28 C 
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.
Mumbai Airport redevelopment: Airlines must decide on Navi Mumbai shift or suspension by Summer 2027
Adani Group-controlled Mumbai International Airport Ltd (MIAL) has reiterated that airlines must decide whether to shift flights to Navi Mumbai, temporarily suspend operations at Mumbai airport, or pursue other alternatives from the summer 2027 schedule due to Terminal 1's redevelopment.
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.
Graduate Employment Rises, But Job Seekers Fall
The lack of faster growth in salaried jobs may well account for the degrowth in the unemployed educated population who are actively seeking jobs.
Koreas KOSPI crashes another 5% as AI rout deepens; AI bellwether down over 40% from peak
Chip heavyweight SK Hynix Inc. headed for its lowest close since April. Data-center infrastructure company Elice Inc. plunged as much as 32% in its trading debut in Seoul. Both AI bellwethers SK Hynix and Samsung have plunged 35% and 22%, respectively.
While Buffett criticised the current market scenario, his firm Berkshire Hathaway has been pumping up its investments. The company under CEO Greg Abel has been increasing its stake in Google-parent Alphabet, making it one of Berkshire's five largest common stock holdings, led by iPhone maker Apple. Berkshire more than tripled its stake in Alphabet and purchased over $2.6 billion worth of shares in Delta Air Lines after Abel formally took over as chief executive from Warren Buffett at the start of the year.
The company is now asking investors to value it not merely as a telecom operator, but as a broader technology platform spanning 5G, fixed broadband, cloud, entertainment, enterprise services and artificial intelligence.
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.
Dussehra 2026: 5 money rules to control spending and avoid debt
Dussehra 2026: Dussehra sales tempting you? Follow these 5 personal finance rules to enjoy the festival without overspending or taking on debt.
Global Market: South Korea's Elice shares plunge 28% in market debut as data centre stocks shunned
Elice, which raised 201.1 billion won ($150 million) in its IPO, provides AI cloud services as well as AI-based education and business software and plans to spend most of its IPO proceeds on launching portable modular data centres and related infrastructure.
Global Market: Japan's Nikkei falls as higher yields, inflation fears weigh
Japan's Nikkei share average fell on Tuesday, dragged lower by technology stocks as investors weighed rising bond yields and persistent inflation concerns
The 8th CPC is likely to visit various railway departments in Mumbai to gain firsthand experience of employees' working conditions. On the agenda is observation of daily operations, duties and job risks.
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.
Oil prices ease as Russia sanctions relief offsets Gulf supply risks
Brent crude futures fell 49 cents, or 0.45%, to $109.06 a barrel by 0010 GMT
NSE, BSE to hold Diwali Muhurat Trading on Nov 8; check timings
Muhurat trading 2026 date and time: Muhurat trading 2026 date and time: NSE and BSE will hold a special Muhurat trading session on November 8 (Sunday) to mark Diwali. The special trading session will
Kerala government announced a 2% hike in DA and DR for employees and pensioners, bringing it to 37% of basic pay, effective from January. Here's a look at which employees and pensioners are eligible for an increase in the dearness allowance and who is not
Dollar and euro drift, yen slips as markets seek direction
The euro was steady at $1.1216, while the British pound rose 0.1% to $1.3308. The Australian dollar was up 0.1% at $0.6986, while its New Zealand counterpart nudged 0.1% higher to $0.5668.
OpenAI seeks $30 billion funding at $1.4 trillion valuation ahead of Anthropic IPO
The ChatGPT maker is seeking fresh capital from existing backers and institutional investors as competition for AI funding intensifies ahead of a potential listing
Gold slips as investors weigh Fed rate outlook
Gold slipped in early Asian trade on Tuesday as investors awaited the US Federal Reserve policy decision next week for signals on interest rates and the broader outlook for monetary policy.
8th Pay Commission consultations continue. Know how gratuity is calculated, the 25 lakh cap, union demands and what retiring central government employees can expect.
Stock market holiday: BSE, NSE shut for trading today due to Dussehra
Stock market holiday: Trading will now resume for Dalal Street after a one-day hiatus on Wednesday, October 21.
Oil eases as markets assess potential waiver on Russian energy, Middle East supply risks
Oil prices fell on Tuesday as markets weighed an executive order from US President Donald Trump that waived some sanctions and tariffs tied to Russian energy exports, while attacks on Saudi Arabia and Yemen kept fears of Middle East supply disruptions in view.
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.
