22 C 
New Delhi [India], October 31: Ajooni Storage Systems, an ISO 9001 and BIFMA certified manufacturer, exporter and supplier of industrial storage solutions headquartered in Dwarka, New Delhi, today announced the expansion of its product range in Gun Compactors - for storing Rifle and pistols, supplied in Air Force and army, Order Picker Racking System and Heavy Duty Reel Racks. The company serves factories, warehouses, defence establishments, schools, libraries and commercial retailers across Delhi, Haryana, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand, and exports to African markets.
Forget festive hampers, companies are trading gift boxes for holiday getaways
Companies are shifting towards offering travel vouchers as a preferred gifting option for employees. This change allows for more personalised experiences with loved ones during holidays. Many firms are also providing flexibility in travel options, catering to individual preferences and interests.
Karnataka govt's five promises come at a price
Karnataka's Congress government has approved an increase in Nandini milk prices, raising it from 46 to 54 per litre. The government claims this hike will enhance farmers' income and address financial pressures. However, the Opposition BJP argues that this will add to the cost of living for citizens. The government's five guarantees are estimated to cost 51,000 crore this year, creating further financial strain.
India complete Commonwealth Kabaddi double with commanding men''s final win over Sri Lanka
The Indian men's team defeated Sri Lanka 54-20 to clinch the inaugural men's crown, while the women beat Uganda 35-15 earlier in the evening to seal the women's title. The triumphs capped an unbeaten campaign for both Indian teams at the nine-day competition.
Amit Shah says Sardar Patel did not get due recognition for contributions, flags off 'Run for Unity'
Union Home Minister Amit Shah emphasized the importance of recognizing Sardar Vallabhbhai Patel's contributions to India. During the 'Run for Unity', he condemned efforts by the Opposition to diminish Patels legacy. Shah highlighted India's diverse linguistic and cultural heritage as a source of strength rather than weakness. He recalled Patel's role in unifying princely states and shaping India's geography.
UP CEO's X handle apologises after controversial reply to AAP leader Sanjay Singh
The Uttar Pradesh Chief Electoral Officer's (CEO) office apologised after its official X handle posted a sarcastic response to AAP leader Sanjay Singh's allegation of caste bias over a voter's name being mistranslated. The exchange triggered criticism from Opposition leaders, prompting the office to promise more polite and formal communication.
A dafli's account of its detention during the Gen Z protests
In a satirical first-person account, a dafli narrates its brief detention at a police station after being confiscated during the Gen Z protests. Separated from its student activist owner, the percussion instrument encounters whistles, placards and bewildered policemen before using its own rhythm to help its owner escape and return to the protest.
Quad ministers pledge over $85 million for AI access, flag economic coercion and supply chain risks
Quad foreign ministers meeting in Atlanta reaffirmed their commitment to a free and open Indo-Pacific, focusing on economic security, resilient supply chains and trusted infrastructure. They announced plans to provide over $85 million in technical and financial assistance for access to trusted super intelligence (SI), while pledging action against cyber scams and transnational criminal networks.
ED arrests senior Samajwadi Party leader Azam Khan minutes after release from Rampur Jail
Azam Khan, a senior leader of the Samajwadi Party, was arrested by the Enforcement Directorate shortly after his bail. His bail was granted by the Allahabad High Court in an alleged dual PAN card case. The Enforcement Directorate is investigating financial irregularities linked to the Maulana Mohammad Ali Jauhar Trust and Mohammad Ali Jauhar University. Khan's land and buildings were provisionally attached under anti-money laundering laws by the agency.
LANXESS and BPCL partner to advance specialty lubricant solutions in India
The partnership leverages LANXESS' global lubricant additive expertise, formulation capabilities, and existing OEM relationships alongside BPCL's strong domestic market presence, base oil portfolio, manufacturing infrastructure, and extensive customer reach
Reese Witherspoon's production company Hello Sunshine has reportedly laid off around 30 employees, or half its workforce, weeks after she and Mediawan reacquired it. The company is moving away from direct-to-consumer ventures to focus on films, TV and books.
