DEBENTURES
Capital gains on debt funds and bonds updated: What are changes for Tax Year 2026?
For many investors, debt products like debt mutual funds, debentures, listed and unlisted bonds, market linked debentures still hold utmost importance. However, before investing, know the income tax treatment of different types of debt assets.
SP Group arm to tap bond pipeline to raise Rs 1,500 crore
Shapoorji Pallonji Group's financing unit Eqyizen Investment is planning to raise ₹1,500 crore through a tap issue. The fundraising is scheduled around November 23 and will support refinancing efforts and liquidity needs. Proceeds will be allocated for repaying existing bondholders and funding group entities. The company aims to negotiate with bondholders to relax existing covenants governing the use of proceeds.
NCLT approves Ashdan Properties' resolution plan for Sunblink Real Estate
The National Company Law Tribunal approved Ashdan Properties' resolution plan for Sunblink Real Estate, which involved significant creditor dues. Sunblink Real Estate's insolvency proceedings were initiated over a default related to financial obligations. The properties in question include sea-facing buildings in Mumbai's Worli area, acquired previously from entities linked to Iqbal Mirchi. The resolution plan allocates Rs 143 crore to the secured financial creditor Piramal Finance over several instalments.
Scripbox shareholders approve conversion into public company ahead of IPO
At an extraordinary general meeting on October 19, shareholders approved the change of the Accel-backed startup's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited, along with amendments to its constitutional documents, according to regulatory filings reviewed by ET.
There is a wider acceptance of hybrid capital with the lack of options beyond bank lending: Bain Capital’s Sarit Chopra
Special Situations team of the Boston based PE group has deployed $1.2 bn in CY26; aims at $1 bn/yr momentum. From funding cross border M&As by India Inc to carve outs or helping promoter’s deleverage their balance sheets, new opportunities are mushrooming.
ONGC Q2 Results: Consolidated PAT jumps 47% YoY to Rs 18,535 crore; co declares interim dividend Rs 8/share
ONGC reported a 46.9% YoY rise in consolidated Q2 FY27 profit to Rs 18,534.82 crore, while revenue grew 25.6%. The company declared an Rs 8 interim dividend and approved a Rs 10,000 crore loan to ONGC Videsh.
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Titan's jewellery, watches, Eyecare businesses post strong Q2 growth; net profit more than doubles
Titan Company experienced significant growth in its various segments, particularly in jewellery and watches. The jewellery division generated Rs 17,495 crore in revenue, reflecting a 24% increase. Additionally, international jewellery revenue saw a substantial rise of 105%. Profit after tax also grew significantly, reaching Rs 1,722 crore, up 54% year-on-year. The board approved a plan to raise up to Rs 2,500 crore through debentures.
Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE deal
Persistent Systems has made waves in the financial market by securing ₹7,600 crore through non-convertible debentures aimed at funding its acquisition of Nagarro SE. This bold move saw bonds varying from two to three years issued, with demand soaring above ₹15,000 crore, attracting top investors. Additionally, the company successfully raised ₹600 crore with a one-year commercial paper at an impressive 8.75%.
ShareChat’s FY26 revenue jumps 40% to Rs 1,016 crore on microdrama push; net loss widens
However, its loss before tax widened to Rs 1,978 crore in FY26 from Rs 1,105 crore in the previous year, largely due to higher accounting expenses related to its convertible debt instruments, forex losses and employee stock ownership plans (ESOPs), cofounder and CFO Manohar Singh Charan told ET.
Jubilant Pharmova plans to raise Rs 800 crore via maiden bond issue
Jubilant Pharmova has announced plans to secure ₹800 crore via its first bond issuance within the local market, featuring ₹400 crore as the base amount and an equal greenshoe option. The capital raised will be primarily allocated to the company’s capital expenditure and upcoming expansion efforts. Subscriptions are anticipated chiefly from mutual funds and asset managers, making this a significant moment in the company's bond market debut.
