26 C 
Vadodara (Gujarat) [India], October 31: Ratnaveer Precision Engineering Limited has announced its unaudited financial results for the quarter and half year ended September 30, 2026, reporting strong year-on-year growth across key financial parameters. Alongside its financial performance, the company continues to advance its capacity expansion plans, with its new CCL plant progressing towards completion and currently approximately 75% complete.
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.
Demolition follows Bombay High Court order; MMRDA provides alternative permanent accommodation to eligible project-affected persons
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.
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.
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.
Fewer IIT and IIM graduates are turning entrepreneurs in 2026, even as India's startup ecosystem expands. Only 79 IIT alumni and 20 IIM alumni founded tech startups between January and August. Experts attribute the startup boom to AI tools, lower costs and layoffs, but flag untapped talent.
NTPC Q2 net profit jumps 39% to 7,030 crore, revenue rises 21%
NTPCs total income rises to 54,715.69 crore in Q2 FY27 from 45,262.10 crore in year-ago period
Googles parent company is investing heavily in artificial intelligence infrastructure as its cloud business expands. But the spending is weighing on cash flow, while AI-powered search raises questions about the future of its advertising business
Petrol export duty cut to nil, diesel levy raised by 3 a litre
The governments fortnightly review raised the export levy on diesel to 11.5 per litre from 8.5 and on aviation turbine fuel to 11 per litre from 10.5, while Indias diesel exports touched 700 kilo barrels per day in October, the highest since September 2025, according to Kpler
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
Bengaluru to Goa in 13 hours 20 minutes: Check Vande Bharat route, timings and weekly schedule
The new Vande Bharat Express will operate under train numbers 26655 and 26656. It will cover the distance between Yesvantpur and Madgaon in approximately 13 hours and 20 minutes.
Moscow Ranks Among the World's Top Three Video Game Development Hubs
New Delhi [India], October 31: The ranking includes ten hubs across ten countries. Moscow ranked ahead of hubs in South Korea, Spain, Singapore, India, Brazil and Germany. The hubs ranked above Moscow were AD Gaming Hub in Abu Dhabi, with a score of 2.56, and Shanghai's Xuhui District, with 2.48. The findings were presented during the business program of the second Moscow International Game Week, taking place in Moscow from October 29 to November 1, 2026.
CDSL Q2 results: Net profit jumps 24% YoY to Rs 173 crore, revenue up 24%
Central Depository Services (India) Limited (CDSL), a market infrastructure institution, on Saturday reported a 24% year-on-year increase in net profit to Rs 173 crore in the second quarter, compared with Rs 140.2 crore in the corresponding quarter last year.Revenue grew 23.7% to Rs 395 crore from Rs 319 crore in the year-ago period. EBITDA increased to Rs 229 crore, while EBITDA margin expanded to 58% from 56% a year earlier.For the quarter under review, CDSL opened around 75 lakh new demat accounts during the quarter, taking its assets under custody (AUC) beyond Rs 89 lakh crore. The company's demat account base registered year-on-year growth of around 17% as of the end of Q2, Vora said.Commenting on the performance, Nehal Vora, Managing Director and Chief Executive Officer of CDSL, said participation in India's securities market continued to remain resilient despite global macroeconomic volatility. The company's demat account base grew around 17% year-on-year as of the end of Q2.He added that the sustained growth in market participation would encourage CDSL to further strengthen its operations and value proposition.During the quarter, CDSL increased its investments in India International Bullion Holding IFSC Limited (IIBHL) to support the development of IT infrastructure, among other initiatives.The company also made a strategic investment in the Open Network for Digital Commerce (ONDC), an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry.Separately, CDSL's subsidiary, Centrico Insurance Repository Limited, signed a software development partnership agreement with Shoveltech Solutions Private Limited, a company operating in the health-tech domain.CDSL facilitates the electronic holding, settlement and transfer of securities, catering to various market participants, including depository participants, issuers, investors, registrars and transfer agents (RTAs), clearing corporations and stock exchanges. It is Asia's first listed depository and manages over 19.34 crore demat accounts, with a network of more than 590 depository participants.Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her relative(s) (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
ET Wealth Expo | Only 6 of 1990's Sensex stocks survive: S Naren's case for smarter asset allocation
S Naren of ICICI Prudential Mutual Fund highlights how only six companies from the 1990 Sensex remain in the benchmark today. At ET Wealth Expo, he explained why beaten-down stocks may never recover and urged investors to distinguish between asset allocation and stock selection, while cautioning against chasing strong past returns.
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.
