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Adani Wind bags 696 MW orders from five power producers, third-party book crosses 1 GW
The contracts cover three wind turbine generator platforms rated at 5.2 MW, 5 MW and 3.3 MW, with projects spread across Karnataka, Gujarat and Maharashtra
BPCL Q2 profit falls 22.5% to 4,993 cr as fuel price freeze hits earnings
State-owned Bharat Petroleum Corporation Ltd (BPCL) reported a 22.5 per cent fall in September quarter net profit as earnings from operations weakened due to a retail price freeze despite rising costs. BPCL's standalone net profit declined to Rs 4,993 crore in July-September, the second quarter of fiscal 2027, from Rs 6,443 crore a year earlier, according to a company statement. Revenue from operations rose to Rs 1.58 lakh crore from Rs 1.22 lakh crore, while Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) fell nearly 14 per cent to Rs 9,437 crore from Rs 10,968 crore. India's second largest fuel retailer earned USD 32.53 on turning every barrel of crude oil into fuels like petrol and diesel in July-September, as compared to USD 10.78 a barrel gross refining margin in the same period a year back. But these gains were wiped away by losses arising from the five month old freeze in retail price revision despite a rise in cost. BPCL also booked Rs 330 crore ...
BPCL Q2 profit falls 22% as EBITDA slips on fuel price freeze
Revenue from operations rose to 1.58 lakh crore from 1.22 lakh crore, while Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) fell nearly 14 per cent to 9,437 crore from 10,968 crore
Nasdaq-listed Amneal opens 135-crore Ahmedabad office, expands India footprint
The new facility spans approximately 3.35 lakh square feet and can accommodate around 1,200 employees
Govt of Singapores India portfolio: 10 stocks rally up to 100% in FY27 so far
In terms of stock performance, around 14 stocks in the portfolio have delivered positive returns so far in FY27, while nearly half have posted negative returns.
Kotak Mahindra Bank's Q2 consolidated net profit rises 26% to 5,645 crore
Standalone profit rose 29 per cent as NII grew 16 per cent and provisions fell, though large FCNR(B) inflows pushed net interest margin down to 4.31 per cent
KEC International bags orders worth 2,872 cr from Power Grid Corporation of India
With these wins, the year-to-date order intake has crossed 13,500 crore, including 9,500 crore from the Transmission and Distribution (T&D) business
Volkswagen has frozen India EV investments as JSW joint venture talks continue - What is next?
Volkswagen is pausing investment in an India electric-vehicle program until it has greater clarity on a potential partnership with JSW Group. The automaker has completed design work but needs a stronger business plan, local sourcing and production to make the vehicles cost-competitive.
While the Centre is considering reducing its stakes in four public sector banks to 75% to meet public-shareholding norms, it also plans to privatise at least two public lenders besides IDBI Bank. Here's a look at the rules and regulations for the process
Why Child Car Seat Safety Matters: Loopie's European Standards
New Delhi [India], October 24: Loopie brings UN ECE R44/04-certified European car seat safety to Indian families with the Loopie Lap, engineered with added side-impact protection to fit both ISOFIX and seat-belt cars on Indian roads.
Kotak Mahindra Bank has announced an impressive 26% year-on-year increase in consolidated profit after tax for the second quarter, highlighting strong financial performance. Their standalone profit after tax surged by 29% compared to last year
The Nifty 50 declined in all four sessions of the holiday-shortened week, hitting an intraweek low of 22,372 on Friday before closing 2.4% lower at 22,600. The Bank Nifty fell 2.8%, while the Nifty Midcap 100 and Nifty Smallcap 100 plunged 5.6% and 7.3%, respectively, as selling pressure intensified beyond frontline stocks.
