26 C 
Bengaluru (Karnataka) [India], October 31: REVA University inaugurated the first edition of REVA Literature Festival, The First Chapter, on its campus on Friday. Celebrating the theme Two Days, Countless Stories, the festival brought together acclaimed authors, writers, journalists, artists, literary enthusiasts and young creative minds to celebrate literature, creativity, culture and the enduring power of storytelling.
Jatin Kumar Nayak takes charge as CMD of IREDA
He has served as Chief Financial Officer of erstwhile REC Transmission Projects Company Limited, a subsidiary of REC
IPO ahead: Value-fashion retailer Ratnadeep Retail gets Sebi nod to raise funds through public issue
Ratnadeep Retail has received Sebi approval to launch an IPO comprising a fresh issue of up to Rs 400 crore and an offer for sale of 1.49 crore shares. The Hyderabad-based retailer plans to use part of the proceeds to repay borrowings and expand its store network across India.
'Modi's visit to Canada in December will be another building block': Jaishankar meets Anita Anand
S Jaishankar met with Canadian Foreign Minister Anita Anand to discuss diplomatic relations between India and Canada. They agreed that Prime Minister Modi's visit in December will strengthen their ties further. Previous tensions arose after allegations against India regarding a separatist's killing earlier this year. Relations have improved since Canadian Prime Minister Mark Carney's election and visit to India.
Delhi Police arrest Hashim Baba gang member in Dabri murder case
Delhi Police have arrested Shivam, a member of the Hashim Baba gang, for a murder that occurred recently. A 30-year-old man was fatally stabbed in northeast Delhi on October 24 and later died at a hospital. In a separate incident, Seema Rishi was killed while trying to protect her son from attackers on October 15. The woman's husband described how they were attacked during a confrontation.
Pacer Auqib Nabi included to India's squad for first three ODIs against New Zealand
Auqib Nabi has been added to India's ODI squad for the first three matches against New Zealand. This change comes after Prasidh Krishna was ruled out of the series due to a hamstring injury. The ODI series is scheduled to begin on November 4, 2026, at Eden Park in Auckland. India will also have several key players in their updated lineup for the matches.
Only bank branches in Shillong will remain closed on Nov 2 for the Nongkrem Dance Festival. Even Saturday is working for bankers across the country this festive week.
CDSCO cancels FatX's registration over misleading claims on product
By Shalini Bhardwaj The Central Drugs Standard Control Organisation (CDSCO) has cancelled the registration of FatX over discrepancies between the approved product label and claims made by the company on its official website. According to the order, the company was marketing the product as a treatment for dissolving fat cells and reducing their size, which the regulator said amounted to drug claims and did not fall under the definition of cosmetics. On the official website of the importer (copy enclosed), discrepancies/mismatches have been observed with respect to the availability of claims on the marketed product labels against the approved product label. On the website, the product is being marketed as a treatment for dissolving the fat cells and reducing the size of fat cells, which are drug claims and do not fall under the definition of cosmetics, the order stated. The CDSCO referred to clause (aaa) of Section 3 of the Drugs and Cosmetics Act, 1940, which defines cosmetics as arti...
JioStar Q2 PAT falls 13.2% to 1,147 crore; revenue rises 9.8%
Revenue from operations rose 10.1% year-on-year to 6,806 crore
IHC converts 8.69 crore warrants into equity shares in Sammaan Capital
With this, IHC's stake in the company has risen to 33.32% from 28.34% earlier
LIC Housing Fin Q2 net profit grows 12% YoY
LIC Housing Finance experienced a 12% year-on-year increase in consolidated net profit, reaching
New India slips into red with 1,267 cr loss in Q2
New India Assurance Company has revealed a concerning net loss of
Bank of Baroda's Q2 profit surges 36% YoY on NSE stake sale
In a remarkable financial performance, Bank of Baroda reported a staggering 36% rise in net profit for the second quarter, reaching
Quess Corp Q2 net profit jumps 44% to 74.66 crore
Revenue from operations rose 14.74% to 4,396.48 crore from 3,831.60 crore a year earlier
Wealthy Indian investors are holding liquidity and planning phased investments across diverse market segments. The focus is on both domestic and international markets, including the US, China, and South Korea. Private markets and credit opportunities are also gaining traction among ultra-high-net-worth individuals. Real estate investments are evolving with increased interest in Alternative Investment Funds, which have doubled over the last year.
Delhi-NCR combats air pollution: Govt, private offices capped at 50% capacity from Nov 5-20
Stating that high levels of air pollution in the NCR, particularly episodic increases during periods of adverse meteorological conditions, have been a matter of serious concern
Jio Platforms profit zooms 14% on healthy user mix, digital play
Jio Platforms has unveiled an impressive 14% net profit growth to
Indian Oil net profit triples YoY to 21,630 cr in Q2
Indian Oil experienced a remarkable surge in its net profit, which soared to 21,630 crore for the second quarter. This growth can be attributed to elevated pump prices and government subsidies for LPG sales. In contrast, the same quarter last year showcased a profit of only 7,610 crore. Moreover, operational revenue increased by 29%, reaching 2,62,935 crore, with the firm's operating profit from petroleum product sales more than doubling.
GAIL Q2 profit surges over two fold YoY to 4,650 cr despite global disruptions
GAIL (India) has reported a remarkable increase in net profit, reaching 4,650 crore for the September quarter, more than double from the previous year. This growth is attributed to heightened gas marketing margins amid global energy supply disruptions. Revenue also surged by 31% to 45,924 crore. Furthermore, GAIL has moved forward with plans to list its subsidiary GAIL Gas, enhancing its stock value by 1.7% to 168 per share.
ZEE profit sinks 40% YoY in Q2, but revenue rises on FIFA subscription growth
Zee Entertainment Enterprises faced a sharp drop in consolidated net profit for the quarter ending September 30, 2026, despite a 13% rise in operating revenue to 2,225 crore, spurred by FIFA World Cup-related subscriptions. Total costs surged by 18%, largely due to inflated programming and promotional expenses. In a bright spot, ZEE5's revenue surged over twofold, showcasing a successful digital approach.
Lodha Developers profit rises 28% YoY to Rs 1,013 crore in Sept quarter
Lodha has announced a remarkable 63% surge in net profit, reaching 2,386 crore for the first half of FY27. This growth is driven by impressive operational performance, with net profit for the September quarter rising by 28% to 1,013 crore and revenue climbing 18% to 4,468 crore. The companys pre-sales also saw a 10% increase to 5,037 crore, alongside plans for expansion in NCR and Bengaluru.
Sun Pharma Q2 profit takes a hit on exceptional items
Sun Pharmaceutical has seen a notable 36% drop in net profit, juxtaposed with an 11.8% rise in consolidated revenue. The uplift in revenue can be attributed largely to strong sales growth in India and emerging markets, particularly in domestic formulations. Conversely, US formulation sales faced a significant downturn. The company also marked progress in its integration planning for the acquisition of Organon, following the successful completion of regulatory approvals.
Q2 Results Today, 31st October 2026 Live Updates: businessline brings to you latest Q2 announcements, earnings updates and more.
ExxonMobil and Chevron posted stronger-than-expected quarterly profits amid soaring refining margins tied to disruptions in the Middle East and Russia-Ukraine war. Exxons refining earnings hit a record, and Chevron reported robust refinery activity.
Tata Motors says Iveco is now part of group; Chandrasekaran appointed Chairperson
The acquisition is valued at approximately $4.32 billion (42,561 crore)
US oil companies aim to squeeze more out of refineries as war supply crunch weighs
US oil companies are enhancing refinery capacities and reopening closed plants due to global supply disruptions. ExxonMobil and Chevron reported record profits, attributed to soaring commodity prices and refinery margins. Additionally, ongoing conflicts have severely impacted refining output, particularly in Russia and Iran. Analysts suggest that it may take until next year for supply chains to stabilize.
Alaska Air Group plans to cut roughly 200 jobs as soaring fuel costs strain its finances, with its CEO warning of a possible $700 million annual loss. The move highlights growing pressure on US airlines as higher fares and steady travel demand fail to fully offset the sharp rise in fuel expenses.
ISRO launches GSLV-F18 with NVS-03, boosts NavIC & make-in-india navigation capabilities
What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft
Binance says hackers stole more than $6 billion in what is being described as the largest cryptocurrency heist on record, with blockchain intelligence firms linking the attack to North Koreas TraderTraitor hacking unit. The exchange has set aside $6.34 billion to cover losses, frozen about $3 billion in affected assets with partners and says it will reimburse users while investigators trace the stolen funds.
Binance co-founder Changpeng Zhao urged Elon Musk to stop mocking the exchange after a major breach, noting that Binance had invested $500 million in Musks Twitter takeover. Binance says about $3 billion in customer funds have been located and is reviewing security.
AI is forcing recruitment firms to overhaul their business models
As AI automates resume sourcing and initial interviews, recruitment firms are shifting toward senior hiring and re-evaluating traditional billing models.
Why Swiggys Toing is raising questions over food-delivery profitability
Swiggys affordable-meal app is showing early signs of attracting new and returning users, but analysts are questioning whether it can drive incremental demand without adding to the companys costs.
Irdai's proposed insurance commission caps may hit smaller banks harder
The proposed curbs could erode more than half the bancassurance income at some small and mid-sized lenders, with losses reaching as much as 70% in certain product categories.
Noel Tata seeks board scrutiny of SP Group's Rs 25,000 crore exit plan, Tata Sons restructuring
Noel Tata has asked the Tata Sons board to examine Shapoorji Pallonji Group's Rs 25,000-crore funding proposal through a capital reduction and separately evaluate Tata Trusts' restructuring plan to preserve the holding company's unlisted status. Both proposals are slated for discussion at the November 26 board meeting.
AU Small Finance Bank hit by a likely breach of 'limited' data
The lender is investigating a potential breach of limited data pertaining to its vehicle-loan customers. The data was hosted on a third-party software platform operated by Salesforce.
FCNR bounty in Q2 masks bank issues in growing deposits
An analysis of 10 banks shows that reported deposit growth averaged 21.1% year-on-year during July-September. However, excluding the special foreign currency inflows, domestic deposit growth was estimated at just 12.2%-a massive gap of nearly nine percentage points.
Big Tech returns smallest share of cash to shareholders in 15 years, given AI spending
USA-MARKETS-TECH:Big Tech returns smallest share of cash to shareholders in 15 years, given AI spending
Indian exporters get MAS support route to Russia through FIEO for MosBuild 2027
New Delhi [India], October 30: Indian manufacturers and exporters in the building materials and interiors sector can access Market Access Support (MAS) through the Federation of Indian Export Organisations (FIEO) to participate in MosBuild 2027 in Moscow, opening new opportunities to connect with Russian buyers and explore the wider Eurasian market.
The approach, commonly known as a pay-to-quit or voluntary exit scheme, allows eligible employees to accept financial compensation in exchange for leaving their jobs
Spooky vibes at White House as First Lady Melania & Trump greet trick-or-treaters on Halloween
Manipur SoO Pact faces uncertainty ahead of polls
In Manipur, ethnic violence has led to significant casualties and displacement since May 2023. The Suspension of Operations agreement with Kuki militant groups has faced opposition by the Meitei and Naga communities. Several SoO cadres are accused of involvement in recent conflicts and violence. The future of the SoO agreement remains uncertain, raising concerns among local communities. Assembly elections will soon bring these issues to the forefront of political debate.
ISRO launches GSLV-F18 carrying NVS-03 satellite to strengthen Indias NavIC navigation system
Isro successfully launched its GSLV-F18 rocket carrying the 2,250-kg NVS-03 satellite from Sriharikota at 11:51 pm on Friday. The mission aims to strengthen India's indigenous NavIC navigation system through upgraded satellite capabilities, including an indigenous atomic clock and the addition of the L1 frequency signal alongside existing L5 and S-band signals.
36 Bangladeshis held for entering Assam without valid documents
Thirty-six Bangladeshi nationals were apprehended in Dhubri for allegedly entering India without valid documents. Authorities received a tip-off regarding a potential mass transit of infiltrators through the area. The arrests took place early in the morning at the Jogamaya ferry ghat of the Brahmaputra river. The individuals all came from Chapai Nawabganj in Rajshahi division of Bangladesh. Investigations are ongoing as police conduct document scrutiny and questioning.
UP CEO seeks explanation from Pilibhit poll officer over approval of erroneous forms
Uttar Pradesh Chief Electoral Officer Navdeep Rinwa is demanding answers regarding the validation of questionable voter registration forms. An investigation disclosed that 13,779 forms were wrongly included on the voter list, with 10,470 of these receiving improper approval. This situation has prompted scrutiny of both past and present district election officers, with clarifications anticipated from those overseeing the registration procedures.
Halloweens biggest treat? These 3 zodiac signs could find a reason to believe in the universe again
Threes zodiac signs are expected to get positive vibes from the universe. The festival may be spooky but it will turn to joy for them if they focus on the right things.
The court has imposed a penalty of 25 lakh on the builder and directed them to deposit the amount into the account of the Gulmohar Greens Residents Welfare Association within one month.
LIVE | Trump's war against fraud: Scott Bessent reveals massive scam crackdown in Minnesota
Mazagon Dock Shipbuilders scouts partners for proposed shipbuilding hubs
The defence shipbuilder plans clusters in Maharashtra and Andhra Pradesh, with a proposed investment of Rs 20,000 crore over five to seven years
J&K Police busts terror financing module, arrests 10 associates
Jammu and Kashmir Police arrested ten individuals in Shopian district for their involvement in a terror financing network. The accused were connected to various online financial transactions suspected of funding terrorist activities. Investigations indicated these individuals were raising money from the public to support terrorists like Lashkar-e-Taiba. Additionally, the funds were allegedly used for logistical support, including providing smartphones for terrorist operations.
Foreign secretary Vikram Misri to prepare ground for Nepal PM's India trip
Foreign secretary Vikram Misri is scheduled to visit Kathmandu to prepare for Balendra Shah's visit to India. Shah's visit will mark his first trip abroad as Prime Minister of Nepal, occurring in late November. Several India-funded projects are expected to be inaugurated, and new projects will be launched during this visit. Nepal is likely to request additional Indian investments in various sectors, including hydropower and hospitality.
India lifted 496 million people out of poverty between 2011 and 2023, says World Bank
Between 2011 and 2023, India successfully elevated about 496 million people from poverty, showcasing a significant reduction in those living below the poverty threshold. A steep decline in extreme poverty reflects improved living conditions. However, income inequality lingers across different job sectors and regions. The World Bank forecasts ongoing reductions in poverty levels, but at a more gradual rate than before.
Sitharaman says NDA revived IDBI Bank after UPA-era bad loan crisis
In response to Rahul Gandhi's opposition to IDBI Bank's privatisation, Nirmala Sitharaman stressed the successful recovery of the bank thanks to the NDA government's strategies. She pointed to the previous UPA government's fiscal mismanagement, which caused notable losses. Sitharaman also discussed the reviewed valuation process for the stake sale, criticising Gandhi for his attempts to politicize banking matters and the undue stress placed on bank staff during earlier administrations.
Gail's net profit zooms two-fold to 4,724 crore on robust volumes
GAIL's Q2 net profit jumps 138% to 4,724 crore, supported by strong gas transmission and marketing volumes; board approves plans to list subsidiary GAIL Gas through an IPO
Karnataka has hiked Nandini milk prices by 8 per litre from November 1, with 7 going to farmers and 1 to milk unions. Despite the increase, Nandini Shubham at 60 per litre remains cheaper than comparable milk varieties in most states, the governments price comparison shows.
Powered by fuel earnings, Reliance Industries tops Sep quarter estimates
First to report over Rs 50K cr half-year profit
A Trans Bharat Aviation helicopter crashed near Chai village in Joshimath while flying from Badrinath to Dehradun on Friday, killing the pilot and five passengers. The AAIB will investigate, while the DGCA has dispatched a team for a preliminary and regulatory assessment.
Reliance Retail Q2 results: Net profit falls 24% to 2,611 crore; revenue rises 6%
Company highlights macroeconomic trends hurting demand like rising inflation, weak rupee and monsoon deficit
Dixon, Syrma clock revenue jump while chip costs rose
Both contract electronics manufacturers beat the Street in September quarter, with higher revenues.
India made remarkable progress in reducing poverty: World Bank
Report says the country saw one of the fastest reductions in poverty in the world; extreme poverty fell to 2.6% in 2023 from 27.1% in 2011, driven by government transfers and rising employment
Reliance posts record profit, revenue in Q2 as O2C, Jio lead growth
The results underscore resilience across Reliances integrated energy and digital services despite volatile markets
IRDAI upgrades business analytics platform for health covers
IRDAI upgrades business analytics platform for health covers
JioStar Q2 results PAT falls 13.2% to 1,147 crore; revenue rises 9.8%
JioStar's Q2FY27 profit fell 13.2% to 1,147 crore despite higher subscription and digital advertising revenue, while JioHotstar's monthly active users grew 10% to 440 million.
IGL net profit plummets 93% on higher input gas cost and consumer price protection
Indraprastha Gas Ltds overall sales grew 8% on a year-over-year basis.
IGL net profit plummets 93% on higher input gas cost and consumer price protection
Indraprastha Gas Ltds overall sales grew 8% on a year-over-year basis.
Syrma SGS reports best-ever quarter; Q2 revenue up 73% to Rs 1,999.5 crore
Syrma SGS Technology reported an 87.2% increase in consolidated net profit for the quarter ending September 2026. Consolidated revenue increased by 73.2%, reaching a record high of Rs 1,999.5 crore. The companys exports grew by 91% year-on-year, showcasing strong international demand. Investments are planned in collaboration with Kaga Electronics to enhance the domestic supply ecosystem.
Policybazaars agent business may need to change under Irdais draft rules, says CEO Yashish Dahiya
The business could carry on if it evolved into something different, like maybe a services player, says PB Fintech's CEO Yashish Dahiya
Tata Motors takes control of Iveco in 3.43-billion deal; focus shifts to debt, integration
The takeover brings a major European commercial-vehicle business into Tatas fold, with integration and financial returns now under investor scrutiny
Zee Entertainment Q2 profit drops 40% to Rs 46 crore as EBITDA margin contracts to 3.2%
Zee Entertainment Enterprises reported a 40% decline in consolidated net profit for the quarter ended September 30, 2026. Operating revenue increased by 13%, largely due to growth in subscription revenue supported by the FIFA World Cup 2026. Total expenditure rose by 18% primarily driven by increased programming and promotional costs. ZEE5, the company's streaming platform, showed significant growth by doubling its revenue year-on-year.
Sun Pharma taking remedial action, following voluntary withdrawal of 11 eye drops: Management
Giving an overview of the companys performance, Ganorkar said, the integration of Organon was on track to be completed by the last quarter of FY27
Lodha Developers H1FY27 net profit soars 63%, expects to beat full-year guidance
Lodha Developers reported a 63% rise in first-half FY27 profit to Rs 2,386 crore, driven by strong property sales and market expansion. The developer expects to exceed annual profit guidance while pursuing data centres to boost recurring income.
IRDAI declares Nov grievance resolution month; 72% of cases pending for more than a year.
Unresolved grievances a concern, around 2.21 lakh cases pending as on March 31 before Consumer Commissions and judicial courts with 72.49% of them for more than a year, says the regulator
JioStar's Q2 profit falls 13% amid weak ad environment
JioHotstar's monthly active users fell sequentially as the IPL season ended, but were up year-on-year.
Spandana Sphoorty returns to profit at Rs 18 crore in Q2FY27
Spandana Sphoorty Financial reported consolidated Q2 profit of Rs 18 crore, reversing a Rs 249 crore year-ago loss. Assets under management grew 31% to Rs 5,364 crore, while improving asset quality reduced gross and net NPAs.
