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INDIA bloc has announced a public impeachment program against Chief Election Commissioner Gyanesh Kumar for October 30. Congress President Mallikarjun Kharge convened opposition leaders for this event taking place at his residence. A rally is scheduled for November 1 at Ramlila Maidan, with police approval subject to certain conditions. Organisers must ensure the event concludes by 5 pm and maintain proper facilities for attendees.
'Talked to RBI, forcible recovery from farmers should be stopped': Maharashtra CM
Maharashtra Chief Minister Devendra Fadnavis announced efforts to halt forceful loan recoveries by microfinance companies affecting farmers. As drought conditions worsen, the state government will provide Rs 5,000 relief to farmers during Diwali. The government approved Rs 1.5 lakh crore for additional assistance while ensuring direct fund transfers to farmers. Deputy Chief Minister Eknath Shinde confirmed that multiple benefits would be offered to farmers declared under drought.
The government had relaxed FDI restrictions imposed under Press Note 3 for countries sharing land borders with India, such as China and Pakistan, through Press Note 2 in March.
The Noida Metro Rail Corporation will reduce peak-hour train intervals from 7 minutes 30 seconds to 6 minutes 35 seconds from November 1, 2026. The corporation is also considering extending late-night services, subject to operational feasibility.
Labour, environment and safety violations account for 92% of compliance gaps: TeamLease RegTech
A nationwide audit has highlighted gaps in labour, workplace safety and administrative compliance, exposing businesses to potentially serious legal consequences
War in West Asia was a cloud over L&T. The company has come out shining
L&T reported 1.48 trillion in new orders during the quarter, over a fourth more than the same period last year, taking its consolidated orderbook to a record 8.5 trillionan impressive feat given that war-torn West Asis is its biggest market outside India.
Indias air passenger traffic falls 6.5% in September as higher fares hit demand
Domestic airlines carried 11.82 million passengers in September, the steepest year-on-year decline since the pandemic, as seasonal weakness and rising fuel costs added to pressure from higher fares.
Maruti Q2 profit declines 26% YoY, hit by global tensions, adverse forex movement
Total expenses during the July-September quarter surge to 50,619 crore
Tata Capital Q2 net profit rises 51% on higher income
Tata Capitals second-quarter net profit rose 51% year-on-year to Rs 1,660 crore, supported by higher interest income and loan growth. Assets under management increased 26% to Rs 3.08 lakh crore, while floating-rate lending adjustments and margin improvement remain key priorities.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Sensex and Nifty closed marginally lower as elevated crude oil prices and Fed uncertainty tempered sentiment. Smallcaps surged over 2%, midcaps gained over 1%, and market breadth favoured bulls, with 2,455 NSE stocks advancing.
Stay tuned to businessline for more business, financial and stock market news.
Bengalurus Kempegowda International Airport is trialling Digi Yatra for eligible passengers on select international departures. Trials are available on the Beta app, with a regular-app rollout planned for November 1, 2026.
Waaree Energies Q2 Results: Profit falls 15% YoY to Rs 719 crore, revenue rises 24%
Waaree Energies reported a 14.7% year-on-year profit decline to Rs 718.68 crore in Q2FY27, despite 23.9% revenue growth. Margin pressure persisted as the company acquired data centre subsidiaries, exploring diversification into AI and digital infrastructure.
JSW Infrastructures net profit down 12% in Q2 at 318 crore
EBITDA was up 11% at 674 crore and the company recorded net cash of 1,693 crore and gross debt of 7,292 crore
The Punjab-based company explores air taxis, medical evacuations and cargo transport; the aircraft requires further testing and regulatory approvals before commercial operations.
AM Green bags long term contract from JERA to supply green ammonia in Japan
AM Green will supply around 70,000 tonnes of green ammonia annually over five years, with the potential to extend the term for additional supply.
SC bars creditors from withdrawing insolvency plan over improved finances
Under the Insolvency and Bankruptcy Code (IBC), neither the CoC nor the resolution applicant can withdraw the approved resolution merely by stating that certain developments have made the transaction less attractive, rules the SC.