Financing demand set to shift to emerging sectors like AI, semiconductors: Report
Indias emerging sectors are set to attract fresh bank financing over the next three to five years, with AI, semiconductors and defence leading investment opportunities, according to a Union Bank of India report. Battery storage, green hydrogen, semiconductor packaging and defence suppliers could gain funding as industries expand. However, technology obsolescence, uncertain revenues and long payback periods remain key lending risks.
South Africa is reportedly moving towards a 5,400 crore takeover of Lakshmi and Aditya Mittals steel business. Here is how the deal splits cash payments and debt, and what it means for the global steel giant.
Thiruvananthapuram (Kerala) [India], October 24: Keralam Minister for Home, Vigilance and Coir Ramesh Chennithala has urged Union Home Minister Amit Shah to strengthen interstate operational coordination against narcotics trafficking and convene a special conference of the Home Ministers of all States and Union Territories.
Bengaluru-Mumbai Vande Bharat Sleeper to launch next month: Check timings, fare, and route details
The premium Bengaluru-Mumbai Vande Bharat Sleeper is engineered to significantly reduce travel time while providing passengers with state-of-the-art amenities and superior overnight comfort.
ASML CEO Christophe Fouquet is linking executive pay to employee satisfaction after a major company shake-up, as falling staff morale raises questions about the impact of restructuring and job cuts.
U.S. FDA issues four observations to Gland Pharma formulation facility near Hyderabad
The four Form 483 observations followed an unannounced inspection on current good manufacturing practice at the facility in Dundigal between October 12 and 23
MHA seeks public opinion on proposed pan-India BB-PPDR communication network
The Ministry of Home Affairs (MHA) has invited public opinion and stakeholder inputs on the proposed network architecture for a dedicated pan-India Broadband Public Protection and Disaster Relief (BB-PPDR) communication system aimed at strengthening communication capabilities among police forces and other public safety agencies across the country.
A foreign traveller has praised India's road network, saying the country now has some of the best roads in the world after completing a journey of more than 2,500 km from Tamil Nadu towards the Himalayas. The drive took him through several states, including Karnataka, Maharashtra, Gujarat and Rajasthan, as India continues to expand its National Highway network.
Sebi orders Avadhut Sathe, academy to refund Rs 546 crore
The Securities and Exchange Board of India has directed Avadhut Sathe Trading Academy to refund 546.18 crore to investors. Avadhut Sathe and his academy provided unregistered investment advisory services under the pretext of education. The regulator found that misleading testimonials were circulated while concealing overall trading losses. A penalty of 11.5 crore was imposed on Sathe and the academy for their actions.
TCL Zhonghuan Powers India's Energy Transition with PV Innovations at REI Expo 2026
Greater Noida (Uttar Pradesh) [India], October 24: The Renewable Energy India Expo (REI) opened on October 22 at the India Expo Centre in Greater Noida. As one of South Asia's major renewable energy industry events, this year's exhibition has attracted companies and industry professionals from around the world. At Booth H16-A275, TCL Zhonghuan showcases a full lineup of high-performance solar products, including high-efficiency silicon wafers, TCL Solar PV modules, and BlueArk energy storage solutions.
Casio G-Shock GMC-2500 price, features and India availability: 5 new watches unveiled
Casio has unveiled five new G-Shock GMC-2500 watches featuring metal and resin straps, a magnetic shock-resistant minute hand and 200-metre water resistance. The watches offer a two-year battery life, an analogue display and a stopwatch, with Japanese prices ranging from 37,400 yen to 49,500 yen.
Kilitch Drugs to divest Ethiopian arm for $14 million
The divestment will enable capital reallocation towards higher-growth opportunities in India, debt repayment and expansion of core pharmaceutical business
Q2 results: IDFC First Bank, Castrol India, JK Cement, 30 more on Oct 24
Q2FY27 company results: Firms including Kotak Mahindra, AU Small Finance Bank, Kajaria Ceramics, Netweb Technologies, and Apollo Micro Systems are also to release their July-September earnings today
Ukraine is exploring satellite communications with Nokia and ICEYE after SpaceX service restrictions disrupted drone connections. The proposed systems would give Kyiv greater control over connectivity, while European telecom firms are also considering services to compete with Starlink.
