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SWITCH Mobility and PURPLE BUS launch electric bus service in NagpurChandrapur route
This marks SWITCH Mobilitys third intercity deployment with Prasanna Purple Mobility Solutions this year, following the ag-o of electric coaches on the MumbaiPune & Dombivli-Pune routes in April 2026 and October 2026
The San Francisco-based start-up is the latest, planning to use swarms of AI agents to accelerate the discovery of semiconductor materials that could help address the major heat problem for AI chips.
Former Swiggy CTOs trading app Sahi eyes up to $50 mn at $500 mn valuation
Founder Dale Vaz is betting on single-screen trading technology and discounted 10 F&O pricing to build Sahi into a serious contender against incumbent discount brokers such as Groww and Zerodha.
Varanasi to witness IAF's 'Wings Over Ganges' aerial display on October 25
Varanasi is preparing to host the Air Force Day Aerial Display-2026 at Namo Ghat on October 25. The event will feature various aircraft, including frontline fighters like SU-30MKI and Rafale, showcasing aerial prowess. It aims to inspire youth by introducing them to aviation and career opportunities in the Indian Air Force. Organisers emphasise the importance of training, technology, and operational preparedness behind the aerial performances.
Research on a ranch in Colorado highlighted the effectiveness of a unique fence in fostering the growth of young aspens. It successfully kept elk at bay for four years while still allowing smaller creatures like deer and bears access. This resulted in a notable increase in the height of protected aspens, indicating that successful ecosystem preservation can be achieved without entirely excluding larger wildlife, ensuring that biodiversity thrives.
Marco Rubio lands in Mumbai as New Delhi, Washington push to close trade deal
US Secretary of State Marco Rubio is in India to enhance cooperation in energy, trade, and defense matters. His visit focuses on advancing the India-US Comprehensive Global Strategic Partnership and includes discussions on economic engagement. Rubio's earlier trip in May involved meetings with Prime Minister Narendra Modi and External Affairs Minister S Jaishankar. The anticipated bilateral trade deal aims to address tariff issues and boost market access.
Pune (Maharashtra) [India], October 20: Bajaj Broking, a full-service stockbroker, today announced the launch of its algorithmic trading platform, enabling users to access ready-made, exchange-registered strategies or build customised trading strategies using a range of technical indicators and predefined trading conditions.
The investors included Abu Dhabi Investment Authority, BlackRock Global Funds, Eastspring Investments, Government Pension Fund Global, Natixis International Funds, Integrated Core Strategies (Asia) and Citigroup Global.
Lamborghini and Montegrappa have unveiled a limited-edition pen marking the Miuras 60th anniversary. Available in fountain pen and rollerball versions, it features a retractable rock-crystal headlight and comes in three colours. Deliveries are expected to begin in mid-November.
AstraZeneca partners with Oracle for AI-driven clinical trials
AstraZeneca and Oracle launch AI-powered real-world data trials in Abu Dhabi, accelerating recruitment and safety monitoring across multiple diseases
Elon Musk plans to give every US child a SpaceX share, worth $10.5bn. Anthropic is setting aside 5% for a public fund. Here is how tax could work.
EAAA India Alternatives to float Rs 1,200-cr IPO on Oct 26
EAAA India Alternatives Ltd will open its initial public offering worth Rs 1,200 crore on October 26. The IPO will close for subscription on October 28, following anchor investor bidding on October 23. This offering is entirely an offer for sale from the Edelweiss Group with no fresh issue component. Additionally, SEC Environmental Technologies Ltd plans to launch its IPO on October 27.
The much-anticipated Reliance Jio Platforms IPO is launching for public subscription starting October 21, 2023. Shareholders of Reliance Industries can benefit from a Rs 2,500 crore reservation aimed at maximizing their investment opportunities. Those eligible are encouraged to apply in both the shareholder and retail categories. Shares are priced between Rs 1,065 and Rs 1,119, with allotments set for October 26 and listings on October 28.
In a post on X, formerly Twitter, Kamath said such schemes remain a concern even in 2026, calling them one of the silliest ways for investors to lose money. He also warned that these cases could become more frequent as the market cycle advances, pointing to a rise in alleged pump-and-dump schemes operating through WhatsApp groups and influencers promoting stocks and initial public offerings (IPOs).
