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Know your risks, diversify, & skip tips: Lessons from Smart Investor Arena
At the BFSI Insight Summit 2026's Smart Investor Arena, experts urged investors to set financial goals, diversify portfolios, avoid herd mentality and understand risks before investing
Indira IVF in talks to acquire Sabine in nearly Rs 1,300 crore deal
Indira IVF is considering an acquisition of Sabine Hospital and Research Centre valued at 1,200-1,300 crore. Sabine provides a range of fertility and maternal healthcare services across two facilities in Kerala. The deal would strengthen Indira IVF's presence in the fertility treatment sector in India. Sabine is expected to generate a revenue of 230-250 crore in FY 27.
SIFs offer better risk-adjusted returns: Rishi Kohli, Jyotivardhan Jaipuria
At the Business Standard Smart Investor Arena, fund managers said SIFs may suit investors seeking risk-adjusted returns, while PMS offers higher return potential with greater volatility
Derivatives trading may need more guardrails, says Sebi WTM Murty
At the BFSI Insight Summit 2026, Sebi's KVR Murty said retail derivatives trading may need more guardrails amid expiry-day hyperactivity, stressing investor protection and market integrity.
Credit card additions hit second-highest monthly level in 2026 as banks gear up for festive season
HDFC Bank and Axis Bank together accounted for nearly 43% of the net additions during September, adding 539,878 cards between them. The two private sector lenders emerged as the largest contributors to fresh additions, followed by SBI Cards.
Gold loan stress rising: How to avoid a debt trap and manage repayments
Rising repayment delays and tighter renewal rules underline the risks of using gold loans to manage existing debt
BFSI Insight Summit: Crypto industry calls for greater regulatory clarity
At the BFSI Insight Summit 2026, crypto experts called for clearer regulations and tax reforms, warning that high taxes were pushing trading overseas despite strong adoption in India.
Boeing cuts delivery target, shares hit 18-month low as recovery takes longer
Boeing has announced a cut in its 737 Max delivery target for this year, which raises concerns. The company now aims to increase 737 production to 52 jets per month in the second half of next year. Boeing reported a wider than expected loss in its commercial airplane division but posted positive free cash flow results. Despite delays, the company plans to begin deliveries of its 777-9 jets next year.
Sebi extends compliance deadline for debenture trustees till April 2027
Markets regulator Sebi on Tuesday extended the deadline by six months, till April 27, 2027, for debenture trustees to comply with requirements governing activities that fall outside its regulatory purview. Under Regulation 9C of the Sebi (Debenture Trustees) Regulations, 1993, a debenture trustee holding a valid certificate of registration is required to transfer activities not regulated by the Securities and Exchange Board of India (Sebi) to separate business units within a prescribed timeline. The provision was introduced through amendments notified on October 27, 2025, to provide clarity on the scope of activities permitted for debenture trustees. Sebi had initially given six months for compliance. Subsequently, in April 2026, the regulator granted an additional six months, extending the deadline to October 27, 2026, following industry representations highlighting operational challenges in establishing the necessary systems and processes. In its latest circular on Tuesday, Sebi
Infosys draws four downgrades in a day on weaker annual sales outlook
Brokerages turn cautious as Infosys' reduced FY27 sales guidance raises concerns over demand recovery and AI-led disruption
No standardised CAS template worldwide: Sebi Whole-time Member K V R Murty
At the BFSI Insight Summit 2026, Sebi's KVR Murty said retail F&O traders may need additional guardrails, while stressing investor awareness, market integrity and technology-led oversight
Jio Platforms shares trade at 22% premium in grey market ahead of IPO debut
Strong investor demand and a resilient grey market premium fuel expectations of a blockbuster listing for Mukesh Ambani's digital giant
Regional rural banks to set up cybersecurity centres, develop threat intel
Regional rural banks are set to improve their cyber security through the establishment of cyber security operations centres. They will also develop capabilities for vulnerability assessments and incident response as part of the reform agenda. The Financial Stability and Development Council plans to enhance cyber security measures following previous ransomware attacks. New initiatives will include implementing enterprise data warehouse solutions for better data management and reporting.
