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Paytm Q2 Results: Profit rockets 976% YoY to Rs 226 crore, revenue jumps 28%
Paytm Q2 Results: Fintech major Paytm on Monday reported 976% year-on-year (YoY) growth in its consolidated net profit at Rs 226 crore. The same stood at Rs 21 crore in the year-ago quarter. Revenue from operations in the reporting period rose 28% YoY to Rs 2,648 crore.
BNPL and credit card EMIs allow shoppers to pay in instalments, but interest rates, processing fees and hidden charges can increase costs. Experts explain the differences, repayment conditions and how missed payments can affect credit scores.
Tamilnad Mercantile Bank has set a remarkable milestone with a net profit of Rs 451 crore for the quarter from July to September. This success is buoyed by a substantial rise in interest income, totaling Rs 1,820 crore compared to the same period last year. Managing Director Salee Sukumaran Nair emphasized the role of net interest income in driving this profit.
High crude prices, rise in lending rates take toll on small-cap stocks
In the last two weeks, the Nifty Smallcap 100 index fell 7 per cent or 1,441 points, to 17,985 points on Monday from 19,426 points on October 12
Anthropic files for IPO, set for Nasdaq debut as 'ANT'
Artificial intelligence company Anthropic, known for its Claude AI chatbot, has filed a registration statement with the US SEC for its proposed initial public offering (IPO), intending to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol 'ANT'.
Indian Overseas Bank to raise $500 million as Q2 profit jumps 56%
Indian Overseas Bank plans to raise $500 million through external commercial borrowings in two tranches by December. The lender reported a 56% rise in Q2 net profit to Rs 1,912 crore, alongside stronger credit growth and improved asset quality.
The caf, located in the check-in area of Terminal 3, aims to make essential food and beverage options more affordable for travellers who often face higher prices at airport restaurants and retail outlets.
MMT reports net profit of $1.8 million in Q2, revenues at $ 235.2 million
MakeMyTrip reported a $1.8 million Q2 net profit, reversing a year-earlier loss of $5.7 million. Revenue rose 11.2% to $235.2 million, while gross bookings grew 20.9%, supported by hotels, transport and AI-powered travel assistant Myra.
Bank of Maharashtra Q2 profit jumps 41.5% as bad loans decline
Bank of Maharashtra posted a 41.5% year-on-year rise in Q2 net profit to Rs 2,310 crore, supported by stronger income, deposit and credit growth, improved asset quality and a return on assets of 2.02%.
Indias smallcap sell-off is intensifying as margin trading facility (MTF) positions decline from record levels. With nearly Rs 72,000 crore exposed to smallcaps, forced liquidations could deepen losses, although SEBI safeguards may limit systemic risks.
Anthropic IPO: 5 jaw-dropping numbers investors need to know about $1.5 trillion public offer
Anthropics planned IPO could test investor appetite for AI amid a potential $1.5 trillion valuation. Revenue growth, substantial losses, $518 billion in infrastructure commitments and reliance on major cloud partners highlight key financial risks investors must assess.
Almost half of domestic coal-based power plants have critical stocks
Electricity demand surged 23.4% year-on-year in the first 10 days of October, adding pressure on coal inventories
Anthropic IPO: Rising costs, risks, rapid growth mark AI frontrunner
Anthropic, established by ex-OpenAI researchers, is gearing up for an anticipated entry into the stock market in the United States. The organization has impressively generated $16.29 billion in revenue during the first half of 2026. Yet, significant operational losses due to soaring computing costs pose a challenge, along with over $500 billion in cloud computing commitments. Competing against OpenAI and Google, they must adeptly maneuver through a tough economic environment.
Anthropic's top investors include Amazon, Google, Fidelity Management
Anthropic is gearing up for its initial public offering, showcasing robust support from heavyweight investors like Amazon and Google. The companys valuation has surged through various funding rounds, signaling considerable confidence from the investment community. Collaborations with technology leaders provide vital resources essential for advancing AI development and infrastructure. Notable financial participants include ICONIQ Capital, Coatue Management, and Eric Schmidt, among several others.
