27 C 
IOC, BPCL, HPCL clock 30,106 cr Q2 profit, nearly 39% of FY26 earnings
India's three state-run fuel retailers earned a combined standalone net profit of Rs 30,106 crore in the July-September quarter, nearly 39 per cent of their annual earnings, after a refining margin boost and inventory gains helped more than offset losses on fuel sales and a mounting unpaid LPG subsidy bill. The combined profit of Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) is 68.3 per cent more than their earnings in the same period last year and a swing from a combined loss of about Rs 18,150 crore in the previous April-June quarter, according to company filings. The July-September quarter alone equals about 39 per cent of the three companies' combined FY26 (April 2025 to March 2026 financial year) profit of Rs 77,281 crore. The boost in earnings came despite petrol and diesel prices remaining on freeze since May and unchanged domestic LPG rates since March, despite a surge in benchmark prices and input crude
Tech Mahindra prioritises growth blitz after margin boom
As he completes 12 quarters at the helm next month, Tech Mahindra CEO Mohit Joshi talks about prioritizing organic growth, decoupling headcount from revenue in the AI era, and eyeing larger acquisitions next year.
IOC, BPCL, HPCL clock Rs 30,106 cr Q2 profit, nearly 39 pc of last year's annual earnings
In the third quarter, spanning July to September, India's three major state-run fuel retailers announced a combined net profit of Rs 30,106 crore, reversing a previous loss of Rs 18,150 crore. This profitability surge defied the ongoing freeze on petrol and diesel prices since May. Indian Oil Corporation achieved its highest standalone quarterly net profit, buoyed by strong refining margins, yet faces ongoing challenges related to fuel under-recoveries.
Can Nifty, Sensex extend gains after rallying up to 2% last week? 4 factors to watch on Monday
Indian benchmark indices Sensex and Nifty ended the week higher, gaining up to 0.5%, even as broader markets declined amid rising crude oil prices above $117 a barrel. Investors will track oil price movements, foreign institutional investor (FII) activity, global cues and domestic market trends for direction. FIIs turned net buyers after a 10-week selling streak, lending support to sentiment.
FPIs pull out Rs 34,843 cr from equities in Oct; turn net buyers last week
Amidst rising economic fears, foreign portfolio investors withdrew Rs 34,843 crore from Indian equities in October. Although they had made significant contributions in July and August, outflows continued through September. By late October, a turnaround occurred as foreign investors became net buyers, infusing approximately Rs 6,300 crore into the market. Support from domestic institutional investors provided much-needed stability as all eyes turn to potential global impacts on investor sentiment.
Rainbow Children's Medicare Q2 results: Profit rises to 84 cr
Rainbow strengthened its presence in coastal Andhra Pradesh
Bosch targets double-digit share in India's AC market within two years
European heating and cooling solutions provider Bosch Home Comfort Group, which plans to launch Bosch-branded air conditioners next year, is eyeing a double-digit market share over the next two years, said its Managing Director Sanjay Sudhakaran. The company is targeting to secure a place among the top five brands in the medium term, he added. Bosch Home Comfort Group, part of German engineering major Bosch GmbH, is accelerating its India expansion strategy through a dual-brand approach. It acquired the global residential and light-commercial air-conditioning business of Johnson Controls and Hitachi in August 2025 According to the strategy, it is positioning Hitachi in the mainstream and mass-premium segments and Bosch in the performance-premium and super-premium categories to tap different cohorts of the consumer groups, Sudhakaran told PTI in an interview. Besides, Bosch Home Comfort is strengthening its long-term commitment to India with plans to invest 80 million euros (around
ITC Q2 Results Preview: Profit seen falling nearly 30% YoY as cigarette tax hikes bite
ITC is expected to report a weak Q2, with brokerages forecasting an 8% decline in cigarette volumes and a drop of up to 29% in cigarette operating profit following tax hikes. Nuvama expects consolidated revenue to fall 3% YoY and EBITDA to decline 20%. Growth in FMCG and paper businesses could provide some cushion against the pressure.
