Top headlines: Paytm IPO subscribed 48% on Day 2; M&M Q2 net surges 8-fold

Business Standard brings you the top stories from today

M&M Q2 standalone net surges over 8-fold to Rs 1,432 cr; revenue rises 15%

Homegrown auto major Mahindra & Mahindra (M&M) on Tuesday reported an over eight-fold increase in its standalone profit after tax (PAT) at Rs 1,432 crore for the second quarter ended September 30, 2021, riding on the back of robust sales.

The Mumbai-based company had posted a standalone PAT of Rs 162 crore in the July-September period of previous fiscal. Read more

Paytm IPO half covered on Day-2 on interest from retail investors

The initial public offering (IPO) by Paytm parent One97 Communications was subscribed nearly