Doctors back their own software: Docterz raises 5 cr, nearly 60% from users of its clinic platform
Docterz aims to deepen its presence in the Indian clinic software market while adding AI capabilities that reduce administrative load. For a company founded by a practising doctor and now backed substantially by its own users, the funding reinforces a model built on practical utility.
Flipkart says it has robust governance as some staff face probe over alleged seller kickbacks
The employees allegedly exploited Flipkarts B2B operations taking cuts from vendors in exchange for preferential treatment
Muthoot Finance Q2 profit rises 36% to 3,278 crore on gold loan growth
Muthoot Finance's Q2 FY27 consolidated profit rose 36 per cent to 3,278 crore, driven by gold loan growth, while loan AUM increased 42 per cent to 2.09 trillion
Radico Khaitan sets sights on Scotland to secure malt whisky supplies
Recent disruptions in the West Asia and Gulf corridor highlighted the risks of concentration in individual markets. The company was working to strengthen distribution across other regions.
Radico Khaitan sets sights on Scotland to secure malt whisky supplies
Recent disruptions in the West Asia and Gulf corridor highlighted the risks of concentration in individual markets. The company was working to strengthen distribution across other regions.
Q2 Results Highlights, 31st October 2026: businessline brings to you latest Q2 announcements, earnings updates and more.
Muthoot Finance Q2 profit rises 27% to 2,977 crore, income up 37%
Muthoot Finance on Saturday reported a 27 per cent growth in standalone profit at Rs 2,977 crore in the September quarter. The company had a profit of Rs 2,345 crore in the July-September quarter of FY26. Total income rose to Rs 8,842 crore in the July-September quarter, from Rs 6,442 crore in the corresponding quarter a year ago, Muthoot Finance said in a regulatory filing. Interest income rose to Rs 8,730 crore in Q2 of FY27, from Rs 6,304 crore in Q2 of FY26. For the first half (April-September) of current fiscal year, profit after tax grew 39 per cent to Rs 6,103 crore on a consolidated basis. Consolidated loan AUM during April-September increased 42 per cent to Rs 2.09 lakh crore. Consolidated gold loan AUM increased 46 per cent year-on-year to over Rs 1.93 lakh crore. George Alexander Muthoot, Executive Vice Chairman, Muthoot Finance said India's gold loan market continues to present significant growth opportunities, supported by rising demand for secured credit and the ..
EKA Mobility plans 1,000-crore R&D investment, targets 40,000-unit capacity utilisation by 2030
EKA aims to raise exports to 20-30% of total sales over the next few years. It is exploring further opportunities in the African markets.
NCLT scraps JLS Realty land transfer to Spenta, cancels 525 cr IIFL deal
The National Company Law Tribunal (NCLT) invalidated a series of transactions involving JLS Realty Pvt Ltd, including the transfer of a prime redevelopment land parcel in Mumbai to Spenta Suncity and a mortgage and corporate guarantee linked to Rs 525 crore in financing involving IIFL. In an order pronounced on October 23, the Mumbai bench of the tribunal also invalidated the appointment of two IIFL-linked employees as directors, declared the attempted removal of an existing director illegal, reversed disputed share transfers and ordered restoration of the company's land. The Bench, comprising Judicial Member K R Saji Kumar and Technical Member Anil Raj Chellan, held that the sequence of events was demonstrative of a deliberate design, constituting oppression marked by a lack of probity and fair dealing. The ruling follows five years of litigation initiated by Moniveda Consultants LLP and Rajat Jhunjhunwala against Shajas Developers, JLS Realty, and other respondents. The dispu
LPG under recovery may rise to 370/cylinder in December 2026
The OMCs are saddled with huge under recoveries on account of selling the cooking fuel--used by more than 33 crore households--at below the prevailing market rates
NTPC posts net profit of 7,351 Cr in Q2 FY27
he net profit of the countrys largest power generator rose by 7 per cent on a sequential basis
Vadodara (Gujarat) [India], October 31: Ratnaveer Precision Engineering Limited has announced its unaudited financial results for the quarter and half year ended September 30, 2026, reporting strong year-on-year growth across key financial parameters. Alongside its financial performance, the company continues to advance its capacity expansion plans, with its new CCL plant progressing towards completion and currently approximately 75% complete.
