State-owned Bharat Petroleum reported a 22.5% fall in September quarter net profit to Rs 4,993 crore from Rs 6,443 crore a year earlier. Retail fuel prices stayed frozen while costs rose, the company said, which is what happens when only one side of the ledger is allowed to move.
Read more at Business Standard →
IndiGo and Air India Group will shift 133 weekly flights from Mumbai airport to Navi Mumbai, moving nearly three million passengers a year. That covers about 60% of the capacity Mumbai must cut while Terminal 1 is redeveloped, ET reports. The passengers will be moved along with the flights.
Read more at The Economic Times →
Volkswagen has halted investment in its India electric vehicle programme until it has more clarity on a possible partnership with Sajjan Jindal's JSW Group, people familiar with the matter said. Design work on a low-cost EV platform is complete. The platform now waits for a partner.
Read more at Mint →
The SP Group, which owns 18.4% of Tata Sons, wants a fair valuation for a partial or full exit and is open to a buyback or a listing, people familiar with the Mistry family's thinking told the Financial Express. Agreeing on fair has been the hard part.
Read more at The Financial Express →
Dr Reddy's plans to relaunch generic semaglutide in November after supply disruptions linked to API scale-up, and still targets six to seven million pens this year. A US decision on its abatacept biosimilar for arthritis is expected in December. The target survived the disruption.
Read more at The Economic Times →JK Tyre and Industries is investing Rs 6,110 crore, including Rs 4,980 crore in new projects over three to four years, in premium, sensor-equipped and electric vehicle tyres. Eight of its 10 recent carmaker approvals involve larger-rim tyres. The wheels, like the prices, are getting bigger.
Read more at BusinessLine →NMDC, which meets a quarter of India's iron ore demand, is exploring lithium, copper, cobalt and rare earth blocks from Chile to Australia, industry sources say. The state-owned miner wants at least 20% of revenue from other minerals, which would make it slightly less of an iron ore company.
Read more at BusinessLine →After a two-day visit to Germany, Commerce Minister Piyush Goyal said CEOs of firms including Siemens Healthcare, Volkswagen and Skoda now see India as a base for manufacturing, research and innovation rather than only a sales market. The view reached readers by way of the minister.
Read more at The Economic Times →Jack Daniel's maker Brown-Forman wants India among its top 10 markets for Scotch whisky within five years, banking on demand for premium spirits and the India UK free trade agreement, an executive said. Trade deals, it turns out, are also drinks strategy.
Read more at Business Standard →OVS, which re-entered India in 2025, opened its largest Indian store in Mumbai on Friday, its third in the country. The Italian fashion chain wants 11 stores by 2028 and aims to make India a top international market within five to seven years. Eight stores to go.
Read more at BusinessLine →SIDBI's MSME Outlook Survey for July to September found small businesses optimistic about coming quarters, with confidence well above the neutral level of 50 across sectors. Manufacturing was the most cheerful, even as input costs climbed. Optimism, unlike steel, has not got more expensive.
Read more at The Economic Times →Lumax Auto Technologies' quarterly net profit rose 57.8% to Rs 105.51 crore and revenue grew 34.5% to Rs 1,555.51 crore. It is investing Rs 150 crore in a Manesar plant to make vehicle electronics such as body control modules, as cars become computers that happen to have wheels.
Read more at BusinessLine →The commerce department and EEPC India held talks on lifting engineering exports to $250 billion by 2030, focusing on better use of free trade pacts, global competitiveness and long-term access to key raw materials, an official statement said. The statement was itself an export of optimism.
Read more at The Economic Times →Speaking at the NDTV World Summit, Raymond chairman Gautam Singhania said he lost close family relationships while protecting the company, citing his duty to the thousands whose livelihoods depend on it. He also discussed succession and governance in family firms.
Read more at Mint →
With the Nifty down about 13% so far, Samvat 2082 is shaping up as the worst year for investors since 2014, BusinessLine reports. Markets enter the new Hindu financial year with high volatility, weak sentiment and no clear bottom. Diwali gifting may lean towards sweets over shares.
Read more at BusinessLine →
Midcaps and smallcaps fell harder than frontline stocks last week, while IT held up relatively well. Brent above $117, elevated US Treasury yields, foreign selling and money tied up in the Jio IPO pressured markets, ET reports. Jio managed to weigh on the index before it joined it.
Read more at The Economic Times →
Writing in the Financial Express, the founder of Quantum Advisors says that in 36 years of dealing with foreign portfolio investors he has never seen such dismay and irritation with India. Registered FPIs have grown from 500 to 12,000 in that time, so more of them are irritated.
Read more at The Financial Express →
Analysts say quarterly earnings, the Fed's rate decision, crude prices and West Asia tensions will drive stocks this week. Jio Platforms' debut, foreign investor flows and global trends will also shape sentiment. In short, most things will drive stocks this week.
