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Spandana Sphoorty returns to profit at Rs 18 crore in Q2FY27
Spandana Sphoorty Financial reported consolidated Q2 profit of Rs 18 crore, reversing a Rs 249 crore year-ago loss. Assets under management grew 31% to Rs 5,364 crore, while improving asset quality reduced gross and net NPAs.
IOC Q2 profit soars 184% on higher refining margins
Indian Oils gross refining margins, after subtracting for special additional excise duty (SAED), during the reported quarter stood at $18.52 per barrel.
Bank of Baroda Q2 profit jumps 36% to Rs 6,532 crore on NSE stake sale
Bank of Baroda reported 36% year-on-year profit growth to Rs 6,532 crore in Q2FY27, boosted by NSE stake sale gains and higher interest income. The lender raised annual credit and deposit growth guidance amid strong loan demand.
Tata Sons infuses 1,100 crore in Tata Electronics
The fund infusion comes amid ongoing dispute between Tata Trusts and Tata Sons on issues of listing Tata Sons shares and a third term for Tata Sons chairman N Chandrasekaran
Reliance Retail profit falls 24% in Q2; FMCG revenue rises 60%
Reliance Retail Ventures Ltd (RRVL) reported a 24.3 per cent year-on-year decline in consolidated profit after tax, including its share of associates and joint ventures, to 2,611 crore in JulySeptember 2026 from 3,451 crore a year earlier, as digital-commerce investments, input-cost inflation and higher finance costs weighed on earnings.
Reliance Industries Q2 profit jumps 34% to record 29,550 crore on strong O2C, Jio growth
Strong refining margins and expanding digital services lifted earnings, while subdued retail performance partly offset gains across the conglomerates businesses.
GAIL profit more than doubles on strong gas marketing performance
Profit before taxes of their natural gas marketing business rose more than two-and-half times during the quarter.
Tata Motors completes Iveco takeover with 89.42% stake, buyout continues
A fresh tender window for minority shareholders will open on November 2, while Tata Sons Chairman N Chandrasekaran has been appointed Iveco's chairperson following the takeover
Reliance's refining business powers quarterly earnings beat as profit rises 40%
Indias most valuable company reported a profit of 25,548 crore, up 40% from the year-earlier period and nearly a fifth above market expectations.
Lodha Developers Q2 PAT rises 28%, expects to exceed FY27 profit guidance
The company's revenue from operations also increased by 17.6 per cent in Q2FY27 to Rs 4,468 crore, compared with Rs 3,798 crore in the corresponding quarter last year
RIL Q2 profit jumps 41% to 25,548 crore on O2C, Jio strength
The O2C business emerged as a key growth driver, with revenue surging 44.2% YoY, reflecting a sharp rise in crude and product price.
Reliance Retail Q2 profit falls 24.5%, revenue up 6.4%
Revenue from operations of Reliance Retail Venture Ltd (RRVL) increased 5.78 per cent to 80,220 crore in the September quarter of FY27. It was 75,836 crore in the corresponding period of the last fiscal year.
The proposed merger is expected to bring complementary capabilities across speciality carbon black, R&D, manufacturing, and finished tyre production
Raymond Lifestyle seeing positive consumer sentiment on the back of premimuisation trends: CEO
Satyaki Ghosh says despite inflationary pressures, urban demand has been strong in the apparel segment
Reliance Retail Q2 profit falls 24.3%, revenue rises 5.8% to 80,220 cr
Reliance Consumer Products' gross revenue grew 1.6 times to Rs 8,266 crore in Q2FY27, while Reliance Retail's finance costs rose 53.9 per cent to Rs 905 crore during the quarter
Q2 Results Today, 30th October 2026 Highlights: businessline brings to you latest Q2 announcements, earnings updates and more.
Sagar Cements posts 51 cr net loss in Q2
The total revenueof the Hyderabad-based companyincreased by 17 per cent at Rs 707crore in the quarter under review compared to Rs 606 crore in the year-ago period
Binance is investigating a reported $6.3 billion crypto theft, potentially the biggest financial heist, with early findings pointing to North Korea-linked hackers. The exchange has frozen withdrawals, is tracing stolen assets and says customer funds are safe.
