-term returns
The Tata Group will keep building what India and the world need, including semiconductor chips, even if these projects are slow to deliver, Chairman N. Chandrasekaran says.
Mukul Agarwal adds 470% multibagger to Rs 8,000 crore portfolio, trims KRN Heat exposure
Ace investor Mukul Agarwal added a 1.2% stake in precision engineering firm Apsis Aerocom, which has surged 470% since its March 2026 debut, to his Rs 8,000 crore portfolio. Meanwhile, he trimmed his stake in KRN Heat Exchanger following a 61% rally over the past year.
NTPC in talks with Japan, South Korea, Germany for sale of green fuel
India has outlined plans to become a major green hydrogen producer, even as developers worldwide have struggled to secure the long-term offtake agreements required to underpin large-scale investments
Carlsberg India asked to shut Alwar unit, says report: Will your beer prices or supply be affected?
Rajasthan's pollution control board revoked the consent to operate, which was granted to Carlsberg India's Alwar facility on April 24, 2024,
Jio IPO may trigger Reliances next big re-rating. Why Religare sees 47% upside
Reliance Industries could see a valuation re-rating as Jio Platforms proposed Rs 30,000 crore IPO brings greater transparency to its digital business. Religare has a target price of Rs 1,696 on the stock, implying 46.7% upside from its current market price.
Tata Chair defends nation-building bets over short-term returns
Chips will be fundamentally required, and advanced manufacturing is here to stay, he said, adding that India has the talent, the market and the ability to step up
Natarajan Chandrasekaran of Tata Sons affirmed the conglomerate's commitment to producing semiconductor chips amid ongoing boardroom disputes. Tata is investing heavily in India's first chip-making unit, a key to future growth. Noel Tata has expressed disagreements over capital decisions and shareholder returns, which has escalated tensions. Despite operational challenges at Air India and within Tata Technologies, the group continues to maintain double-digit growth.
Kolte-Patil sales rise 52% in Q2 FY27 despite softening housing demand
The Pune-based developer reported Q2 FY27 sales of Rs 1,019 crore, up 52 per cent year on year, and added six Mumbai redevelopment projects with an estimated gross development value of Rs 6,000 crore
Zoho pauses annual pay hikes, cuts marketing spend amid rising AI costs
Homegrown technology firm Zoho Corporation has paused its annual pay hikes and pruned its marketing expenditure, citing sharply escalating Artificial Intelligence (AI) infrastructure costs and an uncertain outlook for the software sector, founder Sridhar Vembu said on Tuesday. In a post on social media platform X, Vembu described the global employment landscape for the software sector as grim and said that the company has kept its headcount flat for the past 18 months while making efforts to avoid mass layoffs. The business outlook for software is uncertain, and AI has raised costs dramatically with a) A massive 4-fold increase in server prices which we need for data centres and b) AI usage increasing rapidly, leading to much higher expenses, which we are trying to control, Vembu said. He added that a challenging geopolitical backdrop has further compounded these operational pressures. Outlining the internal measures taken to navigate the headwinds, Vembu stated that the comp
KPIL secures orders worth 2,225 crore in India, overseas markets
Kalpataru Projects has a global footprint spanning 75 countries
UP Board Time Table 2027 Class 10, 12: The Uttar Pradesh Madhyamik Shiksha Parishad has announced the Class 10 and Class 12 examination schedule, with board exams set to run from February 5 to February 24, 2027. Check the subject-wise timetable, morning and evening shift timings, and steps to download the UPMSP date sheet PDF.
Straive Named an OpenAI Select Partner
Mumbai (Maharashtra) [India], October 13: Straive, a global Data & AI operationalization company, today announced that it has been named an OpenAI Select Partner within the OpenAI Partner Network.
India will remain fastest growing economy in the world with 7% growth rate: IMF
Rahul Gandhi has 'lost mental balance', Cong disrupting public life in Delhi: BJP MP Ravi Kishan
BJP MP Ravi Kishan criticized Congress leader Rahul Gandhi for allegedly hitting his own party workers during protests. He accused the Opposition of attempting to hijack democracy as they are unable to defeat the BJP electorally. Kishan claimed that 65 percent of young people support the current government under Modi's leadership. He dismissed Congress's concerns about EVMs as unfounded and self-serving.
Bangladesh PM Tarique Rahman assures minorities of equal rights, security
Bangladesh Prime Minister Tarique Rahman met with Hindu community leaders to discuss their rights and security. He emphasized that every citizen deserves protection regardless of religious identity while ensuring their rights. The government is enhancing security measures ahead of the Durga Puja festival to maintain communal harmony. Past incidents of violence against Hindus have raised concerns about their safety during religious gatherings.
