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Bank branches across India will remain open on Saturday, 31 October 2026, as it is the fifth Saturday of the month. However, a state-specific holiday will affect banking operations in certain regions. Check city-wise closures for SBI, HDFC Bank, ICICI Bank, and others.
Wall Street drops to its worst day since June after the sell-off for tech stocks deepens
Wall Streets tech sell-off deepened on Friday as investors questioned whether massive spending on artificial intelligence will deliver enough returns to justify lofty valuations. The S&P 500 fell 1.8% and the Nasdaq 2.9%, with Intel plunging nearly 29% and Nvidia down 4.2%, while bitcoin also slid after a major hack at Binance.
India flags global energy disruptions caused by sanctions and chokepoints
Speaking in Atlanta, the External Affairs Minister highlighted the growing impact of energy market distortions on low-income countries and India
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.
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.
US stocks tumbled on Friday as disappointing results from Intel and Amazon reignited concerns over rising artificial intelligence spending and uncertain returns. The Nasdaq recorded its biggest single-day percentage decline since June 5. Technology stocks led losses, while the S&P 500 and Nasdaq also ended October in negative territory.
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.
Reddit stock plunges 30% as Google's AI search threatens traffic and user growth
Reddit shares plunged 23% after the company warned that Google's AI powered search features were hurting referral traffic and could lead to a decline in daily active users. Pinterest also fell after issuing a weaker revenue outlook, as pressure on European cross border sellers weighed on its business and growth expectations.
The court has imposed a penalty of 25 lakh on the builder and directed them to deposit the amount into the account of the Gulmohar Greens Residents Welfare Association within one month.
Sitharaman says NDA revived IDBI Bank after UPA-era bad loan crisis
In response to Rahul Gandhi's opposition to IDBI Bank's privatisation, Nirmala Sitharaman stressed the successful recovery of the bank thanks to the NDA government's strategies. She pointed to the previous UPA government's fiscal mismanagement, which caused notable losses. Sitharaman also discussed the reviewed valuation process for the stake sale, criticising Gandhi for his attempts to politicize banking matters and the undue stress placed on bank staff during earlier administrations.
Diwali celebrations can increase the risk of fires from diyas, candles, firecrackers and electrical faults. Here's how to financially protect yourself from such incidents.
Noida Authority has amended its Master Plan 2031 to create space for pending 5% residential plots for farmers. Nearly 13,000 claims remain unresolved, but public objections and state approval are still required.
Global tech giants' spending spooks investors and drives bonds rally
US bonds rally as investors question returns on massive AI investments; crypto slides after Binance hack concerns, while oil rises on Strait of Hormuz risks
Sebi imposes 1 crore fine on CDSL for multiple compliance lapses
Markets regulator Sebi on Friday imposed a penalty of Rs 1 crore on Central Depository Services (India) Ltd (CDSL) for multiple compliance lapses, including failure to communicate reasons for rejection of pledge requests to the depository participants (DPs) of both the pledgor and pledgee and shortcomings in disaster recovery drills. CDSL has been directed to pay the penalty within 45 days, failing which recovery proceedings may be initiated. In its 102-page order, Sebi said CDSL had violated several regulatory requirements during FY2023-24, following an inspection of its operations. The violations included failure to communicate reasons for rejection of pledge requests to the depository participants of both the pledgor and pledgee, non-compliance with prescribed procedures for handling Client Unpaid Securities Accounts (CUSA), inadequate measures to prevent unauthorised data transmission and shortcomings in disaster recovery operations. The regulator also found that CDSL had faile
Sitharaman slams Cong on IDBI Bank divestment, cites UPA 'misuse'
Finance Minister Nirmala Sitharaman has strongly criticised the Congress party and the previous UPA government amidst the row over IDBI Bank's divestment, alleging they used banks and financial institutions as personal entities and pressured employees to extend loans bypassing prudent norms. She defended the current government's decision to sell a stake in IDBI Bank to Fairfax, stating it was revived through professionalism and recapitalisation.
