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IMF's MD urges more scrutiny of non-bank lenders
Govt explains how EPFO rules will benefit members
IPO-bound Groww launches commodities trading services on platform
Stockbroker Groww on Thursday rolled out commodities trading on its platform, as it continues diversifying its wealth and capital markets offerings.Groww customers with active trading accounts can trade in commodities such as crude oil, gold, silver and natural gas through the Multi Commodity Exchange from 9 am to 11:30 pm, according to information available on the stock broking platform's website.Traders in India have been increasingly showing interest in investing in commodities to diversify their portfolios and hedge against market volatility.In the past few months, IPO-bound Groww has launched multiple offerings in the capital markets space as part of its strategic diversification push.The company launched corporate bonds, Margin Trading Facility, 915 (a pro-traders-focused platform), and W, a wealth management offering (after acquiring Fisdom).At present, Groww has over 18 million active customers.Last month, Billionbrains Garage Ventures, the parent company of Groww, filed updated draft papers with Sebi for an Initial Public Offering (IPO), with industry sources familiar with the development pegging the issue size at an estimated Rs 7,000 crore.The proposed IPO comprises a fresh issue of equity shares worth Rs 1,060 crore along with an Offer For Sale (OFS) component of 574,190,754 equity shares by promoters and investor shareholders, according to the updated Draft Red Herring Prospectus (DRHP).
LTIMindtree Q2 Results: Cons PAT jumps 12% YoY to Rs 1,401 crore, revenue up 10%
Mid-tier IT services company LTIMindtree on Thursday reported a 12% YoY growth in its consolidated Q2 net profit at Rs 1,401 crore versus Rs 1,251 crore in the year-ago period. The profit after tax (PAT) is attributable to the company's shareholders.The company's revenue from operations in the quarter under review stood at Rs 10,394 crore, which was up 10% over Rs 9,433 crore in the corresponding quarter of the last financial year.The net profit rose 12% on a sequential basis compared to Rs 1,254 crore in Q1FY26, while the topline increased 6% versus Rs 9,841 crore in the April-June quarter.The company announced a dividend of Rs 22 per equity share, and will be paid within 30 days from today. The company has set October 24 as the record date for the purpose. Also Read: Wipro Q2 Results: Cons PAT rises 1.2% YoY to Rs 3,246 crore, misses Street estimatesOn a standalone basis, the net profit stood at Rs 1,381 crore, up 10% QoQ and 10.4% YoY while the revenue was reported at Rs 10,394 crore, rising by 5.6% QoQ and 10.2% YoY.The Earnings Before Interest and Taxes (EBIT) stood at Rs 1,648 crore, rising by 17.2% QoQ and 13% YoY.The dollar revenue was reported at $1,180.1 million, up 2.3% QoQ and 4.8% YoY while the revenue in constant currency increased 2.4% QoQ and 4.4% YoY. The operating margin (EBIT) stood at 15.9%, expanding by 160 bps QoQ. The net profit stood at $156.8 million, up 6.6% QoQ and up 4.9% YoY.Commenting on the company's earnings, Venu Lambu, Chief Executive Officer and Managing Director said that Q2FY26 was a strong quarter for LTIM, marked by broad-based performance across its business. “We delivered our second consecutive quarter of growth with margin improvement ahead of plan. We are committed to becoming an AI-centric organization, leveraging our BlueVerse™ ecosystem. Our strategy remains on course, and our results reflect disciplined execution, the depth of our client relationships, and solid progress in our ongoing transformation,” Lambu said.Also Read: Eternal Q2 Results: Zomato parent's PAT plunges 63% YoY to Rs 65 crore, but revenue soars 183%(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
Delhi: Air India to move flights from T3
Air India on Thursday announced that some of its domestic flights will move from Terminal 3 to Terminal 2 at Delhi Airport starting October 26, amid T3 expansion activities. "Starting 26th October 2025, Air India and Air India Express will adjust their domestic operations at Delhi Airport to support T3 expansion activities," the Indian airline said in a statement.All domestic flights of Air India with flight numbers starting with the 1XXX series will operate from Terminal 2 (T2), whereas all domestic flights of Air India Express will move to Terminal 1 (T1)Passengers must note that all international flights will continue to operate from Terminal 3 (T3) of the Delhi International Airport. The airline advises the passengers to keep their contact details updated and check flight/terminal information via airline channels.7 Things to Know About Air India’s Terminal Shift at Delhi Airport1. Who’s moving whereFrom October 26, 60 out of 180 daily Air India domestic departures from Delhi will operate from the upgraded Terminal 2. Air India Express will operate all domestic flights from Terminal 1 (T1). The move supports the airport's T3 expansion and aims to ease congestion.2. International flights stay putThere is no change for international travelers — all Air India and Air India Express international flights will continue to operate from Terminal 3 (T3) of Delhi Airport.3. How to identify your new flightAir India has informed that all flights moving to T2 will now carry four-digit numbers starting with ‘1’ (AI1XXX). This new numbering system aims to help passengers instantly identify their terminal. Air India Express has marked the shifted flights in four digits starting with 9.4. Check before you travelBefore heading to the airport, passengers are advised to cross check their terminal information via booking confirmation, SMS/email updates, or the Air India website.5. Easy transfers between terminalsThe airline has arranged a dedicated shuttle service every 10 minutes that will connect Terminals 1, 2, and 3, to ensure smooth transfers for passengers catching connecting flights.6. Hassle-free baggage transfersIf a passenger is connecting between terminals, their checked baggage will be transferred airside. Hence, they do not need to collect and recheck it.7. Extra help on the groundPassengers can expect additional ground staff in distinct uniforms at each terminal to guide them, along with buggy services and special assistance options for those who need mobility support.
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