Business & Corporate News
Latest coverage and real-time analytical updates in Business.
How Specialised Investment Funds Are Taxed in India: Rules for Equity, Debt and Hybrid Strategies
Specialised Investment Funds (SIFs) are taxed on a passâthrough basis, but the rate varies with the fundâs asset mix. Equityâoriented SIFs follow mutualâfund rules, debtâoriented funds are taxed at the investorâs slab, and hybrid funds depend on composition. Capital gains arise only on redemption, and proper ITR reporting is essential.
Megri Soft Q3 FY26 sales jump 71%, profit more than doubles YoY
Megri Soft reported a 71.56% increase in net sales to Rs 0.91 crore and a 107.45% surge in net profit to Rs 0.29 crore for the September 2026 quarter versus September 2025. EBITDA rose 90.91% to Rs 0.42 crore, while EPS more than doubled to Rs 0.92.
Rivetâs integrated designâconstruction model reshapes Indian office spaces as firms expand
As Indian companies grow and set up global capability centres, workplace design is becoming a core business decision. Rivetâs businessâfirst, integrated approach combines planning, architecture and construction, leveraging BIM and digital visualisation to deliver adaptable offices that align global brand standards with local needs.
Lemon Tree Hotels posts 18% revenue rise in Q2FY27, eyes demerger and higher margins
Lemon Tree Hotels reported INR 3.6 bn revenue for Q2FY27, up 18% YoY, with EBITDA up 22% and margins improving by 152 basis points. The firm is moving ahead with a demerger that will create an assetâlight brand and a separate listed ownership platform, Fleur Hotels, while maintaining a BUY rating with a INR 151 target price.
Prabhudas Lilladher lifts Lemon Tree Hotels' EBITDA outlook, maintains BUY rating
Prabhudas Lilladher raised its FY27âFY29 EBITDA estimates for Lemon Tree Hotels by about 3% after the hotel chain posted a 44.2% EBITDA margin and a net exceptional gain of INR 221 mn. The analyst expects margins to climb to 51% by FY29E and keeps a BUY call with a target price of INR 160.
TamilâŻNadu secures RsâŻ1,370âŻcrore automotive investment from Hwashin and Seoyon EâHwa
Two Koreanâlinked automotive firms, Hwashin Automotive India and Seoyon EâHwa Summit, pledged a combined Rs 1,370 crore over five years to expand R&D, technology and skill programmes in Tamil Nadu, countering socialâmedia claims of a shift to Andhra Pradesh.
Nifty 50 climbs 0.84% to extend twoâweek rally, eyes 25,500 resistance
On November 11 the Nifty 50 rose 0.84%, pushing its twoâweek gain above 11%. Strong foreign inflows, easing oil prices and bullish technical signals kept the market upbeat, while the RSI neared overbought levels and options data highlighted 25,500 as a key shortâterm resistance.
Foreign investor share in NSE stocks drops to 14âyear low as promoters and domestic funds surge
Foreign Institutional Investors (FIIs) owned 15.57% of NSEâlisted companies at the end of September, the lowest share since 2012. Private promoters rose to a threeâyear high of 41.93%, while mutual funds reached an allâtime high of 11.82%, signalling a structural shift toward domestic ownership.
Indian corporates line up âš280âŻbn of bonds as yields plunge ahead of RBIâs December rate meeting
A group of Indian companies, including stateârun lenders and nonâbank financiers, plan to raise about âš280 billion in bonds before the end of November after a sharp fall in yields created a shortâlived window for cheaper borrowing. The move comes as the RBI is expected to consider another rate hike in December.
Indiaâs Climate Challenge Amid COP31: New Delhiâs Smog Highlights Gap Between Targets and Reality
As COP31 convenes in Turkey, New Delhiâs worsening air quality underscores Indiaâs struggle to meet its 2070 netâzero pledge. The country ranks third globally in total emissions, yet perâcapita output remains low. Energy intensity has fallen 57% over three decades, but financing and policy gaps persist.
Wall Street futures rally on CoreWeave earnings, lifting Indian indices to eightâmonth highs
US futures surged after AIâinfrastructure firm CoreWeave posted a sharp Q3 revenue jump and signalled profitability by midâ2028, easing AIâsector valuation worries. The upbeat tone lifted Asian and European markets and helped Indiaâs Sensex and Nifty open at eightâmonth peaks.