PhonePe launches Tatkal NPS, lets users open pension accounts with 250
The new facility allows users to open government-backed NPS accounts digitally with contributions starting at Rs 250, using existing bank KYC details and one-time OTP authentication
Tesla nears 1,000 India registrations in 2026; 86-crore equity infusion backs expansion
Tesla has registered 220 990 electric cars in India through October 26, overtaking Mercedes-Benz in registrations so far this month. The American EV makers growing presence comes alongside an 86-crore equity infusion, although profitability remains modest as expansion costs rise.
AI bubble bursting or just letting out air? Neoclouds may offer clues
Elon Musk has warned that over 200 neocloud companies may face significant challenges, including potential failures and consolidation. Despite high demand for AI computing capacity, rising credit costs impact the financial stability of these companies. Research firm Gartner anticipates that more than 80% of neocloud providers may cease independent operations by 2030. Tighter credit conditions could restrain excessive AI spending without affecting overall investment growth.
LatentView Analytics appoints Amith Patalay to lead Europe, UK and Ireland business
Based in Sweden, the industry veteran will focus on regional expansion, strategic client relationships and helping enterprises unlock greater value through AI
US Fed opens two-day meeting with markets expecting rate hold
Policymakers at the US Federal Reserve opened a two-day meeting Tuesday to set interest rates, with markets expecting them to hold steady days ahead of crucial midterm elections. On Tuesday, markets put the probability of rates being held steady at near 90 percent, as per CME's FedWatch tool. aha/mjf
Coke sees strong volume growth in Q3 CY26
The company said it is exploring a potential public listing of Hindustan Coca-Cola Holdings, the parent of Hindustan Coca-Cola Beverages
The company said it has to execute the order over a period of 12 months.
Microsoft offers voluntary buyouts to eligible employees in the US, the UK, Canada and India as it reshapes its workforce amid rising AI investments. Heres what the offer means, who qualifies, the reported severance benefits and how Indian employees, particularly H-1B holders, could be affected.
Maruti Q2 profit falls 27% on West Asia headwinds; sales surge 26.5%
Demand continued to outstrip supply, leaving the company with network inventory of about 17 days and pending bookings of approximately 265,000 units
Maruti Suzuki flags rural demand risks as Q2 profit falls 26%
Indias largest carmaker reported a third straight quarterly decline in profit as rising input costs squeezed margins, even as sales volumes grew 27%.
India's diesel export boom set to ease global fuel shortages in 2027
New refining capacity will boost diesel supplies from India, helping ease global shortages as geopolitical conflicts disrupt fuel flows
Bajaj Auto profit rises 62% as export surge and EV momentum
Bajaj Autos consolidated net profit attributable to shareholders rose 61.9% year-on-year to 3,436.10 crore in the JulySeptember quarter, while revenue increased 59.7% to 25,125.56 crore
Yes Bank AT1 bondholders seek regulatory, govt intervention to enforce SC order
Yes Bank's AT-1 bondholders said many investors had relied on their retirement savings, including provident fund and gratuity, to purchase the bonds. Twelve members died during the court proceedings, according to its submissions.
Advent International has successfully raised $30 billion, with $27 billion designated for its latest flagship fund. The new mid-market strategy has received over $3 billion in commitments since its launch in March. Advent plans to target equity investments between $100 million and $350 million in smaller companies across North America and Europe. Additionally, the firm has made significant investments in India, totaling over $5.6 billion across various sectors.
JLR bets on local assembly, EVs to defend India luxury car ranking
The Tata Motors-owned carmaker expects local assembly to cut Defender SUV prices by up to 20% as it seeks to narrow the gap with Mercedes-Benz and BMW in Indias luxury car market.
JSW Cement net down a tad, plans 1,078 crore capex
Revenue increased to 1,912 crore (1,436 crore)
India to remain top of the Asian pie for Advent
Advent International has successfully raised $30 billion for its global buyout and mid-market funds. The firm plans to invest significantly in India, expecting healthy GDP growth in the country. With recent investments including Yatharth Hospitals and Aditya Birla Housing Finance, Advent remains confident in the Indian market potential. The new fund is set to target various sectors including healthcare, technology services, and industrials.
