Adani Power emerged as the lowest bidder for Assam’s 3.2 GW coal tender, boosting its expansion plans toward a 42 GW total capacity.

• The tender is part of India’s 22 GW thermal expansion drive to meet rising power demand amid renewable intermittency issues.
• Adani Power plans to invest ₹2 trillion to reach 42 GW capacity by FY 2032, commissioning 12 GW by FY 2030.
• Power dues from Bangladesh have sharply reduced to 15 days of supply from nearly $2 billion earlier this year.

Lumina Datamatics posted strong Q2 FY26 results with 20.52% revenue growth, 52.77% profit surge, and robust margin expansion.

• EBITDA surged 81.96% YoY to ₹88.8 crore with margin rising 613 bps to 18.1%, driven by cost efficiency.
• H1 FY26 net profit jumped 32.34% to ₹113.62 crore, reflecting solid performance across digital technology and operational segments.
• Leadership emphasized innovation, AI-driven workflows, and operational excellence as key growth enablers for sustained momentum into H2 FY26.

IKS Health reported strong Q2 FY26 results with PBT up 58.5%, EBITDA rising 43%, and margins improving significantly year-over-year.

• Revenue grew 22% YoY, EBITDA surged 43%, and PAT increased 60%, reflecting scalable operations and disciplined financial management.
• Launch of Agentic AI on Google Cloud and Scribble Now integration positioned IKS as a pioneer in connected AI healthcare solutions.
• Appointment of a Chief AI Officer underscores strategic focus on AI-driven growth and enhancing clinical, financial, and operational excellence.

MoSPI is revising the CPI base, proposing monthly rent data collection for both urban and rural areas to enhance inflation accuracy.

• The new methodology aims to include rural housing data, marking a shift from the current urban-only housing index compilation system.
• Monthly rent data collection will replace the current six-monthly urban survey to reflect real-time price movements more accurately.
• MoSPI invites feedback from experts, ministries, and institutions on the proposed methodology for a more representative and inclusive CPI series.

Gravita India posted strong Q2 FY26 results with higher profitability, improved efficiency, and steady expansion across diversified recycling businesses under Vision 2029.

• Profit before tax surged 31.35% YoY to ₹111.28 crore, supported by higher volumes and controlled finance costs despite rising material expenses.
• EBITDA grew 10.17% YoY to ₹111.81 crore, with margins slightly easing to 10.80% amid robust operational performance and improved product mix.
• The company targets 25%+ ROIC, 35% profitability growth, and 7 LTPA capacity by FY28 through expansion in lead, aluminium, and lithium segments.

Revenue rose 11.5% to ₹3,170 crore, boosting profits as United Spirits saw strong brand recovery and operational efficiency improvements.

• Profit before tax jumped 41.4% year-on-year to ₹632 crore, driven by strategic expansion and cost management across key regions and categories.
• EBITDA grew 32.54% to ₹672 crore, with margins improving 337 basis points to 21.2%, supported by higher premium segment contributions.
• Prestige & Above segment sales rose 12.4%, while focused marketing investments strengthened brand visibility ahead of the festive and wedding season.

PHDCCI submitted a pre-budget memorandum urging growth-friendly tax reforms supporting Viksit Bharat, Make in India, and investment-led industrial expansion.

• Advocated restoring concessional corporate tax rates for manufacturing, boosting investments, employment, and industrial competitiveness across emerging high-growth sectors in India.
• Recommended simplified personal tax structures to enhance disposable incomes, drive consumption, and ensure transparency in the tax and refund system.
• Proposed rationalizing import duties on steel, paper, gold, and healthcare to align tariffs globally and streamline customs for trade facilitation.

Lodha Developers posted record Q2 results, with profit, pre-sales, and collections rising sharply, backed by strong project momentum and expansion.

• Profit before tax soared 71.6% YoY to ₹960.8 crore, with revenue up 33.2% in H1 FY26 driven by strong sales.
• Pre-sales reached ₹4,570 crore, up 7% YoY, while collections grew 13%, showing robust demand and efficient cash inflow.
• Lodha signed an MoU with AWS and STT for a Green Data Centre Park at Palava, enhancing long-term growth and diversification.

TD Power Systems reported strong Q2 FY26 results with robust profit growth, higher expenses, and a declared 50% interim dividend.

• Profit before tax rose 46.18% YoY to Rs 81.82 crore, supported by improved operational efficiency and strong demand across generator and motor segments.
• EBITDA increased 46.24% YoY to Rs 85.77 crore with an 18.8% margin, while expenses surged 46.41% due to higher material costs.
• The company announced a 50% interim dividend of Rs 1 per share, payable within 30 days for FY26.

Navin Fluorine reported strong Q2 FY26 results with revenue, profit, and margins significantly improving, supported by higher efficiency and expansion plans.

• Consolidated revenue rose 46.3% YoY to Rs 758.4 crore, driven by strong growth across product segments and improved operational efficiency.
• Profit after tax jumped 152.2% YoY to Rs 148.4 crore, while EBITDA margin expanded sharply to 32.5% from 20.7%.
• The company approved Rs 236.5 crore capex for HFC expansion, Rs 75 crore for debottlenecking, and declared Rs 6.50 interim dividend.

L&T partners with GA-ASI to manufacture combat-proven MQ-series unmanned aircraft in India, enhancing indigenous defence production and aerospace self-reliance.

• The partnership targets India’s 87 MALE RPAS programme with L&T as the prime bidder and GA-ASI as the technology partner.
• GA-ASI brings decades of global experience in unmanned aerial systems and precision strike drone operations worldwide.
• L&T’s engineering and manufacturing strength will drive local production, boosting India’s defence capabilities and technology independence.

India’s Prime Minister highlighted the nation’s strategic coastline, advanced ports, and innovation-driven infrastructure, inviting global investors to join its maritime growth.

• Modi emphasized India’s 7,500 km coastline, modern ports, and innovation as strong pillars for maritime investment and growth opportunities.
• He projected India as a global maritime hub offering connectivity, green shipping, logistics, and industry-friendly policy frameworks.
• The Prime Minister urged domestic and global investors to participate in India’s maritime expansion and infrastructure transformation.

ITC posted steady Q2 FY26 growth with FMCG, cigarette, and packaging segments strong, while agribusiness faced a revenue decline.