ICICI Securities: Whirlpool of India posts 13.7% YoY revenue rise in Q2FY27 but margins stay under pressure
Whirlpool of India reported a 13.7% yearâonâyear revenue increase in Q2FY27, driven by volume growth and premiumâproduct pricing. However, margins were squeezed by higher commodity costs, a weaker rupee and BEEâtransition expenses, prompting a 5% price hike from 1 Nov 2026 and a revised target price of INR 758.
This week gave us a Blue tsunami, an AI apocalypse scare and a scorching Diwali rally, all before th
This week gave us a Blue tsunami, an AI apocalypse scare and a scorching Diwali rally, all before the lamps were even lit Explore 230+ exclusive editorials every month Uncover Insights from World-Renowned Experts and Journalists 40+ weekly investm
House Sends Impeachment Articles Against Defense Secretary Pete Hegseth to Committee, Halting Effort
The U.S. House voted 211â204 on Nov 10 to refer eight impeachment articles against Defense Secretary Pete Hegseth to the Republicanâled Judiciary Committee, effectively pausing the effort for the remainder of the 118th Congress. All Republicans except Rep. Thomas Massie supported the referral, while Democrats and Massie opposed it.
IIFL Finance raises RsâŻ6,414âŻcrore, Blackstone leads RsâŻ5,000âŻcrore infusion, lifting capital adequacy to ~30%
IIFL Finance announced a Rs 6,414 crore equity raise, with privateâequity giant Blackstone contributing Rs 5,000 crore. Founder Nirmal Jain said the fundraise will push proâforma capital adequacy from 17% to about 30% and cut net gearing to 2.8x, enabling faster growth in gold loans and other secured retail credit.
Karnataka unveils civil aviation policy as Shivamogga airport faces imminent flight suspension
Karnataka's Infrastructure Development Minister MB Patil said a new civilâaviation policy, covering funding and airport management, will be tabled at the next cabinet meeting. The move comes as Shivamogga airport risks a complete halt of services from Nov 21 after the UDAN subsidy ends.
Blackstone to invest RsâŻ5,000âŻcr for ~16% stake in IIFL Finance
Blackstone will acquire an approximately 16% holding in IIFL Finance through a Rs 5,000âcrore preferential issue, part of a Rs 6,414âcrore fundraise. The capital boost is set to lift the NBFCâs capital adequacy ratio to about 30% and fuel growth in its securedâlending franchise.
Air India eyes former Singapore Airlines veteran Balagopal Kunduvara as new CFO
Air India is weighing former Singapore Airlines executive Balagopal Kunduvara for chief financial officer as the carrier seeks 100 billion rupees in fresh funding and works to reverse a 220 billionârupee loss under CEO Tewolde Gebremariam.
EPFO rolls out fiveâstep online process to correct PF account details
The Employees' Provident Fund Organisation (EPFO) has outlined a fiveâstep procedure on its Unified Member Portal for members to amend incorrect personal or employment data, using the Joint Declaration facility and supporting documents.
Bank Nifty poised to retake record high ahead of Nifty 50, says Teji Mandi analyst
Jatin Gedia of Teji Mandi expects Bank Nifty, now 3.3% below its allâtime high, to surpass its record before the Nifty 50, which is 5% away from its peak. He cites bullish chart patterns, strong FII inflows and highlights Meesho and GMR Airports as top upside picks.
Gold and Silver Slip Slightly on NovâŻ10 as Markets Await US Inflation Data
International gold fell 0.45% to around $4,122 per ounce and silver slipped 0.40% to just over $53 as traders awaited US inflation numbers. In India, spot gold closed at Rs 1,41,838 per 10 g and MCX gold futures edged lower, while Brent crude eased to $92.33 a barrel after President Trump hinted at ending the Iran conflict.
Anthropic launches Claude Fable 5.2 and Claude Mythos 5.2 ahead of IPO
Anthropic introduced two new AI models â Claude Fable 5.2 for coding and reasoning, and Claude Mythos 5.2 for vetted cybersecurity and lifeâscience research â promising up to 30% faster output and lower token pricing as the startup readies for an IPO.
