RS 11 LAKH CRORE VALUATION
Reliance Industries shares gain 3% as JIO IPO inches closer; Jefferies increases weight in conglomerate
Reliance Industries is preparing for the IPO of Jio Platforms scheduled to launch on October 21. The valuation of Jio Platforms is reported at Rs 11 lakh crore, making it highly anticipated. The public issue is expected to attract significant attention as it opens for subscription. Jefferies has raised its weight on Reliance Industries due to attractive valuations amid improving conditions.
Experion Developers plans Rs 10,000 crore investment to build 3,000 luxury homes, plots in 5 years
Experion Developers, an Indian real estate platform, plans to invest Rs 10,000 crore in luxury homes. The investment will facilitate the development of approximately 3000 homes and plots over five years. Most of the projects will be located in the National Capital Region, with others in Amritsar, Lucknow, and Goa. The focus of the developments will center around wellness and environmentally responsible construction methods.
Ambani’s Jio said to seek about Rs 11 lakh crore valuation in IPO
Jio Platforms is reportedly seeking a valuation of around Rs 11 lakh crore for its planned IPO, below earlier estimates of up to $170 billion. The telecom and digital services arm of Reliance Industries could launch the issue in the week of October 19 and list before October 30, Bloomberg reported.
Kotak Mahindra Bank shares jump 4% as Q2 net advances rise 25% YoY, deposits up 23%
Kotak Mahindra Bank's net advances increased 25% year-on-year to Rs 5.77 lakh crore in Q2 FY27. Total deposits rose more than 23% year-on-year to Rs 6.51 lakh crore during the same period. CASA deposits reached Rs 2.49 lakh crore, reflecting an 11% growth compared to last year. Anup Kumar Saha has been appointed as the new CEO, effective January 1, 2027.
Axis Bank shares in focus after Q2 biz update shows 23% rise in gross advances to Rs 13.8 lakh crore
Axis Bank reported a 22.7% YoY rise in gross advances to Rs 13.846 lakh crore in Q2, while total deposits grew 20.7% to Rs 14.521 lakh crore. The bank also disclosed FCNR(B) deposit mobilisation and a senior management resignation.
Stocks in news: Vedanta, Kotak Mahindra Bank, Marico, Axis Bank, Trent and Zydus Lifesciences
Indian equity markets showed signs of recovery on Monday after softer-than-expected US jobs data was released. The Nifty 50 index ended the session up, suggesting improved investor confidence. Investors are watching key corporate updates from companies like Vedanta and Kotak Mahindra Bank for future trends. Firms reported various operational advancements and financial performance improvements for the quarter. The overall sentiment in the market remains cautiously optimistic amid external economic influences.
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Axis Bank’s gross advances rise 23% YoY to Rs 13.85 lakh crore in Q2, deposits up 21%
Axis Bank’s gross advances rose 22.7% year-on-year to Rs 13.846 lakh crore by September 30, 2026, while deposits increased 20.7% to Rs 14.521 lakh crore. CASA deposits grew 10.6%, with FCNR(B) flows significantly influencing deposit and loan growth.
Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT Mumbai
Wife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs 67 lakh; she claimed it’s ancestral and wins relief in ITAT Mumbai.
Q2 business update impact: PNB, Bank of Baroda, AU Small Finance Bank shares jump up to 4%. What lies ahead?
Shares of Punjab National Bank, Bank of Baroda and AU Small Finance Bank rose up to 4% after strong Q2 business updates. Deposits and advances recorded robust year-on-year growth across the lenders, boosting investor sentiment. Analysts expect loan growth momentum to continue, though near-term margins could remain under pressure amid surplus liquidity.
MF Tracker: Nippon India Taiwan Equity Fund tops 1-year return chart with 118% gains. Can the strong performance continue?
The Nippon India Taiwan Equity Fund has achieved impressive returns exceeding 118% over the last year, driven largely by Taiwan's booming technology and semiconductor industries. This fund targets long-term capital appreciation via equity investments. However, investors should temper their expectations due to increasing valuations, emphasizing the necessity for a diversified portfolio and thoughtful investment strategies for international allocations.