• FMCG revenue rose 6.99% YoY; excluding notebooks, 8% growth driven by staples, dairy, personal wash, and organic brands.
• Cigarette segment revenue grew 6.8% YoY with strong premium demand; cost pressures offset by mix optimization and controls.
• Agribusiness fell 30.92% YoY due to timing issues, while paper and packaging rose 5% amid tough import competition.

Vaibhav Global reported strong Q2 FY26 results with higher revenue, improved margins, and robust profitability driven by operational efficiency and productivity gains.

• Profit before tax rose 53.24% YoY to Rs 60.24 crore, while EBITDA climbed 27.7% to Rs 88 crore, boosting margins significantly.
• H1 FY26 net profit jumped 53.62% to Rs 85.18 crore on 8.93% higher revenue of Rs 1,691.05 crore versus last year.
• Board approved Rs 1.50 interim dividend; management reaffirmed 7-9% FY26 growth outlook supported by strong cashflows and improving macro conditions.

Texmaco Rail secures two major contracts worth ₹78.5 crore from Maha-Metro and Central Railway for metro and transformer system projects.

• Maha-Metro contract worth ₹44.61 crore covers Pune Metro’s PCMC–Nigdi extension with 25 kV systems and SCADA setup.
• Central Railway order valued at ₹33.89 crore includes a 132 kV/55 kV Scott-connected transformer for the Ahmednagar–Beed–Parli line.
• Projects strengthen Texmaco’s position in India’s rail, infra, and electrical engineering segments, expanding its national infrastructure footprint.

RailTel reported an 11.86% profit rise with revenue growing 12.78% YoY, driven by higher project services and steady telecom operations.

• Total revenue increased 12.78% YoY to Rs 951.36 crore, with project service income growing 15.51% amid robust infrastructure demand.
• Profit before tax rose 11.86% to Rs 105.3 crore, supported by efficient cost management despite an 11.88% surge in total expenses.
• Board declared 10% interim dividend (Rs 1 per share), record date set for November 4, 2025, payout before November 25.

L&T reported strong Q2 FY26 results with higher profit, robust international orders, and continued growth across diverse EPC business segments.

• Profit before tax rose 14.1% YoY to Rs 6,336 crore, with EBITDA up 7% at Rs 6,806 crore and stable 10% margin.
• Total orders surged 45% YoY to Rs 1.15 lakh crore, with international orders forming 65% of inflow and 56% of total revenue.
• CMD highlighted a strong order pipeline, steady execution, and optimism on India-Middle East capex; firm plans L&T Metro Rail divestment.

Brigade Enterprises reported strong Q2 FY26 results with solid growth across real estate, leasing, and hospitality segments, supported by robust market sentiment.

• Revenue rose 29.02% YoY to Rs 1,383.37 crore, while profit before tax increased 17.55% to Rs 195.55 crore this quarter.
• Real estate revenue jumped 31% to Rs 951 crore, leasing grew 17%, and hospitality improved 16% over the previous fiscal year.
• Net bookings reached 1.9 million sq. ft. worth Rs 2,034 crore, with strong collections and expansion plans across major Indian cities.

Dr. Reddy’s shares fell after Canada’s drug regulator sought clarifications on its Semaglutide injection, affecting supplier Shaily Engineering Plastics’ outlook.

• Dr. Reddy’s received a Notice of Non-Compliance from Canada for its Semaglutide application, requiring additional data and clarifications soon.
• Shaily’s shares plunged as demand concerns arose; it produces Semaglutide pens and recently expanded capacity by 25 million pens yearly.
• Analysts expect short-term pressure but remain bullish, citing global Semaglutide market growth to $93.6 billion by 2035, driven by obesity treatment.

GPPL plans a massive port upgrade, contingent on concession extension, boosting capacity, connectivity, and efficiency through strategic infrastructure investments.

• Investment focuses on container, liquid cargo, RoRo, storage, and rail capacity, alongside the deployment of advanced port equipment for smoother operations.
• Plans include developing deeper waterfronts and seamless multimodal transit integrating ocean, rail, and road networks across northwest India.
• Strategic partnerships will enhance operational excellence, positioning Gujarat Pipavav Port as a leading international maritime trade gateway.

SEBI’s cost-cutting proposal triggered heavy selling in AMC stocks, aiming to reduce expense ratios, brokerage caps, and align investor interests.

• Mutual fund stocks tumbled as SEBI proposed slashing expense ratios, linking fees to fund performance, and lowering brokerage limits drastically.
• Proposed changes could squeeze revenues for large asset management companies with high AUMs or operational leverage, sparking investor panic.
• SEBI aims to enhance transparency, curb double charging, and ensure better returns for investors through tighter cost and performance alignment.

Go Digit reported 10.7% income growth and a 51.6% profit rise in Q2 FY26, backed by strong premium and AUM growth.

• Gross written premium rose 12.6% to Rs 2,667 crore, showing continued strength across motor, health, and property insurance segments.
• Assets under management climbed 15.4% to Rs 21,345 crore, driven by consistent inflows and expanding product reach.
• Combined ratio improved to 111.4%, and solvency ratio strengthened to 2.26x, reflecting improved underwriting and financial stability.

Goldi Solar raised ₹14.22 billion, led by Havells India, to expand Gujarat solar manufacturing, boosting India’s clean energy capacity and localization.

• Havells India led the ₹14.22B funding round alongside Ambit Global, Nikhil Kamath, Shahi Exports, SRF Holdings, and NSFO Ventures.
• Funds will expand Goldi Solar’s Gujarat plant, increasing solar PV module capacity fivefold to 14.7 gigawatts by 2026.
• Investment reflects a strong interest in India’s clean energy drive and local manufacturing push under “Make in India” policies.

PNGS Gargi Fashion Jewellery reported strong Q2 FY26 results with profits and revenue more than doubling year-on-year, driven by festive sales.

• Net profit soared 101.77% YoY to Rs 10.27 crore, with sequential growth of 93.3%, showing strong festive-driven demand recovery.
• Revenue jumped 102.35% YoY to Rs 46.44 crore, supported by strong performance at SIS and exclusive Gargi brand stores.
• PBT rose 99.13% YoY to Rs 13.74 crore; total expenses surged 110.6% amid store expansion and increased operating costs.

Enviro Infra Engineers to build a 273.37 km sewer network and 60 MLD STP in Bhopal, worth Rs 248.49 crore.

