SENSEX
NIFTY
GOLD
USD/INR

Weather

image 24    C

National News

Business Standard

National / Business Standard

Tax dept probes Pernod, Diageo Scotch imports under UK trade pact

Tax officials are examining whether bulk Scotch imports qualify for lower duties under the India-UK pact, sources said. Pernod and Diageo said they were cooperating with authorities

19 Oct 2026 8:57 pm
IPO offer document: What to read, what to skip when assessing fundamentals

Do targeted reading of the prospectus to assess an IPO on fundamentals

19 Oct 2026 8:09 pm
1 Finance gets Sebi in-principle nod to launch passive-only MF business

The wealth-tech firm plans to launch its MF Lite fund house in Q4FY27 after meeting regulatory requirements, potentially becoming the first AMC under Sebi's new framework

19 Oct 2026 8:01 pm
Tata Trusts replies on SDTT complaint; Charity Commissioner to decide soon

Sir Dorabji Tata Trust has submitted its response to governance complaints filed by two trustees, with the Maharashtra Charity Commissioner expected to decide the next course of action

19 Oct 2026 7:55 pm
Power ministry launches framework for digitalisation of distribution sector

The CEA framework sets out a five-year roadmap for discoms to adopt smart meters, GIS and AI-based systems, aiming to cut losses, improve reliability and strengthen cyber security

19 Oct 2026 7:52 pm
Alia Bhatt's brand Ed-a-Mamma celebrates Six Years

New Delhi [India], October 19: Ed-a-Mamma, the purpose-driven children's and lifestyle brand founded by actor and entrepreneur Alia Bhatt, celebrates its sixth anniversary this October, marking six years of growth and evolution from a digital-first kidswear brand into a growing multi-category business with an expanding exclusive retail presence across India.

19 Oct 2026 7:45 pm
HERC grants parallel distribution licence to Eleven Power for Gurugram, Nuh

Over 830,000 consumers will get a choice of electricity supplier as Eleven Power builds its network, with Rs 4,717 crore investment planned and supply expected from 2027-28

19 Oct 2026 7:31 pm
CCPA acts against online sale of explosives, delists 3,940 sellers

Dial4Trade and ExportersIndia fined Rs 10 lakh each, while IndiaMART and Justdial face notices as the regulator cracks down on online sales of hazardous explosive substances

19 Oct 2026 7:29 pm
India's smartphone shipments plunge 26% in Q3, worst showing since 2016

Shipments fell to 35.6 million units as rising handset prices weighed on demand; Samsung overtook Vivo to lead the market, while Apple recorded a 20% decline in volumes.

19 Oct 2026 7:21 pm
Bajaj Finance Q2 profit rises 28.7% to 6,367 crore on strong loan growth

Assets under management grew 26%, the fastest pace since the March 2025 quarter, as gold loans doubled and rural consumer finance expanded 63%, supporting quarterly earnings

19 Oct 2026 7:18 pm
South Indian Bank plans to enter credit card business in 6 months: MD & CEO

South Indian Bank MD & CEO Mahesh Pai plans to enter the credit card business within six months, boost retail lending, expand branches and target 15-16% credit growth over the next two years.

19 Oct 2026 7:11 pm
Govt to launch AgriPV support scheme, 5 GW capacity possible: MNRE secy

The proposed central scheme aims to bridge the 25-30% higher cost of AgriPV projects, with capacity addition depending on states notifying feed-in tariffs, says MNRE Secretary

19 Oct 2026 6:55 pm
Treasury gains shrink for banks in Q2 as rising yields hit trading books

Treasury income fell at several major banks in Q2FY27 as bond yields climbed, weighing on other income and profits despite growth in net interest income across lenders.

19 Oct 2026 6:54 pm
RAK Oasis appoints Lionexa LLP as its master marketing partner in India

Ras Al Khaimah [UAE], October 19: Shahab Building Contracting LLC has granted Lionexa LLP and its CEO, Mr. Kauser Nawaz, the master marketing rights in India for the sale of freehold property at RAK Oasis in Ras Al Khaimah.