Markets hit 6-month high in Oct on IT rally, Jio Platforms IPO frenzy
Nifty gains 1.9% in October, led by IT stocks and Jio Platforms' listing, but losses in mid- and small-cap shares expose the narrow nature of the market rally
Intel stock plunges 30% as weak PC demand and AI costs trigger global chip selloff
Intel shares plunged 30% after the chipmaker issued a weak fourth-quarter revenue forecast and warned of negative cash flow for the year. The warning triggered a global semiconductor selloff, with Nvidia, AMD and other chip stocks declining as weak PC demand and rising AI infrastructure costs weighed on sentiment.
RIL diversifies crude sourcing, redirects exports amid Middle East disruptions
Diversified crude supplies and a shift in export destinations helped the company navigate disruptions and capture stronger refining margins during the quarter
Sun Pharma Q2 profit falls 36% as litigation costs hit earnings
Sun Pharma reported a 36% decline in Q2FY27 net profit to Rs 1,989 crore due to exceptional litigation and acquisition-related costs. Revenue grew 11.8%, supported by strong domestic and emerging market sales, while US formulations weakened.
Reliance posts record quarterly profit as O2C, Jio power Q2
Reliance Industries Ltd reported a record quarterly profit of Rs 29,550 crore for July-September, a 33.8 per cent increase year-on-year, primarily fuelled by a surge in global fuel margins for its oil-to-chemicals business and robust growth in its telecom arm, Jio, which recently completed India's largest IPO.
Syrma SGS reports best-ever quarter; Q2 revenue up 73% to Rs 1,999.5 crore
Syrma SGS Technology reported an 87.2% increase in consolidated net profit for the quarter ending September 2026. Consolidated revenue increased by 73.2%, reaching a record high of Rs 1,999.5 crore. The companys exports grew by 91% year-on-year, showcasing strong international demand. Investments are planned in collaboration with Kaga Electronics to enhance the domestic supply ecosystem.
ANVI signs 5,000-crore MoU with Goa for LPG terminal to boost Indias cooking gas security
The proposed facility will connect the US Gulf Coast with Indian markets, offering an alternative supply route amid geopolitical disruptions.
Zee Entertainment Q2 profit drops 40% to Rs 46 crore as EBITDA margin contracts to 3.2%
Zee Entertainment Enterprises reported a 40% decline in consolidated net profit for the quarter ended September 30, 2026. Operating revenue increased by 13%, largely due to growth in subscription revenue supported by the FIFA World Cup 2026. Total expenditure rose by 18% primarily driven by increased programming and promotional costs. ZEE5, the company's streaming platform, showed significant growth by doubling its revenue year-on-year.
UPI Goes Global: Book Dubai, Singapore Attractions Online
Indian tourists can now use the Unified Payments Interface (UPI) to book tickets online for Dubai's Burj Khalifa and major attractions in Singapore, including Universal Studios. This initiative, facilitated by NPCI International Payments Ltd (NIPL) through strategic partnerships, aims to simplify international travel payments for Indians and strengthen digital and economic links with these countries.
Lodha Developers H1FY27 net profit soars 63%, expects to beat full-year guidance
Lodha Developers reported a 63% rise in first-half FY27 profit to Rs 2,386 crore, driven by strong property sales and market expansion. The developer expects to exceed annual profit guidance while pursuing data centres to boost recurring income.
The 8th Pay Commission has completed its scheduled Mumbai meetings. Several organisations have proposed annual increments above the current 3%. Here's what a 7% annual increment means for level 9, 10 and 11 employees?
Spandana Sphoorty returns to profit at Rs 18 crore in Q2FY27
Spandana Sphoorty Financial reported consolidated Q2 profit of Rs 18 crore, reversing a Rs 249 crore year-ago loss. Assets under management grew 31% to Rs 5,364 crore, while improving asset quality reduced gross and net NPAs.