• EPC contract includes sewer network, STP, and pumping stations, to be completed within 36 months plus a five-year maintenance period.
• The company specializes in water and wastewater infrastructure for government projects across India, ensuring sustainable urban development.
• Q2 FY26 results to be announced on 4 November; Q1 PAT rose 41.8% YoY to Rs 42.48 crore on strong revenue growth.

Mahindra Finance reported strong Q2 FY26 results with robust income, profit, and asset quality, driven by higher NII and loan growth.

• Total income rose 14.37% YoY to Rs 4,489.24 crore; net profit surged 43.59% to Rs 560.07 crore, reflecting strong financial performance.
• NII increased 22% YoY to Rs 2,423 crore; NII margin improved to 7%, showing efficient lending and interest income management.
• Gross loan book reached Rs 1,27,246 crore, up 13% YoY; asset quality steady with GS3 at 3.9% and capital adequacy at 19.5%.

CAMS achieved record quarterly revenue with 16% AuM growth to Rs 52 lakh crore and strong expansion in both MF and non-MF segments.

• Profit before tax declined 5.5% YoY to Rs 153.37 crore amid record mutual fund asset growth and market leadership retention.
• SIP inflows surged 21% YoY to Rs 17,555 crore; CAMS won two new RTA mandates, strengthening client portfolio to 28.
• Non-mutual fund business contributed 14.4% of revenue, led by CAMSPay’s 38% YoY growth and strong GIFT City expansion.

RBI issued new directions requiring banks to offer and explain nomination facilities during account opening for smoother post-death settlements.

• Banks must inform customers about nomination benefits, ensuring transparent communication and simplified claim settlement after the account holder’s death.
• Customers declining nomination must give a written declaration; refusal to sign will be officially recorded by the bank.
• In case a nominee dies before receiving deposits, banks will follow the deceased account settlement rules under updated RBI guidelines.

Adani Green Energy reported a 33.9% YoY PBT decline, while power supply revenue surged 20% and EBITDA rose 19% in Q2 FY26.

• Strong growth driven by 5.5 GW greenfield capacity addition, advanced renewable technologies, and high-performing plants in Khavda and Rajasthan.
• Consolidated H1 FY26 net profit surged 79.5% YoY to Rs 1,296 crore on 14.5% higher sales of Rs 6,565 crore.
• CEO Ashish Khanna confirmed plans to reach 50 GW capacity by 2030 with 2.4 GW added in H1 FY26 and 16.7 GW now operational.

India’s industrial production grew 4% in September 2025, slightly easing from August’s 4.1%, driven by manufacturing and infrastructure growth.

• Manufacturing rose 4.8%, led by basic metals (12.3%), electrical equipment (28.7%), and motor vehicles (14.6%), while mining slowed to 0.4%.
• Use-based growth showed strong expansion in infrastructure goods (10.5%) and consumer durables (10.2%), but non-durables declined 2.9%.
• Monthly performance weakened due to mining contraction from 6.6% in August to -0.4% in September, offsetting sectoral momentum.

RBI’s gold reserves rose 25.45 metric tonnes to 880 tonnes by September 2025, reflecting stronger diversification in foreign exchange management.

• Gold's share in total forex reserves climbed to 13.92%, up from 11.70% in March 2025, marking notable valuation gains.
• 290.37 tonnes stored with Bank of England and BIS; 13.99 tonnes maintained as gold deposits, ensuring liquidity balance.
• Growth indicates RBI’s strategic move to hedge against currency volatility and global financial market uncertainties effectively.

CESC secures a 300 MW solar power supply contract from SECI at ₹2.86 per kWh for 25 years, boosting renewable energy capacity.

• The 300 MW solar facility contract enhances CESC’s clean energy portfolio and supports India’s renewable expansion and grid reliability.
• Awarded by SECI, the project is independent of related party transactions, ensuring full compliance and transparency in the agreement.
• CESC, an integrated power utility, operates across power generation, retail, property development, and business process outsourcing segments.

SAMHI Hotels posted a 179% YoY rise in profit before tax, driven by higher ARR, improved EBITDA margin, and a strong project pipeline.

• Profit before tax surged 179% YoY; an exceptional gain of ₹84.1 crore boosted overall performance and consolidated profitability during the quarter.
• EBITDA rose 14.27% YoY to ₹110.5 crore; occupancy at 75% and ARR increased 11.2% to ₹5,026 in Q2 FY26.
• Company expanding portfolio with Navi Mumbai dual-brand project, Hyderabad lease, and 8% room inventory growth by December 2025.

Premier Energies reported a 20.27% revenue rise to Rs 1,836.87 crore and 69.78% profit growth in Q2 FY26.

• EBITDA rose 47.39% YoY to Rs 560.87 crore with margins improving to 30.53%, showcasing strong operational efficiency and cost control.
• Total expenses increased 13.73% YoY, mainly driven by higher material and employee costs, while finance costs declined 22.82%.
• The company approved the Rs 502 crore expansion of its 7 GW Solar PV Topcon Cell plant at Naidupeta, funded via internal accruals.

Blue Dart reported a 30.1% YoY PBT rise, driven by strategic network investments and growing logistics opportunities under India's evolving market environment.

• Half-year profit rose 12.6% to Rs 126.43 crore with 7.2% sales growth to Rs 2,991.25 crore in H1 FY26.
• Strategic investments in automation and hubs improved scalability, operational speed, and service accuracy across India’s logistics network.
• Management remains optimistic on GST 2.0, consumption growth, and localisation trends driving long-term logistics sector expansion.

CarTrade Tech posted record Q2 FY26 results with 109% YoY profit growth, strong revenue expansion, and robust digital ecosystem performance.

• Consolidated net profit rose 109% YoY to ₹64.08 crore, driven by 29% growth in total income and margin expansion.
• Consumer and Remarketing businesses delivered 37% and 23% YoY revenue growth, respectively, with strong profitability across verticals.
• OLX India profits surged 213% YoY; 85 million unique visitors highlight the company’s strong brand reach and digital dominance.

Trading on MCX was delayed due to technical issues, causing a 2% stock dip despite strong year-to-date performance.

• MCX shares dropped 2% to ₹9,121 after trading delays from 9:30 AM IST due to a technical problem.
• This marks the second major trading disruption at India’s largest commodity exchange in 2025.
• Despite glitches, MCX remains resilient, showing an impressive 47% year-to-date rise in share value.

