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Orkla India IPO: Orkla India, parent company of packaged foods manufacturer MTR Foods, has set the price band for its initial public offering (IPO) in the range of ₹695 to ₹730 per equity share. The mainline offering is entirely an offer for sale (OFS) of ₹22.8 million equity shares worth ₹1,667.54 crore. Orkla Asia Pacific is the promoter selling shareholder, while Navas Meeran and Feroz Meeran are other selling shareholders. According to the red herring prospectus (RHP), the company has reser ...Read More >
Synopsis: Solar company won a 148.9 MW order from Sunsure Energy for its high-efficiency N-Type TOPCon modules, to be deployed in Maharashtra and Uttar Pradesh, supporting India's 500 GW clean energy target and reinforcing its renewable leadership. This company manufactures solar PV modules and also provides EPC and O&M services, and is now in the spotlight after securing a 148.9 MW high-efficiency solar module order. With market capitalization of Rs. 12,365 cr, the shares of Vikram Solar Ltd ...Read More >
Hyderabad: Laurus Labs on Thursday said it saw an 875% jump in consolidated net profit for the second quarter ended Sept 30, 2025, at ₹195 crore from ₹20 crore in the same quarter of the last financial year. The company's revenues climbed 35% year-on-year to ₹1,653 crore compared to ₹1,224 crore in Q2FY25.The company attributed the surge in profits and revenues to its expanding contract development and manufacturing organisation (CDMO) business and strong performance in generics, underpinned by ...Read More >
Mumbai, Oct 23 (SocialNews.XYZ) Vardhman Textiles Limited on Thursday announced its September quarter results (Q2 FY26) as the company reported a 5 per cent year-on-year (YoY) drop in its net profit to Rs 187.76 crore, compared to Rs 197.29 crore in the same quarter previous financial year (Q2 FY25). Revenue also slipped slightly by 1 per cent to Rs 2,480 crore from Rs 2,502.4 crore a year ago, according to its stock exchange filing. However, operating performance improved as the company's ear ...Read More >
New Delhi, Oct 23 (PTI) FMCG major Hindustan Unilever Ltd (HUL) on Thursday reported a 3.8 per cent rise in consolidated net profit at Rs 2,694 crore and sales was up 2.1 per cent in the September quarter of FY'26 with a "flat underlying volume growth" due to the transitory impact of GST changes and prolonged monsoon in parts of the country. HUL, which owns popular brands such as Rin, Surf Excel, Lux, Horlicks etc had logged a net profit of Rs 2,595 crore in the July-September quarter a year ag ...Read More >
Mumbai: Packaged consumer goods giant Hindustan Unilever Ltd on Thursday reported a muted 1.5% rise in consolidated revenue to ₹16,388 crore for the July-September quarter (Q2FY26). The company's net profit during the quarter stood at ₹2,694 crore, up 3.8% year-on-year. HUL, India's largest fast-moving consumer goods company, had flagged in late September that it expected disruptions in sales in the quarter over lower goods and services tax rates. While the rate cuts benefitted 40% of HUL's p ...Read More >
India's private companies are financially strong and adaptable. They are ready to drive national growth. Their ability to pay debts has improved, boosting financial stability. This sector navigated crises and emerged stronger. Companies are investing more, contributing to economic momentum. Sales growth shows a transition to stable expansion. Profits have risen significantly, improving profit margins. This enhances debt servicing capacity. India's private sector companies, with stronger financi ...Read More >
New Delhi: Corporate sales in India rebounded sharply post-pandemic, peaking at 32.5 per cent growth in 2021-22 over the contraction recorded during the pandemic period, before stabilising at 7.2 per cent in 2024-25, according to the latest RBI Bulletin. Net profits rose significantly to Rs7.1 trillion in 2024-25 from Rs2.5 trillion in 2020-21. Consequently, the net profit margin improved to 10.3 per cent during 2024-25 from 7.2 per cent in 2020-21. Corporates continued to deleverage their bala ...Read More >
The allotment for Midwest's Rs 451 crore IPO will be finalised on Monday and investors who applied for the issue can soon check whether they have received shares. The issue received a massive response from investors, subscribing 92.36 times overall, led by strong demand from institutional and non-institutional investors. The IPO consisted of a fresh issue of Rs 250 crore and an offer for sale (OFS) of Rs 201 crore, priced between Rs 1,014-1,065 per share. The company is expected to list on both ...Read More >
New Delhi [India], October 19 (ANI): M Paramasivam, Executive Director of Punjab National Bank (PNB), stated on Sunday that the bank is focusing on strengthening its core segments -- retail, agriculture, and MSME loans and deposits -- as part of its growth strategy. In banking, RAM is a common acronym for the Retail, Agriculture, and MSME loan and deposit segments. Banks focus on this sector because it represents a significant portion of their business and is often a key driver for growth. Spe ...Read More >