Simplismart raises $14 million in Series B to expand AI inference platform
Led by Dallas Venture Capital, the Series B round will help Simplismart expand its AI inference platform, strengthen cloud partnerships and grow across North America and global markets
RIL to announce Q2 results on October 30, board to also consider fundraising
Reliance Industries will announce its September-quarter results on October 30, alongside considering fundraising through non-convertible debentures. Investors will track performance across O2C, telecom, retail and energy businesses amid share price weakness and market uncertainty.
ACC net profit plunges 92% to 93 crore on higher cost, lower sales
Revenue from operations was down 5 per cent to 5,666 crore (5,969 crore)
An Amrit Bharat Express linking Bhuj, Gujarat, and Barauni, Bihar, is expected to begin running ahead of Diwali. PM Modi may flag it off during his Gujarat visit, though his official itinerary does not list the inauguration.
Risks spelled out for Anthropic investors include blowback from runaway AI
Risks spelled out for Anthropic investors include blowback from runaway AI
Aligned with industry body to delay BS-VII rules: Maruti Suzuki MD
Hisashi Takeuchi says the company can then discuss in detail with the government the impact of the new norms on the car market in the future
Coal India H1 capital expenditure surges 27% to 7,966-cr, exceeds target
The capex spend in the first half of the fiscal year surpassing the stipulated target of 7,286 crore for the period.
Amazon expects India EV fleet to cross 20,000 vehicles over next year
Amazon plans to expand its electric vehicle fleet from over 15,000 currently, while partnering with Tata Motors to deploy 3,000 electric trucks and boost charging infrastructure
Located in Deira, Dubai Gold District was launched in January 2026 to bring gold and jewellery businesses, bullion trading, wholesale operations and investment activities together in one destination.
GST officers told to split multi-yr tax notices, substantiate fraud claims
CBIC's new circulars seek greater clarity in GST notices and adjudication, while easing registration requirements, export payment rules and input tax credit distribution
Tredence Named as an Industry Leader in ISG Provider Lens Agentic AI Services
San Jose (California) [US]/ Bengaluru (Karnataka) [India], October 27: Tredence, a leading AI and data science company, has been recognized as a Leader in the inaugural 2026 ISG Provider Lens Agentic AI Services Specialists. This recognition underscores Tredence's continuous market leadership, robust agentic AI capabilities, and commitment to driving true business transformation and absolute value for its clients.
Banas Dairy to raise cattle-dung processing capacity by 51% to 515 tonne a day
The expansion precedes PM Modis Banaskantha visit on October 30; Banas Dairy currently processes 340 tonnes of dung daily across four plants
Meghan Markle, the Duchess of Sussex, is set to return to Australia in 2027 to appear on Junior MasterChef Australia. Her upcoming television project comes amid renewed attention on her estranged father, Thomas Markle, following allegations involving child sexual abuse material that he has denied. No date has been set for production, which will take place at Melbourne Showgrounds.
'Muslim Brotherhood wants to install Sharia law': RFK Jr. goes on fiery rant against Abdul El-Sayed
Wabtec bags $94 mn Vande Bharat Sleeper deal, eyes India as export hub
Wabtec secures a $94 million Vande Bharat Sleeper deal with Indian Railways and plans to develop India as a global manufacturing and engineering hub for exports
North Carolina has employed sheep for vegetation management in solar farms to reduce mechanical maintenance. This strategy began as an experiment in 2016 and has expanded significantly since then. A study showed higher organic matter and soil health in grazed areas, though longer-term data is needed. Grazing costs can be competitive with mechanical methods over extended periods. The solar energy sector is growing, necessitating sustainable management solutions like sheep grazing.