A dispute with Florida supplier Vaero halted Boeing 777 freighter production for nearly two months and disrupted 767 output, including freighters and KC-46 tankers. Boeing says the disruption cost up to $6.5 million daily.
Radhakishan Damani portfolio: Top 10 stock holdings of the ace investor
Damanis other top stock holdings in terms of holding value are United Breweries, TSF Investments, Horizon Industrial Parks, Blue Dart Express and Bhagiradha Chemicals.
Amazon's cloud is nearly sold out through 2027. Can its AI spending keep up with demand?
Amazon plans $220 billion in 2026 capital spending, but CEO Andy Jassy says AI demand is outpacing AWS capacity as the company pushes its own chips.
BPCL reports 21.45% drop in Q2 FY27 net profit, attributes losses to fuel pricing issues
Bharat Petroleum Corporation Limited (BPCL) has reported a 21.45% decline in consolidated net profit for Q2 FY27. The decline is attributed to losses from the sale of petrol, diesel, and LPG, which affected marketing margins. Consolidated revenue from operations increased by 29.7% compared to the previous fiscal year. As of September 30, 2026, BPCL's cumulative under recoveries on LPG reached 17,334.40 crore.
DRL says cap on trade margins a positive, posts 36% dip in Q2 PAT
In the second quarter of FY2027, Dr. Reddy's Labs experienced a downturn in both revenue and profit. However, the company supports new trade margin regulations that aim to improve access to vital medicines. With a commitment to boosting its core business performance, management is also dedicated to exploring growth avenues.
Adani Power profit surges 142% on strong demand amid weak rains
Adani Power has reported a 142% increase in net profit for the July-September quarter. This profit was driven by strong electricity demand and exceptional prior-period income. Operating revenue for the company saw a nearly 30% increase compared to the previous year. The company also recognized significant revenue due to adjustments in historic energy charges under its power purchase agreements.
JSW Steel posts three-fold jump in profit, lines up capacity expansion
JSW Steel achieved an impressive three-fold rise in its consolidated net profit for the September quarter, highlighted by a record-breaking 13% increase in sales volumes compared to last year. The company has received approval for ambitious expansion projects, aiming to add 5 million tonnes at the Utkal site in Odisha.
Indians remit $2.7 billion overseas in August, led by travel
Outward remittances under the Liberalised Remittance Scheme (LRS) stood at $2.7 billion, with travel accounting for the largest chunk. Indians spent $1.6 billion on travel in August, from $1.7 billion in July, while $275 million were spent on maintenan-ce of relatives. Indian citizen spent $321 million on investments in equity and debt, while $191 million on studies abroad.
India's net FDI inflows falls to $3 billion in August
Gross foreign direct investment (FDI) to India decreased to $11 billion in August, from $14 billion a month ago. Net FDI to India slows $3 billion in August, from $7 billion in July. Financial services, communication services, computer services and manufacturing accounted for around 73% of total FDI equity inflows during April-August 2026.
Swiggy falls 16% to new low, Qcomm losses spook street
Shares of Swiggy fell by 16.4% to 176.70, marking a record low for the company. This decline raises concerns over cash burn and achieving profitability in its quick-commerce business. Analysts are questioning Swiggy's strategic choices and execution following its market debut. The widening losses in the quick-commerce segment have drawn attention to the company's overall performance.
Elon Musk has committed $366 million to the 2026 US midterms, backing Republicans across key races. Explore where his money is going and what a Republican win could mean for SpaceX, Tesla and his wider business empire.
BSE begins hunt for MD & CEO successor ahead of 2027 exit
BSE has initiated the search for its next managing director and chief executive officer. Sundararaman Ramamurthy is scheduled to retire in June 2027 after reaching the age limit. The exchange is looking for candidates with at least 20 years of experience, which includes senior leadership roles. Applicants need to be under 62 years old as of July 1, 2027.