19 Oct 2026 6:50 pm
SBI Mutual Fund leans on brand, SBI's network to deepen B-30 penetration

Plans to add more branches as it looks to expand investor pool, says new CBO

19 Oct 2026 6:48 pm
Gen Z makes up 52% of Amazon's fashion and beauty customer base in India

Gen Z shoppers drive Amazon's festive growth as premium brands double their sales share to 20%, while non-metro markets account for over half of fashion and beauty orders

19 Oct 2026 6:45 pm
India can tap large data centre mkt as global AI adoption grows: Equinix MD

Equinix India MD Manoj Paul says AI adoption could drive data centre growth beyond traditional hubs, with the company aiming to expand its India capacity from 20 MW to 70 MW in 2-3 years

19 Oct 2026 6:35 pm
India's auto tech funding at $1.3 bn in 2026, unlikely to match 2025 levels

Auto tech firms raised $1.3 billion across 97 rounds in 2026, with Bengaluru accounting for nearly 70% of funding; Rapido, Simple Energy and Rideriver led the biggest deals

19 Oct 2026 6:15 pm
India flags off first consignment to New Zealand under free trade pact

The first shipment, a Maharashtra-made JCB mini excavator, marks the start of zero-duty access for Indian engineering goods as both nations aim to double bilateral trade by 2030.

19 Oct 2026 6:13 pm
Uttar Pradesh Tourism Policy, 2022: Key features, incentives, eligibility and implementation

The policy is the state government's principal investment and development framework for tourism and hospitality projects

19 Oct 2026 6:10 pm
Even Healthcare raises $50 mn in Khosla Ventures-led Series B funding

The managed care company plans to open five hospitals across Bengaluru over the next six months as its valuation triples from its previous fundraise, taking total funding past $120 million.

19 Oct 2026 6:04 pm
Naval platforms worth 2.41 trn accorded AoN, RFP out for four LPDs: VCNS

Vice Chief of the Naval Staff flags AI, advanced propulsion and quantum tech as focus areas ahead of navy's Swavlamban 2026 innovation and indigenisation seminar

19 Oct 2026 6:04 pm
Coldwell Banker South India Inaugurates Avleon Realty in Mysore

Bangalore (Karnataka) [India], October 19: Mysore has a new destination for property. On October 15, Coldwell Banker South India inaugurated Coldwell Banker Avleon Realty Mysore, a franchise owned and operated by Mr. Sandeep. The office combines the reach of a worldwide brand with the local knowledge of a team that knows the city's neighbourhoods, builders and buyers.

19 Oct 2026 6:00 pm
Rajasthan State Gas launches PNG push in Kota, eyes 'LPG-free' zones

RSGL launches PNG connection drive in Kota under PNGRB's Drive 3 campaign, offering 500 worth of PNG incentives to new households until December 31, 2026

19 Oct 2026 5:53 pm
Execution key for DLF to achieve 20,000 crore FY27 sales guidance

DLF's Q2 pre-sales beat estimates, but with just Rs 4,460 crore booked in H1FY27, timely launches in Mumbai and Gurugram will be crucial to meeting its annual guidance

19 Oct 2026 5:16 pm
Asian Para Games 2026: Mona wins gold in shooting; India's medal tally- 11

Para athletics led India's medal charge on Day 1, contributing three gold medals and three medals across silver and bronze, while shooting para sport and para judo also added to the tally

19 Oct 2026 5:11 pm
Beyond Diwali sales, Sivakasi eyes global fireworks market with exports

India's fireworks capital is drawing interest from overseas buyers as Tamil Nadu pushes for export-friendly policies, modernisation and improved infrastructure to boost global sales.

