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Air India Starts Work On Delhi MRO Facility
Air India has commenced construction of a new multi-facility Maintenance, Repair, and Overhaul (MRO) hangar at Delhi's Indira Gandhi International Airport. This nine-acre facility aims to centralise engineering and maintenance activities, enhancing fleet upkeep, improving reliability, and reducing aircraft ground time for the Tata Group-owned airline.
Rupee's 8-Day Winning Streak: RBI, Jio IPO Boost Currency
The Indian rupee has achieved its longest winning streak in nearly eight years, appreciating for eight consecutive sessions to close at a six-week high. This rally is attributed to strategic central bank interventions, healthy foreign capital inflows linked to the Jio Platforms IPO, and profit-taking in the US dollar.
Rupee snaps eight-day rally as oil climbs to highest since May
The Indian rupee ended its eight-session-long winning streak, closing down 0.4% at 94.8175 per dollar. Concerns over escalating oil prices amid the Middle East conflict contributed to global market volatility. Brent oil prices reached $112.40 per barrel, impacting India's economy due to high crude imports. The Reserve Bank of India faced pressure on whether to defend the currency amid these pressures.
NCDEX launches NDEX, FINNDEX equity indices
NCDEX expands into equity space with rule-based indices NDEX and FINNDEX, signaling a broader market infrastructure push and real-time index offerings
Barclays to cut 5,000 jobs as AI drives cost-saving push and lender seeks to improve returns
Barclays plans to cut 5,000 jobs by the end of 2026 as it uses AI to reduce costs and improve returns. The move comes as third-quarter profit misses estimates, with a sharp decline in fixed-income trading weighing on investment bank income.
Tech Mahindra Collaborates With SpaceXSI On AI Coding
IT services firm Tech Mahindra has announced a collaboration with AI coding platform SpaceXSI to help global enterprises modernise legacy applications, accelerate software delivery, and improve developer productivity through AI-assisted engineering across the software lifecycle. The partnership aims to embed AI intelligence across the software development lifecycle for better business outcomes, focusing on sectors like technology, telecommunications, and banking.
HDFC Bank stock dips 2% on huge volume; trades lower for third straight day
According to reports, HDFC Bank initiated an internal review into the alleged sharing of confidential information with outsiders by two senior executives.
Barclays Q3 profit rises 12% YoY, lender announces 500 million share buyback
Barclays reports a 12% rise in third-quarter pretax profit to 2.3 billion, broadly meeting expectations, and announces a 500 million share buyback. Strong equities trading and stable costs offset weaker fixed-income revenue, as investors assess the outlook for UK bank taxation.
Bollywood sequels can substantially grow a franchises worldwide collections: Dhurandhar 2, Gadar 2, Stree 2 and later Drishyam films all out-earned their predecessors.
Adani Energy Q2 Results: Profit zooms 148% YoY to Rs 1,323 crore; revenue jumps 53%
Adani Energy Q2 Results: Revenue from operations in the reporting period rose 53% YoY to Rs 10,076 crore.
Lost money to online fraud despite not sharing an OTP? RBI rules specify when banks must refund customers and how banks' liability is determined. New directions from January 2027 will widen customer protection, shift the burden of proof to banks, and tighten resolution timelines.
Jio leverage play pops up at SBI as India brokers lure IPO bets
SBI Securities has launched an exciting financing option for the highly anticipated IPO of Jio Platforms Ltd. Investors can secure up to 60% funding for their subscriptions, with the IPO set to open for bids on October 21. The impressive demand already seen indicates a surge in interest, prompting several brokerages to engage new clients. This event could usher in a wave of new investors into the market.
JSW Steel Q2 results preview: Adj. PAT could grow 60-110% YoY, say analysts
Elara Capital said that steel demand remained resilient, supported by channel restocking ahead of expected price hikes.
Infosys Q2 results preview: Analysts see PAT rising 10%; guidance in focus
Infosys Q2 results preview: Brokerages said that the Street will watch for a possible revision in FY27 revenue growth guidance.
Amagi Media Labs shares fall 3% after company flags cyber extortion attempt
Amagi Media Labs shares dropped on Thursday after the company disclosed a cyber extortion attempt involving allegedly obtained operational and network configuration data. The company is investigating the claim with external cybersecurity experts and legal counsel, while stating that services remain unaffected and no material financial impact is expected at this stage.
