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US Treasury yields nudge higher as AI fears ebb
US Treasury yields experienced a rise alongside a boost in equities, particularly driven by AI stocks, which has mitigated earlier anxieties among investors. The 10-year Treasury yield saw a modest rebound after a steep decline, indicating a shift in market mood. Moreover, oil prices declined, easing inflation fears related to global tensions.
Bajaj Finance Q2 consolidated net profit rises 29% to Rs 6,367 crore
Bajaj Finance expects AUM to grow 26-27% in FY27 as it accelerates customer acquisition and loan disbursements. The lender plans to book 60-62 million new loans and add 18-20 million customers during the year. Consolidated AUM grew 26% to Rs 5.85 lakh crore in the September quarter, aided by broad-based loan growth. The gold-loan portfolio more than doubled to Rs 24,195 crore, although short-tenor schemes caused a transitional increase in Stage 2 assets. Management does not expect this movement to affect credit costs. Lower funding costs, improving asset quality and a strong liquidity buffer should support growth.
Waaree Renewable Technologies Q2 Results: Net profit falls 29% to Rs 81 crore
Waaree Renewable Technologies experienced a notable 29 percent drop in net profit for the quarter ending September. Their consolidated profit stood at Rs 81.48 crore, a decrease from Rs 116.36 crore year-on-year. While expenses surged, revenues rose to Rs 1,057.84 crore. The company boasts an unexecuted order book over Rs 5,500 crore and a robust bidding pipeline, striving for long-term value through efficiencies and scaling.
Titan redeems Rs 1,000 crore commercial paper
Titan Company Ltd has successfully fulfilled its obligation by redeeming commercial papers worth Rs 1,000 crore, originally issued on July 21, 2026. As the maturity date has arrived, all investors have duly received their returns. This action adheres to the regulations established by the Securities and Exchange Board of India. As part of the Tata Group and functioning under the Tamil Nadu government, Titan encompasses various lifestyle brands.
Piramal Finance Q2 net profit soars 67% to Rs 545 crore
Piramal Finance’s assets under management grew 24% to Rs 1.13 lakh crore, led by a 30% rise in retail AUM. Net interest income increased 35%, while its net interest margin expanded 35 basis points to 6.5%.
Recent News
Today’s Gold Rate in India October 19: Gold prices up in Delhi, Mumbai, Kolkata, Chennai, Bengaluru (Metro Cities)
22, 24 carat Gold prices up across metro cities on October 19
Sensex today | Stock Market Live Updates: Crude fears clip wings; Sensex falls over 330 pts, Nifty dips by 0.4%
Sensex, Nifty, Share Prices Live: Sensex traded 330.73 pts or 0.44% lower at 74,398.54, and Nifty 50 fell 92.15 pts or 0.4% to 23,054
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