Larsen & Toubro reported its highest ever quarterly order inflow of ₹1.47 lakh crore, while second-quarter net profit rose 33% to ₹5,202 crore on 16% revenue growth to ₹78,750 crore. Lower finance costs, treasury income and working capital efficiency helped, as EBITDA stayed largely flat at ₹6,845 crore.
Read more at BusinessLine →
Maruti Suzuki's consolidated net profit fell 26.4% to ₹2,466.1 crore in the September quarter, from ₹3,349 crore a year earlier, even though revenue rose 26% to ₹53,355 crore. Higher commodity costs, adverse forex movements and losses on mutual fund holdings did the damage.
Read more at Business Standard →
Three Tata Electronics entities reported combined export revenue of ₹99,128 crore in FY26, up from ₹76,953 crore in FY25, according to filings with the registrar of companies. The figures are not strictly comparable, but the iPhone supply chain has clearly found a new address.
Read more at The Economic Times →
Bajaj Auto's consolidated net profit rose 62% to ₹3,436.1 crore in the September quarter, as revenue grew 59% to ₹25,125.56 crore on a 41% rise in exports and strong electric vehicle sales. Quarterly revenue crossed ₹20,000 crore for the first time, helped by consolidating its overseas KTM operations.
Read more at Business Standard →
Anup Bagchi has taken charge as managing director and chief executive of HDFC Bank, India's largest private sector lender, after Sashidhar Jagdishan vacated office on completing his term. Bagchi, an ICICI Group veteran, is the first outsider to head the bank in its over three-decade history.
Read more at Business Standard →Paytm parent One 97 Communications reported September quarter profit after tax of ₹225 crore, up from ₹21 crore a year earlier, as revenue rose 28% to ₹2,648 crore. EBITDA grew 90% to a record ₹270 crore, and the margin reached double digits for the first time, at 10%.
Read more at BusinessLine →Jaguar Land Rover India has begun producing the Defender 110 at its Pune facility, cutting the price of the fully loaded top-end version by up to ₹34 lakh. India is the first market outside Europe to build the Defender, and JLR expects sales volumes to rise as much as 20%.
Read more at BusinessLine →Hyderabad recorded 4.21 million sq ft of gross office leasing in the September quarter, more than double the previous quarter and 49.5% higher than a year earlier, as Wise and DE Shaw signed big deals. Only Bengaluru, at 5.2 million sq ft, leased more among India's top eight cities.
Read more at The Economic Times →ACC, an Adani Group company, reported a 92% fall in September quarter net profit to ₹93 crore from ₹1,119 crore, though the year-ago figure had a ₹659 crore tax reversal. Revenue fell 5% to ₹5,666 crore, EBITDA more than halved to ₹401 crore and volumes slipped to 9.7 million tonnes.
Read more at BusinessLine →United Breweries, controlled by Heineken, reported a 191% jump in September quarter consolidated net profit to ₹134.81 crore, from ₹46.34 crore a year earlier. Revenue from operations rose 23.7% to ₹4,623 crore, driven by premium volumes, premiumisation and productivity initiatives. Kingfisher sales were up 44%.
Read more at Mint →Radico Khaitan reported its highest ever quarterly revenue, EBITDA and volume in the September quarter, with standalone net profit up 66.1% to ₹230.9 crore. Net revenue grew 16.8% to ₹1,745.1 crore, and EBITDA margins widened 462 basis points to 20.4%. The shares rose 1.54% to ₹4,279.
Read more at BusinessLine →Cipla's consolidated net profit fell 35% in the September quarter to ₹878 crore, as revenue slipped 2.4% to ₹7,404 crore on weaker North America and API businesses. India revenue, meanwhile, grew 12% to ₹3,516 crore. The home market carried the bags this quarter.
Read more at Business Standard →Steel Authority of India's September quarter net profit rose to ₹1,750 crore from ₹418.72 crore a year earlier, as revenue from operations climbed to ₹31,997.55 crore from ₹26,704.17 crore. Total expenses rose to ₹29,913.65 crore. SAIL has an annual capacity of over 20 million tonnes.