Michael Burry is betting against Nvidia, Palantir, Tesla and Micron amid concerns over AI valuations, chip depreciation and memory supply cycles. His warnings about a potential AI bubble have intensified as investors weigh surging stock prices against heavy AI spending and future revenue prospects.
Fresh packaging cost shock puts consumer brands under pressure
Companies are exploring lighter packs, recycled plastic and material substitutions to contain costs, but limited alternatives and weak consumer demand are challenges.
India's glittering gold loan sector risks sliding into a dark zone
The gold loan market in India is on a rapid growth trajectory, fueled by true demand alongside possible financial distress among borrowers. According to the Reserve Bank of India, there's significant annual growth in gold loans issued by banks and NBFCs. Heightened competition might bring challenges in assessing borrower viability and repayment options. While regulatory changes aim to create a stable environment, they could introduce operational hurdles for lenders.
Global Market: Japanese investors extend foreign bond selling streak to five weeks
Japanese investors extended their foreign bond selling streak to five weeks through October 17, offloading 161.6 billion yen of long-term debt as US Treasury yields retreated from 24-year highs. Year-to-date net disposals reached 5.18 trillion yen, the highest for the comparable period since 2022, while overseas equity buying continued.
D-Street's margin-funded stock bets fall as smallcap rally falters
Retail traders in India are reducing their leveraged bets on stocks as the market showcases a decline. Recently, borrowed positions dropped to 1.56 trillion rupees after a record high in September. The NSE 500 Index has decreased almost 9% from its peak, pushing small- and mid-caps down significantly. Furthermore, higher interest rates and persistent oil prices have added pressure to the equity market.
Silver ETFs dip nearly 3% as rate hike fears overshadow safe-haven appeal
HDFC Silver ETF was down 2.7 per cent, Tata Silver ETF, SBI Silver ETF, Kotak Silver ETF, UTI Silver ETF, Axis Silver ETF, Mirae Asset Silver ETF, and DSP Silver ETF were down over 2 per cent.
India Cements surges 22% in two days on heavy volume in weak market
Share price of India Cements soared 9% to 359 on the BSE with a combined 35.96 million shares representing 11.6% of the company's total equity changing hands on the NSE and BSE on Thursday.
In the 1-year period, Titan Company and Kalyan Jewellers India have delivered returns of 17% and 13%, respectively. However, their mutual fund ownership reflects contrasting investment strategies. Here are the top 5 schemes with the highest exposure to each jewellery stock.
RBI MPC: Rate cuts off the table, focus shifts to inflation control
The Reserve Bank of India's Monetary Policy Committee (MPC) has indicated that rate cuts are improbable in the near term, with headline inflation projected to reach 6 per cent in the third quarter. Minutes from the October meeting reveal growing concerns among members about inflation spreading beyond food and fuel, leading to a shift in policy stance towards calibrated tightening.
360 ONE allots 4.8% stake to UBS AG following warrant exercise
UBS AG had subscribed to 20,502,939 warrants on a preferential basis under an agreement with 360 ONE
TTML narrows Q2 loss to 59 crore, revenue up 8%; stock surges 9% on results day
Revenue from operations rose 8.2% year-on-year to 309.65 crore; the stock jumped 9.26% to 35.03 on the NSE by early afternoon on volumes of over 9.16 crore shares
HDFC Bank has faced a turbulent year marked by governance concerns, its former chairmans abrupt exit, scrutiny of Dubai operations, post-merger profitability challenges and CEO Sashidhar Jagdishans departure. A fresh probe into alleged leaks of confidential information adds to the challenges awaiting incoming chief executive Anup Bagchi as the bank seeks to restore investor confidence.
22, 24 carat Gold prices down across other cities on October 22
Todays Gold Rate in India October 22: Gold prices down in Delhi, Mumbai, Kolkata, Chennai, Bengaluru
22, 24 carat Gold prices down across metro cities on October 22
Stock crash alert! eMudhra shares plunge 37% in just two sessions. Whats unfolding?
eMudhra shares plunged 37% in two sessions after a critical security incident involving compromised private keys linked to eight intermediate Certificate Authority certificates. MeitY said its Indian digital signature and eSign services remain unaffected. The affected global TLS business contributes around 1% of revenue, but reputational risks remain.
