Business Insights
In a major policy signal that could reshape India’s corporate financing landscape, State Bank of India (SBI) Chairman CS Setty has announced the bank’s willingness to collaborate with foreign banks for acquisition financing, following the Reserve Bank of India’s recent move to allow domestic banks to fund corporate acquisitions. This marks a strategic shift for…
In a development that has reignited public scrutiny over financial fraud accountability, Mumbai’s Special SEBI Court has granted permission to former stockbroker Ketan Parekh to travel abroad, provided he deposits ₹27.06 crore with the Securities and Exchange Board of India (SEBI). Parekh, a key accused in the infamous 2000–2001 securities scam, had previously been barred…
In a significant financial disclosure, State Bank of India (SBI) Chairman CS Setty confirmed that the bank has earned a pre-tax internal rate of return (IRR) of approximately 14% from its strategic investment in Yes Bank. The announcement comes as SBI completed a partial stake sale in the private sector lender, marking a successful culmination…
In a sweeping enforcement move, the Enforcement Directorate (ED) has provisionally attached 132 acres of land at Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, valued at ₹4,462.81 crore, as part of its ongoing investigation into alleged bank frauds involving Anil Ambani’s Reliance Communications Ltd (RCom) and other group entities. The action, executed under the…
India’s leading stock exchange, National Stock Exchange (NSE), has reported a sharp decline in its consolidated financial performance for the second quarter of FY26. According to its latest earnings report released on November 4, 2025, NSE’s consolidated profit after tax (PAT) fell 33% year-on-year to ₹2,098 crore, compared to ₹3,137 crore in the same quarter…
In a landmark financial move, Adani Enterprises Ltd. (AEL), the flagship company of the Adani Group, has approved a ₹25,000 crore rights issue aimed at eligible equity shareholders. The decision was finalized during the board meeting held on November 4, 2025, and marks one of the largest capital-raising initiatives in India’s corporate history. The rights…
Power Grid Corporation of India Ltd (PGCIL), the Maharatna PSU and India’s largest power transmission utility, reported a 6% year-on-year decline in consolidated net profit for the second quarter of FY26, settling at ₹3,612.26 crore compared to ₹3,706.10 crore in Q2 FY25. Despite the dip in profitability, the company declared a 45% interim dividend, amounting…
Titan Company Ltd, the Tata Group’s lifestyle and jewellery powerhouse, delivered a robust financial performance for the second quarter of FY26, reporting a 59% year-on-year (YoY) increase in consolidated net profit to ₹1,120 crore. The company’s revenue from operations grew 25% YoY to ₹18,725 crore, driven by strong festive demand and broad-based growth across its…
In a landmark affirmation of India’s growing stature in global semiconductor innovation, Jaya Jagdish, Country Head and Senior Vice President of Design Engineering at AMD India, announced that the company’s R&D teams in India now fully own core intellectual property (IP) across multiple product lines. Speaking in an exclusive interview on November 2, 2025, Jagdish…
Urban Company, India’s leading home services marketplace, reported its Q2 FY26 financial results with a mixed performance—highlighting aggressive growth in topline revenue but a widening net loss. The Gurugram-based firm posted a consolidated net loss of ₹59.3 crore, a sharp increase from ₹1.82 crore in the same quarter last year. The loss was primarily attributed…
