Nashik is Yulu’s second market in Maharashtra after Mumbai, where its hyperlocal EV ecosystem has helped delivery persons with affordable green rides

Delhi Chief Minister Rekha Gupta celebrated Karwa Chauth with women at her residence, wishing them well-being and happiness during the festival.

State Disaster Management Minister Suresh Pujari said 313 teams comprising nine from the National Disaster Response Force (NDRF), 60 from the Odisha Disaster Rapid Action Force (ODRAF) and 244 from the Fire Services Department, were engaged in the rescue operations.

Investors will track a range of corporate developments, including leadership changes, capacity expansion plans, new orders, project commissioning, regulatory updates and strategic investments.

Asian Paints, Trent, Coal India, Godrej Consumer Products, InterGlobe Aviation, Ambuja Cements, Apar Industries, Blue Star, Laurus Labs, Suzlon Energy and Welspun Corp are among the 140 companies announced their Q2 FY27 results today, October 29.

The government clarified that the bidders conduct own valuation and submit bids confidentially and independent agencies are hired for fair valuation of the enterprises, which is further used as a measure to evaluate the reasonability of the bids submitted.

ITAT ruled in favour of a woman whose timber business was treated as her husband’s family firm by the Income Tax Department. The tribunal found insufficient evidence linking the two businesses, highlighting the importance of proving ownership in tax disputes.

Directed by Curry Barker, Obsession tells the story of a hopeless romantic whose life spirals into darkness after a mysterious wish appears to come true.

Term insurance bookings among high-net-worth individuals have doubled since April 2023, while average coverage has risen 30%, Policybazaar data shows. Details here.

The Nifty Midcap 100 delivered an average return of 2.7% in November, while the Nifty Smallcap 100 averaged 2% over the 10-year period.

The underlying suit seeks $15 billion from all defendants jointly and severally, with interest at 18% annually.

Investors are likely to track movements in crude oil prices and global market cues for further direction.

Market experts shared buy, sell and hold recommendations for an array of stocks including ICICI Bank, Hyundai Motor, Trent, Tata Steel, and L&T Finance.

Financial planning goes beyond mutual funds. A 1 Finance report identifies six areas investors should review annually: estate planning, loans, investments, income and expenses, insurance, and tax. These checks can help protect wealth and keep long-term goals on track.

Five of the six cities recorded AQI readings in the moderate category, while Kolkata was the only city with a satisfactory reading. Check the full city-wise breakdown.

Sheikh Hasina was flown to India aboard a Bangladeshi military aircraft in June 2024 after her government was toppled amid violent protests, and has remained in exile in the country since then.

Market diversification strategy pays as exports to Europe, Africa, LAC and ASEAN gain momentum

Elon Musk praised Google’s Gemini 4 Carbon with a single word on X, as the company unveiled the cybersecurity-focused AI model to a limited group of users.

The company has fixed Thursday, November 5, 2026 as the record date for the purpose of determining the eligibility of shareholders for the dividend payout

Kashmir has a small four-month window for exporting apples and the cold chain is still poor at maintaining the quality, said  Dr. N.K. Krishna Kumar, ex-Deputy Director (Horticulture) Indian Council of Agricultural Research

Company spends $45.2 billion on capital expenditure in Q1; says GPU deployment times fell 20% and Copilot workload throughput rose over 50%

The department recorded 3,072 calls, including 2,463 emergency calls and 609 calls through the Swarna Grama Swarna Ward portal. Of these, 3,041 were related to tree-cutting and 31 to rescue operations.

The proposed fare revision comes days after the state Cabinet approved an ₹8-per-litre increase in Nandini milk prices, effective November 1.

Maharashtra has appointed a commission headed by retired Allahabad High Court Chief Justice Dilip Bhosale to investigate alleged malpractice and question paper or answer key leaks in nine MPSC examinations held between 2023 and 2026.

The collaboration would help accelerate the development and commercialisation of high-performance lubricants tailored to evolving industrial needs.

