Madhya Pradesh received investment proposals worth more than Rs 15,425 crore in semiconductors, electronics manufacturing and high tech sectors at a two day summit in Indore. The projects are expected to create more than 14,450 jobs, and five companies received land allotment letters.
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The outstanding private capex pipeline rose 39% from a year ago to Rs 99.7 lakh crore in September, a Union Bank of India report said. Concentration in a few states and sectors, bigger project sizes and possible delays pose risks for lenders.
Read more at The Economic Times →
Godrej Properties' sales bookings are expected to rise 22% this fiscal to a record Rs 41,500 crore, beating guidance, Chairperson Pirojsha Godrej told PTI. He said housing demand has held up despite uncertainty from the West Asia crisis.
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JSW Steel's September quarter profit more than tripled as demand improved and steel prices recovered. CEO Jayant Acharya told BusinessLine that Blast Furnace 3 at Vijayanagar reached about 90% utilisation and the company drew down 2.10 lakh tonnes of inventory.
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Shriram Finance aims to build a gold loan portfolio of about Rs 20,000 crore over two years, doubling gold loans to 5% of its assets under management, Executive Vice Chairman Umesh Revankar said. It also plans to expand electric vehicle financing.
Read more at Business Standard →L'Oreal said growth in India has accelerated, driven by haircare and skincare, and its consumer products division grew by double digits in the September quarter. It has closed its acquisition of a majority stake in Innovist, owner of Bare Anatomy and Chemist at Play.
Read more at BusinessLine →Muted smartphone demand and global pressures may affect applications for the Mobile Phone Manufacturing Scheme, industry sources told BusinessLine. Rising component prices and shortages are hurting local brands, and much of the benefit may go to contract manufacturers.
Read more at BusinessLine →Adani Airports said redeveloping Terminal 1 at Mumbai's airport will lift its annual capacity from 15 million to 20 million passengers. The first phase will shift about 5 million passengers to Navi Mumbai airport to make room for the works.
Read more at The Economic Times →Mumbai based Shree Naman Group, owner of Sofitel Mumbai BKC, plans at least 2,500 hotel rooms in five years. It bought JW Marriott Bengaluru and Crowne Plaza Pune at a combined enterprise value of about Rs 1,800 crore, adding around 450 rooms.
Read more at Mint →India's April 2029 rear impact safety mandate could add about Rs 2,700 crore a year to passenger vehicle costs, experts told BusinessLine. They estimate Rs 5,000 more per small car, Rs 4,000 for SUVs and sedans and Rs 15,000 for electric and hybrid vehicles.
Read more at BusinessLine →Torrent Pharmaceuticals plans to launch semaglutide in Brazil in six to nine months, Managing Director Aman Mehta said. Its Brazil revenue grew 38% in the September quarter. The drug, used for Type 2 diabetes and obesity, has so far launched only in India.
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Bidding for Jio Platforms' Rs 30,213 crore IPO closed on Friday at 22.19 times subscription, a record for an Indian IPO. Applications from 1.39 crore investors set another record, and the qualified institutional buyer portion was subscribed 70.55 times.
Read more at thetechportal.com →
Unlisted Jio Platforms shares traded at Rs 1,366 in the grey market, a premium of Rs 247 or 22.07% over the Rs 1,119 upper price band, ahead of this week's listing. Grey market prices are unofficial and can change quickly.
Read more at The Economic Times →
Foreign portfolio investors have withdrawn Rs 48,056 crore so far this month, following Rs 35,861 crore in September, CDSL data shows. Outflows in 2026 have reached Rs 3.08 lakh crore, well above the Rs 1.66 lakh crore pulled out in all of 2025.
Read more at The Economic Times →
Allotment for the oversubscribed Jio IPO is due on 26 October. Investors who get no lots will have the full blocked amount released with nothing deducted, Mint explains, and it walks through what happens with one lot or several.
Read more at Mint →Five companies will open IPOs between 26 and 29 October to raise about Rs 2,600 crore, across alternative investments, polymers, steel processing, wastewater treatment and jewellery retail. EAAA India Alternatives' Rs 1,200 crore issue is the largest.
Read more at Bhaskar English →L&T, Asian Paints, Maruti Suzuki, Bajaj Auto, Trent, Hindustan Unilever, Coal India and Sun Pharma are among about 250 companies due to report September quarter results between 26 and 30 October. Tata Consumer Products and Paytm report on Monday.
Read more at businessupturn.com →SBI Securities' Sudeep Shah told ETMarkets that the Nifty's recovery attempt stalled at the 38.2% Fibonacci retracement level near 23,200, triggering another wave of selling after the index fell 2% this week. He shared levels to watch.
Read more at The Economic Times →Average daily cash market turnover on the NSE and BSE fell 11.7% from the previous quarter to Rs 1.29 lakh crore, but brokers posted strong profit growth on margin funding. Groww's parent reported a 54% rise in profit to Rs 725.65 crore.