India’s benchmark indices fell as investors booked profits following an eight-session rally, despite strength in metal and PSU bank stocks.

• Nifty 50 and Sensex declined 0.5% and 0.6% after recent strong gains driven by market optimism.
• Financial and IT stocks dragged markets lower, while metal shares rose on U.S.-China trade optimism.
• Tata Steel jumped 2.2% after an upgrade, with PSU banks and metals as the only sectoral gainers.

SAMHI Hotels to develop its largest 700-room project near Navi Mumbai Airport, featuring Westin and Fairfield brands, enhancing regional presence.

• Phase 1 will include 400 rooms, with the project strategically located near DY Patil Stadium and major infrastructure links.
• The MIDC’s approval enables SAMHI’s entry into the Mumbai Metropolitan Region, reinforcing its expansion in gateway markets.
• The project strengthens SAMHI’s 31-hotel portfolio, targeting business, aviation, leisure, and MICE demand around Navi Mumbai.

India’s ageing population is driving a booming silver economy, creating vast opportunities for senior care, healthcare innovation, and policy collaboration nationwide.

• India’s elderly population will reach 230 million by 2036, reshaping demographics and intensifying demand for specialised senior care services.
• The silver economy, valued at ₹73,000 crore in 2024, promises multi-fold growth and lucrative prospects for health and wellness enterprises.
• Strong public-private partnerships, regulatory reforms, and coordinated governance are essential to build an inclusive, efficient senior care ecosystem.

Supreme Industries shares hit a five-month low after the company reported weak Q2 results; brokerages have cut targets, citing margin pressure and a slowdown in growth.

• Q2 PAT slumped 20% YoY, while revenue rose 5%; the early monsoon and Wavin-led depreciation hit agricultural piping sales.
• Antique Stock Broking retained “buy” but trimmed the target to ₹4,270, citing weaker margins and lower earnings expectations.
• Ambit Insights maintained “sell,” raising PT slightly to ₹3,308, flagging overreliance on plastic pipes despite possible long-term share gains.

Mazagon Dock Shipbuilders reported a 26.12% YoY rise in PBT to Rs 933.94 crore, supported by lower material and employee costs.

• Revenue grew 6.25% YoY to Rs 2,929.24 crore, while total expenses slightly fell 0.36% in Q2 FY26.
• Material and employee costs dropped 12.22% and 3.45% YoY, boosting profitability and operational efficiency this quarter.
• The board declared the first interim dividend of Rs 6 per share; the record date is 4 November, and payment will be made before 26 November 2025.

Indus Towers reported lower EBITDA and profit, despite tower growth, cost efficiency, and strategic Africa expansion plans for future growth.

• EBITDA fell 6% YoY to Rs 4,613 crore, while profit before tax declined 16.8% to Rs 2,478 crore.
• Operating free cash flow dropped sharply to Rs 1,039 crore from Rs 2,545 crore last year.
• Total towers rose to 256,074 units with a 1.62 sharing factor; the company eyes Africa entry for long-term growth.

Jana Small Finance Bank’s universal bank transition plan was rejected by the RBI for not meeting the eligibility norms set in its circular.

• RBI cited unmet eligibility norms like profitability, asset quality, and net worth requirements for universal bank conversion approval.
• The move delays Jana Bank’s expansion strategy and plans to diversify its product portfolio under a universal banking model.
• Operating since 2018, Jana SFB remains India’s fourth-largest small finance bank with 814 branches across 23 states and 2 UTs.

Bata India's Q2 performance dipped due to GST 2.0 transition, warehouse disruption, and one-time VRS expense, but recovery signs emerge.

• Revenue was impacted by deferred purchases, GST changes, and the July warehouse disruption, which affected supply chain operations temporarily across major channels.
• EBIDTA declined 13.24% to Rs 166.4 crore amid higher marketing costs and markdowns ahead of the festive season clearance.
• CEO Gunjan Shah remains optimistic, citing post-September festive recovery, cost efficiencies, and robust nationwide retail network strength.

The paper manufacturer reported strong Q2 FY26 results, with profits and PBT soaring year-on-year despite muted sequential performance and market uncertainty.

• Net profit surged 213% YoY to Rs 8.10 crore, rebounding sharply from a Rs 7.41 crore loss in the prior quarter.
• Revenue rose 20.9% YoY to Rs 1,090.73 crore, though sequentially declined 3.4% amid subdued demand and GST-related uncertainty.
• Product upgradation, quality focus, and higher-margin offerings boosted profitability; paper and packaging board output increased slightly YoY.

JK Tyre’s Q2 FY26 PBT soared 64.3% YoY to ₹67.41 crore, supported by higher volumes, exports, and improved EBITDA margins.

• Domestic volumes rose 15% across segments, while exports increased 13% despite US tariff uncertainty, showcasing strong global market resilience.
• EBITDA reached ₹536 crore with a 13.3% margin, driven by high-margin products and expansion into new geographies.
• CMD Raghupati Singhania credited GST 2.0 and better performance from Cavendish and Tornel units for the financial improvement.

The Centre approved ₹15,095.83 crore for Kharif 2025–26 pulse and oilseed procurement in Telangana, Odisha, Maharashtra, and Madhya Pradesh.

• Telangana to get 4,430 MT moong procurement, 100% urad, and 25% soybean support under the Price Support Scheme.
• Odisha approved for 18,470 MT arhar procurement worth ₹147.76 crore, ensuring full coverage of its production.
• Approval granted under PM-AASHA to safeguard farmer income and stabilize market prices across key producing states.

India’s maritime sector, worth USD 1 trillion, offers vast investment potential, says Gadkari, urging innovative ship financing to drive growth.

• Gadkari emphasized replicating MoRTH’s PPP, ToT, and InvIT models to enhance private investment and reduce government financial strain.
• Private participation in transport projects rose from 10% to 35%, showcasing efficiency and faster execution through hybrid funding mechanisms.
• The minister launched CMEG (RIS) India Maritime Report 2025-26, highlighting India’s unified maritime development and future investment strategies.

Revenue dropped 46.28% QoQ but rose 7.28% YoY; profit before tax jumped 11.42% amid higher expenses and post-IPO market activity.

• Pace Digitek’s Q2 FY26 profit rose 10.26% YoY despite a steep 46.28% quarterly revenue fall to Rs 367.07 crore.
• Total expenses increased 2.43% YoY; material costs fell 68.7%, but employee benefits rose 26.2% in Q2 FY26.
• Shares debuted at Rs 226.85 on 6 October 2025, a 3.58% premium post-IPO, reflecting moderate investor enthusiasm.