Read more at Business Standard →
Addressing an ANMI convention in Mumbai, NSE chief Ashish Kumar Chauhan urged brokers to harden defences against AI-based attacks, citing recent incidents in Japan and the US. India's listed market value has crossed Rs 460 lakh crore, he noted, which explains the interest.
Read more at BusinessLine →Sebi chairman Tuhin Kanta Pandey said the regulator is reviewing short selling and securities lending to deepen markets. It will also fix parallel clearing costs in tender offers, buybacks and offers for sale, and is exploring graded compliance for brokers. Short sellers will be reading closely.
Read more at The Economic Times →Accel turned down Zetwerk's founders when they pitched a software idea in 2018, then invested after they changed the model. It sold part of its stake in the Rs 5,012 crore IPO, and Zetwerk shares opened at Rs 159 on the BSE. Saying no first has worked out.
Read more at Business Standard →Joint Secretary Alok Tiwari urged stockbrokers at an ANMI NSE event to consolidate into professional organisations rather than stay family firms, warning that technology will make capacity building a brutal culling process for the industry. The Finance Ministry has chosen its words.
Read more at BusinessLine →AU Small Finance Bank's September quarter net profit rose 53% to Rs 858 crore from Rs 561 crore a year earlier, helped by higher interest income. Total income grew to Rs 6,382 crore from Rs 5,224 crore. The small finance bank is growing out of its name.
Read more at Business Standard →IDFC First Bank's profit nearly tripled to Rs 1,045 crore. Loans including FCNR(B)-backed lending grew 30% to Rs 3.5 lakh crore and net interest income rose 21% to Rs 6,184 crore. Net interest margin slipped to 5.6% from 5.9%, partly because of the same FCNR(B) loans.
Read more at The Economic Times →Castrol India's quarterly net profit fell 49.3% sequentially to Rs 176.4 crore and revenue declined 7.3% to Rs 1,734.7 crore, as raw material costs and unfavourable currency moves squeezed margins to 15.1%, CNBC TV18 reports. Lubricants have had a less smooth quarter.
Read more at cnbctv18.com →Fifty-five companies announce September quarter results on Monday, 26 October, among them Tata Consumer, Paytm and Mankind Pharma, across consumer goods, pharma, financial services and banking. REC, Supreme Industries and Dalmia Bharat will also consider dividends. Analysts have cleared their evenings.
Read more at ET Now →Mint's Plain Facts flags the government's first half fiscal accounts, with the deficit running above trend, September industrial output data and Hindustan Unilever's Q2 results. The HUL numbers will show how consumer goods makers are coping with cost pressures, a subject shoppers already have views on.
Read more at Mint →
Early investors in Paper Boat maker Hector Beverages, including A91 Partners and Sofina, are in talks to sell partially to buyers including 360 ONE and TR Capital, while Sequoia and Footprint Ventures may exit fully. The deal could value the company at Rs 2,700 to 3,000 crore, ET reports.
Read more at The Economic Times →
McCain Foods has agreed to buy the frozen potato processing business of Falcon Agrifriz Foods in Gujarat, adding capacity to its existing Gujarat operations for domestic and export demand. The deal is subject to customary closing conditions. The fries will be largely unaffected.
Read more at AgroSpectrum India →
Five years after buying DHFL under the insolvency code, Piramal Finance has recovered more than Rs 3,000 crore from its stressed loan book and kept Rs 16,000 crore in tax losses to set against future profits, chairman Anand Piramal said. Some of the stress, it turns out, was recoverable.
Read more at The New Indian Express →
Tata Motors says its revised offer of 14.40 euros, or Rs 1,531, per share for Italian truck maker Iveco is its best and final, rejecting talk of a higher price. MD Girish Wagh said he was confident of enough shareholder participation. Best and final is a phrase best said once.
Read more at Mint →
Associated British Ports, Britain's largest port operator with 21 ports, went to Australian pension funds for about 10 billion pounds, beating bidders including KKR, Apollo and Gautam Adani, Portogente reports. Retirement savings won the auction.
Read more at portogente.com.br →Private equity investment in Indian real estate reached $6.1 billion across 55 deals from January to September 2026, a FICCI and Anarock report says. Data centres took 40%, or $2.5 billion, ahead of offices at $1.7 billion. Servers, unlike staff, come in every day.
Read more at BW Businessworld →Private equity investment in Indian real estate fell 33% from the previous quarter to $1.3 billion in July to September, Savills India says. Hospitality drew the largest share at 26%, followed by industrial and logistics at 22%. Hotels are having a better quarter than their investors.
Read more at PropNewsTime →Transworld Sea-Connect IFSC, a subsidiary of Transworld Shipping Lines, will buy container vessels OEL Surya and OEL Varun in a related party deal worth $42.78 million. Shareholders approved it with over 98% of votes, which for a related party deal is a warm reception.
Read more at scanx.trade →Renault has agreed to sell the Alpine Racing engine plant at Viry-Chatillon in France to Dumarey Group, a Belgian maker of propulsion systems and powertrain components, preserving the jobs of 150 employees. Financial terms were not disclosed.