Sagility promoter Sagility B.V. is reportedly planning a 12% stake sale worth ₹2,377 crore through a block deal. The healthcare IT services firm posted 22.5% revenue growth and 8.1% adjusted profit growth in Q2 FY27.

EPFO is drawing up guidelines to invest up to 3% of fresh annual inflows in startups and alternative investment funds (AIFs), five years after government approval. The proposal is expected to go before its board in November.

The ED alleged that the entity advertising the ability to transfer cash across borders via cryptocurrency despite not being authorised by the RBI to do so.

The Nitesh Tiwari film, starring Ranbir Kapoor as Lord Rama, Sai Pallavi as Sita and Yash as Ravana, has grossed Rs 16.38 crore in advance bookings, including block seats.

With Deepavali falling in the first week of a month this year, people are likely to begin shopping after receiving their monthly salaries and festival bonuses; the last 5-6 days preceding the festival is likely to witness massive retail activity

The underlying suit seeks $15 billion from all defendants jointly and severally, with interest at 18% annually.

The weekly water cut will affect Ghodbunder Road, Mumbra, Kalwa and several other localities supplied by TMC and STEM.

Cost of input materials increased 20% during the quarter.

Indian stocks rallied after the US Federal Reserve held rates steady, easing crude prices and renewed institutional buying lifted sentiment. Technical analysts identified Adani Ports and Eternal as potential Friday trading opportunities, citing bullish momentum, breakout levels and defined targets.

Laurus is executing a transformation strategy and operationalised its first commercial scale peptide plant in Visakhapatnam to address surging demand for peptide therapeutics.

Tu Hai Meri Kiran earned Rs 2.93 lakh on Day 7, taking its total India gross collection to Rs 51.71 lakh at the end of its first week.

Alphabet shares plunged 13.7% after disappointing earnings, a $9.1 billion quarterly cash outflow and surging AI investments rattled investors, despite record growth in Google Cloud revenue.

Rajinikanth’s Jailer 2 has earned Rs 5.72 crore so far on Day 15, taking its India gross collection to Rs 458.94 crore.

The brokerage favours energy, utilities and real estate, with Reliance Industries among its preferred energy stocks.

Ambuja Cements reported a 90% year-on-year profit decline to ₹236 crore in Q2 FY27 as rising fuel, logistics and operating costs squeezed margins. Revenue remained flat at ₹9,197 crore, while EBITDA fell 28%, prompting renewed cost-control efforts.

Amul is launching a high-protein savoury snack on Friday, with protein and calories comparable to a scoop of protein powder, after over a year of R&D.

Milky Mist Dairy Food recorded 41.6% year-on-year revenue growth in Q2 FY27, achieving record quarterly revenue and gross profit. Strong demand for value-added dairy, protein products and yoghurt drove growth, while first-half profit after tax surged 308.4%.

Asian Paints, Trent, Coal India, Godrej Consumer Products, InterGlobe Aviation, Ambuja Cements, Apar Industries, Blue Star, Laurus Labs, Suzlon Energy and Welspun Corp are among the 140 companies scheduled to announce their Q2 FY27 results today, October 29. Track the latest earnings announcements, financial performance, management commentary and stock market reaction live on NDTV Profit.

Chennai-based industrialist will succeed Anant Goenka in November; industrialist A. C. Muthiah was the last Tamil Nadu-based FICCI president, serving in 2002-03

Brigade Group reported a 29% year-on-year profit increase to ₹219 crore in Q2 FY27, despite lower revenue. Strong residential bookings, higher operating profit, robust leasing performance and hospitality growth supported earnings, while new project launches strengthened its development pipeline.

Obsession: The Original Uncut Version will stream exclusively on The Peacock Hub on JioHotstar from 7 p.m. IST on Friday in English and Hindi.

Ashiana Housing has signed up a senior living project in Gurugram with a sales potential of Rs 1,300 crore, weeks after DLF sold out its first retirement housing tower in the city.