Gold buyers should verify purity, check the six-character HUID code using the BIS Care app and examine hallmark details before purchasing jewellery this Dhanteras. BIS rules also allow consumers to claim compensation if the gold fails purity tests.
JioBlackRock International AMC launches Advantage World Equity Fund in GIFT City
The newly launched open-ended fund, Advantage World Equity Fund, will broaden Indian investors access to international markets through GIFT City
Anthropic files for US IPO, plans Nasdaq listing under ticker symbol ANT
The proposed listing comes as investors assess the growth potential of advanced AI developers alongside the substantial costs of building their technology
Akasa Air raises 450 crore from share sale
A source said the company is raising more capital, and new investors are expected to come on board as well
Indias crude steel output rises 5.6% in Jan-Sept even as global production dips
World steel production is down 0.7 per cent to 1.368 billion tonnes
Inflows into gold ETFs turned negative after 13 weeks as the yellow metal fell 4% last week
US investors show the way as exits top $3 billion, while investments were $1.8 billion
Tiger Shroff sells 7.61-crore Mumbai apartment for 9 crore days after Juhu firing incident
Tiger Shroff has sold his Khar West apartment in Mumbai for 9 crore, compared with its original purchase price of 7.61 crore in 2018. The deal was registered on October 22, days after a firing incident involving the actor in Juhu. The property spans 1,291 sq ft and includes two car parking spaces.
First 1 crore is always earned through active income & skills: Anant Ladha
Anant Ladha, financial educator and creator, has advised people not to treat every investment option as either completely good or completely bad.
SIPs, multibaggers and financial freedom: Lessons from Smart Investor Arena
From SIPs and asset allocation to spotting multibaggers and achieving financial freedom, market experts shared wealth-building strategies at the BFSI Insight Summit 2026
Govt bond yields rise to four-year high as crude, US Treasury yields weigh
The benchmark 10-year government bond yield climbed to 7.48 per cent, its highest since October 2022, as elevated crude prices and firm US Treasury yields weighed on the market.
Banks make slow progress in financial inclusion schemes, private lenders trail state-run peers
Private lenders trail state-run banks in Mudra disbursements, Vishwakarma loan sanctions and SVANidhi claims processing, raising questions over timely support for small businesses and informal workers.
Anthropic files for US IPO amid AI boom, rising costs and safety concerns
Anthropic has filed for a US IPO to support its ambitious AI development plans and secure funding. The company's recent financial details show significant revenue growth, but losses have widened sharply. Investors are currently valuing Anthropic at approximately $1.5 trillion, reflecting recent market fluctuations. Anthropic is in competition with OpenAI in the race to create advanced AI systems.
Anthropic opens books on AI's explosive growth and staggering costs
Anthropic unveiled its US IPO filing on Monday, laying
NII increased 17 per cent to 699 crore, while NIM declined 10 bps quarter on quarter to 3.25 per cent. Other income grew 34 per cent to 249 crore, and PPOP rose 26 per cent to 383 crore
Raymond Realty raises Rs 210 cr from ICICI Prudential Real Estate Development Fund
Raymond Realty has announced that it has secured Rs 210 crore from ICICI Prudential Real Estate Development Fund. This financial investment will be used for a redevelopment project in the Mumbai Metropolitan Region. The investment will be made through Ten X Realty West Ltd, a subsidiary of Raymond Realty. The collaboration aims to enhance capital efficiency and expedite project timelines.
Yes Bank among 6 stocks to hit 52-week lows and fall up to 32% in a month
Despite the Sensex gaining 483 points to close at 73,606, six BSE 100 stocks hit fresh 52-week lows. Yes Bank led monthly declines, followed by Power Finance Corporation, Tata Power, Canara Bank, Tata Consumer Products and Godrej Consumer Products.