Volvo layoff: Carmaker to cut 2,500 jobs globally as Q3 loss widens, to affect about 6% of workforce
Volvo Cars announced it would cut about 2,500 jobs worldwide, 2,000 of which are in Sweden, saying it was facing a very tough environment, including US tariffs and hypercompetition from local brands in China.
Infosys guidance shock may hit stock despite numbers bounce
Infosys released its quarterly results, showing good revenue growth and stable operating margins. However, the management reduced the annual revenue guidance due to competitive pressures. The company secured a significant $2 billion deal, boosting its total contract value to $5.2 billion. Despite positive performance from some sectors, weaknesses in others contributed to the cautious outlook. The market response led to a rise in the stock price, affecting valuation metrics.
SpaceXs efforts to finalize a $40 billion off-balance-sheet debt structure for its artificial intelligence buildout have been roiled by recent market turmoil thats driven up sector-wide borrowing costs and complicated price talks.
Friday blockbuster for Jio IPO: Rs 7.4 lakh crore bids, 22x subscription
Jio Platforms has experienced a surge in demand for its initial public offering, garnering roughly
Small and midcap indices post worst weekly decline in two years
Mid-cap and small-cap stocks in India have faced major declines, indicating a shift in market sentiment. The Nifty MidCap 150 and Small-cap 250 indices reported their worst weekly falls in two years. Domestic retail investors initially supported these segments by increasing mutual fund contributions. However, concerns over rising oil prices and fiscal deficits are adding to market uncertainties.
Wheat cultivation depends heavily on assured irrigation, and farmers are less vulnerable to variations in rainfall.
'We may do another Epic Fury': Trump warns Iran of potential strike if deal not reached
Donald Trump issued a military warning to Iran during a campaign rally, suggesting possible future strikes. He highlighted the importance of diplomatic negotiations, implying that Iran's leadership may not be sufficiently strategic. Trump discussed the US Navy's presence in the Caribbean and noted Senator Marco Rubio's role in diplomacy. Additionally, he announced a federal investment of $250 million to hire new nurses for elder care facilities.
US Intel warns of threats to American diplomats in West Asia: Report
A recent intelligence report indicates that Iran is intensifying its attacks on American diplomats in the Middle East. The U.S. Department of State has ordered the departure of non-emergency personnel in Saudi Arabia. Security concerns have risen due to Iranian-backed Houthi forces targeting civilian infrastructure in the region. Additionally, President Donald Trump has warned Iran of potential military action if negotiations do not succeed.
Nuclear power could more than triple by 2060, UN agency says
Rafael Grossi from the IAEA forecasts that nuclear power usage may more than triple by 2060. This increase will be driven by rising demands for electricity, especially from data centers powered by artificial intelligence. Grossi emphasized the importance of nuclear energy for energy security and its safety compared to other options. He also highlighted concerns regarding nuclear programs in Iran and North Korea, urging diplomatic efforts.
First tanker of Russian diesel sets sail for the US in Trump's controversial deal with Putin
A tanker transporting Russian diesel to the United States has departed, signaling a new import agreement. This deal has raised concerns in Ukraine due to Russia's ongoing invasion. U.S. political figures criticized the agreement as it contravenes existing American laws and may benefit Moscow. Ukrainian President Volodymyr Zelenskyy expressed disappointment over the decision and its potential impacts.
Trump's diesel price relief efforts grow costlier as election nears
With the midterm elections approaching, President Trump is implementing various strategies to combat high diesel prices. These measures include financial aid for farmers and adjustments to regulations for truckers. However, criticisms arise regarding the effectiveness of these solutions and their geopolitical implications. Many voters attribute rising costs to Trump's policies, posing a challenge for Republican candidates. Ultimately, the pressure to lower diesel prices remains as the elections draw near.