The report comes amid heightened US scrutiny of Chinese access to advanced AI chips and of alleged efforts to divert Nvidia hardware to restricted destinations

With more accessible pricing, locally tailored designs and wider distribution, Victorinox aims to strengthen its position in India’s premium watch market while capitalising on the growing appeal of Swiss-made products.

The BMC has installed an AI-powered camera in Mahim that detects people trying to dump garbage and warns them through a loudspeaker. The civic body plans to put up more such cameras across Mumbai.

Alphabet shares crashed 13% as third-quarter earnings missed expectations due to heavy AI spending and slowing search ad growth. Net profit fell 25% to $26.17 billion despite a 25% revenue jump to $127.58 billion. Negative free cash flow of $9.1 billion and surging capital expenditure raised market concerns.

The Nasdaq Composite decreased 1.4%

Airport-centric developments were emerging as important commercial and hospitality hubs as India strengthened its position as one of the world’s fastest-growing aviation markets.

A Mumbai consumer commission has ordered a developer to refund ₹45.45 lakh to a homebuyer who waited nearly a decade for a Panvel flat, with 9% annual interest taking the payout to ₹86.37 lakh. However, it rejected his claim for ₹5.23 lakh in home loan interest.

SEBI amended REIT regulations to revise unitholder voting thresholds, introduce exit options for dissenting investors during specified sponsor exits, permit depository receipts against REIT units and modify common infrastructure definitions, with implications for governance, investor protection and market access.

The European Central Bank maintained interest rates, indicating rising inflation risks tied to increasing energy prices. Following the decision, the euro declined against the dollar and the pound, reaching a low not seen in 18 months. Euro zone bond yields also dropped slightly, while European stocks experienced a modest rise. Central bank President Christine Lagarde announced her early departure, effective February 7.

In September, the US experienced a notable rise in inflation, driven by surging gasoline prices and other consumer goods. The Personal Consumption Expenditures Price Index climbed to 0.5%, up from 0.3% previously. Despite inflation-adjusted consumer spending remaining flat, it still rose by 0.5%, reflecting a resilient economic activity. The Federal Reserve opted to keep interest rates steady, though considerable inflationary pressures have analysts anticipating a possible rate hike in December.

Employer health insurance may end when you leave your job. Learn what happens to your cover, whether you can continue it, and why personal health insurance can protect you during career changes.

Only 25 of around 150 players were picked at the WPL 2027 auction, and BCCI secretary Saikia says more teams will be discussed.

Vedanta Power reported a turnaround in Q2 FY27, posting ₹83 crore profit against a ₹1,688 crore loss last year. Revenue rose 38% to ₹2,908 crore, while EBITDA surged 122%, supported by record power sales and improved operations.

Buying health insurance after 60? Compare waiting periods, room rent limits, co-payments, disease-specific limits, and hospital networks to avoid unexpected medical expenses and choose suitable coverage.

Motilal Oswal reported a 29% year-on-year rise in operating profit to ₹718 crore in Q2 FY27, driven by asset management and wealth management growth. Assets under management expanded, while recurring revenue strengthened earnings visibility and business resilience.

While Thursday’s rebound offered some relief to investors, the combination of elevated U.S. interest rates, foreign fund outflows and expensive crude oil continues to cloud the outlook for Indian markets.

Asian Paints, Trent, Coal India, Godrej Consumer Products, InterGlobe Aviation, Ambuja Cements, Apar Industries, Blue Star, Laurus Labs, Suzlon Energy and Welspun Corp are among the 140 companies scheduled to announce their Q2 FY27 results today, October 29. Track the latest earnings announcements, financial performance, management commentary and stock market reaction live on NDTV Profit.

Coal India Board has fixed Wednesday, November 4, 2026 as the record date to determine the eligibility of shareholders for the dividend payout.

The latest funding round values Simplismart at about $100 million. The company was founded in 2022.

Suzlon reported record India deliveries of 710 megawatts (MW) during the quarter, up from 565 MW a year earlier. The company commissioned 454 MW during the quarter.