Sold property? You may pay zero tax if these Section 82 rules under Income Tax Act 2025 are met
For Tax Year 2026-2027, Income Tax Act, 2025 is applicable and this means you need to be versed with the renumbered Sections in order to continue your financial plan as usual. If you want to claim income tax exemption on selling property then note that Section 54 is now renumbered as Section 82 of the Income Tax Act, 2025.
NCLT voids Rs 525-cr guarantee, Mumbai land transfer in JLS Realty dispute
The NCLT has invalidated multiple transactions involving JLS Realty Pvt Ltd, including its transfer of redevelopment land. The tribunal found that the transfer to Spenta Suncity lacked commercial benefit and involved financial obligations. Management changes made in February 2021 were deemed invalid due to improper procedures and lack of justification. Additionally, share transfer claims by IIFL were ruled as unproven and unsubstantiated during the tribunal's examination.
Oil-to-chemicals business powers Reliance Industries' record quarterly net profit, up 34% to ₹29,550 crore
Reliance Industries Ltd has set a new benchmark with a record net profit of ₹29,550 crore for the September quarter, fueled by significant advancements in the oil-to-chemicals and digital segments. With a yearly revenue surge of 28.5% to ₹3.38 lakh crore, the O2C division's Ebitda skyrocketed 68%, reflecting the advantages of elevated energy prices and the firm’s adaptability in challenging market scenarios.
Reliance Industries Q2 Results: Profit shoots up 41% YoY to Rs 25,548 crore, revenue surges 29%
Reliance Industries Q2 Results: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a 41% year-on-year (YoY) growth in consolidated net profit to Rs 25,548 crore for the September quarter of FY27, compared with Rs 18,165 crore in the corresponding period last year.
Adani Energy Solutions gets CCI approval for Rs 3,050-crore IntelliSmart acquisition
The Competition Commission of India (CCI) has approved Adani Energy Solutions' Rs 3,050-crore acquisition of IntelliSmart Infrastructure. The transaction involves acquiring 100% of IntelliSmart's equity from NIIF and EESL, along with the redemption of optionally convertible debentures held by NIIF, expanding AESL's presence in the smart metering business.
Reliance Industries announces fundraising, to raise Rs 15,000 crore through NCDs
Reliance Industries has approved plans to raise up to Rs 15,000 crore through non-convertible debentures via private placement. The fundraising announcement came with the company's Q2 earnings where it reported a 41% year-on-year rise in net profit to Rs 25,548 crore.
Stocks in news: RIL, Jio, Trent, Suzlon Energy, IndiGo, Vedanta Power and RVNL
On Thursday, Indian equities experienced a recovery, with Nifty closing above the 22,900 mark. Stocks such as Reliance Industries, Jio Platforms, and IndiGo are expected to remain in focus. Several companies reported varied profit results for the September quarter, impacting market sentiment. Regulatory developments and credit rating updates are also being closely monitored by investors. The upcoming earnings announcements from notable companies will further influence market activity.
Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance Ministry
PHDCCI has recommended abolishing Long Term Capital Gains tax and modifying short-term capital gains taxes. The chamber suggests increasing the holding period for long-term investments to attract genuine investors. It emphasizes that current tax structures discourage investment due to double taxation on equities. Foreign Portfolio Investors have withdrawn significant funds from Indian equities, impacting investment levels. Government analysis of these recommendations may lead to changes in tax policy and structure.
Persistent Systems to raise Rs 6,000 crore via NCDs for Nagarro deal
Persistent Systems plans to raise more than ₹6,000 crore through non-convertible debentures for its Nagarro SE acquisition. The company successfully completed a QIP earlier this week, raising ₹4,264 crore. NCDs will range from one to five years, averaging three years in maturity. Persistent secured 94% of Nagarro shares after receiving shareholder offers this month. The total acquisition value is around $1.25 billion, with additional debt financing to be arranged.
