Persistent Systems approves fund raising up to Rs 9,000 cr via NCDs and CPs

Mumbai, Oct. 16 -- Persistent Systems on 15 October 2026 has approved fund raising by way of issuance of non-convertible debentures up to Rs 8,000 crore and issue of commercial paper amounting to Rs 1... Read More

Shriram Finance changes name of subsidiary to Shriram Gilts

Mumbai, Oct. 16 -- Shriram Finance announced that based on the No Objection received from Reserve Bank of India, the name of wholly owned subsidiary of the Company has been changed from "Shriram Overs... Read More

Cyient DLM tanks after Q2 earnings, EBITDA margin slips to 8.7%

Mumbai, Oct. 16 -- The company's normalized net profit increased 25.8% YoY to Rs 15.82 crore from Rs 12.6 crore in Q2 FY26. Reported profit after tax rose 5.79% YoY and 108.78% QoQ to Rs 34.01 crore f... Read More

Commodities Buzz: LME Copper inventories at two month low

Mumbai, Oct. 16 -- LME Copper inventories eased in last session, adding to recent decline. Inventories slipped by 1400 tonnes to 226600 tonnes on Thursday, testing two month low. Published by HT Digi... Read More

Sensex, Nifty trade higher; metal shares shine

Mumbai, Oct. 16 -- The key equity benchmarks traded with moderate gains in mid-morning trade, supported by buying interest in heavyweight stocks. Investors remained focused on September-quarter earnin... Read More

KPIL receives upgrade in long term credit ratings from CRISIL

Mumbai, Oct. 16 -- Kalpataru Projects International announced that CRISIL has upgraded the long term rating to CRISIL AA+/ Stable while reaffirming the short term rating at CRISIL A1+ for debt facilit... Read More

Standard Engineering Technology raises Rs 71.48 cr via preferential issue of shares

Mumbai, Oct. 16 -- Standard Engineering Technology has allotted 24,39,750 equity shares of face value of Rs. 10/- each at an issue price of Rs. 293/- per equity share (including a premium of Rs. 283/-... Read More

India-US trade pact would be concluded at earliest, in interest of global trade: FM

Mumbai, Oct. 16 -- Finance Minister Nirmala Sitharaman on Friday expressed hope that the India-US trade agreement would be concluded at the earliest, in the interest of global trade and bilateral econ... Read More

INR stays upbeat as forex measures and easing oil prices support

Mumbai, Oct. 16 -- The Indian rupee appreciated 20 paise to 94.79 against the US dollar in early trade on Friday on softening of the American currency and the positive impact of the RBI' structural fo... Read More

Persistent Systems slips after Q2 PAT slides 27.2% QoQ

Mumbai, Oct. 16 -- The company's revenue increased 30.3% YoY and 8.4% QoQ to Rs 4,663.9 crore in Q2 FY27. In US dollar terms, revenue increased 20% YoY and 7.8% QoQ to $487.6 million. The company rep... Read More

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