Edelweiss Mutual Fund has successfully raised ₹320 crore in the first subscription round of its Altiva Hybrid Long-Short Specialised Investment Fund (SIF), marking a strong debut for its new alternative investment offering. The fund drew significant interest from both individual investors and corporate treasuries, reflecting rising appetite for…
JK Paper: To Conclude Borkar Packaging Acquisition in Six Weeks JK Paper Ltd said its planned acquisition of Borkar Packaging is in the final stages and is expected to be completed within six weeks. Biocon: Biocon Biologics & Civica Expand Partnership Biocon Ltd’s subsidiary, Biocon Biologics, has expanded…
View on market: Volatility persists, eagerly searching for growth: Asian markets opened lower as weak risk sentiment followed Wall Street’s decline. Concerns over rising bad loans at two American banks hurt confidence in the credit market, pulling regional shares down. Financial stocks led the losses in Asia, while…
Indian Overseas Bank (IOB) reported robust financial performance for the second quarter (July–September 2025), with strong growth in both profitability and asset quality. Key Financial Highlights Net Interest Income (NII): ₹3,059 crore, up 21% YoY from ₹2,537 crore Net Profit: ₹1,226 crore, a 58% increase from ₹777 crore…
Haldiram, a leading name in India’s snacks and sweets sector, has initiated board-level discussions to finalise the size and timing of its proposed initial public offering (IPO), according to reports. The company is targeting a public issue between ₹4,000 crore and ₹5,000 crore in FY26, positioning it as…
Jyoti Structures Ltd. announced that it has secured a Notification of Award worth ₹288.36 crore from AESL Projects Limited, reinforcing its presence in the high-voltage power transmission sector. Details of the Order Under this order, Jyoti Structures will undertake a turnkey assignment for part of the +800 kV…
Air India is accelerating plans to modernise and expand its fleet, entering advanced negotiations with Airbus and Boeing to potentially acquire up to 300 aircraft. The initiative forms a crucial part of the airline’s global expansion strategy and aims to strengthen its international and domestic network. Scope of…
Indian Bank, the public sector lender, reported a net profit of ₹3,018 crore for the second quarter of FY26, marking an 11.5% increase year-on-year from ₹2,706 crore in the same quarter last year. Key Financial Highlights Net Interest Income (NII): ₹6,551 crore, up 6% YoY from ₹6,195 crore.…
Ashok Leyland Ltd. announced on October 16, 2025, that it has secured a ₹668.76 crore order for 1,937 buses from the Tamil Nadu government. The order was awarded by the Institute of Road Transport, Tamil Nadu, following the regular tender process. Order Details Total buses: 1,937 units Specifications:…
BLS International has announced that it has won a three-year contract from the Ministry of External Affairs (MEA) to establish and manage Indian Visa Application Centers (IVACs) in China. Contract Details The company will operate IVACs in Beijing, Shanghai, and Guangzhou, providing secure, streamlined, and customer-friendly visa services.…