FINANCEOUTLOOKINDIANOVEMBER, 20268REPORTAIR INDIA & SBI CARD SET TO LAUNCH CO-BRANDED CREDIT CARD SOONJIO PLATFORMS IPO DELIVERS 21% RETURNS, BEATS TOP 5 MEGA ISSUESINFO EDGE DIVIDEND DECLARED AT RS 3 PER SHARE, RECORD DATE ON NOV 6INFO EDGE DIVIDEND DECLARED AT RS 3 PER SHARE, RECORD DATE ON NOV 6RBI'S TIGHT LIQUIDITY STRATEGY RAISES PRESSURE ON BANK FUNDING COSTSAir India, India's leading global airline, and SBI Card, India's largest pure-play credit card issuer, today announced having entered a partnership to develop a new co-brand Visa-powered credit card program that will offer a rewarding suite of travel and lifestyle benefits to members of Air India's Maharaja Club loyalty program. The partnership combines the complementary strengths of three leading organizations across airlines, credit cards, and payment networks to create a compelling proposition for Air India's fast-growing base of frequent flyers and loyalty members.As India's flag carrier, Air India has a long and distinguished history of connecting India to the world. SBI Card brings trusted credit card expertise, deep experience of serving Indian customers, and a strong understanding of their evolving payment needs. With over four decades of presence in India, Visa combines its technology leadership with the scale of its global payments network and an extensive experience in building successful co-brand partnerships around the world. The Jio Platforms IPO delivered strong listing gains, rewarding investors with returns of over 21% on October 28. Shares debuted at 1,358 on the NSE and BSE, against an issue price of 1,119. The listing made it the most profitable debut for allottees among India's five largest public issues, according to the supplied comparison. Shareholders who received the minimum lot of 23 shares under the shareholder category gained approximately 5,497 at the listing price. Retail investors allotted 12 shares earned around 2,868. The gains re-flect the difference between the is-Info Edge Dividend has been announced at Rs 3 per share as the Naukri.com parent reported a 36% quarter-on-quarter rise in standalone net profit to Rs 334 crore for the September quarter. Info Edge has set November 6, 2026 as the record date for determining shareholders for the dividend. The interim dividend is Rs 150 per share at 150% of the face value of Rs 2 per share. The payoff will be made on or after November 23, 2026, according to the company.Info Edge Q2 FY27 witnessed a standalone profit jumpto Rs 334 crore from Rs 246 crore in the June quarter. The total income increased slightly by about 1% from the previous quarter to Rs 926.62 crore from Rs 917.73 crore. Revenue from operations increased by 2.1 per cent to Rs 841.66 crore from Rs 824.46 crore in the previous quarter. The total expenses rose marginally by 0.8% to Rs 494.32 crore. Info Edge Dividend has been announced at Rs 3 per share as the Naukri.com parent reported a 36% quarter-on-quarter rise in standalone net profit to Rs 334 crore for the September quarter. Info Edge has set November 6, 2026 as the record date for determining shareholders for the dividend. The interim dividend is Rs 150 per share at 150% of the face value of Rs 2 per share. The payoff will be made on or after November 23, 2026, according to the company.India's banking system is facing a sharp cash squeeze as the Reserve Bank of India (RBI) maintains tight liquidity conditions to curb bets against the rupee. The central bank's liquidity strategy has reduced surplus funds available to lenders, pushing short-term borrowing rates higher and raising concerns about funding costs across financial markets. Excess funds held by Indian banks fell from a peak of 11 trillion ($116 billion) in early September to 46,200 crore as of October 26, according to a Bloomberg Economics index. The decline has accelerated since the RBI introduced broad measures earlier this month to defend the rupee as it approached a record low.Analysts at IDFC First Bank and Emkay Global Financial Services expect liquidity conditions to remain tight. They believe the central bank is reluctant to fully replenish the funds available to the banking system. Emkay Global Financial Services Chief Economist Madhavi Arora said the tight liquidity conditions appeared intentional. According to her, the RBI's actions are designed to increase the cost of hedging against further rupee weakness and taking positions against the currency. sue price and the listing price. In contrast, Life Insurance Corporation of India (LIC), Hyundai Motor India, and Paytm had listed at discounts to their respective issue prices. NSE shares, meanwhile, had debuted at a premium of about 1%. Info Edge Q2 FY27 witnessed a standalone profit jumpto Rs 334 crore from Rs 246 crore in the June quarter. The total income increased slightly by about 1% from the previous quarter to Rs 926.62 crore from Rs 917.73 crore. Revenue from operations increased by 2.1 per cent to Rs 841.66 crore from Rs 824.46 crore in the previous quarter. The total expenses rose marginally by 0.8% to Rs 494.32 crore.
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