Govt Amends Rules for Pure Ethanol Flex-Fuel Vehicles
The Indian Road Transport Ministry has amended the Central Motor Vehicles Rules to permit flex-fuel vehicles capable of running on up to E100 (nearly pure ethanol), a move aimed at reducing dependence on imported crude oil and promoting alternative fuels.
Nifty snaps four-day losing streak, but Rupee hits three-session low at 95.19
The Sensex settled at 73,606.75, gaining 482.92 points or 0.66%, after bottoming at 72,514.57 intraday
BPCL expects Russian crude purchases to fall in November as freight costs rise
Higher freight costs are prompting BPCL to reduce Russian crude purchases in November, while Middle Eastern supplies gain commercial appeal.
India bonds give up gains as high oil prices weigh
Indian government bonds declined on Monday due to rising oil prices affecting market sentiment and the rupee. The rupee fell for the third consecutive day, adding pressure on bond yields and currency. India's central bank is expected to consider interest rate hikes to stabilize the currency amidst inflation concerns. The Reserve Bank of India has raised its inflation forecast, anticipating a peak of 6% in consumer prices.
Sensex Jumps 483 Points, Nifty Closes Above 22,750
Indian benchmark stock indices, Sensex and Nifty, rebounded significantly after a four-day losing streak, driven by value buying and strong performance in metal, telecommunication, and healthcare sectors.
Home loan restructuring can help borrowers struggling with EMIs by reducing monthly payments or extending the repayment tenure. However, it may increase total interest costs and affect credit scores. Here's how it works and what RBI rules say.
China's central bank sets up non-bank financial institution bond market swap facility
China's central bank has introduced the Bond Market NBFI Swap Facility as of Monday. This initiative is designed to stabilize the bond market amid potential systemic stress or liquidity issues. Bank wealth management subsidiaries and public fund managers will gain access to central bank bills, enabling them to finance the purchase of qualifying bonds or units facing redemption, which can be pledged for central bank support.
Bitcoin traded near $80,000 while Ethereum hovered around $2,327, as macroeconomic uncertainty and geopolitical risks tempered crypto sentiment. Investors monitored Federal Reserve signals, ETF flows, inflation data and options expiry amid cautious technical outlooks and mixed altcoin performance.
ITC Hotels reports revenues of Rs 1054 cr for Q2, PAT at Rs 203 cr
ITC Hotels reported strong second-quarter growth, with revenue rising 26% and net profit increasing 52% year on year, supported by higher room rates, occupancy and demand from business events. The company also expanded its portfolio through new hotel signings, the Welcomhotel Ahmedabad acquisition and a land allotment in Lucknow.
Sensex, Nifty, Share Prices Highlights: Snapping the four-day losing streak, benchmark stock index Sensex jumped nearly 483 points and Nifty closed above 22,750 on Monday on value buying and a rally in metal, telecommunication and healthcare shares.
Rupee falls 29 paise to close at 95.22 against U.S. dollar
At the interbank foreign exchange market, the rupee opened at 94.92 against the dollar, then lost ground to touch an intra-day low of 95.26 and finally settled for the day at 95.22 (provisional), registering a decline of 29 paise over its previous close
Surrendering a 1 crore life insurance policy before maturity could mean losing your premiums. Here's how surrender values differ for term plans, ULIPs and traditional policies, and how IRDAI's revised rules affect early exit payouts.
Rupee falls 29 paise to close at 95.22 against US dollar
The rupee opened at 94.92 against the dollar, then lost ground to touch an intra-day low of 95.26 and finally settled for the day at 95.22 (provisional), registering a decline of 29 paise over its previous close
2 crore retirement corpus: How long will it last once you stop earning? Heres the maths
Can a 2 crore retirement corpus really fund your retirement and give you the financial freedom you need? Here's a look at how long your retirement corpus will last based on your monthly expenses, inflation, and returns on invested corpus.