Three letters set the tone for Tata Sons board meeting on November 26
After truce meeting with Chandrasekaran, Noel wants Tata Sons restructuring and Shapoorji Pallonji fundraising on the board agenda
RPG LS does not see material impact from the trade margin caps, says MD
RPG LS revenue from operations grew 16.5 percent to 211.6 crore, for the quarter ended September 30, 2026
Reliance Retail Q2 Results: The company's gross revenue increased 6.4% YoY to Rs 91,716 crore in Q2FY27, compared with Rs 86,169 crore in the year-ago period. The growth came despite the absence of major festive occasions during the quarter, with the festive calendar shifting to the December quarter.
Flipkart kickback probe raises questions over internal controls, vendor oversight
The investigation, still ongoing, centres on allegedly facilitative practices within Flipkarts B2B channels, possibly tilting product visibility in favour of certain sellers
How should law respond to deepfakes?: Justice Surya Kant flags AI-era legal challenges
Data Security Council unveils AI liability guide for Indian enterprises
The DSCI guide outlines how liability should be allocated across enterprises, AI developers and service providers, highlighting governance risks in autonomous AI systems
'Sanctuary politicians supporting gangbangers': Mullin drops fierce warning, defends ICE crackdown
'Pedophiles, big corporations, billionaires': Brown attacks Trump-backed Ohio Senate rival Husted
Bengaluru recorded 11.5% annual growth in prime office rents in Q3 2026, matching Tokyo, while Mumbai saw a 33% jump in leasing transactions, with year-to-date volumes already exceeding its full-year 2025 total, according to Knight Frank.
Pope Leo XIV has become the first pope in history to vote in a US general election
The Vatican confirmed Friday that the Chicago-born pontiff had submitted a mail-in ballot in Chicago ahead of the Nov. 3 midterm elections, citing his long-standing belief in civic participation.
RIL Q2 results: Net profit jumps 40.6% to 25,548 crore, beats estimates
RIL Q2 results: Net profit jumps 40.6% to 25,548 crore, beats estimates
Sammaan Capital promoter raises stake to 33.32% after warrant conversion
Avenir Investment converted 8.69 crore warrants into equity shares for about Rs 906 crore, raising its stake in Sammaan Capital from 28.34 per cent to 33.32 per cent
AugurAI Raises 2 Crore from Campus Angels Network to Scale AI-Powered Precision Optics Solutions
Tiruchirappalli (Tamil Nadu) [India], October 30: AugurAI Private Limited, a deep-tech company building Precision Optics and AI-powered Visual Inspection Systems for industrial manufacturing, has raised 2 crore from Campus Angels Network (CAN). The entire round was funded by CAN investors.
Aditya Birla Capital Q2 net profit rises 38% to 1,288 cr on loan growth
Aditya Birla Capital's Q2FY27 profit rose 38 per cent to 1,288 crore, driven by strong lending growth, with its NBFC and housing finance arms reporting higher earnings
GAIL Gas IPO in FY28; parent to offload 25% stake
The proposed IPO will provide GAIL Gas with a stock market listing while allowing its parent to unlock value through a partial stake sale.
Skyroot Aerospace eyes commercial rocket launches from early 2027
Following Vikram-1's maiden orbital launch in July, Skyroot plans to begin commercial operations in early 2027 and scale up to one rocket launch a month by the end of next year
Japanese major Omron targets 3 million BP machine capacity for new Chennai plant
The expansion comes at a time when the medical devices market in India has grown rapidly driven by increasing health awareness and domestic policy push
Odisha cancels 28.8 acres of land allotted to Vedanta over non-utilisation
Idco terminates the 2013 land allotment after an inspection finds the site vacant. Vedanta had proposed using the land for future expansion and healthcare facilities
Intellect Design Arena net profit flat in Q2, shares tank 17%
Revenue from operations stood at 847 crore (758 crore)
World's top 50 marathons generated $6 bn economic impact in 2025: Report
TCS-partnered marathons accounted for 53 per cent of the $6 billion economic impact and 73 per cent of charitable fundraising by the world's top 50 marathons in 2025
Jio Platforms Q2FY27 profit rises 14% in first post-listing results
Jio Platforms posted 40,475 crore in revenue and 8,389 crore in net profit in its first results after listing, as subscriber additions and digital services supported growth.