Meta Q3 Earnings: AI spending, revenue beat & new stock class
Meta Platforms beat third-quarter revenue estimates as advertising growth lifted sales 26% to $64.6 billion. However, rising capital expenditure on artificial intelligence, negative free cash flow and a new non-voting share class put the spotlight on investment returns and shareholder implications.
IHCL to reach 700 hotels by FY27, revises revenue guidance
Indian Hotels Company Ltd (IHCL) is set to achieve its target of 700 hotels by fiscal year 2027, significantly ahead of its original 2030 goal, driven by strong financial performance and strategic expansion plans, including the merger of Oriental Hotels Ltd.
Never a dull moment! Why Jefferies raised Eternals target price after Q2 earnings
Jefferies raised its target price on Eternal to Rs 430 from Rs 415, implying around 38% upside from its previous close of Rs 312.35. The brokerage cited Blinkits faster store expansion and improving unit economics, food delivery growth of over 20%, and rising confidence in District.
The Income Tax Act, 2025, replaced the 1961 law on April 1, 2026, but outstanding tax dues, pending refunds, and earlier assessments do not automatically disappear. Here's how both laws will operate during the transition and what taxpayers need to know.
NCDEX launches NDEX and FINNDEX indices to foray into equity and derivatives markets
NCDEX has launched NDEX and FINNDEX, two rule-based indices covering large and liquid Indian equities and financial sector stocks. The benchmarks use a multi-factor methodology incorporating market capitalisation, liquidity, beta and volatility, with semi-annual rebalancing.
Ashish Kacholia portfolio: Ace investor adds 3 new stocks, trims stake in 13 companies in Q2
Ace investor Ashish Kacholia reshuffled his Rs 3,000 crore portfolio in Q2FY27, adding three stocks, increasing stakes in two companies and trimming holdings in 13 others. The changes include new bets on ESDS Software Solutions, Ardee Industries and Credent Connect N Care, while Fineotex Chemicals and Brand Concepts may have been exited.
Global Market: China's yuan hits more than four-year high against dollar
In a remarkable turn of events, China's yuan has surged against the US dollar, hitting levels unseen in over four years. This strength is linked to a declining dollar and prevailing central bank strategies. Although the People's Bank of China set a midpoint lower than anticipated, its actions aim to moderate currency appreciation. Analysts believe the yuan's resilience may hinge on sustained export performance and domestic demand influences.
Indias copper demand up 12% in FY26 at 2,100 KT led by automotive, infra & realty sectors
Copper remained central to sectors such as infrastructure, automotive and building and construction sectors through its use in wires and cables
Finance Ministry to invite comments on amended GST return forms from Nov 1
The Council approved enhancements in GST Forms GSTR-1/1A/IFF to enable better reconciliation of the details furnished in these forms with the details reported in the returns in monthly tax payment form GSTR-3B
Morgan Housels The Art of Spending Money argues that good spending supports personal happiness rather than status or approval.
Nestl India drops 3% as senior management reshuffle hits sentiment
The stock opened at 1,210, touching an intraday low of 1,184 not far from its 52-week low of 1,159.40 hit in April 2026
Balkrishna Industries jumps 4% on inking deal with Italy-based Pirelli
Balkrishna Industries stock traded at its highest point in October after the company inked an agreement with Pirelli to produce 800,000 branded premium car tyres in India.
eMudhra shares crash 20% to 52-week low after govt orders security probe
On the NSE, the stock tumbled 19.91% to 346 apiece; the scrip of the company tanked 19.63% to 346.85 per share on the BSE
HDFC Bank is investigating suspected leaks of confidential information concerning regulatory action in Dubai, MSRDC-related fees and senior-management disagreements.
Swiggy slips 26% in 1 month, hits record low; stock down 46% from IPO price
Foreign portfolio investors reduced their holdings in Swiggy to 8.55% in the September 2026 quarter, down from 13.96% at the end of the June 2026 quarter, the shareholding pattern shows.
The three mutual fund myths that cost investors the most
Investors frequently mistake a lower NAV as a cheaper option, but the actual value remains the same. NFOs are not inherently better than existing funds, as they lack performance history. Smaller funds may provide better returns in certain situations, but this is not universally true. The key factors to consider include the fund's investment philosophy and management quality.