PVR Inox among stocks that hit 52-week highs and rallied up to 20% in a month
Six BSE 500 stocks hit fresh 52-week highs despite the Sensex closing nearly flat. International Gemological Institute led monthly gains at 19%, followed by PVR Inox, Acutaas Chemicals, Indian Hotels, Laurus Labs and Sona BLW.
L&T Q2 profit up 33% on healthy order inflow despite Iran war
Larsen & Toubro's (L&T) order inflows rose 28% to 1.48 lakh crore in July-September 2026 with international orders making up 63% of the total.
JSW Infrastructure Q2 Results: Net profit falls 11% to Rs 328 crore
JSW Infrastructure reported an 11 percent drop in consolidated net profit for the September quarter, with earnings falling to Rs 328.23 crore from Rs 368.81 crore the previous year. The company achieved total income of Rs 1,669.47 crore, while expenses rose to Rs 1,238.34 crore. Notably, cargo volumes from India operations grew by 8 percent year-on-year, reaching 29.4 million tonnes.
Sebi extends deadline for debenture trustees to comply with norms till April 2027
Sebi has extended the deadline for debenture trustees to comply with regulatory requirements by six months. The new deadline for compliance is now set for April 27, 2027. This extension was granted after receiving industry feedback about operational challenges faced by debenture trustees. The regulator is currently reviewing the regulatory framework related to debenture trustees through an Expert Working Group.
Cipla Q2 net profit falls 35% to 878 cr as US business weighs on sales
Cipla's consolidated revenue declined 2.4% to Rs 7,404 crore in Q2 FY27 as its North America and API businesses weakened, while India revenue grew 12% to Rs 3,516 crore
Tata Capital Q2FY27 results: Net profit surges 51% to 1,660 crore
Tata Capital on Tuesday reported a 51 per cent growth in consolidated net profit to Rs 1,660 crore for the September quarter of FY27. The company had posted a net profit of Rs 1,097 crore in the July-September period of FY26. Net total income rose 24 per cent to Rs 4,676 crore during the September quarter of FY27, from Rs 3,774 crore in the corresponding period a year ago, the company said in a regulatory filing. Tata Capital Managing Director and CEO, Rajiv Sabharwal, said the company's loan book crossed Rs 3 trillion, underscoring the scale, diversification and resilience of our franchise. The non-bank lender's Assets Under Management (AUM) stood at Rs 3,08,030 crore, up 26 per cent year-on-year. Asset quality remained stable, reflecting our continued focus on portfolio quality, prudent underwriting and effective collections, Sabharwal said. In a separate exchange filing, Tata Capital said its board approved a proposal for the enhancement of the existing medium-term note ..
Telcos push for high-power use of 6 GHz Wi-Fi band
Reliance Jio, Bharti Airtel and Vodafone Idea have sought higher-power outdoor transmissions to expand broadband reach, but concerns over satellite interference remain unresolved.
Bengaluru-based Nova Spectral AI raised $2.25 million to develop short-wave infrared sensor chips in India. Using colloidal quantum dots, the startup aims to make sensors up to 100 times cheaper than conventional models, with a field-ready prototype planned within 18 months.
India must make its defence chips end-to-end, say scientists
At The Hindu Semiconductor Summit, V.K. Saraswat, A. Sivathanu Pillai and Deleep Nair warn that imported chips leave network-centric weapons vulnerable, and that waiting until 2030-35 for advanced nodes would be too late
India must make its defence chips end-to-end, say scientists
At The Hindu Semiconductor Summit, V.K. Saraswat, A. Sivathanu Pillai and Deleep Nair warn that imported chips leave network-centric weapons vulnerable, and that waiting until 2030-35 for advanced nodes would be too late
We dont need to panic today: Uday Kotak says India must prepare for $170 billion FCNR(B) repayment
The RBI introduced a special dollar-rupee swap facility on June 8 to attract foreign currency deposits, reinforce India's external buffers and support its balance of payments amid global uncertainty and pressure on the rupee.