Revenue from operations increased 12 per cent to ₹3,773 crore in the July-September quarter, compared to ₹3,304 crore in the corresponding period of the previous fiscal, the company said in a regulatory filing. Tyre maker Ceat Ltd on Friday reported a 54 per cent year-on-year rise in consolidated net profit to ₹186 crore for the quarter ended September 30, 2025, driven by strong domestic demand and revenue growth. The company had posted a net profit of ₹121 crore in the same period last ...Read More >
istock photo for BL | Photo Credit: iStockphoto Stock Market Today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE share prices and Indian stock markets for 17 October 2025. * October 17, 2025 08:08 BEML: Company and Kineco Limited have entered into a MoU to collaborate in the field of advanced composite manufacturing for aerospace and Defence applications. (Positive) HCL Tech: Company and Zscaler Expand Partnership for Ai-Powered Security and ...Read More >
SRINAGAR, Oct 18: While maintaining higher provisioning requirements owing to regulatory compliance, J&K Bank posted a net profit of Rs 494.11 Cr for the July-September Quarter (Q2) of current financial year (CFY), remaining well on course to meet its annual market guidance. The Bank's net profit for half-year (H1) witnessed an increase to Rs 978.95 Cr from Rs 966.41 Cr recorded for H1 last FY. The Bank announced financial numbers after its Board-of-Directors reviewed and approved the quarterly ...Read More >
Mumbai, Oct 18 (PTI) Private sector lender IndusInd Bank on Saturday reported a loss of Rs 437 crore in the September quarter, as it chose to identify and provide for additional stress in the microfinance portfolio. The Hinduja group-promoted lender had reported a net profit of Rs 1,331 crore in year-ago period and Rs 604 crore in the preceding June quarter. In March, it booked a loss of Rs 2,329 crore amid a crisis over shoddy corporate governance, wrongful accounting practices and executive ...Read More >
Mumbai, Oct 18 (PTI) ICICI Bank on Saturday reported that its consolidated net profit for the September quarter inched up by 3.2 per cent to Rs 13,357 crore as a fall in provisions helped overcome the impact of margin compression. On a standalone basis, the second largest private sector lender reported a 5.2 per cent growth in its post-tax profit at Rs 12,359 crore, up from Rs 11,746 crore in the year-ago period. The core net interest income increased 7.4 per cent to Rs 21,529 crore on the bac ...Read More >
MUMBAI: IDFC FIRST Bank reported a 76% rise in profit after tax (PAT) to Rs. 352 crore for Q2 FY26, driven by lower provisions and growth in its retail and commercial businesses. The bank's CASA ratio crossed 50% for the first time, reflecting improved funding stability.The PAT jump was supported by a 16.2% YoY decline in total provisions to Rs. 1,452 crore, including a sequential fall of 12.5% from Rs. 1,659 crore in Q1. The bank used Rs. 75 crore of its microfinance provision buffer during the ...Read More >
MUMBAI: HDFC Bank reported a 10.8% rise in standalone net profit to Rs 18,640 crore for the quarter ended Sept 2025, driven by higher non-interest income and steady improvement in asset quality.Net interest income rose 4.8% year-on-year to Rs 31,550 crore, while non-interest income surged 25% to Rs 14,350 crore. Total income grew 10.4% to Rs 45,900 crore. Operating expenses rose 6.4% to Rs 17,980 crore, and provisions increased 29.6% to Rs 3,500 crore. Profit before tax climbed 11% to Rs 24,420 ...Read More >
New Delhi, Oct 18 (SocialNews.XYZ) India's second-largest private lender, ICICI Bank, reported a 5.2 per cent year-on-year increase in profit after tax (PAT), reaching Rs 12,359 crore for Q2 FY26. The bank in its exchange filing said that net interest income (NII) rose by 7.4 per cent to Rs 21,529 crore, with a net interest margin of 4.30 per cent. Profit before tax excluding treasury grew by 9.1 per cent year-on-year to Rs 16,164 crore in the quarter. "Average deposits grew by 9.1 per cent ye ...Read More >
Mumbai: ICICI Bank on Saturday announced that its consolidated profit for the September quarter inched up 3.2 per cent to Rs 13,357 crore. The lender had reported a consolidated net profit of Rs 12,948 crore in the year-ago period. On a standalone basis, the second largest private sector lender reported a 5.2 per cent growth in its post tax profit at Rs 12,359 crore, up from Rs 11,746 crore in the year-ago period. The core net interest income increased 7.4 per cent to Rs 21,529 crore on the bac ...Read More >
Hyderabad (Telangana) [India], October 18: Tanla Platforms Limited, an AI-native platform company, today announced its financial results for Q2 FY26. Also Read | Brighton vs Newcastle United Premier League 2025-26 Free Live Streaming Online: How To Watch EPL Match Live Telecast on TV & Football Score Updates in IST?. Also Read | Share Market News: Nifty, Sensex Surge Over 2% This Week Amid Renewed Hopes of US-India Trade Deal. - Gross profit was at ₹287 Cr, grew by 10% QoQ and 9.5% YoY. Gross ...Read More >