Read more at The Economic Times →Tata Capital reported a 51% rise in September quarter consolidated net profit to ₹1,660 crore, from ₹1,097 crore a year earlier. Net total income rose 24% to ₹4,676 crore from ₹3,774 crore, the company said in a regulatory filing. The lending business, it appears, is lending.
Read more at Business Standard →
Jio Platforms debuts on Indian exchanges on 28 October after an IPO that issued 27 crore new shares at ₹1,119 each, valuing it at ₹10.3 lakh crore and making it India's fourth-largest company by market value. A 20% premium on listing could make it the second-most valuable, India Today reports.
Read more at India Today →
The Nifty 50 settled at 22,749.75 on 27 October, down 3.45 points, and the Sensex closed at 73,598.67, down 8.08 points, in a volatile session. Banking, financial and IT stocks fell, crude stayed elevated and the US Fed loomed, while Nifty Media rose 3.54%.
Read more at insights.dsij.in →
Mazagon Dock Shipbuilders shares crashed 10% after September quarter net profit fell 54%, as revenue dropped 16.5% to ₹2,446 crore from ₹2,929 crore. The company declared an interim dividend of ₹5 a share, with 3 November as the record date, and proposed raising its authorised share capital to ₹900 crore.
Read more at The Economic Times →
Infosys was downgraded by at least four brokerages in a single day, including Axis Capital, Arihant Capital Markets and IIFL Capital Services, after India's second-largest software exporter cut its annual sales forecast. The move deepened concerns about demand recovery and disruption from artificial intelligence, Bloomberg reports.
Read more at Business Standard →
Foreign investors cut holdings in India's biggest companies this year, ET reports. FII ownership in HDFC Bank fell 2.43 percentage points as its shares fell 30%, while Reliance Industries saw a 0.52 point drop and a 24.2% share decline. TCS, Bharti Airtel and Maruti Suzuki were also on the list.
Read more at The Economic Times →India lost its lead among emerging market peers to Vietnam in September for the first time in five months, Mint's Emerging Markets Tracker shows. India lagged Vietnam on five of seven indicators, and the wide gaps in stock market capitalisation and export growth pulled its ranking lower.
Read more at Mint →The yield on India's benchmark 6.94% 2036 bond briefly tested 7.50% before falling nearly 5 basis points to 7.4360%, its first easing in nearly a week and the biggest since 27 July, on value buying. Brent crude swung between $114.40 and $117 a barrel during Asian trade.
Read more at The Economic Times →The rupee closed 3 paise higher at a provisional 95.12 against the US dollar on Tuesday, backed by likely RBI intervention, after trading between 95.09 and 95.24. Elevated crude prices, a stronger dollar before the Fed decision and selling by foreign equity investors kept the recovery small.
Read more at BusinessLine →India should not fixate on a number for the rupee or run down foreign exchange reserves to defend it, former RBI governor Raghuram Rajan told the Reuters Global Markets Forum. The rupee has lost about 6% this year and hit a record low of 96.96 in May.
Read more at BusinessLine →Kotak Institutional Equities projects Nifty 50 net profits to grow 18% in FY27 and 13% in FY28, despite geopolitical strain, elevated crude prices and macroeconomic pressure. Early second-quarter earnings delivered positive surprises, with Nifty 50 net profits 1.7% above brokerage estimates, the report says.
Read more at BusinessLine →Bandhan Bank shares rose as much as 3.97% to ₹157 on Tuesday after reports that First Abu Dhabi Bank is considering buying a stake in the private lender. The stock later traded 2.7% higher at ₹155.10, valuing the bank at about ₹24,989 crore, ahead of results on 28 October.
Read more at Fortune India →Tata Consumer Products shares ended 6.78% higher at ₹1,000 on the NSE after consolidated net profit attributable to shareholders rose 16% to ₹469.30 crore in the September quarter. Standalone profit fell 14.9% to ₹242.81 crore, even as standalone revenue rose 17%. Investors chose the bigger number.
