business

Jio Platforms’ upcoming initial public offering (IPO) has reportedly attracted institutional investor interest worth nearly ₹2.5 lakh crore, indicating strong demand ahead of the company’s proposed stock market debut. According to a Moneycontrol report citing people familiar with the matter, the interest comes from leading domestic and international investors, including mutual funds, insurance companies, sovereign … Read more

India’s foreign exchange reserves dropped $8.6 billion to $726 billion during the week ended Oct 9, marking their fifth consecutive weekly decline as the Reserve Bank of India (RBI) intervened to stabilise the rupee. The latest fall took the cumulative decline over five weeks to approximately $59.7 billion. Forex reserves had reached a record $785.71 … Read more

Mumbai: Hunger Pangs Ltd, the operator of Burma Burma Restaurant & Tea Room, has filed draft IPO papers with  to fund its restaurant expansion across India. The proposed public issue combines a fresh equity issue of up to ₹150 crore with an offer for sale of up to 2.79 crore shares by existing shareholders, according … Read more

New Delhi:   rebounded in July–September 2026, with fundraising almost doubling from the previous quarter to ₹3,791.67 crore, according to B2K Analytics. The total compared with ₹1,890 crore raised during April–June. Renewed investor participation supported 80 SME  , signalling a recovery after activity moderated in the first two quarters of the calendar year. SME IPO Listings … Read more

Mumbai:  announced on Saturday a 38% year-on-year increase in its net profit to ₹7,003 crore for the quarter ended 30 September 2026. This growth was attributed to a 12% rise in net interest income (NII) and improved asset quality. Financial Performance Net interest income for the quarter stood at ₹15,371 crore, up 12% year-on-year and … Read more

Mumbai: announced on Friday a consolidated net profit of ₹1,718.60 crore for the quarter ended 30 September 2026, marking a 40.58 per cent increase compared to ₹1,222.00 crore in the corresponding quarter of the previous fiscal year. Revenue Performance Total for the September quarter of FY27 stood at ₹11,778.67 crore. This is an increase from … Read more

Chinese artificial intelligence (AI) and technology stocks have emerged among the biggest casualties of the global AI market downturn, threatening Beijing’s ambitions to strengthen its technology industry through stock market financing. The Star50 Index, dominated by domestic technology firms, has plunged nearly 40% during the current half-year period, making it the worst-performing major technology benchmark … Read more

Mumbai:  announced its financial results for the quarter and half year ended 30 September 2026, with net profit standing at ₹2,205 crore. This represents a 4% quarter-on-quarter increase from ₹2,115 crore in Q1 FY27. Operating Performance The bank’s operating profit for was ₹2,893 crore, a 33% quarter-on-quarter increase from ₹2,168 crore in Q1 FY27. Net … Read more

Mumbai: on Friday reported a 5.5 per cent year-on-year increase in its consolidated net profit, reaching ₹20,700.03 crore for the quarter ended September 30, 2026. This was up from ₹19,610.67 crore in the same quarter last year. Revenue Performance for the September quarter rose to ₹129,358.69 crore, an increase of 9.1 per cent compared with … Read more

Mumbai:  announced on October 17, 2026, a consolidated net profit of ₹16,333 crore for the quarter ended September 30, 2026, marking a 22.25 per cent increase from ₹13,357.06 crore reported in the corresponding quarter last year. Financial Performance The consolidated  for the quarter stood at ₹88,161.18 crore, up from ₹76,146.59 crore in the quarter ended … Read more