Markets end flat ahead of Fed decision; FPIs buy shares worth 4,240 crore
Benchmark stock indices Sensex and Nifty closed largely unchanged in a highly volatile trade on Tuesday amid profit-taking in IT and blue-chip banking shares, elevated crude oil prices and caution ahead of the US Federal Reserve's policy decision. The 30-share BSE Sensex slipped 8.08 points, or 0.01 per cent, to close at 73,598.67, with 17 constituents higher, 12 lower and one unchanged. During the day, it hit a high of 73,762.98 and a low of 73,179.41. The 50-share NSE Nifty skidded 3.45 points, or 0.02 per cent, to end at 22,749.75. However, broader market indices rallied on strong buying interest, with the smallcap index gaining 2.59 per cent and the BSE midcap nearly 1 per cent. Sectorally, realty, pharma and auto shares advanced, while banking, financials and IT stocks declined. From the 30 Sensex firms, State Bank of India, Axis Bank, Tata Consultancy Services, Asian Paints, HDFC Bank and ICICI Bank were among the major laggards. Bharti Airtel, Trent, Maruti and Power Grid w
NPPA slashes cancer drug MRPs by up to 93%; Thiotepa cut by 72,921
The drug pricing regulator has slashed retail prices of 543 formulations across 137 non-scheduled cancer medicines, with some cuts exceeding 90% under a trade margin rationalisation framework.
Nitin Gadkari said a road project opening next month could cut travel between Delhi and Haridwar to 90 minutes. He also highlighted faster journeys to religious destinations and warned that poor highway construction will bring penalties and blacklisting.
The Noida Metro Rail Corporation will reduce peak-hour train intervals from 7 minutes 30 seconds to 6 minutes 35 seconds from November 1, 2026. The corporation is also considering extending late-night services, subject to operational feasibility.
Prediction market Kalshi expands safeguards for young traders
Kalshi is tightening safeguards for traders aged 18 to 20, introducing a $2,500 monthly deposit limit and alerts for users who put a large share of their funds into one trade. The prediction market also announced partnerships with youth safety groups as scrutiny over gambling risks grows
Sovereign Gold Bond investors have earned nearly 209% returns as RBI fixes the SGB 2020-21 Series I redemption price at 14,159 per gram. A 1 lakh investment is now worth around 3.09 lakh. Check returns, interest earnings and tax rules
GM to transfer stock listing to Nasdaq
General Motors made an announcement on Tuesday that theyre moving their common stock listing from the New York Stock Exchange over to Nasdaq. This change is part of their strategy to better position themselves in the market. Investors and analysts are keeping a close eye on how this move will affect GM's stock performance and reputation.
Trading starts on LME's first contract from Shanghai exchange collaboration
The London Metal Exchange's new hot-rolled coil steel contract began trading on Tuesday, marking the first product from its collaboration with the Shanghai Futures Exchange. More than 550 lots traded in the first two active months, while two 2027 contracts were held back over a potential technical issue.
India's GDP growth would have exceeded 8% but for recent global shocks: RBI Deputy Guv Poonam Gupta
Reserve Bank Deputy Governor Poonam Gupta indicated that India's real GDP growth fell short due to external shocks. She highlighted that India has managed over 7 percent growth despite challenging circumstances in recent years. Additionally, Gupta expressed confidence that improved global conditions could enhance growth by another percentage point. She discussed the importance of diversifying economic activities to mitigate risks and emphasized that food security remains stable amid El Nino.
Indus Towers Q2 Results: Net profit slips 2.5% to Rs 1,793 crore
Indus Towers reported a 2.5% decline in consolidated net profit for the second quarter ended September 30. The company experienced a 4% increase in consolidated revenue, while EBITDA saw a slight rise of 0.4%. Tower and co-location bases grew by 5.6% and 5.9%, respectively, contributing to improved performance. Strong customer demand and cash generation were highlighted as key growth drivers.
SAIL Q2 Results: Net profit surges four-fold to Rs 1750 crore on higher revenue
Steel Authority of India Ltd announced a significant increase in consolidated net profit for the September quarter. The company reported a profit of Rs 1,750.47 crore, a substantial rise from the previous year. Revenue from operations also saw growth, reaching Rs 31,997.55 crore compared to Rs 26,704.17 crore last year. Total expenses rose modestly to Rs 29,913.65 crore from Rs 26,113.64 crore.
SpiceJet's domestic market share falls below Star Air for the first time
SpiceJet's domestic market share dropped to 0.6 per cent in September, below Star Air's 0.7 per cent, as overall passenger traffic declined 6.49 per cent year-on-year, DGCA data showed
United Breweries Ltd experienced a nearly three-fold increase in net profit for the September quarter. The company's revenue from operations rose by 23.7 percent year-on-year, reflecting strong market performance. Premium volumes notably surged, particularly for Heineken Silver and Kingfisher Ultra, enhancing UBL's premium offerings. Total expenses also increased, but operating efficiency and cost control contributed to profitability expansion. UBL remains optimistic about future growth opportunities in the Indian beer market.
