Fairfax-backed CSB Bank reported a 16% YoY rise in Q2 profit to 160 crore, driven by higher interest income and 16% NII growth to 424 crore. The bank plans to expand its retail, SME, and NRI businesses, including a new Dubai office, while maintaining a conservative gold loan strategy.
Embassy Office Parks REIT reported a 13% YoY rise in Q2 FY26 revenue to 1,124 crore and 15% NOI growth to 927 crore, with 93% occupancy, 6.51 per unit distribution, and robust leasing momentum led by Bengaluru.
Nomura and Nuvama reiterated Buy ratings on Mahindra & Mahindra after strong Q2 results, projecting up to 22% upside on robust SUV demand, farm segment growth, and rising margins driven by new launches and PLI benefits.
European shares dipped to a two-week low on Wednesday, mirroring global investor nervousness over elevated equity valuations. Technology stocks led the decline, while Novo Nordisk slipped after issuing a cautious profit forecast. However, Vestas shares surged on better-than-expected earnings.
Japan's Nikkei share average fell 2.5% on Wednesday, mirroring Wall Street's overnight declines, with technology stocks leading the losses. The index dropped as much as 4.65% before recovering slightly, as investors eyed potential buying opportunities below the 50,000 mark. Despite the dip, analysts anticipate a slow but steady rise for the Nikkei in the future.