Birla Corporation Q2 profit plunges 58.9% to 37 crore on higher input costs
Higher clinker, power and fuel expenses weighed on profitability, even as cement sales volumes increased and premium product sales recorded growth
Students going abroad must return to country to give back to nation: DRDO DG Binay Das
Binay Kumar Das expressed the crucial importance for students studying abroad to keep their cultural roots and identity alive. At the Open House event held at the Indian Institute of Technology, he motivated students to return to India and make meaningful contributions.
NTPC Q2 net up 14% to 5,320-cr. on higher generation, improved efficiencies
The companys commercial generation increased 11.1% YoY to 92.413 billion units (BU).
Pradeep Khullar was 15 years old when his father passed away after battling cancer in 1998. Most of the family's savings had gone towards his father's treatment, leaving them in financial difficulty.
Demolition follows Bombay High Court order; MMRDA provides alternative permanent accommodation to eligible project-affected persons
Muthoot Finance Q2 cons profit jumps 36% YoY to Rs 3,278 crore
Muthoot Finance reported a 36% year-on-year rise in consolidated net profit to Rs 3,278 crore in Q2, while assets under management grew 42% to Rs 2.09 lakh crore. However, standalone gross NPA ratio rose to 3.87% from 2.28% in the previous quarter, indicating a deterioration in asset quality
Western Railway has demolished the remaining 94 structures at Mumbai's Garib Nagar after the rehabilitation of eligible occupants. The cleared land will be used to expand Bandra Terminus, including a new platform and train maintenance facilities.
Aditya Birla Fashion and Retail Q2 profit more than doubles to 53 crore
Aditya Birla Fashion and Retail Ltd (ABFRL) on Saturday reported a twofold increase in consolidated net profit at Rs 53.05 crore for September quarter FY27. The company had posted a net profit of Rs 23.44 crore during July-September FY26, according to a regulatory filing from ABFRL. Revenue from operations rose to Rs 2,265.61 crore from Rs 2,037.90 crore earlier. Total expenses of ABFRL, which handles Pantaloons and Style Up, along with a host of ethnic brands, were at Rs 2,224.99 crore, up 9.71 per cent in the second quarter of FY27. Total income, including other income, was up 11.48 per cent to Rs 2,295.42 crore in Q2 FY27. Last year, the Aditya Birla Group demerged its Madura business into a separately listed entity, Aditya Birla Lifestyle Brands Limited (ABLBL), effective from May 1, 2025. ABLBL has its lifestyle brands business as Louis Philippe, Van Heusen, Allen Solly, Peter England, Simon Carter and youth western wear brands such as American Eagle. It also has a sportswea
Sebi to release FII compliance consultation paper within weeks, says chairman Tuhin Kanta Pandey
Sebi is likely to release a consultation paper on foreign investor compliance requirements within weeks, chairman Tuhin Kanta Pandey said. The proposed document will explore aligning Indian norms with global standards amid heavy FII outflows. The regulator is also planning a capacity-building network to strengthen independent directors effectiveness.
Drug regulators flag failures in quality management system; Sun Pharmaceuticals compliance report under review
Acme Universal Safezone 9 posts 7 crore H1 profit as revenue rises 16%
The industrial safety footwear maker reported improved financial performance in its first results since listing on the BSE SME platform last month
Infosys has opened a 1.1 million sq ft development block at its Hyderabad Pocharam campus, adding 10,000 seats and capacity for more than 13,000 employees under a hybrid model. The expansion supports growing demand for AI, cloud, cybersecurity, engineering and other technology services.
Pharma company Gufic buys Lodha Avalon duplex in Juhu for 236 crore
The purchase adds to a growing list of high-value deals at Lodha Developers luxury Mumbai project, which has attracted pharmaceutical promoters and business executives.
SEBI chairman says market regulator keeping eye on Tata Group developments
The comments came amid differences over governance matters at Tata Sons, the group's holding company, including the reappointment of N Chandrasekaran as chairman and the question of its proposed listing.
