Hindalco Industries shares fell over 6% after its US subsidiary Novelis said a fire at its New York plant will dent FY26 free cash flow by up to $650 million and EBITDA by $150 million.Read More

Suzlon Energy posted a 538% YoY jump in Q2FY26 profit to Rs 1,279 crore, its best in 30 years. Despite strong earnings, Motilal Oswal and Nuvama cut target prices citing valuation resets and moderated long-term growth expectations.Read More

The dollar held steady near recent highs as riskier assets rebounded, while sterling remained subdued ahead of a Bank of England meeting. Investors anticipate a dovish tone from the BoE, with a rate cut expected early next year. The Australian and New Zealand dollars saw gains, tracking a recovery in stock markets, despite rising U.S....Read More

Groww’s IPO enters Day 2 with 57% subscription and strong retail demand, while brokerages including SBI Securities, Religare, and Anand Rathi recommend a ‘Subscribe’ rating. The IPO, trading at a 14.75% grey market premium, reflects strong retail participation and optimism around the fintech’s robust growth and profitability.Read More

Britannia Industries’ Q2 profit rose 23% YoY to Rs 655 crore, driven by cost control and stable commodity prices. The company also appointed Rakshit Hargave as its new CEO.Read More

Mutual funds are investing in IPO anchor books, raising concerns about potential overvaluation. Fund houses clarify their rationale, emphasizing long-term potential and portfolio fit over hype. Exposures remain minimal, guided by strict regulatory frameworks and internal research models evaluating business fundamentals, governance, and market position.Read More

Delhivery shares: Delhivery’s shares dropped 8.5% after the logistics firm reported a Rs 50.38 crore net loss in Q2 FY26, despite record shipment volumes and revenue growth. The company also announced a CFO transition, with Vivek Pabari set to take over from Amit Agarwal in January 2026.Read More

Indian stocks surged on Thursday, led by strong quarterly results from Sun Pharma and Britannia. The inclusion of four Indian firms in the MSCI index further boosted sentiment, with major indices seeing gains. While broader markets remained flat, specific stocks like Paytm also experienced significant upward movement, attracting foreign investment interest.Read More

In an encouraging shift on Thursday, the Indian Rupee gained 8 paise versus the US Dollar, finishing the day at 88.62. This ascent was partly fueled by a softer dollar and lower crude oil rates, alongside supportive sentiment from strong domestic equity performances. However, the influence of foreign investor sell-offs tempered what could have been...Read More

Grasim Industries shares: The company reported a 76% year-on-year rise in consolidated net profit for Q2 FY26 to ₹553.48 crore, up from ₹314.63 crore a year earlier.Read More