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Jio Platforms' shares rose as much as 23% on their first day of trading, pushing Reliance Group's market value past ₹30 trillion and ahead of Tata Group as India's most valuable conglomerate. Business Standard says the listing lifted both Jio and its parent, Reliance Industries, into rarefied air.
Read more at Business Standard →
Hindustan Unilever's sales rose 15% to a 14-quarter high, and the Surf Excel maker expects demand to stay resilient, though persistent inflation and rural stress remain challenges. CEO Priya Nair called volume momentum during price increases a very good sign. Shoppers paid more and bought more anyway.
Read more at The Economic Times →
Vedanta's September quarter profit attributable to owners more than doubled to ₹3,650 crore from ₹1,798 crore, as revenue rose 57% to ₹25,812 crore and EBITDA more than doubled on higher metal prices. Its zinc cost of production fell 29% to $703 a tonne after a move to underground mining.
Read more at BusinessLine →
Adani Enterprises' consolidated profit fell 54% to ₹1,492 crore in the September quarter from ₹3,304 crore, even as revenue from operations rose 75% to ₹37,216 crore. The copper business did much of the lifting, with revenue up 11-fold to ₹14,772 crore. The profit line declined the invitation.
Read more at BusinessLine →
Hero MotoCorp's consolidated profit rose 42% to ₹1,861 crore in the September quarter, from ₹1,308 crore a year earlier, as revenue grew 23% to ₹14,971 crore. Higher two-wheeler sales and strong scooter demand drove the quarter for India's largest two-wheeler maker.
Read more at Business Standard →TVS Motor's consolidated profit rose 46% to ₹1,219 crore on record quarterly sales, strong exports and a surge in electric two-wheeler volumes. Its board also approved demerging the consumer finance business into a separate entity, Harita ARC, and merging subsidiary TVS Motor Services into the company.
Read more at Business Standard →Hyundai Motor India's consolidated profit fell 24% to ₹1,196.1 crore in the September quarter, hit by higher commodity prices and geopolitical tensions, even as revenue grew 18.5% to ₹20,696 crore. EBITDA fell to ₹1,974.5 crore. Selling the cars has become the easy part.
Read more at BusinessLine →The Union Cabinet approved a ₹10,000 crore Container Manufacturing Scheme that runs for 13 years and aims to raise domestic capacity nearly tenfold to 750,000 TEUs a year by 2040. Official estimates see India's container traffic growing from about 24 million TEUs in 2024 to 175 million by 2047.
Read more at The Economic Times →India's industrial output grew 6.7% in September, down from a revised 7.8% in August, provisional government data showed. Manufacturing, about three quarters of the index, grew 7.6% against 8.6% a month earlier. Power generation rose 11.2% on strong demand, while mining slipped further.
Read more at Mint →Noida's apparel units have shrunk to 1,800 from 2,400 in six months, and Surat's diamond factories have stretched Diwali shutdowns to 25 days from 15 last year, as US demand slows. The Noida Apparel Exporter Cluster's president said units will not reopen without an India-US trade agreement.
Read more at The Economic Times →Meesho's net loss narrowed 68% to ₹132.4 crore in the September quarter from ₹411.4 crore a year earlier, as revenue rose 34% to ₹4,132 crore on higher orders and festive demand. The loss in the previous quarter was ₹132.8 crore, which makes the sequential progress harder to spot.
Read more at Business Standard →PVR INOX's net profit more than doubled to ₹263.1 crore in the September quarter from ₹105.5 crore, while revenue rose 17% to a record ₹2,105.1 crore. Strong box office collections and higher ticket prices did it. Audiences turned up and paid more for the privilege.
Read more at Business Standard →The textiles ministry will reopen the PLI scheme's application portal from 1 November to 31 December and has cut the minimum turnover requirement from ₹200 crore to ₹100 crore to draw in MSMEs and mid-size firms. The scheme's tenure runs to FY34 for applicants approved under Round 4.