Jio Platforms' Q2 profit up 13.7% in first results since blockbuster debut
Jio Platforms reported a 13.7% rise in Q2FY27 net profit to 8,389 crore, marking its first quarterly results since the telecom and digital major's record $3.2 billion stock market debut.
Jio Platforms Q2 Results: Profit rises 14% YoY to Rs 8,389 crore; revenue up 11%
Jio Q2 Results: Jios profit growth was supported by healthy subscriber additions, expansion in its digital services business and a marginal rise in average revenue per user (ARPU).
A data leak reportedly exposing personal and job details of more than 40,000 Department of Homeland Security employees is under investigation. Distributed Denial of Secrets says the data came through Okta, but Okta says it has found no evidence its systems or data were compromised.
PSU banks cut fresh deposit rates more sharply than private lenders in September: RBI data
In September, public sector banks cut their interest rates on fresh term deposits by 10 basis points. Private sector banks only reduced their rates by six basis points during the same period. Fresh rupee loan rates declined by six basis points at public sector banks while private banks maintained their rates. The weighted average lending rate for fresh loans fell to 8.51% from 8.61% in August.
Trai proposes mandatory AI policies, incident reporting for telcos
Trais draft AI governance guidelines seek board-approved AI policies, risk-based classification, human oversight and mandatory reporting of serious AI-related incidents, while holding telecom operators accountable for outcomes even when systems are sourced from third-party vendors.
Indian Oils Q2 FY27 profit surges to 22,503 crore
IOCLs consolidated total income stood at around 2.69 lakh crore in Q2 FY27, compared to 2.82 lakh crore in Q1 FY27 and 2.07 lakh crore in Q2 FY26
Varun Beverages net profit grows 13.5% on strong volume growth
Revenue rises 33% to 6,607.5 crore; company approves interim dividend of 25% per share
Zee Entertainment Enterprises quarterly profit fell 38% as FIFA World Cup-related costs offset gains
Zee Entertainments quarterly profit fell 38% to 478 million rupees as FIFA World Cup broadcasting, expanded programming and other investments lifted expenses. Subscription revenue rose 30%, but flat advertising revenue and higher costs reduced core margins.
NTPC Green Energy Q2 Results: Profit jumps 56% YoY to Rs 137 crore, revenue rises 53%
NTPC Green Energy reported a 56.2% year-on-year rise in Q2FY27 net profit to Rs 137.5 crore, driven by 53.2% revenue growth. EBITDA margins improved, while new solar capacity boosted its operational renewable energy portfolio.
GAIL (India) to list city gas distribution arm; profit surges to 4,724 cr in Q2 FY27
GAIL said the quarter reflected resilience in transmission and natural gas marketing performance
Smartworks raises FY27 revenue growth guidance to 33-35% on strong demand
Smartworks expects 90-100 crore in incremental revenue after raising its FY27 growth guidance, backed by strong enterprise demand and over 540 crore in new rental contracts
Zee Ent's consolidated net profit down 37.5% in Q2 on lower margins
Zee Entertainment reported a 37.5 per cent fall in Q2FY27 net profit to 47.8 crore as margins narrowed, even as revenue rose 13 per cent on growth in its digital business.
Google parent Alphabets shares plunge 12.6% as investors question returns from AI spending
Company reports 25% revenue growth, but quarterly infrastructure spending crosses $51 billion; lower advertising revenue from AI-powered Search queries adds to concerns
Localized menus, entry-price items set stage for Tata Starbucks expansion
Tata Starbucks is preparing to speed up expansion in India after slowing store openings to refine its strategy.