Maharajah Bonds gain investor appeal with TDS exemption
In a notification dated October 19, the Central Board of Direct Taxes (CBDT) said no tax would be deducted at source on interest paid to eligible bondholders during financial year 2026-27 and subsequent tax years. The exemption covers residents and foreign institutional investors.
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.
Union Bank Q2 net profit up 30% as margins improve
Total advances in the September quarter increased 19% year-on-year to 11.6 lakh crore, led by a 17% growth in domestic advances, which was supported by a 24% increase in corporate advances to 5.2 lakh crore. The bank has a corporate loan pipeline of 1 lakh crore.
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.
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.
Apple India in sweet spot as FY26 revenue crosses Rs 1 lakh crore, profit soars
Apple India's revenue reached
US stocks today: Nasdaq leads Wall Street gains as chip, AI stocks rebound
US stocks ended mixed on Monday, with the Nasdaq leading gains as chip and AI-linked stocks bounced back after last weeks sharp selloff. Investors also tracked corporate earnings and fresh stock-specific moves, while concerns over AI spending and financing remained in focus.
SBI data breach claim: Hackers allegedly access 3.75 lakh accounts
The threat actor describes this as the first disclosure of the dataset, Cyberpulse56 said, adding that the authenticity, origin and extent of the alleged exposure are inverified. If legitimate, the data could facilitate identity theft, financial fraud, targeted phishing and fraudulent loan applications, the group said.
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.
Hedge funds retreat from tech at fastest pace in a decade as AI trade weakens
Hedge funds cut technology exposure at the fastest pace in at least a decade as the global AI trade weakened and tech stocks bore the brunt of last weeks selloff. Goldman Sachs data showed funds reduced risk sharply, although technology remained a major part of their portfolios.
Jio IPO anchor book sees over 30x demand, draws record bids worth 2.5 trn
Jio Platforms' 8,110 crore anchor book draws bids exceeding 2.5 trillion, with global investors, mutual funds and insurers competing for shares ahead of its 30,213 crore IPO
S&P Global flags potentially hidden AI debt at hyperscalers as AI spending surges
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1 Finance has received in-principle SEBI approval for an MF Lite licence and plans to launch passive mutual funds in Q4 FY27. SEBIs framework eases regulatory requirements for eligible passive fund houses, potentially encouraging competition and expanding investor choice in index funds and ETFs.
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.
Tonbo Imaging India IPO subscribed nearly 136 times, led by QIB demand
The issue drew 55,24,267 applications, according to Chittorgarh data, with qualified institutional buyers subscribing 293.56 times and non-institutional investors 170.94 times
Central Bank of India reports technical glitch in RTGS outward system
Central Bank said 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.
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.
A rise in home loan rates forces borrowers to choose between higher EMIs and longer repayment tenures. A 50 lakh loan example shows how a 25-basis-point increase affects monthly payments and total interest, and what borrowers should consider before deciding.
AI stocks rebound as CoreWeave jumps on Goldman Sachs upgrade
AI stocks rebound after last weeks sharp selloff, with semiconductor stocks leading the recovery. CoreWeave gains after Goldman Sachs upgrades the stock to buy, while Intel, Nvidia, AMD and Broadcom also rise. Investors now turn to upcoming technology earnings for clues on AI spending, valuations, debt and interest rates.
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.
Investors can choose from physical gold and silver, digital gold, ETFs, mutual funds, Sovereign Gold Bonds and Electronic Gold Receipts. Each option differs in costs, liquidity, regulation, taxation and storage needs, making it important to compare the risks before investing.
Manufacturers in Surat are moving beyond sarees and synthetic fabrics to produce specialised textiles for defence applications. Full details here.
Global Markets: French markets tumble as riots add to political crisis
Protests across France have led to significant declines in the country's financial markets and stocks. French government officials requested local authorities to consider imposing curfews amid the unrest. The rise in bond yields suggests increasing investor concern over France's budgetary challenges and economic outlook. Major French banks have experienced stock declines, reflecting the heightened risk of insuring French debt.
US Treasury yields nudge higher as AI fears ebb
US Treasury yields experienced a rise alongside a boost in equities, particularly driven by AI stocks, which has mitigated earlier anxieties among investors. The 10-year Treasury yield saw a modest rebound after a steep decline, indicating a shift in market mood. Moreover, oil prices declined, easing inflation fears related to global tensions.
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.
Gold climbs 400 to 1.5 lakh per 10 gm as festive buying elevates demand
Silver, however, remains steady for the second straight session at 2.15 lakh per kilogram
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.
