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Airtel Payments Bank on Wednesday reported 70 per cent increase in net profit at Rs 18.5 crore for December quarter 2024-25. It had cinched a record growth with quarterly revenue crossing Rs 700 crore, up by 49 per cent year-on-year, a release said.

Prostarm Info Systems, a power solution products company, on Wednesday said it has received in-principle approval from markets regulator Sebi to launch its initial share sale.

Prudential Plc is planning to list ICICI Prudential AMC, India’s second-largest mutual fund house, through a ₹10,000 crore IPO. The offering, subject to approvals, will involve a 10-15% stake sale, with proceeds intended for shareholder returns.

CDSL, Asia’s only listed depository, has surpassed 15 crore demat accounts, highlighting India s booming capital markets. Strong digital adoption and financial literacy continue to drive retail investor participation, reinforcing CDSL’s role in market infrastructure and secure depository services.

The Indian rupee gave up initial gains to settle marginally weaker on Wednesday, as hedging interest from importers and the maturity of positions in the non-deliverable forwards market boosted demand for the dollar.

Gold prices declined Rs 340 to Rs 87,960 per 10 grams in the national capital on Wednesday amid weak global trends, according to All India Sarafa Association.

In December, 5.4 million new SIP accounts were opened, while 4.4 million were closed.

Kotak noted that taxes and trading costs have eroded retail returns, with weakening trailing returns putting the market “on thin ice.” While Nifty 50 posted a modest 6% gain over 12 months, it saw declines of 5% in six months and 4% in three months. Midcap and smallcap indices performed worse, dropping 11% and 13% over six months, respectively.

BNP Paribas forecasts a slowdown in earnings growth for FY25 as multiple sectors encounter headwinds.

India s smallcap stocks entered bear market territory after renowned investor S Naren warned against investing in them. The smallcap index fell around 7% over three days, reflecting broader market concerns driven by global trade tensions, high valuations, and declining corporate earnings.