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ICICI Life Q2 net profit rises 25% on better product mix
In the latest financial report, ICICI Life Insurance announced a remarkable 25% increase in net profit for the second quarter, reaching 374 crore. Over the first half of FY27, profits rose by 26.5% to 760 crore. With annualised premium equivalent growing by 15.1% to 4,935 crore, the firm continues to strengthen its focus on protection and retirement products, leading to enhanced profitability and a 22.
Hyundai, TVS ready electric mini-truck to rival Tata Ace in 2027
The entry will expand TVSs automotive ambitions beyond two- and three-wheelers, while giving Hyundai a foothold in Indias commercial vehicle market beyond passenger cars.
Trump says Taiwan agrees to buy 30% of gas from Alaska pipeline
Taiwan has committed to purchasing 30% of the gas from a pipeline project in Alaska. This agreement was discussed during a rally by Donald Trump in Wasilla, Alaska. In a prior deal, CPC Corp of Taiwan had agreed to buy liquefied natural gas from Alaska Gasline Development Corp. Additionally, this investment is intended to bolster Taiwan's energy security.
Bhagwant Mann's ex-OSD Manjit Singh Sidhu joins Congress ahead of 2027 Punjab polls
Manjit Singh Sidhu, former Officer on Special Duty to Punjab Chief Minister Bhagwant Mann, has joined Congress. He stated that his commitment to Punjab's interests overshadowed his past affiliation with Aam Aadmi Party. Sidhu emphasized that his transition to Congress was driven by his dedication to Punjab and the country rather than personal ambitions. He clarified that he has not requested any position within the Congress party.
US regulators fined Bank of America $1.21 billion for failing to detect and report billions of dollars in suspicious transactions and sanctions-related payments. The bank expects the penalty to reduce third-quarter net income by about 17 cents per share.
Delhi Police detained Cockroach Janata Party activists Saurav Das, Ashutosh Ranka, and Ajinkya Shinde for trespassing. The activists were attempting to enter Jantar Mantar, which was recently de-notified as a protest location. Allegations have been made regarding the denial of legal representation for nearly 24 hours. Authorities have been accused of suppressing peaceful protests while prioritizing orders from higher government officials.
Hardening bond yields to weigh on bank profits in September quarter
For the September quarter, Nifty 50 banks are forecasted to see an 11.5% rise in net interest income, yet net profits are expected to grow more slowly at around 10%. This growth is supported by robust capital inflows from the RBI's FCNR-B deposit swap scheme, bolstering deposit growth. Leading banks like Axis Bank and Kotak Mahindra Bank are likely to show substantial profit growth this quarter.
Can Fusion CX IPO deliver long-term growth for high-risk investors?
Fusion CX is poised to raise
Nifty IT surges 5.2% to log biggest single-day gain in 17 months
Indian IT stocks experienced a significant increase following HCL Technologies' strong earnings report for the September quarter. The Nifty IT index rose by 5.2%, marking its largest gain in 17 months. All 10 components of the index ended higher, with HCL Technologies leading the gains. Concerns over artificial intelligence adoption have impacted investor sentiment, although a stronger dollar provided additional support.
Zohos pay freeze signals broader AI-led pressures for Indias software industry
Zohos profitability has come under pressure since FY23, the year OpenAI brought generative AI into the mainstream with the launch of ChatGPT in November 2022. While Zohos profitability rose 3% in FY23, its employee costs jumped 49%.
Sebi proposes Rs 50,000 fine for firms not cooperating with monitoring agencies
Sebi has proposed a fine of
Blackstone in talks to invest $400-500 million in defence tech firm Accord
Founded in 1991 by five engineers with experience in avionics and real-time embedded systems, Accord has evolved from a software developer into a specialist in global navigation satellite systems (GNSS). It makes satellite navigation devices, specialised computer chips and electronic systems.
Rising costs put logistics firms under pressure this festive season
With logistics providers revising rates, brands may increasingly rethink discounting, delivery fees and fulfilment strategies as they navigate margin pressures.