In 1906, Rawhide, Nevada saw a surge in population, swelling to 7,000 residents after gold was discovered. However, by 1910, it faced a steep decline to about 500 inhabitants, driven by disasters like a severe fire in 1908 and flooding. Although the town was rich in gold and silver, scandals marred its image. Today, Rawhide is a sobering reminder of the fleeting glory of boomtowns.
Sudhanshu Trivedi targets Congress over mock Parliament, cites World Bank report
Sudhanshu Trivedi criticized the Congress party for organizing a mock Parliament after their recent failures. He emphasized the significant reduction in poverty in India under Prime Minister Narendra Modi's leadership from 2011 to 2023. Trivedi referenced the World Bank's report claiming only 2.6 percent of the population remains in extreme poverty today. The Gini Index results also showed that India ranks among the most economically equal countries globally.
Elon Musk reacted with a one-word comment, Gross, after the New York Post reported on cockroach milk and its potential as a future superfood. Produced by female Pacific beetle cockroaches to nourish their young, the protein-rich secretion has attracted scientific interest, although its extraction remains complex and its use in food products is still being studied.
Congress Leaders pay tribute to Indira Gandhi on 42nd death anniversary
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
Sebi pushes for resilient capital markets, focuses on investor protection: Chairman
SEBI Chairman Tuhin Kanta Pandey emphasized the importance of accessible and efficient capital markets at a recent forum. He highlighted the growth in market capitalisation with significant annual fundraising through equity and debt. The number of investors in West Bengal has dramatically increased, indicating regional market participation. Additionally, various steps have been taken to streamline compliance and fundraising processes for issuers.
ITC Hotels has signed a management agreement for the 105-key Fortune Select Greater Noida, expanding the brands presence in Uttar Pradesh and the NCR. Located at India Expo Plaza, the hotel will cater to corporate, MICE and leisure guests and is expected to open early next year.
IGL, Northern Railway join hands to replace LPG, diesel with PNG at 22 locations
The agreement will initially supply about 3,000 SCMD of gas, replacing roughly 500 kg of LPG and 2,500 litres of diesel daily, IGL said
How thematic investing is changing the way Indians approach crypto
In India, investors are increasingly embracing thematic investing as they explore cryptocurrency and other sectors. This innovative investment style allows individuals to focus on specific trends and ideas rather than sticking to conventional categories. To support this, ZebPay has launched CryptoPacks, offering users curated portfolios that resonate with various themes. These packs simplify investment management and signify a shift toward future-focused digital asset strategies.
This Festive Season, Add a Touch of European Baking to India's Celebrations
New Delhi [India], October 31: In India, festivals have always been about coming together, celebrating traditions and sharing good food. From boxes of mithai exchanged with loved ones to treasured family recipes prepared for special occasions, food has long been at the heart of festive celebrations.
IGL Q2 result: Net profit plunges 93.5% to 24 crore on higher gas costs
Indraprastha Gas Ltd (IGL), the country's largest city gas distributor, reported a sharp 93.5 per cent decline in standalone net profit for the September quarter as a substantial increase in input gas costs eroded margins, offsetting higher sales volumes and revenue. Net profit fell to Rs 24.38 crore in the second quarter of 2026-27 from Rs 372.51 crore a year earlier, despite an 8 per cent increase in sales volumes and a 26 per cent jump in gross turnover. The company said its average daily gas sales crossed the 10 million standard cubic metres per day (mmscmd) mark for the first time, rising to 10.06 mmscmd in the July-September period from 9.31 mmscmd in the corresponding period last year. Gross sales turnover increased to Rs 5,999.13 crore from Rs 4,431.63 crore, reflecting higher sales as well as the impact of increased gas prices. CNG volumes grew 9 per cent year-on-year during the quarter, while piped natural gas (PNG) sales rose 8 per cent, indicating continued expansion in
Concurrent Gainers: 8 stocks that gain for 5 days in a row
Over the five trading sessions ended October 30, the Sensex advanced 1.8%, or 1,336 points, to close at 74,459, posting gains in four of the five sessions. Amid the broader market rally, around 18 stocks from the BSE 500 index rose in each of the five consecutive trading sessions between October 26 and 30. Of these, we identified eight stocks that gained on all five days, delivering cumulative returns ranging from 10% to 21% during the period. (Data Source: ACE Equity)
Lodha Developers makes NCR market debut with 1,700 crore office project
The Mumbai-based developer is expanding beyond its traditional markets as it prepares a residential launch in Gurugram and builds a 20,000 crore housing launch pipeline for the second half of FY27.
