Ashok Leyland reported a record consolidated net profit of ₹820 crore in the September quarter, a 7% increase year-on-year, driven by broad-based segment recovery and operational efficiencies. Consolidated revenue also rose 13% to ₹12,577 crore, with the company achieving its 12th consecutive quarter of double-digit Ebitda margin.Read More

Bitcoin faces a major challenge as key institutional investors withdraw support. This retreat follows a difficult October, halting Bitcoin’s recovery. Previously, these large buyers drove the digital currency’s value and legitimacy. Their absence now creates market disengagement, impacting expectations for Bitcoin’s future performance. Investors are observing this shift closely.Read More

Fujiyama Power Systems is set to raise ₹828 crore via IPO to boost solar panel and battery production, aiming to reduce import reliance. The company has shown impressive revenue and profit growth, with expanding EBITDA margins. Despite elevated debt, its valuation appears attractive compared to peers, making it a compelling option for risk-tolerant investors.Read More

The Indian rupee’s trading range has significantly tightened recently. This is due to increased intervention by the Reserve Bank of India. The central bank is actively managing the currency to prevent it from reaching record low levels. This strategy marks a shift in policy. Market participants are observing the RBI’s actions closely.Read More

A Sebi-formed committee has proposed classifying the Sebi chairman and whole-time members as ‘insiders’ under insider trading rules. This move aims to prevent them from trading on price-sensitive information, aligning Sebi with global regulatory practices and addressing past conflict-of-interest concerns.Read More

Billionbrains Garage Ventures, the parent of broking firm Groww, made a strong debut on the stock market. The company’s shares listed at a premium, surpassing initial expectations. The IPO saw significant subscription across investor categories. Groww’s market capitalization now stands considerably higher than its peers, indicating strong investor confidence in its future prospects.Read More

Indian stock markets surged for a third consecutive day, with Nifty and Sensex logging significant gains. Positive sentiment was driven by US President Trump’s remarks on reducing tariffs on Indian exports and expectations of an NDA victory in Bihar. IT stocks led the rally, buoyed by a softened stance on H-1B visas.Read More

Kinara Capital is negotiating a debt recast with international lenders for approximately ₹1,150 crore. The company is also finalizing a one-time settlement with domestic lenders. Kinara aims to raise about ₹200 crore from strategic investors to strengthen its capital base. The firm has stopped new lending and is focusing on collections.Read More

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Fujiyama Power Systems (UTL Solar) has secured ₹247 crore from 15 anchor investors ahead of its IPO, which opens on Thursday. The company, a roof-top solar manufacturer, allocated over 1.08 crore equity shares at ₹228 per share. Nippon India Mutual Fund and Tata Mutual Fund were significant participants in the anchor allocation.Read More