ICICI Bank raised ₹3,945 crore via Tier 2 bonds, while HDFC Bank faced a ₹91-lakh RBI penalty. JK Tyre set the record date for its Cavendish merger, and Lenskart reported strong Q2 earnings. Waaree Energies won a 140 MW order,…
Lenskart’s September quarter net profit increased 19.7% to ₹102.2 crore from the previous year’s ₹85.4 crore. It was also up 70.3% sequentially at ₹60 crore.
Anil Gupta, CMD of KEI Industries, said the company’s export business remains strong across Europe, the Middle East and Australia. While growth in the US has slowed due to tariffs, KEI has been able to offset the shortfall through other…
The project has a top-line potential of ₹400 crore, Arvind SmartSpaces said, adding that it has been acquired on an outright basis.
RBI, in a press release, cited breach of provisions of the Banking Regulation Act, and non-compliance with directions related to interest rates, outsourcing practices and Know Your Customer (KYC) norms, for the penalty on HDFC Bank.
Nimesh Chandan, CIO of Bajaj Finserv AMC, stated that a real cause for concern emerges when companies with questionable business models or without market leadership start seeing their IPOs heavily oversubscribed. He said this is typically the point at which…
Bank stocks hit a major milestone as Nifty Bank’s market cap crosses ₹50 lakh crore, cementing lenders’ dominance and driving the Nifty50’s latest record-breaking surge.
ICICI Bank has raised ₹3,945 crore through Tier 2 bonds allotted on a private placement basis. Separately, the RBI has cleared the bank’s proposed acquisition of ICICI Prudential Pension Funds Management.
India’s capital markets sector just rode a 205% Nifty surge since 2020—but Q2 exposed its high-beta fragility. With Q3 turning up, earnings could snap back sharply.
Krishna B Goyal, Convener-Silver Jewellery Panel at GJEPC, said changing lifestyles and everyday adornment needs are driving consumers toward branded silver products, making the category increasingly mainstream.