Spandana Sphoorty to raise Rs 400 crore via rights issue for FY26 plans
Spandana Sphoorty Financial will raise up to Rs 400 crore through a rights issue as part of its Rs 750 crore FY26 equity plan. Board meets Friday to finalize terms.
Breakout Stocks: How to trade Gillette India, Piramal Enterprises & Authum Investment that hit 52-week high?
Indian market snapped a 4-day losing streak to close in the green on Tuesday. The BSE Sensex rose more than 300 points while the Nifty50 closed just below 25,200 levels.
HDFC Life sees growth outpacing industry despite early-year slowdown
HDFC Life expects to outperform the life insurance industry in H1 FY26, even as sector growth slows due to regulatory changes and weak demand. Recovery is expected in H2.
SK Finance loan book jumps 27% to Rs 13,261 cr; eyes Rs 2,200 cr via IPO
Jaipur-based SK Finance Ltd, a non-banking financial company, on Tuesday reported 27 per cent rise in its loan book to Rs 13,261 crore for FY25, compared to Rs 10,476 crore in the previous year.
AWL Agri Q1 results: PAT falls 24% YoY to Rs 236 crore despite highest ever revenue jumps of 21%
Adani Wilmar (AWL Agri Business) posted a 24% YoY drop in net profit to Rs 236 crore in Q1FY26 despite record revenue of Rs 17,059 crore, up 21% YoY. Volume declines and weaker rice and FMCG segments offset edible oil gains.
ICICI Prudential Life Q1 Results: Profit jumps 34% YoY as premiums rise, costs fall
ICICI Prudential Life Insurance reported a 34% surge in first-quarter profit, reaching 3.02 billion rupees, driven by increased group policy premiums and reduced operating costs. Net premium income rose 8% to 85.03 billion rupees, fueled by a 20% jump in single premiums. However, growth in ULIPs slowed due to market volatility, while annualized premium equivalent […]
Bank of Maharashtra Q1 Results: Net profit jumps 23% YoY to Rs 1,593 crore
Bank of Maharashtra announced a net profit of Rs 1593 crore for Q1 June 2025, marking a 23% year-over-year increase. Total income rose by 16% to Rs 7879.18 crore, although other income saw a slight decrease. Asset quality remained stable with gross NPA at 1.74% and net NPA at 0.18%.
WeWork India and Studds Accessories get Sebi nod to raise funds via IPO
WeWork India, a top premium flexible workspace provider, has received SEBI approval for its IPO, which includes an Offer for Sale of up to 4,37,53,952 equity shares, as per its DRHP. SEBI issued the observation letter on July 8, 2025.
Ola Electric shares fall 3% on profit booking. Should you buy or sell after Q1 results?
Ola Electric shares: On Monday, Ola Electric Mobility reported a consolidated net loss of ₹428 crore for the quarter ended June 30, 2025, a 23% increase year-on-year, though the loss was lower than Kotak Institutional Equities’ estimates.
Spunweb Nonwoven IPO: GMP robust at 26% on Day 2 of bidding. Check subscription status, other details
Spunweb Nonwoven’s IPO was off to a strong start, garnering 7.61x subscription on Day 1, led by robust retail and NII demand. Shares are commanding a grey market premium of Rs 25–30, indicating a potential 26% listing gain. The Rs 61 crore issue, entirely fresh, aims to fund working capital, invest in a subsidiary, and […]