Read more at Business Standard →Mukesh Ambani hosted a party for thousands of employees at Reliance Corporate Park to mark Jio Platforms' listing. October salaries were paid early on 15 October, and 75% of the 2026-27 annual cash bonus was disbursed on Wednesday, months ahead of the usual payout. Listing day doubled as payday.
Read more at Business Standard →
The Sensex fell 352.64 points, or 0.48%, to 73,246.03, recovering most of its sharp intraday losses, while the Nifty slipped 50.90 points to 22,698.85. Reliance, IT stocks and rising crude prices did the dragging. Jio Platforms, on its first day, closed nearly 27% above its issue price.
Read more at BusinessLine →
The Nifty IT index fell about 3.9% on Wednesday as investors turned cautious before the US Federal Reserve's decision and kept worrying about growth in IT services. Infosys fell around 5%, Tata Consultancy Services 3.7% and HCL Technologies 3.64%, leading the sector lower.
Read more at tradebrains.in →
The rupee fell 21 paise to close at a provisional 95.28 against the dollar on Wednesday, weighed down by a stronger dollar and surging crude prices. It opened at 95.01 and touched an intraday low of 95.29. Forex traders expect a slight negative bias to continue.
Read more at BusinessLine →
India remains a structurally attractive emerging market but is no longer an obvious buy for foreign investors, panellists said at the Business Standard BFSI Insight Summit. Slower relative growth, elevated oil prices, uncertain earnings visibility and technology-led disruption are weighing on inflows. Structurally attractive is doing a lot of work.
Read more at Business Standard →
Ola Electric's ₹1,000 crore rights issue was fully subscribed on Wednesday evening with two days still left, drawing bids for 37.14 crore shares against 37.03 crore on offer. Founder Bhavish Aggarwal participated fully. The shares have rallied 23%, according to Business Standard.
Read more at Business Standard →Syngene International shares closed 12% higher at ₹411, their biggest single-day gain in six years, after September quarter results. Net profit of ₹32.2 crore turned around a ₹9 crore loss in the first quarter, though it was lower than a year earlier. The market chose to grade on the curve.
Read more at Mint →Sona BLW Precision Forgings, or Sona Comstar, hit a new high of ₹882, gaining 4% intraday on Wednesday in an otherwise weak market. The auto ancillary maker's shares rose for a third straight day, up 17% over the period, and have doubled from their January low.
Read more at Business Standard →At least half a dozen overseas investment funds have launched in India in six months, including the JioBlackRock Advantage World Equity Fund this week, as weak returns at home push retail investors abroad. Policymakers spent years coaxing household savings into domestic equities. The savings listened and kept going.
Read more at The Economic Times →Economists in a Reuters poll expect India's growth to slow from a surprisingly strong start to the fiscal year and hover around 7%, as higher energy costs add to near-term inflation risks. The war with Iran has so far had limited impact on growth but has pushed up inflation.
Read more at Business Standard →Brent is trading near $115 a barrel and WTI around $101. Kotak Neo's Kaynat Chainwala says October's oil rally has shifted from reflecting genuine physical tightness to pricing what could happen next. The barrels are fine, in other words. The worrying is doing the work.
Read more at Business Standard →The Dow rose 0.24% to 52,503.78, the S&P 500 0.33% to 7,748.03 and the Nasdaq 0.32% to 26,561.24 after the Fed left rates unchanged and upgraded its view of the economy. Chair Kevin Warsh said the Fed had made clear its willingness and readiness to act.
Read more at The Economic Times →Alphabet missed Wall Street's profit and revenue expectations, and its shares fell more than 10% in extended trading. Free cash flow came in at negative $9.07 billion against expectations of roughly breaking even, and the CFO said AI-driven capital spending will increase significantly in 2027.
Read more at BusinessLine →SK Hynix's third-quarter operating profit soared 632% to a record 83.33 trillion won, or $62.8 billion, on demand for advanced semiconductors. Chip stocks including AMD and Micron rose up to 5% on the news, ahead of results from Microsoft and Alphabet after the bell.
Read more at Mint →The UK homebuilders index fell more than 4% after the budget speech, reversing a 2% pre-budget rally, with Barratt Redrow, Taylor Wimpey and Persimmon down over 5% each. The Your First Home scheme starts next spring, but the first equity loans are not expected until April 2027.