SBI Life Insurance Q2 Results: Net profit grows 11% YoY to Rs 549 crore
SBI Life Insurance recorded an 11 percent increase in net profit for the second quarter. The net profit reached Rs 549 crore compared to Rs 495 crore last year. Additionally, the companys net premium income grew by 8.17 percent to Rs 26,877 crore. This increase in profit and income highlights the companys strong financial performance in the current fiscal year. Shares of SBI Life closed at Rs 1,634.
Indias crude basket price tops $120 a barrel amid West Asia war
Indian basket crude import price hits multi-year high as marine insurance, freight rates rise
The Karnataka High Court has upheld amendments to EPS-95 pension rules, rejecting retirees' plea against lower pension payouts. The ruling clarifies changes to pension calculations, including early retirement reductions, and their impact on EPFO members.
Indias air passenger traffic falls 6.5% in September as higher fares hit demand
Domestic airlines carried 11.82 million passengers in September, the steepest year-on-year decline since the pandemic, as seasonal weakness and rising fuel costs added to pressure from higher fares.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Sensex and Nifty closed marginally lower as elevated crude oil prices and Fed uncertainty tempered sentiment. Smallcaps surged over 2%, midcaps gained over 1%, and market breadth favoured bulls, with 2,455 NSE stocks advancing.
Bengalurus Kempegowda International Airport is trialling Digi Yatra for eligible passengers on select international departures. Trials are available on the Beta app, with a regular-app rollout planned for November 1, 2026.
Waaree Energies Q2 Results: Profit falls 15% YoY to Rs 719 crore, revenue rises 24%
Waaree Energies reported a 14.7% year-on-year profit decline to Rs 718.68 crore in Q2FY27, despite 23.9% revenue growth. Margin pressure persisted as the company acquired data centre subsidiaries, exploring diversification into AI and digital infrastructure.
Mutual funds bought shares worth thousands of crores in September 2026. Reliance Industries, Swiggy and Gland Pharma led purchases across large-, mid- and small-cap categories. Check the top five stocks in each segment, according to Value Research.
US Fed opens two-day meeting with markets expecting rate hold
Policymakers at the US Federal Reserve opened a two-day meeting Tuesday to set interest rates, with markets expecting them to hold steady days ahead of crucial midterm elections. On Tuesday, markets put the probability of rates being held steady at near 90 percent, as per CME's FedWatch tool. aha/mjf
RIL to announce Q2 results on October 30, board to also consider fundraising
Reliance Industries will announce its September-quarter results on October 30, alongside considering fundraising through non-convertible debentures. Investors will track performance across O2C, telecom, retail and energy businesses amid share price weakness and market uncertainty.
Global bond issuance set to grow at slowest pace in five years in 2027, S&P Global Ratings says
In 2027, global bond issuance is expected to rise by a mere 2.7%, marking a stark decline compared to this year's growth. According to S&P Global Ratings, factors like increasing interest rates and geopolitical tensions contribute to this slowdown. Additionally, with both governments and firms facing heightened funding needs, borrowing appetites may wane.
The CBIC has issued new GST registration guidelines for 2026, clarifying documents, approval timelines and verification rules. Eligible applicants can get GST registration within three working days, while tax officers face limits on unnecessary queries.
An Amrit Bharat Express linking Bhuj, Gujarat, and Barauni, Bihar, is expected to begin running ahead of Diwali. PM Modi may flag it off during his Gujarat visit, though his official itinerary does not list the inauguration.
Located in Deira, Dubai Gold District was launched in January 2026 to bring gold and jewellery businesses, bullion trading, wholesale operations and investment activities together in one destination.
US stocks today: S&P 500, Nasdaq open higher as oil pulls back ahead of Fed rate decision
US stocks open higher as easing oil prices support investor sentiment ahead of key corporate earnings and the Federal Reserves interest-rate decision.
PVR Inox among stocks that hit 52-week highs and rallied up to 20% in a month
Six BSE 500 stocks hit fresh 52-week highs despite the Sensex closing nearly flat. International Gemological Institute led monthly gains at 19%, followed by PVR Inox, Acutaas Chemicals, Indian Hotels, Laurus Labs and Sona BLW.
