Icici Bank Slides as Surprise CEO Exit Jolts Investors

ICICI Bank and HDFC Bank shares rose 4% and 3% respectively on 6 November, driven by foreign investment and lower oil prices. ICICI Bank reached a 52-week high of Rs 1,555, while HDFC Bank remains down 21.44% year-to-date. Both banks have seen gains over the past week and month, with ICICI Bank up 11.05% and 15.62% respectively, and HDFC Bank up 12.39% and 9.45%.

Powerus Corporation (PUSA) reported $130 million in signed orders expected within 12 months and a $334 million weighted pipeline, with a total unweighted pipeline of $4.5 billion. The figures were disclosed in a Form 8-K filing on November 5, 2026. The company noted that pipeline is not a measure of backlog or revenue and is subject to changes.

Powerus reported $130M in orders and contracts expected to generate revenue in the next year. The company estimates a $4.5B unweighted and $334M weighted pipeline, though this may not convert to revenue. According to the company, the figures are based on management estimates and not backlog or revenue.

Powerus Corporation (PUSA) filed an 8-K form, disclosing $130M in projected revenue from signed contracts over 12 months. It also reported a $4.5B unweighted and $334M weighted revenue pipeline, though these are management estimates, not backlog or guidance.

HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank reported Q2 profit growth despite margin pressure. HDFC Bank's net profit rose 5% to ₹9,510 crore, ICICI Bank's increased 20.1% to ₹14,843 crore, Axis Bank's jumped 38% to ₹7,003 crore, and Kotak Mahindra Bank's advanced 29% to ₹4,212 crore. All banks saw improved asset quality but declining net interest margins.

ICICI Bank reported a 20.1% year-on-year increase in profit after tax to ₹148.43 billion for Q2 FY27. Total deposits grew by 27.1%, and the net NPA ratio remained stable at 0.30%. The bank highlighted its focus on customer-centricity and risk-calibrated growth.