archived as published
Wednesday, 7 October · prices through NSE close
Axis Bank reported strong provisional business growth for the September quarter, with gross advances rising 22.7% year-on-year and 8.8% quarter-on-quarter to ₹13,84,600 crore.
Jio Platforms Ltd plans to launch its IPO on October 21 at a reported valuation of Rs 11 lakh crore, aiming to raise $3.8 billion. The listing would make it India's largest.
The Insurance Brokers Association of India has raised objections to the Insurance Regulatory and Development Authority of India's consultation paper on insurance distribution, writing to the Prime Minister's office seeking intervention. The association warned that proposed changes including tighter commission caps and lower expense limits could put approximately 70% of corporate broking revenue at risk, jeopardize at least one million livelihoods, affect distribution reach and competition, and potentially revive unethical business practices.
Godrej Consumer Products expects consolidated revenue growth in the high teens for the September quarter, driven by healthy demand across markets, with underlying volume growth in the high single digits and EBITDA growth in double digits. The company anticipates these results despite facing intensified inflationary pressures across commodity-linked inputs.
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