Tata Capital Q2 profit up 11%, motor finance integration progressing well
Tata Capital reported an 11% sequential rise in profit to ₹1,097 crore in its first quarterly results since listing, with motor finance integration progressing well.
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M&M Finance Q2 profit jumps 45% to ₹564 crore on strong NII, asset growth
The company’s loan book expanded by 13% YoY, while total disbursements grew 3% to ₹13,514 crore. Tractor disbursements, however, surged 41% YoY, reflecting strong performance in this segment. Shares of Mahindra & Mahindra Financial Services Ltd ended at ₹299.70, up…
ABB India expands Bengaluru plant to boost local output of variable speed drives
The new production line will help ABB cut delivery times by up to 40% and produce customised drives to serve diverse industrial needs. It will also produce drives with large power ratings for a variety of industries, including buildings, data…
Stock market ends flat as metals lift late recovery, IT stocks weigh
The NSE Nifty 50 index closed down 30 points, or 0.12%, at 25,936, while the S&P BSE Sensex slipped 151 points, or 0.18%, to end at 84,628. The Nifty recouped more than 140 points from the day’s lows to hold…
BEML signs MoU with Deendayal Port, DMRC and Umeandus Tech for automatic cargo evacuation system
Under this MoU, the parties have formed an alliance covering the areas of the Real Time Automatic Cargo Evacuation System (e-FTS and Enhance Freight Transport System). As per the agreement, Deendayal Port Authority will serve as the client, while DMRC…
MCX trading halt sparks concern among brokers over system reliability
Kunal Shah, Head-Commodities Research, Nirmal Bang Commodities said the MCX outage was a technical glitch but stressed that such disruptions should not occur, as they expose traders to major risks without alternatives. Jay Prakash Gupta, Director of Dhan called the…
Oil India, BPCL and NRL sign pacts for ₹1 lakh crore refinery and ₹3,500 crore pipeline projects
In another development, OIL, BPCL, and NRL have signed a tripartite MoU to facilitate the evacuation of petroleum products following NRL’s expansion from 3 MMTPA to 9 MMTPA. Shares of Oil India Ltd ended at ₹413.10, down by ₹9.60, or…
Exclusive | TPG, Bain Capital in race for up to 20% stake in IIFL Capital, say sources
Sources told CNBC-TV18 that TPG Capital is the frontrunner to acquire up to 19.99% in IIFL Capital, while Bain Capital is also exploring a significant stake in the firm.
Bitcoin sees weakest October since 2014; Citi, Coinbase partner on Stablecoin payments
Coinbase, which partners with over 250 financial institutions worldwide, now adds Citi to its list as it continues expanding in the regulated digital finance space.
TVS Motor Q2 Results: Volumes, product mix aid revenue growth; Management commentary awaited
Volumes rose 23% YoY and 18% QoQ, while average selling price (ASP) was up 5% YoY and remained flat sequentially.