The Economic Times
The Nifty fell 2.4% to 22,600 as Brent crude climbed above $114. The Midcap 100 dropped 5.6% and the Smallcap 100 7.3%. FIIs sold Rs 26,970 crore of shares during the week, while domestic institutions bought Rs 1.09 lakh crore.
Read more at The Economic Times →Business Standard
Sanjay Malhotra repeated that upper layer core investment companies have to list on the stock exchanges, which puts fresh pressure on Tata Sons. The RBI has already turned down its request to deregister and is waiting for a compliance plan.
Read more at Business Standard →News18
The central bank's October bulletin credited sustained domestic demand and strong services activity for keeping growth on track, despite rising oil prices and global uncertainty. It describes the economy as well anchored against global headwinds.
Read more at News18 →Business Today
Net profit reached Rs 7,823 crore in the September quarter and revenue rose 10.7% to Rs 49,244 crore. In constant currency terms, growth was a slimmer 1.5% from a year ago and 1.2% from the previous quarter.
Read more at Business Today →BusinessLine
Net profit rose to Rs 5,279 crore in the September quarter from Rs 1,623 crore a year earlier, on higher volumes and better prices. It spent Rs 11,136 crore on capex in the first half and plans Rs 12,864 crore more.
Read more at BusinessLine →BusinessLine
Net profit reached Rs 6,919 crore in the September quarter, while revenue rose 44% to Rs 19,439 crore from Rs 13,457 crore a year ago. Higher sales, better tariffs and revenue recognised from earlier periods drove the jump.
Read more at BusinessLine →BusinessLine
Revenue rose to Rs 1.58 lakh crore, but EBITDA fell nearly 14% to Rs 9,437 crore as the state refiner absorbed costs from frozen fuel prices. Net profit came in at Rs 4,863 crore for the quarter.
Read more at BusinessLine →The Hindu
Higher income and better asset quality lifted the bank's September quarter earnings. Gross non-performing assets fell to 1.04% from 1.39% a year earlier, a sign of a cleaner loan book at one of India's largest private lenders.
Read more at The Hindu →The Hindu
Profit after tax rose 197% to Rs 1,045 crore on lower provisions. The bank also raised Rs 34,390 crore in FCNR(B) foreign currency deposits, despite having no branch, subsidiary or representative office outside India.
Read more at The Hindu →Business Today
The company posted a net profit of Rs 1,257 crore in the September quarter, with revenue up 36.3% to Rs 25,338 crore. It is also standing firm on its Rs 1,531 per share bid for Iveco, despite investor questions about valuation.
Read more at Business Today →BusinessLine
Net profit dropped to Rs 925 crore in the September quarter. A provision for semaglutide inventory and lower lenalidomide sales in North America weighed on the drugmaker's results, which disappointed after a run of strong US earnings.
Read more at BusinessLine →BusinessLine
Net profit slid to Rs 154 crore in the September quarter, down from Rs 405 crore a year earlier. The real estate developer's stock has fallen about 6.5% in a week as investors weigh what comes next.
Read more at BusinessLine →Mint
MCX gold has fallen 21.43% from its January peak to Rs 1,42,024 per 10 grams, hit by inflation worries, higher crude and investor selling. Experts say festive demand may offer support and suggest buying gradually.
Read more at Mint →BusinessLine
HPCL says its under-recovery on cooking gas cylinders will rise to Rs 327 in November, as it reports mounting losses and refinances debt. Freight-linked costs are adding to the pressure on state fuel retailers.
Read more at BusinessLine →Business Standard
The markets regulator is reviewing short selling and securities lending rules and plans an AI sandbox and bond market making. It is also finalising responsible AI guidelines and graded compliance norms for brokers.
Read more at Business Standard →Business Standard
The regulator told Avadhut Sathe Trading Academy and its founder to refund Rs 546.17 crore collected for unregistered investment advice, plus Rs 67.87 crore in interest. Both are barred from the securities market for two years or until they comply.
Read more at Business Standard →Business Today
Chairman Tuhin Kanta Pandey said the next big growth in retail broking will come from smaller towns and villages. He pointed to the IMF's 7% growth projection for India, more than twice the global pace.
Read more at Business Today →BusinessLine
Anup Bagchi takes over from Sashidhar Jagdishan on 27 October, with the bank's shares hovering near a 52-week low. Investors will watch whether the leadership change steadies a stock that has been volatile in recent weeks.
Read more at BusinessLine →BusinessLine
The unique IDs under the Digital Agriculture Mission are meant to be the only document a farmer needs for loans, crop insurance, disaster relief and selling produce. The Centre crossed the mark before its March 2027 deadline, and 26% belong to women.
Read more at BusinessLine →ET EnergyWorld
Under the Rs 84,084 crore Samudra Manthan scheme, the Centre will cover half the cost of 60 deepwater and ultra-deepwater wells. In return it wants a share of revenue back from projects that strike oil or gas.
Read more at ET EnergyWorld →BusinessLine
Air India and Air India Express cancelled Riyadh and Dammam flights until 7 November, with Jeddah services suspended until 31 October. IndiGo and Akasa Air have also halted Saudi routes after attacks on airports in the Gulf country.
Read more at BusinessLine →BusinessLine
Liquor makers want India to explain why bulk Scotch imports are left out of the tariff cut under the India-UK trade deal. An industry group warns the dispute risks disrupting the market and could undermine the pact's benefits.
Read more at BusinessLine →Mint
Cleartrip says Diwali leisure hotel bookings rose 135%, while bookings by travellers aged 15 to 24 jumped 60%. Demand is shifting beyond the usual hubs to places like Bengaluru, Jaipur, Taipei and Cebu.
Read more at Mint →Hindustan Times
States and Union Territories must strictly enforce a ban on reusing single-use devices and disposable surgical items in public and private hospitals. The Centre cited infection risks and cases of patients being charged full price for reused equipment.
Read more at Hindustan Times →The Hindu
The activity-based module, built with IIT Madras and IIT Jodhpur, teaches computational thinking, deepfake detection, data privacy and responsible AI use. It aims to set ethical boundaries early as AI tools spread among students.
Read more at The Hindu →