RBI’s draft NBFC (SBR) Amendment Directions, 2025, redefine risk weights for infrastructure exposures, introducing “high-quality” project classifications with repayment-linked weight criteria.

• High-quality infrastructure projects must show one year of successful operations and strong creditor protection measures under defined conditions.
• Loans with at least 10% repayment of the sanctioned amount now attract a 50% risk weight, encouraging stronger credit discipline.
• Projects with 5–10% repayment receive a 75% weight, ensuring a graded, risk-sensitive framework promoting infrastructure loan stability.

Zen Technologies’ Q2 FY26 profit dipped 5.2% YoY but rose sequentially, supported by cost controls and robust liquidity position.

• Revenue declined 20.6% YoY to Rs 198.9 crore, while EBITDA margin expanded sharply to 51.9% despite procedural order delays.
• Net profit reached Rs 59.4 crore; order book stood solid at Rs 675 crore with liquidity exceeding Rs 1,100 crore.
• Management expects stronger subsidiary contributions and demand recovery as deferred government orders resume post-procedural delays.

Tejas Networks to build SDN-based DWDM network across India using its TJ1600 platform, enhancing PowerTel’s capacity and connectivity performance.

• The project covers design, supply, installation, testing, commissioning, and integration for the nationwide next-generation optical network infrastructure.
• TJ1600 DWDM/OTN platform offers 1.2Tbps per wavelength and supports alien wavelength technology for flexible scalability.
• Initiative enables PowerTel to boost capacity and meet rising high-speed data demand across India’s expanding digital ecosystem.

PTC Industries secured a major GTRE order to manufacture single-crystal turbine blades, leveraging advanced facilities in India and the UK.

• The order covers post-cast manufacturing of “ready-to-fit” turbine blades and vanes for aerospace and defence applications.
• PTC’s UK subsidiary, Trac Precision Solutions, will ensure high-quality execution aligned with project timelines.
• The order’s value remains confidential but is expected to significantly boost PTC’s revenue and global manufacturing footprint.

Puravankara secured a ₹211.53 crore order to build SBR Global Queen’s Ville, confirming no related-party involvement under current regulations.

• Contract includes core, shell, and finishes for SBR Builders’ residential project, executed per LOA terms after the official Friday announcement.
• Puravankara stated promoters hold no interest in the awarding authority, ensuring full compliance with regulatory and transparency standards.
• Bengaluru-based developer manages brands Purva, Provident Housing, and Purva Land, offering housing and plotted developments across diverse market segments.

Reliance Industries’ $100 million JV with Meta marks a pivotal push for India’s AI ecosystem, enhancing digital access and scalability.

• Investec calls the JV a strategic alliance merging Reliance’s infrastructure strength with Meta’s AI expertise for accessible, secure AI services.
• Announced at Reliance’s August 29 AGM, the deal underscores India’s accelerating AI-driven digital expansion and innovation ambitions.
• Reliance shares rise 2% to ₹1,480, outperforming Nifty 50’s 0.5% gain; analysts maintain “buy” rating with ₹1,680 median target.

SBI Life shares jumped on improved product mix and higher sales, despite lower profit from commissions and investment income.

• Value for New Business margin rose to 27.8%, showing improved profitability despite the GST impact and higher commissions paid.
• Annualised premium equivalent sales grew 10% to ₹59.5 billion, highlighting robust customer demand for varied insurance products.
• Analysts, including JP Morgan and Phillip Capita,l maintain “Buy” ratings with a median target price of ₹2,140, citing steady fundamentals.

Dr. Lal PathLabs' board to review unaudited Q2 FY26 results and may announce the second interim dividend for shareholders.

• Board to approve standalone and consolidated financial results for the quarter and half-year ended September 30, 2025, during the meeting.
• Possible declaration of second interim dividend for FY26 on the company’s equity shares, subject to board approval.
• The company offers diagnostic and healthcare testing services across India, focusing on disease prevention, monitoring, and treatment through advanced pathology solutions.

Poonawalla Fincorp launches AI tools enhancing compliance, risk prediction, and employee governance, marking a major shift to predictive operations across the core business.

• Introduced Early Warning, RegIntel, Travel Bot, governance, and AI-driven transaction reporting tools for proactive workforce and compliance management.
• CEO Arvind Kapil confirmed 45 AI projects, 13 completed, emphasizing an industry-first digital transformation initiative across operations.
• The NBFC manages assets worth Rs 47,701 crore as of September 2025, signaling a strong financial footing alongside digital innovation.

Blue Cloud Softech Solutions (BCSSL) has been empaneled by BSNL as a national-level system integrator and 5G FWA partner until 2030.

• BCSSL is authorized to build and manage customer private networks within BSNL’s AP Telecom Circle for five years, ensuring high-quality service delivery.
• Partnership enables BCSSL to provide Internet Leased Line services on a revenue-sharing model, reaching up to 70:30 based on performance.
• India’s 5G FWA market is projected to grow at over 35% CAGR, driven by digital expansion, smart city projects, and rising enterprise connectivity demands.

Ola Electric plans to raise funds through equity or convertible instruments to expand production, charging networks, and strengthen EV technology.

• The fundraising may include a public offer, rights issue, or QIP, pending shareholder and regulatory approvals.
• Funds will support new product launches, R&D, and charging infrastructure growth across India’s EV market.
• Promoters hold 36.78%, and the firm recently entered the Rs 1 lakh crore BESS market with “Ola Shakti.”

Desco Infratech secured ₹6.64 crore contracts for RDSS works in Punjab and HT cable projects in Gujarat under infrastructure development.

• Projects include HT/LT loss reduction in Roopnagar, Punjab, and HT cable laying using HDD technology in Gujarat under the RDSS scheme.
• The company confirmed promoters have no interest in the awarding authority, ruling out related-party transactions under current regulations.
• Desco Infratech specializes in infrastructure, city gas distribution, renewable energy, water, and power sector projects across multiple regions.

Aditya Birla Sun Life AMC’s Q2 FY26 revenue rose 8.74% YoY, while profit before tax declined 5.81% amid strong AUM growth.

