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Business news and analysis covering markets, companies, the economy and personal finance, updated daily.
Tech Mahindra Q2 results: revenue up 6.8% to $1.69 bn
Tech Mahindra Q2 results: revenue rose 6.8% to $1.69 billion, net profit jumped 32.7% to Rs 1,586 crore, and the board proposed a 1:1 bonus share issue.
Flavoured Milk War: 5 Facts on Reliance’s Rs 20 Joyland
Flavoured milk battle: Reliance launches Rs 20 Joyland in Tamil Nadu, taking on Amul and ITC. Rs 8,360 crore market; national rollout planned.
LPG Price Hike: 5 Facts as Commercial Cylinders Cost More
LPG price hike: commercial 19-kg cylinder up Rs 62.50-71.50 from Oct 1 across Indian cities. Domestic rates unchanged; new Aadhaar rule kicks in.
Silver Price Crashes Rs 10,879 per Kg on Hot US Inflation Data
Silver price crashed Rs 10,879/kg on hot US inflation data, then rebounded. MCX silver near Rs 2,09,200; IBJA rate Rs 2,07,098. What next for buyers?
TCS Q2 Results Beat Estimates as Net Profit Rises 15%
TCS Q2 results beat estimates: net profit up 15% to Rs 13,884 crore on Rs 73,188 crore revenue. AI revenue tops $3.1B; Rs 12 dividend declared.
Sensex Soars 1,534 Points as IT, Bank Stocks Fuel Rally
Sensex surged 1,534 points to 74,315.61 and Nifty gained 1.66% to 22,997.35 on Oct 15 as IT, bank stocks rallied. Rupee up for a fifth straight day.
Jio IPO GMP Jumps to Rs 212 Ahead of Rs 30,000 Crore Issue
Jio Platforms IPO grey market premium rose to Rs 212 ahead of the October 21 issue. The Rs 30,213 crore offering is set to be India's largest-ever IPO.
Tonbo Imaging IPO: Rs 500 GMP Signals 71% Listing Pop
Tonbo Imaging IPO was fully subscribed on day one as a Rs 500 grey market premium signalled a 71% listing pop. Price band Rs 665-700. Issue closes Oct 19.
Yes Bank Share Price Crashes 20% After Supreme Court Ruling
Yes Bank share price crashed 20% intraday after the Supreme Court ruled its Rs 8,415 crore AT-1 bond write-off illegal; the stock closed 14.5% lower.
IDBI Bank Sale: Fairfax’s Rs 53,000 Crore Deal Explained
IDBI Bank sale: Fairfax will acquire a 60.72% stake for Rs 53,000 crore in India's largest bank deal. Shares fell 7.5% as the Cabinet approved the sale.