Adani Enterprises’ board has approved the formation of a rights issue committee, which will determine other contours of the board, including the issue price, the entitlement ratio, record date, timing and the terms of the payment.
Operating performance weakened as EBITDA slipped 7.3% to ₹20.4 crore from ₹22 crore a year ago. Operating margins contracted to 13.1% from 15.3% in the corresponding quarter last year.
Adani Ports expects FY26 revenue of ₹36,000-38,000 crore and EBITDA of ₹21,000-22,000 crore, with a capex plan of ₹11,000-12,000 crore. The company maintained its net debt-to-EBITDA policy of up to 2.5x.
Ishan Bansal, Whole-Time Director and Chief Financial Officer at Billionbrains Garage Ventures Limited, said Groww’s wealth management business—strengthened by the recent acquisition of Fisdom—currently contributes about 3–4% of revenue and is expected to grow rapidly.
Asset quality for State Bank of India remained stable on a quarter-on-quarter basis. Gross NPA for the quarter stood at 1.73% from 1.83% in June, while Net NPA stood at 0.42% from 0.47% in the previous quarter.
Blue Jet Healthcare’s net profit declined 10.8% to ₹52 crore in the second quarter compared to ₹58.3 crore in the same period last year.
M&M reported strong cash generation in the first half, delivering over ₹10,000 crore in operating cash flow.
MobiKwik’s losses widened due to exceptional provisions made to cover fraud-related losses. The company made provisions worth ₹11.8 crore this quarter after detecting fraudulent transactions worth ₹40.4 crore in Q2 by certain users in Haryana.
Gaurav Malhotra, Executive Director at Axis Capital, said Vodafone’s recovery will be gradual since the company has underinvested for several years and now needs to rebuild its network and regain market share.
This collaboration will combine Dynamatic Technologies’ global expertise in complex aerostructures and sub-systems manufacturing for leading aerospace OEMs along with L&T’s engineering and BEL’s electronics expertise.