Cult.fit has received Sebi observations for its proposed IPO, comprising a fresh issue of up to Rs 950 crore and an offer for sale. Revenue rose 36.26% in FY26, while adjusted EBITDA margin improved significantly as fitness operations expanded nationwide.
Federal Bank posted record Q2 profit of Rs 1,386 crore, up 45% year-on-year, as net interest income climbed 26%. Advances grew 22% and deposits 19%, while asset quality improved, with gross NPAs declining to 1.32% during the September quarter.
The Indian rupee strengthened 1.9% this week to close at 94.96 per dollar, its strongest weekly gain in seven months. Aggressive RBI measures curbed dollar demand, while a weaker dollar index supported the currency despite corporate buying pressure.
Five BSE 500 stocks—Shyam Metalics, PVR Inox, Kotak Mahindra Bank, Indian Hotels and Laurus Labs—hit fresh 52-week highs as the Sensex gained 413 points. All five stocks posted monthly gains of around 8% to 15%, signalling positive momentum.
Indian equities extended gains as strong IT earnings lifted sentiment, with the Nifty rising 149 points to 23,146 and Sensex gaining 413 points. Tech Mahindra led advances, while broader markets slipped. Analysts flagged 23,000 as crucial for further upside.
Urban Company reported a net loss of Rs 182 crore in Q2FY27 as investments in its quick services business, InstaHelp, weighed on profitability. Revenue rose 41% year-on-year to Rs 537 crore, while orders grew 103%. The company also approved a fresh capital raise of up to Rs 2,500 crore, subject to shareholder approval.
Yes Bank is expected to post a 48% YoY jump in Q2 net profit to Rs 969 crore, driven by robust loan growth and higher NII. However, investor focus remains on the Supreme Court ruling invalidating its Rs 8,415 crore AT-1 bond write-off, which has pressured the stock.
Bank of England Governor Andrew Bailey said rising energy prices have had limited broader inflationary effects so far, but warned that second-round pressures remain uncertain. With inflation at 3.1%, above the 2% target, policymakers are weighing potential interest rate hikes against economic resilience, rising borrowing costs and geopolitical uncertainty.
Ten stocks held by over 100 mutual fund schemes gained 75% to 205% in CY26 through September. Six of these stocks more than doubled, led by Welspun Corp and MTAR Technologies.
CoreWeave’s share and bond sell-off has intensified concerns over the debt financing behind the AI infrastructure boom. With around $50 billion in debt and bond yields above 16%, investors are questioning whether future AI revenues can justify rising borrowing and infrastructure costs.
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