Hindustan Unilever lifts MRPs on Surf Excel, Rin, Wheel and Moti Gulab by up to 11%
Hindustan Unilever Ltd has increased the maximum retail prices of several homeâcare items, including Surf Excel, Rin, Wheel and Moti Gulab soap, with hikes ranging from Rs 1 to Rs 10 â a maximum of about 11%. The moves reflect continued pressure from rising input costs and the company's effort to protect margins.
Citadel Securities expands Asian footprint with new hires and larger Hong Kong office
Citadel Securities is boosting its Asian trading operation, adding nearly 100 employees to reach about 400 in the region and expanding its Hong Kong office by 40%. CEO Peng Zhao says the firm will partner with banks to meet rising demand for nonâUS products and may launch blockâsize trading services in Asia.
Jefferies lifts India weight in AsiaâPacific portfolio as AIâcapex risk prompts shift away from Korea and Taiwan
Jefferies has increased its India allocation to 14% in its AsiaâPacific exâJapan relativeâreturn fund, while trimming South Korea and Taiwan to 18% and 24% respectively. The move reflects strategist Christopher Woodâs view that the global AI capitalâexpenditure cycle may be peaking, prompting a tilt away from semiconductorâheavy markets.
ICICI Securities projects Tata Steel's FY27 EBITDA at INR 105bn and expects stronger secondâhalf performance
ICICI Securities estimates Tata Steel's consolidated EBITDA at INR 105 billion for FY27, matching its own expectations with an 18% YoY rise. The broker sees a better second half, driven by higher Indian realisation prices, volume growth and operating leverage, while cokingâcoal costs rise modestly.
EU sues IBM, Atos and Leonardo over delays in Entry/Exit System rollout
The European Union has taken legal action against IBM, French IT group Atos and Italian defence contractor Leonardo, accusing them of repeated postponements in delivering the Entry/Exit System that records nonâEU nationals at Schengen borders. The agency says the lawsuit does not affect the systemâs current operation.
BJP accuses Congress of voteâbank appeasement after Kharge calls Diwali an âEid of Happinessâ
BJP spokesperson Pradeep Bhandari labeled Congress president Mallikarjun Khargeâs description of Diwali as an âEid of Happinessâ as antiâHindu appeasement aimed at winning votes in the 2027 Uttar Pradesh Assembly polls. The party also criticised Congress for past remarks on Hindu festivals and the Ram Mandir.
Equitas SFB MD Vasudevan resigns amid RBI query over daughterâs NBFC link
Vasudevan stepped down as managing director of Equitas Small Finance Bank on Oct 29, citing a perceived conflict of interest that has weighed on the bankâs share price. The RBI has asked the bank to clarify his relationship with Unico Housing Finance, an NBFC promoted by his daughter, and whether the board was fully informed when he sought a threeâyear term extension.
US Democratic Midterm Sweep Triggers AI Stock Pullback, Boosts Gold and Oil Volatility
A Democratic sweep of the US midterms from Nov 9 sparked a sharp sellâoff in AIâlinked equities and a steep oil repricing on hopes of an Iran settlement, while a surprisingly strong October jobs report kept the Federal Reserve on a higherâforâlonger rate path.
Anthropic to spend $3.4âŻbn on 1.7âŻGW of gasâfired generators for its data centres
Anthropic PBC has agreed to pay $3.4 bn for 1.7 GW of heavyâduty gasâfired generators from OnePWR Solutions, marking the largest known single powerâgeneration purchase by an AI lab. The move signals AI firmsâ drive to control their own energy supply as they plan to spend over $895 bn on computing infrastructure in the coming years.
NSE chief says Indiaâs growth to accelerate in 2025 as savings surge and foreign investors return
Ashishkumar Chauhan, MD & CEO of the National Stock Exchange, told ANI that Indiaâs 7.5% FYâ2024 GDP growth will likely pick up next year, driven by robust savings, improving fiscal health and renewed foreign investor interest, even as oil import dependence remains a risk.
