The Hindu
Larsen and Toubro's consolidated profit after tax rose 33% for the September quarter as revenue grew 16% to Rs 78,750 crore. International revenue was Rs 45,870 crore, or 58% of the total, and the company booked orders worth Rs 1,47,665 crore in the quarter.
Read more at The Hindu →Mint
Tata Motors' 3.43 billion euro offer for Italian truck maker Iveco cleared the 80% acceptance threshold, with 238.16 million shares tendered by the October 26 close, an Italian filing showed. It would be the group's biggest buyout since it bought Jaguar Land Rover.
Read more at Mint →BusinessLine
Jaguar Land Rover has begun assembling the Defender in India, cutting prices by as much as Rs 34 lakh, or 22.4%, and bringing it back below Rs 1 crore. It plans up to four EVs and may expand Pune output beyond about 12,000 vehicles a year.
Read more at BusinessLine →Business Today
Government sources told Business Today TV that the Centre may not wait for the next Budget to address foreign portfolio outflows. It may soon hold a consultation on long-term capital gains tax and the securities transaction tax, including a possible review of the 12.5% LTCG rate.
Read more at Business Today →The Indian Express
After seven months of thin supplies due to the West Asia conflict, India's LNG imports from Qatar recovered sharply this month, making Doha its second-largest source again, vessel tracking data shows. The rebound comes as Qatar steps up dark transits through the Strait of Hormuz.
Read more at The Indian Express →The Economic Times
The Central Board of Indirect Taxes and Customs issued clarifications on GST registration that bar officials from rejecting applications on flimsy grounds. Requests with successful Aadhaar authentication must now be processed within seven working days, which should help MSMEs and firms in co-working spaces.
Read more at The Economic Times →BusinessLine
The Finance Ministry set November 1 for simpler rules on post-supply discounts, 90% provisional refunds under the inverted duty structure and the removal of the Rs 1,000 minimum refund threshold for goods exported with tax paid. The changes come through the Finance Act, 2026.
Read more at BusinessLine →Mint
The road transport ministry notified an annual toll pass for eligible residents living within 20 km of national highway toll plazas. It offers unlimited crossings at one designated plaza for up to Rs 3,000 a year, as barrier-less tolling makes informal local arrangements harder.
Read more at Mint →BusinessLine
Scheduled domestic airlines carried about 1.18 crore passengers in September, down 6.49% from a year earlier, DGCA data showed. Industry insiders blamed a traditionally weak travel month, high airfares and capacity constraints. Planes, it turns out, are hard to fill when tickets cost more.
Read more at BusinessLine →BusinessLine
Indian nationals with e-passports can use Digi Yatra on Air India and IndiGo overseas flights at Delhi, Bengaluru, Hyderabad, Cochin, Mumbai, Chennai and Amritsar from November 1 to December. Kochi's CIAL already processed India's first international Digi Yatra passenger, bound for the Maldives.
Read more at BusinessLine →Mint
Private hospitals will soon have to upload their charges, specialities, registration details and grievance officer contacts to a central portal under the Clinical Establishments Act, two officials told Mint. The aim is to let patients compare costs. Hospital bills may finally get a preview.
Read more at Mint →Hindustan Times
Food safety officials in Uttar Pradesh inspected 218 establishments, including online grocery warehouses and quick-commerce dark stores, and found cockroaches, fungus-infested racks and food stored beside medicines. Affected sites were ordered shut until the lapses were fixed. Delivery in ten minutes, inspection pending.
Read more at Hindustan Times →Mint
Venu Srinivasan, his son Sudarshan Venu, wife Mallika Srinivasan and daughter Lakshmi Venu have filed a total of eight caveats in two Chennai courts as an ownership dispute hangs over the TVS Group, a Mint review of court records showed. The first was filed on October 12.
Read more at Mint →BusinessLine
Raymond's net profit attributable to owners doubled to Rs 22 crore in the September quarter on better realisation. Revenue rose 24% to Rs 655 crore and EBITDA climbed 30% to Rs 103 crore. Aerospace and defence contributed Rs 139 crore, up from Rs 81 crore.
Read more at BusinessLine →BusinessLine
Cipla's September quarter net profit fell 35% to Rs 878 crore, hit by geopolitics and US pricing pressure. Global CEO Achin Gupta still expects US revenue to reach $1 billion a year by year-end on its existing pipeline, regulatory issues notwithstanding.
Read more at BusinessLine →BusinessLine
Reckitt, maker of Dettol, Harpic and Lizol, said its India business posted double-digit growth in the September quarter with broad category expansion. The company said its AI-enabled sales transformation continues to enhance execution. Disinfectant demand, apparently, now runs on machine learning.
Read more at BusinessLine →BusinessLine
Maruti Suzuki said it is aligned with SIAM's representation asking the government to delay Bharat Stage VII norms so the impact on the car market can be discussed. The company said there will certainly be an impact on pricing once the rules arrive.
Read more at BusinessLine →The Economic Times
Jewellers in India are holding back purchases as prices move, a Bloomberg report carried by ET said. Demand in the world's second-biggest gold consumer has stayed subdued since the government more than doubled the import duty to 15% in May, and the prime minister has urged restraint.
Read more at The Economic Times →Hindustan Times
Premium basmati varieties are fetching up to Rs 5,200 per quintal in Punjab, cheering farmers. Exporters are concerned about vessel movements through the Strait of Hormuz amid the conflict involving the US, Israel and Iran, along with stuck payments and rising freight costs.
Read more at Hindustan Times →BusinessLine
Tamil Nadu's state dairy cooperative Aavin raised prices of butter, ghee, UHT milk, packaged sweets and premium curd from Wednesday, citing rising production costs. It said the small revision is in no way motivated by profit. The ghee simply became more expensive on its own.
Read more at BusinessLine →BusinessLine
Commerce Minister Piyush Goyal said India is open to Chinese suppliers meeting its import needs while acting through legal process against unfair pricing. He hopes India becomes a major exporter to China and ASEAN, and said he met his Chinese counterpart in Yaounde and New Delhi.
Read more at BusinessLine →The Economic Times
The government is considering simplifying applications under Press Note 2 for local entities with less than 10% investment from countries sharing a land border with India, sources told ET. The rules were relaxed in March for neighbours such as China and Pakistan.
Read more at The Economic Times →BusinessLine
Sigma Advanced Systems received a $102.23 million export order, about Rs 973.64 crore, to make base bleed units for 155 mm artillery ammunition for a NATO customer. It must deliver within 12 months and called the order a significant milestone in its strategy.
Read more at BusinessLine →Hindustan Times
Akasa Air will shift its Mumbai to Jeddah service from Chhatrapati Shivaji Maharaj International Airport to Navi Mumbai International Airport in December, joining a growing list of airlines making the move. Bookings opened on October 26, Akasa and Adani Airport Holdings said.
Read more at Hindustan Times →The Hindu
Kamaljeet Singh, director-general of the Semiconductor Laboratory in Mohali, said India must strengthen manufacturing, materials, research and specialised skills across the semiconductor value chain to reduce dependence on foreign technology. He spoke at the Semiconductor Summit 2026 organised by SRM and The Hindu.
Read more at The Hindu →