Virgin Media O2 may cut up to 4,000 jobs in major cost-cutting exercise
British telecoms operator Virgin Media O2 is considering cutting up to 4,000 jobs as part of a major restructuring, Sky News reported
Fewer IIT and IIM graduates are turning entrepreneurs in 2026, even as India's startup ecosystem expands. Only 79 IIT alumni and 20 IIM alumni founded tech startups between January and August. Experts attribute the startup boom to AI tools, lower costs and layoffs, but flag untapped talent.
NTPC Q2 net profit jumps 39% to 7,030 crore, revenue rises 21%
NTPCs total income rises to 54,715.69 crore in Q2 FY27 from 45,262.10 crore in year-ago period
Googles parent company is investing heavily in artificial intelligence infrastructure as its cloud business expands. But the spending is weighing on cash flow, while AI-powered search raises questions about the future of its advertising business
Petrol export duty cut to nil, diesel levy raised by 3 a litre
The governments fortnightly review raised the export levy on diesel to 11.5 per litre from 8.5 and on aviation turbine fuel to 11 per litre from 10.5, while Indias diesel exports touched 700 kilo barrels per day in October, the highest since September 2025, according to Kpler
Eveready Industries posts 31.92 cr profit in Q2 FY27
Eveready Industries revenue from operations rises 10.72% to 428.24 crore in Q2 FY27
Tilaknagar Industries Q2 profit down 57.7% to 22 cr
Tilaknagar Industries revenue from operations rises to 2,437.55 crore in Q2 FY27 from 896.92 crore in year-ago period
Dalal Street Weak Ahead: Nifty stands on firmer footing, but can it break past 23,450?
The Nifty gained 2% last week, recovering above the crucial 200-week moving average at 22,700. While easing volatility and buying at lower levels support the rebound, bearish momentum indicators suggest caution. Analysts identify 23,300
BPCL, Lanxess in pact to explore advanced industrial lubricant technologies
Specialty chemicals company LANXESS and Bharat Petroleum Corporation Limited (BPCL) on Thursday said they have entered into an agreement to explore opportunities for long-term cooperation in advanced industrial lubricant technologies, specialty fluid solutions and related applications in India. The Memorandum of Understanding (MoU) establishes a non-exclusive framework for evaluating technical and commercial opportunities aimed at developing innovative lubricant solutions, supporting OEM approvals, enhancing localisation and creating long-term value for customers across industrial sectors in India, according to a statement. The cooperation will combine LANXESS' global lubricant additive expertise, formulation capabilities and OEM relationships with BPCL's strong domestic market presence, base oil portfolio, manufacturing infrastructure and customer reach. The two companies will also assess opportunities in next-generation and sustainable technologies, including bio-based lubricants,
Bengaluru to Goa in 13 hours 20 minutes: Check Vande Bharat route, timings and weekly schedule
The new Vande Bharat Express will operate under train numbers 26655 and 26656. It will cover the distance between Yesvantpur and Madgaon in approximately 13 hours and 20 minutes.
Moscow Ranks Among the World's Top Three Video Game Development Hubs
New Delhi [India], October 31: The ranking includes ten hubs across ten countries. Moscow ranked ahead of hubs in South Korea, Spain, Singapore, India, Brazil and Germany. The hubs ranked above Moscow were AD Gaming Hub in Abu Dhabi, with a score of 2.56, and Shanghai's Xuhui District, with 2.48. The findings were presented during the business program of the second Moscow International Game Week, taking place in Moscow from October 29 to November 1, 2026.