Miele eyes 22% growth, doubles India dealer network as premiumisation picks up
Miele estimates that Indias premium appliance market could grow into a 2,500-crore category over the next five years.
Bank of Barodas FCNR(B) deposits surge nearly sixfold to Rs 1.03 lakh crore
Bank of Baroda's FCNR-B deposits rose to 1.03 lakh crore as of September 2026, reflecting substantial growth. The overall global deposits of the bank increased 16.4% year-on-year to reach 17.45 lakh crore. Domestic deposits also saw a marked increase of 16.6%, driven by term deposits growing 20.5%. Additionally, the bank reported a 35.8% rise in standalone net profit for the second quarter of FY27.
Bank credit growth outpaces deposits at 17.94%
Bank credit expanded 17.94 per cent year-on-year to reach Rs 232.54 lakh crore for the period ending October 15, exceeding the 16.6 per cent deposit growth rate, according to Reserve Bank of India (RBI) figures released Friday.Data reveals bank deposits rose to Rs 284.37 lakh crore by October 15, 2026, up from Rs 243.88 lakh crore on October 17, 2025marking a 16.60 per cent annual increase.Reserve Bank of India (RBI) records indicate bank credit climbed to Rs 232.54 lakh crore as of October 15, 2026, compared to 197.17 lakh crore on October 17, 2025, recording a 17.94 per cent rise.Also read: Banks must go beyond lending to unlock Bengal's industrial potential: NITI Aayog's Ashok LahiriThis accelerated credit growth was driven by buoyant banking system liquidity during early October alongside India's festive season demand. The sector experienced strong liquidity inflows following substantial deposits collected through banks under the RBI's concessional FCNR (B) scheme.RBI data shows banking system liquidity surplus hovered between Rs 2 lakh crore and Rs 4.5 lakh crore throughout the October 115 period.During August and September, system liquidity expanded noticeably following initiatives aimed at encouraging foreign capital inflows. Based on net positions under the LAF, daily liquidity surplus averaged Rs 5.9 lakh crore after the August 2026 MPC session.Average daily net absorption under the LAF surged from Rs 1.2 lakh crore in July 2026 to Rs 5.8 lakh crore in August, climbing further to Rs 7.8 lakh crore in September.Additionally, commercial bank holdings in central and state government securities expanded 9.64 per cent year-on-year to Rs 77.32 lakh crore as of October 15, 2026, compared to Rs 70.53 lakh crore on October 17, 2025.Central government securities comprised the dominant share of these holdings, rising to Rs 77.12 lakh crore by October 15, 2026, up from Rs 70.42 lakh crore in the prior year, RBI data confirmed.
In Lakeville, Indiana, a fascinating project incorporated shredded car tires into highway embankments, proving beneficial for waste management while ensuring road integrity. Over the course of a year-long study, officials noted negligible subsidence and no major heating issues. However, prevailing regulations and contractor biases remain significant barriers to the broad application of this innovative recycling technique in construction, highlighting the ongoing struggle to adopt eco-friendly practices within infrastructure.
Indian SMEs show strong demand for real-time and flexible digital payments
The survey also points to demand for flexible digital payment options, stronger cybersecurity and AI-powered fraud protection among businesses
CAMS Q2 Results: Net profit rises 14.4% to 131.5 crore growth
EBITDA margin expanded by 140 basis points YoY to 46% driven by operating leverage and disciplined cost management
Several Indian states are predicted to experience heavy rainfall and thunderstorms on October 31. Areas including Arunachal Pradesh, Coastal Andhra Pradesh, and Kerala may face significant rainfall. Additionally, thunderstorms with gusty winds are likely in Tamil Nadu, Puducherry, and Karnataka. Delhi will have partly cloudy skies with no expected rainfall on the same day. The India Meteorological Department has issued various advisories for these regions.