Bank of Baroda Q2 profit jumps 36% to Rs 6,532 crore on NSE stake sale
Bank of Baroda reported 36% year-on-year profit growth to Rs 6,532 crore in Q2FY27, boosted by NSE stake sale gains and higher interest income. The lender raised annual credit and deposit growth guidance amid strong loan demand.
The expansion of renewable energy capacity, rapid urbanisation and rising electricity consumption from data centres are expected to create significant investment opportunities across the power transmission and electrical equipment sectors.
A passenger booked a train ticket for a journey on August 20. He cancelled the ticket more than 48 hours before the journey. Here's what happened next.
Record earnings! 5 big takeaways from RIL Q2 results investors should watch for Monday trading
Reliance Industries reported record Q2FY27 profit of Rs 29,550 crore and revenue of Rs 3.62 lakh crore, driven by strong refining margins and Jio growth. Retail profitability weakened, while declining debt improved the conglomerate's financial position.
Bank loans against fixed deposits surge 53% to Rs 2.17 lakh crore on FCNR-B leverage play
By the close of September, loans against fixed deposits experienced a striking 53% year-on-year spike, reaching Rs 2.17 lakh crore. The demand for gold loans soared to an astonishing 82.6% increase, showcasing robust customer interest throughout India. Personal loans appreciated by 17.3%, hitting Rs 74.3 lakh crore, complemented by growth in agricultural and industrial credits. Overall, the banking sector reported a 19.4% expansion in total credit, amounting to Rs 229.
Q2 Results Today, 30th October 2026 Highlights: businessline brings to you latest Q2 announcements, earnings updates and more.
The government transferred 18,690 crore to more than 9.34 crore farmers in PM-KISANs 24th instalment. Payments are made directly to bank accounts after state verification, Aadhaar and bank validation, PFMS checks and approval, as per the central govt.
Cognizant's OpenAI Group To Scale AI Solutions
IT services giant Cognizant has established its 'OpenAI Frontier Capability Group', comprising over 25,000 professionals. This new group aims to deliver OpenAI products like Codex and ChatGPT to clients, helping enterprises integrate advanced AI models into their core operations. Cognizant is also scaling OpenAI internally across its sales and customer success functions.
Indias crude oil imports set to hit record 5.4 mb/d in October
West Asia supply recovery, Atlantic cargoes bolster crude intake significantly
Reliance Retail Q2 Results: The company's gross revenue increased 6.4% YoY to Rs 91,716 crore in Q2FY27, compared with Rs 86,169 crore in the year-ago period. The growth came despite the absence of major festive occasions during the quarter, with the festive calendar shifting to the December quarter.
Bengaluru recorded 11.5% annual growth in prime office rents in Q3 2026, matching Tokyo, while Mumbai saw a 33% jump in leasing transactions, with year-to-date volumes already exceeding its full-year 2025 total, according to Knight Frank.
Reliance Industries Q2 Results: Profit shoots up 41% YoY to Rs 25,548 crore, revenue surges 29%
Reliance Industries Q2 Results: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a 41% year-on-year (YoY) growth in consolidated net profit to Rs 25,548 crore for the September quarter of FY27, compared with Rs 18,165 crore in the corresponding period last year.
Banks in Ahmedabad will remain closed on October 31 for Sardar Vallabhbhai Patels birth anniversary, though banks elsewhere in India will remain open. Details here.