California-based Cloudera agreed to a $2 million settlement over allegations of discrimination against US workers and a two-year ban from the PERM green card programme. The deal includes $1.4 million in back pay and $600,000 in penalties.
PepsiCo India expects steady festive snack sales driven by new launches
The company is expanding its portfolio across snacks, 'better-for-you' products and premium offerings to cater to diverse consumer preferences during the festive season, said Saakshi Verma Menon, Chief Marketing Officer Foods at PepsiCo India.
India Inc eyes a festive boom, but the bottom line holds a twist
Festive shopping is currently gaining momentum with significant sales in both online and offline markets. Companies are experiencing increased demand but are also facing rising costs that impact profitability. Many consumers are driven by discounts and affordable payment options during this festive season. Businesses are adapting pricing strategies to balance consumer affordability with input cost pressures.
Jagruti Rehabilitation Centre opens 80-Bed Facility at Gulbai Tekra, its second in Ahmedabad
Ahmedabad (Gujarat) [India], October 20: Jagruti Rehabilitation Centre has opened its second facility in the city, an 80-bed centre at Gulbai Tekra. It comes three years after the organisation's first Ahmedabad centre, in Ognaj, which has 35 beds. The two together give Jagruti a residential capacity of 115 beds in the city.
Former civil servant EAS Sarma urged the President to reconsider the proposed IDBI Bank sale to Fairfax and seek an independent inquiry. He argued the process lacks transparency, may undervalue public assets and impacts the lenders development and welfare roles as a CPSE.
Mukul Agrawal portfolio: Ace investor adds 7 new equity stocks in Q2. Do you own any?
7 stocks he likely added to his secondary market portfolio during the second quarter of FY27. With shareholding disclosures still being released, further changes to his portfolio cannot be ruled out.
Hockey India announces free entry to all matches to men's Asian Champion Trophy
Hockey India announced that fans will receive free entry to all matches of the men's Asian Champion Trophy. The matches are to take place in Jalandhar and Mohali from October 27 and November 5. All league-stage matches will be played in Jalandhar from October 27 to November 2, while the semi-finals and medal matches will be played in Mohali on November 4 and 5. Fans can avail their free entry passes by registering on ticketgenie.in.
Voters in Alberta overwhelmingly chose to remain part of Canada, with 76% supporting unity. The referendum was part of a broader political movement influenced by dissatisfaction with the federal government. Prime Minister Mark Carney welcomed the results, emphasizing the importance of a united Canada. Despite this setback, separatist sentiments continue to linger among some Albertans. The implications of this vote may shape future political dynamics in the province.
According to the National Capital Region Transport Corporation (NCRTC), two more priority Namo Bharat corridors Delhi-Panipat-Karnal and Delhi-Gurugram-Behror are likely to receive the approval soon.
Canara Bank flags bond yield risk, bets on festive credit demand
Rising government bond yields could expose Canara Bank to mark-to-market provisioning risk, with the eventual impact depending on market yields and the relevant measurement date.
Tonbo Imagings Rs 852 crore IPO subscribed 140x. Check GMP, allotment, other details
The issue received bids for 1,15,86,91,464 shares against 85,26,033 shares on offer. Qualified institutional buyers led the demand, subscribing to their allotted portion 293.56 times. The non-institutional investor category was subscribed 170.94 times, while the retail portion saw 31.06 times subscription.
The Central Board of Direct Taxes has introduced Form 173A for income-tax exemption claims. This new form includes detailed information to be submitted by foreign institutional investors. Exemptions are available for interest and capital gains on government securities according to recent amendments. The Income-tax Act, 2025, provides these exemptions starting from April 1, 2026. The additional requirements aim to streamline the process for eligible investors and organizations.
Tech Beats Tariffs: Global Trade Growth Accelerates and Globalization Sets New Record
New Delhi [India], October 20: The global race to build infrastructure for artificial intelligence is giving world trade strong momentum at a time of higher tariffs and geopolitical conflicts.
