Sona Comstar has announced the appointment of Jeffrey Mark Overly as Chairman and Priya Sachdev Kapur as an Additional Non-Executive Director following the sudden passing of Sunjay Kapur. Overly, with 43 years of experience, has been an Independent Director since February 2021 and has supported Blackstone Group's global portfolio companies.
Tamilnad Mercantile Bank (TMB) aims for a 14% loan growth by expanding its MSME portfolio. It plans to increase deposit growth, current and savings account deposits. The managing director and CEO expects a rise in net interest margin to 3.85-3.90%. TMB will moderate gold loan growth and introduce new services.
The RBI's decision to permit domestic lenders to finance acquisitions in key sectors like pharmaceuticals, healthcare, energy, infrastructure, and renewables is expected to increase M&A activity. EY data reveals significant consolidation in these sectors, with $50 billion invested in the first half of 2025.
Sebi seeks public comments on proposals to revamp mutual fund industry's fee structure for transparency and reduced costs. Changes include simplifying regulations, standardizing rights and obligations, and revising brokerage charges. Aim to address conflicts of interest through suitable oversight mechanisms. Deadline for feedback is November 17.
Adani Green Energy's Q2FY26 results showed a rise in net profit and Ebitda, while maintaining steady revenues. The company's operational renewable capacity also increased, making it the largest in India. With a focus on innovative technologies and ESG initiatives, Adani Green is on track to achieve its goal of 50 GW by 2030, after adding significant greenfield capacity in H1FY26.
Amazon India to lay off 800-1,000 employees as part of global restructuring. CEO Andy Jassy's push towards operating like a startup and investing in AI technology. Layoffs to be carried out in three phases over three days with support packages for employees. Despite cuts, Amazon remains committed to India with plans to invest Rs. 8,000 crore.
Commerce Minister Piyush Goyal will meet with exporters to address challenges in international trade and boost shipments from India. Focus will be on trade agreements and the impact of US tariffs on Indian exports. Exporters seek government support to maintain competitiveness in the US market and explore new markets.
The Supreme Court's decision to review Vodafone Idea's AGR dues has provided a chance for the struggling telecom company to improve its financial position, secure bank funding, and slow down subscriber losses. This could ultimately enhance its competitiveness in the market, but long-term recovery still relies on tariff rationalisation and regulatory support.
The Cabinet has approved a subsidy of Rs 37,952 crore for phosphatic and potassic fertilisers for the next rabi season, ensuring stable prices for non-urea soil nutrients. The allocation for NBS is 55% higher than the previous season, with the overall fertiliser subsidy projected to cross Rs 1.95 lakh crore.
Tata Capital's Q2 net profit increased by 11% to Rs 1,097 crore, with net interest income rising by 5%. This is attributed to the acquisition of Tata Motors Finance. The company plans to stabilize business metrics and focus on multi-OEM model and strengthening underwriting and collection frameworks. Its asset quality remains strong and shares closed at Rs. 78.
India's Electronics and IT Minister Ashwini Vaishnaw aims to strengthen the country's electronics manufacturing ecosystem by promoting locally designed and manufactured equipment and materials. The government's initiatives, such as the IndiaAI Mission and India Semiconductor Mission, will support innovative entrepreneurs and establish India as a leader in global markets.
Air India Express is set to enhance its domestic market presence by adding 20-24 new aircraft to its fleet by 2026. The airline is currently adding 3-3.5 aircraft per month and aims to receive its entire 737 order by 2030. It plans to focus on domestic routes, capture a third of the market share, and establish a strong presence in city-pairs.
India's services sector has grown significantly in the past six years, creating 40 million jobs and contributing more than half of the national GVA. Despite its resilience during crises, the sector still faces challenges such as informality, gender and spatial divides, and regional disparities.
ICAI proposes significant changes to Code of Ethics for CAs, including allowing partnerships with other professionals and removing restrictions on advertising. Other proposed changes include new independence provisions and a higher reporting threshold for audit fees.
Bata India's MD & CEO, Gunjan Shah, states that the demand for their products priced under Rs 2,500 has risen after the GST reduction. The company has a three-pronged strategy to boost growth, including product refresh, store revamps, and a more agile supply chain. They have observed a significant increase in sales since September 22, with a focus on tier 2 and 3 markets.
Trai and DoT have agreed to launch the CNAP service, showing caller name and number for incoming calls. It will be active for all users but can be disabled. Implementation will start with 4G and 5G networks to combat spam and fraud calls. Operators must establish secure databases and new devices must support CNAP. Trai has also taken steps to protect user privacy.
Apple's market value has reached a record-breaking $4 trillion, thanks to the success of its latest iPhone models. The company's shares have risen by 13% since the new launches in September, driven by strong demand. Despite concerns about its cautious approach to AI, the iPhone continues to be a major source of profit and revenue for Apple.
September's industrial growth reached 4%, thanks to the manufacturing sector's strong performance, aided by festive season and GST cuts. Despite a slowdown in mining and electricity, the IIP expansion was higher than last year. Consumer durables and infrastructure showed growth, while non-durables continued to decline.