NEW DELHI : India Inc. is displaying diverging trends in its charity: businesses overshoot their legally mandated corporate social responsibility (CSR) budget when the spending obligation is low, but struggle to deploy these funds when CSR budgets are high. Businesses with small CSR budgets show "outsized intent" to do charity compared to their statutory obligation, while those with the largest budgets face challenges in the implementing agencies' absorption capacity, according to a study of go ...Read More >
Mumbai, Oct 17 (PTI) Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment. However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to the previous quarter. The oil-to-retail conglomerate posted a consolidated net profit of Rs 18,165 crore in July- ...Read More >
New Delhi, Oct 17 (PTI) Sterling and Wilson Renewable Energy on Friday reported a consolidated net loss of Rs 477.62 crore in the September quarter, due to an exception item of Rs 580.10 crore during the period under review. The company posted a consolidated net profit of Rs 8.57 crore in the quarter ended on September 30, 2024, a BSE filing showed. Last year, a wholly owned subsidiary (WOS) company of the group terminated a contract with a major subcontractor in a particular geography for del ...Read More >
Mumbai: Eyewear retailer Lenskart is looking to launch its ₹8,000-crore initial public offering (IPO) in early November, according to bankers. This will be the fourth-largest issue in 2025 so far after Tata Capital, HDB Financial Services and LG Electronics. Bankers said the company is looking to capitalise on the continued investor appetite for large public issues. "Lenskart may announce the price band by the end of October and launch the IPO in the first week of November," said a banker. Br ...Read More >
India's second largest software exporter also narrowed its revenue estimates for the fiscal year by lifting the lower end of the growth guidance, to 2-3% from 1-3% in constant currency, which excludes the impact of currency movements. This is a further improvement from the previous quarter, when it tweaked the outlook from the earlier 0-3% growth. It retained the operating margin guidance of 20-22%. Infosys on Thursday beat analyst estimates with a 13.2% year-on-year and 6.4% sequential increas ...Read More >
Mumbai, Oct 16 (SocialNews.XYZ) Choice International Limited, a brokerage and financial services firm, on Thursday reported its net profit for the second quarter in current fiscal (Q2 FY26) at Rs 56.46 crore, up 21.5 per cent year-on-year (YoY). The financial service company had posted a net profit of Rs 46.45 crore in the same quarter a year ago (Q2 FY25). The company's profit jumped over 17 per cent quarter-on-quarter (QoQ), as well, from Rs 47.96 crore in the April-June period. Meanwhile, t ...Read More >
CHENNAI: Indian Overseas Bank (IOB) on Thursday posted a 57.8% rise in net profit at Rs 1,226 crore in the quarter ended Sept 30, 2025, against Rs 777 crore in the corresponding quarter last year. It was driven by growth in interest income and lower provisions. With the reduction in repo rate impacting the yield on advances, the public sector lender has witnessed a decline in repo-linked portfolio, while the marginal cost of funds based lending rate (MCLR) has increased.The net interest income ( ...Read More >
Bengaluru (Karnataka) [India], October 16: Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth of 2.9 and sequential growth of 2.2 in constant currency. Operating margin was at 21.0. Free cash flow generation was strong at $1.1 billion, 131.1 of net profit. TCV of large deal wins was $3.1 billion, with net new of 67. Employee headcount increased by 8,203. Second consecutive ...Read More >
KEI Industries' shares fell 9% to Rs 4,032 despite strong Q2 FY26 results. Net profit rose 31.3% to Rs 204 crore, supported by revenue growth, while EBITDA was muted. Analysts maintain a Buy rating, citing robust demand in cables. Investors await commentary on volumes, margins, and Sanand plant timelines. Shares of KEI Industries slipped as much as 9% to their day's low of Rs 4,032 in morning deals on Thursday, October 16, even as the company reported a strong set of numbers for the second quar ...Read More >
New Delhi, October 16: Nestle, the Swiss food and beverage giant known for brands like Nespresso, Kit Kat, Perrier, and Purina, announced on Thursday that it will cut 16,000 jobs worldwide over the next two years. The move comes as the company aims to speed up its transformation under new CEO Philipp Navratil, who took charge in early September. "The world is changing, and Nestle needs to change faster," Navratil said in a statement. He added that the job cuts were part of "hard but necessary d ...Read More >
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