Europes four largest telecom companies are exploring plans to launch their own satellite mobile services to reduce reliance on Elon Musks Starlink amid rising geopolitical tensions. Starlink has also faced controversies involving India and Ukraine.
Jio IPO vs Airtel shares: Which telecom giant offers greater valuation comfort to investors?
The Rs 30,213-crore public offering comprises an entirely fresh issue of 27 crore shares. If completed as planned, it will become Indias largest-ever initial public offering (IPO), surpassing Hyundai Motor Indias record set in 2024.
Anthropic is negotiating a second potential $45 billion computing deal with Nscale for a 460MW West Virginia data centre as both firms pursue IPO ambitions.
Gary Kirsten, who coached India to the 2011 Cricket World Cup title, praised Pakistan's natural beauty after cycling through Islamabad's Margalla Hills. The Sri Lanka head coach also expressed interest in exploring Pakistan's northern regions.
Teslas 2026 proxy seeks Musks re-election and a vote on his $158 billion reported pay package, but includes no SpaceX merger proposal.
A total of 16 stock market holidays have been scheduled for 2026, out of which twelve have already passed. After the Dussehra holiday, trading will remain suspended on three more occasions over the remaining two months of the year.
HFCL Q2 net profit jumps 448% to Rs 394 crore
Net profit surged 448.14% year-on-year to 394.22 crore from 71.92 crore a year ago, while revenue increased 143.62% to 2,541.79 crore from 1,043.34 crore. Sequentially, profit increased 60.49% from the previous month, and revenue rose 32.73%.
Steelmakers may outperform non-ferrous peers in Q2 as higher volumes support earnings
Non-ferrous companies are expected to see a sequential decline in earnings, with revenue and Ebitda expected to fall 2% and 13%, respectively. The decline in average LME aluminium prices is likely to weigh on their profitability.
UltraTech Cement Q2 net profit up 21% in September quarter
A near 14% year-on-year growth in grey cement volumes to 35.94 mt in the domestic market, though, helped UltraTech clock in a near 19% year-on-year growth in consolidated sales to 23,295 crore. This also helped the profit before interest, depreciation and tax rise more than 17% to 3,832 crore. Consolidated profit for the quarter rose 21% on-year to 1,501 crore.
ED freezes trading accounts in scam tied to social media
Last week, the ED's Mumbai Zone conducted searches at 29 premises across six cities-Mumbai, Nashik, Ahmedabad, Gandhinagar, Surat and Bhavnagar-under the Prevention of Money Laundering Act (PMLA). The case relates to R M Drip and Sprinklers Systems and R&B Denims, the agency said. According to the ED, the two companies issued more than 35 million shares and convertible warrants through preferential allotments between April 2023 and March 2024. A substantial portion of the funds allegedly came from a small network of connected individuals, firms and lenders, it said.
NSE, BSE to hold Diwali Muhurat trading on November 8
According to circulars issued by the NSE, the special trading session will begin at 2:20 pm on Sunday. Continuous trading in stocks covered by the closing auction session (CAS) will end at 3:15 pm, followed by the closing auction, while trading in other stocks will continue until 3:30 pm. Equity futures and options trading will run from 2:20 pm to 3:40 pm.
Brokerages back ICICI Bank on strong Q2 earnings, see HDFC Bank recovery ahead
Brokerages remain optimistic about ICICI Bank's strong earnings and asset quality after the recent quarter. However, HDFC Bank's profit growth was modest, and margins are under pressure, leading to a more cautious outlook. Despite this, both banks have attractive valuations and positive earnings recovery prospects. On Monday, both stocks experienced declines, along with broader market indices. Analysts highlight potential upsides for both banks based on target prices.
South Indian Bank MD Pai looks at strong culture, gold loan prowess to drive growth
South Indian Bank's new CEO Mahesh Pai plans to leverage the bank's strong culture, deposit base and gold loan franchise to accelerate growth.
How the Polycab case exposes the misuse of IBC for small dues
Insolvency proceedings over minor vendor claims can exert commercial pressure on financially sound companies, even as courts warn against using the bankruptcy code as a debt-recovery tool.