CDSL Q2 results: Net profit jumps 24% YoY to Rs 173 crore, revenue up 24%
Central Depository Services (India) Limited (CDSL), a market infrastructure institution, on Saturday reported a 24% year-on-year increase in net profit to Rs 173 crore in the second quarter, compared with Rs 140.2 crore in the corresponding quarter last year.Revenue grew 23.7% to Rs 395 crore from Rs 319 crore in the year-ago period. EBITDA increased to Rs 229 crore, while EBITDA margin expanded to 58% from 56% a year earlier.For the quarter under review, CDSL opened around 75 lakh new demat accounts during the quarter, taking its assets under custody (AUC) beyond Rs 89 lakh crore. The company's demat account base registered year-on-year growth of around 17% as of the end of Q2, Vora said.Commenting on the performance, Nehal Vora, Managing Director and Chief Executive Officer of CDSL, said participation in India's securities market continued to remain resilient despite global macroeconomic volatility. The company's demat account base grew around 17% year-on-year as of the end of Q2.He added that the sustained growth in market participation would encourage CDSL to further strengthen its operations and value proposition.During the quarter, CDSL increased its investments in India International Bullion Holding IFSC Limited (IIBHL) to support the development of IT infrastructure, among other initiatives.The company also made a strategic investment in the Open Network for Digital Commerce (ONDC), an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry.Separately, CDSL's subsidiary, Centrico Insurance Repository Limited, signed a software development partnership agreement with Shoveltech Solutions Private Limited, a company operating in the health-tech domain.CDSL facilitates the electronic holding, settlement and transfer of securities, catering to various market participants, including depository participants, issuers, investors, registrars and transfer agents (RTAs), clearing corporations and stock exchanges. It is Asia's first listed depository and manages over 19.34 crore demat accounts, with a network of more than 590 depository participants.Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her relative(s) (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
ET Wealth Expo | Only 6 of 1990's Sensex stocks survive: S Naren's case for smarter asset allocation
S Naren of ICICI Prudential Mutual Fund highlights how only six companies from the 1990 Sensex remain in the benchmark today. At ET Wealth Expo, he explained why beaten-down stocks may never recover and urged investors to distinguish between asset allocation and stock selection, while cautioning against chasing strong past returns.
India to meet liquor firms as domestic giants join foreign peers in Scotch dispute
The International Spirits & Wines Association of India warns New Delhi that the move to exclude bulk Scotch imports could undermine the pact
Finished dosage facility of Granules in Hyderabad gets 11 U.S. FDA observations
The U.S. FDA issued a warning letter in February 2025 after inspecting the facility in AugustSeptember 2024
Salem (Tamil Nadu) [India], October 31: Kauvery Hospital Salem, has launched the 'Padi Eru Paati' campaign to encourage elder women to address knee pain and mobility challenges and lead active, independent lives. The initiative follows the conclusion of the earlier 'Oodi Vilayadu Thatha' campaign, which benefited elderly men in Salem. Building on the response to the previous initiative, 'Padi Eru Paati' will focus on raising awareness about knee health and advanced treatment options among elder women.
Protests by sugarcane farmers took place at the Hittinahalli toll gate in Vijayapura district. They demanded a price of Rs 5,500 per tonne for their sugarcane amidst a statewide bandh. Farmers expressed their dissatisfaction with both state and central governments regarding the support price dispute. Meanwhile, responses to the bandh varied in Belagavi city, where most services remained operational.
In 1906, Rawhide, Nevada saw a surge in population, swelling to 7,000 residents after gold was discovered. However, by 1910, it faced a steep decline to about 500 inhabitants, driven by disasters like a severe fire in 1908 and flooding. Although the town was rich in gold and silver, scandals marred its image. Today, Rawhide is a sobering reminder of the fleeting glory of boomtowns.
Sudhanshu Trivedi targets Congress over mock Parliament, cites World Bank report
Sudhanshu Trivedi criticized the Congress party for organizing a mock Parliament after their recent failures. He emphasized the significant reduction in poverty in India under Prime Minister Narendra Modi's leadership from 2011 to 2023. Trivedi referenced the World Bank's report claiming only 2.6 percent of the population remains in extreme poverty today. The Gini Index results also showed that India ranks among the most economically equal countries globally.
Elon Musk reacted with a one-word comment, Gross, after the New York Post reported on cockroach milk and its potential as a future superfood. Produced by female Pacific beetle cockroaches to nourish their young, the protein-rich secretion has attracted scientific interest, although its extraction remains complex and its use in food products is still being studied.