Govt sets up banking committee on reforms
Centre on Friday constituted a six-member High Level Committee on Banking for Viksit Bharat to review India's banking sector and recommend structural, regulatory and institutional reforms to prepare it for the country's development goals by 2047.The committee will be chaired by Suresh N. Patel, former Central Vigilance Commissioner, and will include Reserve Bank of India (RBI) Deputy Governor Shirish Chandra Murmu, former Indian Bank MD and CEO Padmaja Chunduru, and former RBI Deputy Governor N S Vishwanathan as members. The Joint Secretary (Banking) in the Department of Financial Services will serve as its Member Secretary.The committee will have six months to complete its work. Its formation follows the announcement made by Finance Minister Nirmala Sitharaman in the Union Budget 2026-27.The panel has been tasked with examining the existing banking framework and recommending changes to make Indian banks more globally competitive, financially inclusive and resilient as the country works towards the Viksit Bharat 2047 goal.Panel to examine banking regulations, capital requirementsThe committee will assess existing banking practices and prudential norms against global standards and identify practices that could be adapted to the Indian banking system. It will also prepare a roadmap for developing globally competitive banks.Its review will extend to the regulatory and legal frameworks governing banks, including Regional Rural Banks (RRBs) and cooperative banks. The panel will suggest changes aimed at improving operational efficiency and making banking easier for businesses and customers.Another key area of its mandate is the long-term capital requirement of the financial system. The committee will examine the funding needs of banks, Development Financial Institutions (DFIs) and Non-Banking Financial Companies (NBFCs), and recommend potential funding sources and mechanisms to support credit growth.It will also study differences in the cost of capital for businesses and suggest policy measures to encourage private investment and support sustainable economic expansion.AI adoption, priority sector lending also on agendaThe committee will draw up a roadmap for the adoption of artificial intelligence and digital innovation across banking institutions, while recommending safeguards against cyber risks.Its mandate also covers talent acquisition and capacity building, with a focus on ensuring that banks have the workforce and skills needed to adapt to technological changes.The panel will review the Priority Sector Lending (PSL) framework and the Lead Bank Scheme to assess whether they remain relevant and effective in delivering credit. It will examine how these mechanisms can improve coordination and support more inclusive, balanced and data-driven lending in line with changing economic priorities and financial inclusion objectives.The government has also left room for the committee to examine any other banking-related matter that may be referred to it.
PB Fintech's UAE insurance business grows 19-fold as it looks beyond motor cover
PB Fintech has achieved impressive growth within the UAE insurance landscape, notably boosting its premium volumes since FY22. With a strategic plan in place, the company intends to diversify its offerings by introducing health and life insurance solutions geared towards NRIs. Key features will include cross-border protection and simplified claims processing.
Bengaluru matches Tokyo with 11.5% office rent growth in Q3: Knight Frank
Bengaluru matched Tokyo with 11.5 per cent annual growth in prime office rents in Q3 2026, while Delhi-NCR and Mumbai recorded gains of 5.4 per cent and 4 per cent
Milky Mist H1 PAT grows 308.4%
Same family, different fate: Why Jio Platforms isnt RPower redux
Contrasting fortunes. Unlike Reliance Powers troubled debut, Jios valuation, pricing and management response point to a different trajectory
Indias battery cell push stalls: Everything you need to know
US stocks today: Nasdaq tumbles over 2%, S&P 1% at open as Amazon, Intel add to AI spending woes
The Nasdaq opened at its lowest level in more than two months on Friday, after Amazon's aggressive AI spending plan and Intel's cash burn warning intensified investor concerns about
PSU banks cut fresh deposit rates more sharply than private lenders in September: RBI data
In September, public sector banks cut their interest rates on fresh term deposits by 10 basis points. Private sector banks only reduced their rates by six basis points during the same period. Fresh rupee loan rates declined by six basis points at public sector banks while private banks maintained their rates. The weighted average lending rate for fresh loans fell to 8.51% from 8.61% in August.
Jio Platforms shares surge 28% since market debut
The stock of the country's second most valuable firm by market capitalisation jumped 27.89% to 1,431.20 from the issue price of 1,119 on the BSE
Jio Platforms shares surge 28% since market debut
The stock of the country's second most valuable firm by market capitalisation jumped 27.89% to 1,431.20 from the issue price of 1,119 on the BSE
Trai proposes mandatory AI policies, incident reporting for telcos
Trais draft AI governance guidelines seek board-approved AI policies, risk-based classification, human oversight and mandatory reporting of serious AI-related incidents, while holding telecom operators accountable for outcomes even when systems are sourced from third-party vendors.
