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Adani Enterprises plans to raise up to 25,000 crore via a rights issue to fund debt repayment and capital expenditure, primarily in its airport business. The company reported an 84% year-on-year net profit increase to 3,199 crore for the September quarter, boosted by an exceptional gain from a stake sale in Adani Wilmar.
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State Bank of India reported a significant 10% year-on-year profit increase to 20,160 crore in the second quarter. This performance surpassed market expectations, driven by robust growth in retail, agriculture, and MSME advances. The bank also benefited from a profitable sale of its Yes Bank stake.
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The car-maker is lobbying fiercely for the pay package, which is being voted on ahead of its AGM on Thursday.
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News and Media
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