SBI's Q2 FY24 profits exceeded expectations, surging 9.1% YoY. Bank of Baroda also reported robust growth, with a 28.4% YoY rise in net profit, driven by advances. Bank of India saw a significant 52% jump in net profit for the September 2023 quarter.
Vedanta posted a net loss due to changes in tax rates. NTPC announced the commencement of a 50 MW wind energy unit. Delhivery approved the acquisition of 4.75% equity share capital of Falcon Autotech.
Indian Oil Corporation (IOC) successfully acquired Mercator Petroleum in an insolvency proceeding for around Rs 148 crore.