ICICI Prudential MF's S Naren warns investors against chasing assets after spectacular rallies, highlighting how silver's 216% surge drew record ETF inflows before a 27% correction. At the ET Wealth Expo, he explained why genuine asset allocation means buying unpopular assets and why gold still deserves a place in portfolios.
Jatin Kumar Nayak takes charge as Ireda chairman and managing director
Jatin Kumar Nayak has assumed charge as the Chairman & Managing Director of Indian Renewable Energy Development Agency (IREDA), a company statement said. Prior to this appointment, Nayak held the position of Executive Director (Finance) at REC Ltd. Nayak has over three decades of rich and diverse experience, the statement said. He has served as Chief Financial Officer of erstwhile REC Transmission Projects Company Limited, a subsidiary of REC. Earlier in his career, he has worked with NHPC, Hindustan Copper, National Aluminium Company Ltd (NALCO) and Neelachal Ispat Nigam Ltd. His experience spans over the power sector and resource-intensive industries, including mining and metals. He also brings substantial expertise in domestic and international resource mobilisation, strategic treasury management, corporate finance, taxation and legal affairs, project appraisal and monitoring, lending operations, loan recovery, and stressed asset management. Nayak holds a Master's degree in .
Bengaluru (Karnataka) [India], October 31: REVA University inaugurated the first edition of REVA Literature Festival, The First Chapter, on its campus on Friday. Celebrating the theme Two Days, Countless Stories, the festival brought together acclaimed authors, writers, journalists, artists, literary enthusiasts and young creative minds to celebrate literature, creativity, culture and the enduring power of storytelling.
A family dispute at Delfin has escalated after Rocco Basilico turned down a $3.9 billion buyout offer from Leonardo Maria del Vecchio for his 12.5% stake. Basilico reportedly wants $4.8 billion, while three shareholders are seeking to ease rules governing board changes.
Jatin Kumar Nayak takes charge as CMD of IREDA
He has served as Chief Financial Officer of erstwhile REC Transmission Projects Company Limited, a subsidiary of REC
IPO ahead: Value-fashion retailer Ratnadeep Retail gets Sebi nod to raise funds through public issue
Ratnadeep Retail has received Sebi approval to launch an IPO comprising a fresh issue of up to Rs 400 crore and an offer for sale of 1.49 crore shares. The Hyderabad-based retailer plans to use part of the proceeds to repay borrowings and expand its store network across India.
'Modi's visit to Canada in December will be another building block': Jaishankar meets Anita Anand
S Jaishankar met with Canadian Foreign Minister Anita Anand to discuss diplomatic relations between India and Canada. They agreed that Prime Minister Modi's visit in December will strengthen their ties further. Previous tensions arose after allegations against India regarding a separatist's killing earlier this year. Relations have improved since Canadian Prime Minister Mark Carney's election and visit to India.
Delhi Police arrest Hashim Baba gang member in Dabri murder case
Delhi Police have arrested Shivam, a member of the Hashim Baba gang, for a murder that occurred recently. A 30-year-old man was fatally stabbed in northeast Delhi on October 24 and later died at a hospital. In a separate incident, Seema Rishi was killed while trying to protect her son from attackers on October 15. The woman's husband described how they were attacked during a confrontation.
Diwali stock picks: SBI Securities lists 11 stocks with up to 22% upside potential. Do you own any?
As India prepares to celebrate Diwali next week, investors will welcome Samvat 2083 after a challenging year for equities.SBI Securities expects a gradual recovery after two years of consolidation. The primary catalyst for this recovery, according to the brokerage, will be a pullback in crude oil prices below $90 per barrel.
Only bank branches in Shillong will remain closed on Nov 2 for the Nongkrem Dance Festival. Even Saturday is working for bankers across the country this festive week.
CDSCO cancels FatX's registration over misleading claims on product
By Shalini Bhardwaj The Central Drugs Standard Control Organisation (CDSCO) has cancelled the registration of FatX over discrepancies between the approved product label and claims made by the company on its official website. According to the order, the company was marketing the product as a treatment for dissolving fat cells and reducing their size, which the regulator said amounted to drug claims and did not fall under the definition of cosmetics. On the official website of the importer (copy enclosed), discrepancies/mismatches have been observed with respect to the availability of claims on the marketed product labels against the approved product label. On the website, the product is being marketed as a treatment for dissolving the fat cells and reducing the size of fat cells, which are drug claims and do not fall under the definition of cosmetics, the order stated. The CDSCO referred to clause (aaa) of Section 3 of the Drugs and Cosmetics Act, 1940, which defines cosmetics as arti...