Congress Leaders pay tribute to Indira Gandhi on 42nd death anniversary
Mumbai airport operator MIAL has asked airlines to submit plans by November 3 for shifting some international flights to Navi Mumbai. Many carriers want until the October 2027 winter schedule, while opposing slot cuts and calling for Terminal 1 redevelopment to be phased.
IGL to supply PNG to 22 Northern Railway establishments across Delhi-NCR
Indraprastha Gas Ltd (IGL) has signed an agreement with the Delhi Division of Northern Railway to supply piped natural gas (PNG) to 22 railway establishments across Delhi-NCR, as the city gas distributor steps up efforts to replace conventional fuels with natural gas under the government's PNG Drive 3.0. The agreement will initially facilitate the supply of around 3,000 standard cubic metres of gas per day (SCMD), replacing consumption of approximately 500 kg of liquefied petroleum gas (LPG) and 2,500 litres of diesel daily, IGL said in a statement. The proposed conversion will cover railway mechanised laundries, officers' rest houses, base kitchens, running rooms, subordinate rest houses and guard and ticket examiner lobbies across Delhi, Ghaziabad and Gautam Buddha Nagar. The mechanised laundries at Delhi Sarai Rohilla, Old Delhi, Anand Vihar Terminal, Hazrat Nizamuddin and New Delhi will use PNG for boiler operations. IGL expects consumption under the initiative to increase to .
Turnaround Story: 8 stocks shift from loss to profit in September '26 quarter
A Turnaround Story YoY indicates that a company has moved from reporting a net loss in the corresponding quarter last year to posting a net profit in the latest quarter, signalling a significant improvement in its financial performance. Within the Nifty 500 universe, we have highlighted eight stocks that reported a return to profitability in the September 2026 quarter, compared with losses in the year-ago quarter, based on StockEdge's profitability scan data.
Lab Rats series: Activating natural killers for cancer with Zumutor
Zumutor Biologics is betting on a novel cancer drug that activates natural killer cells. With its lead candidate in phase 1 trials, the startup faces the challenge of turning early clinical signals into a licensing deal and investor returns.
Maruti Suzuki Dzire crosses 3.5 million units of cumulative production
Currently manufactured at the company's Manesar facility, Dzire achieved the milestone in about 18 years and 9 months
IDBI Bank employees' forum opposes Fairfax stake sale, seeks parliamentary review
The United Forum of IDBI Officers and Employees has opposed the planned sale of IDBI Bank's majority stake. They have requested an immediate suspension of the sale process due to market volatility. The forum argues that the decision lacks adequate justification and transparency. They are calling for a comprehensive review under parliamentary scrutiny, emphasizing the need for caution.
The CBI has registered a case on alleged fund diversion at PNBs Greater Noida branch. With 10.24 crore in unauthorised debits identified and employees suspended, the bank is examining customer accounts and settling claims. Here is what the complaint says and what investigators have found so far.
CCI clears Xavier Niel's 5.1 bn euro Vodafone stake acquisition, 3 deals
The regulator also approved transactions involving Prosus-backed Navi, Aditya Birla Renewables' acquisition of Solenergi Power and Adani Energy Solutions' purchase of IntelliSmart Infrastructure
Virat Kohli's ownership in Agilitas Sports, a home-grown sportswear firm, has increased to 6.4 per cent from 1.8 per cent, following the merger of cricketer's firm One8 Sports.
Sebi pushes for resilient capital markets, focuses on investor protection: Chairman
SEBI Chairman Tuhin Kanta Pandey emphasized the importance of accessible and efficient capital markets at a recent forum. He highlighted the growth in market capitalisation with significant annual fundraising through equity and debt. The number of investors in West Bengal has dramatically increased, indicating regional market participation. Additionally, various steps have been taken to streamline compliance and fundraising processes for issuers.
ITC Hotels has signed a management agreement for the 105-key Fortune Select Greater Noida, expanding the brands presence in Uttar Pradesh and the NCR. Located at India Expo Plaza, the hotel will cater to corporate, MICE and leisure guests and is expected to open early next year.