Colgate shares fall 2% ahead of Q2 show; eyes on 1st earnings under new CEO
The results will mark the first quarter under new MD and CEO Manish Anandani.
UBS acquires 4.8% stake in India's 360 ONE WAM after warrant conversion
UBS boosted its stake in Indias 360 ONE WAM by about 4.8% after converting warrants and paying the exercise price, expanding its wealth management tie-up
Adani Green Energy shares fall 4% after Q2 results. What are Jefferies, JM Financial saying?
Adani Green Energy reported a 15% year-on-year rise in Q2FY27 net profit to Rs 673 crore, while revenue grew 39% to Rs 4,520 crore. Shares fell 4% after the results. Jefferies maintained its Buy rating, while JM Financial retained Add, citing growth opportunities and operational challenges.
Fusion CX shares list at 5.5% premium over IPO price on NSE
The stock debuted at 292, marking a 1.04% premium on the BSE, while it opened at 305 apiece, up by 5.54% on the NSE
Jio Platforms IPO: Retail quota full, subscribed 3.47 times on day two
The $3.2 billion IPO drew bids for 3.47 times the shares on offer on its second day, led by qualified institutional buyers whose quota was subscribed 9.42 times, exchange data showed
India's West Asia oil imports return to pre-war levels in September
Refiners snapped up spot cargoes as West Asian producers and traders cranked up shipments through the Strait of Hormuz, easing supply constraints caused by the Iran war
Retail portion of Jio Platforms' IPO fully subscribed
By 11:00 am, the retail individual investors category got fully subscribed.
Lam Research Stock: Why did LRCX shares fall despite record profits?
Lam Research posted record revenue of $8.22 billion, driven by AI infrastructure and memory chip demand. Supply constraints, declining China revenue contribution and cautious outlook weighed on investor sentiment despite strong earnings.
HDFC Bank shares near 52-week low amid insider leak probe
Veteran ICICI Group executive Anup Bagchi is set to assume the role of chief executive on October 27, inheriting a bank navigating multiple leadership upheavals simultaneously
NCDEX launches NDEX, FINNDEX in push to become multi-segment exchange
NDEX tracks 20 large and liquid stocks while FINNDEX covers 15 financial companies, as the exchange expands beyond agricultural commodities into equities
Best balanced advantage funds or dynamic asset allocationfunds to invest in October2026
Balanced advantage funds have attracted interest from new investors due to their dynamic management of equity and debt exposure. These funds adjust investments based on market conditions and valuations to mitigate risks. Despite their flexible nature, these funds are not entirely safe and can experience volatility. Investors are advised to have a long-term horizon of at least five years.
Indian bonds steady after RBI minutes signal more rate hikes
Indian bond yields remain steady at approximately 7.45%, influenced by growing inflation anxieties. The Reserve Bank of India recently increased the repo rate to 5.50%, hinting that further hikes may follow. With climbing oil prices and food inflation heightening economic concerns, analysts speculate another increase may occur in December, before a potential pause. The elevated energy costs pose significant challenges for India's economy, affecting the rupee and government finances.
Starting a SIP in October? These mutual funds suit high-risk investors
Halwasiya increases stake PC Jeweller again, pumps in 175 crore in two equity transactions
The latest acquisition follows his earlier purchase of 5.10 crore shares of PC Jeweller on October 15 at 14.43 per share, involving an investment of about 74 crore
Small-cap funds see better score on liquidity stress-test. What does it mean?
Estimates show small-cap funds have shortened their portfolio liquidation time this year due to higher stock trading volumes, despite managing 30% more assets.
India's big-money investors face a new wild card
Private equity investors in India are integrating artificial intelligence into their investment analysis and strategies. AI is being utilized to assess how it will impact revenues and competitive positions of companies. Investors are now focusing on AI capabilities and their potential to create value in various sectors. Additionally, AI is influencing negotiations by uncovering weaknesses quickly and enabling better assessments of business strength.
Global Market: Nokia Q3 profit beats estimates on AI demand, maintains 2026 outlook
Nokia reported stronger-than-expected third-quarter operating profit and revenue growth, driven by rising demand from AI and cloud customers. Order intake from these segments surged 118% year-on-year, while the company maintained its full-year financial outlook.