Jio Platforms' IPO draws Rs 2.5 lakh crore in anchor bids
Global investors included BlackRock Global Funds, Capital Group, Fidelity, New World Fund and American Funds Developing World Growth and Income Fund. Other overseas participants included Abu Dhabi Investment Authority (ADIA), Janus Henderson, Societe Generale, Morgan Stanley Investment Funds, Norway's Government Pension Fund Global, Citadel Securities Singapore, Eastspring Investments, T. Rowe Price, Prudential Hong Kong and Integrated Core Strategies (Asia).
Banking stocks, high oil prices drag Indian markets lower
Across Asia, markets were mixed, with South Korea rebounding 1.8% from last week's losses amid simmering concerns over excessive investments in artificial intelligence (AI). Taiwan fell 0.6%, while Indonesia tumbled 3.6% following a warning from index provider MSCI that it would downgrade the country from the emerging market basket.
'Close up your borders!': Trumps blunt message to Macron after violent France riots, 'I warned him'
California settles 23andMe data breach claims for $6 million
California Attorney General Rob Bonta on Monday
Jio Platforms' anchor book draws record 2.5 lakh crore in bids ahead of IPO
The allotment of 7.24 crore shares at 1,119 apiece comes two days before the initial public offering opens for public subscription on October 21
Yes Bank's evaluating capital actions to back growth plans
The manner and the timing of reinstatement of the bonds as well as payment of the coupon is also under assessment, Niranjan Banodkar, CFO, Yes Bank told analysts over a call after the earnings.
Sir Dorabji Tata Trust files reply to Venu Srinivasan, Vijay Singh complaints
The separate complaints by Srinivasan and Singh amid a protracted battle within the Tata group had named SDTT's chairman Noel Tata and his son Neville, who is the vice chairman. SDTT owns nearly 24 per cent stake in Tata Sons, which makes it the largest owner among the shareholders in the holding company of the country's largest conglomerate.
Project Pathways: How Yukti Dahiya Is Bridging the Career-Guidance Gap for Underserved Students
New Delhi [India], October 19: Founded by Class 12 student Yukti Dahiya, the initiative is expanding access to career counselling, scholarships and emerging professional opportunities for students from underserved communities.
Amazon has warned that it could cut over 5,000 delivery jobs and close 15 New York City facilities if Mayor Zohran Mamdanis proposed Delivery Protection Act becomes law. The bill would require direct employment of drivers, prompting concerns over job losses, delivery costs and worker protections.
Walmart seeks $2.5 billion from US bond sale, weighs first Canadian-dollar offering
Retail giant attracts over $14 billion in demand for US debt as spending plans and funding diversification drive borrowing strategy
Vinted Cracks Down on Looted Goods After French Riots
Vinted, a secondhand online marketplace that counts France as one of its largest markets, has seen an influx of listings suspected to contain looted items after riots broke out across the country.
Modi likely to visit Russia in 2027 for annual summit: Kremlin
Prime Minister Narendra Modi is expected to visit Russia next year for an annual summit. Originally, the visit was scheduled for December, but other meetings complicated the timeline. Dmitry Peskov confirmed that the visit is more likely to occur next year. The leaders of India and Russia meet annually following a strategic partnership declaration. Modi's future visit will mark nearly 80 years of diplomatic relations between the two nations.
India-New Zealand FTA comes into effect today
The FTA will provide Indian exporters with 100% duty-free access to the New Zealand market, opening opportunities for MSMEs, women entrepreneurs, farmers and artisans. This is expected to facilitate $20 billion in investments into India in 15 years that would create opportunities across manufacturing, infrastructure, agriculture, and innovation.
ActivityKidz Expands to 20 Cities Across Eight Indian Metros
Gurugram (Haryana) [India], October 19: ActivityKidz, the discovery and booking platform for activities for children, today announced that it is now live in 20 cities across eight of the largest metros in India. Operated by CurioQuest Technologies Private Limited, the platform now serves 2 lakh plus parents every month and works with more than 500 ticketed entertainment and activity venues.