• Total QAAUM rose 15% YoY to Rs 4.6 lakh crore, driven by 11% mutual fund and 7% equity fund growth.
• PMS/AIF assets surged eightfold to Rs 30,300 crore, mainly due to the ESIC mandate contributing Rs 25,800 crore this quarter.
• Monthly SIP inflows hit Rs 1,100 crore with 3.9 million active accounts, indicating solid retail investor participation.

Profit before tax surged 66.10% YoY to Rs 188.69 crore, supported by higher revenues from hotel operations and strong cost efficiency.

• Hotel division revenue rose 7.76% YoY to Rs 822.80 crore, reflecting continued demand recovery and improved occupancy across major properties.
• Total expenses increased moderately by 4.23% YoY to Rs 699.72 crore, indicating effective expense control despite inflationary pressures.
• Consolidated H1 FY26 net profit climbed 4.23% on 11.54% revenue growth, underscoring steady business momentum after the 2025 demerger.

RBI plans a Unique Transaction Identifier (UTI) framework for OTC derivatives to improve transparency, global compliance, and regulatory oversight by 2026.

• UTI will uniquely identify each OTC derivative transaction, complementing the Legal Entity Identifier (LEI) system for counterparties.
• Implementation will begin on April 1, 2026, covering rupee, forex, interest rate, and credit derivative transactions.
• The framework enhances global data alignment, allowing regulators better visibility into aggregate OTC derivative exposures across markets.

SBI Life reported robust H1 FY26 performance with solid premium growth, improved margins, stronger persistency, and higher embedded value.

• New Business Premium rose 17% to Rs 18,350 crore, Renewal Premium up 21% to Rs 24,550 crore, driving overall premium momentum.
• Value of New Business grew 14% to Rs 2,750 crore, while margins expanded to 27.8% amid better product mix and persistency gains.
• Indian Embedded Value climbed 15% YoY to Rs 7,600 crore, with AuM up 10% and net worth reaching Rs 18,290 crore.

GST 2.0 earns global praise, boosting India’s economy with rising jobs, purchases, and online transactions during the festive season.

• Nirmala Sitharaman hails GST 2.0 as a symbol of India’s progressive and forward-looking economic vision, attracting international attention.
• The reform created strong employment opportunities during Navratri and Diwali, supporting consumer confidence and domestic demand growth.
• CBIC’s efficiency ensured GST 2.0 rollout ahead of the Prime Minister’s Diwali deadline, marking a major administrative success.

Titan Intech partners with MIC to localize Mini-LED, MIP, and SMD displays in India, boosting domestic manufacturing.

• MoU includes joint R&D, tech transfer, and $1.53 million project for display systems, enabling advanced local manufacturing capabilities.
• Titan Intech receives a seven-year software license for MIC’s mLED Master Suite covering AI diagnostics, calibration, and control functionalities.
• Partnership targets LED controllers, Android boards, and Passenger Information Systems, supporting Make in India, Digital India, and Atmanirbhar Bharat programs.

L&T wins orders for Hindalco aluminum smelter, Tata Steel coke oven, and multiple mining equipment projects across India.

• The Hindalco project includes a 180 KTPA aluminum smelter and gas treatment center, covering engineering, procurement, and construction works.
• Tata Steel order for 1 MTPA Coke Oven Battery 6 A/B includes engineering, manufacturing, supply, construction, and plant installation services.
• L&T’s Product Business Unit secured mining and material handling equipment orders, showcasing engineering excellence and strong customer relationships nationwide.

India’s private sector growth remained strong in October, but service sector expansion slowed, with mixed price trends and moderate job creation.

• HSBC Flash India Composite Output Index fell from 61.0 to 59.9, marking the lowest growth rate since May 2025.
• Manufacturing PMI improved to 58.4, indicating stronger conditions, while international sales and new orders grew at slower rates than in September.
• Employment growth was moderate, input costs rose slowly, and business optimism slightly declined despite continued confidence in future output.

Morgan Stanley warns that India avoiding Russian crude could lower Reliance's FY27 earnings by about 4%, cushioned by product margins and refinery use.

• Higher diesel, gasoline margins, and refinery utilization could offset part of the crude price impact, keeping Reliance resilient amid global supply tightness.
• Indian refiners and consumer firms may see overall earnings drop 5-12%, while state fuel retailers like HPCL benefit from private crude sourcing.
• Global refining margins are expected to remain high through 2027 due to underinvestment, capacity delays, and reduced Russian fuel exports, supporting Indian refiners.

Hindustan Unilever shares fell 3.56% as Q2 PBT declined nearly 5% due to GST-related disruptions.

• New CEO Priya Nair plans targeted volume growth, segmenting consumers, and boosting marketing to restore sales momentum.
• Analysts highlight fast-growing channels like skincare, beauty, and quick commerce as key drivers post-GST disruptions.
• Average rating remains 'buy' with a median price target of 2,820 rupees, reflecting optimism despite near-term volume challenges.

Union Minister Piyush Goyal met German counterparts in Berlin, enhancing trade, investment, technology, and green energy collaborations.

• Goyal and German ministers discussed deepening economic ties, focusing on innovation, sustainability, advanced manufacturing, and investment-friendly policies in India.
• A CEO roundtable highlighted German Mittelstand companies’ interest in expanding business, strengthening B2B linkages, and exploring India’s growing market opportunities.
• Talks included skilling, green energy projects, and bilateral cooperation strategies, reinforcing India-Germany partnership for long-term economic and technological growth.

India’s composite output slowed to 59.9 in October, marking the weakest expansion since May despite continued strong manufacturing activity.

• Services growth softened sharply, dragging composite output lower even as manufacturing PMI hit a two-month high of 58.4.
• New orders and export demand expanded modestly, while job creation matched September’s pace, the joint-slowest since April 2024.
• Input costs rose mildly, but output prices accelerated, and business optimism faded slightly entering the third fiscal quarter.

Urban Company shares fell 3.4% after global brokers highlighted overvalued pricing and a cautious growth outlook.

• Goldman Sachs initiates a “neutral” rating on URBN.NS, targeting 140 rupees, reflecting 11% discount from last close, signaling cautious investor stance.
• Morgan Stanley assigns an “underweight” rating with a 117 rupee target, noting 26% potential downside despite 18-22% projected consumer services growth FY25-28.
• Stock down ~8% since September 17 IPO, with near-term profitability pressured by investments in Instahelp amid the competitive home services market.