Indian equity markets snapped a four-day losing streak as Sensex and Nifty rebounded, supported by broad-based buying. Dr Reddys and JSW Steel led gainers, while rising India VIX signalled continued volatility and technical concerns about downside risks.
Global Market: European shares flat as investors assess earnings, France turmoil
European shares traded flat as investors weighed corporate earnings and political uncertainty in France. Falling oil prices, driven by hopes of easing US-Iran tensions, supported travel and leisure stocks, while energy shares declined.
Asia-focused banks face bond market risks ahead of Q3 earnings
Asia-focused banks face mounting pressure from rising bond yields, inflation and currency volatility ahead of third-quarter earnings. HSBC, Standard Chartered and DBS confront profitability and capital risks, while Japanese and Southeast Asian lenders navigate bond losses, funding pressures and economic uncertainty.
Recipe for spotting multibaggers: Research, patience & a dash of luck
Contrarian bets on capacity expansion, generational change in management, and corporate turnarounds can create opportunities for outsized returns, said experts.
Ather Energy shares skyrocket 19% after EV maker swings to Rs 1.26 crore profit in Q2
Ather Energy shares surged nearly 19% after the electric two-wheeler maker reported a net profit of Rs 1.26 crore in Q2 FY27, reversing a loss of Rs 154 crore a year earlier. Revenue rose 62.8% year-on-year to Rs 1,464 crore, while the company also approved Rs 122 crore in capacity expansion.
SoftBank sells 1.21 crore Ola Electric rights entitlements as EV maker seeks to raise Rs 1,000 crore
SoftBank sold nearly 28% of its Ola Electric rights entitlements over two sessions as the company launched a Rs 1,000-crore rights issue. Meanwhile, Motilal Oswal entities applied for 2.39 crore shares amid declining revenue and persistent losses.
SBI's Setty sees 50 bps more rate hikes, says retail loan quality unlikely to suffer
State Bank of India chairman CS Setty noted that upcoming rate hikes could affect discretionary consumption demand. He highlighted that retail asset quality is expected to remain stable at the system level. Setty indicated a projected 0.50 percent rate hike in December, followed by a pause in February. Additionally, he discussed plans for a new version of the Yono app aimed at Jan Dhan account holders.
A 50 lakh fixed deposit for five years could earn a senior citizen around 1.09 lakh more than a regular depositor at Suryoday Small Finance Bank's cited rates. Compare estimated FD returns, taxation, deposit insurance and key investment considerations before investing.
The war bump is a false victory for S&P 500 profits
The commentary argues that strong S&P 500 earnings growth is narrowly concentrated in AI-linked companies and sectors benefiting from the Iran war, including energy, defence and materials. It warns that higher fuel prices, inflation and borrowing costs could weaken consumer demand, while heavy dependence on the AI boom leaves the market vulnerable if investment returns disappoint.
Eternal extends rally; stock soars 8% in two days post Q2 results
Analysts at Axis Securities recommended 'BUY' on Eternal with a target price of 365 per share based on an SOTP valuation.
Rupee weakens for third session as importers step up dollar bids, foreign outflows bite
The rupee opened little changed against the US dollar, but slipped to end at 95.1850, down 0.3% for the day
India's VC Funding Remains Flat, Focus Shifts to Deeptech
India's venture capital equity funding for startups has remained largely flat over the past three years, with a slight increase in total funding but a sharp decline in the number of rounds, indicating a concentration of capital in fewer, larger deals, particularly in deeptech and AI sectors.
Family trusts can help wealthy Indian families manage succession, preserve assets and control when heirs receive wealth. Their tax treatment depends on the trusts structure: discretionary trusts often face the highest tax rate.
JioBlackRock has launched the Advantage World Equity Fund through GIFT City, offering eligible Indian investors access to global developed-market equities. The feeder fund invests primarily in BlackRocks actively managed strategy spanning the US, Europe and Japan.