Trump family's Island project, student rage and violent protests: Albanias crisis explained
'45 years in prison': DOJ targets deadly fentanyl trafficking network, reveals shocking numbers
Trade deal 'very close' to finalisation: Rubio
US Secretary of State Marco Rubio will meet with Maharashtra Chief Minister Devendra Fadnavis and External Affairs Minister S Jaishankar. During his visit, Rubio mentioned that the India-US trade deal is close to being finalized. He expressed the need to balance global energy concerns while managing sanctions linked to Russian oil. Additionally, Rubio plans to meet business leaders in Mumbai, including Gautam Adani and N Chandrasekaran.
Disability, elderly care likely to qualify for CSR spending
Companies need to comply with CSR obligations if they have a net worth of 500 crore or more, turnover of 1,000 crore or more, or a net profit of 5 crore or more in the immediately preceding financial year. Under this, they must spend at least 2% of the average net profit made during the previous three financial years in areas or subjects specified by the corporate affairs ministry.
Piramal Finance Q2FY27 results: Net profit zooms 67% to 545 crore
Non-bank lender Piramal Finance on Monday reported a 67 per cent jump in net profit to Rs 545 crore for the September quarter, helped by core income growth and improvements in costs. The company's core net interest income grew 35 per cent to Rs 1,530 crore due to a 24 per cent growth in assets under management and a 0.35 per cent expansion in net income margin to 6.5 per cent. The cost-to-income ratio improved sharply to 52.1 per cent during the reporting quarter from 61.2 per cent, helping the bottom line. Stressing that the company is uniquely positioned in the NBFC universe, as it does not see a threat to margins amid the rising interest rate environment, its Managing Director and Chief Executive Jairam Sridharan exuded confidence that it will be able to expand NIMs by up to 0.20 per cent over the next year. When asked how such a feat will be possible despite rising rates, which increase an NBFC's borrowing costs, Sridharan explained that the rating upgrade it received recently
Punjab & Sind Bank Q2 net profit surges 40% to 412 cr on improved income
Punjab & Sind Bank on Saturday reported a 40 per cent jump in net profit to Rs 412 crore for the second quarter ended September 30, helped by improved core income and reduction in bad assets. The public sector lender posted a net profit of Rs 295 crore in the same period of the previous fiscal. The bank's total income increased to Rs 3,747 crore in the second quarter from Rs 3,373 crore a year ago, Punjab & Sind Bank said in a regulatory filing. Interest income rose to Rs 3,394 crore in the September quarter of FY27 from Rs 2,999 crore in the year-ago period. During the quarter, net interest income rose 22 per cent to Rs 1,162 crore against Rs 950 crore in the second quarter of the last financial year. Net Interest Income of the bank improved to 2.65 per cent from 2.56 per cent at the end of September 2025. Cost-to-income ratio reduced to 29.19 per cent compared to 61.87 per cent in the year-ago period. The bank's operating profit also increased to Rs 617 crore from Rs 505 ...
Jio IPO: LIC, BlackRock, Fidelity, GIC among 212 anchor investors to pour Rs 8,110 crore
Jio Platforms successfully raised approximately Rs 8,110 crore from 212 anchor investors before its upcoming IPO. The company allotted shares to well-known investors such as LIC, BlackRock, and Fidelity. These allocations indicate strong interest from both domestic and global institutional investors. The IPO is expected to surpass the previous record held by Hyundai Motor India. Jio Platforms aims to achieve an equity valuation of nearly Rs 10.3 lakh crore.
Bajaj Finance to shrink lending to reckless borrowers
Bajaj Finance is halving the share of new loans to customers with three or more lending relationships to 3.5% by March 2027 amid concerns indebtedness.
Central Bank of India reports RTGS glitch
Mumbai: Central Bank of India said it detected a technical glitch in its RTGS outward payment system between October 15 and October 17, prompting the lender to shut down and isolate the affected systems while it investigates the cause.The bank said it initiated necessary response measures immediately after becoming aware of the incident and has engaged leading experts to assist with the investigation.The matter is being analysed to ascertain the root cause, and necessary corrective measures are being undertaken, the bank said in a regulatory disclosure.Also read | Yes Bank CET1 may fall to 10% if past AT1 coupons are paid: CrisilCentral Bank added that no customer suffered any financial loss on account of the incident. The lender has not attributed the disruption to a cyberattack and said the root cause is still under examination.The disruption comes days after CERT-In warned that attackers were increasingly using AI-assisted and agentic tools to accelerate reconnaissance, exploitation and financial attacks, including by targeting exposed credentials, dormant APIs and weak access controls at Indian organisations. The cybersecurity agency said such tools could enable attacks to be carried out faster and at greater scale than conventional methods.Also read | Moody's sees limited impact on Fairfax leverage from IDBI Bank takeoverCERT-In and CSIRT-Fin had also recently issued a critical advisory on cyberattack campaigns targeting financial institutions through payment and disbursement APIs. The advisory said attackers had compromised internet-facing applications and partner-bank or payment credentials in some cases to initiate unauthorised fund transfers.
