Articles by Nitin Waghela

Technology

Why Is This Tata Sons' Owned NBFC Stock In Focus Today? - Key Details

The shares of Tata Capital Ltd are in focus in trade on October 29, after the company posted its Q2 FY26 results on Tuesday alongside expectations of improved Return on Assets (RoA) as against present levels.In the quarter ending September 30, Tata Capital's net profit surged by 11% to Rs 1,097 crore from Rs 990 crore in the previous quarter.The financial services provider stock's Net Interest Income (NII) or core income rose by 4.8% from the last quarter and 17.3% from the same quarter previous year to Rs 3,004 crore.The provisions declined 15% sequentially to Rs 773 crore, however, on a year-on-year (YoY) basis, they went up by 44.7%.Tata Capital's assets under management (AUM) stood at Rs 2.43 lakh crore in Q2FY26, up 3% from Rs 2.37 lakh crore on June 30, 2025.The retail and SME segments constituted around 88% of its gross loan book, while the retail unsecured loans accounted for 11.6%.Tata Capital MD & CEO Rajiv Sabharwal said, "We aim to achieve a turnaround in the Motor Finance business and return to profitability by Q4 FY26."Shares of Tata Capital closed 0.5% up at Rs 330.6 apiece, marginally above its listing price of Rs 330 apiece on Tuesday, October 28. The stock listed on the Indian benchmark indices this month at a 1.23% premium to its IPO price.

Technology

Japan's Nikkei Surpasses 51,000 Mark To Hit Lifetime High As Asian Markets Await Fed Rate Cut

Japan's Nikkei 225 surged over 1 per cent to hit a fresh lifetime high on October 29 leading amid mixed trading across Asian markets ahead of the highly expected US Federal Reserve's second 25 basis points (bps) cut.The Topix index, Tokyo Stock Price Index, witnessed little change, South Korea's Kopsi rose 0.17% and the Kosdaq dipped 0.25%. On the other hand, Australia's S&P/ASX 200 slipped 0.16% and Hong Kong markets remained closed for holidays.Also Read: 'Intense But Productive': Piyush Goyal Wraps Up India–EU FTA TalksMeanwhile, markets are pricing in close to 100% odds that the Fed open Market Committee will deliver another quarter-point reduction, on the heels of September's cut, making the federal funds fall in the range of 3.75%-4.00%.The federal funds rate decided upon by the Federal Open Market Committee, is the rate banks charge one another for overnight lending.While it doesn’t have a direct impact on consumers, the Fed’s rate decisions often influence borrowing costs on mortgages, credit cards, and other loans.

Technology

Sabarimala Gold Theft: 4.5 Kgs Of Stolen Temple Gold Sold In Karnataka

After the Special Investigation Team (SIT) launched a probe into the allegations of stolen golden from the Sabarimala Temple in Kerala, Republic Kannada has learned that 4.5 kilograms of gold was stolen from the holy site.The incident involving stolen gold from Sabarimala temple came to light after the SIT recovered gold coins and 400 grams of gold from a Ballari-based jeweller. However, sources have informed Republic Kannada that the stolen gold is to the tune of 4.5 kilograms. A major chunk of the stolen gold has yet to be recovered.The SIT investigation, led by SP Sasidharan traced the stolen gold to jeweller Govardhan, owner of Roddam Jewellery in Ballari. Cash worth around ₹2,00,000 was also seized from the home of the prime suspect, Unnikrishnan Potti, in Pathanamthitta.According to investigators, Potti and Govardhan had developed a friendship at the Sri Rampura Ayyappa Swamy temple, where Potti, presenting himself as a Sabarimala priest, participated in rituals and later sold the stolen gold.The probe also revealed the presence of a broader network. The Chennai-based Smart Creations allegedly transferred some of the gold to middlemen, including one named Kalpesh, acting on Potti’s instructions.Potti, who is based in Bengaluru, had also worked at a local temple. Officials noted that some of his sponsored works at Sabarimala were funded by individuals in Karnataka.Currently, he is the prime accused in two different cases involving the disappearance of gold, firstly, from the Dwarapalaka plates, another, from the Sreekovil door frames.Potti remains under arrest in connection with the missing gold from the Dwarapalaka plates. Meanwhile, the SIT continues to probe the extent of his operations behind the Sabarimala gold theft.