HDB Financial Services reported a 34% year-on-year increase in Q2FY27 net profit to Rs 780 crore, supported by higher net interest income, loan growth and lower credit costs. The lender expects festive demand and stronger disbursements to drive growth in the second half and declared an interim dividend of Rs 2 per share.
Paramotor Digital Technology has filed updated draft IPO papers with Sebi for a Rs 1,000 crore issue, comprising a fresh issue of Rs 698 crore and an offer for sale of Rs 302 crore. The fintech company plans to use the proceeds primarily for customer acquisition, technology development and business expansion.
Sebi has confirmed interim restrictions on Rajesh Exports and promoter Rajesh Mehta, citing unresolved concerns over financial disclosures, possible misrepresentation and the routing of company funds through personal accounts. The regulator said gaps in consolidated revenue disclosures and missing supporting records remain, while directing the company to maintain accurate financial and related-party disclosures.
Reliance Jio Platforms has highlighted five key strengths in its RHP ahead of its Rs 30,213 crore IPO, including strong revenue growth, profitability, a vast customer base, extensive network infrastructure and proprietary technology. The company also sees growth opportunities in fixed broadband, AI-led services, digital subscriptions and overseas technology monetisation.
Canara Bank reported an 8.4% year-on-year rise in second-quarter net profit to Rs 5,175 crore, supported by higher net interest income and improved asset quality. Net interest income grew 20.4% to Rs 11,005 crore, while lower provisions helped earnings. Global advances rose 19.5%, outpacing deposit growth.
Jio Platforms will open its Rs 30,000 crore IPO for subscription on October 21, with anchor investor bidding scheduled for October 19. The issue could become India’s largest-ever public offering, surpassing Hyundai Motor India’s record IPO. Here are 10 key details on issue size, dates, shareholder quota, financials and valuation.
Akash and Isha Ambani’s birthday on October 23 coincides with the closing day of Reliance Jio’s Rs 30,000 crore IPO. The listing marks a milestone for the telecom and digital business, which the twins have helped shape since its early years, as Jio prepares to enter India’s public markets.
Jio has set the price band for its much-awaited IPO at Rs 1,065-1,119 per share. At the lower end of the price band, Jio Platforms could raise Rs 28,755 crore. At the cap price of Rs 1,119, the IPO size would rise to about Rs 30,213 crore.
Reliance Jio has reserved up to Rs 2,500 crore worth of shares for eligible Reliance Industries shareholders in its upcoming IPO. The quota offers RIL investors a direct route to apply for Jio Platforms shares. The IPO opens on October 21, with anchor investor bidding starting October 19.
In September, the US Treasury yields climbed as the Consumer Price Index (CPI) showed a surprising rise of 0.6% month-over-month and 3.7% year-over-year. This unexpected inflation report heightened the chances of an interest rate hike by the Federal Reserve in December, signaling a potential response to ongoing inflationary pressures. Market sentiments are now leaning toward the anticipation of policy changes from the Fed as they aim to manage inflation effectively.
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