Benchmark indices ended flat on Tuesday after a volatile session, with the Sensex closing down 150.68 points or 0.18%. The Nifty also closed lower by 29.85 points or 0.11%. The market sentiment remained cautious ahead of global central bank meetings and US tech earnings announcements.
Ficci urges for simplification of TDS structure in budget with fewer rates and provisions. Suggests tax neutrality for fast-track de-mergers and reduction in pendency before CIT (Appeal). Calls for more offices of Customs Authority for Advance Rulings to enhance trade certainty and reduce compliance burden. Finance Ministry seeks suggestions from trade and industry.
Mehli Mistry, a close associate of Ratan Tata, has been removed from the boards of the key entities controlling Tata Sons, leading to chaos in the philanthropic organizations and a battle for control over the Tata Group. This raises concerns about governance and board representation, with legal experts divided on the consequences and possible actions by Mistry.
PNB Housing Finance is expanding its loan portfolio by re-entering corporate lending and prioritizing construction finance. It aims to reach a loan book of Rs 1 lakh crore by FY27, driven by affordable and emerging markets. The company plans to expand its branch network and focus on informal segments. Its loan book has grown by 17% and asset quality has improved, indicating a strong performance.
The largest commodity exchange in India experienced a delay of over four hours in trading on Tuesday due to a technical issue. Operations were shifted to the Disaster Recovery site and trading resumed at 1.25pm. The company is investigating the cause and will take necessary corrective measures.
Two people died and several were injured when a bus carrying labourers caught fire in Jaipur due to a cylinder blast, the third such incident in recent days. Deputy CM confirmed the incident and stated the bus was carrying two LPG cylinders which exploded near a high-tension wire. This is third such incident in the past two weeks.
The Union Cabinet has formed the 8th Pay Commission, headed by Justice Ranjana Prakash Desai, to revise the pay, pension, and allowances for 11.9 million central government employees and pensioners. The commission will submit its report by April 2027, with the fiscal impact deferred to FY28.
IPO market set for a busy week with three unicorns, Groww, Pinelabs, and Physics Wallah, expected to raise a total of Rs 16,800 crore. Lenskart's Rs 7,278 crore fundraise will also close for public bids. Investment bankers predict a total of $2 billion fundraises and launches in the next week. Expectations of $10-15 billion through IPOs in the next two months. Over 200 companies to raise $35
The government has introduced a new financing model for highway development called Built Operate Transfer (BOT). The Model Concession Agreement (MCA) has been restructured after 15-16 years to reduce risk for private developers. The new system, Build Operate Transfer (Toll and Annuity), will be used for public-private partnership projects.
OpenAI is providing a free one-year subscription to ChatGPT Go, its advanced plan with increased query limits, to Indian users from November 4. This showcases the company's emphasis on India as a crucial market for AI and aligns with the government's IndiaAI Mission.
The Lukshmi Vilas Palace in Vadodra, Gujarat is the largest and most expensive private residence in the world. Commissioned by Maharaja Sayajirao Gaekwad III, the 135-year-old palace showcases a unique blend of Indo-Saracenic architecture and stunning gardens. While open to the public, the private wing is still occupied by the royal Gaekwad family.
AGEL's net profit increased by 28% in the September quarter, with a rise in revenue from power supply and a 49% expansion in operational capacity. The company is on track to reach its 50 GW target and is making significant progress in its renewable power business.
Indian companies announce Q2FY26 results, including TVS Motor, Adani Green Energy, Shree Cement, M&M Financial Services, Tata Capital, and KFin Technologies. TVS Motor reports a 42% increase in net profit and record sales in two- and three-wheelers. Adani Green Energy sees a 25% rise in profit. Shree Cement declares a dividend of Rs 80 per share.
Zoho founder Sridhar Vembu's comments linking childhood vaccines to autism in India have sparked controversy. Health experts have criticized his remarks, but Vembu defends his stance and calls for open-mindedness. The study he cited has been debunked, but Vembu argues that being a specialist doesn't guarantee understanding of vaccines' long-term effects on children.
The Union Cabinet has approved a fertiliser subsidy of 37,952.29 crore for the winter crop season, which is 736 crore more than the budget for the Kharif season. This will ensure affordable prices for fertilisers and is 140 billion higher than last year's allocation. The subsidy will be provided for P&K fertilisers, including DAP and NPKS grades
Indian public sector company Oil India is facing difficulties in transferring a $300 million dividend from its investment in Russian oil companies due to US sanctions. The company, along with other Indian petroleum companies, holds stakes in two sanctioned Russian companies. Indian companies are now turning to spot markets to meet their crude oil demands.
New York Post calls out Zohran Mamdani's "nepo baby status" on front page, highlighting his privileged background as the son of Oscar-nominated filmmaker Mira Nair and renowned scholar Mahmood Mamdani. Despite criticism, Mamdani has not shied away from his roots and has credited his parents for his privileged upbringing. The article has sparked controversy.