Read more at BusinessLine →Deutsche Bank expects the RBI to raise the repo rate by 25 basis points in December 2026 and by another 50 basis points in the first half of 2027, taking it to 6.25% and implying 100 basis points of tightening this cycle. The forecast is more hawkish than market expectations.
Read more at Mint →The RBI could raise interest rates by another 50 basis points in December before pausing until 31 March, SBI Chairman C S Setty said at the Business Standard BFSI Insight Summit 2026 in Mumbai. He said higher rates could moderate discretionary spending and consumption credit.
Read more at Business Standard →
Coca-Cola is likely to file draft IPO papers for its Indian bottling business, Hindustan Coca-Cola Holdings, with Sebi by 29 October, a source told Fortune India. It targets a valuation of about $10 billion, with the roughly $1 billion issue mostly a stake sale. The listing is expected in 2027.
Read more at Fortune India →
EQT-backed Indira IVF is likely to buy 70 to 75% of CX Partners-owned Sabine, valuing it at ₹1,200 to 1,300 crore, ET reports. CX bought about 54% of Sabine in 2024 at a valuation of about ₹835 crore. Sabine expects revenue of ₹230 to 250 crore.
Read more at The Economic Times →
Advent International has raised close to $27 billion for its 11th flagship fund, beating its $26 billion target, plus more than $3 billion for a new mid-market strategy. Investors included pensions, sovereign wealth funds, endowments and family offices.
Read more at Mint →
API Holdings, which runs digital pharmacy PharmEasy, is exploring a merger with its listed diagnostics subsidiary Thyrocare Technologies, according to people familiar with the matter. If it goes ahead, the plan would bring the key brands under a single operating company and streamline group operations.
Read more at ET Now →
Apollo Global Management will take a stake of nearly 10% in Mubadala Capital, the alternative asset arm of Abu Dhabi's Mubadala Investment Company. Apollo and other investors are expected to commit a combined $5 billion to its strategies. Mubadala stays the majority owner, with closing expected in the fourth quarter.
Read more at indiaweekly.biz →Protectt.ai Labs has acquired a majority stake in AIShield, an artificial intelligence security platform incubated at Bosch Global Software Technologies, through a mix of new shares and a purchase from existing investors. Terms were not disclosed. AIShield will now operate independently as AI Shield Private Limited.
Read more at Fortune India →ITRG Holdings, of Info-Tech Research Group, has bought 100% of Indian SaaS management company Zluri Technologies from 32 sellers, including its founders, MassMutual Ventures, Kalaari Capital, Endiya Partners, Lightspeed India Partners and angel investors. Shardul Amarchand Mangaldas advised Zluri, its founders and the institutional sellers.
Read more at scconline.com →Cent, a preventive health intelligence company co-founded in 2025 by Practo founder Shashank ND, has raised $15 million in a Series A of equity and debt led by Blume Ventures and South Park Commons. The money goes to R&D and its AI, engineering and clinical teams.
Read more at BusinessLine →AI inference company Simplismart has raised $14 million in a Series B led by Dallas Venture Capital, with NVIDIA, Accel, Shastra VC and Micromax participating. The money will expand its platform for running AI applications, strengthen cloud partnerships and grow the business across North America and other global markets.
Read more at Business Standard →Troovy, which sells clean label ketchups, vacuum-cooked potato chips and millet-based chips, has raised ₹100 crore in a Series B led by Fireside Ventures, with Sharrp Ventures participating. The money goes to R&D, manufacturing capacity and distribution across quick commerce and offline channels. The chips are now well capitalised.
Read more at BusinessLine →Hiranandani Communities and Krisala have expanded their partnership to ₹20,000 crore of projects, including two new Pune projects and a 100-acre golf township in Nagpur, alongside their existing 105-acre Pune township. Each deal could be an outright purchase or revenue sharing, depending on land ownership.