NSE, BSE to Hold Special Diwali Muhurat Trading on Nov 8
Leading Indian stock exchanges, NSE and BSE, will conduct a special Muhurat trading session on Sunday, November 8, from 2:20 pm to 3:30 pm, to mark Diwali and the beginning of the new Hindu calendar year.
More than 20 people in Visakhapatnam reportedly lost 1 crore in a month to a Google Review job scam. Fraudsters used small initial payouts to build trust before demanding larger deposits, leaving victims unable to withdraw their money.
Titan redeems Rs 1,000 crore commercial paper
Titan Company Ltd has successfully fulfilled its obligation by redeeming commercial papers worth Rs 1,000 crore, originally issued on July 21, 2026. As the maturity date has arrived, all investors have duly received their returns. This action adheres to the regulations established by the Securities and Exchange Board of India. As part of the Tata Group and functioning under the Tamil Nadu government, Titan encompasses various lifestyle brands.
Yes Bank CET1 may fall to 10% if past AT1 coupons are paid: Crisil
Yes Bank faces a potential decline in core equity capital, projected to fall to around 10% due to accumulated coupon payments on AT1 bonds. Crisil Ratings highlighted a significant liability impact estimated at Rs 6,200 crore, while S&P Global Ratings foresees a reduction in common equity by about Rs 8,400 crore. Despite these concerns, both agencies believe the bank's credit profile will remain stable.
Piramal Finance Q2 net profit soars 67% to Rs 545 crore
Piramal Finances assets under management grew 24% to Rs 1.13 lakh crore, led by a 30% rise in retail AUM. Net interest income increased 35%, while its net interest margin expanded 35 basis points to 6.5%.
Fitment factor demands range from 3.2 to 4 or higher as central government employees await a revised salary structure.
PFRDA has launched NPS Central, a digital platform where subscribers can enrol, manage accounts, review investments and make contributions. Details here.
Amazon Says Its AI Chips Will Work With Popular Coding Language, Challenging Nvidia
TorchNeuron lets developers run code written in a language called PyTorch on Amazon's Trainium AI chips with a single configuration change and no rewriting needed
US stocks today: S&P 500, Nasdaq open higher as AI stocks rebound ahead of major earnings
US stocks open higher as AI-related shares rebound from last weeks sharp selloff. The S&P 500 and Nasdaq gain at the open, supported by lower oil prices ahead of a busy earnings week. The Dow slips marginally, while investors track technology stocks and upcoming corporate results.
Home loan prepayment vs SIP: Which is a better option and saves you more money? Here's the maths
With home loan EMIs spread over a 20-25-year tenure, even small payments in the initial years can significantly reduce overall interest outgoings over time.
SBI Mutual Fund leans on brand, SBI's network to deepen B-30 penetration
Plans to add more branches as it looks to expand investor pool, says new CBO
Bank of America arm seeks CCI nod for up to 49.9% in Jio Credit
A summary of proposed transaction noted this involves Jio Credit, a non-banking financial company within the Jio Financial Services group. According to the applicants submission, NB Holdings has no direct business operations in India.
NRI tax return: can you correct a wrongly claimed capital gains exemption in your ITR?
An NRI living in the UAE mistakenly claimed treaty relief on gains from Indian shares and mutual funds. While the revised-return deadline has passed, an updated return may offer a way to correct the error.
China Restricts Machinery Exports, India's Projects Affected
China has announced new export controls on key machinery, including tunnel boring machines, walking excavators, and dredger components, citing national security. These restrictions, effective November 18, could significantly impact India's infrastructure projects, such as metro systems and high-speed rail lines, as China has previously limited such exports to India.
India bonds give up day's gains as oil price spike adds to rate hike fears
Indian government bonds ended lower as inflation concerns increased due to rising crude oil prices. The benchmark 10-year bond yield has been rising for nine consecutive weeks, causing worries about further rate hikes. Economists predict consumer inflation might exceed the upper tolerance band of the Reserve Bank of India. Additionally, the Reserve Bank has taken measures to curb currency speculation and stabilize the financial market.
Erling Haaland has bought a home at Manchester City Yas Residences, a branded development on Abu Dhabis Yas Island. The project includes more than 2,000 homes, sports facilities and parks, with phased delivery starting in 2029.
Inside Madhuri Dixits 5,500 sq ft sea-facing Mumbai home with more than 30 MF Husain paintings
Art is a prominent feature of the residence, particularly the paintings of renowned Indian artist MF Husain. The corridor leading into the home features several of his works.