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Senco Gold has signed agreements to acquire a 68% stake in August Jewellery, which runs the Melorra brand, for Rs 68 crore. The investment will come in multiple tranches and is meant to strengthen its digital and omnichannel reach among younger buyers.
Read more at Business Standard →
Monday is the scheduled final day for Iveco shareholders to tender their shares to Tata Motors. Managing Director Girish Wagh is confident of crossing the 80% acceptance threshold, but activist investor Petrus Advisers is challenging the valuation, BusinessLine reports.
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UBS has acquired about 4.8% of wealth and asset manager 360 ONE WAM after exercising all 20,502,939 warrants previously allotted to the Swiss bank. The same number of equity shares was issued, deepening the strategic relationship between the two firms.
Read more at pulse2.com →
South Africa's state-owned Industrial Development Corporation has reportedly reached an initial agreement to acquire the struggling steelmaker controlled by Lakshmi Mittal and Aditya Mittal. The proposed deal includes Rs 1,620 crore in cash, Mint reports.
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Five investors including Abakkus Asset Manager, Carnelian and IIFL Capital bought a combined 2.95% stake in SFC Environmental Technologies from its promoters. The Navi Mumbai wastewater treatment firm's Rs 667.5 crore IPO opens on 27 October and closes on 29 October.
Read more at Moneycontrol →India's real estate sector recorded 24 deals worth $705 million in July to September, Grant Thornton Bharat said. Volumes fell 38% from the previous quarter and values dropped from $2.3 billion, reflecting the absence of large ticket transactions.
Read more at The Times of India →Private equity firms and strategic buyers are building larger businesses in pharma and healthcare through acquisitions, Subhakanta Bal of Rothschild and Co told Mint. He cited scale, procurement and overhead efficiencies, investment in capability and easier exits.
Read more at Mint →Messe Muenchen India, a subsidiary of Messe Muenchen GmbH, has acquired PharmaTech Expo from Ahmedabad based PharmaTechnologyindex.com. The deal adds a 30,000 square metre trade fair focused on pharmaceutical manufacturing, production systems and plant infrastructure to its Indian portfolio.
Read more at pharmabiz.com →Instacart has held preliminary discussions with prospective buyers including Uber and DoorDash, The Information reported. Its shares closed about 9% higher on Friday. The company had a market value of about $12 billion and there is no guarantee of a deal.
Read more at Mint →Bose has acquired Skullcandy, the lifestyle headphones and earbuds brand, in a deal announced on 21 October. Skullcandy will run as a separate brand within Bose's premium consumer audio business and keep its Park City, Utah headquarters. Terms were not disclosed.
Read more at m.dailyhunt.in →WB Group, Poland's largest private defence company, plans to invest $100 million over five years to set up a manufacturing base in India for its unmanned systems, Vice President Adam Bartosiewicz told BusinessLine in an interview.
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Investing long term capital gains from selling land or a building in specified bonds lets eligible taxpayers claim an exemption, within limits, deadlines and holding conditions. Under the Income-tax Act, 2025 the provision is now Section 85, with the same key conditions, Mint explains.
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An interest-free or cheap loan from an employer is a perquisite, a benefit on top of salary, and its value can be taxable, Mint explains. It covers how the taxable amount is calculated and when the benefit is exempt.
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Stock tips spread fast on social media and messaging apps. Mint lists three checks Sebi urges before acting on them, and warns that sending money without verifying the tip, assessing the risk and confirming the real recipient can expose investors to fraud.
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Locking all your savings into one fixed deposit limits access to cash and exposes you to interest rate risk at maturity. Mint explains FD laddering, which spreads money across deposits that mature at different times, to balance liquidity and returns.
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Fraudsters often promise attractive rates, easy approval and flexible repayment with urgent deadlines to push people towards suspicious lending app links, Mint warns. With festive spending under way, it lists five things to check before taking such an offer.
Read more at Mint →EAAA, backed by Edelweiss Alternatives, invests in real assets and private credit. Its Rs 1,200 crore IPO, entirely an offer for sale at Rs 1,585 to 1,665 a share, opens on 26 October. Mint looks at its fee streams and earnings volatility.
Read more at Mint →The 10-year government bond yield stood at 7.47% on 23 October, its highest in three and a half years, up from about 6.54% a year ago. Mint explains why rising yields cut both ways for gilt fund investors deciding when to enter.
Read more at Mint →Demand for AI skills in India outstrips supply by more than 3.5 times, according to BinQle. TeamLease Digital's analysis of 37,000 roles finds pay increasingly tracks the depth of AI capability rather than job title, tenure or location.
Read more at Mint →Calls for applications that are open today, re-checked on the official page every morning. Extensions remain a rumour until someone announces one.
Bid invitations and official releases from the past few days, each linked to the report or the release itself. Read the actual tender document before you quote. The government certainly will.
Summits and founder meetups coming up, each checked against its own page this morning. Bring cards, and a better opener than “so what do you do”.
Business development and operations roles, among others, checked today. Each one links to the original posting, which is where the real interview begins.
It sits on your phone like an app and has never once asked for an update.
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