Read more at The Economic Times →Gurugram-based technology and contract manufacturing company VVDN Technologies is considering an Indian IPO that could raise as much as $300 million, Bloomberg reports, citing people familiar with the matter. It has invited investment banks to pitch for roles this week. Deliberations are early and size and timing could change.
Read more at BusinessLine →Ascentium India, formerly InCorp India and backed by Hillhouse, has acquired the consulting and advisory division of 47-year-old Mumbai CA firm PR Bhuta & Co, known for FEMA, international taxation and cross-border advice. It is a buy-and-build roll-up, The Finance Story reports. Chartered accountancy has met private equity.
Read more at thefinancestory.com →Ben & Jerry's co-founders are in talks with KKR's Pete Stavros about breaking the ice cream brand away from its owner and setting up an employee stock ownership plan, the WSJ reports. No agreement has been finalised, and neither Magnum nor KKR commented.
Read more at brandequity.economictimes.indiatimes.com →
The road transport ministry has amended the Central Motor Vehicles Rules, 1989, to allow fuels with up to 100% ethanol. That opens the way for flex-fuel vehicles, which run on petrol, ethanol blends or pure ethanol. It does not mean every petrol car can now use E100.
Read more at The Hindu →
TRAI has proposed a framework for internet-based television under which device makers and operating system providers must ensure only authorised application-based linear television distribution apps appear on their devices and app stores. The recommendations, released on 26 October, extend regulation to the software viewers use to watch.
Read more at Business Standard →
Tokenised bonds use blockchain-based records to track ownership and settle payments, cutting out several intermediaries that traditional bonds rely on, Mint explains. India's first issuances came from REC and Larsen & Toubro at ₹500 crore each and IIFL at ₹25 crore, ₹1,025 crore in all.
Read more at Mint →
Individual creators, freelancers and small service exporters remain confused about whether they must file an export declaration form under RBI's new forex rules, Business Today explains, even after Governor Sanjay Malhotra clarified individuals need not submit it. At least one bank emailed a customer asking for one, in error.
Read more at Business Today →
Finance Minister Nirmala Sitharaman has acknowledged the debate over long-term capital gains tax ahead of February's Union Budget, saying LTCG, securities transaction tax and taxation of different asset classes remain important subjects for investors. Mint explains why the demand to cut it is growing and what the levy earns.
Read more at Mint →After the 57th GST Council meeting, draft GSTR-1, GSTR-1A and IFF forms go up on myGov on 1 November for comment until 30 November, taking effect from 1 April 2027. A CBIC commissioner says nearly 80% of GST notices arise from return mismatches, which the changes aim to cut.
Read more at Business Today →Gifts of jewellery from specified relatives are tax-free when received, but selling them later can still attract capital gains tax, Mint explains. The liability depends on the cost of acquisition, the holding period and the sale price, and the date the jewellery was inherited or gifted matters.
Read more at Mint →Filming the signing of a will can strengthen the record that the person understood the document, appeared mentally capable, acted voluntarily and signed before witnesses, Mint explains, and Indian courts have accepted such videos as supporting evidence. A video cannot replace proper execution or attesting witnesses.
Read more at Mint →A score of 750 or more out of 900 is favourable but not the only factor in loan approval, Mint explains. Checking your own score does not lower it, a higher salary does not guarantee a better score, and an excellent score does not guarantee a loan.
Read more at Mint →A report flagging India as a channel for Chinese goods to the US conflates legitimate trade with illegal transshipment, argues an ET analysis. Importing Chinese components and adding value before re-export is ordinary manufacturing, while falsely claiming origin to dodge duties is fraud, the piece says.
Read more at The Economic Times →The Supreme Court has issued notices to the law and IT ministries on a petition by the Digital News Publishers Association challenging the Digital Personal Data Protection Act, 2023, and its 2025 rules. The Tribune explains the case, which builds on the 2017 right to privacy ruling.
Read more at The Tribune →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.
iPhone