Nifty 50 eyes 25,200 resistance as rally extends; Bank Nifty targets 60,500
After a sevenâday rally, the Nifty 50 closed at 25,030 on Nov 6, while Bank Nifty rose to 59,086. Technical analysts flag resistance at 25,100â25,200 for Nifty and 60,000â60,500 for Bank Nifty, with overbought RSI suggesting possible consolidation ahead.
Indian Oil Corp to buy its own crude and LPG tankers amid Hormuz shipping disruptions
Indian Oil Corporation (IOC) announced that its board has approved the purchase of crude oil and LPG carriers, and is also looking at building ships in India. The move responds to heightened freight rates and warârisk insurance costs caused by disruptions near the Strait of Hormuz, and aims to tighten control over the companyâs supply chain.
Maharashtra CM Devendra Fadnavis announces RsâŻ5,000 relief for 1.5âŻcrore farmers amid drought
Chief Minister Devendra Fadnavis told villagers in Nagpur district that the state will deposit Rs 5,000 in the accounts of about 1.5 crore farmers, waive electricity bills and launch additional schemes to mitigate the impact of a severe drought.
Indian American Voters Turn Away from Republicans in 2026 Midterms, Citing Domestic Issues
A CarnegieâYouGov survey shows 62% of Indian American voters intended to back Democrats in the November 2026 US midterms. Political scientist Sumitra Badrinathan says the shift reflects concerns over jobs, cost of living and immigration policy rather than USâIndia relations.
State Bank of Indiaâs California arm opens first branch outside the state in Frisco, Texas
State Bank of India (California), the U.S. subsidiary of Indiaâs largest lender, inaugurated a new branch in Frisco, Texas, marking its first expansion beyond California. The ceremony was attended by SBI Group Chairman Challa Sreenivasulu Setty, Indiaâs Consul General in Houston DC Manjunath and Frisco Mayor Mark Hill.
Doctors warn against excess sweets and high airâpollution exposure as health risks rise
Medical experts across India advise moderation in sweet consumption during festivals and urge people to limit exposure to poor air quality, especially when AQI reaches hazardous levels, citing risks such as respiratory illness, cardiovascular events and heightened vulnerability for children.
Berkshire Hathaway Q3: $9.6âŻbn share buyâback amid 43% drop in insurance underwriting
Berkshire Hathaway spent about $9.6 bn repurchasing its own stock in Q3, while operating earnings slipped 5.8% to $12.7 bn as insurance underwriting fell 43% due to higher Geico losses. Cash rose to roughly $357 bn after Treasury bill adjustments.
ICICI Securities upgrades Krishna Institute of Medical Sciences to BUY as Q2 revenue jumps 40% YoY
Krishna Institute of Medical Sciences (KIMS) posted a 40% yearâonâyear revenue surge in Q2, with EBITDA up 31.5% YoY but margins slipping to 20%. ICICI Securities raised FY27â28 revenue forecasts by up to 3% and upgraded the stock to BUY, keeping a target price of INR 885.
ICICI Securities trims Bharat Forge target price to INR 2,150 as inflation hits EBITDAM
ICICI Securities says Bharat Forge's consolidated EBITDAM fell short of its estimate because of higher inflationary costs. Management remains upbeat on truck and commercialâvehicle demand, while defence, semiconductor and aerospace orders expand the order book. The brokerage narrows its FY27/28 EBITDA forecast by 1â2% and lowers the target price to INR 2,150.
Brokerages highlight Diwali Muhurat picks for SamvatâŻ2083 with upside ranging up to 52%
Ahead of the Diwali Muhurat session, Indian brokerages HDFC Securities, Nuvama, PL Capital and Monarch Networth Capital have listed 22 stocks across sectors that could deliver returns of 15â52% by next Diwali, citing technical breakouts, improving fundamentals and a possible market recovery.
SBI Securities' Sudeep Shah sees bullish bias for Nifty but warns of overbought risk ahead of Muhurat session
Sudeep Shah, head of technical research at SBI Securities, expects the Nifty 50 to continue its rally into the Muhurat session, citing strong seasonality and recent foreign inflows. However, an RSI near 79 signals overbought conditions, prompting a recommendation to book partial profits and focus on picks like Axis Bank, Bajaj Finance and TVS Motor.
