SBI Raises ₹7,500 Cr via Bonds
Your daily dose of business news
🗞️ Reliance Q2 profit up 10% YoY
Reliance Industries reported a consolidated net profit of ₹18,165 crore, up 10% year on year. Revenue grew 10% to ₹2.6 lakh crore, driven by strong refining margins and retail performance.
🗞️ JSW Steel profit surges fourfold
JSW Steel posted a fourfold jump in Q2 net profit to ₹1,623 crore, supported by higher sales volume and improved product mix. Revenue rose 14% YoY to ₹47,599 crore.
💬 Expert Take — “Steel prices stabilizing alongside export recovery is boosting sector profitability after a challenging FY25.”
🗞️ SBI raises ₹7,500 crore via bond issue
SBI raised ₹7,500 crore through infrastructure bonds to strengthen its long-term capital base. The bonds carry a 7.59% coupon and are part of the bank’s ₹20,000 crore issuance plan for FY26.
🗞️ Dixon Tech eyes ₹3,000 crore electronics investment
Dixon Technologies reported 33% revenue growth in Q2 FY26 and announced plans to invest ₹3,000 crore in electronics component manufacturing to deepen its domestic supply chain.
🗞️ Sify files ₹3,700 crore IPO
Sify Infinit Spaces filed papers for a ₹3,700 crore IPO to expand its AI-driven data center capacity. The issue, backed by Kotak Mahindra Group, underscores India’s growing AI infrastructure demand.
🗞️ Agentic AI: India’s next big opportunity — and risk
A The Hindu analysis highlighted that “Agentic AI” — self-directed AI systems — could be a massive opportunity and potential liability for India. The article emphasizes the need for clear regulations before enterprise adoption.
🗞️ Midwest IPO 32x subscribed on Day 3
The Midwest IPO closed with 32 times subscription, led by strong QIB demand and a rising grey market premium.
🗞️ Sify Infinit Spaces IPO details emerge
Sify Infinit Spaces, a Kotak-backed data center firm, also filed for an IPO to raise up to ₹3,700 crore — separate from Sify’s main listing — signaling rapid consolidation in India’s AI-led infrastructure segment.
📊 Market Update
📈 Sensex: 83,952.19 ▲ 484.53 pts (+0.58%)
📈 Nifty 50: 25,709.85 ▲ 124.55 pts (+0.49%)
🪙 Gold (per gram, Pune): 24K ₹13,309 ▲ ₹327 | 22K ₹12,200 ▲ ₹300
🥈 Silver (per kg): ₹2,03,000 ▼ ₹3,000