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DARK SECRETS: Sebi | Vintage Vibes

Sunil Singhania-led Abakkus MF, JioBlackRock MF file draft documents with Sebi for 6 new funds

Abakkus Mutual Fund and JioBlackRock Mutual Fund have filed draft scheme documents with Sebi for six proposed launches. The offerings include three hybrid funds, two target maturity index funds and a silver ETF.

The Economic Times · 2h ago

Sebi’s CAS guidelines likely within a week, says chief Tuhin Kanta Pandey

Sebi chairman Tuhin Kanta Pandey said the regulator expects to issue guidelines on the settlement-price mechanism for derivatives on expiry days within a week. The move follows a review of the Closing Auction Session. Sebi is also working on simpler regulations, easier market access, lower compliance costs and stronger technological…

The Economic Times · 18h ago

ED arrests Rakesh Kumar Gupta, chairman of media broadcast company in insolvency-linked case

Rakesh Kumar Gupta, chairman of Sadhna Group, was arrested under the Prevention of Money Laundering Act. The Enforcement Directorate claims he manipulated insolvency processes to settle large tax dues for a fraction of the owed amount. Allegations include substantial cash transactions linked to cryptocurrency and questionable payments to connected creditors.…

The Economic Times · Oct 10

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Anthem Biosciences block deal: Portsmouth Technologies sells 30 lakh shares worth Rs 250 crore

Portsmouth Technologies LLC executed a block deal selling 30 lakh shares of Anthem Biosciences on October 9. The shares were sold at Rs 833 each, totaling Rs 249.90 crore. Following this transaction, Portsmouth's estimated stake in the company would decrease significantly. Anthem Biosciences reported a decline in total income and…

The Economic Times · Oct 9

Poonawalla Fincorp Q2 Results: Profit skyrockets 407% YoY to Rs 375 crore, NII rises 81%

Poonawalla Fincorp reported a 407% year-on-year surge in Q2FY27 profit to Rs 375 crore, while net interest income rose 81%. Operating profit more than doubled, supported by business growth, improving asset quality and an expanded gold loan network.

The Economic Times · Oct 9

Anand Rathi Wealth Q2 Results: Profit rises 22% to Rs 122 crore; co declares dividend of Rs 4 per share

Anand Rathi Wealth reported a 22% year-on-year rise in Q2 business profit to Rs 122 crore, with revenue increasing 16%. Assets under management reached Rs 1.08 lakh crore as quarterly net inflows hit a record Rs 4,186 crore.

The Economic Times · Oct 9

Adani Power shares: GQG Partners-managed entities cut stake to 5.72% from 5.74%

GQG Partners entities sold 50.39 lakh Adani Power shares through on-market transactions, reducing their combined stake to 5.72% from 5.74%. The disclosure comes as the stock gains 27.05% in 2026 and the company expands into Bhutanese hydropower.

The Economic Times · Oct 9

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Reliance Jio IPO: Likely price band for India's biggest listing revealed. Check details

Jio Platforms has set a price band of Rs 1,065-1,119 for its upcoming IPO. The company plans to raise between Rs 28,755 crore and Rs 30,213 crore with the offer. Public subscription is scheduled to start on October 21, with shares potentially listing on October 28.

The Economic Times · Oct 9

Nomura becomes latest brokerage to cut PB Fintech share price target by 31%, lists 2 scenarios for fair price

Nomura has cut PB Fintech’s target price by 31% to Rs 1,100 after proposed IRDAI curbs on insurance website practices and commissions. The brokerage lowered earnings estimates, while alternative scenarios suggest fair values of Rs 1,335-1,366.

The Economic Times · Oct 9

Friday heavy lifting saves Nifty from record nine weeks of losses. Can bulls take charge now?

Nifty broke its eight-week losing streak, rising nearly 1.3% on Friday to close above 22,500 as IT, FMCG and auto stocks led a relief rally. However, persistent FII selling, elevated US bond yields, crude oil prices and the RBI’s shift to calibrated tightening continue to cloud the market outlook.

The Economic Times · Oct 9

Madhusudan Kela-backed MV Electrosystems shares more than double from IPO price in just 2 months. Should you buy?

MV Electrosystems shares have surged over 100% from their IPO price, boosting Madhuri Kela’s stake value to Rs 111.55 crore. However, declining FY26 revenue and a net loss raise concerns about the company’s future profitability.

The Economic Times · Oct 9

Why are US stocks rallying despite Fed rate shock? Aswath Damodaran explains in the context of AI

US stocks have defied a sharp rise in Treasury yields as AI-led earnings growth offsets pressure from higher interest rates, says valuation expert Aswath Damodaran. However, with equity risk premiums falling below 4%, he warns that the rally hinges on whether AI investments can deliver the profits investors expect, raising…

The Economic Times · Oct 9

Rs 1,024-crore market cap, Rs 10,000-crore order book: This penny stock jumps 11% after SAIL deal

SEPC shares jumped nearly 11% to Rs 5.47 on Friday after securing an Rs 854.57-crore contract from SAIL for its IISCO Steel Plant expansion in Burnpur. The deal pushes SEPC's consolidated order book past Rs 10,000 crore, nearly 10 times its market capitalisation, providing multi-year revenue visibility.

