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Meesho Ltd files UDRHP with SEBI for IPO, featuring ₹4,250 crore fresh issue and OFS by Elevation Capital, Peak XV Partners, Y Combinator, Vidit Aatrey, and Sanjeev Kumar.

Stocks to watch: Reliance Industries’ Q2 profit rose 10% YoY to ₹18,165 crore, driven by broad-based growth across segments. Bank of India and CESC reported strong results on improved asset quality and revenue gains. In contrast, REC, JSW Energy, and…

RBL Bank plans to seek shareholder approval at an Extraordinary General Meeting on November 12, with the effective date of the scheme set as April 1, 2026, once all conditions are met.

Abakkus Asset Manager’s Sunil Singhania says Indian markets are showing signs of recovery, with improving consumption and supportive policy measures likely to drive earnings growth. He highlights that cautious portfolio strategies helped limit losses this year and stresses the need…

The investment will involve a capital infusion of up to ₹26,853 crore at a price of ₹280 per share.

The management shared some forecasts and plans for the coming quarters with analysts in a conference call after the latest earnings.

Provisions for the quarter fell 12.5% sequentially to ₹1,452 crore from ₹1,659 crore in Q1 FY26, primarily due to lower provisions in the microfinance book.

Provisions surged to ₹2,622.4 crore, up from ₹1,737.8 crore in Q1 FY26 and ₹1,820.1 crore in Q2 FY25, reflecting higher credit costs during the quarter.

The company’s net profit rose to ₹1,232 crore, up from ₹703 crore in the same period last year.

Nearly 47% of the profit came from the sale of shares in the NSDL IPO concluded in the last quarter.