Just Dial Q2 profit declines 9.73% to 107.8 cr despite 13% revenue growth
Just Dial Ltd, a leading local search engine, has reported a decline of 9.73 per cent in its consolidated net profit to Rs 107.8 crore in the September quarter of FY27, on a year-on-year basis. It had posted a net profit of Rs 119.44 crore in the July-September quarter a year ago, according to a regulatory filing. However, Just Dial's revenue from operations was up 13.11 per cent in the September quarter at Rs 342.82 crore, compared to Rs 303.07 crore in the corresponding quarter a year ago. Just Dial's total expenses stood at Rs 262.81 crore, up 14.6 per cent YoY in the September quarter. The company, owned by Reliance Retail Ventures, the retail arm of billionaire Mukesh Ambani-led Reliance Industries Ltd, reported a 5.6 per cent rise in total income to Rs 397.38 crore in the second quarter of FY27. Share of Just Dial Ltd on Monday settled 2.82 per cent higher at Rs 732.55 apiece on the BSE.
Ireda Q2 net profit edges up at 554 crore, loan disbursements rise 31%
State-owned Ireda has posted a marginal rise in its standalone net profit to Rs 554 crore for the September quarter, the company said on Monday. It earned a net profit of Rs 549 crore in the second quarter of the preceding financial year, the Indian Renewable Energy Development Agency (Ireda) said in a statement. In July-September, the company's revenue from operations rose 14 per cent to Rs 2,345 crore from Rs 2,057 crore a year ago. Loan disbursement increased 31 per cent to Rs 10,579 crore against Rs 8,062 crore in the year-ago quarter. Loan book grew 15 per cent to Rs 97,411 crore from Rs 84,477 crore in Q2 FY26. The company's net worth grew 11 per cent to Rs 14,337 crore during the quarter compared to Rs 12,920 crore a year earlier. Our Q2 FY27 performance reflects the continued strength of Ireda's business fundamentals and focus on quality growth. 31 per cent rise in loan disbursements, along with 15 per cent growth in the loan book, underscores the sustained demand for ..
Oberoi Realty open to land buys, joint development deals across Delhi-NCR
Chairman Vikas Oberoi says the developer is exploring land purchases and joint development agreements across Delhi, Noida and Gurugram, while some launches await regulatory clearances
Sobha Q2 profit plunges 54.5% to 33 crore even as H1 sales hit record
The Bengaluru-based developer reported a 31.3% decline in Q2 revenue to Rs 967.06 crore, while first-half sales grew 47.2% and collections increased 4.8% year-on-year
Japan to launch world-first mission to moon of Mars
Japanese scientists will launch the Martian Moons eXploration probe from Tanegashima Space Center, targeting Mars's moon Phobos. The spacecraft aims to collect samples that could reveal the origins of the Solar System and life on Earth. This mission is set for a three-year duration in the Martian region, involving collaboration with US and European space agencies. Mars's other moon, Deimos, will be observed but not landed on during this mission.
Gen Z drives Indias beauty boom, half from small cities: Myntra report
Gen Z allocates a 75% higher share of its wallet to beauty and personal care compared with millennials: Report
Cost-to-income ratio improved to 52.1% during the reporting quarter from 61.2%
The report identifies four major areas where specialised skills are attracting higher pay: AI, data, cloud computing and cybersecurity.
UltraTech flags prolonged cost pressure as West Asia crisis keeps fuel prices volatile
UltraTech's experience bodes ill for smaller rivals, as the cement industry struggles to absorb prolonged input cost increases.