Managing Risk in a Rapid Nifty Rally: Options and Futures Strategies
The Nifty has surged over 1,800 points in fewer than ten sessions, prompting traders to rethink entry tactics. Experts advise controlledârisk approachesâusing options for capped loss or pairing futures with protective putsâto stay in the rally without exposing the portfolio to outsized damage.
Voltas Names Noel Tata Chairman Emeritus, Sunil DâSouza New Chairman and Outlines Succession Plan
Voltas Ltd will retire Noel N. Tata as Chairman and Director on 11 Nov 2026, appoint him Chairman Emeritus the next day, and install Sunil DâSouza as the new Chairman. The board also announced the retirement of MD CP Mukundan Menon and the future appointment of Jayant Balan as Managing Director from May 2027.
Public sector oil firms dispute Karnatakaâs claim of excess ethanol in petrol
Indian Oil, Bharat Petroleum and Hindustan Petroleum have rejected Karnatakaâs allegation that petrol sold in the state contains 26â31% ethanol, saying their own tests show compliance with the 20% blend limit and pointing to gaps in the stateâs sampling and testing procedures.
Enforcement Directorate raids Bengaluru offices of CoinDCX and Delta Exchange over alleged FEMA breaches
The Enforcement Directorate searched three Bengaluru premises linked to crypto platforms CoinDCX and Delta Exchange, accusing them of routing billions of rupees through stablecoins to overseas exchanges without FEMA authorisation. The probe, launched on Nov 4â5, also flags possible breaches of securities and RBI laws.
Dr Kuradeâs mushroom venture reaches RsâŻ117âŻcrore turnover, posting 37% growth in FY25
Goaâbased mushroom farmer Dr Sangam Kuradeâs privately held firm has grown to a Rs 117 crore enterprise, marking a 37% jump from the previous year. The company, which started in 1994, now harvests 28,000 kg daily and is expanding beyond fresh produce.
PL Capital flags eight Indian stocks for SamvatâŻ2083, cites BEL, Britannia and ICICI Bank as top largeâcap bets
Brokerage PL Capital has identified eight equities across large, mid and smallâcap segments for Samvat 2083. Largeâcap selections include Bharat Electronics, Britannia, ICICI Bank and Shriram Finance, while midâcap picks feature Blue Star, CESC and Delhivery, and IngersollâRand India rounds out the list. The firm also outlines a volatile 2022 backdrop and key themes for the coming year.
Explore 230+ exclusive editorials every month
Explore 230+ exclusive editorials every month Uncover Insights from World-Renowned Experts and Journalists 40+ weekly investment ideas + 3 to 4 daily technical calls Exclusive Live Webinars for Expert Trading & Investment Strategies! Stay ahead w
Explore 230+ exclusive editorials every month
Explore 230+ exclusive editorials every month Uncover Insights from World-Renowned Experts and Journalists 40+ weekly investment ideas + 3 to 4 daily technical calls Exclusive Live Webinars for Expert Trading & Investment Strategies! Stay ahead w
IRFC Q3 FY2026 Net Sales Jump 23% as Profit Rises 10% to RsâŻ1,958.48âŻcr
Indian Railway Finance Corporation reported a 23.45% rise in net sales to Rs 7,866.41 cr for the quarter ended September 2026, while net profit grew 10.21% to Rs 1,958.48 cr. EBITDA climbed 24.59% and earnings per share reached Rs 1.50, though the stock fell to Rs 80.13.
Swaraj Engines posts 26% rise in Q3 net sales to RsâŻ635.19âŻcr, profit up 22%
For the quarter ended September 2026, Swaraj Engines reported net sales of Rs 635.19 crore, a 26.02% jump from the same period a year earlier, while net profit rose 21.92% to Rs 60.57 crore. EBITDA and earnings per share also improved, though the stock has slipped over the past year.
Nasdaq slides 5.5% on AIâregulation fears; Nifty jumps 2.4% as Bharti Airtel posts strong Q2 results
The Nasdaq Composite recorded its biggest oneâday drop in 19 months, falling 5.52% after Democrats seized control of the US Congress and chipmakers warned of tougher AI rules. In contrast, Indiaâs Nifty 50 surged 2.40% to 24,536.6, buoyed by Bharti Airtelâs 30.9% profit jump and broader global cues.