Brokers call: Interglobe Aviation (Long)
Equirus Securities
NTPC Green Energy Q2 Results: Profit jumps 56% YoY to Rs 137 crore, revenue rises 53%
NTPC Green Energy reported a 56.2% year-on-year rise in Q2FY27 net profit to Rs 137.5 crore, driven by 53.2% revenue growth. EBITDA margins improved, while new solar capacity boosted its operational renewable energy portfolio.
Big dividends, bigger losses? The hidden risk in Wall Street's highest-yielding stocks
Several US stocks offer dividend yields exceeding 10%, led by mortgage REITs Annaly Capital Management and AGNC Investment above 16%. However, significant share-price declines highlight risks surrounding dividend sustainability, payout ratios, debt and overall investment returns.
TRAI's AI Rules For Telecom: Key Details
TRAI has proposed a comprehensive draft framework for the responsible use of artificial intelligence in telecom networks. The guidelines mandate service providers to adopt board-approved AI policies, establish dedicated governance and safety committees, and report serious AI-related incidents to the regulator. Entities will be accountable for AI system outcomes, classify AI risks, ensure human oversight, and maintain inventories of all AI systems.
Margin pressures remain a major headwind for Asian Paints stocks
Asian Paints' revenue growth beat estimates in Q2FY27, but rising raw material costs, intense competition and volatile crude oil prices could weigh on margins and stock gains.
Bank of Barodas FCNR(B) deposits surge nearly sixfold to Rs 1.03 lakh crore
Bank of Baroda's FCNR-B deposits rose to 1.03 lakh crore as of September 2026, reflecting substantial growth. The overall global deposits of the bank increased 16.4% year-on-year to reach 17.45 lakh crore. Domestic deposits also saw a marked increase of 16.6%, driven by term deposits growing 20.5%. Additionally, the bank reported a 35.8% rise in standalone net profit for the second quarter of FY27.
The National Social Security Board will design, monitor, and recommend targeted welfare schemes for the informal workforce in India. It is for unorganised, gig and platform workers.
Bank credit growth outpaces deposits at 17.94%
Bank credit expanded 17.94 per cent year-on-year to reach Rs 232.54 lakh crore for the period ending October 15, exceeding the 16.6 per cent deposit growth rate, according to Reserve Bank of India (RBI) figures released Friday.Data reveals bank deposits rose to Rs 284.37 lakh crore by October 15, 2026, up from Rs 243.88 lakh crore on October 17, 2025marking a 16.60 per cent annual increase.Reserve Bank of India (RBI) records indicate bank credit climbed to Rs 232.54 lakh crore as of October 15, 2026, compared to 197.17 lakh crore on October 17, 2025, recording a 17.94 per cent rise.Also read: Banks must go beyond lending to unlock Bengal's industrial potential: NITI Aayog's Ashok LahiriThis accelerated credit growth was driven by buoyant banking system liquidity during early October alongside India's festive season demand. The sector experienced strong liquidity inflows following substantial deposits collected through banks under the RBI's concessional FCNR (B) scheme.RBI data shows banking system liquidity surplus hovered between Rs 2 lakh crore and Rs 4.5 lakh crore throughout the October 115 period.During August and September, system liquidity expanded noticeably following initiatives aimed at encouraging foreign capital inflows. Based on net positions under the LAF, daily liquidity surplus averaged Rs 5.9 lakh crore after the August 2026 MPC session.Average daily net absorption under the LAF surged from Rs 1.2 lakh crore in July 2026 to Rs 5.8 lakh crore in August, climbing further to Rs 7.8 lakh crore in September.Additionally, commercial bank holdings in central and state government securities expanded 9.64 per cent year-on-year to Rs 77.32 lakh crore as of October 15, 2026, compared to Rs 70.53 lakh crore on October 17, 2025.Central government securities comprised the dominant share of these holdings, rising to Rs 77.12 lakh crore by October 15, 2026, up from Rs 70.42 lakh crore in the prior year, RBI data confirmed.
