Tata Motors has completed its acquisition of Italian truckmaker Iveco as the tender offer closed with nearly 88% of shares tendered. The deal, announced in July 2025, carries an enterprise value of about $4.5 billion and faced resistance from some minority shareholders over price. Fifteen months is quick for trucks.
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Noel Tata has asked Tata Sons to remove all reference to N. Chandrasekaran's reappointment from its board minutes. His nine-page letter says a filing to the Registrar of Companies presents a "contested and void resolution as a concluded act of the board." The minutes are now the meeting.
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Tata Communications will spend Rs 4,350 crore on about 10,000 km of AI-ready links between data centres, rolled out in three phases between FY30 and FY36 and funded from operating cash flows. It is targeting 40% of India's data centre connectivity market. The roadmap is longer than most AI companies.
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Trent has signed a licensing deal with British chain Caffe Nero to open cafes inside Westside and Zudio stores, people familiar said. The group already owns half of Tata Starbucks, whose talks with Trent broke down over how prominent the Starbucks counters would be. Family coffee, two brands.
Read more at The Economic Times →
MakeMyTrip posted a September quarter net profit of $1.8 million against a $5.7 million loss a year earlier. Gross bookings rose 20.9% in constant currency to $2.7 billion, while high airfares and capacity constraints kept weighing on air ticketing. The travel company did well despite travel.
Read more at Business Standard →Tesla India's revenue from operations rose nearly 12-fold from Rs 20.8 crore in FY25, with vehicle sales contributing Rs 214.69 crore, filings show. It registered 346 vehicles between September 2025 and March 2026, and 650 in the first half of this fiscal. Selling cars helps a car company.
Read more at The Economic Times →Hyundai Motor India aims to sell at least 250,000 units of the Creta and new Bayon in 2027, up from 170,000 this year, MD Tarun Garg told ET. "250,000 units is not a limit, it is a baseline," he said. Baselines used to be smaller.
Read more at The Economic Times →Akasa Air has raised Rs 450 crore through convertible preference shares sold to existing investors, its second fundraise since last August, to meet operating expenses and fund expansion. Rekha Rakesh Jhunjhunwala put in Rs 217 crore, nearly half. The raise comes with crude above $100 a barrel.
Read more at BusinessLine →Jakson Group plans to invest Rs 6,800 crore in a solar ingot, wafer and cell plant in Andhra Pradesh, with the state board recommending 290 acres. The first phase, 3 GW of wafers and 3 GW of cells, targets production in May 2028. The plant will employ about 2,000 people.
Read more at The Economic Times →The Central Consumer Protection Authority has fined Britannia Rs 1 lakh over ads for "100 per cent whole wheat bread." The product packaging itself declared a wheat content of 62%, the authority noted. The packet, at least, was honest.
Read more at BusinessLine →HCL Technologies and Rapidus have opened two HCLTech development centres in Bengaluru and Hubli to support the Japanese chipmaker's semiconductor engineering needs. Work will include mask design, process design kit development and layout design. Rapidus is developing and manufacturing advanced logic chips.
Read more at Business Standard →Engine maker Pratt & Whitney has signed multi-year supply agreements worth over $40 million with Indian suppliers including Bharat Forge and Godrej, as it works towards sourcing $150 million a year from India by 2030. "Pratt & Whitney is firmly on track," country head Ashish Saraf said.
Read more at BusinessLine →Blue Dart Express has launched a cross-border B2C parcel service for Indian e-commerce firms and small businesses, starting with the US and later the UK, EU, Canada and Australia. Parcels of 50 g to 11 kg qualify. It estimates India's B2C e-commerce exports at around $2 billion.
Read more at BusinessLine →A government report for September found that 1,853 ongoing central infrastructure projects worth over Rs 150 crore each have a cumulative cost overrun of about Rs 3,21,976 crore. Revised cost stands at Rs 37,55,803 crore. The report did not say how many projects ran over, only by how much.
Read more at The Economic Times →
The Sensex rose 482.92 points to 73,606.75 and the Nifty gained 153.20 points to 22,753.20 on Monday, on value buying and a rally in metal, telecom and healthcare shares. In the four previous sessions the Sensex had fallen 1,605 points. Monday recovered about a third of it.
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Nearly 46% of the margin trading book, roughly Rs 72,000 crore, is estimated to sit in smallcaps, ET reports. The Nifty Smallcap 250 fell 7.10% last week and over 30 stocks hit 52-week lows. Falling prices erode the collateral behind the loans. Leverage works in both directions, mostly the second.
Read more at The Economic Times →
Jio Platforms is paying its 19 banks about Rs 196 crore in fees on its roughly $3.1 billion IPO, around 0.65% of the issue, filings show. Competition for marquee deals has compressed fees. The biggest listing has come with a modest tip.
