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This decline comes in the first month under new surrender value regulations effective October 1, with the updated rules creating product gaps and earlier sales push and festivals impacting demand.

Japanese shares led regional gains, while stocks ticked lower in Australia and South Korea. Futures in Hong Kong pointed down amid disappointment over Chinese stimulus. US stock futures were slightly lower after a decline in technology shares on Monday offset gains in other parts of the market.

The current law says an FPI cannot hold more than 10% of the total paid-up equity capital as portfolio investment in an Indian company. The investment is categorised as foreign direct investment (FDI) if the holding exceeds the 10% limit. Until now, there was lack of clarity on how the offshore portfolio manager could go about classifying and reporting the stake once the holding crosses 10%.

Several lenders said that they now prefer offering loans to customers with credit scores of more than 750 from a cap of 720 seen prior to the onset of stress. Banks are also keeping a very close watch on days past due (DPD), where collection machinery gets triggered at day zero DPD.

​​ The non-institutional investors or HNI category was subscribed 0.68 times. The public issue comprised a fresh issue of ₹800 crore and an offer for sale of ₹1,400 crore by promoter Bupa Singapore Holdings and Fettle Tone LLP.

Akums Drugs and Pharmaceutical, a Delhi-based company, reported a 16% rise in profits compared to the same period last year. The company achieved this through improved operational efficiency. However, revenue decreased by 11.9% due to lower prices of active pharmaceutical ingredients and fluctuating demand.

Bandhan Bank and other small finance banks that transitioned from microfinance faced higher slippages in Q2. Despite efforts to reduce micro-ticket lending and increase secured portfolios, 75-80% of fresh slippages originated from the microfinance business

The Supreme Court dismissed SEBI’s appeals against penalties on Reliance Industries and its promoters, which were quashed by the Securities Appellate Tribunal (SAT). However, the court agreed to hear Reliance’s cross-appeal regarding the price manipulation case involving RPL shares

Britannia Industries Q2 Results: FMCG player Britannia Industries Ltd on Monday reported 10% decline in its consolidated net profit at Rs 531 crore in the quarter ended September 2024. It was Rs 588 crore in the year-ago quarter.

A 52-week high represents the highest price a stock has reached over the past year, offering valuable insights for traders and investors.