Top Stories | SBI, M&M beat estimates, IndiGo loss widens, Groww IPO opens, Gopichand Hinduja passes away

Good evening! Markets digested a heavy earnings day with mixed reactions as India’s corporate giants lined up their Q2 scorecards. State Bank of India topped expectations, aided by one-time gains and lower credit costs, while Mahindra & Mahindra impressed with double-digit revenue growth and margin expansion. IndiGo, however, faced turbulence as forex losses and rising maintenance costs widened its quarterly loss to ₹2,582 crore.

In other key updates, Groww’s much-awaited ₹6,632 crore IPO opened for subscription, drawing strong investor buzz. Meanwhile, sources said Mehli Mistry has written to Noel Tata seeking to part ways with Tata Trusts. On the regulatory front, NCLAT overturned the CCI order restricting WhatsApp’s data sharing with Meta.

Globally, Saudi Aramco beat Q3 estimates and revised its gas production target, while closer home, the business world mourned the passing of Gopichand Hinduja, Chairman of the Hinduja Group, at 85.

Stay with us for all the latest updates and expert takes—there’s plenty to unpack!

SBI Q2 Results: One-time gains aid profit growth; Credit costs better than expectations



India's largest lender, State Bank of India Ltd. (SBI), reported results on Tuesday, November 4, which were better when compared to the CNBC-TV18 poll on most fronts.

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Mahindra & Mahindra Q2 Results: Revenue rises 21% from last year, margin expands and beats estimates



Mahindra & Mahindra Ltd

., the manufacturer and distributor of passenger and commercial vehicles and tractors, reported its September quarter earnings on Tuesday, November 4, which were a beat on analyst expectations on most parameters.

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IndiGo Q2 loss widens to ₹2,582 crore on high forex loss, rising maintenance costs



InterGlobe Aviation Ltd, the operator of IndiGo, on Tuesday (November 4) reported a net loss of ₹2,582 crore for the quarter ended September 2025, compared with a loss of ₹988.8 crore in the same period last year.

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Vodafone Idea still has a long climb ahead, says Axis Capital



Gaurav Malhotra, Executive Director at Axis Capital, believes Vodafone Idea's future largely depends on how the government structures its relief package—whether it involves a full or partial waiver or a staggered payment plan. He prefers to wait until there is clarity on the framework before revising his outlook.

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Mehli Mistry writes to Noel Tata, seeks to part ways with Tata Trusts: Sources



Sources close to the Tata Group told CNBC-TV18 that Mehli Mistry has written to Tata Trusts Chairman Noel Tata, expressing his desire to part ways and bring an end to speculative media reports surrounding his exit.

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Groww IPO opens today: Should you subscribe to the ₹6,632 crore issue?



The initial public offering (IPO) of Billionbrains Garage Ventures Ltd., the parent company of fintech platform Groww, will kick off for subscription on Tuesday, November 4, and close on November 7. The ₹6,632 crore issue is priced in the range of ₹95-₹100 per share.

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NCLAT overturns CCI order restricting WhatsApp data sharing with Meta



The National Company Law Appellate Tribunal (NCLAT) has granted partial relief to Meta Platforms and its messaging arm WhatsApp in the high-profile competition case stemming from WhatsApp’s 2021 privacy policy update.

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Aramco Q3 2025 results: Saudi energy giant beats estimates, revises gas production target



Saudi-owned oil and gas giant Aramco announced its Q3 results. In the results, in comparison to the same period last year, net income adjusted for one-time factors increased 0.8% to $28 billion in the third quarter, above analyst predictions. Additionally, free cash flow was higher than dividend payments.

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'Trump threatened by our campaign': New York City Mayoral candidate Zohran Mamdani



New York City Mayoral candidate Zohran Mamdani said US President Donald Trump is “threatened” by his campaign, as the American leader warned voters that the city’s “survival” is at risk if the Democratic nominee wins.

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Hinduja Group Chairman Gopichand Hinduja passes away at 85



Hinduja Group Chairman Gopichand P Hinduja, who built the family business into a multi-billion-dollar transnational conglomerate, passed away at 85.

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