JioStar Q2 PAT falls 13.2% to 1,147 crore; revenue rises 9.8%
Revenue from operations rose 10.1% year-on-year to 6,806 crore
IHC converts 8.69 crore warrants into equity shares in Sammaan Capital
With this, IHC's stake in the company has risen to 33.32% from 28.34% earlier
LIC Housing Fin Q2 net profit grows 12% YoY
LIC Housing Finance experienced a 12% year-on-year increase in consolidated net profit, reaching
New India slips into red with 1,267 cr loss in Q2
New India Assurance Company has revealed a concerning net loss of
Bank of Baroda's Q2 profit surges 36% YoY on NSE stake sale
In a remarkable financial performance, Bank of Baroda reported a staggering 36% rise in net profit for the second quarter, reaching
Reliance Retail Q2 profit takes a hit on Qcomm push
Reliance Retail Ventures reported a significant drop in net profit, down 24.5% year-on-year to
Wealthy Indian investors are holding liquidity and planning phased investments across diverse market segments. The focus is on both domestic and international markets, including the US, China, and South Korea. Private markets and credit opportunities are also gaining traction among ultra-high-net-worth individuals. Real estate investments are evolving with increased interest in Alternative Investment Funds, which have doubled over the last year.
Delhi-NCR combats air pollution: Govt, private offices capped at 50% capacity from Nov 5-20
Stating that high levels of air pollution in the NCR, particularly episodic increases during periods of adverse meteorological conditions, have been a matter of serious concern
Jio Platforms profit zooms 14% on healthy user mix, digital play
Jio Platforms has unveiled an impressive 14% net profit growth to
Indian Oil net profit triples YoY to 21,630 cr in Q2
Indian Oil experienced a remarkable surge in its net profit, which soared to 21,630 crore for the second quarter. This growth can be attributed to elevated pump prices and government subsidies for LPG sales. In contrast, the same quarter last year showcased a profit of only 7,610 crore. Moreover, operational revenue increased by 29%, reaching 2,62,935 crore, with the firm's operating profit from petroleum product sales more than doubling.
GAIL Q2 profit surges over two fold YoY to 4,650 cr despite global disruptions
GAIL (India) has reported a remarkable increase in net profit, reaching 4,650 crore for the September quarter, more than double from the previous year. This growth is attributed to heightened gas marketing margins amid global energy supply disruptions. Revenue also surged by 31% to 45,924 crore. Furthermore, GAIL has moved forward with plans to list its subsidiary GAIL Gas, enhancing its stock value by 1.7% to 168 per share.
ZEE profit sinks 40% YoY in Q2, but revenue rises on FIFA subscription growth
Zee Entertainment Enterprises faced a sharp drop in consolidated net profit for the quarter ending September 30, 2026, despite a 13% rise in operating revenue to 2,225 crore, spurred by FIFA World Cup-related subscriptions. Total costs surged by 18%, largely due to inflated programming and promotional expenses. In a bright spot, ZEE5's revenue surged over twofold, showcasing a successful digital approach.
Lodha Developers profit rises 28% YoY to Rs 1,013 crore in Sept quarter
Lodha has announced a remarkable 63% surge in net profit, reaching 2,386 crore for the first half of FY27. This growth is driven by impressive operational performance, with net profit for the September quarter rising by 28% to 1,013 crore and revenue climbing 18% to 4,468 crore. The companys pre-sales also saw a 10% increase to 5,037 crore, alongside plans for expansion in NCR and Bengaluru.
Varun Beverages Q3 net profit rises 13% YoY, but margins fall
Varun Beverages recorded a substantial net profit increase of 13.5% for the quarter ending September 2026. Although there was strong revenue growth attributed to both local and international sales, the company's shares dropped because of shrinking operating margins. Challenges arose from heightened packaging costs and sugar price surges affecting gross margins. Additionally, Varun Beverages solidified its partnership with PepsiCo, extending their licensing agreement through 2049.
Q2 Results Today, 31st October 2026 Live Updates: businessline brings to you latest Q2 announcements, earnings updates and more.
ExxonMobil and Chevron posted stronger-than-expected quarterly profits amid soaring refining margins tied to disruptions in the Middle East and Russia-Ukraine war. Exxons refining earnings hit a record, and Chevron reported robust refinery activity.