Ireda net profit grows to Rs 554 cr in Sep qtr
Ireda has announced a net profit of Rs 554 crore for the September quarter of FY27, reflecting a robust financial performance. Revenue from operations increased by 14%, totaling Rs 2,345 crore. Additionally, loan disbursements surged by 31%, reaching Rs 10,579 crore. This quarter also marked an 11% rise in net worth, showcasing Ireda's strength in renewable energy financing and management of asset quality.
Titan redeems 1,000 crore commercial paper
The redemption was carried out in accordance with the SEBIs operational circular governing the issue and listing of non-convertible securities and commercial papers
Manufacturers in Surat are moving beyond sarees and synthetic fabrics to produce specialised textiles for defence applications. Full details here.
Bajaj Finance Q2 consolidated net profit rises 29% to Rs 6,367 crore
Bajaj Finance expects AUM to grow 26-27% in FY27 as it accelerates customer acquisition and loan disbursements. The lender plans to book 60-62 million new loans and add 18-20 million customers during the year. Consolidated AUM grew 26% to Rs 5.85 lakh crore in the September quarter, aided by broad-based loan growth. The gold-loan portfolio more than doubled to Rs 24,195 crore, although short-tenor schemes caused a transitional increase in Stage 2 assets. Management does not expect this movement to affect credit costs. Lower funding costs, improving asset quality and a strong liquidity buffer should support growth.
Waaree Renewable Technologies Q2 Results: Net profit falls 29% to Rs 81 crore
Waaree Renewable Technologies experienced a notable 29 percent drop in net profit for the quarter ending September. Their consolidated profit stood at Rs 81.48 crore, a decrease from Rs 116.36 crore year-on-year. While expenses surged, revenues rose to Rs 1,057.84 crore. The company boasts an unexecuted order book over Rs 5,500 crore and a robust bidding pipeline, striving for long-term value through efficiencies and scaling.
LTTS Q2 net profit rises 66.78% to 548.2 crore on one-time gain
Revenue up 12.1%; large deals of over $200 million won, AI-related deals over 50% of total
Indias agrivoltaic capacity is expected to be more than 5-gigawatts in next 3-4 years: 5 gigawatts
MNRE Secretary Santosh Sarangi was addressing reporters ahead of the 7th Agrivoltaics World Conference to be held in New Delhi October 21-23
Srinivasan and Singh lodged their complaints on September 25, seeking an inquiry into the trust's administration and governance, including its role in the commercial affairs of Tata Sons.
Built at an estimated cost of 1,908.43 crore, the highway forms a key link in the proposed Raipur-Dhanbad Economic Corridor under the Bharatmala Pariyojana.
Fire breaks out at Parle-G unit in MP's Jabalpur, no one hurt; situation in control, say officials
More than 20 fire tenders and water bowsers were deployed for firefighting operation
Natco Pharma launches generic cancer drug Carboplatin in US
The launch helps address a critical shortage of the product in the US market, says the company
1 Finance gets Sebi in-principle nod to launch passive-only MF business
The wealth-tech firm plans to launch its MF Lite fund house in Q4FY27 after meeting regulatory requirements, potentially becoming the first AMC under Sebi's new framework
Tata Trusts replies on SDTT complaint; Charity Commissioner to decide soon
Sir Dorabji Tata Trust has submitted its response to governance complaints filed by two trustees, with the Maharashtra Charity Commissioner expected to decide the next course of action
Alia Bhatt's brand Ed-a-Mamma celebrates Six Years
New Delhi [India], October 19: Ed-a-Mamma, the purpose-driven children's and lifestyle brand founded by actor and entrepreneur Alia Bhatt, celebrates its sixth anniversary this October, marking six years of growth and evolution from a digital-first kidswear brand into a growing multi-category business with an expanding exclusive retail presence across India.
Sobha Ltd Q2 profit drops 55% to 33 crore
During the first six months of FY27, Sobha Ltd's net profit fell to 83.80 crore from 86.14 crore in the year-ago period
Even Healthcare raises $50 mn in Series B round led by Khosla Ventures
The fresh capital will be deployed to establish five new hospitals across Bengaluru over the next six months, starting with Indiranagar
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.