D-Street braces for weak opening on negative GIFT Nifty cues
The Nifty index surged to close at 22,722, bouncing back with a hefty gain of 434 points from its lowest dip of the day. Positive remarks from Finance Minister Nirmala Sitharaman are likely to bolster investor confidence regarding the long-term capital gains tax. A decline in the India VIX suggests lower market anxiety, while foreign institutional investors recorded net sales, countered by robust domestic institutional purchases.
GQG pares Rs 8,000 crore of Adani stakes in September quarter as FPI bets turn mixed
In a significant move, GQG Partners divested approximately 8,000 crore in stakes across five companies of the Adani Group during the September quarter. While some firms saw an uptick in foreign portfolio investments, others faced declines. The most substantial decrease was seen in Adani Energy Solutions, which dropped from 4.14% to 1.71%.
Sebi extends IPO size flexibility by six months
In a significant regulatory update, Sebi has extended the timeline by six months for companies to adjust their issue sizes without the need for new approvals. This applies to initial public offerings set to commence by March 31, 2027. Lead managers are now permitted to modify offer documents to accommodate these size revisions, ensuring that the main objectives continue to be met.
Blackstone has $100-billion plans for India in 5 years, says COO Jonathan Gray
Blackstone, the largest alternative asset manager, intends to raise its investment in India significantly. The company currently invests $50 billion and aims for $100 billion in five years. Chief Operating Officer Jonathan Gray highlighted opportunities in various sectors, including private equity and infrastructure. He noted the attractiveness of the Indian capital markets for foreign investors.
FM Sitharaman ready to hear out stock market tax debate
Finance Minister Nirmala Sitharaman expressed interest in the discussions surrounding stock investment taxes and their implications. She mentioned that changes to these taxes are highly anticipated ahead of the Union Budget. Additionally, Sitharaman noted that the Reserve Bank of India is working to manage rupee volatility through specific measures. She emphasized the importance of maintaining strong economic fundamentals during these discussions.
Employee arrested after listening device found in OpenAI conference room, FBI and the company say
Employee arrested after listening device found in OpenAI conference room, FBI and the company say
SC dismisses MMTC appeal on NSEL's Rs 1,950 crore scheme
The Supreme Court dismissed the appeal filed by MMTC regarding a settlement scheme for creditors affected by the exchange's crisis. This 1,950 crore scheme had been approved by the National Company Law Tribunal last year. The approval was upheld by the National Company Law Appellate Tribunal on March 30. More than 90% of the creditors had approved the settlement scheme earlier in May 2025.
Adani, Jabil sign MoU for AI & data centre equipment JV
Adani Enterprises and Jabil are forming a joint venture to manufacture artificial intelligence and data centre equipment in India. This venture aims to produce AI racks, servers, storage, and networking equipment for data centres. Furthermore, it will include equipment needed for power supply and cooling systems. The companies anticipate meeting both domestic demand and supporting exports in the market.
'D2C brands need distribution shift to scale up to 500 crore revenue'
In India, emerging direct-to-consumer (D2C) brands have the potential to generate Rs 100 crore in revenue within a span of two to four years. To escalate this figure to Rs 500 crore, these brands must broaden their distribution networks and engage with new customer segments. Growth opportunities lie in refining brand positioning and activating media strategies.
Jaipur (Rajasthan)/ New Delhi/ Mumbai (Maharashtra)/ Kolkata (West Bengal)/ Hyderabad (Telangana) [India], October 13: This Diwali, Bvlgari, the Magnificent Roman High Jeweler, unveiled a new expression of the festival with Passing the Light. Marking the Maison's first-ever global Diwali campaign, it was an intimate evening celebrating art, craftsmanship, and shared ritual. Conceived as an ode to India and to light in its most authentic form, the event invited guests to experience a beloved tradition through the lens of contemporary art, transforming the familiar glow of the diya into something deeply rooted yet strikingly unexpected. Conceived as a profound ode to India, the intimate evening brought together cultural luminaries to unveil a monumental, artisan-crafted tribute to the festival of lights.
Blackstones AI Data Center Deals Are Looking Shaky
In a capital-intensive industry where money is the weapon that catapults startups to scale and overwhelms rivals, financiers can have a lot of sway.