Bajaj Finance shares jump 5% after Q2 business update. Why Jefferies sees 35% upside in its top pick?
Bajaj Finance shares rose sharply on Monday after the NBFC reported 26.5% YoY growth in Q2 FY27 AUM to nearly Rs 5.85 lakh crore. Jefferies retained its Buy rating and Rs 1,280 target price, implying 35% upside, and reaffirmed Bajaj Finance as a top pick, citing strong AUM growth.
HDFC Bank shares rise 2% after appointing Anup Bagchi as new CEO, Q2 biz update. Buy, sell or hold?
HDFC Bank shares rose after Anup Bagchi was appointed as the bank’s new MD & CEO, ending months of uncertainty over its top leadership. Brokerages Jefferies, Morgan Stanley and Citi retained positive ratings on the stock, citing clarity on succession and potential for a re-rating. The bank also reported strong loan and deposit growth in Q2.
Techie starts growing moringa and vegetables on balcony after high BP due to job, develops a passion for farming, quits Rs 1 lakh per month IT job and builds organic farming business with Rs 30 lakh turnover
Jitender Mann quit his lucrative IT job to pursue organic farming after a health scare. He began growing moringa and other greens on his Delhi terrace as a personal project. This small experiment eventually evolved into a successful organic farming venture with a turnover of Rs 30 lakh. Mann's journey illustrates how personal experiences can lead to significant career changes.
RBI repo rate may climb to 6% in FY27; G-Sec yields face upward pressure: Report
RBI is expected to raise the repo rate by 25 basis points in October, with one or two more hikes possible in FY27, taking the benchmark rate to 5.75-6%, according to a Union Bank of India report.
Betting syndicate seeks to ride AI wave, ED suspects over ₹2,000 crore funnelled abroad as ‘AI investments’
ED’s Parimatch probe first unearthed betting syndicate’s ‘AI investment’ modus. The Enforcement Directorate suspects illegal betting networks may have moved more than Rs 2,000 crore out of India by disguising proceeds as overseas investments in technology and AI companies. The probe, including into Parimatch, is examining layered transactions, inflated valuations and offshore entities allegedly used to route funds to ultimate beneficiaries.
Bajaj Finance set to mop up Rs 17,500 crore via QIP, warrants
Bajaj Finance intends to raise ₹17,500 crore through share sales and warrants to fuel its growth. The company's board approved plans for ₹11,700 crore via a qualified institutional placement and ₹5,800 crore through warrants for its promoter. A shareholder meeting will be convened to approve the proposed QIP. This marks the first major fundraising effort since the previous capital raise in November 2023.
ET Graphics: Factory engine revs up jobs and earnings rise
India’s factory workforce crossed 20 million in 2024-25, driven by gains in West Bengal, Telangana, Maharashtra and Uttar Pradesh and sectors such as food products and electrical equipment. Industrial GVA rose 9.6% to Rs 26.9 lakh crore, while average earnings increased to Rs 3.8 lakh. Productivity edged up to Rs 11 lakh per worker.
Moneyview closes 67% above IPO price, boosts paper gains for Ribbit, Accel
Moneyview’s Rs 1,092-crore IPO comprised a fresh issue of Rs 750 crore and an OFS of about Rs 342 crore. The issue was subscribed 98.46 times, led by qualified institutional buyers whose portion was subscribed 227.45 times.
$2 billion gone in two days! FIIs accelerate selling as Nifty, Sensex set to fall for 8th week running. Will they make a comeback?
Foreign institutional investors pulled out over Rs 20,000 crore from Indian equities in two trading sessions as the Nifty and Sensex head for an eighth straight weekly decline. Elevated crude prices, high US bond yields and rate concerns have weighed on sentiment, while analysts differ on the outlook for foreign inflows.
Credit card dues, consumer durable loans slow as gold loans surge; RBI data shows shift to secured borrowing
Indian households are increasingly opting for secured loans, particularly against gold, which surged significantly. Credit card dues and consumer durable loans have shown minimal growth, reflecting a shift in borrowing behavior. Personal loans continue to grow, contributing substantially to overall bank credit, which rose markedly. Loans against gold jewellery increased substantially in percentage terms, likely aided by a favorable base effect.