19 Oct 2026 5:01 pm
SGB investors earn 192%, RBI fixes redemption price at Rs 14,614: Details

RBI has fixed the October 19 redemption price at Rs 14,614 per unit, giving investors in the October 2020 tranche a 192% return, excluding interest

19 Oct 2026 4:58 pm
Sopra Steria leases 4.74 lakh sq ft office space in Noida for 15 years

The French technology company has leased office space at Maconns Grande in Noida's Sector 132 for 15 years at a monthly rent of Rs 3.755 crore, with a 10% escalation every three year

19 Oct 2026 4:56 pm
Pragyan Ojha succeeds Agarkar as new chief selector; Powar joins committee

The five-member committee led by Ojha will now be responsible for selecting India's men's cricket teams across formats

19 Oct 2026 4:52 pm
Signature Global enters senior living with Manasum, eyes 575 cr sales

The companies will develop 164 senior living units at Sarvam DXP in Gurugram, with prices starting at around Rs 3.7 crore per unit and handover expected in 48 months

19 Oct 2026 4:47 pm
Uttar Pradesh govt approves industrial enclave projects worth 480 crore

Uttar Pradesh has approved two industrial enclave projects worth 480 crore across 420 acres in Gorakhpur and Banda to strengthen infrastructure, attract investment and generate employment.

19 Oct 2026 4:46 pm
Delhi Lok Adalat on October 25: How to settle your pending traffic challans

Delhi motorists can seek settlement of eligible pending traffic challans at the National Lok Adalat on October 25. Here is how to check eligibility, download the required slip and attend hearing

19 Oct 2026 4:40 pm
Moneyview's first backer eyes India's next 500 million borrowers after IPO

Accel's Subrata Mitra backed the digital lender at a $6 million valuation in 2014. Moneyview listed this month at a market value of about $1.01 billion

19 Oct 2026 4:35 pm
Altimetrik Opens Healthcare & Life Sciences Center of Excellence in Hyderabad

Hyderabad (Telangana) [India], October 19: Altimetrik, an AI engineering company, today opened its Healthcare & Life Sciences Center of Excellence (CoE) in Hyderabad to accelerate AI innovation for its clients. The Center's first launch is PharmaOS, Altimetrik's agentic AI framework for life sciences, built on Altimetrik's ALTi AIOS (operating system), with more offerings to be built alongside clients across the industry. With PharmaOS, the Center promises to take clients from a defined concept

19 Oct 2026 4:35 pm
L&T Technology Services posts 548 crore Q2 profit, declares dividend

L&T Technology Services reported consolidated revenue from operations of Rs 3,040 crore in the second quarter and declared an interim dividend of Rs 20 a share for FY27

19 Oct 2026 4:26 pm
CareEdge Global IFSC to sell 19.8% stake to State Bank of India, NSEIX

Care Edge Ratings on Monday said it has decided to sell a 19.8 per cent stake in its wholly-owned subsidiary CareEdge Global IFSC to State Bank of India and NSE IFSC. The company has executed share purchase agreements and a shareholders' agreement with State Bank of India (SBI) and NSE IFSC (NSEIX) to sell a 9.9 per cent equity stake each in CareEdge Global IFSC Ltd (CGIL), Care Edge Ratings said in a regulatory filing. After the share transfer is completed, the company will continue to hold an

19 Oct 2026 4:20 pm
How China's proposed AI export controls could affect open-weight ecosystem

China's proposed export controls on advanced AI technologies could affect access to Chinese open-weight models, with implications for global developers, Indian enterprises and the push for open AI

19 Oct 2026 4:16 pm
New PF limit: 20 lakh less at retirement, 9,600 a month for life

More employees now have part of their employer's PF contribution diverted to a pension.

