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Bank of Maharashtra reported a 23% jump in net profit to Rs 1,633 crore for September quarter, driven by a 16% rise in net interest income. Pre-provision operating profit increased 17%, while asset quality remained stable and deposits grew 12%.
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Following Tata Motors’ demerger, the commercial vehicle unit is valued at Rs 260.75 per share, while the parent now focuses on passenger vehicles and JLR. Analysts call the split a “value unlocking” move, offering investors clearer visibility and sharper business focus for both entities.
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Benchmark indices Sensex and Nifty fell for a second straight session amid broad-based selling led by PSU banks, pharma and metal stocks. LG Electronics debuted strongly, MapmyIndia surged on MoU buzz, IREDA and MCX gained, while Tata Motors fell post-demerger.
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Wealth management veteran Anand Rathi says inflows have doubled year-on-year as clients continue long-term investing despite market volatility. The firm has already achieved over 50% of its FY26 revenue and profit targets, with stable 40–45% margins. Rathi remains bullish on infrastructure, banking, and consumption sectors while advising caution on gold
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Indian benchmark indices Sensex and Nifty closed lower for a second straight day, impacted by a decline in financial stocks. In contrast, LG Electronics India achieved a remarkable market debut, listing at a significant 50% premium to its issue price, marking the strongest IPO debut since 2021.
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Euro zone government bond yields hit fresh multi-week lows on Tuesday, as concerns over U.S.-China trade tensions overshadowed France’s ongoing political stalemate.
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RRP Semiconductor, whose stock has soared over 13,000% in a year, refuted viral claims linking Sachin Tendulkar to the company. In a BSE filing, it clarified that Tendulkar neither holds shares nor has any association with the firm, attributing the price surge to false social media speculation.
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Prabhudas Lilladher Capital has hiked its 12-month Nifty target to 28,781, expecting sustained domestic outperformance driven by banks, autos, NBFCs, and metals. The brokerage added five high-conviction stocks, projecting 12% annual EPS growth and highlighting rising consumption, robust government capex, and lower interest rates as key growth catalysts.
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The rupee depreciated 12 paise to revisit its all-time low of 88.80 (provisional) against the US dollar on Tuesday, weighed down by negative domestic equities and overnight gains in the American currency.
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Realty developer Anant Raj has successfully raised Rs 1,100 crore through a qualified institutional placement. This significant funding will fuel the expansion of its data center and cloud infrastructure business. The company aims for substantial growth in this vertical, projecting USD 1 billion in revenue by FY32. Anant Raj is also increasing its IT load...
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