SRF extends slide to 5th day, falls 5% to hit 52-wk low on Q2 margin miss
Today's selling in SRF was seen despite the company reporting a 31 per cent Y-o-Y increase in consolidated net profit to 509.12 crore for the quarter ended September.
Gold and silver prices fell sharply on the MCX on Thursday, with gold declining Rs 2,000 per 10 grams and silver dropping Rs 5,700 per kg. Investors are tracking the US Federal Reserves upcoming policy meeting and inflation data, while analysts advise long-term investors to accumulate gradually and traders to await stability.
Deepinder Goyals Dark.ai could be Eternals dark horse, but is it too early to bet?
Eternals Dark.ai, a privacy-focused AI assistant developed under Deepinder Goyal, could open a new growth avenue for the company. While brokerages see potential in the experimental venture, its commercial viability remains untested. With pricing, monetisation and profitability still unclear, investors may have to wait before assessing its earnings potential.
Global Market: Hong Kong stocks slump to four-month low as China stimulus hopes fade
Hong Kong stocks plunged to a four-month low, while mainland Chinese blue-chip shares approached bear-market territory as technology stocks sold off. Weak stimulus expectations, concerns over economic imbalances and broader AI-related market losses weighed on investor sentiment.
Central government employees and pensioners are still awaiting the July 2026 dearness allowance (DA) and dearness relief (DR) revision. Despite recent Cabinet meetings and bonus announcements, the Centre has not confirmed the hike, revised rate or arrears payment timeline.
BL Morning Report | Top Business & Market Headlines Today | October 22, 2026
BL Morning Report, October 22, 2026: Get todays top business news, market headlines and the latest updates from India and global markets.
Stock Markets Today: Sensex, Nifty Down as Power, Metal Drag
Indian equity benchmarks Sensex and Nifty experienced a decline in early trade, primarily due to a sell-off in power and metal stocks, mirroring a broader downturn across Asian markets. Elevated crude oil prices and firm US bond yields further dampened investor sentiment, while an expert warned of an impending correction in overvalued mid and small-cap segments. Track Sensex, Nifty on October 22.
Where to invest Rs 10 lakh amid market volatility? Experts weigh in
Global Market: Japanese bond yields fall to multiweek lows ahead of BOJ meeting
Japanese government bond yields fell to multiweek lows on Thursday as geopolitical tensions and inflation concerns boosted safe-haven demand. The 10-year yield dropped to 2.88%, while investors awaited the Bank of Japans policy meeting, with markets weighing potential rate hikes and global economic uncertainties.
Need an air ambulance? Your health policy may not cover the full cost
Air ambulance cover varies widely across health policies, with sub-limits, approval requirements and claim conditions. A few clauses can determine whether families pay lakhs out of pocket.
Mahindra Finance tanks 10%, hits 52-week low despite 55% surge in Q2 profit
Mahindra Finance's share price hit a 52-week low of 268 on the NSE in Thursday's trading session despite reporting 55% surge in Q2 standalone profit to 882 crore.
Global Market: Indonesia imposes record $117 million in fines for stock market violations
Indonesias financial regulator imposed record fines of 2.1 trillion rupiah ($116.67 million) for trading violations involving three listed companies. The crackdown targets stock manipulation and IPO disclosure breaches, addressing concerns over market transparency following MSCIs warning about potential downgrade of Indonesian equities from emerging-market status.
Q2 result impact: IGIL shares hit 10% upper circuit; PAT up 43% to 185 cr
For the September quarter, IGIL reported a consolidated PAT of 185.8 crore, up 43 per cent Y-o-Y, on healthy demand and strong operational execution.
Chinese stock market enters bear territory! CSI 300 index crashes 20% from June peak
Chinas CSI 300 index entered bear market territory on Thursday, falling 20% from its June peak amid concerns over taxation policies, slowing economic growth and weak corporate earnings. Geopolitical uncertainty and fears of an artificial intelligence bubble have added to investor anxiety, though some analysts expect a potential rebound in 2027.
Want To Personalise Your Luxury Car?
Luxury car buyers in India are spending lakhs -- and sometimes crores -- to make their cars truly their own, turning personalisation into a growing business opportunity for automakers.