Retail investors lose over RsâŻ100âŻcrore in alleged unauthorised trades on Stockal platform
Around 30 Indian retail investors claim that Stockal Securitiesâ platform was used to liquidate US blueâchip holdings without their consent, resulting in losses exceeding Rs 100 crore. The investors have filed complaints with SEBI, FINRA and the US SEC, while Stockalâs parent, Borderless Investing, denies any breach.
Agility Robotics lists on Nasdaq, becoming first USâlisted humanoid robot maker
Oregonâbased Agility Robotics went public on Nasdaq under the ticker AGLT after merging with Churchill Capital Corp. XI. Backed by Foxconn, Nvidia, Amazon and SoftBank, the firm starts with $465 million in cash and $300 million in committed orders for its latest humanoid, Digit 5, aimed at easing US warehouse labour shortages.
Meta to Offer Voluntary Exit Packages to Up to 100 Employees in France
Meta is preparing a collective voluntary exit scheme for roughly oneâthird of its 300âstrong French workforce. Employees have until 5 Nov to apply for severance of 2.15 monthsâ pay per year of service and 10 months of mobility leave at 80 % salary, mirroring moves by Google and Microsoft.
DriveWealth says Stockal breach unrelated as unauthorized US stock trades hit Indian investors
DriveWealth clarified that the unauthorised USâstock trades affecting around 30 Indian retail investors on Stockalâs platform are not linked to its own systems. Stockalâs parent, Borderless Investing, is probing a possible socialâengineering attack while DriveWealth deals with a separate September 2026 data breach.
SBI Securities sees gradual equity recovery in FY27 on earnings boost and strong domestic liquidity
SBI Securities projects a steady rebound for Indian equities in FY27, citing broad earnings growth, robust domestic institutional inflows and reasonable valuations, while noting that lower crude oil prices and improved global sentiment are needed to sustain the rally.
Maxwell Engineering Solutions IPO commands ~71% greyâmarket premium ahead of NSEâŻEmerge debut
Maxwell Engineering Solutions' shares traded at a 71.5% greyâmarket premium on November 5, implying a potential listing price of about Rs 271. The Rs 57.64âcrore IPO was subscribed 491 times, with strong demand from nonâinstitutional investors, and the listing is set for November 6 on NSE Emerge.
Gold and Silver Rise on NovâŻ5 as Dollar Weakens and US Midâterm Uncertainty Fuels SafeâHaven Demand
On November 5, international gold touched $4,127 and silver $52, driven by a softer US dollar, falling crude prices and heightened safeâhaven demand after the US midâterm elections. Indian futures mirrored the rally, while analysts warn that Fed policy and upcoming US employment data will shape the next move.
Mukul Agrawal exits Ajmera Realty as PGIM India lifts stake in Ganesh Consumer Products
Ace investor Mukul Agrawal sold his entire 37.97 lakhâshare holding in Ajmera Realty for Rs 53.4 crore, while PGIM Indiaâs Equity Growth Opportunities Fund bought an additional 2.5 lakh shares of Ganesh Consumer Products for Rs 4.7 crore. Wallfort PMS also trimmed its position in My Mudra Fincorp.
Google expands voluntary exit programme to five countries amid AIâfocused cost controls
Alphabetâs Google has widened its voluntary employee exit scheme to include Canada, France, Germany, Japan and Switzerland. The move, aimed at curbing costs while the firm pours money into AI and cloud, follows similar programmes in the US and UK and comes as investors worry about heavy AI spending.
Gold price correction fuels value growth but flat volumes for Dhanteras jewellery sales
A 12% fall in gold prices has lifted consumer sentiment ahead of Dhanteras on Nov 6. Industry bodies expect jewellery sales value to rise 20â30% yearâonâyear, while volume growth remains flat. Lightweight designs, 18âkarat gold and silver are gaining traction.
Dabur posts 11.6% Q2 profit rise to Rs 506 crore, announces CEO transition
Dabur reported a net profit of Rs 506 crore for Q2 ended September 30, beating analystsâ expectations. Revenue grew 11.6% to Rs 3,563 crore. The firm also announced the resignation of global CEO Mohit Malhotra and the appointment of Herjit S Bhalla as Wholeâtime Director, effective November 2026.
