Jio completed India’s largest stock market debut, raising $3.2 billion in its initial public offering. The listing propelled the company to become India’s second-largest by market value.
6:39 AMAl Jazeera21 stories from 3 sources
Jio reshapes the market as uneven profits expose underlying risks
Day’s Recap
Supporting Articles
Sebi has barred EKI Energy Services, Managing Director Rajesh Dabkara and others from the securities market over financial misreporting. The regulator found that the company recognized revenue prematurely and inflated expenses, and imposed penalties totaling Rs 88 lakh on the company and involved executives.
11:53 PMEconomic Times
Muthoot Finance reported a 36% year-on-year increase in consolidated net profit to Rs 3,278 crore in the second quarter. Assets under management rose 42% to Rs 2.09 lakh crore, but the standalone gross NPA ratio climbed to 3.87% from 2.28% in the previous quarter.
8:45 AMEconomic Times
Jio Platforms' net profit rose 14% to ₹8,387 crore in the September quarter. Revenue reached ₹40,475 crore, supported by digital services, while subscribers rose to 542 million, including 300 million 5G users, and average revenue per user increased to ₹218.8.
12:19 AMEconomic Times
Sebi plans to release a consultation paper within weeks on compliance requirements for foreign investors. The review will examine whether Indian rules should align more closely with global standards, while the regulator is also preparing a network to improve the effectiveness of independent directors.
8:06 AMEconomic Times
Indian Oil's second-quarter net profit nearly tripled to ₹21,630 crore from ₹7,610 crore a year earlier. Revenue rose 29% to ₹2,62,935 crore, while higher pump prices, government LPG subsidies and stronger petroleum-product operating profits drove the improvement.
12:11 AMEconomic Times6:39 AMAl Jazeera
How Ambani’s Jio became India’s second-largest company
Summary
Jio completed India’s largest stock market debut, raising $3.2 billion in its initial public offering. The listing propelled the company to become India’s second-largest by market value.
The IPO converts Jio’s rapid growth in telecom and digital services into a public-market valuation
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Jio’s listing reshapes India’s corporate hierarchy and gives public markets a direct stake in the country’s digital infrastructure leader.
11:53 PMEconomic Times
Sebi bars EKI Energy, MD Dabkara, others from market; imposes penalty
Summary
Sebi has barred EKI Energy Services, Managing Director Rajesh Dabkara and others from the securities market over financial misreporting. The regulator found that the company recognized revenue prematurely and inflated expenses, and imposed penalties totaling Rs 88 lakh on the company and involved executives.
The decisive issue is that Sebi found accounting practices that distorted reported profits, turning the
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The order reinforces that inaccurate accounting can trigger trading bans and personal penalties, not just demands for financial restatement.
8:45 AMEconomic Times
Muthoot Finance Q2 cons profit jumps 36% YoY to Rs 3,278 crore
Summary
Muthoot Finance reported a 36% year-on-year increase in consolidated net profit to Rs 3,278 crore in the second quarter. Assets under management rose 42% to Rs 2.09 lakh crore, but the standalone gross NPA ratio climbed to 3.87% from 2.28% in the previous quarter.
The faster growth came with a sharp deterioration in asset quality, which raises questions about
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Strong growth is becoming more credit-intensive, making asset quality the key test for Muthoot's valuation and future profitability.
12:19 AMEconomic Times
Jio Platforms profit zooms 14% on healthy user mix, digital play
Summary
Jio Platforms' net profit rose 14% to ₹8,387 crore in the September quarter. Revenue reached ₹40,475 crore, supported by digital services, while subscribers rose to 542 million, including 300 million 5G users, and average revenue per user increased to ₹218.8.
Jio is converting a large and increasingly 5G-heavy user base into higher monetisation. Rising average
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The quarter shows Jio moving from subscriber acquisition toward monetising connectivity and digital usage.
8:06 AMEconomic Times
Sebi to release FII compliance consultation paper within weeks, says chairman Tuhin Kanta Pandey
Summary
Sebi plans to release a consultation paper within weeks on compliance requirements for foreign investors. The review will examine whether Indian rules should align more closely with global standards, while the regulator is also preparing a network to improve the effectiveness of independent directors.
The consultation could reduce regulatory friction for foreign investors at a time when heavy FII
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Clearer and more globally consistent rules could improve India's appeal to foreign capital, but the details will determine whether the change is genuine deregulation or only procedural relief.
