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Finance Minister Says | At Global Fintech Fest

Finance Minister Says | At Global Fintech Fest

FM Nirmala Sitharaman at Global Fintech Fest (GFF) 2025 said India is witnessing an unprecedented transformation.

Creditaccess Q2 Update

Rajiv Anand, Executive Director at IndusInd Bank, told CNBC-TV18 that the second half of the fiscal year is expected to be much stronger for the microfinance industry (MFI), which should bode well for the bank’s performance.

He expressed confidence that over the next three years, IndusInd Bank will be able to regain its pre-eminent position in the sector.

Anand added that the Reserve Bank of India’s newly outlined roadmap has brought clarity to the regulatory environment, eliminating uncertainty. He believes several banks will move quickly to adopt these guidelines, further supporting sector growth.

Shyam Metalics Q2 Biz Update

Rishi Kohli, CIO of JioBlackRock AMC, highlighted the Systematic Active Equity Fund’s long-only, risk-adjusted return strategy on CNBC-TV18.Systematic Active Equity is focusing on risk-adjusted returns.Systematic Active Equity is a long-only fund.Using unstructured data to get insights in advance.The Aladdin model is risk-optimised, cost-controlled, and focused on maximising alpha.Follows a weekly rebalancing approach, but the portfolio does not churn on a weekly basis.If something important arises, changes will be made to the portfolio.The weekly average churn is around 3%.80% of the data used is traditional and gets updated quarterly.The top 60–70 stocks in the fund typically remain consistent with the benchmark.Approximately 70% of the churn is due to changes in stock weightages.30% is due to changes in the stocks themselves.

CNBC-TV18 accesses US FDA observations for Aurobindo’s Hyderabad unit

KIOCL

LG Electronics IPO Update

-Total Subscription 0.48x, QIBs 0.52x, NIIs 0.41x, Retail 0.48x, Employee 1.48x, As Of 11:15 am on Day 2

–Total Subscription 0.23x, NIIs 0.45x, Retail 0.26x, Employee 0.54x, As Of 11:12 am on Day 1

Shares of HDFC AMC Ltd. could face further downside after a 50% rally over the past six months.

Citi has maintained a cautious stance. The brokerage reiterated its “sell” rating with a price target of ₹4,775 per share, implying a 17% downside from Monday’s close.

Citi recently met with the company’s top management in Singapore, where they discussed HDFC AMC’s focus on scaling its non-mutual fund business, controlling expenses, and managing profitability.

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Indbank Merchant Banking Services

Rajiv Anand, the MD and CEO of IndusInd Bank speaks exclusively to CNBC-TV18.

Ester Industries

Ramky Infra

SEBI passes settlement order in the Fino Payments Bank case. Adjudication proceedings against Fino Payments Bank are disposed of, says SEBI.

Glottis Ltd, a logistics and freight forwarding company, made its market debut on Tuesday, October 7, listing at ₹87 per share, a 33% discount to its IPO price of ₹129.

The company’s three-day IPO, valued at ₹307 crore, included a fresh issue of ₹160 crore and an offer for sale (OFS) of ₹147 crore.

Priced between ₹120–₹129 per share, the IPO saw a full subscription at 2.05x, though demand was muted across categories, with Qualified Institutional Bidders subscribing 1.87 times of their allocated shares.

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On Eternal

A relative outperformance, making higher tops and higher bottoms. Look for a target of ₹360-365 for Eternal, keeping a stop loss of ₹315.

Dharmesh Shah, Assistant VP at ICICI Securities

On Maruti Suzuki

We remain constructive and positive from the medium-term perspective on the auto as sector.

Maruti – a trendline breakout happening for ₹16,200 has been acting as a resistance, which we expect should take out on the higher side, and we should be looking at a target of around ₹16,800 to ₹17,000 for Maruti.

Praj Industries bags order to supply low-carbon solutions and equipment to Aemetis California ethanol plant.

Dharmesh Shah, Assistant VP at ICICI Securities

Buy SBI with a stop loss of ₹850 and a target of ₹950

Buy Reliance Industries with a stop loss of ₹1,265 and a target of ₹1,530

The shares of RHI Magnesita surged on Tuesday, rising close to 7%.

Motilal Oswal Wealth Management – Chandan Taparia Stock RecommendationsBuy Uno Minda – Stop loss: ₹1,350, Target: ₹1,400Buy Eternal – Stop loss: ₹330, Target: ₹360Buy Paytm – Stop loss: ₹1,225, Target: ₹1,300

Sridhar Sivaram, Enam Holdings On CNBC-TV18

Sridhar Sivaram, Enam Holdings On CNBC-TV18

Entry-level SUVs have become more accessible, so many buyers are skipping hatchbacks. Our own EV launch is coming at the end of November, expect to add more strength to that momentum.

Telecom Stocks at day’s high, Vodafone Idea Recovers Over 1% From Lows

The Nifty Oil and Gas Index is on the rise as the market continues to trade in green.

JP Morgan hosted Dilip Kadambu, Group CFO of IHH, to discuss developments around Fortis.

The shares of HPCL hit a record high.

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