Container Corp Q2 FY27 revenue flat, EBITDA margin beats estimates, Motilal Oswal retains BUY
Container Corporation reported flat YoY revenue of INR 23.7 billion in Q2 FY27, with EBITDA margins of 22.9% beating forecasts. Motilal Oswal kept its BUY call, targeting INR 530 per share and forecasting 7% revenue CAGR through FY28.
NSE Q2 FY27 earnings dip as CAS cuts transaction fees, but listing services rise
The National Stock Exchange posted a 11% quarterâonâquarter revenue decline to Rs40.67 bn in Q2 FY27, driven by a 16% fall in transaction charges after the new Clearing and Settlement (CAS) system went live. Listing services revenue rose to Rs1.5 bn, while EBITDA slipped 13% to Rs30.79 bn. Emkay maintains a BUY rating with a Rs2,050 target price.
MCX shares drop 5% after Q2 FY27 profit beats prior year but falls short of estimates
Multi Commodity Exchange of India posted a net profit of Rs 455 crore for the September quarter, more than double the yearâago figure, but earnings missed brokerage forecasts, sending the stock down 5% to Rs 3,319 on Nov 4.
BHEL secures Rs 20,000â28,000âŻcr orders from Adani Power as rupee steadies and gold demand slips
Bharat Heavy Electricals Ltd (BHEL) landed orders worth between Rs 20,000 cr and Rs 28,000 cr for four Adani Power projects. The rupee opened at 94.56 per dollar, while global gold demand fell 1% in Q3. Despite lower jewellery purchases, Indian gold spending rose, and the Dhanteras gold market has grown 4.6âtimes since 2016.
Airbus aims to source $2âŻbn of components from India by 2030 as it targets 15% of annual output
Airbus announced plans to raise its annual procurement from India to $2 bn by 2030, representing about 15% of its total production. The move includes higherâvalue aerostructure assemblies, digital avionics, rawâmaterial sourcing and expanded pilotâtraining capacity as the Indian civilâaviation fleet is set to double.
Tamil Nadu leads India S&T Scoreboard in research output, while Uttar Pradesh and Maharashtra follow
Niti Aayog unveiled its India Science & Technology Scoreboard, showing Tamil Nadu with 44,611 research papers in 2024â25, ahead of Uttar Pradesh and Maharashtra. The interactive platform also ranks patent filings, with Tamil Nadu first, Maharashtra second and Karnataka third, aiming to drive evidenceâbased policy across states.
NSE posts 23% jump in Q2FY27 profit as cashâmarket volumes surge 24%
The National Stock Exchange of India reported a consolidated profit of Rs 2,578 crore for Q2FY27, a 23% increase yearâonâyear, driven by a 24% rise in cashâmarket average daily traded volume and a 9% lift in transactionâcharge revenue. Total income grew 9% to Rs 4,554 crore while expenses fell sharply.
Just 200 Indian firms drive half of all CSR spending, study finds
A Give Grants study reveals that 200 Indian companies are responsible for 49% of the nationâs CSR outlay, running 12,500 projects with an average size of Rs 1.6 crore. Thousands of smaller firms manage the remaining projects at far lower budgets, highlighting a stark concentration in corporate social investment.
ICICI Securities trims PCBL Chemical FY27âFY28 EBITDA forecasts, cuts target price to INR 275
ICICI Securities revised its FY27 and FY28 EBITDA estimates for PCBL Chemical, cutting them by 10% and 3.8% respectively and lowering the target price to INR 275. The downgrade follows a 17% YoY fall in carbonâblack volumes in Q2 FY27, though gross profit per kilogram remains robust.
Aarti Industries posts 75% YoY revenue jump in Q2FY27, EBITDA up 41%
Aarti Industries reported Q2FY27 revenue of Rs36.7 bn, a 75% yearâonâyear increase, and EBITDA of Rs4.1 bn, up 41%. Growth was driven by higher volumes, rawâmaterial price passâthrough and strong demand in both Energy and nonâenergy segments. The firm maintains an Accumulate rating with a Rs476 target price.