Brigade Enterprises signs Hyatt Hotels to manage two hotels in Bengaluru
The two hotels are expected to add 600 rooms to Brigades hotel portfolio in Bengaluru
ITC Hotels shares gain 8% as Q2 PAT rises 51% to 201 cr, RevPAR up 21%
ITC Hotels said that occupancy rose 481 bps to 76 per cent and ADRs grew 14 per cent, resulting in overall RevPAR growth of 21 per cent Y-o-Y in Q2 of FY2027.
JioBlackRock Mutual Fund files draft documents with Sebi for life cycle and debt funds
JioBlackRock Mutual Fund is set to unveil two new investment opportunities tailored for Indian investors. The JioBlackRock Life Cycle Fund 2056 aims to achieve long-term capital appreciation through strategic and diversified asset allocation. On the other hand, the JioBlackRock Ultra Short Term Fund prioritizes income generation while ensuring liquidity in the short term. Investors can start with a minimum commitment of Rs 500 for both lump-sum and SIP options.
Ather Energy share price zooms 18% on Q2 turnaround, robust revenue growth
Ather Energy on Monday reported a consolidated net profit of 1.26 crore for Q2FY27 as against a net loss of 154.07 crore in Q2FY26.
Markets claw back from morning lows; Dr. Reddys surges 7%, crude eases
Fresh buying in heavyweight stocks lifted benchmarks, while softer crude prices offered relief as investors tracked key technical levels and global cues.
Experts recommend different strategies for gold and silver in your investment portfolio. A report recommends holding gold as geopolitical insurance, supported by central-bank buying, and avoiding silver until its price base strengthens.
SBI chairman CS Setty expects higher interest rates to moderate credit demand in rate-sensitive sectors, particularly discretionary spending. The bank forecasts another 50 basis points repo rate hike in December, followed by a pause. Setty said he sees no system-level concerns over retail asset quality, though highly leveraged households may face pressure.
Top 5 gold funds and ETFs with highest risk-adjusted returns. Check their 3-year performance
Gold funds with the highest Sharpe ratios offer strong risk-adjusted returns, with UTI Gold ETF FoF leading the list at 1.50. Seven gold funds recorded three-year returns above 30%, according to MF Screener data.
Delhi's old-age pension survey began on 24 October to verify 4.3 lakh beneficiaries. The door-to-door drive aims to remove duplicate, deceased and ineligible entries. Check the monthly pension amounts, the verification process and the steps eligible senior citizens should take.
RBI report: Satellite data, Google Trends improve state growth estimates
A report in the Reserve Bank of India's (RBI's) monthly bulletin suggests that satellite-based night-time lights data and Google search trends can significantly improve quarterly economic growth estimates for Gujarat, Maharashtra, and Karnataka, reducing errors by up to 62 per cent.
Steel Strips Wheels zooms 36% in two days; what's driving auto parts stock?
The average trading volume at Steel Strips Wheels counter jumped over 10-fold, with a combined 24.33 million shares representing 15.5% of the company's total equity changing hands on the NSE and BSE.
Shriram Finance targets Rs 20,000 cr gold loan book, boosts EV financing
Shriram Finance, a leading Indian NBFC, is aggressively expanding its gold loan and electric vehicle (EV) financing segments, targeting a Rs 20,000 crore gold loan portfolio within two years and expecting significant growth in EV disbursements.
Investors can borrow against pledged shares to raise cash while retaining ownership and delaying capital gains tax. Loans typically cover 30% to 60% of share value, with interest of 9% to 12%.
Todays Gold Rate in India October 26: Gold prices up in Delhi, Mumbai, Kolkata, Chennai, Bengaluru
22, 24 carat Gold prices up across metro cities on October 26
22, 24 carat Gold prices up across other cities on October 26
SBI Multicap among 5 multicap funds with the highest mid and smallcap exposure. Check details
Five leading multicap funds held substantial exposure to mid- and small-cap stocks in September, exceeding the mandatory allocation across market-cap categories.
9 out of 10 homes listed in India are now ready-to-move Delhi tops, tech hubs trail
Out of the over 7.5 lakh homes advertised across the country, more than 6.6 lakh are completed projects
India Has 160 Airports, But Where Are Passengers?