Jyotiraditya M. Scindia discussed significant banking developments at the North East Bankers Conclave 2.0 in Agartala. He outlined future targets including opening new bank branches and increasing ATM installations in unbanked areas. Collaborative efforts between banks and government were emphasized to enhance development in the Northeast region. The Chief Minister of Mizoram, Lalduhoma, highlighted the importance of banks in creating economic opportunities for citizens.
KL Rahul-backed Boldfit secures $42 million to boost retail presence across India
Founded in 2018 by Pallav Bihani, Boldfit offers a range of products, including sportswear, athletic footwear, sports equipment and fitness accessories.
Hyundai commits $15.5 billion to India, eyes global export hub expansion
Hyundai Motor Group plans to invest $15.5 billion in India by 2032, funding research and development, expanded Hyundai and Kia production capacity, a vehicle testing facility and a dedicated investment entity. The company expects the programme to create jobs.
India should let rupee find its own level: Uday Kotak calls for focus on competitiveness, innovation
Uday Kotak stated that the rupee should be allowed to find its own level without government interference. He noted that the strength of the Indian economy will eventually reflect in the currency. Recent pressure on the rupee was largely due to portfolio investment outflows rather than the current account deficit. The Reserve Bank of India implemented measures to support the rupee, resulting in a consecutive appreciation.
US bank earnings: How did JPMorgan, Goldman Sachs, Citigroup, Wells Fargo perform in Q3?
The results came after a turbulent quarter marked by the conflict in Iran, elevated oil prices and a global bond-market selloff, which affected dealmaking and trading activity across financial markets
Toothsi parent MakeO raises 90 crore to expand dental care operations
The company, operating across India and Southeast Asia, has crossed 500 crore in revenue and turned Ebitda profitable. It aims to double revenue in the next two to three years
Ashish Kacholia, Kotak Life lead Fusion CXs Rs 315-crore anchor book ahead of Rs 702-crore IPO
Fusion CX raised Rs 315 crore from anchor investors ahead of its Rs 702-crore IPO, with Ashish Kacholia and Kotak Mahindra Life Insurance among the participants. The issue opens on October 14 and closes on October 16. Swastika Investmart has assigned a Neutral rating, citing valuations and limited scope for re-rating.
NSEIX, London Stock Exchange sign pact to deepen India-UK market links
NSE IFSC and the London Stock Exchange have signed an MoU to explore dual listings, cross-listings, new financial products and cross-border trading connectivity between GIFT City and London. The proposed collaboration could expand global investor access for Indian issuers, improve market connectivity and strengthen GIFT IFSCs role as an international financial hub.
Titan partners with Squarespace to offer custom-domain email to users
Bhavin Turakhia-founded Titan will offer its Essential Email service to Squarespace customers at $3 per user per month, initially across the US, UK, Australia and Canada
Dr Lal PathLabs acquires remaining 30% stake in Centrapath Labs
The acquisition consolidates ownership of the Indore-based healthcare and diagnostic services provider under PathLabs Unifiers, a subsidiary of Dr Lal PathLabs
Sebi proposes review of framework for monitoring utilization of issue proceeds
Sebi has invited public comments on recommendations to review rules governing the monitoring and disclosure of issue proceeds by listed companies. The consultation paper, based on a working groups report, also covers penalties for non-compliance and related-party transaction provisions. Stakeholders can submit comments and supporting rationale by November 3, 2026.
Adani Airport delays Mumbai international flight shift by at least five months
Mumbai airport had planned to begin rebuilding Terminal 1B in January 2027. Under the original proposal, domestic flights from Terminal 1 would move to Terminal 2, while some international operations would shift to Navi Mumbai airport.
Noel Tata and his son Neville filed a caveat petition in the Mumbai City Civil Court. This action is aimed at protecting their interests against other trustees of the Sir Dorabjee Tata Trust. Concerns have been raised regarding Noel's role in the trust structure by trustees Venu Srinivasan and Vijay Singh. They have sought scrutiny and restrictions on Noel's authority within the trust.
LIC launches three new plans for retirement income, health and cancer cover
The offerings include a deferred annuity for post-retirement income and two health plans providing fixed financial benefits under specified conditions.