12:11 AMEconomic Times
Indian Oil net profit triples YoY to 21,630 cr in Q2
Summary
Indian Oil's second-quarter net profit nearly tripled to ₹21,630 crore from ₹7,610 crore a year earlier. Revenue rose 29% to ₹2,62,935 crore, while higher pump prices, government LPG subsidies and stronger petroleum-product operating profits drove the improvement.
The earnings surge reflects a favourable combination of pricing and policy support rather than a
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Indian Oil's result underscores how policy decisions and energy-market conditions can rapidly reshape public-sector refiner earnings.
Other Developments
A curated list of other prominent stories from this day.
NTPC’s standalone net profit rose 14% year on year to Rs 5,320 crore in the second quarter of FY27, while operating revenue increased 16.8%. The company declared an interim dividend of Rs 3 per share and plans higher capital spending on pumped storage projects.
7:27 AMEconomic Times
The Nifty rose 2% last week and recovered above its 200-week moving average at 22,700. Analysts see resistance at 23,300 to 23,450 and support between 22,750 and 22,525, while bearish momentum indicators argue for caution.
7:05 AMEconomic Times
CDSL’s second-quarter net profit rose 24% year on year to Rs 173 crore, while revenue increased 23.7% to Rs 395 crore and EBITDA margin reached 58%. The depository added about 75 lakh demat accounts, taking assets under custody above Rs 89 lakh crore.
6:20 AMEconomic Times
Eight Nifty 500 companies, including IndusInd Bank, Tata Motors and Delhivery, moved from losses to profits in the September 2026 quarter, according to a StockEdge profitability scan.
4:52 AMEconomic Times
SEBI Chairman Tuhin Kanta Pandey called for accessible and efficient capital markets, citing rising market capitalisation and substantial annual equity and debt fundraising. He also pointed to a sharp increase in investors in West Bengal and regulatory steps to simplify issuer compliance and fundraising.
3:41 AMEconomic Times
JioStar’s operating revenue rose 10.1% year on year to INR68.1 billion in the July-September quarter, despite a weak advertising market. Profit after tax fell 13.2% to INR11.5 billion, while Sourav Ganguly-hosted reality show “Bigg Boss Bangla” launched during the period.
2:20 AMVariety
Ratnadeep Retail has received Sebi approval for an IPO with a fresh issue of up to ₹400 crore and an offer for sale of 1.49 crore shares. The Hyderabad-based retailer plans to use part of the proceeds to repay debt and expand its store network.
1:34 AMEconomic Times
SBI Securities has identified 11 stocks for Samvat 2083, with projected upside of as much as 22%. The recommendations span steel, hospitality, jewellery, electronics and infrastructure.
12:43 AMEconomic Times
LIC Housing Finance reported a 12% year-on-year rise in consolidated net profit to ₹1,507 crore, while total income increased 1.5%. Improved asset quality and lower gross non-performing assets supported the result and enabled a reversal of impairment charges.
12:33 AMEconomic Times
New India Assurance reported a ₹1,267 crore net loss for the September quarter, compared with a ₹63 crore profit a year earlier. Underwriting losses in property, motor and health insurance outweighed a 5.14% rise in gross written premiums to ₹11,083 crore.
12:30 AMEconomic Times
Bank of Baroda's second-quarter net profit rose 36% year on year to ₹6,532 crore. The increase was supported by higher non-interest income, recoveries from written-off accounts and gains from selling part of its stake in the National Stock Exchange.
12:29 AMEconomic Times
Reliance Retail Ventures' net profit fell 24.5% year on year to ₹2,619 crore, even as revenue rose 5.8% to ₹80,220 crore. Grocery sales supported revenue, but strategic investments, changing festive-season timing and higher finance costs reduced profitability.
12:24 AMEconomic Times
GAIL's September-quarter net profit more than doubled year on year to ₹4,650 crore, while revenue rose 31% to ₹45,924 crore. Stronger gas marketing margins, supported by global supply disruptions, drove the increase, and the company advanced plans to list GAIL Gas.
12:10 AMEconomic Times
Zee Entertainment's consolidated net profit fell 40% year on year despite a 13% increase in operating revenue to ₹2,225 crore. FIFA-related subscriptions lifted revenue, while higher programming and promotional costs pushed total expenses up 18%; ZEE5 revenue more than doubled.