BoB reports highest-ever quarterly profit of 6,532 crore in Q2FY27
Bank of Baroda's net profit rose 36 per cent YoY to a record 6,532 crore in Q2FY27, aided by higher treasury income, while advances grew 18.3 per cent and asset quality improved
As part of its strategy to strengthen its presence in the luxury housing segment, the company has launched M3M Black Circle, an exclusive, invitation-only privilege platform aimed at extending the luxury homeownership experience beyond residential properties
Capgeminis operations business outpaces core IT for third straight quarter
Operations & Engineering grew 26.9% in the September quarter, against 3.5% growth in Applications & Technology; acquisitions and demand for AI-led business transformation support performance
Indian Oil Q2 profit nearly triples to 21,630 cr on LPG compensation
Indian Oil's Q2 profit nearly tripled to 21,630 crore, aided by 7,243 crore in government compensation for LPG losses, even as higher crude prices pushed up expenses.
India has ingredients for sustained growth in quant investing: WorldQuant
WorldQuant's Nitish Maini says India's deep technical talent pool and strong technology infrastructure offer a foundation for sustained growth in quantitative investing
Bengaluru (Karnataka) [India], October 30: When a child develops a high fever in the middle of the night, has difficulty breathing or experiences a sudden seizure, parents are often faced with a critical question: Is this serious, and where should I go for help? In such moments, uncertainty can delay medical attention when every minute matters.
Its going to get wrapped up soon: Trump on Iran war, says therell never be a nuclear weapon
US President Donald Trump, speaking ahead of November 3 midterm congressional elections, said on Friday he believed the war with Iran will end soon, but did not say how that would happen.
Centre to launch biggest-ever digital life certificate campaign across 2,000 cities from November 1
A nationwide Digital Life Certificate campaign is scheduled to begin across 2,000 locations in India. This campaign aims to simplify the process of submitting life certificates for pensioners by adopting digital methods. The initiative will use face authentication technology to facilitate easy access for elderly pensioners. Various government departments and organizations will work together to ensure effective outreach.
Bank of Baroda Q2 Results: Standalone profit jumps 36% YoY to Rs 6,532 crore; NII up 9
Bank of Baroda reported a 35.8% year-on-year rise in standalone net profit to Rs 6,532 crore in Q2FY27. Net interest income grew 9% to Rs 13,026 crore, while asset quality improved, with the gross NPA ratio declining to 1.78%. Global advances and deposits also recorded double-digit growth.
Government data shows that Indias oil sourcing remains highly concentrated, with just Russia and the UAE accounting for 60% of oil imports
Coforge among 6 stocks hitting 52-week highs; rally up to 20% in a month
Six BSE 200 stocks, including Coforge, Indian Hotels and Kotak Mahindra Bank, hit fresh 52-week highs as the Sensex rallied, with monthly gains reaching 17%.
Netplus Broadband Names Ammy Virk and Tania as Brand Ambassadors
Ludhiana (Punjab) [India], October 30: Netplus Broadband has announced the association of popular Punjabi singer and actor Ammy Virk and actor Tania as its brand ambassadors. The partnership brings two of Punjabi entertainment's most recognised names to the brand at a time when reliable home connectivity is central to how families watch, learn, work and stay in touch.
8 midcap stocks with over 100% profit growth in Q2FY27
Eight NSE midcap stocks recorded over 100% year-on-year profit growth in Q2FY27, led by Max Financial Services, One97 Communications and Poonawalla Fincorp, according to StockEdge data.
From debt to equity to IPO: How founders can fund their next stage of growth
As businesses expand, founders face important choices about how to finance their next stage of growth. From debt and equity funding to private investment and public listings, each route comes with different costs, expectations and implications for ownership. The Economic Times Founders Growth Retreat 2026 will bring these considerations into focus.
Aditya Birla Capital Q2 profit rises 38% to Rs 1,288-cr
Aditya Birla Capital reported an impressive 38% profit increase for the September quarter of FY27, with profit after tax soaring to Rs 1,288 crore, up from Rs 933.52 crore year-over-year. Operational revenues also climbed significantly, reaching Rs 14,003 crore. Lending assets under management witnessed a robust 32% growth to Rs 2.34 lakh crore, while shares gained 1.75% on the Bombay Stock Exchange.