Beyond the stipend: how firms are competing for MBA interns
Companies are turning internships into the primary way of hiring management students, offering tuition waivers, scholarships, housing, live projects and leadership access.
Government weighs 40,000-crore plan to modernise textile clusters over five years
The proposed Textile Expansion and Employment (TEEM) Scheme is part of a broader push to boost textile and garment manufacturing and exports, and capitalise on key free trade agreements signed by India in recent years, including those with the UK and the European Union.
Trinidad and Tobago in talks with ONGC Videsh, Oil India to refine Venezuelan crude
The Caribbean government has proposed that the two Indian oil companies process crude from neighbouring Venezuela at the Guaracara refinery in Pointe--Pierre, which forms part of the former Petrotrin complex and is currently under renovation.
Hunter Biden Laptop case: The case was filed less than two weeks before the November 3 elections via criminal complaint, which means prosecutors have not yet presented the allegations to a grand jury for an indictment.
Uttar Pradesh: Congress seeks over 175 Seats from Samajwadi Party
Congress has approached Samajwadi Party regarding contesting a significant number of seats in Uttar Pradesh. While Congress has proposed 175 to 200 seats, Samajwadi Party considers this demand excessive for the party's strength. Currently, Congress holds only two seats in the UP assembly of 403 members. The leadership of both parties will meet for discussions on seat-sharing arrangements.
With the feedback window closing on October 25, the coming days will show how far IRDAI is willing to adjust commission levels, disclosure rules, and clawback provisions to address LIC agents livelihood concerns.
Tata Sons AGM deadline nears as Tata Trusts deadlock clouds voting
Tata Sons is currently observing the situation involving its majority owners, Tata Trusts, regarding governance issues. The annual general meeting (AGM) deadlines are approaching and require shareholder majority for resolutions. Important changes in trustee roles could affect voting dynamics significantly. Legal experts suggest focusing on regulatory clarity to facilitate successful AGM execution. Clear representation and consensus among the trusts are critical for passing necessary resolutions.
Tata Motors CV posts Rs 2,138 crore Q2 profit
Tata Motors Ltd achieved a standalone net profit of 2,138 crore for the September quarter, reversing last year's loss. Revenue from operations rose significantly to 23,930 crore, up 42% from the previous year. Improved demand was driven by higher fleet utilization and industrial activity, according to managing director Girish Wagh. Consolidated profit also increased to 1,257 crore, aided by a drop in mark-to-market losses.
Coforge Q2 results: Net profit surges 56.5% to 588 cr, revenue up 53.6%
Coforge posted a 56.5 per cent increase in consolidated profit to Rs 588 crore in the second quarter ended September 30, 2026, driven by AI-led execution of deals, the company said on Friday. The IT firm had posted a net profit of Rs 375.8 crore in the same period a year ago. Right now the margin uptake that we are seeing is in the existing fixed price projects where AI is getting infused, Coforge Chief Executive Officer and Executive Director, Sudhir Singh, said during the company's earnings call. Coforge signed 8 large deals the highest number signed in a single quarter across North America, Europe and Australia, which led to a total contract value of the new orders of USD 1.04 billion during the reported quarter. The company increased the operational profit margin guidance to 17 per cent for the next year from the range of 15.5 per cent to 16 per cent. Revenue from operations during the reported quarter increased by 53.6 per cent to Rs 6,171 crore from Rs 4,016 crore a year
Bank of India expects NIM to rise to 2.55% in H2 FY27 after RBI rate hike
Bank of India expects margins to improve in H2 FY27 as faster loan repricing offsets slower deposit-cost increases, while strong FCNR(B) inflows boost liquidity but weigh on near-term NIMs.
