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Kotak Mahindra Bank shares fall over 3% after Q1 update; advances jump 15% to Rs 5.12 lakh crore
Kotak Mahindra Bank's shares dipped over 3% following its Q1 FY27 business update. While net advances saw a healthy 15% year-on-year jump to Rs 5.12 lakh crore, and total deposits grew nearly 12%, a sequential slowdown in deposit growth and a dip in current and savings account deposits may have concerned investors. The bank also recently announced the acquisition of Deutsche Bank's India retail and wealth management business.
L&T Fin to AU Small Fin — Seven NBFC stocks that will react to their Q1 updates today
AU Small Finance Bank's total deposits crossed the mark of ₹1.5 lakh crore, while L&T Finance's retail disbursements were up 36% from last year.
Kotak Mahindra Bank Q1 net advances rise 15%, total deposits up nearly 12%
Kotak Mahindra Bank reported Q1 business growth: advances up 15.1%, CASA up 10.2%, total deposits up 11.7%. It will acquire Deutsche Bank's India retail, private, wealth businesses for Rs 281.7 crore.
Senco Gold Ltd opens 8 new stores in Q1, targets 12-15 additional outlets this fiscal year
Senco Gold has significantly expanded its retail presence, adding eight new showrooms in the first quarter of FY27, bringing its total to 208 outlets. The company reported a robust 60% year-on-year revenue growth, driven by strong festive demand and a 38% rise in same-store sales. Despite challenges like higher gold prices and increased customs duty, Senco's diamond jewellery segment showed impressive growth, with plans to further expand through franchising.
India real estate attracts USD 2.9 billion in Q2 Calender Year 2026; Chennai, Bengaluru drive 27% inflows
The report said domestic investments more than doubled to USD 1.33 billion during the quarter, accounting for 46 per cent of the total inflows. Foreign investments stood at USD 1.54 billion, contributing 54 per cent of the total despite global trade and capital deployment uncertainties arising from the West Asia crisis. The inflows were supported by select large transactions.
Aastha Spintex IPO listing date next week. Here’s what GMP signals about share debut
Aastha Spintex IPO was subscribed 3.30 times in total. The public issue was booked 1.27 times in the Retail Individual Investors category, and 6.03 times in the Non-Institutional Investors (NII) segment. The Qualified Institutional Buyers (QIB) category garnered 1.87 times subscription.
Avenue Supermarts shares tumble 5% after posting Q1 business update
Avenue Supermarts, operator of DMart, saw its shares dip 5% despite reporting a 15.1% revenue increase to Rs 18,343.5 crore for the June quarter. The company added three stores, bringing its total to 503. A board meeting is scheduled to discuss raising funds via debt securities. Earlier, DMart reported a 19% net profit jump for FY26's March quarter, reaching Rs 656.6 crore.
Robust overseas show helps TVS emerge top 2-wheeler company in India
TVS Motor Company has achieved a significant milestone, becoming India's largest two-wheeler manufacturer by total monthly sales for the first time, driven by robust international business and exports. While Hero MotoCorp and Honda Motorcycle & Scooter India followed, TVS's overseas sales significantly boosted its overall figures, showcasing the growing influence of global markets on the Indian automotive landscape.
Kernex Microsystems commissions upgraded Kavach system on North Central Railway
As reported by Indian Railways, the upgraded Kavach Version 4.0 supports train operations at speeds of up to 130 kmph (in the newly commissioned 207 route kilometres). With this, the total Kavach Version 4.0 coverage in the North Central Railway has increased to 652 route kilometres, of which 572 route kilometres have been executed by KERNEX.
FirstCry to sell shares in ₹1,000 crore Swara Baby IPO; check DRHP details
The proposed IPO of Swara Baby comprises a fresh issue of equity shares worth ₹500 crore and an offer for sale (OFS), taking the total issue size to ₹1,000 crore.
Escorts Kubota tractor sales up 19.1% at 13,695 units in June
Escorts Kubota reported a 19.1% surge in total tractor sales for June 2026, reaching 13,695 units compared to the previous year. Domestic sales climbed 19.8%, while exports saw a 4.4% increase. Despite a delayed monsoon impacting Kharif sowing, improved wholesale and retail performance fueled this growth. The company remains watchful of monsoon progress and El Nino's effects on rural sentiment and future growth.
From niche to mainstream: How India's bond market reinvented itself over the last 10 years
India's bond market has transformed significantly over the last decade, moving from an opaque, institutional-focused space to a more transparent and accessible one. Regulatory reforms, technological advancements, and global index inclusion have fueled this growth, nearly tripling total issuances. Experts highlight reduced minimum investment thresholds and enhanced regulatory frameworks as key drivers, paving the way for substantial future expansion.