AI arms race giving way to AI returns race: Aditya Birla Group chairman
Aditya Birla Group chairman Kumar Mangalam Birla says businesses are taking a measured approach to AI investments, focusing on tangible returns, productivity and capital allocation
B.R. Shetty seeks $15 bn from Bank of Baroda over alleged role in NMC fraud in Bombay HC
B.R. Shetty has sought $5 billion in direct damages, $5 billion for consequential losses, including lost business opportunities, and another $5 billion for reputational damage.
Hyundai Motor Group commits $15.5 billion to India over seven years
The outlay across Hyundai Motor India and Kia will fund capacity expansion, local supplier networks, and a $700 million R&D boost to help reclaim market share from domestic rivals.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Sensex and Nifty rallied over 1.5% on Tuesday, adding around Rs 5 lakh crore to the market capitalisation of listed companies. Investors will track global cues, Q2 earnings, active stocks, buying and selling trends, and key technical levels on Wednesday as markets assess the sustainability of the sharp rebound.
NTPC eyes green hydrogen exports, targets Asian and European markets
CMD Gurdeep Singh added that green hydrogen could become a viable business but the priority is for it move from a pilot to commercial scale.
From 201 crore invested in 2017 to 550 crore realised: WSIB-backed investor exits DASNAC
The exit comes in FY26 after generating aggregate cash proceeds of around 550 crore in FY26, as per a report. DASNAC is known for Noida projects like The Jewel of Noida and Burj Noida.
Hyundai Motor Group to invest 1.47 lakh crore till 2032
Investment includes last years commitment of 45,000 crore till 2030 spans around capacity expansion, R&D, future mobility for both Hyundai and Kia
Eastern Railway has replaced standard blankets with floral comforters in First AC coaches of the Howrah-New Delhi Rajdhani Express from 11 October. The new bedding will be washed and sanitised after every round trip to improve hygiene.
Urban Company considers fundraise as instant-services battle heats up
The Gurugram-based companys board will meet on 16 October to evaluate equity dilution routes as rivals Snabbit and Pronto step up pressure in on-demand household help.
NuSynth Technologies raises 36.5 crore in seed funding led by two VCs
Avaana Capital and Shastra VC co-led the funding round, which will help NuSynth expand R&D, develop proprietary chemical processes and build AI-enabled scale-up capabilities
Hyundai Motor Group to invest $15.5 billion in India by 2032
Focus on manufacturing, R&D and future technologies; India to emerge as a global export hub
Adani defers plan to shift foreign airlines from Mumbai to Navi Mumbai
The proposed shift has been deferred to the summer schedule, which begins on March 28, 2027
Market Trading Guide: Balrampur Chini Mills among 4 stock recommendations for Wednesday
Balrampur Chini Mills, Cyient, Aditya Infotech and eClerx Services feature among four stock recommendations for Wednesday, with analysts outlining entry levels, stop losses and upside targets based on technical indicators.
The company said the announcement concerns a specific pathway to permanent residency in the US and is distinct from broader skilled talent mobility programmes, such as the H-1B visa.
CCI clears GRT Jewellers acquisition of Tribhovandas Bhimji Zaveri
The regulator said the proposed transaction raises no competition concerns, clearing the way for the jewellers planned acquisition and public offer.
ICICI Life defends credit cover as Irdai weighs steep commission cut
Management highlighted loan-linked protection as a vital safety net for low-income borrowers as the insurer awaits final rules on Irdais proposal to cap lender commissions at 2%.
Former financial services secretary Nagaraju Maddirala appointed IL&FS CMD for two years
Nagaraju Maddirala, previously a financial services secretary, has been appointed Chairman and Managing Director of IL&FS. His appointment was confirmed by the Ministry of Corporate Affairs on October 12 following Nand Kishore's tenure. Maddirala will receive a monthly remuneration of Rs 5.5 lakh along with a company car. IL&FS is currently under a government-appointed board due to previous financial issues.