IGL, Northern Railway join hands to replace LPG, diesel with PNG at 22 locations
The agreement will initially supply about 3,000 SCMD of gas, replacing roughly 500 kg of LPG and 2,500 litres of diesel daily, IGL said
This Festive Season, Add a Touch of European Baking to India's Celebrations
New Delhi [India], October 31: In India, festivals have always been about coming together, celebrating traditions and sharing good food. From boxes of mithai exchanged with loved ones to treasured family recipes prepared for special occasions, food has long been at the heart of festive celebrations.
IGL Q2 result: Net profit plunges 93.5% to 24 crore on higher gas costs
Indraprastha Gas Ltd (IGL), the country's largest city gas distributor, reported a sharp 93.5 per cent decline in standalone net profit for the September quarter as a substantial increase in input gas costs eroded margins, offsetting higher sales volumes and revenue. Net profit fell to Rs 24.38 crore in the second quarter of 2026-27 from Rs 372.51 crore a year earlier, despite an 8 per cent increase in sales volumes and a 26 per cent jump in gross turnover. The company said its average daily gas sales crossed the 10 million standard cubic metres per day (mmscmd) mark for the first time, rising to 10.06 mmscmd in the July-September period from 9.31 mmscmd in the corresponding period last year. Gross sales turnover increased to Rs 5,999.13 crore from Rs 4,431.63 crore, reflecting higher sales as well as the impact of increased gas prices. CNG volumes grew 9 per cent year-on-year during the quarter, while piped natural gas (PNG) sales rose 8 per cent, indicating continued expansion in
Concurrent Gainers: 8 stocks that gain for 5 days in a row
Over the five trading sessions ended October 30, the Sensex advanced 1.8%, or 1,336 points, to close at 74,459, posting gains in four of the five sessions. Amid the broader market rally, around 18 stocks from the BSE 500 index rose in each of the five consecutive trading sessions between October 26 and 30. Of these, we identified eight stocks that gained on all five days, delivering cumulative returns ranging from 10% to 21% during the period. (Data Source: ACE Equity)
Lodha Developers makes NCR market debut with 1,700 crore office project
The Mumbai-based developer is expanding beyond its traditional markets as it prepares a residential launch in Gurugram and builds a 20,000 crore housing launch pipeline for the second half of FY27.
IGL Q2 profit plunges 93% as higher gas costs erode margins despite record sales
Net profit fell to 24.38 crore in the second quarter of 2026-27 from 372.51 crore a year earlier, despite an 8% increase in sales volumes and a 26% jump in gross turnover
ICICI Prudential MF's S Naren warns investors against chasing assets after spectacular rallies, highlighting how silver's 216% surge drew record ETF inflows before a 27% correction. At the ET Wealth Expo, he explained why genuine asset allocation means buying unpopular assets and why gold still deserves a place in portfolios.
Jatin Kumar Nayak takes charge as Ireda chairman and managing director
Jatin Kumar Nayak has assumed charge as the Chairman & Managing Director of Indian Renewable Energy Development Agency (IREDA), a company statement said. Prior to this appointment, Nayak held the position of Executive Director (Finance) at REC Ltd. Nayak has over three decades of rich and diverse experience, the statement said. He has served as Chief Financial Officer of erstwhile REC Transmission Projects Company Limited, a subsidiary of REC. Earlier in his career, he has worked with NHPC, Hindustan Copper, National Aluminium Company Ltd (NALCO) and Neelachal Ispat Nigam Ltd. His experience spans over the power sector and resource-intensive industries, including mining and metals. He also brings substantial expertise in domestic and international resource mobilisation, strategic treasury management, corporate finance, taxation and legal affairs, project appraisal and monitoring, lending operations, loan recovery, and stressed asset management. Nayak holds a Master's degree in .
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.
Diwali stock picks: SBI Securities lists 11 stocks with up to 22% upside potential. Do you own any?
As India prepares to celebrate Diwali next week, investors will welcome Samvat 2083 after a challenging year for equities.SBI Securities expects a gradual recovery after two years of consolidation. The primary catalyst for this recovery, according to the brokerage, will be a pullback in crude oil prices below $90 per barrel.
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