Gen Z's SIP competitor is lifestyle: Sakchi Jain on growing credit culture
CA and content creator Sakchi Jain talks about Gen Z's growing challenges of balancing lifestyle spending with investing
JSW Infrastructure Q2 Results: Net profit falls 11% to Rs 328 crore
JSW Infrastructure reported an 11 percent drop in consolidated net profit for the September quarter, with earnings falling to Rs 328.23 crore from Rs 368.81 crore the previous year. The company achieved total income of Rs 1,669.47 crore, while expenses rose to Rs 1,238.34 crore. Notably, cargo volumes from India operations grew by 8 percent year-on-year, reaching 29.4 million tonnes.
Coca-Cola raises profit forecast as premium drinks, sodas hold strong
Coca-Cola has lifted its annual profit forecast, driven by robust demand for a range of beverages, particularly zero-sugar options. The company now anticipates earnings per share growth of at least 9% by 2026. Their third-quarter revenue soared to $13.38 billion, exceeding analysts' expectations, while Coca-Cola's strong showing stands in sharp contrast to PepsiCo's recent downgrades and cost-cutting plans. Following these promising results, Coca-Cola shares rose nearly 1% in premarket trading.
BIS ramps up food audits to check adulteration ahead of peak festival season
Demand for sweets, dairy products, edible oils, spices and other food items rises during the festive season, increasing the risk of adulteration and the circulation of products that do not meet prescribed quality standards.
Diwali 2026: Buying gold this Dhanteras? How to avoid fake jewellery scams and check purity
BIS hallmark and six-digit HUID number can help buyers verify gold jewellery through the BIS Care app before purchasing it for Dhanteras.
Derivatives trading may need more guardrails, says Sebi's KVR Murty
Business Standard BFSI Summit: Sebi's KVR Murty says the regulator is considering whether more guardrails are needed for derivatives trading, particularly amid heightened activity on expiry days
Telcos push for high-power use of 6 GHz Wi-Fi band
Reliance Jio, Bharti Airtel and Vodafone Idea have sought higher-power outdoor transmissions to expand broadband reach, but concerns over satellite interference remain unresolved.
Tata Power in MoU with BPCL to develop 110 kV power infra at Mumbai refinery project
The project will meet the 90 MW power requirement of BPCL's Petro Resid Fluidised Catalytic Cracking Unit (PRFCCU) project at its Mumbai refinery, Tata Power said in a statement
Tata Power in MoU with BPCL to develop 110 kV power infra at Mumbai refinery project
The project will meet the 90 MW power requirement of BPCL's Petro Resid Fluidised Catalytic Cracking Unit (PRFCCU) project at its Mumbai refinery, Tata Power said in a statement
Checking your CIBIL score does not lower it, and a high salary does not guarantee a better score. From credit checks to loan approvals, here are three common credit score myths borrowers should know to avoid mistakes and improve their loan eligibility.
El Nino ramping up into a very strong' weather event as index surges to 18-year high
Nino3.4 index highest since 2008 as of October 25, while a positive Indian Ocean Dipole event is underway, says Australian Met body
Mumbai luxury real estate: Naman Xana homes average 152 crore each; Godrej Trilogy leads sales
Mumbai's top 10 luxury residential projects recorded 6,116 crore in registered home sales between April and September 2026. Godrej Trilogy Seafront led by total sales value at 1,199 crore, while Naman Xana recorded the highest average transaction value at approximately 152 crore per home.
Indian equity benchmarks ended nearly flat on Tuesday, with the Nifty 50 slipping 0.02% and the Sensex falling 8 points amid elevated crude prices and caution ahead of the US Fed decision. Tata Consumer and Bharti Airtel led gainers, while Asian Paints and Coal India topped the losers list.
Can a video recording protect your will from future disputes?
Videographing a wills execution can help establish the testators mental capacity, voluntary consent and compliance with execution formalities, but cannot guarantee legal validity.
Tata Capital Q2 Results: Profit jumps 51% to Rs 1,660 crore; NII up 23%
Tata Capitals September-quarter net profit surged 51% year-on-year to Rs 1,660 crore, driven by loan growth, higher interest income and lower provisions. Its loan book crossed Rs 3 lakh crore, while improving margins and asset quality strengthened profitability.
India benchmark yield falls most in 3 months on value buying
Indian government bonds are witnessing a resurgence despite previous instability, as the benchmark 10-year yield has notably decreased. Brent crude prices varied between $114.40 and $117 a barrel during Asian trading. These fluctuations within the debt market have uplifted investor sentiments, and the Indian rupee appears to be stabilizing, contributing positively.