Hyundai Motor Group to invest $15.5 billion in India over seven years
Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032 to expand manufacturing, R&D, local sourcing and future mobility, and create more jobs
Political resistance will triumph: Rahul Gandhi hints at oppositions surprise move
ReNew secures $100 million financing facility
The transaction marks FMOs largest single-ticket investment in Indias energy sector
Bengaluru court restrains media from linking Siddaramaiah to honey-trap videos
A Bengaluru court granted an injunction to Siddaramaiah, restraining media from publishing videos linking him to a honey trap. He claims these allegations are intended to tarnish his reputation and character for political reasons. Siddaramaiah has stated he has no connection to the alleged sting operation circulating on social media. He supports freedom of expression but sought legal action due to misuse by certain media sections.
Singapore President Tharman Shanmugaratnam on how India can become an export manufacturing powerhous
Tata Power, Imperial College London join hands on energy transition
The partnership will focus on grid flexibility, energy storage, artificial intelligence (AI) and machine learning (ML) applications, and advanced energy systems
IBM and MeitY Startup Hub sign MoU to accelerate deep-tech ecosystem from Tier 2&3 cities
Start-ups will get access to IBMs portfolio of enterprise technologies and innovation platforms to solve business use cases
The Maharashtra Charity Commissioner has given the Sir Dorabji Tata Trust until October 19 to respond to governance complaints by trustees Venu Srinivasan and Vijay Singh, who allege the trust interfered in Tata Sons commercial decisions and sought to restrict Srinivasans role in proposed listing.
Sebi extends easier IPO rules till March 2027, bankers body says
The Securities and Exchange Board of India (SEBI) on Tuesday extended a temporary relaxation that allows companies planning to launch initial public offerings (IPOs) to revise the size of their fresh issues without filing fresh draft documents, providing greater flexibility to issuers navigating volatile market conditions.
US PERM suspension unlikely to have material business impact: Wipro
Wipro said the suspension relates to a specific pathway to permanent residency and is distinct from broader skilled talent mobility programmes such as the H-1B visa
Hyundai bets on Talegaon as export hub, capacity expansion fuels growth ambitions
The additional capacity comes at a crucial time for HMIL, which has faced rising competition and production constraints in recent years
Vantrock unveils 4,200-crore warehousing and industrial parks plan
Vantrock Real Assets plans 11.5 million sq. ft. development across key markets, with construction of the first phase starting in 2027
Hyundai replicating India learnings across global markets: CEO Jose Muoz
Hyundai Motor CEO Jose Muoz says the company's India operations offer a blueprint for global markets, with long-term investments, localisation and electrification driving growth
CSM Tech wins $174,000 deal to digitise Mozambique's Beira trade corridor
The company will develop a digital observatory for Mozambique's Beira Corridor to monitor cargo movement, transport delays and trade bottlenecks across Southern Africa
PTC Industries among 4 stocks hitting 52-week highs; rally up to 15% in a month
Four BSE 500 stocks, including PTC Industries and Aditya Infotech, hit fresh 52-week highs as the Sensex rallied 1,109 points on Tuesday. The stocks have gained up to 14% over the past month, reflecting continued buying interest across select counters.
Car loans rise 49% as premiumisation spreads beyond metros: TransUnion CIBIL
Average passenger vehicle loan rises to 8.2 lakh; NBFCs lead financing as two-wheeler credit expands
OnMeta accelerates global expansion; signs MoU with Kazakhstan's QazPost
OnMeta has signed a memorandum of understanding with QazPost to explore digital financial solutions. This collaboration aims to integrate OnMeta's digital infrastructure with QazPost's extensive distribution network.
Tata Group's semiconductor push a long-term bet on India: Chandrasekaran
Tata Sons Chairman N Chandrasekaran says chip investments must be judged over the long term, while businesses need to build resilience amid geopolitical and technology disruptions
Vikram Solar to expand Tamil Nadu presence with new BESS facility in Orgadam, Chennai
The facility, spread across approximately 1.65 lakh sqft, is designed to scale up to 15 GWh in later phases
Fashion brand Libas steps up retail expansion, plans 50-plus store additions in FY27
The brand plans to scale the jewellery catalogue to 600700 SKUs by March
RERA Needs a More Balanced Approach to Protect Homebuyers and Enable Responsible Development
New Delhi [India], October 13: Dhanuka Infra Realty Ltd CEO Yogesh Dhanuka calls for greater accountability of approving authorities, practical reforms in escrow provisions and safeguards for commercial confidentiality
Q2 Results Today, 13th October 2026 Highlights: Several companies are scheduled to announce their results for the quarter ended September 30, 2026, on Tuesday. Hero Motors, ICICI Pru, Tata Elxsi, SS Retail, Anand Rathi Share are among the companies in focus as the September-quarter earnings season progresses. Follow this live blog for the latest results, key financial highlights and stock movements as companies announce their earnings.