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The Nifty 100 small-cap index fell 7% in two weeks to 17,985 on Monday, as rising crude prices and possible lending rate hikes threaten second-half earnings. CreditAccess Grameen fell 25% and Himadri Speciality Chemical 23% in that period. The dream run has met the oil price.
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Ather Energy shares rose as much as 17.6% to Rs 1,623 after it reported a Q2 net profit of Rs 1.26 crore against a Rs 154.07 crore loss a year earlier. The stock has gained 101% this financial year. The market paid generously for a profit of Rs 1.26 crore.
Read more at Business Standard →Shares of Eternal, parent of Zomato and Blinkit, rose 3.4% to Rs 327.80 on Monday, taking the two-day gain to 8% after strong September quarter results. Axis Securities recommended buying with a target of Rs 365. The stock hit a 52-week high of Rs 344.75 last month.
Read more at Business Standard →Steel Strips Wheels hit a high of Rs 533 on Monday after rallying 36% in two days on strong September quarter earnings. Trading volume jumped over 10-fold, with shares worth 15.5% of the company's equity changing hands. The stock is up 175% this year while the Sensex fell 14%.
Read more at Business Standard →ITC Hotels shares rose as much as 8% to Rs 168.50 after consolidated Q2 net profit rose 52% to Rs 201.02 crore. Revenue grew 26% to Rs 1,054.14 crore, with occupancy at 76% and RevPAR up 21%. Hotel rooms are filling faster than portfolios.
Read more at Business Standard →Morningstar CEO Kunal Kapoor said the biggest risk is investors becoming "too optimistic" about how quickly AI benefits reach company earnings. Gains concentrated in a small group of AI-linked companies make markets dependent on a limited set of outcomes, he said. Straight lines remain rare in markets.
Read more at The Economic Times →Helios Capital MD and CEO Dinshaw Irani told BusinessLine that mid and small caps still offer attractive opportunities despite volatility. He believes India can sustain nominal GDP growth of around 10% or more over the long term. Smallcap holders this month would like that in writing.
Read more at BusinessLine →
Meta Platforms plans to raise up to $95 billion in equity for data centres and AI infrastructure, starting with a $35 billion tranche of depositary shares and stock. A roughly $60 billion at-the-market offering would follow once its planned Class C stock starts trading. Shares are the new chips.
Read more at BusinessLine →
Mumbai-based Shree Naman Group has completed the acquisition of JW Marriott Bengaluru for Rs 1,611 crore and Crowne Plaza Pune for Rs 189 crore, after NCLT approval and competitive bidding. Its portfolio now spans five hotels with about 1,000 rooms. It aims for 2,500 rooms in five years.
Read more at Deccan Herald →
Bose has acquired Skullcandy from a Mill Road Capital fund without disclosing the price. Skullcandy will stay a separate brand based in Park City, Utah. "Skullcandy gives us access to a customer base that we think we're largely missing," CEO Lila Snyder told Wired. Younger ears, cheaper earbuds.
Read more at The Times of India →
Senco Gold has signed definitive agreements to acquire 68% of August Jewellery, owner of online brand Melorra, for Rs 68 crore in tranches. The primary infusion will fund growth and repay old liabilities, with completion expected by February 2027. A rupee crore per percent, neatly.
Read more at theglobeandmail.com →
Indian Overseas Bank plans to raise Rs 5,000 crore through a qualified institutional placement at the end of Q3 or early Q4. If fully subscribed, the government's stake would fall to about 86% from 92.4%. CEO Ajay Kumar Srivastava said the money is not needed for growth capital.
Read more at The Times of India →India's consumer and retail sector recorded 127 deals worth $1.92 billion in Q3 2026, Grant Thornton Bharat said. IPOs and QIPs made up $975 million, or 51% of value. M&A rose to 29 deals worth $229 million from 19 deals in Q2. Investors favoured branded jewellery and apparel.
Read more at socialnews.xyz →India's real estate sector recorded 24 deals worth $705 million in the September quarter, down 69% from $2.3 billion in the June quarter, according to Grant Thornton Bharat. Volumes fell 38%. The consultant blamed the absence of large-ticket transactions. Private equity still did nine deals worth $555 million.
Read more at PropNewsTime →Varroc Engineering has signed definitive agreements to acquire a 45% stake in Forsee Power India for up to 4.5 million euros in cash, expanding into electric mobility battery systems. The target's FY26 turnover rose to Rs 18.83 crore after declining in FY25.
Read more at scanx.trade →LEAP India has signed business transfer agreements to buy Vimprotech and Total International Packaging Solutions for a combined Rs 142 crore in cash. The company says the deals strengthen manufacturing and expand its presence in the automotive sector. Pallets, meet plastic.