19 Oct 2026 4:16 pm
Auto tech cos raise $1.3 bn across 97 funding rounds in 2026 so far: Tracxn

India's auto tech companies raised USD 1.3 billion across 97 funding rounds so far this year, according to a report from data intelligence platform Tracxn. The funding rounds were led by ride-hailing firm Rapido's USD 240 million, followed by electric two-wheeler manufacturer Simple Energy's USD 180 million and River's USD 102 million. India Auto Tech companies raised USD 1.3 billion across 97 rounds in 2026 year to date (2026 YTD) against USD 2.1 billion across 195 rounds in 2025. All funding f

19 Oct 2026 4:14 pm
Hindustan Zinc profit more than doubles to Rs 6,412 cr on higher prices

Higher zinc and silver prices, increased production and lower zinc production costs boosted Hindustan Zinc's quarterly earnings, while revenue from operations rose 76.5%

19 Oct 2026 4:10 pm
AI makes finding open source flaws easier, so why fixing them remains hard

An IBM and Red Hat report says AI is making vulnerability discovery easier, but patch delays, limited maintainer resources and poor visibility into software dependencies remain major risks

19 Oct 2026 4:01 pm
Comviva and Aduna Showcase Network Intelligence for Financial Services at Money20/20

New Delhi [India]/ Las Vegas (Nevada) [US], October 19: Comviva, a global leader in digital transformation solutions, and Aduna, the global aggregator of standardized network APIs, are advancing the use of network intelligence to address growing digital identity and fraud challenges in financial services. At Money20/20 USA, taking place October 18-21, 2026, in Las Vegas, the companies will showcase the progress of their collaboration and demonstrate how network APIs can help financial institutio

19 Oct 2026 4:00 pm
IND vs NZ stats: Top 10 highest wicket-takers across Tests, ODIs and T20Is

New Zealand will host India in five T20Is, five ODIs and two Test matches in the all-format tour starting on Thursday

19 Oct 2026 3:53 pm
Alembic Pharma receives USFDA approval for generic ear infection drug

Alembic Pharmaceuticals Ltd on Monday said it has received the final approval from the US Food and Drug Administration (USFDA) for its generic Ciprofloxacin and Dexamethasone Otic Suspension USP. The product is indicated for the treatment of certain ear infections in paediatric patients aged six months and older, as well as adults and elderly patients. The approved Abbreviated New Drug Application (ANDA) is therapeutically equivalent to the reference listed drug product (RLD), Ciprodex Otic Susp

19 Oct 2026 3:43 pm
Loud phone calls, music on trains may cost passengers 1,000 or jail time

Southern Railway has directed its divisions to warn passengers against loud phone calls and music played on speakers, citing provisions of the Railways Act

19 Oct 2026 3:42 pm
FSSAI issues notice to Zepto over complaint of delivering expired besan

Food regulator FSSAI has issued a notice to e-commerce firm Zepto for the alleged delivery of expired besan (gram flour) to a customer. In a social media post on Monday, the Food Safety and Standards Authority of India (FSSAI) said it has issued a notice to Zepto Marketplace Pvt Ltd regarding a complaint about the delivery of expired besan. A complaint on social media platform X alleged delivery of two packs of Besan past their use-by date. Both packs reportedly carried the marking USE BY: 12-09

19 Oct 2026 3:42 pm
Elon Musk says he will gift SpaceX shares to 'every kid in America'

It's not clear how such share contributions would work, and Musk did not elaborate on his donation plans

19 Oct 2026 3:25 pm
ZF expects India sourcing to grow 10-15% annually over next 3-4 years

ZF Group has seen India sourcing rise 20% in three years and expects further growth, citing a 20% cost advantage from Indian suppliers even after shipping expenses

19 Oct 2026 3:18 pm
Volume shockers: Jana Small Finance tumbles 14%; Federal Bank soars 5%

Share price of Jana Small Finance Bank slumped 14% to 424.30 on the BSE in Monday's intraday deals amid reports that Federal Bank was not in active talks for a stake buy.

19 Oct 2026 2:55 pm