Vedanta Iron Q2 Results: Loss narrows to Rs 324 crore, revenue declines 2% YoY
Vedanta Iron and Steel narrowed its Q2 FY27 loss to Rs 324 crore from Rs 477 crore a year earlier, while revenue declined 1.7% to Rs 2,742 crore. EBITDA rose 56% to Rs 83 crore, supported by improved steel realisations and efficiency gains. The company also reported record half-yearly pig iron production.
US Stock Market Live Updates: US stock futures rise as oil falls ahead of Fed decision
Stock market ends flat as Infosys drags IT stocks, defence shares rally
Investors weighed corporate earnings concerns against policy developments, while upcoming market events are expected to influence trading direction on Wednesday
Shaktikanta Das urges BFSI sector to lead infrastructure, high-tech manufacturing funding
Shaktikanta Das highlighted the essential role of the BFSI sector in financing infrastructure and new manufacturing. He emphasized the need for funding micro, small and medium enterprises as well as agriculture. Das proposed utilizing digital financial channels for efficient credit underwriting and financial inclusion. The segment must adapt to support next-gen Digital Public Infrastructure and sustainable finance.
India's first tokenized bonds worth 1,025 crore mark a shift in bond trading. A PPFAS report explains how blockchain technology, digital rupee settlement and Demat 2.0 could speed up transactions, reduce settlement risks and benefit investors.
Raymond Q2 Results: Net profit jumps 130% YoY to Rs 32 crore, revenue rises 24%
Raymond reported a 130% year-on-year jump in consolidated net profit to Rs 32 crore in Q2 FY27, while revenue rose 24.1% to Rs 655 crore. EBITDA increased 74.4% to Rs 75 crore, with margins expanding 336 basis points to 11.5%. The company has also proposed a name change to Raymond Aerospace, Defence & Engineering.
Herd mentality, FOMO among biggest risks for GenZ investors: Experts
The current market drawdown has challenged investors' faith in long-term equity investing, especially those who have entered the markets in the last two years.
Greece raises 500 million from three-month T-bills, yield rises
Greece has successfully sold 500 million worth of three-month Treasury bills. However, the yield on these bills was higher than what they offered in the last auction, indicating a shift in the market. This move comes as the country's debt agency reiterated its ongoing efforts to manage its financial obligations amidst fluctuating economic conditions.
Britain issues costliest 5-year debt since 2008 before budget
Britain conducted a sale of 4.5 billion worth of 5-year debt at a yield of 5.036%. This yield reflects the highest rate seen since the year 2008, indicating market pressures on the government. Investors showed robust interest, bidding 3.51 times the amount available during the gilt auction. Experts anticipate only a modest rise in debt issuance as projected figures indicate increased financing requirements.
Paytm expects UPI-MDR to boost earnings, but existing business already profitable
Brokerage assessments point to merchant payments, financial services growth and operating efficiencies as key contributors to the companys improving earnings performance
PayPal raises 2026 profit forecast as turnaround gains traction
PayPal has raised its annual profit forecast as a multi-year turnaround begins to take effect. The company anticipates achieving significant cost savings through workforce reductions and operational efficiencies. Consumer spending remains strong despite economic challenges, aiding growth in payment volume. Additionally, PayPal expects adjusted profits in the upcoming holiday quarter to exceed Wall Street expectations. The focus on transformation under new leadership aims for sustainable profitability.
WeWork India H1FY27 net profit rockets 150%, revenue surges 30%
WeWork Indias first-half FY27 net profit surged 149.5% to Rs 119 crore, while revenue grew 30.1% to Rs 1,466.7 crore. Capacity expansion, rising memberships, stronger cash flows and improved margins supported growth and strengthened its financial position.
Bitcoin trades near $79,000 as Fed rate uncertainty, selling pressure weigh on crypto markets
Bitcoin slipped near $79,000 as investors awaited the Federal Reserves policy decision. ETF outflows, macroeconomic uncertainty and selling pressure weakened sentiment, while traders monitored $78,000 support, inflation data and institutional demand for potential market direction.
RIR Power Electronics posts 41% PAT jump in Q2 FY27, stock hits 52-week low
Revenue from operations grew 32.5% year-on-year to 33.98 crore in Q2 FY27, compared to 25.64 crore in the same quarter last year
Crypto industry leaders flag tax hurdles, seek regulatory clarity in India
At the Business Standard BFSI Insight Summit 2026, crypto industry leaders flagged the burden of crypto taxation, called for regulatory clarity and highlighted growing investor interest
Balanced advantage funds increased average net equity allocation from 52.65% in September 2024 to 64.98% in August 2026. Thirty of 34 schemes raised exposure, reflecting reduced hedging and greater sensitivity to market movements.
