Shares of Bharat Rasayan Ltd. surged by up to 12% on Monday, October 20, following the company’s announcement that its board will meet to consider a bonus share issue and a stock split alongside its September quarter results. Board Meeting and Record Date The company stated in an…
After three months of net withdrawals, foreign portfolio investors (FPIs) have made a strong comeback into Indian equities, injecting ₹6,480 crore so far in October. This reversal follows significant outflows in the previous three months — ₹17,700 crore in July, ₹34,990 crore in August, and ₹23,885 crore in…
HDFC Bank Limited has posted a strong performance in the second quarter of FY26, with profit after tax (PAT) rising 10.8% year-on-year to ₹18,640 crore, reflecting healthy lending operations, steady revenue growth, and disciplined asset management. The results were approved by the Board of Directors on October 18,…
L&T Technology Services Sets USD 2 Billion Revenue Target for FY26 with Mid-16% EBIT Margin Guidance
L&T Technology Services (L&T Tech) has unveiled its strategic growth vision for FY26, aiming for USD 2 billion in revenue and projecting EBIT margins in the mid-16% range for Q4 FY27 to Q1 FY28. The company’s guidance reflects confidence in its ability to expand market share, capture new…
HDFC Mutual Fund has resumed full subscription access to its HDFC Silver ETF Fund of Fund (FoF). Investors can now make lump-sum investments, switch-ins, and new registrations for SIPs (Systematic Investment Plans) and STPs (Systematic Transfer Plans) without any restriction. Reason for Temporary Cap The resumption follows a…
JSW Steel, one of India’s leading steel producers, has outlined its strategic plans for FY26, emphasizing growth, modernization, and financial prudence. The company has announced an annual capital expenditure of ₹20,000 crore and aims to maintain a net debt to EBITDA ratio below 3X, highlighting its focus on…
Ageas Federal Life Insurance, one of India’s fastest-growing private life insurers, has entered a strategic SME Bancassurance partnership with CSB Bank to broaden the reach of life insurance solutions among Small and Medium Enterprises (SMEs) and individual entrepreneurs across India. Partnership Overview The collaboration aims to offer comprehensive…
The Sovereign Gold Bond (SGB) 2020-21 Series VII tranche becomes eligible for premature redemption on October 20, 2025, completing five years since issuance. The Reserve Bank of India (RBI) has fixed the redemption price at ₹12,792 per gram, based on the average IBJA gold rates from October 15–17,…
Rail Vikas Nigam Ltd (RVNL) has secured a new contract worth ₹144.44 crore from the South Central Railway, further strengthening its position in the railway infrastructure sector. Project Details RVNL emerged as the lowest bidder (L1) in a reverse auction conducted by South Central Railway. The project involves…
RBL Bank has outlined an optimistic outlook for margin expansion, aiming to raise its Net Interest Margin (NIM) by 10–15 basis points each quarter to reach 4.75–4.80% by March 2026. The bank shared its projections and business outlook following the release of its unaudited financial results for the…