Shares of PB Fintech Ltd. slipped below their IPO price of ₹980 per share on Thursday, October 1, as the sell-off in the stock after the draft IRDAI paper on distribution norms extended into the sixth straight session. PB Fintech shares fell another 8% on Thursday, taking the weekly loss seen in the stock to…
India is attracting renewed interest from global investors after a long period of underperformance, but valuations have not fallen enough for Westminster Asset Management to take a direct India position yet, according to Jonathan Schiessl, Deputy Chief Investment Officer at Westminster Asset Management. “We are not quite there yet,” Schiessl said, referring to direct India…
The equity benchmark indices extended their losing streak on Thursday, with the Nifty falling 199 points to 22,422 and the Sensex declining 571 points to 71,910. The Nifty Bank slipped 182 points to 54,451, while the Nifty Midcap index fell 600 points to 58,732. The market declined in all four trading sessions this week, with…
Karnataka Bank‘s gross advances grew 24.94% year-on-year (YoY) to ₹92,014.58 crore in the quarter ended September 30, 2026, while deposits rose 11.98% to ₹1.15 lakh crore, according to the bank’s provisional business update released on Thursday. Advances increased by ₹18,370.43 crore from ₹73,644.15 crore a year earlier. On a quarterly basis, they rose 6.24% from…
The Indian stock market’s sell-off deepened this week, with the benchmark index logging its eighth consecutive weekly loss — its first such streak in 25 years. The market ended lower in all four trading sessions of the week, with 45 of the 50 Nifty stocks recording losses. The sell-off also wiped out nearly ₹20 lakh…
State-owned Canara Bank reported strong growth across its business in the second quarter, with domestic advances rising 16.8% year-on-year to ₹12.63 lakh crore and global business growing 15.8% to ₹30.71 lakh crore. Total domestic deposits increased 11% year-on-year to ₹15.48 lakh crore, compared with ₹13.95 lakh crore a year earlier. The latest business update comes…
TVS Motor and Hero MotoCorp reported stronger-than-expected sales in September 2026, with both two-wheeler makers beating CNBC-TV18 poll estimates as demand remained firm ahead of the festive season. TVS Motor’s total sales rose 24% year-on-year (YoY) to 6.73 lakh units from 5.41 lakh units a year earlier, ahead of the CNBC-TV18 poll estimate of 6.37…
Accenture ended fiscal 2026 on a strong note, with fourth-quarter revenue rising 6% year-on-year to $18.7 billion and coming in above the high end of the company’s guided range. The consulting and technology services major reported broad-based growth across geographic markets, industry groups and types of work. Revenue increased 7% in local currency during the…
Infosys and Wipro American Depository Receipts (ADRs) jumped around 8% in pre-market trading on Thursday, October 1, after Accenture reported stronger-than-expected fourth-quarter results and offered an upbeat revenue outlook for fiscal 2027, lifting sentiment across the global IT services sector. Infosys ADR climbed 8.44% to $11.63, while Wipro ADR gained 7.55% to $1.78 as of…
Fundraising through initial public offerings (IPOs) touched a record high of ₹94,205 crore in April-September FY27, courtesy of big-ticket issues such as by NSE, as per a report released by Primedatabase.com on Thursday, October 1. A total of 78 companies hit the market with main board IPOs in the six months totalling ₹94,205 crore. The…