Read more at The Economic Times →
Gautam Adani is exploring a potential acquisition of Rotterdam-based energy storage group VTTI, which could be valued at around €3 billion, people familiar with the matter said. Supply disruptions have made such facilities more valuable for energy trading. IFM Investors and Vitol each own around 45% of VTTI.
Read more at BusinessLine →
The US Department of Justice has made inquiries about how Nvidia's $12.93 billion deal to buy Hugging Face would affect competition in AI, two people told Reuters. The questioning covers Nvidia's acquisitions, investments, sales practices and whether it pressured customers. The open-source platform now has a very closed review.
Read more at Mint →
Nelson Peltz's Trian Fund Management has offered $7.35 a share in cash to take Wendy's private, a premium of nearly 19% to Tuesday's close. Trian already owns 16.3%. Wendy's share of US burger chain sales fell to 10.4% last year from 11.5% in 2019, according to Technomic.
Read more at The Economic Times →
Cloud security startup Upwind raised a $400 million Series C at a $3.8 billion valuation led by Bessemer Venture Partners, nine months after a round at $1.5 billion. The round nearly fell apart after Datadog tried to buy the company, a person familiar with Upwind told TechCrunch.
Read more at TechCrunch →
Bengaluru AI startup Sarvam is reportedly in talks to raise around $300 million in a round that could include Cognizant and value it at $3.5 billion to $4 billion, Inc42 reports, citing ET. That would be more than double the $1.5 billion valuation of its previous round.
Read more at Inc42 →Fortis Healthcare has acquired Suguna Hospital in Bengaluru for about ₹277 crore in an all-cash slump sale through its subsidiary International Hospital. The deal covers the 110-bed hospital's operations, land and building on Dr Rajkumar Road in Rajajinagar, expanding Fortis in the city's north-western corridor.
Read more at BusinessLine →TVS Motor approved buying all of STPL Trading and Services for ₹530.08 crore in a related party deal priced at arm's length. The purchase raises its indirect stake in TVS Credit Services by about 2.4%. STPL also holds 7.5% of NBFC Home Credit India Finance.
Read more at scanx.trade →TSF Investments, formerly Sundaram Finance Holdings, sold 7,55,682 shares of TVS Holdings at ₹10,905 each, according to BSE bulk deal data. The buyers were VS Trust and Srinivasan Trust. TVS Holdings closed at ₹11,815.05, up 2.96%, comfortably above the deal price.
Read more at BusinessLine →Blackstone has acquired part of a $1.3 billion co-investment portfolio on the secondary market, people familiar with the matter said, adding exposure without launching a new fund. It is also reportedly in advanced talks to invest several hundred million dollars in Indian avionics specialist Accord Software Systems.
Read more at Yahoo Finance →Private equity investment in Indian real estate fell 31% to $1.66 billion in the first nine months of 2026 from $2.41 billion, the lowest in six years, Knight Frank says. The number of deals rose from 24 to 31. More deals, less money, mostly because the large cheques stayed home.
Read more at Hindustan Times →Global buyout funds are building hospital platforms in India, stitching regional networks under one management to raise revenue per bed and cut costs, Medical Buyer reports. Blackstone and KKR now control close to 100 Indian hospitals, and deal value topped ₹10,000 crore in the June 2026 quarter alone.
Read more at medicalbuyer.co.in →A PFRDA committee is reportedly reviewing rules that would let National Pension System managers put more into private markets, alternative assets, unlisted equities and lower-rated corporate debt, Bloomberg reports. Another proposal would widen the eligible listed equity universe from 250 companies to as many as 500.
Read more at privateequitywire.co.uk →Freshworks has acquired Israel-based Robusta, an AI startup that helps companies find the causes of technology outages and recommends fixes. Its incident investigation technology will go into Freshservice, Freshworks' IT service management platform. Financial details were not disclosed, which is one outage nobody will be investigating.