Nifty ITs 18% rally may mark a durable leadership cycle; 35,000 next: LKP's Vatsal Bhuva
Nifty ITs 18% October rally could signal a sustained leadership cycle, supported by improving momentum, a bullish RSI crossover and capital rotation from global AI stocks. Analyst Vatsal Bhuva sees the index targeting 35,000. He remains cautious on Swiggy, bullish on Acutaas Chemicals, and recommends buying Persistent Systems and Eternal based on positive technical setups.
Creators and stand-up comics are driving India's live events boom
Creator-led formats and stand-up tours are expanding India's live entertainment market beyond music, though rising event costs and audience monetisation remain key hurdles.
IPO Calendar: Primary market cools after Jio frenzy, but 13 listings lined up
India
Sona Comstar expects annual investments to rise as business grows: MD
Auto component maker Sona BLW Precision Forgings Ltd (Sona Comstar) expects its annual investments, currently at Rs 500-600 crore, to rise as it scales up operations, with a focus on R&D, capacity expansion and new capabilities, its Managing Director and Group CEO Vivek Vikram Singh said. In an interview to PTI, Singh shared that the company will continue investing across all its three business lines, adding that it had introduced three new products during the September quarter. Annual investment is currently around Rs 500-600 crore. This should increase as we grow over the decade, he said. Singh said investments would cover multiple areas, including R&D, capacity additions, capability additions and new processes, with the company focusing on developing entirely new products. According to the company's Q2 results release, the three products commercialised during the quarter were a helical limited slip differential for EVs, air springs for railway coaches and rear radar ...
More than 40 companies have scheduled record dates for dividends, bonus issues, rights issues and stock splits during November 26, 2026. Major names include Infosys, Asian Paints, Coal India, Power Grid and Info Edge, while Sanofi India will offer the weeks highest announced dividend of Rs 75 per share.
Japanese bodybuilder Toshisuke Kanazawa, 90, travelled to Spain to compete against athletes decades younger at the IFBB World Fitness Championships. Although he did not win a podium place, he hopes to compete again at 93. He credits his fitness to a traditional Japanese diet he adopted at 50.
'Can strike Iran in 10 mins': Trump says as Mojtaba Khamenei orders unrestricted response to attacks
DeepSeek Drops Enhanced Coding Agent With Aim to Rival Anthropic
DeepSeek has released a prototype of a more autonomous coding agent as it seeks to challenge Anthropic PBCs popular Claude Code.
Ramkrishna Forgings Q2 profit at 70 crore
Naresh Jalan, MD, Ramkrishna Forgings said domestic demand remained healthy in Q2.
Suraj Estate Developers Q2 results: Profit down 30%
Consolidated net profit at 23.06 crore in Q2FY27.
Commercial LPG prices hiked by around 10 per cylinder
A cylinder in Delhi now costs 2,820
Warren Buffett hasnt had water in 50 years; billionaire investor Bill Ackman reveals | Watch video
Bill Ackman recalled that Warren Buffett declined water at a dinner, choosing Cherry Coke instead and claiming he had not had water in 48 years. Buffett is known for drinking five cans of Coke daily and has often joked about his devotion to the beverage.
Former Megaspeed top executive Alice Huangs links to Nvidia CEO Jensen Huang have come under scrutiny amid reports of suspected intelligence sharing with Beijing. Singapore has denied investigating her alleged intelligence ties.
Inside The Mind Steering Ferrari: CEO Benedetto Vigna on Innovation, India, Powertrains | The Quest
French billionaire Xavier Niel gets CCI nod for 16.2% Vodafone stake: What is the 5.1 billion deal?
The CCI has approved French billionaire Xavier Niel's 5.1 billion deal to acquire a 16.2% stake in Vodafone Group through his investment vehicle Vega SAS. The acquisition, from Emirates Telecommunications Group, will make Vega Vodafone's largest shareholder.
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.
Nearly 200 earthquakes recorded in Pacific Ring of Fire in 7 days: Should you be worried?
Seismic activity is on the rise around the Pacific Ring of Fire, prompting countries to issue emergency preparedness warnings. Within the last week, close to 200 earthquakes measuring 4.5 or greater have been reported. Authorities are advising households to gather essential supplies in anticipation of potential natural disasters. Although guidance is being updated, no direct correlation has been established between these advisories and recent seismic events.
