RBI Opens Doors for M&A Funding
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🗞️ RBI issues draft norms for banks to fund acquisitions
The RBI has issued draft guidelines that will enable banks to fund mergers and acquisitions, allowing them to provide loans for deals in sectors like infrastructure and high-tech.
🗞️ Dr. Reddy’s Q2 net profit drops slightly
Dr. Reddy’s posted a marginal dip in net profit for Q2 FY26, dropping to ₹1,337 crore due to currency fluctuations and price pressures in its key markets.
🗞️ Shanthi Gears clocks Q2 net of ₹21.51 crore
Shanthi Gears saw a rise in profits, recording a net of ₹21.51 crore for Q2 FY26, a growth driven by higher sales of industrial gear units and cost control initiatives.
🗞️ Radhakishan Damani invests ₹90 crore in Lenskart
Radhakishan Damani has invested ₹90 crore in Lenskart ahead of the company’s IPO launch. Damani’s investment signals strong confidence in the optical e-commerce giant’s growth.
🗞️ Orkla India IPO GMP rises ahead of issue
The Orkla India IPO has seen its grey market premium (GMP) rise, with the company fixing its price band ahead of the ₹2,000 crore IPO launch next week.
🗞️ ITC Hotels Q2 profit jumps 74% YoY
ITC Hotels reported a 74% YoY increase in Q2 profit, with net profit reaching ₹133 crore, driven by strong domestic tourism and premiumization of its portfolio.
🗞️ L&T wins large orders worth ₹2,500–5,000 crore
L&T secured orders worth ₹2,500 crore to ₹5,000 crore in the minerals and metals sector, reinforcing its position as a leader in engineering and construction.
🗞️ Infosys promoters opt out of buyback plan
In a surprise move, Infosys promoters have opted out of participating in the company’s ₹18,000 crore share buyback plan, which will increase returns for other shareholders.
📊 Market Update
📉 Sensex: 84,211.88 ▼ 344.52 pts (-0.41%)
📉 Nifty 50: 25,795.15 ▼ 96.25 pts (-0.37%)
💱 USD/INR: 87.87
🪙 Gold (per gram, Pune): 24K ₹12,437 ▼ ₹71 | 22K ₹11,400 ▼ ₹65
🥈 Silver (per kg): ₹1,55,000 ▼ ₹4,000