The Nifty 50 rose 0.51% to close at 23,053.10 on Friday, while the Sensex gained 308 points to 74,459.53. Trent and InterGlobe led the gainers, while Shriram Finance and Nestle India topped the Nifty losers. Broader markets remained weak, with midcap and smallcap indices falling up to 2%.
Omron India Automation targets to double revenue by FY30
The company is expanding its India focus as manufacturing industries increasingly seek precision technologies, automation solutions and advanced inspection capabilities.
Veritas Finance names Mathew Joseph non-executive chairman of its board
Joseph, who has over 36 years of experience in the financial industry, succeeds Raj Vikash Verma, who died on October 16, and will guide the company's governance and growth.
Asian Paints consolidated profit jumps 7.5% YoY in Q2
Asian Paints reported a 7.5% year-on-year rise in Q2 consolidated profit to Rs 1,067.6 crore, while net sales grew 16.9% to Rs 9,953.9 crore. Higher raw material costs weighed on margins, prompting further staggered price hikes. The company also declared a dividend of Rs 5.75 per share.
What Do You Want From Your Money? Swarup Mohanty's Investing Advice
Indian market indices Sensex and Nifty ended the week on a high note, each climbing by up to 0.5%. Even as the broader market suffered losses, standout performers like Trent and IndiGo flourished thanks to positive earnings. The Nifty IT index was a highlight, soaring over 2%, while Nifty Consumer Durables fell nearly 2%.
Don't Be the Fund Manager to Your Fund Manager: Swarup Mohanty's Advice
Save First, Spend Later! Aashish Somaiyaa's SIP Advice
Lost In 50 Districts: Akhilesh mocks BJP over MLC poll results, alleges electoral deceit
During a recent farm auction, Renay Davis stumbled upon an old cast-iron fireplace cover, which she artfully reimagined as a captivating backsplash in her kitchen. This resourceful decision allowed her to sidestep the hefty costs of conventional tiles while also contributing to the upcycling phenomenon in home renovations. Her project exemplifies the rising admiration for antique materials, revealing a strong shift toward incorporating distinctive salvaged pieces in modern living spaces.
TMC MP Abhishek Banerjee has cautioned police officers against allegedly framing party workers in fabricated cases. West Bengal Chief Minister Suvendu Adhikari responded by claiming Banerjee is incoherent due to a sodium-potassium imbalance. Adhikari also alleged that an aide of Banerjee has provided information against him. Banerjee demanded the arrest of members of a Durga Puja committee following a tragic stampede.
Over Rs 18,000 crore transferred to farmers under PM-KISAN: PM Modi
Adityanath saved Gorakhpur seat at cost of Varanasi in UP MLC polls: Akhilesh Yadav
Akhilesh Yadav criticized Yogi Adityanath for securing a win in Gorakhpur at the expense of Varanasi. He alleged that the BJP's victories resulted from manipulation, leading to losses in several regions. Yadav congratulated SP candidates for their successful campaigns, highlighting their commitment to democracy and social justice. He invoked historical figures to emphasize the importance of people's voice in governance.
US midterms: Can Congress override disputed election results?
Some midterm election contests in the United States are expected to face delays from recounts and legal challenges. The outcomes may hinge on a few tightly contested races that could affect congressional control. Historical precedents show that disputes can result in lengthy legal battles in both the House and Senate. Both parties may file lawsuits to challenge results and delay seating candidates.
GAIL (India) has revealed a whopping 139.3% surge in its consolidated net profit for the FY27 September quarter, showcasing impressive operational revenue growth of 32.7% year-on-year. The board has sanctioned the IPO listing of its subsidiary GAIL Gas Ltd. on Indian stock exchanges, facilitating a 25% equity dilution. In a strategic move, GAIL will also transition six city gas distribution networks to its subsidiary by January 1, 2027.