Read more at investywise.com →TSF Investments, formerly Sundaram Finance Holdings, will sell its entire 3.74% stake in TVS Holdings to existing promoter group members through the block deal window. The deal is likely to be completed by November 2. "This is not a related party transaction," the company said.
Read more at BusinessLine →Liqvd Digital India has acquired the remaining 23.21% of Adlift Marketing for Rs 9 crore in cash, making it a wholly owned subsidiary. The money came from IPO proceeds, as the offer document planned. Adlift's FY26 turnover was Rs 3,803.28 lakh.
Read more at scanx.trade →Morgan Stanley PE sold 25 lakh shares, about 2.46%, of Sahajanand Medical Technologies through the company's IPO and a secondary transfer before it, advised by Shardul Amarchand Mangaldas. The IPO raised Rs 475.48 crore and the shares listed on October 23.
Read more at scconline.com →Indian PE and VC managers are committing more of their own capital to win over limited partners. Motilal Oswal Private Equity commits 10% to 12% of each fund, and Carnelian is putting over Rs 100 crore into a Rs 2,000 crore fund. Trust now comes with a sponsor commitment.
Read more at Mint →Private equity sponsors completed 655 deals globally in the first three quarters of 2026, down 21% by count while deal value rose 35%, EMIS data shows. Higher financing costs and slower exits make sponsors prefer assets with visible cash flows. In Emerging Asia, 279 deals raised $45.4 billion.
Read more at isimarkets.com →
With Anthropic's filing public, BusinessLine walks through the US IPO process, which takes three to six months. The SEC lets companies file confidentially. Banks act as underwriters to gauge demand, and companies enter a quiet period that restricts public communications before pricing. Quiet is expensive.
Read more at BusinessLine →
Pension funds bought more Indian large-cap stocks than mutual funds over the past year, says Aditya Birla Sun Life AMC's Harish Krishnan. For every Rs 100 mutual funds bought in 2024, other domestic investors bought around Rs 16. This year that figure is Rs 65.
Read more at cnbctv18.com →
The Central Consumer Protection Authority fined Shangri-La Eros Rs 1 lakh for automatically adding a 10% service charge at its Mister Chai restaurant. Calling it optional on the menu did not make it voluntary when customers had to ask for removal, the regulator found. Optional means you need not ask.
Read more at Mint →
Zombie firms are companies whose profit before interest and taxes fails to cover interest for three straight years, Mint explains. They survive by borrowing more or raising capital. A Dun and Bradstreet study of about 6,000 listed companies finds their prevalence has fallen from six years ago.
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The Nifty 50's forward P/E fell 31% from 24.8 times in September 2024 to 17.2 times, Bajaj Asset Management says, while earnings estimates kept rising. Against bond yields and market capitalisation it still looks expensive, ET explains. The margin of safety depends on which ratio you trust.
Read more at The Economic Times →Foreign investors can enter India by acquiring existing shares in companies, alongside the main automatic route, India Briefing explains. DPIIT data published on 26 October shows FDI through share acquisitions rose 3.34% in 2025 over 2024. The route comes with FEMA rules and RBI filings.
Read more at india-briefing.com →Family trusts hold assets for relatives under the Indian Trusts Act, 1882. A revocable trust lets the settlor undo it, but its income is taxed as the settlor's, so it saves no tax. An irrevocable trust gives up control for stronger protection. A trust is no automatic tax shield.
Read more at Mint →The GST Appellate Tribunal ruled on October 16 that Singapore Airlines can recover GST it paid to the government on pandemic-era cancelled flights, since it had refunded passengers the full fare including tax. The airline can claim Rs 45.92 lakh. The tax returns to whoever refunded it.
Read more at Mint →Buy now, pay later platforms advertise zero interest and card issuers offer no-cost EMIs, but the real cost depends on interest, processing fees, taxes and tenure, Mint explains. The wrong choice can mean paying more than the purchase price. Zero has always had conditions.
Read more at Mint →Tokenisation records assets such as bonds, real estate and gold on a shared digital ledger, promising cheaper and more accessible investing. Mudrex CEO Edul Patel told a Business Standard summit it could improve liquidity and transparency, though regulatory safeguards remain crucial. The ledger still needs a regulator.
Read more at Business Standard →Trilegal's Jitendra Motwani and Ginita Bodani write that after the 56th GST Council meeting rationalised rates, the 57th has turned to how GST is administered. That covers registration, input tax credit, refunds, enforcement and dispute resolution. Nine years in, the plumbing gets its turn.
Read more at cnbctv18.com →Uday Kotak described the FCNR(B) scheme as a "strong insurance policy" that gave India three to five years to strengthen its macroeconomic position. He also cautioned that the country must prepare for eventual repayment of the foreign currency deposits. The policy has a maturity date.
Read more at Business Standard →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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