FINANCIAL GROWTH
Turtlemint Q2 net loss narrows 67% to Rs 26 crore, revenue rises 35%
The improvement was driven by an expansion in insurance distribution through Turtlemint's network of advisors, alongside higher renewal income, which carries better margins than commissions earned on new policy sales.
Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out
Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The company will repurchase up to 6.59 crore shares through the tender offer route, with November 25 fixed as the record date. Promoters will not participate.
NPCI to use merchant fees to boost UPI acceptance among small shops
In an effort to boost digital payments, NPCI has launched the UPI Vyapaar Saksham Scheme targeting small businesses in tier-3 to tier-6 towns, including regions like Jammu and Kashmir. This three-year initiative will leverage merchant fees to incentivize banks for onboarding new merchants, aiming to roll out millions of new QR codes and soundboxes, thereby significantly increasing transaction volumes in underserved markets.
Godrej Industries shares rally 10% after Temasek's Rs 2,500 crore investment in Godrej Capital
Godrej Industries shares rose sharply on Thursday after Temasek announced a Rs 2,500 crore investment in Godrej Capital at a valuation of up to Rs 28,000 crore. The group will retain around 80% ownership in the financial services business, which reported assets under management of Rs 35,000 crore in October 2026.
China Central Bank vows stronger policy support to achieve economic growth targets
China's central bank has pledged stronger monetary support and increased policy adjustments to help achieve its annual economic growth targets. The People's Bank of China flagged weak domestic demand, structural challenges and external uncertainties, while promising to keep borrowing costs low and support key sectors, including technology and infrastructure.
Cupid shares rally 8% after Q2 net profit jumps 133% YoY; company raises FY27-FY29 guidance
Cupid shares surged 7.75% to Rs 381.40, hitting a 52-week high after Q2FY27 net profit jumped 133% and revenue rose 122% year-on-year. The company raised FY27–FY29 financial guidance, supported by strong domestic and international demand, expanding retail distribution, new manufacturing capacity and increased promoter and institutional shareholding.
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Kalyan Jewellers shares jump 15% in 2 days as target prices go up to Rs 900. Should you buy?
Kalyan Jewellers shares have rallied sharply over the two sessions after brokerages raised their target prices following strong Q2 earnings and healthy festive demand. With Jefferies seeing a potential upside to Rs 900, investors are weighing the company's growth prospects against margin pressures, gold-price volatility and the stock's sharp recent gains.
India's net direct tax collections rise 11.8% to Rs 14.42 lakh crore from April 1 to Nov 10
India's net direct tax collections recorded an increase of 11.76% to reach Rs 14.42 lakh crore. Gross direct tax collections rose by 14.02%, boosting receipts to Rs 17.50 lakh crore. Corporate tax collections grew by about 17.84%, amounting to Rs 6.32 lakh crore. Non-corporate tax collections saw a rise of 5.30%, increasing to Rs 7.56 lakh crore. Direct tax refunds increased significantly, reaching Rs 3.
Rentomojo revenue rises 53% to Rs 142 crore in Q2
The company's live subscribers rose 42.5% YoY to 3.24 lakh in Q2, while the number of live itemsincreased 44% to 10.5 lakh. Average occupancy improved to 85.9% from 85.3% a year earlier, indicating better utilisation of its furniture and appliance inventory, per its investor deck.
11/11 Portal 2026: What to Write in Your Manifestation Journal? 55+ Affirmations for Love, Money, Career and Success - Powerfull Menifestation Day
The 11/11 Portal 2026 is an opportunity to focus on manifestation, positive affirmations and new beginnings. Discover what to write in your manifestation journal on November 11, including affirmations for love, money, career success, emotional healing and personal growth. Also, explore simple 11:11 manifestation rituals, journaling prompts and things to avoid while setting intentions.
The great Indian money hunt: Why India's shadow banks are pulling in billions of dollars
Blackstone is negotiating a significant investment in IIFL Finance, indicating rising global interest in non-bank lenders. Recent deals include investments by Carlyle and Advent International in housing finance firms. The demand for credit in India is growing, with NBFCs playing a crucial role in accessing underserved markets. Foreign investments in the financial sector have exceeded $20 billion since 2025, reflecting confidence in stability.
Higher input costs drag MRF Q2 net profit down 23%
Tyre maker MRF Ltd reported a 22.8% decline in net profit for the July-September quarter. Revenue from operations saw a growth of 17.4%, reaching Rs 8,660.19 crore compared to the previous year. However, total expenses also rose significantly, driven by sharp increases in raw material costs. The company announced an interim dividend of Rs 3 per share to its shareholders.
Chipmaker Infineon forecasts strong 2027 growth on data-centre demand
The German chipmaker reported fourth-quarter revenue of €4.706 billion ($5.28 billion) and a segment result of €1.119 billion, yielding a segment margin of 23.8%. For the full fiscal year, revenue rose 12% to €16.353 billion, while adjusted free cash flow reached €1.925 billion.
After Years of Hard Work, These 5 Zodiac Signs Could Finally Become Financially Successful
After years of patience, dedication and professional struggles, five zodiac signs could be approaching a promising financial phase. Taurus, Leo, Virgo, Capricorn and Aquarius may find new opportunities for career growth, improved income, business success and long-term financial stability as major planetary movements unfold in 2027.