India’s Nifty and Sensex rise for a sixth straight session, nearing September 2024 record highs amid strong domestic flows.

• Mutual fund maturity and non-fund domestic flows provide steady support, boosting investor confidence and sustaining market momentum consistently throughout 2025.
• Average monthly fund inflows, excluding ETFs, total $4.3 billion, representing 58% of domestic flows, slightly lower than 2024’s $5.1 billion monthly average.
• SIP assets older than five years now constitute 30%, up from 10%, reflecting rising investor confidence and longer-term market commitment in India.

Epack Prefab Technologies reported soaring profits, strong sales, and a robust order book in H1 FY26 after its recent stock market listing.

• Profit before tax surged 104.1% YoY to Rs 39.05 crore; consolidated net profit jumped 64.3% to Rs 45.49 crore.
• Net sales rose 35.8% YoY to Rs 729.28 crore; EBITDA increased 45.6% YoY to Rs 80.9 crore, showing strong operational growth.
• Order book stood at Rs 655.6 crore; the company offers turnkey pre-fab solutions and manufactures polystyrene sheets for multiple industries.

India’s economy shows resilience despite global uncertainty, as September inflation hits its lowest since 2017, driven by food deflation.

• Headline inflation dropped below the target for eight straight months, showing strong macroeconomic stability despite weak global demand.
• Food deflation remained the primary factor in reducing overall inflation, offsetting pressures from other consumer sectors.
• Core inflation rose slightly due to higher gold prices and increased housing costs, signaling selective inflationary pressures ahead.

Vikram Solar will supply 595 Wp N-Type TOPCon modules to Sunsure Energy, powering renewable projects in Maharashtra and Uttar Pradesh.

• The deal adds to Vikram Solar’s growing list of wins, including AB Energia, L&T Construction, and Gujarat Industries Power Company.
• India’s renewable energy capacity surpasses 125 GW, showcasing strong momentum toward a sustainable and self-reliant clean energy ecosystem.
• Vikram Solar, with 4.5 GW manufacturing capacity and presence in 39 countries, leads India’s photovoltaic module manufacturing industry.

Glenmark introduces bioequivalent Ropivacaine Hydrochloride Injection in the US, expanding its injectable portfolio and ensuring affordable, high-quality therapeutic alternatives for patients.

• The injection matches Naropin by Fresenius Kabi in terms of bioequivalence and therapeutic standards, with US distribution set to begin in November 2025.
• Naropin Injection market reached $20.9 million in annual US sales for the 12 months ending August 2025.
• Glenmark strengthens its generics and branded medicines portfolio across respiratory, dermatology, and oncology therapeutic segments globally.

Global uncertainty increased amid heightened US-China tensions and policy shifts, but India’s economy remained resilient, driven by strong demand in both rural and urban areas.

• CPI inflation hit its lowest since June 2017, offering relief amid global economic instability and rising international policy uncertainty.
• Agriculture maintained growth due to above-normal rainfall and higher kharif sowing, sustaining rural momentum despite global demand weakness.
• Manufacturing slowed slightly, yet business confidence in both the manufacturing and services sectors reached a six-month peak, showing optimism.

India’s private corporates rebounded strongly post-pandemic, showcasing higher profits, improved debt ratios, and stronger balance sheets, per RBI’s October Bulletin.

• Corporate sales peaked at 32.5% growth in 2021-22, stabilizing at 7.2% in 2024-25, signaling sustained post-pandemic momentum.
• Net profits rose to ₹7.1 trillion in 2024-25 from ₹2.5 trillion in 2020-21, boosting net profit margins to 10.3%.
• Debt-to-equity ratios improved, with manufacturing interest coverage reaching 7.7, reflecting enhanced financial resilience across firm sizes.

J&K Bank reported a 10.31% YoY profit decline, 0.79% revenue rise, improved asset quality, and steady margins despite challenging regional disruptions.

• NII rose 3.4% YoY to ₹2,899.43 crore; NIM stayed strong at 3.64%, highlighting consistent earnings from core banking operations.
• Gross NPA fell to 3.32%, deposits rose 10.2%, and advances increased 9.4%, showing robust balance sheet growth and asset improvement.
• CASA ratio at 45.89% remains industry-leading; profitability moderated due to ₹92 crore impairment and ₹180 crore provisioning impact.

Metro Brands reported a 31% QoQ profit decline despite revenue growth; festive demand and store expansion supported steady operational performance.

• Net profit dropped 31% QoQ to ₹68.98 crore; revenue rose 3.65% QoQ and 11.22% YoY to ₹651.14 crore.
• EBITDA grew 10% YoY to ₹171 crore with a 26.2% margin; finance costs surged 35% amid higher operating expenses.
• 42 new stores opened; e-commerce sales jumped 39%, contributing 14.2% of revenue as festive demand boosted brand visibility.

Bajaj Healthcare reported 28% higher profit, driven by robust export growth and margin improvement despite domestic API weakness and global headwinds.

• EBITDA rose 5.4% YoY to ₹28.6 crore, while EBITDA margin slipped to 19.1% from 20% last year.
• Export API revenue surged 66.9% YoY to ₹48.73 crore, offsetting a 5.4% domestic API decline to ₹76.27 crore.
• H1 FY26 net profit jumped 38.2% to ₹22.94 crore on 11.8% higher revenue, highlighting sustained operational strength and strategic execution.

JSW Steel reported a fourfold Q2 profit jump, with brokers raising price targets amid expected steel price recovery.

• Six brokerages increased JSW Steel price targets post-Q2 results, boosting the mean target to Rs 1,121.55 from Rs 1,097.56.
• Analysts expect margin and EBITDA expansion driven by rebounding steel prices, ramp-up of new capacity, and strong domestic demand forecasts.
• Mixed brokerage ratings highlight optimism on profitability, with price recovery and higher volumes expected from November onwards, supporting medium-term growth.

Crisil posted strong Q3 2025 growth, with profits up 14.8% and segment revenues rising across analytics, ratings, and research.

• Ratings Services revenue rose 11.2% YoY to Rs 267.6 crore, maintaining leadership in corporate bond ratings and global analytics growth.
• Research, Analytics & Solutions revenue increased 12.7% YoY to Rs 643.6 crore, driven by Crisil Integral IQ and client-focused buy-side solutions.
• Global expansions continue with new client wins, enhanced benchmarking solutions, and a proposed McKinsey PriceMetrix acquisition for financial analytics leadership.