Read more at Mint →Clutch maker Setco Automotive will merge its loss-making casting subsidiary Lava Cast into the listed company to cut costs. It also reported a sharp turnaround in April to June earnings, which its board approved only on 23 October, a little after June.
Read more at BusinessLine →A Millennium Post opinion piece argues that despite IDBI Bank's strong profits and capital adequacy, the valuation in the sale of 60.72% of the government and LIC stake to a Fairfax Financial subsidiary raises questions about public sector disinvestment.
Read more at millenniumpost.in →Acquirers of India Cements Capital want up to 26% of voting capital for Rs 6.77 crore at Rs 12 a share, well below the recent market price of Rs 30.60. Offer letters went to 15,748 shareholders, with tendering from 28 October to 11 November. Uptake may be modest.
Read more at scanx.trade →The appellate tribunal allowed Ambuja Cements to amalgamate wholly owned subsidiary DIRK India without convening meetings of shareholders and creditors, overturning an NCLT Ahmedabad order that had refused to waive them. A meeting has been successfully avoided on appeal.
Read more at thetaxcorp.in →R&B Denims has bought eight equity shares of Beroe Consulting India, a 0.13% stake, for Rs 5.51 crore from Incred Wealth. It cited deployment of surplus funds and gets no special rights or board seat. Each of the eight shares came at a considered price.
Read more at scanx.trade →
Companies are preparing for Ind AS 118, India's version of IFRS 18, which changes how performance is presented and touches finance systems, internal controls and management metrics. Deloitte's Samir Shah says the transition is becoming a boardroom issue, which is where accounting standards go to be taken seriously.
Read more at The Economic Times →
The RBI's new forex reporting framework, effective 1 October, asks exporters to file an Export Declaration Form so banks can track payments from overseas buyers. Business Today explains who must file it, the exemptions and the deadlines, as service exporters push back on the paperwork.
Read more at Business Today →
On 8 October the GST Council recommended scrapping arrest powers under Section 69 of the CGST Act and raising the prosecution threshold from Rs 1 crore to Rs 5 crore. Live Law notes these stay recommendations until Parliament and the states amend the law. Arrests remain possible in the meantime.
Read more at livelaw.in →
Since 1 October, service exporters must declare full export value within 30 days of the month of invoice. Freelancers and consultants are exempt, yet banks still ask them for the form and delay their payments, the Indian Express explains. The exemption has not reached the bank counter.
Read more at The Indian Express →
Proposed changes to monthly GST return forms will go on the MyGov portal for public comments from 1 to 30 November, a CBIC official said. The revised forms, which follow the GST Council's 57th meeting, take effect from 1 April 2027. Accountants have been invited to comment, and will.
Read more at BW Businessworld →The GST Appellate Tribunal has ruled that airlines can claim refunds of GST paid on cancelled tickets if both the fare and the tax went back to passengers. It directed a Rs 45.92 lakh refund with interest to Singapore Airlines. The refund was refunded.
Read more at Free Press Journal →The corporate affairs ministry has extended the deadline for FY26 annual financial statements to 31 December and annual returns to 31 January 2027, after companies reported trouble filing through the MCA 21 portal. The portal has been given no extension.
Read more at Business Standard →An RBI bulletin paper finds that combining satellite night-time light data with Google Trends cut errors in quarterly growth estimates for Gujarat, Maharashtra and Karnataka by up to 62%. The views are those of the RBI staff authors. Lights on and searching, it seems, means growing.
Read more at Business Standard →Weak growth and social unrest have fuelled fears that France's debt troubles could spread across the euro zone. More than 4 lakh people protested this weekend, and Mint explains what the crisis could mean for the bloc and markets.
Read more at Mint →With BARC data unavailable, GTPL Hathway has published viewership figures from return-path data captured by connected set-top boxes. Whether operator-led measurement becomes credible depends on scale, sampling and acceptance by broadcasters and advertisers, ET reports. The cable operator is, for now, marking its own homework.
Read more at The Economic Times →From ChatGPT to Maaza, brands are experimenting with micro-drama series to stand out beyond the 30-second ad. Experts say early engagement is encouraging and brands could build their own content IP around branded micro dramas. The ad has become the show, briefly.
Read more at BusinessLine →Peter Lynch famously said that if you cannot explain to an 11-year-old in two minutes why you own a stock, you should not own it. Understanding the business behind a share matters most, much like Buffett's circle of competence. Most 11-year-olds remain unconsulted.
Read more at The Economic Times →Charles Ellis, author of Winning the Loser's Game, argues that beating the market has become harder for individuals. Investors should know their limits, manage risk and stick to a clear long-term strategy instead of chasing winners or trading actively. The title was a hint.
Read more at The Economic Times →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, where the real interview begins. Dress for the job, or at least for the video call.
It sits on your phone like an app and has never once asked for an update.
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