Tata Motors says Iveco is now part of group; Chandrasekaran appointed Chairperson
The acquisition is valued at approximately $4.32 billion (42,561 crore)
US oil companies aim to squeeze more out of refineries as war supply crunch weighs
US oil companies are enhancing refinery capacities and reopening closed plants due to global supply disruptions. ExxonMobil and Chevron reported record profits, attributed to soaring commodity prices and refinery margins. Additionally, ongoing conflicts have severely impacted refining output, particularly in Russia and Iran. Analysts suggest that it may take until next year for supply chains to stabilize.
Alaska Air Group plans to cut roughly 200 jobs as soaring fuel costs strain its finances, with its CEO warning of a possible $700 million annual loss. The move highlights growing pressure on US airlines as higher fares and steady travel demand fail to fully offset the sharp rise in fuel expenses.
ISRO launches GSLV-F18 with NVS-03, boosts NavIC & make-in-india navigation capabilities
What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft
Binance says hackers stole more than $6 billion in what is being described as the largest cryptocurrency heist on record, with blockchain intelligence firms linking the attack to North Koreas TraderTraitor hacking unit. The exchange has set aside $6.34 billion to cover losses, frozen about $3 billion in affected assets with partners and says it will reimburse users while investigators trace the stolen funds.
S&P Global Ratings lowered Metas AA- outlook to negative, citing rising leverage and heavy AI spending whose returns remain uncertain. The move signals a possible downgrade within two years, though Metas rating is not currently under review.
AI is forcing recruitment firms to overhaul their business models
As AI automates resume sourcing and initial interviews, recruitment firms are shifting toward senior hiring and re-evaluating traditional billing models.
Why Swiggys Toing is raising questions over food-delivery profitability
Swiggys affordable-meal app is showing early signs of attracting new and returning users, but analysts are questioning whether it can drive incremental demand without adding to the companys costs.
Irdai's proposed insurance commission caps may hit smaller banks harder
The proposed curbs could erode more than half the bancassurance income at some small and mid-sized lenders, with losses reaching as much as 70% in certain product categories.
Noel Tata seeks board scrutiny of SP Group's Rs 25,000 crore exit plan, Tata Sons restructuring
Noel Tata has asked the Tata Sons board to examine Shapoorji Pallonji Group's Rs 25,000-crore funding proposal through a capital reduction and separately evaluate Tata Trusts' restructuring plan to preserve the holding company's unlisted status. Both proposals are slated for discussion at the November 26 board meeting.
AU Small Finance Bank hit by a likely breach of 'limited' data
The lender is investigating a potential breach of limited data pertaining to its vehicle-loan customers. The data was hosted on a third-party software platform operated by Salesforce.
FCNR bounty in Q2 masks bank issues in growing deposits
An analysis of 10 banks shows that reported deposit growth averaged 21.1% year-on-year during July-September. However, excluding the special foreign currency inflows, domestic deposit growth was estimated at just 12.2%-a massive gap of nearly nine percentage points.
Big Tech returns smallest share of cash to shareholders in 15 years, given AI spending
USA-MARKETS-TECH:Big Tech returns smallest share of cash to shareholders in 15 years, given AI spending
Indian exporters get MAS support route to Russia through FIEO for MosBuild 2027
New Delhi [India], October 30: Indian manufacturers and exporters in the building materials and interiors sector can access Market Access Support (MAS) through the Federation of Indian Export Organisations (FIEO) to participate in MosBuild 2027 in Moscow, opening new opportunities to connect with Russian buyers and explore the wider Eurasian market.
Rahul Gandhi attacks govt on IDBI bank sale row; FM Sitharaman hits back
Amid the IDBI bank disinvestment row, Congress leader Rahul Gandhi has expressed solidarity with the employees and questioned the government's decision to sell off the profitable public bank to a Canadian firm. The Leader of Opposition in Lok Sabha asserted that public banks are not assets to be sold off, they are tools to build the nation. Hitting back, Finance Minister Nirmala Sitharaman said the Congress used banks and financial institutions as personal entities and pressured bank employees to extend loans at their whim, bypassing prudent lending norms. She also cited several instances from the Congress-led government, including the removal of SBI chairman R K Talwar in 1976 under Indira Gandhi's rule after he allegedly refused to give in to political pressure to relax lending norms for a company linked to Sanjay Gandhi. In a letter addressed to members of the IDBI bank family on Thursday, Gandhi said that in March last year, a group of employees of the bank came to meet him i
The approach, commonly known as a pay-to-quit or voluntary exit scheme, allows eligible employees to accept financial compensation in exchange for leaving their jobs
Spooky vibes at White House as First Lady Melania & Trump greet trick-or-treaters on Halloween