Two-thirds of India's 160 airports, approximately 120, have very low utilisation rates, with only 40 operating at 70-80 per cent capacity.
Sumitomo Life to remain cautious on JGB yields, keep investment pace unchanged from H1
Sumitomo Life Insurance will maintain its investment pace for Japanese government bonds in the upcoming months. It intends to carefully monitor yields on super-long Japanese government bonds, assessing any market volatility. The firm expects its JGB holdings to decrease in the Asset Liability Management portfolio by the end of the fiscal year. Predictions suggest that the Bank of Japan will raise its policy rate by December.
Global Market: BOJ nears historic inflation milestone, shifts focus to rate hikes
The Bank of Japan is expected to declare its nearly 14-year battle to achieve 2% inflation successful while keeping interest rates unchanged at 1.25%. With wage growth and inflation expectations strengthening, policymakers may signal further tightening, potentially in December, as they balance persistent price pressures against economic growth and financial stability.
ECB Meeting: Five key questions on rates, inflation and Lagarde's exit
The European Central Bank is widely expected to hold interest rates at 2.5% amid elevated energy prices, eurozone inflation and Frances financial instability. With inflation reaching 3.8% in September, markets anticipate further rate hikes. Policymakers will assess economic risks, bond market pressures and leadership changes before signalling future monetary policy decisions.
23 equity mutual funds deliver over12% CAGR on lumpsum investments in 5, 7, 10-year horizons
An ETMutualFunds analysis of 160 equity schemes found that 23 mutual funds delivered over 12% CAGR on lump-sum investments across five, seven and 10-year periods. The funds span seven categories, including small-cap, mid-cap, flexi-cap and ELSS. The analysis considered regular plans with growth options.
3 crore retirement corpus can be enough for many Indians: Neha Nagar
At Business Standard BFSI Insight Summit 2026's Smart Arena segment, content creator & financial educator Neha Nagar told Puneet Wadhwa that a corpus of 3 crore is enough for financial independence.
Soaring domestic and international airfares make travellers rethink year-end holidays
Domestic airfares are 30-40% higher than a year ago as fuel costs, a weaker rupee and limited flight capacity squeeze festive travel budgets.
The Yes Bank AT1 bond case and lessons for all investors
Investors must look through the recent returns and packaging of a product, understand the risks and invest only if it suits their risk appetite.
MRPL share price zooms 12% in muted market; among most active stocks on NSE
MRPL also featured among the top three most active equities on the NSE by both volume and value. As per exchange data, nearly 80 million shares, worth 1,387.19 crore, changed hands.
Meta to create non-voting shares to fund AI expansion, retain Zuckerbergs control
Meta Platforms plans to introduce publicly traded non-voting Class C shares to fund AI investments, acquisitions and employee compensation while preserving Mark Zuckerbergs voting control. The proposed one-for-one share distribution is expected to begin trading in January 2027.
Senior living is gaining attention, with investors and developers treating it as a core real estate sector. Square Yards identified 15 growth cities as demand spreads beyond established metros, reflecting preferences for wellness, care and affordability.
SBI Funds slips 7%, hits new low post Q2 results; down 24% from issue price
Analysts believe that its franchise strength, wide distribution network and expansion in alternatives are likely to help SBI Funds Management capitalise on industry tailwinds.
Global equity funds attract $28.16 billion as easing yields boost sentiment
Global equity funds attracted $28.16 billion in weekly inflows as easing US Treasury yields and strong corporate earnings lifted investor sentiment. Asian equities led regional allocations, while technology, bond and precious metals funds also drew fresh investments.
Personal loan closed but credit score not improving? Experts explain why
Repaid your personal loan but see no jump in your credit score? Experts explain why bureaus can take 30-45 days to update, how closing a loan affects your credit mix, and what to check in your credit report afterwards to make sure the loan shows as closed.