Raymonds aerospace and defence business now brings in a fifth of its income, up from 14% a year ago
Raymond reported a significant increase in revenue from its aerospace and defence business, rising 72% to 139 crore. The company's overall income grew by 21% to 683 crore, indicating strong performance. Operating profit from the aerospace sector also rose to 29 crore with an impressive margin of 21%. Additionally, Raymond is investing in new plants to enhance production capacity and support future growth.
India has engineers, but needs more chip-ready ones
At The Hindu Semiconductor Summit, industry and government agree the shortage is of industry-ready talent and exposure, and that success should be measured by intellectual property and products, not certificates.
HCLTech expands Climate Action Grant to 24 countries, to give $1.25 million to four NPOs
The company launched the HCLTech Grant for Climate Action in the Americas in 2023 to support locally relevant solutions to pressing climate and environmental issues
Mumbai luxury real estate: Naman Xana homes average 152 crore each; Godrej Trilogy leads sales
Mumbai's top 10 luxury residential projects recorded 6,116 crore in registered home sales between April and September 2026. Godrej Trilogy Seafront led by total sales value at 1,199 crore, while Naman Xana recorded the highest average transaction value at approximately 152 crore per home.
India must build semiconductor capabilities beyond chip design, says DG of Semiconductor Laboratory
Kamaljeet Singh flags foreign dependence on critical inputs; calls for stronger R&D, manufacturing infrastructure and specialised skills
India must build semiconductor capabilities beyond chip design, says DG of Semiconductor Laboratory
Kamaljeet Singh flags foreign dependence on critical inputs; calls for stronger R&D, manufacturing infrastructure and specialised skills
Indian equity benchmarks ended nearly flat on Tuesday, with the Nifty 50 slipping 0.02% and the Sensex falling 8 points amid elevated crude prices and caution ahead of the US Fed decision. Tata Consumer and Bharti Airtel led gainers, while Asian Paints and Coal India topped the losers list.
India Game Developer Conference returns to Chennai for its 18th edition
The four-day event, beginning October 28, will bring together over 10,000 attendees and 90 speakers, with a focus on indie game development, investment and innovation
No US pressure on importing Russian crude oil: H S Puri
The Union Minister also clarified that there is no immediate plan to increase ethanol blending on petrol from the current 20 per cent.
Tata Capital Q2 Results: Profit jumps 51% to Rs 1,660 crore; NII up 23%
Tata Capitals September-quarter net profit surged 51% year-on-year to Rs 1,660 crore, driven by loan growth, higher interest income and lower provisions. Its loan book crossed Rs 3 lakh crore, while improving margins and asset quality strengthened profitability.
Agilisium to shift its Asia headquarters from Chennai to Hyderabad
The shift to Hyderabad is aimed attaping into Hyderabads strong pharmaceutical and biotechnology ecosystem, the company said
Germany sees India, Tamil Nadu as semiconductor partners
Consul-General of the Federal Republic of Germany identifies opportunities in power semiconductors, manufacturing technologies, research and skills development, citing Tamil Nadus automotive and electronics industries
Vedanta Iron Q2 Results: Loss narrows to Rs 324 crore, revenue declines 2% YoY
Vedanta Iron and Steel narrowed its Q2 FY27 loss to Rs 324 crore from Rs 477 crore a year earlier, while revenue declined 1.7% to Rs 2,742 crore. EBITDA rose 56% to Rs 83 crore, supported by improved steel realisations and efficiency gains. The company also reported record half-yearly pig iron production.
Cipla Q2 net profit falls 35% to 877.5 cr, revenue declines marginally
Pharmaceutical major Cipla on Tuesday reported a 35 per cent decline in its consolidated net profit for the second quarter ended September at 877.54 crore, as revenue fell marginally while expenses grew during the period. The company had posted a net profit of Rs 1,351.17 crore during the corresponding period a year ago, a regulatory filing showed. During the July-September quarter under review, total revenue from operations declined to Rs 7,403.93 crore, from Rs 7,589.44 crore a year ago. Meanwhile, total expenses rose to Rs 6,377.75 crore, from Rs 6,004.86 crore in the second quarter of the previous financial year.
