30October
Adani Power Posts ₹2,953 Crore Profit in Q2 FY26, Down 11% YoY Despite Stable Revenue and EBITDA
Adani Power Ltd. reported a consolidated net profit of ₹2,953 crore for the second quarter of FY26, marking an 11% year-on-year decline compared to ₹3,332 crore in the same period last year. Despite the dip in profitability, the company maintained a stable revenue and EBITDA performance, reflecting operational resilience amid rising costs and acquisition-related expenses. Financial Highlights: Q2 FY26 Adani Power’s revenue from operations stood at ₹13,457 crore for the quarter ending September 30, 2025,
Read More
The Indian equity market is poised for a critical technical inflection point as Nifty 50 hovers near the 25,700 support zone and Bank Nifty tests the 58,000 threshold. A breach below these levels could shift momentum decisively in favor of the bears, while a bounce may revive bullish sentiment heading into November. Nifty 50: Support Under Pressure The Nifty 50 index has retraced sharply after touching a high of 26,104 in late October, erasing gains
Read More
In a strategic move ahead of Lenskart’s highly anticipated IPO, SBI Mutual Fund has acquired a stake worth ₹100 crore in the eyewear retailer. The transaction was executed through its Alternative Investment Funds—SBI Optimal Equity Fund and SBI Emergent Fund—at a share transfer price of ₹402 per share. This investment values Lenskart at approximately ₹70,000 crore, a significant jump from its previous valuation of around $5 billion in 2024The New Indian Express. Lenskart’s IPO Momentum
Read More
The Indian equity benchmarks ended Wednesday’s session in the green, buoyed by broad-based buying and global cues. The Sensex climbed 368.97 points (0.44%) to close at 84,997.13, while the Nifty 50 gained 117.70 points (0.45%) to settle at 26,053.90, marking a significant milestone as Nifty closed above 26,000 for the first time in 2025. This rally comes ahead of the anticipated U.S. Federal Reserve rate decision, with investors hopeful for a dovish stance that could
Read More
India’s smartphone exports surged to an all-time high of $1.8 billion in September 2025, marking a 100% year-on-year growth and underscoring the country’s rising dominance in global electronics manufacturing. This milestone reflects the success of government-backed initiatives and the growing efficiency of India’s mobile production ecosystem. Export Boom Driven by PLI Scheme and Global Demand According to data from the Department of Commerce and estimates by the India Cellular & Electronics Association (ICEA), the September
Read More