India's net-zero transition aim by 2070 offers $22.7 tn investment opportunity for global capital
India's push to achieve net-zero emissions by 2070 could unlock a $22.7 trillion investment opportunity across renewable energy, power grids, battery storage, green hydrogen and clean technologies, according to a report by Australian economist Nicki Hutley. The report estimates a $6.5 trillion funding gap, which will require international capital to bridge.
Divi’s Laboratories shares gain another 5% after Q2 results. Here’s why Jefferies raised target price by 23%
Shares of Divi’s Laboratories jumped 5% following a 64% YoY surge in Q2 FY27 net profit to Rs 1,127 crore. Brokerage Jefferies raised its target price by 23% to Rs 12,550, citing robust CDMO business expansion, strong EBITDA margins, and a solid GLP peptide pipeline.
M&M bets on SUV growth, EV expansion and global aerospace orders to drive earnings
Mahindra & Mahindra has unveiled impressive revenue and profit figures, driven largely by the rising popularity of SUVs and electric vehicles. Looking ahead, the company is set to boost production capacity and launch several new vehicles. In contrast, the tractor sector's growth forecast has been adjusted to flat, influenced by unfavorable monsoon conditions and low water levels in reservoirs.
Digital lenders clock 40-50% revenue growth as credit demand surges
Digital lender Kissht's revenue from operations rose 44.7% year-on-year to Rs 732 crore, while Moneyview reported 41% growth to Rs 1,120 crore. MobiKwik's financial services revenue increased 41.8% to Rs 87 crore, while Paytm's financial services distribution revenue grew 49.3% to Rs 912 crore.
TPG invests ₹525 crore in Kirloskar-backed Arka Fincap
The Rise Funds of TPG is planning a significant investment of ₹525 crore into Arka Fincap, backed by the Kirloskar Group. This investment has the potential to be increased to ₹800 crore based on specific performance indicators and regulatory green lights. The funds will support Arka's expansion into secured retail lending and revamp its technological infrastructure.
Mphasis posts 19.6% growth in Q2 profit at Rs 561.1 crore
The Bengaluru-headquartered company's revenue for the three months ended September 30 rose 17.4% from a year earlier and 4.5% sequentially to Rs 4,580.9 crore.
Siemens Q2 Results: Profit grows 5% to Rs 504 crore
Siemens Limited announced a consolidated net profit of Rs 504 crore for the quarter ending September 30, 2026. This represents a 4.78% increase compared to the previous year's profit of Rs 481 crore. Revenue from operations grew significantly to Rs 5,734 crore, up from Rs 4,900 crore a year prior. Additionally, new orders reached Rs 6,228 crore, a notable 38% increase year-over-year.
Daksham Growth Ventures raises Rs 125 cr in first close of maiden consumer fund
Daksham Growth Ventures has completed the first close of its consumer-focused fund, raising approximately Rs 125 crore. The fund is registered as a Category II Alternative Investment Fund and targets a total corpus of Rs 150 crore. It aims to invest between Rs 5-20 crore in early-growth businesses including direct-to-consumer and B2B2C companies. The fund will support companies with governance, brand positioning, and distribution expansion.
Emami bets on winter demand as inflation keeps a lid on growth
Emami Ltd announced a 36% increase in consolidated revenue for the second quarter, reaching Rs 1,088 crore. Despite rising input costs, the company has seen positive trends in its winter portfolio and rural demand. The net profit declined by 3% due to changes in the effective tax rate. Emami has implemented price hikes to offset raw material inflation while focusing on cost-efficiency.
EPL Q2 Results: Profit rises 4% YoY to Rs 111 crore
EPL reported a notable 4.52% increase in net profit, reaching Rs 110.9 crore for the September quarter of FY27. With revenues from operations climbing to Rs 1,567.4 crore, a 30% year-on-year growth, the Beauty & Cosmetics and Oral Care segments played pivotal roles. Despite higher expenses, the EBITDA margins held strong above 20%. Looking forward, EPL is set to focus on sustained revenue growth and stable profit margins.
Mahindra rides the SUV boom, but margins feel the cost squeeze
Mahindra & Mahindra reported a 25% increase in consolidated profit driven by strong SUV sales. The company's auto business grew significantly, while the farm division faced challenges with lower tractor volumes. Despite the overall profit growth, rising commodity costs pressured operating margins in the auto sector. Additionally, Mahindra's finance and technology divisions contributed positively to the overall performance.
Aptus Value Housing Finance Q2 profit rises 18% to Rs 267 cr
Aptus Value Housing Finance India achieved a remarkable net profit of Rs 267 crore in the second quarter, signifying strong financial growth. The total income surged to Rs 634 crore, up from Rs 554 crore the year prior. Additionally, interest income climbed to Rs 551 crore from Rs 472 crore.
IndiQube reports Rs 475 crore revenue during Q2 FY27
IndiQube has reported impressive financial growth in Q2 FY27, achieving a revenue of Rs 475 crore, which marks a 34% increase from the previous year. With a total H1 revenue of Rs 904 crore, the company is on a strong upward trajectory. PAT surged by 66% to Rs 92 crore, while EBITDA saw a 40% rise to Rs 105 crore. Currently, IndiQube operates over 10 million sq. ft.
Diwali 2026 Financial Horoscope: 5 Zodiac Signs Could Attract Financial Growth and Money Opportunities This Festive Season
The Diwali season brings renewed optimism, and in astrology, it is also associated with opportunities to reassess money, career growth and financial goals. In 2026, some zodiac signs may find it easier to recognise new earning opportunities, strengthen savings or receive support that improves their financial outlook. But which zodiac signs could experience the biggest financial boost this festive season?
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