Paras Healthcare IPO Day 2: GMP at 4%; check subscription status and key details
Paras Healthcare has launched its IPO, starting on October 21 and concluding on October 23. By October 22, participation had reached only 15% overall, yet retail investor involvement surged to 69%. The funds raised are intended for debt repayment and general corporate uses. In Fiscal Year 2026, Paras Healthcare reported a notable profit of Rs 44 crore. Shares are expected to be listed by October 28, 2026.
Indian Hotels gains 3% as analysts raise earnings estimates, target post Q2
Indian Hotels' Q2 consolidated profit rose 23 per cent to 349 crore, while its revenue saw a 21 per cent year-on-year (YoY) growth to 2,566 crore.
KEI Industries shares tumble 8% despite Q2 profit rising 29%, revenue up 39%
KEI Industries shares fell despite strong Q2 FY27 results, with net profit rising 29% and revenue growing 39% year on year. Growth was supported by domestic wires and cables demand, higher dealer sales and improved profitability in the first half.
M&M Financial Services shares crash 10% after Q2 results. What are Nomura and other analysts saying?
Mahindra & Mahindra Financial Services shares fell sharply on despite a 55% year-on-year rise in Q2FY27 net profit to Rs 882 crore. Nomura lowered its target price to Rs 400 while retaining a Buy rating, citing asset quality concerns and rising funding costs. Motilal Oswal maintained its Buy rating.
Coal supply to power plants to normalise soon, Indian official says
Coal supply to Indian power plants is being increased, with a record 2.6 million tons delivered daily. The number of plants with critically low coal stocks has risen recently, impacting power generation. As hydropower usage declines due to El Nino effects, coal-fired plants face increased pressure. Gujarat has received additional power allocation to manage rising electricity demand effectively. Authorities have requested factories to limit electricity use to prevent potential shortages.
Sensex, Nifty decline in early trade as power, metal stocks drag markets lower
Mumbai, Oct 22 (PTI) Equity benchmark indices Sensex and Nifty declined in early trade on Thursday, dragged down by selling in power and metal stocks amid a broad sell-off across Asian markets. Besides, elevated crude oil prices and firm US bond yields weighed on investors sentiment. The 30-share BSE Sensex plunged 678.90 points, or 0.92 per cent, to 73,030.79 in the morning trade. The 50-share NSE Nifty declined 250.90 points, or 1.10 per cent, to 22,568.10. Among the Sensex constituents, PowerGrid, Bharat Electronics Ltd, Maruti Suzuki India, Tata Steel, Mahindra & Mahindra, HDFC Bank, Asian Paints, Adani Ports, NTPC, Trent,
Rupee falls 12 paise to 94.50 against U.S. dollar in early trade
According to forex analysts, the rupee began trading on a flat-to-lower trajectory due to sluggish domestic equities and surging crude oil prices
PC Jeweller jumps 8% on rise in Q2 profit and debt-free status
The company posted a more than 50% jump in quarterly profit and said it had fully repaid debt owed to a 14-bank consortium.
Lupin, SRF, TMPV, Maruti, NTPC among 74 BSE 500 stocks hit 52-week lows
Benchmark indices traded lower for the third consecutive session on Thursday, as selling across sectors amid elevated crude oil prices and concerns over corporate earnings weighed on sentiment.
Jio Platforms IPO GMP Day 1 Highlights:: Jio Platforms IPO Jio Platforms 30,213-crore IPO opens for subscription on October 21 and closes on October 23.
Fusion CX lists at 5% premium over IPO price after 3.3x subscription
On the BSE, the stock listed at 292, a premium of 1.04 per cent, while on the NSE, the stock made its debut at 305, a premium of 5.54 per cent.
Rupee falls 12 paise to 94.50 against US dollar in early trade
Mumbai, Oct 22 (PTI) The rupee depreciated 12 paise to 94.50 against the US dollar in early trade on Thursday, weighed down by weak domestic markets and elevated crude oil prices. According to forex analysts, the rupee began trading on a flat-to-lower trajectory due to sluggish domestic equities and surging crude oil prices. However, the downside remained cushioned by a softer US dollar and declining US Treasury yields. At the interbank foreign exchange market, the rupee opened at 94.47, then lost ground to touch 94.50, lower by 12 paise over its previous close. On Wednesday, the rupee surged 53 paise