Apple India revenue grows 32% to cross 1 trillion mark in FY26: Tofler
iPhone maker Apple's India revenue grew by over 32 per cent to Rs 1,04,607 crore in FY26, according to the document shared by market intelligence firm Tofler. The company recorded revenue of Rs 79,060.5 crore in FY25. Apple India Private Limited provides and markets Apple brand products and software, and reported its revenues for the financial year 2025-26 at Rs 1,04,607 crore, a 32 per cent jump since the last financial year, Tofler said. Apple India net profit grew by 66 per cent to Rs 5,311 crore in the same fiscal. The company's total expenses for the fiscal were reported at Rs 96,224 crore, Tofler said.
Tata Sons listing row: What Parsi, Zoroastrian groups want PM Modi to protect
The community organisations' letter adds another dimension to the debate, framing the issue as one involving not only corporate governance and regulatory requirements but also the Tata Group's institutional identity and philanthropic commitments.
Godrej Properties plans 32,000 crore project launches in H2 FY27: CEO
Godrej Properties has lined up project launches worth over 32,000 crore for H2 FY27, even as its Q2 net profit fell 62% YoY to 154 crore, while cash collections rose 31%
American Express plans to cut about 3,500 jobs, roughly 5% of its global workforce, as it seeks to streamline operations and improve efficiency. The announcement came alongside stronger third-quarter results and an upgraded 2026 earnings forecast.
Trump admin seeks to block Alaska Senate result if Republicans lose
The US Justice Department is seeking to invalidate Alaska's Senate election results if the Republican incumbent loses next month, in a rare legal move that raises questions about the Trump administration's willingness to accept defeat in the midterms. Democrats have accused the Trump administration of seeking to influence the November vote by expanding federal control over state-run elections and by repeatedly questioning the integrity of election results.
Jio Platforms IPO rides institutional demand to 22.19 times subscription
QIBs bid 70.6 times the quota reserved for them; retail segment bought 2.7x
Bajaj General Insurance appoints former Manappuram head Deepak Reddy as CEO-designate
Bajaj General Insurance has named Deepak Reddy, former CEO of Manappuram Finance, as CEO-designate from 1 January 2027, subject to regulatory approval.
In Trappes and La Verriere, a Paris suburban area, a gunman opened fire, killing one person and injuring several others. Authorities suspect the attack to be racially motivated, leading them to classify it as a terrorist crime. A twelve-year-old girl was among the seriously injured, reflecting the attack's random targeting of passersby. The suspect was arrested shortly after the shootings, which happened in under fifteen minutes.
Coforge net profit rises 56.5% as record deal wins boost growth
September-quarter revenue climbs 53.6% to 6,171 crore; fresh order intake doubles year-on-year to $1.04 billion as company raises FY27 EBIT margin guidance to 16%
Government to modify labour survey to capture gig economy, unpaid household workers
Periodic Labour Force Survey will include additional questions to measure labour underutilisation
Shree Cement profit slips as fuel, power bill climbs
Before Shree Cement, UltraTech also saw fuel and freight costs eat into its profitability; however, the market leader was able to manage the cost burden better due to its higher scale and better negotiation power.
BPCL Q2 net profit falls 21.5% to 4,863 crore on weak marketing margins
BPCL's Q2 FY27 net profit fell 21.5% YoY to 4,863 crore as weak marketing margins weighed on earnings, even as revenue rose 30% and refinery throughput increased 6%
RBI Bulletin: Indias strength faces fresh test as US-Iran war fuels inflation
RBI says Indias economy remains resilient, supported by strong domestic demand and rising exports, despite growing geopolitical tensions in West Asia.
UTI AMC net up 17% to 132 crore
Income was down marginally at 415 crore (419 crore)
Bank of India Q2 profit rises 25% to 3,202 cr on strong NII, recoveries
Bank of India's net profit rose 25.3% to 3,202 crore in Q2 FY27, supported by higher net interest income and recoveries from written-off accounts despite rising provisions
JSW Steel profit more than triples on strong demand, beats Street estimates
Higher realisations and strong domestic demand drove a surge in September-quarter earnings, as the steelmaker cleared 16,150 crore in fresh capex to support its long-term growth targets.