LuLu Group makes Chennai debut with 1 lakh sq. ft Hypermarket, store at metro stations - Details
LuLu Group has opened its first Chennai hypermarket at Shenoy Nagar Metro Station, alongside a smaller LuLu Daily store at Chennai Central. The 100,000-square-foot hypermarket is described by the company as Indias largest within a metro station.
Louis Vuittons China sales slump drags Asia revenue down 5%: Why the luxury industry is worried
Louis Vuittons China sales slump is raising alarms across the luxury industry, as weaker fashion and leather demand, cautious consumers and falling overseas purchases drag LVMHs Asian revenue down 5%.
Warren Buffett became a millionaire at 32. What he advises youth trying to copy his success
Warren Buffett became a millionaire at 32 and has inspired many through his investing journey. He emphasizes starting young and the importance of compounding over time. Buffett used the metaphor of a 'snowball' to illustrate building wealth gradually. He recently transitioned leadership at Berkshire Hathaway and reflected on his career. Buffett expressed confidence in the company's future and his continued role as a shareholder.
HC rejects SpiceJets plea for more time to deposit 144.5 cr in Maran dispute
The Delhi high court also rejected SpiceJets proposal to furnish documents of a Gurugram property as security.
Why 7-Eleven's India ambitions faltered despite Reliance Retail partnership
7-Eleven has shut its remaining 31 stores in Mumbai and Pune after its five-year franchise partnership with Reliance Retail ended
Bollywoods ageing stars leave a gap. Can young actors fill it?
Hindi studios are increasingly backing younger actors for major and mid-budget films as established stars age. Will the bet pay off for Bollywood?
Global AI stock enthusiasm hit a roadblock as South Korea's Kospi plunged 7.4% on chip competition concerns and Broadcom's warning on AI spending. Conversely, Indian IT stocks surged, adding Rs 26,000 crore in market cap as investors rotated into services over semiconductor hardware exposure.
Q2 results today: Hero Motors, Tata Elxsi, 20 others to report earnings
Q2FY27 results today: Hero Motors will report its first quarterly results since its stock market debut last month
Who is Lakshmi Venu and what is Venu Srinivasan's daughter's role in the TVS family succession row?
The TVS family is facing an internal dispute over wealth and economic interests, not management roles. Lakshmi Venu and her mother, Mallika Srinivasan, say no settlement has been agreed and are seeking dialogue and a fair process, following disclosures about Sudarshan Venus beneficial ownership.
MahaTransco said to pick Axis to lead $1 billion IPO, eyes June 2027 listing
Maharashtras state transmission utility is said to have selected a syndicate of merchant bankers for a share sale expected by June 2027, as electricity demand rises and state-backed IPOs gather pace.
Ircon International shares jump 7% on Rs 862 crore railway EPC contract win
Ircon International shares surged after the company secured an EPC contract worth Rs 862.46 crore from East Central Railway. The project involves track-related works, including laying and linking railway tracks and supplying materials for the third and fourth lines under the Son NagarAndal project.
Bandhan Bank shares jump 7% as Abu Dhabis IHC explores stake in promoter Bandhan Financial Services
Bandhan Bank shares jumped nearly 7% after reports that Abu Dhabi-based IHC was in early-stage discussions to acquire a promoter stake in Bandhan Financial Services, potentially giving existing investors an exit opportunity.
Rs 26,340 crore added in minutes! Why HCL Tech, TCS and other IT stocks rallied up to 7%
Indian IT stocks rallied up to 7%, with the Nifty IT index gaining 3.3%, as concerns over rising AI investment costs and uncertain returns rattled global technology stocks. Broadcom and Intel executives flagged capital constraints, prompting investors to reassess the AI boom. Separately, OpenAI told investors its September annualised revenue was nearly $50 billion, below its earlier indicated figure of $70 billion.
Indias food regulator FSSAI is preparing tighter rules for quick-commerce platforms, including Blinkit, Instamart and Amazon Now, amid rising enforcement over food safety violations. Here's all we know
Old Monk sales ban costs Maharashtra govt 350 cr, company loses 500 cr
The liquor manufacturer told the Bombay High Court that the sales restriction has cost it over 500 crore, as a dispute with FSSAI over rum flavouring and labelling remains unresolved
AI tools are reshaping Indias fast-growing microdrama market
Mobile video platforms and OTT players are using artificial intelligence models to lower production costs and personalize content discovery, though turning faster rollouts into sustainable viewer engagement remains a challenge, insiders said.
