Business Standard
Elevated oil prices drove Rs 48,056 crore of foreign portfolio selling this month. In the week ended 23 October, FPIs sharply reduced their selling and turned net buyers on two trading days, which in October counts as a change of heart.
Read more at Business Standard →Business Standard
Indian government bond yields rose for a tenth straight week, the longest losing streak in 30 years, with the 10-year yield reaching 7.47% as high crude and rising US yields weighed on sentiment. Forex reserves fell by $65 billion over six weeks, Business Standard reports.
Read more at Business Standard →Business Standard
Eight of the ten most valuable listed companies lost a combined Rs 1.55 trillion in market value last week, HDFC Bank and Bajaj Finance among them. The Sensex fell 1,605 points, or 2.15%, and the Nifty 2.36%, in a holiday-shortened week that still found time.
Read more at Business Standard →The Indian Express
Discussions ahead of the next Budget include lowering long-term capital gains tax from 12.5% for domestic and foreign investors and letting foreign investors pay it on a dollar basis. Officials cite two years of flat market returns on top of weak wage growth.
Read more at The Indian Express →The Times of India
The Employees' Provident Fund Organisation is discussing a dedicated Interest Stabilisation Reserve. It would shield annual payouts to its nearly 30 crore members from losses caused by corporate bond defaults and forced exits from investments, so that the bonds' problems stay the bonds' problems.
Read more at The Times of India →Business Standard
India's net foreign direct investment rose to $13.8 billion in the first five months of the financial year, up from $9.6 billion a year earlier, RBI data show. Higher gross inward investment helped, and so did Indian companies investing less abroad.
Read more at Business Standard →Mint
India and the EU are working to sign their free trade agreement in Brussels on 17 or 18 December, during the Prime Minister's expected visit, a report says. The European Commission has reportedly asked member states to approve it by fast track, a phrase rarely used about this deal.
Read more at Mint →BusinessLine
Marco Rubio says 99% of the India-US interim trade deal is done. Talks have stalled anyway, over Washington's push for higher tariffs. India will not accept more than the extra 10% levy its exports now face, sources said, and is wary of farm concessions before the US midterms.
Read more at BusinessLine →Business Today
Jio Platforms priced its Rs 30,213 crore IPO at the top of its band after the issue was subscribed 22.19 times. Bids worth Rs 4.90 lakh crore beat the record set by LG Electronics India, which drew Rs 4.41 lakh crore. Most bidders will get a polite refund.
Read more at Business Today →Business Today
The Centre wants to list three more public sector companies this financial year, IIFCL, Mahanadi Coalfields and SECL, DIPAM Secretary Arunish Chawla told Moneycontrol. The draft prospectus for Mahanadi Coalfields has been filed. Work on the other two is described as underway.
Read more at Business Today →The Economic Times
Revenue for companies reporting September quarter results rose 22.1% and net profit 27.5%, beating the previous quarter, ET's analysis shows. Banking, IT and pharmaceutical companies saw growth slow, so the rest of corporate India did the heavy lifting.
Read more at The Economic Times →The Economic Times
Deal value in India's consumer and retail sector fell 58% in the September quarter. The first nine months of 2026 saw 353 deals worth $3.26 billion, with personal care brands drawing the most interest as investors favour premium segments. Investors are cautious, but moisturised.
Read more at The Economic Times →The Indian Express
Domestic sales of all fertilisers, including urea, fell between April and September compared with last year. Complex fertilisers saw the steepest fall at 22.2%, while DAP and single super phosphate dipped 0.6% and 1.4%, a sign of deficient rains.
Read more at The Indian Express →Mint
Shriram Finance, Mahindra Finance, L&T Finance and HDB Financial Services flagged concentrated risks in drought-hit parts of western and southern India on their earnings calls. Lenders are tightening monitoring and slowing disbursements in vulnerable areas.
Read more at Mint →BusinessLine
The Centre reduced wheat on offer in the 28 October auction by 5,000 tonnes to 1.01 lakh tonnes, even as millers are ready to pay over Rs 31 a kilo. Millers in Assam, Karnataka and Telangana question why their allocations were cut.
Read more at BusinessLine →Mint
IT Minister Ashwini Vaishnaw said India could have its own smartphone, designed, made and branded at home, by 23 October 2028. He gave the date to the day at the NDTV World Summit, as India tries to move beyond assembling devices for global brands.
Read more at Mint →BusinessLine
With memory chip prices up nearly fivefold in a year, Indian smartphone and earbud makers are importing more displays, camera modules and even finished earbuds from Vietnam, where they arrive at zero duty, BusinessLine reports. Making in India now includes some making in Vietnam.
Read more at BusinessLine →BusinessLine
India and Russia want to use the Arctic's Northern Sea Route for faster shipping of goods and hydrocarbons, with the first pilot voyage planned for 2027, said Rosatom's Kirill Komarov. That year marks 80 years of diplomatic ties, and the shortcut is apparently the anniversary gift.
Read more at BusinessLine →BusinessLine
WB Group, Poland's largest private defence company, plans to invest $100 million over five years to build a manufacturing base in India for its unmanned systems, its vice president Adam Bartosiewicz told BusinessLine. Its drones were used in Operation Sindoor.
Read more at BusinessLine →Business Standard
Madhya Pradesh's semiconductor summit drew investment proposals worth over Rs 15,425 crore in semiconductors, electronics and high-tech sectors, with more than 14,450 jobs expected. Chief Minister Mohan Yadav said more than a dozen investors had expressed interest. Proposals and interest are the first two stages of a factory.
Read more at Business Standard →Business Standard
Senco Gold has signed agreements to buy 68% of August Jewellery, which runs Melorra, for Rs 68 crore in tranches by February 2027. The jeweller says the deal strengthens its digital and omnichannel strategy among younger buyers, who were going to need jewellery eventually.
Read more at Business Standard →The Economic Times
IndiGo and Air India will gradually move operations to Navi Mumbai International Airport from December 2026 until mid-2027. The shift aims to free up capacity at Mumbai's Chhatrapati Shivaji Maharaj International Airport, where capacity has been a rumour for some time.
Read more at The Economic Times →Tech in Asia
Messaging apps will have to stay linked to an active SIM from 2027 under new rules, and web versions must log users out at least every six hours, Tech in Asia reports. Users can relink with a QR code, which many will now do at work every afternoon.
Read more at Tech in Asia →Mint
The government has extended the Agriculture Infrastructure Fund beyond 30 September 2026 to March 2027. It offers subsidised loans and credit guarantees for warehouses, cold storage and processing units, with the aim of cutting post-harvest losses and improving financing for farm projects.
Read more at Mint →Business Standard
The corporate affairs ministry extended the deadline for filing 2025-26 financial statements to 31 December and annual returns to 31 January 2027. Companies had complained of problems filing through the MCA21 portal. The portal has not commented.
Read more at Business Standard →