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BusinessPhoto: Hindu Business

Sundaram Finance Q2 PAT rises 21% to ₹475 crore; disbursements up 28%

Sundaram Finance reported a 21% year-on-year increase in standalone profit after tax to ₹475 crore in Q2 FY27, driven by a 28% rise in disbursements to ₹10,355 crore. Net interest income grew 17% to ₹963 crore, operating profit rose 11% to ₹557 crore, and assets under management expanded 19% to ₹65,992 crore. Asset quality improved with lower Stage 3 assets and higher provision coverage. Executive Vice Chairman Harsha Viji noted strong domestic economic momentum despite global challenges.

Hindu Business··Chennai

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BusinessPhoto: Amar Business

Gold ETFs Shine Despite Softness in Gold Prices, AUM Crosses ₹1.91 Lakh Crore

Despite a 12% drop in gold prices over the past six months, investor interest in Gold ETFs has surged. In October, Assets Under Management (AUM) for Gold ETFs crossed ₹1.91 lakh crore. Top-performing funds have delivered over 30% returns, highlighting the growing preference for Gold ETFs and their benefits among investors.

Amar Business·

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BusinessPhoto: NDTV Tech

Crypto Traders Criticized for Using Jesús de Miguel's Image in Memecoins

Cryptocurrency traders have faced backlash for launching memecoins named after Spanish footballer Jesús de Miguel, who recently died at age 30. Screenshots on X showed tokens called MIGUEL promoted alongside news and photos of the striker. The posts sparked ethical debates about profiting from personal tragedies in crypto. A similar controversy followed the 2025 killing of US activist Charlie Kirk, with tokens using his name on Solana.

NDTV Tech·

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SportsPhoto: News18Hi Sports

IND vs NZ: Anshul Kumble shines as India wins first ODI

In the first ODI against New Zealand, Indian captain Shubman Gill praised fast bowler Anshul Kumble for his excellent performance, saying Auckland conditions suited him well. India won the rain-affected match by five wickets, taking a 1-0 lead in the five-match series. Pacers Arshdeep Singh, Gurnoor Brar, and Anshul Kumble took nine wickets together to bowl out New Zealand for 185 in 40.2 overs.

News18Hi Sports··Auckland

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BusinessPhoto: Mint Markets

Axis Direct Recommends Buying Nuvama, BEML, Petronet Stocks in November

Axis Direct recommends buying shares of Nuvama Wealth Management, BEML, and Petronet LNG in November due to improving technical momentum. The target price ranges are ₹2,166–₹2,349 for Nuvama, ₹2,335–₹2,495 for BEML, and ₹329–₹349 for Petronet. Stop-loss levels are set at ₹1,599, ₹1,835, and ₹275 respectively, with potential upside of up to 27%.

Mint Markets·

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PoliticsPhoto: News18 World

Indian-Origin Nithya Raman Leads Dramatic LA Mayor Race

Indian-origin Los Angeles City Councilwoman Nithya Raman's chances of becoming mayor surged to 98.4% on prediction platform Kalshi after she moved ahead of incumbent Karen Bass in vote counts. Raman secured 51% of votes (373,161) against Bass's 49% (358,553) with 62.1% counted. The race remains too close to call amid sharp attacks between the two former allies turned rivals.

News18 World··Los Angeles

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