Minister P.K. Kunhalikutty launches SalesX by Virtual Captains in Kozhikode
Kozhikode (Kerala) [India], October 27: Industries and Information Technology Minister P.K. Kunhalikutty launched SalesX by Virtual Captains, an AI-enabled sales platform, at a function held at Raviz Kadavu here on October 24.
India needs three lakh semiconductor professionals by 2030, says SRMIST VC
Muthamizhchelvan calls for closer industry-academia collaboration to develop semiconductor talent and translate university research into commercial products
L&T Q2 net profit rises 33% to 5,202 crore on strong order inflows
Larsen & Toubro reported a 33 per cent rise in second-quarter profit to Rs 5,202 crore, driven by healthy order inflows, infrastructure spending and reconstruction activity in West Asia
Raymond Q2 Results: Net profit jumps 130% YoY to Rs 32 crore, revenue rises 24%
Raymond reported a 130% year-on-year jump in consolidated net profit to Rs 32 crore in Q2 FY27, while revenue rose 24.1% to Rs 655 crore. EBITDA increased 74.4% to Rs 75 crore, with margins expanding 336 basis points to 11.5%. The company has also proposed a name change to Raymond Aerospace, Defence & Engineering.
The number of wireless mobile subscribers rose from 1,293.43 million at the end of August to 1,300 million by the end of September, marking a monthly growth rate of 0.51%.
Jubilant Ingrevia Q2 net profit surges 60% to 111 cr
The company had posted a consolidated net profit of 69.47 crore in the corresponding quarter of the preceding fiscal
MRPL bags two awards at Energy Technology and Innovation Meet
The company received Best Indigenously Developed Technology award for KARVE IBB Indigenous Active Pharma Intermediate Process Technology for manufacture of Isobutyl Benzene
Bajaj Auto reports 35% rise in standalone profit to 3,354-cr in Jul-Sept
The company had posted a standalone profit after tax of 2,480 crore in the July-September period of FY26
UPI-MDR an additional earnings opportunity, not Paytm's business model foundation: Brokerages
Paytm has reported a substantial increase in revenue, demonstrating the success of its existing business model. The company's EBITDA has improved due to efficient cost control and a strong merchant franchise. Financial services have significantly contributed to revenue growth, highlighting the diversity of its business operations. Global brokerages support the view that UPI-MDR will enhance, rather than define, future profitability.
Cent raises $15 million to expand AI-powered preventive healthcare platform
Blume Ventures and South Park Commons led the funding round as Cent plans to expand its AI-powered medical imaging, diagnostics and preventive healthcare services in India
WeWork India H1FY27 net profit rockets 150%, revenue surges 30%
WeWork Indias first-half FY27 net profit surged 149.5% to Rs 119 crore, while revenue grew 30.1% to Rs 1,466.7 crore. Capacity expansion, rising memberships, stronger cash flows and improved margins supported growth and strengthened its financial position.
AdTech Accounts for Nearly 80% of Russia's Media Technology Market
New Delhi [India], October 27: Russia's media technology market has reached RUB 377 billion in annual revenue, with advertising content creation technologies accounting for RUB 301 billion, or nearly 80% of the total, according to estimates by the Moscow Innovation Cluster and Reksoft Consulting. The market is projected to grow by a factor of approximately 2.7 by 2030, reaching nearly RUB 1 trillion.
Bajaj Auto Q2 results: Standalone profit rises 35% to 3,354 crore
Revenue from operations for the quarter under review stood at Rs 20,003 crore, up 34 per cent year-on-year from Rs 14,922 crore in the September quarter last year
Troovy raises 100 crore in Series B round led by Fireside Ventures
Troovy offers products such as clean label ketchups and seasonings, vacuum-cooked potato chips and vegetable and millets-based chips.
Wow! Momo enters Sri Lanka, eyes 20 outlets in two years
Wow! Momo Foods has partnered with Sri Lankan conglomerate Softlogic Corporation as its master franchisee to launch its brand in Sri Lanka