Mukesh Ambani overtakes Zhang Yiming to become Asia's richest amid Reliance's record quarter
Reliance Industries' shares surged nearly 12% after the company posted its strongest JulyâSeptember quarter, lifting Mukesh Ambani's net worth to $88.8 billion and making him Asia's richest person, ahead of ByteDance coâfounder Zhang Yiming.
ITC shares stall at RsâŻ266.5 as Q2 FY27 profit falls 20% on higher cigarette taxes
ITC Ltdâs shares were unchanged at Rs 266.5 on Tuesday following a 20% YoY decline in Q2 FY27 standalone net profit, driven by a steep rise in cigarette excise duties and falling volumes. Analysts kept their ratings but widened price targets, citing strong growth in nonâcigarette segments.
Apple posts Q4 revenue of $114.5âŻbn, driven by iPhone 18 Pro demand and price hikes
Apple reported fiscal fourthâquarter revenue of $114.48 bn, topping analyst forecasts, with earnings per share of $2.10. Strong early demand for the iPhone 18 Pro line and price increases on older models helped offset higher memoryâchip costs. The company also flagged supply constraints for its new iPhone Duo foldable.
Anthropic files for IPO targeting $1.5âŻtrillion valuation as Q3 revenue reaches $17âŻbillion
Anthropic PBC announced a thirdâquarter revenue of nearly $17 billion and filed for an IPO on Oct 26. The filing shows a net loss of $23.3 billion, operating expenses up 292%, and a valuation target of $1.4â$1.5 trillion, with a possible peak of $1.75 trillion.
India's 10âyear bond yield slides to 7.32% as oil prices retreat
The benchmark 10âyear Indian government bond yield closed at 7.32% on Nov 2, its best session since early April, after Brent crude slipped below $110 a barrel and US Treasury yields eased. Lower oil prices eased importedâinflation worries and trimmed expectations of further RBI rate hikes.
Wockhardt Q3 FY27 profit drops 11% as Zaynich launch costs bite
Wockhardt reported a consolidated net profit of Rs 73 crore for the September quarter of FY27, an 11% YoY decline, while revenue rose 24% to Rs 969 crore. The dip reflects Rs 36 crore of preâlaunch expenses for its new antibiotic Zaynich, despite strong topâline growth and expanding biotech sales.
NTPC posts 11% revenue beat in Q2 FY27, but EBITDA margin narrows
NTPC Ltd reported standalone revenue of INR 458 billion for Q2 FY27, 11% above consensus, while EBITDA held at INR 109 billion, with the margin falling 180 basis points to 23.8%. Adjusted profit after tax rose 14% to INR 53.4 billion, helped by regulatory deferral income. Analysts keep a target price of INR 360.
Indiaâs October data shows record vehicle sales, UPI transactions and GST collections
In October, Indiaâs economy posted strong festiveâseason momentum: passengerâvehicle wholesales crossed 5 lakh units, UPI transactions hit 25.5 billion with daily value over Rs 1 lakh crore, and GST collections surged 22.9% YoY to Rs 2.31 lakh crore, despite global headwinds.
Gold nudges higher on NovâŻ2 as Indian futures rise 0.4% after a yearâlow dip
International gold climbed 0.5% to $3,896 per ounce on Nov 2, while Indian December futures rose 0.42% to Rs 1,39,065 per 10 g. Analysts warn the rebound faces technical resistance and the broader trend remains bearish amid USâIran tensions and upcoming US economic data.
India on track to meet FY27 fiscal deficit target of 4.3% of GDP, says Goldman Sachs
A Goldman Sachs research note, cited by ANI, finds that India is poised to achieve its FY27 fiscal deficit goal of 4.3% of GDP despite higher spending pressures, thanks to strong corporate tax collections offsetting weaker fuelâduty revenues.
Tech CEO Rahul Ghose sees Nifty IT rally extending, flags 20â25% upside for Coforge and Tech Mahindra
In a Moneycontrol interview, Octanom Tech founder Rahul Ghose said the Nifty IT index has formed bullish engulfing candles and an inverse headâandâshoulders pattern, suggesting the rally is more than a relief move. He recommends buying Coforge and Tech Mahindra on dips, sees 20â25% mediumâterm upside, and also comments on Nifty 50, crude oil and other stocks.