PVR Inox shares rose 2.26% to Rs 1117.30 after Q2 profit on higher moviegoer footfalls.

• Second-quarter profit rebound driven by strong film releases, despite volatile earnings from uneven blockbuster schedules throughout the year.
• Analysts highlight asset-light initiatives, gourmet food, and consistent revenue strategies as key factors to potentially re-rate the stock.
• Stock maintains 'buy' rating from 17 analysts, median price target Rs 1310, though YTD shares remain down about 14%.

Emirates NBD will acquire a controlling stake in RBL Bank via $3B infusion, open offer, and India-branch amalgamation.

• ENBD’s preferential issue may raise total holding in RBL Bank to 74%, subject to approvals and regulatory shareholding limits.
• RBL Bank Q2 FY26 net profit fell 20% YoY to Rs 179 crore; gross NPA stood at 2.32%, net NPA 0.57%.
• Post-deal, ENBD gains pan-India presence; RBL benefits from ENBD’s credit rating and global banking relationships across 13 countries.

Orient Electric’s Q2 FY26 net profit rose 14.54% to Rs 16.30 crore, driven by strong segmental performance.

• Electrical consumer durables revenue slightly increased 0.31% to Rs 440.91 crore, while lighting & switchgear surged 18.6% to Rs 261.70 crore.
• EBITDA reached Rs 37.9 crore, up 6.4% YoY, with margins stable at 5.4%, reflecting consistent operational efficiency.
• H1 FY26 net profit jumped 19.37% to Rs 29.58 crore, supported by 4% revenue growth and strategic market expansion initiatives.

Revenue dropped 28.42% YoY to Rs 55.41 crore, while profit before tax fell 80.28% amid rising expenses and weaker margins.

• Total expenses rose 7.97% YoY to Rs 50.11 crore despite lower material and employee costs impacting overall profitability.
• Communication segment revenue fell 27.92%, while healthcare surged 81.24%, contributing marginally at Rs 0.29 crore.
• H1 FY26 net profit slumped 75.22% to Rs 7.50 crore on a 16.91% decline in total operational revenue to Rs 107.33 crore.

IndusInd Bank posted a Q2 FY26 loss, with reduced income, deposits, advances, and higher NPAs overall.

• Pre-tax loss was Rs 583.85 crore versus Rs 1,779.73 crore profit last quarter in the period.
• Net profit fell to Rs 436.88 crore, deposits dropped 6%, and advances fell 8.78% period.
• Capital adequacy improved to 17.10%, CASA share 31%, network expanded to 3,116 branches across India.

ICICI Bank Q2 FY26 shows robust growth: income, profit, and NII rise; deposits, advances expand significantly.

• Gross NPA ratio fell to 1.58%, net NPA to 0.39%, and provisioning coverage at 75% levels.
• Capital adequacy reached 17%, CET, 1 at 16.35%, far exceeding regulatory minimums comfortably for future stability.
• Revenue grew 3.39% to Rs 49,333.49 cr; fees income up 10.1% reaching Rs 6,491 cr in the quarter overall.

Punjab National Bank posted ₹4,904 cr profit, a 14% rise, better asset quality, and strong retail growth.

• Net interest income slightly fell to ₹10,469 cr, down from ₹10,517 cr year‑on‑year in the quarter.
• Gross NPA ratio improved to 3.45%, while net NPA dropped to 0.36% this quarter overall.
• Retail advances rose 8.8% YoY; housing loans up 12.9%, vehicle loans surged 31% in Q2.

Hindustan Zinc Q2 FY26 profit surges 13.83% to ₹2,649 crore, driven largely by silver revenues.

• Revenue rose 3.6% YoY to ₹8,549 crore, while EBITDA reached a record ₹4,467 crore in the quarter.
• EBITDA margin expanded to 52%, and the zinc cost of production fell to a low $994 tonne.
• Commissioned 160 Ktpa roaster, completed Dariba debottlenecking, Chanderiya smelter set to boost capacity 21 Ktpa.

Reliance Industries posted a 14.3% profit rise, driven by Jio's 506M subscribers and strong digital growth.

• Digital revenue surged 14.9% YoY to ₹42,652 crore, EBITDA up 17.7% YoY this quarter overall.
• Subscriber base grew 5.6% YoY to 506 million; ARPU rose 8.4% to ₹211.4 per subscriber.
• JioTrue5G users hit 234 million; 5G accounts for ~50% traffic, data consumption 38.7 GB/month this quarter.

YES Bank Q2 FY26 profit rose 18.2% to ₹654 crore, with strong deposit and loan growth.

• Net interest income grew 4.6% YoY to ₹2,300 crore; NIM was stable at 2.5% this quarter overall.
• CASA deposits rose 12.5% YoY, reaching a 33.7% ratio; advances hit ₹2.5 lakh crore in the quarter alone.
• SMBC became the largest shareholder with a 24.2% stake; SBI retains over 10% ownership in the bank.

IDFC First Bank’s Q3 FY26 profit jumps 75.5% to ₹352.3 crore, driven by loan growth and deposits.

• Interest income rose 11% to ₹9,936.8 crore; net interest income increased 6.78% to ₹5,113 crore in Q3.
• Gross NPA fell to 1.86% from 1.92%; net NPA stands at 0.52% for the quarter now.
• Customer deposits grew 23.4% YoY, loans 19.7% YoY; Opex rose more slowly than business in 2025.

Crisil Q3 2025 shows strong growth across ratings, analytics, and global benchmarking initiatives with the acquisition.

• Ratings Services income rose 11.2% YoY to Rs 267.6 crore, driven by corporate bonds.
• Research, Analytics & Solutions posted Rs 643.6 crore, up 12.7% YoY, boosting Integral IQ traction.
• Profit before tax increased 14.8% to Rs 262.3 crore; acquisition expands wealth management benchmarking capabilities.

Tejas Networks' Q2 FY26 revenue plummeted 90%, reporting Rs 262 crore and significant losses amid operational challenges.

• Revenue fell to Rs 262 crore, down 90.68% YoY, with pre‑tax loss of Rs 473 crore and negative cash flow.
• Inaugurated BSNL 4G network, 97,000 sites, launched 64T64R massive MIMO, 1.2Tbps DWDM product rollout success.
• Order book stands at Rs 1,204 crore; targeting 400G DWDM growth across India, Europe, Africa, and global expansion.