DA now at 63%: Will the latest hike increase your HRA too, or only your monthly salary?
A DA and DR hike from 60% to 63% will benefit central government employees and pensioners, with the revised rates effective July 1, 2026. Monthly DA gains vary by basic pay, while HRA remains unchanged because the latest increase does not cross a threshold for revising HRA rates.
India bonds buckle for fourth straight month on oil's climb
Indian government bonds ended October with losses, marking a fourth consecutive decline in bond yields. Brent crude oil prices surged, raising inflation concerns for the country. The Reserve Bank of India raised its policy rate for the first time in nearly four years this month. Foreign investments in Indian bonds fell to a four-month low, causing further concerns about the rupee's performance.
As part of its strategy to strengthen its presence in the luxury housing segment, the company has launched M3M Black Circle, an exclusive, invitation-only privilege platform aimed at extending the luxury homeownership experience beyond residential properties
Indias forex reserves fall by $1.269 billion to $719.748 billion
The latest decline follows a previous weekly fall, with foreign currency assets, gold reserves and Indias IMF position showing mixed movements.
Bank of Baroda Q2 Results: Standalone profit jumps 36% YoY to Rs 6,532 crore; NII up 9
Bank of Baroda reported a 35.8% year-on-year rise in standalone net profit to Rs 6,532 crore in Q2FY27. Net interest income grew 9% to Rs 13,026 crore, while asset quality improved, with the gross NPA ratio declining to 1.78%. Global advances and deposits also recorded double-digit growth.
Google workforce rises to 204,757 in September 2026 despite tech sector layoffs; Wiz acquisition adds 2,000 employees
Coforge among 6 stocks hitting 52-week highs; rally up to 20% in a month
Six BSE 200 stocks, including Coforge, Indian Hotels and Kotak Mahindra Bank, hit fresh 52-week highs as the Sensex rallied, with monthly gains reaching 17%.
Sensex, Nifty, Share Prices Highlights: Equity benchmark indices Sensex and Nifty rallied for the second straight session on Friday, supported by robust buying in IT firms and earnings-driven demand in the Tata Group's retail arm Trent.
8 midcap stocks with over 100% profit growth in Q2FY27
Eight NSE midcap stocks recorded over 100% year-on-year profit growth in Q2FY27, led by Max Financial Services, One97 Communications and Poonawalla Fincorp, according to StockEdge data.
With Indias Nifty 50 down nearly 12% this year, investors are looking abroad, including to US stocks. Here's what Indian residents should keep in mind before putting money in US companies.
Aditya Birla Capital Q2 profit rises 38% to Rs 1,288-cr
Aditya Birla Capital reported an impressive 38% profit increase for the September quarter of FY27, with profit after tax soaring to Rs 1,288 crore, up from Rs 933.52 crore year-over-year. Operational revenues also climbed significantly, reaching Rs 14,003 crore. Lending assets under management witnessed a robust 32% growth to Rs 2.34 lakh crore, while shares gained 1.75% on the Bombay Stock Exchange.
The Nifty 50 rose 0.51% to close at 23,053.10 on Friday, while the Sensex gained 308 points to 74,459.53. Trent and InterGlobe led the gainers, while Shriram Finance and Nestle India topped the Nifty losers. Broader markets remained weak, with midcap and smallcap indices falling up to 2%.
SEBI will make direct mutual fund plans the default option on AMC digital platforms from November 1. With regular plans still accounting for 63.3% of retail mutual fund AUM, experts explain why investors choose them and how the new rule could impact them.
Elon Musk says saving money for the distant future could become pointless as AI and robotics create an era of unprecedented abundance. He believes superintelligent AI could make work optional, drive down the cost of goods and services, and reduce the importance of money.
SEBI has issued a regulatory censure against Axis Capital, concluding proceedings linked to September 2024 restrictions. The regulator noted no recorded investor harm or fraudulent default, while Axis Bank expects no material business impact.