Bajaj Finance Q2 Results: Net profit jumps 29% YoY to Rs 6,367 crore, NII up 24%
Bajaj Finance Q2 Results: Bajaj Finance reported a 29% year-on-year increase in net profit to Rs 6,367 crore in the September quarter, compared with Rs 4,948 crore a year earlier. Net interest income rose 24% to Rs 13,335 crore from Rs 10,785 crore in the year-ago quarter. Net total income increased 23% to Rs 15,974 crore from Rs 12,982 crore.
Elon Musk pledges a share of SpaceX company to 'every kid in America'
In a groundbreaking move, Elon Musk revealed his intention to distribute one share of SpaceX to every child in America. This announcement comes on the heels of Anthropic's commitment to allocate 5 percent of its shares to a public benefit fund aimed at harmonizing financial success with social impacts. With SpaceX recently hitting the stock market, Musk has also claimed the title of the world's first trillionaire.
Jio vs Airtel vs Voda Idea: Comparing ARPU, Margins, Subscribers & More
Jio vs Airtel vs Voda Idea: Comparing ARPU, Margins, Subscribers & More
CME to launch tungsten futures to meet rising demand for critical minerals
CME Group on Monday said it will launch tungsten futures to meet rising demand for its metals complex, which registered record volume this year. * The contracts are expected to
METALS-Copper falls as LME stocks edge higher and mine supply concerns ease
Copper prices have dipped due to rising inventories culminating from a resolution of a major strike at a Chilean mine. With available copper stocks hitting a two-month peak following substantial inflows, expert analyst Daniel Ghali pointed to US tariffs impacting global supply chains and shipping costs. In contrast, China exhibits signs of economic growth, notwithstanding ongoing struggles in its property sector.
Sterling hits 17-month high against euro
Sterling hit a fresh 17-month high against the euro on Monday as street riots in France and elevated energy prices weighed on the single currency while recent
10 crore cover at 70? Insurance reform must start with the buyer
Insurance regulation must go beyond capping commissions to enforce product suitability, hold distributors accountable for mis-selling and prioritize policyholder outcomes over sales incentives.
Only 2 of 29 aggressive hybrid funds with reported one-year returns delivered over 8%, while 22 posted losses. Even large schemes such as SBI and ICICI Prudential Aggressive Hybrid Fund ended in the red, highlighting the risks of equity-heavy hybrid investments.
Yes Bank weighs capital options after AT1 verdict, coupon liability remains uncertain
Yes Bank is recalibrating its capital strategies in response to the Supreme Courts ruling which reinstated Rs 8,415 crore of AT1 bonds. This ruling may lower the banks CET1 capital ratio by approximately 240 basis points, thus influencing its growth initiatives. Management is still reviewing potential payment duties spurred by the verdict.
Jio IPO draws Rs 2.5 lakh crore in anchor bids from over 70 investors
Jio Platforms Rs 30,188 crore IPO has attracted institutional bids worth around Rs 2.5 lakh crore, more than 30 times the size of its anchor book. Over 70 investors, including global asset managers, sovereign wealth funds, domestic mutual funds and insurers, have expressed interest ahead of the October 21 opening.
1 Finance gets in-principle approval for Indias first MF Lite AMC licence
1 Finance has received SEBIs in-principle approval to establish Indias first MF Lite asset management company, targeting a Q4 FY27 launch. The proposed AMC will offer passive investment products, including index funds and ETFs, subject to final regulatory registration.
Sensex, Nifty, Share Prices : Markets closed over 1 per cent lower on Monday as losses in private banks and IT stocks overwhelmed gains in metals and public-sector lenders.
Sensex, Nifty end lower amid volatile trade and profit booking
Private banks drag benchmarks as crude prices and weak global cues weigh on sentiment, while PSU banks buck the trend
Rupee falls 3 paise to close at 94.92 against U.S. dollar
The rupee snapped its six-session winning streak and settled in negative territory amid continued pressure from foreign institutional investor outflows and elevated crude oil prices
Hindustan Zinc Q2 Results: Net profit skyrockets 142% YoY to Rs 6,412 crore, revenue soars 77%
Hindustan Zinc reported a 142% year-on-year rise in Q2 FY27 net profit to Rs 6,412 crore, while revenue surged 76.5% to Rs 15,093 crore. EBITDA doubled to Rs 9,285 crore, with margins expanding to 62% on higher prices and production.
Sensex, Nifty Plunge as Private Banks Drag Market
Indian benchmark equity indices, Sensex and Nifty, ended sharply lower, with the Sensex tumbling 876.37 points and the Nifty dropping below 22,900, primarily due to a decline in private bank stocks like HDFC Bank and Axis Bank, alongside weak global market trends.