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
Supreme Infrastructure moves closer to settling 2,200 crore debt after NCLT extends payment deadline
NCLT Mumbai extends deadline to October 31; SBI, PNB and Union Bank agree on framework for completing settlement obligations
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
CDSL Q2 profit rises 24% to 173 cr as demat accounts grow by 7.5 million
Central Depository Services (India) Ltd (CDSL) reported a 24 per cent year-on-year rise in consolidated net profit to Rs 173 crore for the July-September quarter, aided by continued growth in India's securities market participation. Consolidated total income rose 22 per cent to Rs 417 crore in the second quarter of FY27, compared with Rs 341 crore a year earlier. Sequentially, net profit jumped 47 per cent from Rs 118 crore in the June quarter, while total income increased 22 per cent from Rs 341 crore. For the first half of FY27, consolidated net profit grew 20 per cent to Rs 291 crore, while total income rose 19 per cent to Rs 758 crore. On a standalone basis, CDSL's net profit increased 28 per cent year-on-year to Rs 163 crore in Q2, while total income rose 24 per cent to Rs 359 crore. For the six months ended September, standalone profit grew 10 per cent to Rs 308 crore and income increased 14 per cent to Rs 685 crore. The depository added around 75 lakh demat accounts during t
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.
Eminent cardiologists and delegates from 20 countries come together at ECHO ASIA/ECHO INDIA 2026
Gurugram (Haryana) [India], October 31: The four-day international conference ECHO ASIA/ECHO INDIA 2026, held from October 8 to 11 at The Leela Ambience Gurugram Hotel, brought together around 1,500 delegates from 20 countries to discuss advances in cardiac imaging and the early detection of heart diseases. The conference brought together cardiologists, doctors and researchers from India and across the world, including the UK, the US, Japan, South Korea, Singapore and Australia.
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
NTPC Q2 Results: Net profit rises 14% YoY to Rs 5,320 crore; revenue up 17%
NTPC has showcased a strong performance in the second quarter of FY27, with a significant 14% increase in standalone net profit year-on-year. The operational revenue saw a notable rise of 16.8% from the same quarter last year, reflecting solid financial health. An interim dividend of Rs 3 per share was announced for shareholders. In a move to bolster growth, NTPC is also increasing its capital expenditure on pumped storage initiatives.
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,
Venture capital firm Octopus Ventures leads $38 million investment in Braid
London-based venture capital firm Octopus Ventures, along with KPN Ventures, has invested USD 38 million (around Rs 361 crore) in Netherlands-based enterprise connectivity platform Braid in a Series A funding round. KPN Ventures is the venture capital investment arm of KPN, the Netherlands' leading telecom & ICT service provider. Braid, launched in 2023, said it is profitable and cash-flow positive, with nearly 90 enterprise customers, including global fintech and travel brands. The company will use the funds to accelerate international expansion, strengthen carrier partnerships and develop its embedded mobile connectivity infrastructure. Braid operates a technology platform that allows businesses to incorporate branded mobile connectivity into their existing applications, digital products and customer services without becoming telecommunications operators themselves. We believe Braid is defining a new category in embedded connectivity and has the team, technology and ambition to
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.
Bank lending rises as corporate bond fundraising falls amid higher yields: Finance Ministry
Bank lending witnessed a significant surge during April-August FY27, contributing to financial resources for businesses. Non-food bank credit rose to Rs 9.8 lakh crore, indicating strong lending activity across major sectors. In contrast, corporate bond issuances fell sharply amid rising bond yields, highlighting a shift in funding trends. Overall bank credit growth registered an increase of 21.6 percent, supported by strong demand across various industries.
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.
AU Small Finance Bank data leak: Salesforce says no vulnerability at its end
Salesforce has stated no vulnerabilities were found concerning a suspected data leak at AU Small Finance Bank. The bank is investigating claims of a breach by hackers, affecting sensitive customer data. Reportedly compromised information includes KYC records and personal identification documents, while the bank assures its core systems are unaffected. Prime Minister Narendra Modi recently warned of increasing cyberattack threats to the economy.
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