The case centres on how the companies import bulk Scotch concentrates from Britain and blend them in India to produce popular local brands such as Royal Stag, Blenders Pride and McDowells.
Infosys caps dull second quarter for Indian IT
The management of Infosys pointed to the challenging macroeconomic environment, hinting at rising competition and increasing client demand to save costs using artificial intelligence.
JK Tyre Q2 net profit declines by 71% y-o-y to 65 crore due to geopolitical tensions
EBITDA) margin contracted sharply to 7.1 per cent from 13.3 per cent
What is EU investigating Booking.com for? Fake hotel listings, phishing scams and more | Explained
The European Commission will examine how Booking.com labels paid listings. Regulators want to establish whether the platform clearly informs users when accommodation providers pay to have their properties appear higher in search results.
Shriram Finance reported a 59.4% year-on-year rise in Q2 FY27 standalone profit to Rs 3,677 crore, driven by higher net interest income and lower funding costs. Assets under management grew 17%, while the board declared an interim dividend of Rs 6.50 per share.
Shree Cement profit falls 15% YoY to Rs 263 crore on higher fuel costs
Shree Cements September-quarter net profit fell over 15% year-on-year to Rs 263 crore for the third consecutive quarterly decline. Revenue rose 24% and sales volumes increased 14%, but soaring fuel costs pressured profitability despite stronger premium product sales.
Groww rolls out US stock investing to all customers, offers access to 10,000 stocks and ETFs
The expansion comes as Indian retail investors gain access to international markets through digital investment platforms
Jana Small Finance Bank Q2 profit jumps 127%, raises FY27 growth outlook
Jana Small Finance Bank reported a 127% year-on-year rise in Q2 profit to Rs 170 crore, supported by business growth, higher margins and improved gross asset quality. The bank raised its annual profit growth guidance to 100%, while loans and deposits expanded.
The DIPAM secretary's assurance comes as IDBI Bank employees oppose the governments divestment plan and have called for a strike across the lenders branches in early November. The United Forum of Bank Unions has also extended support to the proposed strike.
BPCL Q2 net profit falls almost 22% to 4,863 crore
Higher refining margins offset by marketing losses on petrol, diesel and LPG; under-recoveries rise to 17,334 crore
Swiggys Instamart faces 3x scale gap with Blinkit as losses hit 895 crore
Swiggys quick-commerce NOV rises 34.8% y-o-y to 6,594 crore; network and economics lag Eternals Blinkit
RBI alert about AI-driven cyber risks, banks taking steps to plug vulnerabilities: Governor
RBI Governor Sanjay Malhotra highlighted concerns regarding emerging cyber threats from artificial intelligence in banking systems. Measures are being implemented by banks and the RBI to secure IT infrastructure against these risks. The State Bank of India acknowledged potential data exposure, prompting increased vigilance for customer protection. Malhotra expressed confidence in India's robust forex reserves and external sector resilience amid these challenges.
Jindal Steel Q2 profit rises 21% as revenue hits record Rs 19,448 crore
Jindal Steels Q2 FY26 profit rose 21% year-on-year to Rs 771 crore, while revenue surged 44% to a record Rs 19,448 crore. Higher steel production and sales boosted earnings, while adjusted EBITDA grew 33% and net debt declined sequentially.
BPCL Q2 Results: Net profit declines 21% YoY to Rs 4,863 crore, revenue grows 29%
BPCL reported a 21.45% year-on-year decline in Q2 FY27 profit to Rs 4,863.05 crore, despite 29.78% revenue growth. Sequential performance rebounded sharply from a quarterly loss, while the company approved a subsidiary for its proposed Andhra Pradesh refinery.
For accelerating offshore oil and gas exploration, the government will partially underwrite drilling risks while operators retain majority capital exposure and full operational responsibility