The Economic Times · Oct 9

Ashish Kacholia sells over 2 lakh Carysil shares in Q2. How has the stock fared?

Ace investor Ashish Kacholia trimmed his stake in Carysil by over 2 lakh shares during the July-September quarter of FY27, reducing his holding to 2.72%. The kitchen sink maker’s stock has corrected sharply from its July peak after a strong rally earlier this year. Here’s a look at Carysil’s recent…

The Economic Times · Oct 9

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The Economic Times · Oct 9

Pidilite shares rise marginally as company appoints Amit Agarwal CFO-designate

Pidilite Industries shares rose on Friday after the company appointed Amit Agarwal as CFO-designate and Senior Management Personnel, effective October 9, 2026. Agarwal brings over 22 years of finance experience and has previously worked with Pfizer, Hindustan Unilever and Vedanta Resources. He is a Chartered Accountant, Cost Accountant and Company…

The Economic Times · Oct 9

Explained: Why IT stocks ignored Donald Trump’s PERM suspension to gain Rs 70,000 crore in one day

IT stocks rallied up to 4% on Friday, adding Rs 70,000 crore in market capitalisation, despite the US suspension of a labour certification programme. Strong Q2 results from TCS, easing oil prices and bond yields, and developments around OpenAI also supported sentiment. TCS gained after reporting 15% profit growth, while…

The Economic Times · Oct 9

Vedanta shares jump over 3% after Rs 5 interim dividend announcement

Vedanta shares rose on Friday after the mining major announced its first interim dividend of Rs 5 per share for FY27, with a total payout of Rs 1,955 crore. The dividend marks the company's first since its demerger into five entities, which could reshape its future dividend payouts.

The Economic Times · Oct 9

Vivriti Asset Management returns over Rs 3,400 crore to investors across two fund vintages

Vivriti Asset Management has completed and exited its Vintage II credit funds, returning over Rs 2,260 crore in capital and income. The funds invested across more than 45 companies, delivering gross IRRs of around 12% to 15%.

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The Economic Times · Oct 9

15,410% rally in 5 years! Multibagger Cupid shares jump 3% to hit fresh 52-week high

Cupid shares jumped hit a fresh 52-week high of Rs 368 on Friday, extending their rally for a fourth straight session. Earlier this month, Cupid raised its FY27 revenue and profit guidance for the second time in less than two weeks, targeting revenue of Rs 800 crore and net profit…

The Economic Times · Oct 9

Apollo, Max Health, other hospital stocks rally up to 5% despite cancer drug price caps. Why Jefferies stays bullish

Hospital stocks rose up to 5% after the government capped trade margins on non-scheduled anti-cancer drugs at 30%, potentially reducing medicine prices by 70%. Jefferies and Emkay expect manageable earnings impacts, despite near-term margin pressures. Jefferies favours Fortis, Manipal, Apollo, Max Healthcare and Medanta, citing strong demand and attractive valuations.

The Economic Times · Oct 9

Hexaware Technologies shares surge 11% on multi-year pact with Anthropic

Hexaware Technologies shares surged after the IT services firm announced a multi-year partnership with Anthropic to integrate its Claude AI models into its platforms. The tie-up will focus on enterprise AI solutions and deployments across IT operations and software engineering.

The Economic Times · Oct 9

Rs 30 lakh crore wiped out! What will it take for bulls to recover from a 6-week selling rut?

The Indian stock market has undergone a significant downturn, with nearly Rs 30 lakh crore wiped off its market capitalisation. Contributing factors include surging oil prices and elevated bond yields. Experts predict that any potential rebound hinges on the health of the broader economy. Additionally, Foreign Institutional Investors have been…

The Economic Times · Oct 9

The Friday test: Will Nifty extend its historic losing streak to nine weeks?

Indian equity markets are facing the prospect of a ninth consecutive weekly downturn amid multiple challenges. This week alone, the Nifty index has dropped by around 0.8% following a significant slide. Factors such as foreign selling, surging crude oil prices, and a depreciating rupee have dampened market sentiment. Technical analyses…

The Economic Times · Oct 9

Best large & mid cap funds to invest in October 2026

The 35% mandatory investments in mid cap stocks make them risky. However, they are less risky than pure mid cap schemes that invest around 65% in mid cap stocks. Also, the 35% investments in large cap investments offer them some stability. But they are riskier than pure large cap schemes.…

The Economic Times · Oct 9

TCS shares jump 4% after Q2 results. What are Goldman Sachs, Nomura, others saying?

TCS Share Price: Tata Consultancy Servies shares surged after the IT major reported a 15% year-on-year rise in Q2 consolidated net profit to Rs 13,884 crore. Revenue in constant currency terms grew 0.5% quarter-on-quarter, while operating margin stood at 24%. The company declared a second interim dividend of Rs 12…

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