RBI's FERR norms increase FCNR(B) hedging costs for banks
The Reserve Bank of India's new Foreign Exchange Risk Reserve (FERR) framework is making it more expensive for banks to hedge dollar interest payments on foreign currency non-resident (bank), or FCNR(B), deposits. Banks are now required to set aside cash equivalent to 20 per cent of their exposure, leading to a significant increase in hedging costs and forward premiums.
Rupee rises 33 paise to close at 94.93 against US dollar
The rupee opened at 95.21, then gained ground and touched an intraday high of 94.94 and a low of 95.28 against USD and finally closed at 94.93 (provisional), registering a gain of 33 paise over its last close
Indian market indices Sensex and Nifty ended the week on a high note, each climbing by up to 0.5%. Even as the broader market suffered losses, standout performers like Trent and IndiGo flourished thanks to positive earnings. The Nifty IT index was a highlight, soaring over 2%, while Nifty Consumer Durables fell nearly 2%.
Global Market: European blue-chips set for strongest earnings in four years
European blue-chip companies are projected to report a substantial earnings growth this quarter due to energy sector profitability. Energy companies are expected to post a striking increase in profits linked to higher oil prices. Overall, companies within the STOXX 600 index will likely show a positive earnings performance across various sectors. However, some sectors like real estate and consumer cyclicals may face declining earnings.
GAIL (India) has revealed a whopping 139.3% surge in its consolidated net profit for the FY27 September quarter, showcasing impressive operational revenue growth of 32.7% year-on-year. The board has sanctioned the IPO listing of its subsidiary GAIL Gas Ltd. on Indian stock exchanges, facilitating a 25% equity dilution. In a strategic move, GAIL will also transition six city gas distribution networks to its subsidiary by January 1, 2027.
Nasdaq futures tumble over 2% as Amazon, Intel stoke AI spending concerns
U.S. stock futures tumbled as Amazon's rising AI investments and Intel's cash burn warning heightened concerns over infrastructure costs, borrowing expenses and profitability. Technology stocks slumped, while investors reassessed AI valuations, capital expenditure and sustainable returns.
Binance estimates $6.3 billion security breach impact, user funds safe
Cryptocurrency exchange Binance has estimated the financial impact of a recent security breach at approximately USD 6.3 billion, significantly higher than the USD 3 billion in assets frozen to date. Initial investigations suggest a possible compromise of a DevOps engineer's laptop, though no wallet private key leak has been found.
Banks must go beyond lending to unlock Bengal's industrial potential: NITI Aayog's Ashok Lahiri
NITI Aayog vice-chairman Ashok Lahiri emphasized the need for banks to facilitate connections between businesses and financial resources. He pointed out the low credit-deposit ratio in Eastern India, which hinders investment and economic growth. Lahiri highlighted the importance of investment in infrastructure, industrial expansion, and the MSME sector. Banks could support smaller enterprises with structured credit facilities to help them grow.
Jio Financial Services promoter holding rises to 50.98% after 25 crore share allotment
The latest allotment increases the companys paid-up equity capital to 6,853.14 crore, with total paid-up shares reaching 685.31 crore.
Nifty Pharma index hits record high; Sun, Laurus, Zydus, Sai rally up to 6%
Among others, Mankind Pharma, Ipca Laboratories, Torrent Pharmaceuticals, Divis Laboratories, Cipla and Aurobindo Pharma were up 2% each in Friday's trade.
SC appoints former judge to mediate $2.81 billion Reliance-Centre KG-D6 gas dispute
The decision came after both sides informed the bench led by Chief Justice of India Surya Kant that there had been no progress in settlement efforts.
EPFO invests monthly contributions from employees and employers across government securities, corporate bonds and ETFs. But how does it manage market risks while offering a fixed interest rate? Experts explain its investment process, interest rate mechanism and proposed AIF exposure.
M K Sons Fine Jewels IPO booked 3.50 times so far on final day
The company raised 82.62 crore from anchor investors by allotting 51 lakh equity shares to nine investors at 162 apiece
