Eyewear retailer Lenskart and financial services firm Billionbrains are poised to raise a combined $1.7 billion through IPOs this month, bolstering India’s booming stock market. Lenskart targets $900 million, while Groww’s parent Billionbrains aims for $750 million, with listings expected by early November.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs