28 C 
Carlsberg India revenue slips to 8,708.8 cr in FY26, profit rises 22%
The company's total income, including other income, declined 2.25 per cent to 8,814.96 crore in the financial year ended March 2026
JK Tyre bets 6,110 crore on premium, smart and EV tyres to revive margins
JK Tyre MD Anshuman Singhania plans to more than double the share of premium passenger tyres while expanding into sensor-embedded products, EV applications and fleet services. The 6,110-crore investment strategy comes as rising raw-material costs squeeze profitability.
PNB aims to bring cost-to-income ratio below 50% this fiscal, 45% by FY29: MD Chandra
Punjab National Bank is focusing on bringing its cost-to-income ratio below 50 percent in the current financial year. The bank aims to further decrease it to around 45 percent by 2028-29. In the first half of the current fiscal year, the cost-to-income ratio was 50.38 percent, reflecting a decline from previous levels. The bank's net profit has reached Rs 5,500 crore, with targets for continued growth ahead.
Running six days a weekwith services suspended on Saturdaysthe train will offer a seamless overnight journey connecting New Delhi and Varanasi, with crucial halts at Kanpur Central and Prayagraj Junction.
As many as 24 companies will turn ex-record date for dividends, stock splits and rights issues during the week starting October 26. Key names include Shriram Finance, CRISIL, Cyient, Chennai Petroleum and L&T Technology Services.
Chef Damu death news: Chef Damu, the celebrated Tamil chef and Cooku With Comali judge, has reportedly died at 72 following health complications. A Padma Shri awardee, he earned a place in the Guinness World Records after cooking 617 dishes in 24 hours and 30 minutes.
Explosions heard in Saudi capital Riyadh as airport due to reopen
Explosions were reported in Riyadh on Sunday, coinciding with the reopening of its international airport. This reopening followed a two-week closure due to repeated Houthi strikes targeting the area. The Houthis have warned that the airport remains a military target, issuing alerts to airlines and travelers. Additionally, the Saudi-led coalition intercepted Houthi missiles aimed at Riyadh and nearby regions.
Piyush Goyal flags Indias AI-proof strengths, pushes tech, investment ties with Germany
Karisha and Kristina, two friends from Lithuania, are embarking on a month-long journey through India, documenting their experiences online. Their recent ride on the Vande Bharat Express sparked conversation, as Karisha appreciated its comfort while also mentioning troubling bathroom odors. As they explore iconic sites like Delhi, Agra, and Kashmir, their candid observations have ignited discussions among social media users about the ups and downs of Indian train travel.
12 injured, including six children, in shooting near Florida university
At least 12 individuals were injured in a shooting incident that occurred in Tallahassee. The event took place near a football stadium during the homecoming weekend for Florida A&M University. Authorities reported that six of the injured were children, while eleven sustained gunshot wounds. A fight reportedly broke out before the shooting, which resulted in serious injuries for several victims.
Jio Platforms will list on October 28, with a grey market premium of Rs 247 indicating a potential 22.07% listing gain. The Rs 30,213-crore IPO was subscribed over 22 times, led by strong institutional demand.
As the US and China form AI blocs, countries are increasingly torn between them
Countries like Kazakhstan are trying to balance between U.S. and China AI initiatives for technological gains. Indonesia has expressed interest in benefiting from both AI superpowers while pursuing its technological agenda. Some nations are exploring relationships with both blocs without fully committing to either. China's investments in developing countries are increasing, enhancing their own AI capabilities.
Trump: US can attack Iran again or reach a big, beautiful agreement with Tehran
Air Chief Marshal AP Singh detailed the Indian Air Force's Operation Sindoor in a recent interview. The operation involved precision strikes responding to a terror attack, showcasing effective capability and integration. Singh emphasized the importance of maintaining multiple operational options and adapting to enemy tactics. He outlined future enhancements needed in various military domains for sustained effectiveness.
Obama criticises Trumps Canada Trade standoff, says tariffs have driven up prices across America
PM Modi to inaugurate RBI's data centre in Bhubaneswar
Prime Minister Narendra Modi is set to inaugurate the Reserve Bank of India's state-of-the-art data centre and Cybersecurity Training Institute on Sunday. This initiative aims to bolster Odishas digital framework and elevate national financial security. Situated in Jatni, the facility is designed to support crucial payment and settlement operations. With 2,100 police personnel and traffic regulations in place, this visit marks Modi's ninth trip to Odisha since 2024.
USFDA concludes inspection at Lupin's Goa facility with one observation
Inspection conducted from October 19-23, 2026
Post Jio boost: 5 IPOs to raise Rs 2,581 crore next week alongside India's biggest listing
In a bustling week for the IPO market, five mainboard offerings are set to debut between October 26 and 30, aiming to amass an impressive Rs 2,581 crore. EAAA India Alternatives spearheads the launches, while Jio Platforms makes its entrance on October 28. Other notable entries include SFC Environmental Technologies and BLS Polymers on October 27, with MK Sons Fine Jewels and Bombay Coated and Special Steels following closely.
Sebi to revamp short-selling, securities lending rules
Sebi is reviewing short-selling and securities lending rules to improve liquidity and price discovery. The regulator is also planning reforms in clearing, broker compliance, custodial services and corporate bond market-making to deepen capital markets and reduce compliance costs.
Indian stock markets faced a setback as crude oil prices soared, triggered by increasing geopolitical tensions in the Middle East. Despite some defensive buying from domestic institutions, foreign investors pulled back. The forthcoming US Federal Reserve meeting is poised to impact global market moods. Investors will be keenly watching industrial production metrics and second-quarter earnings for insights on corporate health, as macroeconomic stability remains crucial for market trends.
Demand-supply mismatch to drive revenue growth gains for Indian Hotels
Strong room rates and occupancy lifted Q2FY27 performance, prompting an upgrade in FY27 revenue growth guidance; brokerages remain positive on the stock's prospects
Platform deals on the rise in pharma and healthcare: Rothschild & Co. MD Subhakanta Bal
A platform model, refers to a buy and build strategy where investors acquire a strong initial platform company and then expand it by adding on smaller companies or brands to add scale and capabilities.
Diwali clean-up opens up a growing market for home organisers
As Diwali approaches, urban Indian households are hiring professional organizers to help them declutter and organize. Companies like Joy Factory and Messmerize report significant growth in festive bookings compared to last year. The demand for such services not only peaks during festivals but is also becoming a year-round requirement. Organizers focus on sorting belongings and creating organized spaces rather than deep cleaning homes.
Donald Trump votes early in Florida for US midterm elections 2026. Watch video, see photos
US midterm elections 2026: Donald Trump also rallied for Republicans in competitive races in Alaska, Iowa, Montana and South Carolina. He is set to visit Mississippi on Monday.
Tata Motors has refused to raise its offer to buy Italian truck maker Iveco while investor who owns 3.8% of Iveco claims the price is too low. Tata Motors is expected to buy more than 80% of the company's shares by the deadline.
Raymond chief Gautam Singhania said he had lost family ties to protect the company, citing his responsibility towards 50,000 families dependent on the business.
Renault had ended its association with Formula 1 as an engine provider in 2025, thus marking the end of an era in motorsports history.
The resignations arrive as the Pentagon pushes to integrate advanced AI across classified networks. For Google, the contracts are part of broader government business.
Chinese retain company Shein to pay a hefty price amid growing regulatory and tax pressures in the United States and Europe. The prices of its products are likely to increase in the same markets.
IDFC First Bank Q2 profit nearly triples to Rs 1,045 crore; loan assets rise 30%
AU Small Finance Bank Q2 profit jumps 53% to 858 crore
Total income rose to 6,382 crore in the quarter under review from 5,224 crore in the same period a year ago, AU Small Finance Bank said in a regulatory filing
An alleged apology letter issued by Etihad has emerged on X. The company has offered a 75% refund to the affected passengers. Check out rules by Directorate General of Civil Aviation (DGCA).
IAFs 'Wings Over Ganges' air show in Varanasi features Rafale, Tejas among 100 aircrafts
Infosys headcount rises by 4,480 in Q2FY27, freshers hiring crosses 8,000; check details
Voluntary attrition at Infosys moderated to 12.7 percent on a last-twelve-month basis, down from 13 percent in the previous quarter. The improvement suggests better employee retention as the industry navigates a phase of selective hiring and skill-specific demand.
IRDAI extends distribution reforms feedback timeline to Oct 31
The consultation process has received an encouraging response, with over 650 comments received thus far.
YEIDA probe finds 52 outsiders posing as farmers to obtain residential plots in Yamuna City
Only 13 of 88 applicants qualify after verification of land records and satellite images, according to the YEIDA
Navy's underwater capabilities set for push after indigenous AIP system achieves crucial milestone
The Indian Navy marked a key development in enhancing its underwater capabilities with the AIP system. The inauguration of the 'Setting to Work Phase-2' activity took place in Hazira, Gujarat. This advancement will significantly improve the endurance of diesel-electric submarines during underwater operations. The AIP energy module will undergo rigorous testing before integration into Kalvari-class submarines by 2027.
'My name is Ilhan Omar': Dem Rep. hits back with creep jibe as Trump revives fake name claims
India weather (October 25): Heavy rain alert for Tamil Nadu, Kerala; check IMD's state-wise forecast
India weather news: The India Meteorological Department has issued warnings for heavy to very heavy rainfall across several states. Heavy rainfall is expected in Kerala, Tamil Nadu, and Puducherry over the next few days. Thunderstorms and gusty winds are forecasted in various regions, including Andaman and Nicobar Islands. Additionally, Odisha is preparing for the potential impact of cyclone Arnab approaching the coast.
Navi Mumbai International Airport has added nine domestic destinations, including Agatti via Goa-Mopa, Guwahati, Udaipur and Jodhpur. The expansion comes as the airport reports over 35.88 lakh passengers since starting commercial operations.
Iran remains open to talks with US under Pakistan-brokered deal
Irans ambassador to Pakistan stated that Iran is willing to reopen the Strait of Hormuz if the US lifts its naval blockade. The June agreement, brokered by Pakistan and Qatar, aimed to ease tensions and restore shipping in the strait. Although Iran expressed readiness to negotiate, the US continues its blockade, complicating diplomatic efforts. The Mecca Joint Defence Agreement, signed by several countries, is also under consideration by Tehran.
Setco Automotive swings to 203.61 crore profit, plans Lava Cast merger to cut costs
Setco Automotive returned to a consolidated profit of 203.61 crore in the AprilJune 2026 quarter, against a loss a year earlier, while revenue rose 12.3%
Odisha braces for cyclone Arnab, CM Majhi targets zero casualties as storm nears coast on October 28
Odisha's Chief Minister Mohan Charan Majhi has announced preparations for cyclone Arnab, expected to make landfall on October 28. The India Meteorological Department forecasts heavy rainfall and rough seas in Odisha and Andhra Pradesh. Specific responsibilities have been assigned to various departments for coordinated disaster response measures. The government aims for zero casualties during the impending weather event.
Zetwerk IPO: Kae Capital, Accel, Peak XV and Lightspeed set to realise 1,215 crore
At the issue price of 151 per share, the investors are monetising stakes accumulated at significantly lower prices
Entrepreneur and investor Arjun Vaidya recalled Akash Ambanis 2013 decision to return to India. He said the companys affordable internet transformed the startup ecosystem. Jio Platforms record 30,213-crore IPO drew strong investor demand.
Actor Sonu Soods Mumbai residence, named Gangotri, features landscaped outdoor spaces, pastel-toned interiors, Italian travertine flooring, a marble Ganesh idol and a dedicated room for his sneaker collection.
German drone maker Quantum Systems claims 483-mph speed for battery-powered experimental aircraft
However, the achievement has not yet been officially confirmed, as the aircraft must complete a return flight to account for the effects of wind
How brands are experimenting with micro-drama series to cut the clutter
Brands focusing on episodic storytelling as they look to move from the scroll-stopping content to story-stopping content
Lumax profit jumps 58%, bets 150 crore on electronics plant to generate 500 crore revenue
Lumax Auto Technologies reported a 57.8% rise in quarterly profit and 34.5% revenue growth despite higher material costs
India's Kotak Bank Q2 profit rises 29%, beats estimates
The countrys third-largest private lender by market capitalisation posted a stand-alone net profit of 42.11 billion Indian rupees ($443.5 million) for the three months ended September, up from 32.53 billion rupees for the same period last year.
Kotak Bank sees margins stabilizing as FCNR drag offsets repo gains
Kotak Mahindra Bank expects net interest margins to stay near Q2 levels as high-cost FCNR(B) deposits offset gains from repo-linked loan repricing and the deployment of surplus funds.
Luana Lopes Lara, the 30-year-old co-founder of prediction market platform Kalshi, has an estimated net worth of $2.6 billion. Yet, the former professional ballet trainee says building her company remains a priority as Kalshi expands amid a sharp rise in its valuation and legal challenges in the US.
Castrol India Q3 profit falls 22.6% as raw-material costs surge 71%
Profit drops despite revenue growing 27.3%; results come ahead of global ownership change that would give Stonepeak indirect control of the listed Indian lubricant maker
IDBI Bank sale: Employees service conditions to remain unchanged, says DIPAM Secretary
Staff, pensioners have nothing to fear from 52,878 crore deal with Fairfax, says DIPAM Secretary Arunish Chawla
Ethanol tender sparks feedstock concerns as rice gains ground over maize
The competing concerns highlight the challenge facing the ethanol procurement framework: balancing the availability and cost of different feedstocks.
Supreme Power Equipment net profit grows to 14 crore in Apr-Sept period
Total income rose to 135.57 crore in the first half of FY27, up from 75.36 crore in the same period of the previous fiscal
The Golden Chariot is a luxury train exploring South India's heritage and scenic destinations. Fares for select journeys exceed 4 lakh per person, with onboard cabins, multi-cuisine dining, a bar, spa and fitness facilities across three itineraries.
Amitabh Bachchan encountered severe financial difficulties in the late 1990s due to his production company. The situation became so dire that his Juhu home was at risk of public bidding. Rajinikanth highlighted the support Bachchan received after he turned to television and advertising. Through persistence, Bachchan not only cleared his debts but also recovered both properties. Additionally, he successfully maintained communication with fans while focusing on his health.
Trump denies plans to remove White House press room, restore old swimming pool
Donald Trump has dismissed reports of planning to remove the White House press room and replace it with a swimming pool. He labeled the speculation as Fake News, affirming that the pool will not be restored. Trump indicated that the idea of bringing back the pool was foolish and never crossed his mind. Furthermore, he suggested possibly relocating the press but ruled out restoring the old pool.
'He's got the body of a 30-year-old!': Trump's unexpected shoutout to RFK Jr. at Florida rally
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU's gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs 359 crore against Rs 481 crore. Net NPA ratio improved by 7 bps to 0.81%. Annualised credit cost improved by 45 bps to 0.8% from 1.2% over the year.
Volkswagen has paused further investment in its India EV programme as it seeks clarity on a potential partnership with JSW Group. The automaker is weighing a locally produced, lower-cost EV platform amid global cost cuts and intensifying competition in Indias electric vehicle market.
Urvann Goes Back to the Roots With Its Own Farms to Put Plant Quality and Customer Experience First
New Delhi [India], October 24: Urvann, India's largest online plant nursery, has moved away from its earlier third-party nursery model and now grows, nurtures, and delivers plants directly from its own farms across Delhi NCR and Bengaluru. The company says the shift, which began in late 2024 and became fully operational in 2026, was driven by a need to fix the problems its customers were facing- inconsistent plant quality at delivery.
Varvee Global reports Rs 6.78 crore profit in Q2, swings back to profitability
Ahmedabad (Gujarat) [India], October 24: Varvee Global Limited, a vertically integrated textile manufacturing company formerly known as Aarvee Denims and Exports Limited, reported a net profit of Rs 6.78 crore for the quarter ended September 30, 2026, marking a sharp turnaround from the net loss of Rs 6.56 crore in the preceding quarter. The results were approved by the company's Board of Directors at a meeting held today.
JK Cement Q2FY27 result: Profit rises 6.3% to 169 cr; revenue jumps 23.7%
JK Cement Ltd on Saturday reported a 6.31 per cent increase in its consolidated net profit to Rs 169.3 crore for the September quarter of FY2026-27, helped by volume gains.
AU Small Finance Bank Q2FY27 result: Net profit jumps 53% to 858 crore
AU Small Finance Bank on Saturday reported a 53 per cent surge in net profit at Rs 858 crore for the second quarter ended September 30, 2026 on the back of improvement in interest income. The lender had earned a net profit of Rs 561 crore in the year-ago period. Total income rose to Rs 6,382 crore in the quarter under review from Rs 5,224 crore in the same period a year ago, AU Small Finance Bank said in a regulatory filing. Interest income increased to Rs 5,612 crore as against Rs 4,511 crore in the corresponding second quarter of the previous year. Net interest income of the bank improved to Rs 2,820 crore in the July-September quarter, from Rs 2,144 crore in the September quarter of 2025, registering a growth of 32 per cent. Net interest margin increased to 5.8 per cent from 5.5 per cent at the end of September 2025. Asset quality of the bank also improved with gross non-performing assets (NPAs) rising to 1.99 per cent of gross advances at the end of the September quarter 2026
JK Cement Q2 profit rises 6.3% to 169.3 cr on higher sales volume
JK Cements revenue from operations jumps 23.65% to 3,733.42 crore in Q2 FY27 compared to 3,019.20 crore in the year-ago period
Karnataka's Golden Chariot luxury tourist train has begun its 2026-27 season with 75 guests aboard its inaugural journey. The train features redesigned guest rooms, upgraded food and beverage options, and 3 curated itineraries covering heritage sites, wildlife destinations and coastal experiences.
Adani Wind bags 696 MW orders from five power producers, third-party book crosses 1 GW
The contracts cover three wind turbine generator platforms rated at 5.2 MW, 5 MW and 3.3 MW, with projects spread across Karnataka, Gujarat and Maharashtra
BPCL Q2 profit falls 22.5% to 4,993 cr as fuel price freeze hits earnings
State-owned Bharat Petroleum Corporation Ltd (BPCL) reported a 22.5 per cent fall in September quarter net profit as earnings from operations weakened due to a retail price freeze despite rising costs. BPCL's standalone net profit declined to Rs 4,993 crore in July-September, the second quarter of fiscal 2027, from Rs 6,443 crore a year earlier, according to a company statement. Revenue from operations rose to Rs 1.58 lakh crore from Rs 1.22 lakh crore, while Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) fell nearly 14 per cent to Rs 9,437 crore from Rs 10,968 crore. India's second largest fuel retailer earned USD 32.53 on turning every barrel of crude oil into fuels like petrol and diesel in July-September, as compared to USD 10.78 a barrel gross refining margin in the same period a year back. But these gains were wiped away by losses arising from the five month old freeze in retail price revision despite a rise in cost. BPCL also booked Rs 330 crore ...
Nasdaq-listed Amneal opens 135-crore Ahmedabad office, expands India footprint
The new facility spans approximately 3.35 lakh square feet and can accommodate around 1,200 employees
Govt of Singapores India portfolio: 10 stocks rally up to 100% in FY27 so far
In terms of stock performance, around 14 stocks in the portfolio have delivered positive returns so far in FY27, while nearly half have posted negative returns.
Kotak Mahindra Bank's Q2 consolidated net profit rises 26% to 5,645 crore
Standalone profit rose 29 per cent as NII grew 16 per cent and provisions fell, though large FCNR(B) inflows pushed net interest margin down to 4.31 per cent
Mumbai (Maharashtra) [India], October 24: L & T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, has launched the second edition of 'Pitch Point,' a competition for AI startups ahead of RAISE' 26, India's premier Artificial Intelligence (AI)-themed event in the BFSI (Banking, Financial Services, and Insurance) sector. LTF is offering an opportunity to AI startups that are in their early to growth stage to present their solutions, applicable for BFSI or Non-BFSI domains, to a panel of Venture Capitalists, LTF's senior management, and global industry experts at RAISE' 26.
KEC International bags orders worth 2,872 cr from Power Grid Corporation of India
With these wins, the year-to-date order intake has crossed 13,500 crore, including 9,500 crore from the Transmission and Distribution (T&D) business
Volkswagen has frozen India EV investments as JSW joint venture talks continue - What is next?
Volkswagen is pausing investment in an India electric-vehicle program until it has greater clarity on a potential partnership with JSW Group. The automaker has completed design work but needs a stronger business plan, local sourcing and production to make the vehicles cost-competitive.
While the Centre is considering reducing its stakes in four public sector banks to 75% to meet public-shareholding norms, it also plans to privatise at least two public lenders besides IDBI Bank. Here's a look at the rules and regulations for the process
Why Child Car Seat Safety Matters: Loopie's European Standards
New Delhi [India], October 24: Loopie brings UN ECE R44/04-certified European car seat safety to Indian families with the Loopie Lap, engineered with added side-impact protection to fit both ISOFIX and seat-belt cars on Indian roads.
The Nifty 50 declined in all four sessions of the holiday-shortened week, hitting an intraweek low of 22,372 on Friday before closing 2.4% lower at 22,600. The Bank Nifty fell 2.8%, while the Nifty Midcap 100 and Nifty Smallcap 100 plunged 5.6% and 7.3%, respectively, as selling pressure intensified beyond frontline stocks.
Financing demand set to shift to emerging sectors like AI, semiconductors: Report
Indias emerging sectors are set to attract fresh bank financing over the next three to five years, with AI, semiconductors and defence leading investment opportunities, according to a Union Bank of India report. Battery storage, green hydrogen, semiconductor packaging and defence suppliers could gain funding as industries expand. However, technology obsolescence, uncertain revenues and long payback periods remain key lending risks.
South Africa is reportedly moving towards a 5,400 crore takeover of Lakshmi and Aditya Mittals steel business. Here is how the deal splits cash payments and debt, and what it means for the global steel giant.
Commerce Ministry identifying AI-proof professions, sectors where India can take global lead: Goyal
The Commerce and Industry Minister said that the focus would be on sectors where AI could improve efficiency without necessarily replacing human workers, while leveraging Indias large pool of skilled talent, youthful population and traditional strengths
Thiruvananthapuram (Kerala) [India], October 24: Keralam Minister for Home, Vigilance and Coir Ramesh Chennithala has urged Union Home Minister Amit Shah to strengthen interstate operational coordination against narcotics trafficking and convene a special conference of the Home Ministers of all States and Union Territories.
Bengaluru-Mumbai Vande Bharat Sleeper to launch next month: Check timings, fare, and route details
The premium Bengaluru-Mumbai Vande Bharat Sleeper is engineered to significantly reduce travel time while providing passengers with state-of-the-art amenities and superior overnight comfort.
ASML CEO Christophe Fouquet is linking executive pay to employee satisfaction after a major company shake-up, as falling staff morale raises questions about the impact of restructuring and job cuts.
U.S. FDA issues four observations to Gland Pharma formulation facility near Hyderabad
The four Form 483 observations followed an unannounced inspection on current good manufacturing practice at the facility in Dundigal between October 12 and 23
MHA seeks public opinion on proposed pan-India BB-PPDR communication network
The Ministry of Home Affairs (MHA) has invited public opinion and stakeholder inputs on the proposed network architecture for a dedicated pan-India Broadband Public Protection and Disaster Relief (BB-PPDR) communication system aimed at strengthening communication capabilities among police forces and other public safety agencies across the country.
A foreign traveller has praised India's road network, saying the country now has some of the best roads in the world after completing a journey of more than 2,500 km from Tamil Nadu towards the Himalayas. The drive took him through several states, including Karnataka, Maharashtra, Gujarat and Rajasthan, as India continues to expand its National Highway network.
Sebi orders Avadhut Sathe, academy to refund Rs 546 crore
The Securities and Exchange Board of India has directed Avadhut Sathe Trading Academy to refund 546.18 crore to investors. Avadhut Sathe and his academy provided unregistered investment advisory services under the pretext of education. The regulator found that misleading testimonials were circulated while concealing overall trading losses. A penalty of 11.5 crore was imposed on Sathe and the academy for their actions.
TCL Zhonghuan Powers India's Energy Transition with PV Innovations at REI Expo 2026
Greater Noida (Uttar Pradesh) [India], October 24: The Renewable Energy India Expo (REI) opened on October 22 at the India Expo Centre in Greater Noida. As one of South Asia's major renewable energy industry events, this year's exhibition has attracted companies and industry professionals from around the world. At Booth H16-A275, TCL Zhonghuan showcases a full lineup of high-performance solar products, including high-efficiency silicon wafers, TCL Solar PV modules, and BlueArk energy storage solutions.