Mazagon Dock Shipbuilders shares plunged 10% after the state-owned company reported a 54% year-on-year decline in Q2 FY27 net profit to Rs 344 crore. Revenue from operations fell 16.5% to Rs 2,446 crore, while margins contracted sharply. The company also declared an interim dividend of Rs 5 per share.
WeWork India H1 net profit rises 150%, revenue up 30.1%
WeWork India reported a 149.5% year-on-year rise in first-half FY27 net profit to Rs 119 crore, while revenue grew 30.1% to Rs 1,466.7 crore. Capacity expansion, membership growth and improved operating margins supported performance. Operating cash flow strengthened, and the company shifted to a net cash position amid rising demand for flexible workspaces.
Global Market: European shares fall as HSBC earnings drag banking stocks
European shares fell as HSBC's disappointing revenue weighed on banking stocks, while political unrest in France dampened investor sentiment. The STOXX 600 slipped, with gains in healthcare stocks following Novartis' upgraded earnings outlook offering some support.
Copper vs Aluminium: Whats next for metal prices this year? | Trending commodity picks | EP 121
Why copper is falling after hitting record highs in 2026.
Sensex, Nifty, Share Prices Highlgihts: Market benchmark indices Sensex and Nifty ended largely unchanged in a highly volatile trade on Tuesday amid persistently elevated crude oil prices, selling in blue-chip bank stocks and caution ahead of the US Federal Reserve's policy decision.
Karva Chauth is an occasion when many couples shop for jewellery, and lab-grown diamonds are gaining popularity as an alternative to natural diamonds. Experts explain GST, making charges, capital gains tax, and resale value, and how these compare with natural diamond jewellery.
Rupee closes marginally up 3 paise at 95.12 against US dollar amid elevated crude oil prices
In the interbank foreign exchange market, the rupee opened at 95.17 and traded in a tight range of 95.09 to 95.24 before closing at 95.12 (provisional) against the greenback, up 3 paise from its previous close
Rupee boxed in range; traders focus on oil, outflows and RBI's defence
The Indian rupee had a day of modest variability against the dollar on Tuesday, finishing the day almost unchanged. Major external challenges, including escalating oil prices and considerable equity outflows, are to blame. The Reserve Bank of India has actively sought to stabilize the rupee's position. In light of current economic dynamics, investors are taking this opportunity to revisit their portfolio strategies, while mounting U.S.
21 share jumps to 488 in 16 months, but ITAT rejects woman's 88 lakh capital gains claim. Here's why
A woman's 4.41 lakh share investment generated 92 lakh in sale proceeds, but the Mumbai ITAT rejected her capital gains exemption claim and upheld additions of nearly 95 lakh. Here's why bank statements and demat records failed to establish her case.
Gold retreats on stronger dollar; traders brace for Fed
Spot gold dropped 0.5% to $3,995.89 per ounce by 0929 GMT and US gold futures for December delivery fell 0.71% to $4,009.60 per ounce
Maruti Suzuki Q2 Results: Profit falls 26% YoY to Rs 2,466 crore, but revenue rises 26%
In the July-September quarter, Maruti Suzuki India experienced a notable 26% decrease in net profit compared to last year. Still, revenue shot up by 26% year-on-year, totaling Rs 53,356 crore. Rising material and labor expenses grew total costs by about 30%, which hurt profit margins. Nonetheless, the company hit an impressive milestone with its highest quarterly sales volume of 6.97 lakh units.
Cipla Q2 net profit falls 35% to Rs 878 crore, revenue dips 2%
Cipla reported a 35% year-on-year decline in second-quarter net profit to Rs 878 crore, with revenue and EBITDA also falling amid weaker North American sales. India revenue grew 12%, while US regulatory approval and a biosimilar partnership supported its product pipeline.
Paytms customer and merchant base underpin long-term profitability: Citi
Paytms September quarter performance and expanding payments network have strengthened Citis earnings outlook, with financial services emerging as a key growth driver
5 smallcap MFs deliver up to 20% gain in 3 years. Are any of these part of your portfolio?
Five small-cap mutual funds delivered annualised returns of up to 20.1% over the past three years, with Bandhan Small Cap Fund leading the pack. Meanwhile, five other schemes posted single-digit returns ranging from 7.6% to 8.2%.