TVS Motor Company reported a 41.9% YoY profit growth in Q2 FY26, with a consolidated net profit of Rs 795.48 crore. Its revenue also increased by 25.4% to Rs 14,051 crore. The company's Operating EBITDA reached a record high of Rs 1,509 crore, marking a 40% growth. Its operating EBITDA margin also improved by 100 basis points to 12.7% in Q
Enrique Iglesias' highly-anticipated return to Mumbai after 20 years has Bollywood fans buzzing. The two-day concert, happening on October 29-30, will be graced by top Bollywood celebrities, including Vidya Balan, who credits the singer's first concert in India for kickstarting her career in the industry.
Manpreet Singh, a 27-year-old from Brampton, Ontario, is wanted for the murder of Amanpreet Saini in Niagara. Authorities suspect he may have fled the country after the incident. Saini, from North York, was found dead on October 21.
In an effort to reduce Delhi’s toxic air quality, the Commission for Air Quality Management (CAQM) has announced that starting November 1, 2025, only BS6-compliant commercial vehicles will be allowed to enter the national capital. All vehicles that run on BS4, BS5, or older emission standards will be completely banned from entering Delhi, according to PTI.
Zoho founder Sridhar Vembu's post about the link between vaccination and autism has caused controversy. He cited a report and urged parents to take it seriously, but some are worried about not vaccinating. Studies have not found evidence of a connection between vaccines and autism.
Indian refiners are avoiding new orders for Russian oil due to sanctions and are buying from spot markets instead. Indian Oil has issued a purchase tender and Reliance is increasing spot market purchases. The EU, UK, and U.S. have imposed sanctions on Russia, including top producers Lukoil and Rosneft. Indian refiners are likely to decrease Russian oil imports to follow new U.S. sanctions
Tom Hayes, an ex-UBS trader, is suing the company for $400 million in damages, accusing them of making him the scapegoat for the Libor scandal. He claims that UBS destroyed his reputation and career, causing him to lose his liberty, marriage, and son's childhood. After a 10-year legal battle, his conviction was overturned. Hayes is now seeking justice and holding UBS accountable for their actions.
The Karnataka Congress on Tuesday lashed out at critics and opposition leaders over claims that the state “lost” Google’s $15 billion data centre project to Andhra Pradesh. In a fiery post on X, the ruling party dismissed the criticism as “noise” and said Karnataka continues to attract global investors because of its talent and innovation, not by offering “inducements.”
Harshvardhan Rane and Sonam Bajwa's romantic drama 'Ek Deewane Ki Deewaniyat' had a strong opening at the Box Office, but saw a decline in collections on its first non-festive weekday. Despite facing competition from other films, it has managed to earn Rs 44.85 crores domestically and become the highest earner of Rane's career and the fourth-highest of Bajwa's. Directed by Milap Zaveri
Larsen & Turbo's Heavy Engineering vertical has secured orders worth Rs 1,000 to Rs 2,500 in international and domestic markets. The company received new orders in oil, gas, and fertiliser projects in the United States, Mexico, and Brazil, as well as in the nuclear power equipment segment. With a 7.21% increase in share price this year, L&T continues to operate successfully.
India's Hindustan Aeronautics and Russia's United Aircraft Corporation have signed an MoU to produce the SJ-100 passenger aircraft in India, the first time since 1988. The SJ-100 is a twin-engine, narrow-body aircraft used for commercial purposes, with 200 already in use by 16 airlines. This deal will enhance regional connectivity and generate employment opportunities
This week, the primary market will witness two contrasting consumer stories - Orkla India, a packaged food company, and Studds Accessories, a leading helmet and motorcycle gear maker. While Orkla's IPO offers no fresh funds, Studds' IPO is recommended due to its strong financial growth and growing two-wheeler market. Both are pure offer-for-sale (OFS) listings.
On October 31, movie lovers can expect a big day with the release of highly anticipated movies on both theaters and OTT platforms. Bahubali fans are eagerly awaiting the latest installment, while other blockbusters like Kantara Chapter 1, Lokah Chapter 1: Chandra, Idli Kadai, and Baaghi 4 will also have their digital premieres. These movies have been successful at the box office.
A leading cardiologist speaking to CNN commented on President Donald Trump’s health, suggesting that the 79-year-old may have quietly undergone an MRI scan due to possible neurological concerns. Trump revealed visiting the Walter Reed National Military Medical Centre on Monday and said the “MRI turned out perfect."
Jana Small Finance Bank's application to become a universal bank was rejected by the RBI due to not meeting requirements. The bank's CEO plans to fix the issues and reapply. However, the recent changes in its parent company structure were not related to this. Another small finance bank, AU, was granted permission to become a universal bank by the central bank.
Darshan Singh Sahsi, a prominent businessman, was fatally shot outside his home in Abbotsford, British Columbia on Monday morning. The incident was caught on camera and shows a gunman getting out of a car and shooting Sahsi as he was getting into his truck. Police are investigating the incident.