Read more at The Economic Times →Cholamandalam Investment's board approved raising up to ₹5,000 crore through a qualified institutional placement over the next six to nine months, as quarterly profit rose 41%. Assets under management grew 25% to ₹2.68 lakh crore and disbursements rose 47% to ₹35,872 crore.
Read more at The Economic Times →
The US Federal Reserve kept rates in the 3.75% to 4% range by a 10 to 2 vote, with Lisa Cook and Beth Hammack dissenting. Mint explains why it did not hike with inflation still elevated. Chair Kevin Warsh suggested its policies are already showing signs of impact.
Read more at Mint →
Much of the world faces inflation from the West Asia crisis, but China's stays stubbornly below its 2% target, Mint explains. Weak domestic demand, a long property slump and industrial overcapacity are to blame. Cheaper Chinese goods can then export that disinflation, intensifying global competition.
Read more at Mint →
Indian residents can invest in foreign stocks through the RBI's Liberalised Remittance Scheme or platforms operating through GIFT City, Mint explains. LRS allows remittances of up to $250,000 a financial year for permitted purposes, and the entire limit can be used for investments in foreign stocks and overseas ETFs.
Read more at Mint →
The Liberalised Remittance Scheme lets residents send up to $250,000 abroad a year. A Zee Business report says the RBI has proposed a ₹50 lakh sub-limit on some transactions to curb dollar outflows. Business travel and pilgrimages may be included, with education and medical expenses likely excluded.
Read more at Mint →
From 1 November, small online sellers can register for GST in states where they have no premises by using an ecommerce platform's warehouse as their local base. CBIC's notifications also revised rules for scrap, hospitality, fertilisers and retreaded tyres, and eased refunds for exporters.
Read more at The Economic Times →A one-day EMI delay makes an account overdue and can attract late charges, but it does not automatically cause an immediate drop in the credit score, Mint explains. The impact depends on the lender's reporting practices, the length of the delay and repayment history. Repeated delays are what hurt.
Read more at Mint →Banks are offering interest rate concessions and processing fee waivers for Diwali purchases of homes and vehicles, Mint reports. The discounts may appeal more after the RBI raised the repo rate by 25 basis points on 7 October. Festive, in this context, still involves reading the fine print.
Read more at Mint →Retail investors should check an IPO's size, business model, financials and risk factors, not just listing gains, DRChoksey FinServ's Deven Choksey said at the BFSI Insight Summit. Offer documents run to hundreds of pages, and investors often lack time to read them.
Read more at Business Standard →Three and five-year fund returns are averages that can hide a bad recent year behind one or two exceptional ones, Lemonn's Gaurav Garg told Mint. Trackk's Vedant Gupte said a weak one-year return that still beats peers in a falling market is a good sign.
Read more at Mint →Just over a third of Indian family enterprises and wealth custodians have a clear, documented succession plan, a Grant Thornton Bharat and Entrust Family Office report finds. Another 42% broadly agree on succession but have not formalised it, and 6% do not consider it a priority yet.
Read more at Mint →Eisner Advisory Group chief executive Charles Weinstein told Mint that the billing model of professional services is headed for radical change, with hourly rates giving way to value-based pricing. The firm has rolled out 11 homegrown AI tools for assurance. Software does not bill by the hour.
Read more at Mint →TeamLease RegTech found 4,694 compliance gaps across 52 workplaces, 70% of them punishable and 46% carrying possible imprisonment. Indian firms answer to three levels of government and 41 types of compliance, it says. Its CEO said every leadership team believes it is compliant.
Read more at The Economic Times →The ITAT accepted ₹2.75 lakh of a bank employee's ₹3 lakh cash deposits as explained by wedding gifts and savings, but sustained a ₹25,000 addition because confirmations were missing for some gifts, Mint reports. The tribunal weighed her employment, donor list and finances. Keep the list of who gave what.
Read more at Mint →Investors should avoid blindly following stock tips and should question the costs and conditions of any financial product, finance coach Sanjay Kathuria said at the BFSI Insight Summit. He flagged penny stocks and F&O bets on doubling money overnight. He also said he had made almost every mistake himself.
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.