12:06 AMEconomic Times
Sun Pharmaceutical's net profit dropped 36% despite an 11.8% increase in consolidated revenue. India and emerging markets, especially domestic formulations, drove sales growth, while US formulations weakened; the company also progressed on integrating Organon after receiving regulatory approvals.
12:01 AMEconomic Times7:27 AMEconomic Times
NTPC Q2 Results: Standalone profit rises 14% YoY to Rs 5,320 crore; revenue up 17%
Summary
NTPC’s standalone net profit rose 14% year on year to Rs 5,320 crore in the second quarter of FY27, while operating revenue increased 16.8%. The company declared an interim dividend of Rs 3 per share and plans higher capital spending on pumped storage projects.
Stronger revenue and profit give NTPC room to return cash to shareholders while increasing investment
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NTPC is pairing near-term earnings strength with infrastructure spending aimed at solving one of India’s biggest renewable-energy constraints.
7:05 AMEconomic Times
Dalal Street Weak Ahead: Nifty stands on firmer footing, but can it break past 23,450?
Summary
The Nifty rose 2% last week and recovered above its 200-week moving average at 22,700. Analysts see resistance at 23,300 to 23,450 and support between 22,750 and 22,525, while bearish momentum indicators argue for caution.
The rebound has restored a key technical floor, but the index now faces a defined
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The index is at a decision point where technical resistance, rather than broad risk appetite, will determine whether the recovery extends.
6:20 AMEconomic Times
CDSL Q2 results: Net profit jumps 24% YoY to Rs 173 crore, revenue up 24%
Summary
CDSL’s second-quarter net profit rose 24% year on year to Rs 173 crore, while revenue increased 23.7% to Rs 395 crore and EBITDA margin reached 58%. The depository added about 75 lakh demat accounts, taking assets under custody above Rs 89 lakh crore.
CDSL is benefiting from both operating leverage and continued expansion of India’s retail-investor base. Rising
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CDSL’s results show how the formalization of household investing is creating durable earnings growth in India’s market infrastructure.
4:52 AMEconomic Times
Turnaround Story: 8 stocks shift from loss to profit in September '26 quarter
Summary
Eight Nifty 500 companies, including IndusInd Bank, Tata Motors and Delhivery, moved from losses to profits in the September 2026 quarter, according to a StockEdge profitability scan.
The shift marks a clear earnings improvement across a group of large listed companies, but
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A move from losses to profits can reset expectations, but sustained earnings will determine whether the stock re-rating lasts.
3:41 AMEconomic Times
Sebi pushes for resilient capital markets, focuses on investor protection: Chairman
Summary
SEBI Chairman Tuhin Kanta Pandey called for accessible and efficient capital markets, citing rising market capitalisation and substantial annual equity and debt fundraising. He also pointed to a sharp increase in investors in West Bengal and regulatory steps to simplify issuer compliance and fundraising.
SEBI is pairing market expansion with a stronger focus on resilience and investor protection. Easier
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India’s widening investor base increases the benefits of deeper markets and the consequences of weak protection.
2:20 AMVariety
Sourav Ganguly’s ‘Bigg Boss Bangla’ Among Highlights as Indian Media Giant JioStar Revenues Climb 10%
Summary
JioStar’s operating revenue rose 10.1% year on year to INR68.1 billion in the July-September quarter, despite a weak advertising market. Profit after tax fell 13.2% to INR11.5 billion, while Sourav Ganguly-hosted reality show “Bigg Boss Bangla” launched during the period.
Revenue growth did not translate into profit growth, pointing to higher costs, weaker monetization, or
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JioStar is growing its audience and top line while facing pressure to convert scale into earnings.
1:34 AMEconomic Times
IPO ahead: Value-fashion retailer Ratnadeep Retail gets Sebi nod to raise funds through public issue
Summary
Ratnadeep Retail has received Sebi approval for an IPO with a fresh issue of up to ₹400 crore and an offer for sale of 1.49 crore shares. The Hyderabad-based retailer plans to use part of the proceeds to repay debt and expand its store network.
The IPO would give Ratnadeep capital to reduce leverage while accelerating expansion beyond its existing
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The issue will test investor appetite for a regional value retailer pursuing debt reduction and nationwide expansion.
