InCred DRHP signals fintech IPO surge InCred Holdings filed a confidential Draft Red Herring Prospectus (DRHP) with SEBI on November 9, 2025, aiming to raise Rs 4,000–5,000 crore via IPO as per media reports. The offering will include a fresh issue and an offer-for-sale. In-Cred Finance, its NBFC arm, recorded a standalone profit of Rs…
FD rates up to 8.05% draw investor interest Select small finance banks are offering FD rates up to 8.05% for five-year tenures on deposits up to ₹3 crore as of November 9, 2025, according to Paisabazaar data. (m.economictimes.com) Suryoday Small Finance Bank leads with 8.05%, followed by Jana SFB at 8% and Utkarsh SFB at…
India Crypto Ban Bill: Massive Sell-Off Underway The upcoming Winter Session (scheduled from November 29 to December 23) has listed a crucial piece of legislation: the India Crypto Ban Bill. This proposed law aims to ban most private cryptocurrencies, with exceptions only for select tokens necessary to promote the underlying blockchain technology and its uses….
As the Global Growth Engine India drives 8–10% of global GDP expansion, says Kotak AMC’s Shah On November 9, Kotak Mahindra AMC Managing Director Nilesh Shah described India as the “global growth engine,” noting it now accounts for just 3.5% of world GDP while driving 8–10% of global expansion. (moneycontrol.com) Markets responded positively; the Sensex…
Body (96 words):Shriram Finance shares gained 6.46% on Monday, closing at ₹797.30 and finishing as the top performer on the Nifty 50. The broader market stayed largely flat.The move followed technical indicators pointing to a breakout, which drew increased investor buying in the NBFC stock. Trading interest concentrated in Shriram Finance shares amid muted sector…
India’s US crude oil imports have surged to a multi-year high, reaching 540,000 barrels per day (bpd) as of late October (Kpler data). This figure marks a significant 80% jump compared to the year-to-date average of 300,000 bpd. The sharp increase, the highest since 2022, is driven by favorable arbitrage due to a strong Brent-WTI…
Urban Company Q2 FY26 Results reveal robust revenue growth, surging 37% Year-on-Year (YoY), driven by sustained consumer demand for professional home services in India. The home services unicorn reported an operating revenue of ₹380 crore for the quarter. Despite this strong top-line performance, the UC net loss widened significantly. The primary factor is the aggressive,…
Great news for taxpayers and companies requiring an audit! The Central Board of Direct Taxes (CBDT) has granted a significant compliance extension, effectively pushing the deadlines for audit-mandated tax filings for the Assessment Year 2025-26 (FY 2024-25). This crucial Tax Audit Deadline Extension provides much-needed relief to numerous stakeholders. The revised dates for filing are…
The Bitcoin price registered its first October monthly decline since 2018, falling approximately 3.6% to close the month near the $110,000 mark. This correction ended the largest digital asset’s seven-year ‘Uptober’ streak of gains. The immediate market reaction included increased volatility, fuelled by persistent macro uncertainty, including delayed US Federal Reserve rate cuts. Historically, November…
India’s GST collection for October (reflecting September activity) reached ₹1.96 lakh crore, rising 4.6% year-on-year (YoY), as per government data released on Saturday. This robust figure occurred despite major GST rate cuts applied to 375 items from September 22. The GST collection growth, though the slowest this fiscal, was supported by festive demand and healthy…