Property bought for ₹1.23 crore, its market value rose to ₹1.46 crore: Why ITAT Kolkata gave homebuyer ₹11.35 lakh tax relief
A recent ITAT ruling highlights a crucial tax issue for property buyers: an increase in stamp duty value between the agreement and registration dates doesn't automatically lead to tax liabilities. Taxpayers can protect themselves by documenting payments through banking channels and ensuring conditions are met. This case emphasizes the importance of strategic financial planning in real estate transactions.
Nityas Gems & Jewellery IPO Day 2: Check GMP, subscription status; should you subscribe?
The Rs 108.35-crore Nityas Gems & Jewellery IPO entered day 2 of bidding with a 20% overall subscription and a 7% grey market premium. Brokerage Anand Rathi assigned a Subscribe for Long Term rating, citing exposure to lab-grown diamond jewellery despite fully priced valuations.
Personal loan growth rises to 16.9% in August: RBI
Bank credit growth strengthened across major sectors in August, with personal loans rising 16.9% year-on-year to ₹72.9 lakh crore, up from 11.9% a year earlier, RBI data showed.
India's fiscal deficit for April-August at Rs 7.10 lakh crore, widens to 41.9% of FY27 aim
As FY27 progresses, India's fiscal deficit climbed to an alarming Rs 7.10 lakh crore within the first five months, representing 41.9% of the projected budget for the year. The total receipts amounted to Rs 13.68 lakh crore, aligning at 37.5% of the total budget. Meanwhile, government spending hit Rs 20.78 lakh crore, with major subsidies also rising to Rs 1.87 lakh crore amidst continuing fiscal challenges.
HDFC Flexi Cap Fund turns Rs 10,000 SIP into Rs 23 crore in 31 years, AUM crosses Rs 1 lakh crore
HDFC Flexi Cap Fund turned a Rs 10,000 monthly SIP into Rs 22.96 cr in nearly 31 years. The fund has delivered a CAGR of 18.37% since inception and outperformed the NIFTY 500 Index (TRI) in 21 of 31 calendar years.
Rs 57 lakh remote job vs Rs 68 lakh Bengaluru offer: Techie asks if the difference is worth the travel from Madurai every week
A software engineer earning Rs 57 lakh at a fully remote startup is considering a Rs 68.2 lakh base-and-bonus offer from a public US SaaS company that requires two days a week in Bengaluru. The move could also mean spending around Rs 17 lakh to exercise existing startup options. His plan for weekly overnight train journeys between Madurai and Bengaluru has sparked varied reactions on Reddit.
NSE shares fall 2%, slip below IPO price, but analysts’ target prices go up to Rs 2,050. Time to buy?
NSE slipped below their Rs 1,785 IPO price on Monday, taking its market capitalisation to Rs 4.36 lakh crore. Despite the decline, brokerages remain positive on the stock, with Macquarie, Emkay and PL Capital setting target prices between Rs 1,950 and Rs 2,050, citing its market leadership and growth prospects.
Rs 4 lakh crore loss! Why India's storied consumer stocks are languishing near the bottom in 2026
In India, major consumer stocks have suffered a staggering drop, with market values plummeting by nearly Rs 4 lakh crore. Even with an uptick in demand, FMCG firms like ITC and Hindustan Unilever are facing profound losses in market cap this year. Rising input costs, despite signs of consumption recovery, are tightening margins.
Indian markets struggle to keep pace with global peers amid oil, rupee and geopolitical pressures
Foreign Portfolio Investors have withdrawn significant funds from Indian equities, resulting in notable market losses. Meanwhile, domestic mutual fund inflows have provided some support, mitigating these losses. Sectoral performance has varied, with IT and FMCG experiencing declines amid external challenges. Valuations in India have cooled, making the market comparatively cheaper relative to global peers. Overall, the Indian market's resilience has been tested amid various economic pressures.
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