Shares of Avenue Supermarts Ltd (DMart) fell following a cut in price target by Goldman Sachs after the company reported its Q2 FY26 standalone results. Q2 Performance Revenue: ₹16,218 crore (+15.4% YoY), slightly below the three-year CAGR of 15.8%. Store Additions: 8 new stores in Q2, taking the…
Dhanlaxmi Bank Ltd reported a robust growth in its total business for Q2 FY26, with the figure rising 17.5% year-on-year to ₹30,147 crore. The surge was driven by healthy increases in both deposits and advances. Quarterly Performance Total Deposits: ₹17,103 crore (+17% YoY) Gross Advances: ₹13,044 crore (+18%…
Lupin Ltd, a leading Indian pharmaceutical company, has launched Liraglutide injection in the United States, marking a significant expansion of its complex injectables portfolio. The injectable is aimed at improving blood sugar control in adults and children aged 10 years and above with Type 2 Diabetes, in combination…
The Securities and Exchange Board of India (SEBI) has finally approved IHH Healthcare Berhad’s long-delayed open offer for a 26.1% stake in Fortis Healthcare and its subsidiary, Fortis Malar Hospitals, nearly seven years after the Malaysian firm initially acquired a 31.1% stake in the Indian hospital chain. Background…
L&T Finance Limited, a leading retail-focused non-bank lender, has released its provisional business update for Q2 FY26, reporting strong growth in retail disbursements and loan book expansion. Retail Disbursements Surge Retail disbursements for Q2 FY26 reached ₹18,850 crore, up 25% YoY from ₹15,092 crore in Q2 FY25. The…
MOIL Ltd, India’s largest state-owned manganese producer, reported its highest-ever production in September at 1.52 lakh tonnes, marking a 3.8% year-on-year increase, driven by enhanced mining and drilling activities. Quarterly Performance For the July–September quarter (Q2 FY26): Production: 4.42 lakh tonnes (+10.3% YoY) Sales: 3.53 lakh tonnes (+18.6%…
Yes Bank Ltd reported steady growth in both its loan and deposit portfolios for September 2025, signalling improving business activity, customer confidence, and stable performance in India’s private banking sector. Loan Growth Accelerates to ₹2.50 Trillion Yes Bank’s loan book expanded to ₹2.50 trillion, a 6.38% year-on-year (YoY)…
Vedanta Group company Hindustan Zinc Ltd has released its Q2 FY26 business update, reporting a mixed operational performance across key segments, though supported by steady financial results. Operational Highlights Mined Metal Production: 258 kilo tonnes (kt), up 1% year-on-year (YoY) but down 3% quarter-on-quarter (QoQ). Saleable Metal Output:…
Insolation Energy Limited (BSE: 543620) has announced a strategic expansion of its solar power business by incorporating five new wholly-owned subsidiaries through its arm, Insolation Green Energy Private Limited. Each entity will function as a special purpose vehicle (SPV) dedicated to developing, operating, and maintaining solar power plants.…
TVS Motor Company Ltd has officially completed the acquisition of Engines Engineering S.p.A, marking a significant milestone in its global expansion strategy. The move positions the Indian two-wheeler giant to strengthen its foothold in premium mobility and advanced engineering on the international stage. Acquisition Details TVS Motor’s Singapore-based…