BR Shetty sues Bank of Baroda for $15 billion, alleges lender enabled NMC fraud
In the suit, valued at $15 billion (approximately 1.44 lakh crore), Shetty, acting through his constituted attorney Dr Shishir Shetty, has alleged that Bank of Baroda served as an instrument of fraud
Amazon expands delivery network in Tamil Nadu as festive season purchases soar
The expansions are part of the e-commerce giants larger Indian ramp up for the festive period with investment of over 2,800 crore
Radisson Hotel Group recalibrates India expansion, eyes bigger push into metros and premium hotels
The Jin Jiang-owned hotel group expects 60% of its next 250 properties to be in tier-one and tier-two cities, while expanding franchising to accelerate growth.
IBM India pitches digital swaraj with country-specific tools for sovereign AI
Bharat Core is designed to connect IBMs Sovereign Core platform to Indian systems; the company says the approach will give enterprises greater control over their data, technology and AI operations
ICICI Life Insurance Q2 net profit rises 25% to 374 crore on premiums
The insurer's net premium income rose 16.56 per cent to Rs 13,804 crore in Q2FY27, while value of new business grew 20.3 per cent to Rs 712 crore, with margins improving
Air India board expected to review staff travel policy, cost-saving proposals
Earlier, Air India had revised its staff travel arrangements from April 1, 2025, requiring employees, including senior management, to travel in economy
ReNew secures $100 million from Dutch development bank FMO for projects
The 10-year financing facility from FMO will support ReNew's renewable energy projects under construction and help diversify its funding sources across domestic and international markets
Prestige Estates' sales bookings rise 20% to 7,225 crore in Q2FY27
Prestige Group reported Rs 13,804.3 crore in pre-sales during H1FY27, with Bengaluru contributing 41 per cent, followed by Hyderabad at 32 per cent and Mumbai at 12 per cent
Anand Rathi Share and Stock Brokers reported a 50% year-on-year rise in consolidated net profit to Rs 41.93 crore in Q2FY27, while revenue from operations grew 20.25% to Rs 273.21 crore. Growth was supported by higher MTF interest income, distribution revenue and continued client acquisition amid market volatility.
Indian equity markets rallied over 1.5% on Tuesday, with the Sensex rising 1,109 points and the Nifty 50 gaining 358 points. IT stocks led the advance, with HCL Tech and TCS topping the gainers lists. Kotak Mahindra Bank, Eternal and Maruti Suzuki were among the notable laggards.
ONGC weighs standalone, joint venture models for new greenfield refinery
The state-run oil major is evaluating standalone, subsidiary and foreign partnership models for its proposed refinery, with capacity, investment and location yet to be finalised
Tata Elxsi Q2 Results: Profit rises 10% YoY to Rs 170 crore; revenue grows 15%
Tata Elxsi reported a 10% year-on-year rise in net profit to Rs 170 crore in Q2, while revenue from operations grew 15% to Rs 1,056 crore. Higher employee and operating expenses, along with lower other income, weighed on margins. Net profit for the first half of FY27 rose 14%.
Adani Enterprises, Jabil sign pact for AI, data centre hardware joint venture
Adani Enterprises Limited and Jabil have signed a Memorandum of Understanding for a potential joint venture. This partnership aims to manufacture AI and data center equipment in India. The agreement includes the production of AI racks, servers, and cooling systems. Gautam Adani highlighted the necessity for new industrial frameworks to support the AI revolution. The joint venture is contingent on further agreements and necessary approvals before progressing.