Polycab shares tumble 5% as stock set to exit F&O segment from December 30 onwards. Here's why
Polycab India shares dropped over 5% after the NSE announced its exclusion from the F&O segment from December 30. The move follows insolvency proceedings initiated against the company, although NCLAT has stayed the NCLT order. Existing derivative contracts will continue until their respective December expiries.
High crude vs festive demand: Can consumption stocks withstand the oil shock?
As the festive season approaches in India, high crude oil prices stir worries over profit margins for companies across sectors like FMCG and apparel. With input and logistics costs rising, analysts indicate that while consumer spending could increase, the burden of elevated crude prices might pressure profit margins. Larger, established brands may adapt more easily than smaller firms, leaving a challenging equation between cost absorption and maintaining market position.
Kolte-Patil Developers Q2 sales bookings rise 52% to record 1,019 crore
Kolte-Patil Developers Ltd on Tuesday reported a 52 per cent growth in sales bookings to Rs 1,019 crore in the July-September quarter on better demand for its housing projects. Its sales bookings stood at Rs 670 crore in the year-ago period. In a regulatory filing, the company reported its highest-ever quarterly sales of Rs 1,019 crore in the July-September period of 2026-27 fiscal, up 52 per cent year-on-year. For the first half of this fiscal, sales bookings reached a record Rs 1,636 crore, up 27 per cent from Rs 1,286 crore in the year-ago period. Hrishikesh Parandekar, Chief Executive Officer, Kolte-Patil Developers, said, Our robust performance in Q2 and H1 FY27, with record quarterly and half-yearly sales and strong collections, reflects the resilience of our business. The company saw strong sales in new projects and also sustained sales across its ongoing projects, he added. While demand has softened in the near term across the broader market, particularly in Pune, we
India's CRDMO sector is on the brink of expansion, backed by solid partnerships with major pharmaceutical players and comprehensive capabilities. Jefferies emphasizes the critical role of specialized manufacturing skills and a strong project pipeline for achieving success. With Divi's Laboratories and Sai Life Sciences excelling in these domains, there is potential for notable earnings growth.
On Tuesday morning, Indian equity benchmarks, Sensex and Nifty, showcased a robust recovery after a lower opening. The Sensex surged over 650 points, while Nifty ascended by nearly 200 points, surpassing the 22,550 mark. Driving this upward momentum, IT stocks saw notable gains, particularly HCL Tech, which soared more than 5% following its impressive Q2 results.
Global smartphone shipments record worst third quarter in 14 years amid memory shortage
Rising memory-component prices for AI infrastructure have raised production costs and prompted manufacturers to raise prices, cut shipments, and prioritise profitability over volumes
ICICI Prudential AMC shares rose 2% after reporting a 6% YoY net profit rise to Rs 889 crore in Q2 FY27. Major brokerages including Jefferies, Emkay, and Centrum retained positive ratings with revised target prices offering up to 30% upside potential, while a Rs 30 dividend was declared.
Another significant milestone: Railways share update on MumbaiAhmedabad Bullet Train project
The MumbaiAhmedabad Bullet Train project has completed all 14 portal beams over Vadodaras DelhiMumbai Rajdhani line. The 508-kilometre corridor is more than 80% complete in land and major structural progress, with its first operational stretch expected in 2027.
RBL Bank shares plunge 8% despite 170% jump in Q2 profit. Should you buy, sell or hold?
RBL Bank shares fell up to 8% despite a 170% year-on-year jump in Q2 FY27 net profit to Rs 481.7 crore. Strong net interest income growth and improved asset quality supported performance, while provisions rose. Nuvama raised its target price to Rs 500, citing the ENBD acquisition and FCNR deposit mobilisation, while Dolat Capital retained its Sell rating with a Rs 320 target.
Reliance Jio IPO: GMP already seeing 'Ambani premium' ahead of record issue launch
Reliance Jio Platforms is gearing up for a monumental IPO, sparking tremendous investor interest as grey market prices indicate a robust premium. Analysts suggest a potential 15-16% rise over the anticipated price range, with estimated proceeds around Rs 30,200 crore, marking this as India's largest public offering. Jio aims to redefine its image as a technology powerhouse, with further details on pricing and plans expected soon.
This year, over Rs 1 lakh crore has been funneled into small and midcap funds, reflecting a surge in investor enthusiasm. While smallcaps have recently taken the lead over largecaps, the latter are drawing attention due to attractive valuations. As growth expectations for largecaps are evening out, it indicates a possible shift in investment returns.