SEBI to make direct mutual fund plans default from November 1; reviews IPO and SME listing rules: Reports
SEBI will make direct mutual fund plans the default option on AMC digital platforms starting November 1, while investors choosing regular plans must be informed about their higher costs. The regulator is also reviewing IPO frameworks, simplifying market regulations and expanding the use of AI to strengthen supervision and investor protection.
JSW Energy Q2 profit jumps 50%; 3 gigawatt target on track
JSW Energy has reported a 49.9% year-on-year increase in consolidated net profit for the second quarter. The company's consolidated revenue from operations rose by 23%, showcasing significant growth over the last year. During this quarter, JSW Energy added 813 MW of capacity, including substantial renewable energy projects. The company aims to achieve a capacity addition target of 3 GW by the end of FY27.
Jio Platforms shares surge 21% on debut, overtake Airtel in market cap
Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from millions of subscribers.
RIL shares in focus ahead of Oct 30 earnings, fundraising decision; all eyes on Jio’s mega listing
Reliance Industries will remain in focus ahead of its October 30 board meeting to approve Q2 FY27 results and consider raising funds through non-convertible debentures (NCDs). The fundraising amount and other terms have not been disclosed. Investors will also track RIL as its telecom arm, Jio Platforms, makes its stock market debut, potentially emerging as India’s second-most valuable listed company.
Stocks in news: Jio Platforms, RIL, Infosys, L&T, Tata Capital, Waaree Energies and Vedanta Iron
Indian benchmark indices saw a volatile session amid the Nifty and Bank Nifty monthly expiry. Stocks like Jio Platforms made headlines following its IPO debut after raising significant funds. Reliance Industries remained a focus as its financial results and fundraising plans were announced. Infosys successfully implemented a transformation project for Syngenta, enhancing operations and governance. Tata Capital reported a substantial profit increase, driven by loan growth and higher interest income.
RIL to announce Q2 results on October 30, board to also consider fundraising
Reliance Industries will announce its September-quarter results on October 30, alongside considering fundraising through non-convertible debentures. Investors will track performance across O2C, telecom, retail and energy businesses amid share price weakness and market uncertainty.
Sebi extends deadline for debenture trustees to comply with norms till April 2027
Sebi has extended the deadline for debenture trustees to comply with regulatory requirements by six months. The new deadline for compliance is now set for April 27, 2027. This extension was granted after receiving industry feedback about operational challenges faced by debenture trustees. The regulator is currently reviewing the regulatory framework related to debenture trustees through an Expert Working Group.
Stocks in news: Paytm, Tata Consumer, Dalmia Bharat, REC and DCM Shriram
Indian equity markets showed recovery with a rise in NSE Nifty 50, ending a four-session losing streak. Several companies reported their September-quarter earnings, highlighting varying financial performances. Paytm experienced significant profit growth, while Dalmia Bharat reported a net loss due to an exceptional charge. Defence stocks are also in focus following government procurement approvals. Investors continue to track earnings reports and related developments in the market.
Yes Bank unlikely to pay AT1 bond coupons despite bond holders demand, sources say
Yes Bank has announced potential non-payment of coupons on additional tier-1 bonds this fiscal year following a Supreme Court decision that annulled the previous write-off of these bonds. Bondholders are advocating for repayment based on the court's ruling, which emphasizes unsettled dues. Nonetheless, Yes Bank maintains it has ultimate authority over coupon payments, raising concerns about its financial losses impacting these obligations.
Sun Pharma to raise Rs 10,000 crore to part-finance Organon deal
Sun Pharmaceutical Industries plans to raise ₹10,000 crore through two tranches of rupee-denominated bonds. The funds will help refinance bridge loans taken for the Organon acquisition valued at $11.75 billion. The first tranche will amount to ₹7,000 crore with a coupon rate of 8.20%. Institutional investors are expected to participate, including notable companies like SBI Pension Fund and ICICI Prudential Mutual Fund.
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