Asian Paints shares: Revenue from operations for the quarter stood at ₹8,924 crore, showing a slight decline of 0.20% compared to ₹8,943 crore in Q1FY25. However, on a quarter-on-quarter basis, the company experienced a notable recovery in profitability.

GNG Electronics made a strong debut on the stock exchanges, listing with substantial premiums on both NSE and BSE after its IPO was oversubscribed by a remarkable 150.21 times. The company, known for its Electronics Bazaar brand, specializes in refurbished ICT devices and benefits from a vertically integrated model and strong financials.

India s top private banks saw a slowdown in profit growth. Combined net profit reached ₹43,641 crore in the June quarter. This is a 2.7% increase, lower than the previous year. Sluggish credit and deposit growth impacted performance. Treasury gains helped support profitability. Some banks like Axis Bank and Kotak Mahindra Bank experienced subdued results.

The National Stock Exchange (NSE) announced strong financial results. The consolidated profit after tax reached ₹2,924 crore in the June quarter. This represents a 10% increase compared to the January-March quarter. Revenue from operations also saw a rise, climbing 7% to ₹4,032 crore. The growth was fueled by increased trading volumes in both the cash market and derivatives segments.

The Centre is set to overhaul the boards of leading state-run companies like BHEL and ONGC within six months, aiming for global standards. This restructuring involves increasing the number of independent directors to enhance autonomy in decision-making. A search committee will select these non-official part-time directors.

Jio Financial Services is considering raising funds through various methods, including equity shares, warrants, or a QIP, as decided in a board meeting on Wednesday. Promoters, including the Ambani family, are likely to increase their stake to 51% via a preferential issue priced at ₹318 per share, potentially infusing ₹8,000 crore.

M&B Engineering plans to raise ₹650 crore through an IPO, including a fresh issue and offer for sale, to fund expansion and debt repayment. The company, known for its AISC-certified PEB facility and higher margins, will see promoter stake decrease post-IPO.

Tata Motors is reportedly close to acquiring Italian truck maker Iveco from the Agnelli family for $4.5 billion, potentially the group s second-largest acquisition. Expected to be announced soon, the deal involves Tata buying Exor s stake and launching a tender offer for remaining shares, excluding Iveco s defense business. Iveco confirmed advanced talks, and its shares surged on the news.

National Securities Depository plans to raise funds through an offer for sale. The depository s IPO valuation is lower than Central Depository Services. India s demat account penetration shows annual growth. NSDL focuses on institutional clients. Total income and net profit witnessed growth between fiscal year 2023 and fiscal year 2025.

Bajaj Finance s stock decline highlights growing stress in sectors served by NBFCs, including microfinance and MSMEs. Despite improved banking liquidity, asset quality faces challenges, with rising NPAs. Even traditionally stable segments like loans to doctors are showing strain. Analysts eye the festive season, hoping increased consumption will alleviate the stress on loan repayments and asset quality for NBFCs.