IOC Q2 profit soars 184% on higher refining margins
Indian Oils gross refining margins, after subtracting for special additional excise duty (SAED), during the reported quarter stood at $18.52 per barrel.
Bank of Baroda Q2 profit jumps 36% to Rs 6,532 crore on NSE stake sale
Bank of Baroda reported 36% year-on-year profit growth to Rs 6,532 crore in Q2FY27, boosted by NSE stake sale gains and higher interest income. The lender raised annual credit and deposit growth guidance amid strong loan demand.
Tata Sons infuses 1,100 crore in Tata Electronics
The fund infusion comes amid ongoing dispute between Tata Trusts and Tata Sons on issues of listing Tata Sons shares and a third term for Tata Sons chairman N Chandrasekaran
Reliance Retail profit falls 24% in Q2; FMCG revenue rises 60%
Reliance Retail Ventures Ltd (RRVL) reported a 24.3 per cent year-on-year decline in consolidated profit after tax, including its share of associates and joint ventures, to 2,611 crore in JulySeptember 2026 from 3,451 crore a year earlier, as digital-commerce investments, input-cost inflation and higher finance costs weighed on earnings.
US intelligence agencies suspect a Chinese operative targeted Nvidia CEO Jensen Huang and passed commercial information to Beijing. The allegations have raised fresh concerns in Washington as the US-China AI chip war increasingly spills into espionage.
GAIL profit more than doubles on strong gas marketing performance
Profit before taxes of their natural gas marketing business rose more than two-and-half times during the quarter.
Tata Motors completes Iveco takeover with 89.42% stake, buyout continues
A fresh tender window for minority shareholders will open on November 2, while Tata Sons Chairman N Chandrasekaran has been appointed Iveco's chairperson following the takeover
Reliance's refining business powers quarterly earnings beat as profit rises 40%
Indias most valuable company reported a profit of 25,548 crore, up 40% from the year-earlier period and nearly a fifth above market expectations.
Lodha Developers Q2 PAT rises 28%, expects to exceed FY27 profit guidance
The company's revenue from operations also increased by 17.6 per cent in Q2FY27 to Rs 4,468 crore, compared with Rs 3,798 crore in the corresponding quarter last year
The expansion of renewable energy capacity, rapid urbanisation and rising electricity consumption from data centres are expected to create significant investment opportunities across the power transmission and electrical equipment sectors.
RIL Q2 profit jumps 41% to 25,548 crore on O2C, Jio strength
The O2C business emerged as a key growth driver, with revenue surging 44.2% YoY, reflecting a sharp rise in crude and product price.
Microsoft's reported buyout offer to around 60,000 employees across India, the US, the UK and Canada raises questions about voluntary separation, severance payments and employee rights. Here's what Indian workers should know before signing an exit agreement.
Reliance Retail Q2 profit falls 24.5%, revenue up 6.4%
Revenue from operations of Reliance Retail Venture Ltd (RRVL) increased 5.78 per cent to 80,220 crore in the September quarter of FY27. It was 75,836 crore in the corresponding period of the last fiscal year.
Bank loans against fixed deposits surge 53% to Rs 2.17 lakh crore on FCNR-B leverage play
By the close of September, loans against fixed deposits experienced a striking 53% year-on-year spike, reaching Rs 2.17 lakh crore. The demand for gold loans soared to an astonishing 82.6% increase, showcasing robust customer interest throughout India. Personal loans appreciated by 17.3%, hitting Rs 74.3 lakh crore, complemented by growth in agricultural and industrial credits. Overall, the banking sector reported a 19.4% expansion in total credit, amounting to Rs 229.
The proposed merger is expected to bring complementary capabilities across speciality carbon black, R&D, manufacturing, and finished tyre production
Raymond Lifestyle seeing positive consumer sentiment on the back of premimuisation trends: CEO
Satyaki Ghosh says despite inflationary pressures, urban demand has been strong in the apparel segment