12:43 AMEconomic Times
Diwali stock picks: SBI Securities lists 11 stocks with up to 22% upside potential. Do you own any?
Summary
SBI Securities has identified 11 stocks for Samvat 2083, with projected upside of as much as 22%. The recommendations span steel, hospitality, jewellery, electronics and infrastructure.
The list signals a preference for cyclical and domestic-demand sectors rather than a concentrated bet
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The picks offer a snapshot of where analysts see gains, but their cross-sector spread makes stock-level valuation more important than the festival-season label.
12:33 AMEconomic Times
LIC Housing Fin Q2 net profit grows 12% YoY
Summary
LIC Housing Finance reported a 12% year-on-year rise in consolidated net profit to ₹1,507 crore, while total income increased 1.5%. Improved asset quality and lower gross non-performing assets supported the result and enabled a reversal of impairment charges.
The key improvement came from credit quality rather than strong income growth. Lower bad loans
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Cleaner asset quality strengthens LIC Housing Finance's earnings base, even as operating growth remains limited.
12:30 AMEconomic Times
New India slips into red with 1,267 cr loss in Q2
Summary
New India Assurance reported a ₹1,267 crore net loss for the September quarter, compared with a ₹63 crore profit a year earlier. Underwriting losses in property, motor and health insurance outweighed a 5.14% rise in gross written premiums to ₹11,083 crore.
Premium growth failed to offset deteriorating underwriting performance across core businesses. The result points to
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The loss shows that higher insurance volume is not enough when claims and underwriting discipline weaken.
12:29 AMEconomic Times
Bank of Baroda's Q2 profit surges 36% YoY on NSE stake sale
Summary
Bank of Baroda's second-quarter net profit rose 36% year on year to ₹6,532 crore. The increase was supported by higher non-interest income, recoveries from written-off accounts and gains from selling part of its stake in the National Stock Exchange.
The headline profit jump relies partly on gains that may not recur, particularly the NSE
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The result is strong, but one-off gains make the reported profit less representative of sustainable banking performance.
12:24 AMEconomic Times
Reliance Retail Q2 profit takes a hit on Qcomm push
Summary
Reliance Retail Ventures' net profit fell 24.5% year on year to ₹2,619 crore, even as revenue rose 5.8% to ₹80,220 crore. Grocery sales supported revenue, but strategic investments, changing festive-season timing and higher finance costs reduced profitability.
The divergence between revenue growth and profit signals that Reliance Retail is spending heavily to
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Reliance Retail is prioritising scale and strategic expansion at the cost of near-term earnings.
12:10 AMEconomic Times
GAIL Q2 profit surges over two fold YoY to 4,650 cr despite global disruptions
Summary
GAIL's September-quarter net profit more than doubled year on year to ₹4,650 crore, while revenue rose 31% to ₹45,924 crore. Stronger gas marketing margins, supported by global supply disruptions, drove the increase, and the company advanced plans to list GAIL Gas.
GAIL converted volatile global gas conditions into unusually strong marketing profits. The performance strengthens the
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The results show how supply-chain volatility can materially boost GAIL's earnings while raising expectations for a subsidiary value unlock.
12:06 AMEconomic Times
ZEE profit sinks 40% YoY in Q2, but revenue rises on FIFA subscription growth
Summary
Zee Entertainment's consolidated net profit fell 40% year on year despite a 13% increase in operating revenue to ₹2,225 crore. FIFA-related subscriptions lifted revenue, while higher programming and promotional costs pushed total expenses up 18%; ZEE5 revenue more than doubled.
Revenue growth is not yet translating into earnings because ZEE is spending heavily to acquire
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ZEE's quarter shows the trade-off between buying digital scale and protecting profitability in a crowded streaming market.
12:01 AMEconomic Times
Sun Pharma Q2 profit takes a hit on exceptional items
Summary
Sun Pharmaceutical's net profit dropped 36% despite an 11.8% increase in consolidated revenue. India and emerging markets, especially domestic formulations, drove sales growth, while US formulations weakened; the company also progressed on integrating Organon after receiving regulatory approvals.
Exceptional items obscured stronger underlying revenue growth, but the decline in US formulations remains a
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The results separate Sun's operating growth from reported earnings and put greater focus on its US recovery and acquisition execution.
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