Bank of Baroda had earlier said it had not been served with the lawsuit and would firmly defend the case.

CAMS reported a 2.8% sequential rise in Q2 consolidated net profit to Rs 130.66 crore and declared an interim dividend of Rs 3.25 per share, with November 13 set as the record date.

ITAT Chennai has deleted a ₹26 lakh penalty on a salaried taxpayer who accepted a ₹26 lakh cash advance while selling his house to repay an outstanding home loan. The tribunal cited reasonable cause, considering the genuine transaction and financial circumstances.

Ranbir Kapoor recalled proposing to Alia Bhatt in Maasai Mara, Kenya, surrounded by three lions, during his appearance on Kaun Banega Crorepati 18.

Gadkari also called for an AI-based Advanced Traffic Management System to improve highway monitoring and detect violations such as lane discipline breaches.

Rapid expansion of Alternative Investment Funds and Foreign Portfolio Investors raises serious concerns over transparency, the petition says; the court asks why an MP wants to file a public interest petition under Article 32 when she could raise the issue in the Parliament

The trailer of Jumanji: Open World has sparked excitement among fans, with viewers praising Dwayne Johnson and Kevin Hart’s comic chemistry and the return of the game to the real world.

The transition is aligned with the Tata Group Governance Guidelines concerning board composition and director retirement.

The Sensex surged 905 points to close at 74,151, while four healthcare stocks hit fresh 52-week highs. Shukra Medtech, Acutaas Chemicals, Piramal Pharma and Laurus Labs recorded monthly gains of 12% to 26%.

Bitcoin traded near $80,000 after the US Federal Reserve held interest rates at 3.75%-4%, while the possibility of further tightening weighed on sentiment. Bitcoin and Ethereum fell 1.51% and 1.99% over 24 hours, respectively. Analysts flagged resistance near $81,500-$82,000, citing weak technical indicators and subdued institutional demand.

Fadnavis stressed the need for passenger safety, transparency in trip allocation and protection of the interests of independent taxi drivers amid the growing number of vehicles operated by aggregator companies.

Mahindra Lifespace Developers Ltd has seen impressive financial growth, with sales bookings skyrocketing by 66% to reach Rs 1,988 crore this year. The second quarter alone saw bookings rise to Rs 1,063 crore from Rs 752 crore in the previous year. While tax expenses increased, net profit for the September quarter stood at Rs 16.34 crore, and total income surged to Rs 104.

Flipkart’s Big Bang Diwali Sale 2026 brings discounts on several Apple smartphones, with the iPhone 17 listed at an effective price of Rs 79,999 and the iPhone Air at Rs 99,900.

Nasdaq 100 futures slipped 1.06% to 29,663, S&P 500 futures fell 0.26% to 7,762.7, while Dow Jones futures advanced 0.57% to 52,999.

In the current economic climate, AAA-rated corporations are opting to secure financing via the bond market, finding it more cost-effective than traditional bank loans. The recent interest rate hikes by the Reserve Bank of India have further enhanced the appeal of bonds. Companies like REC and SIDBI have successfully tapped into this market.

Indian equities rallied on Thursday, with the Sensex rising 905 points and the Nifty gaining 238 points as easing crude oil prices, the US Federal Reserve’s rate decision and institutional buying lifted sentiment. Adani Ports SEZ and Adani Enterprises led Nifty gainers, while Trent and Maruti Suzuki were among the top losers.

Oracle Cloud Infrastructure will offer Google’s TPUs from 2027, giving customers another option for AI training and inference

AI can help investors identify costly funds, idle cash and gaps in financial planning, but it may not replace human judgement. A 1 Finance report says effective financial advice extends beyond investment returns to goal planning, behavioural coaching and monitoring changing financial needs.

Godrej Consumer Products posted 13.8% profit growth to ₹522.92 crore and 19% revenue growth to ₹4,413.09 crore in Q2 FY27. Strong international performance, expanding home care brands and a ₹5 interim dividend supported its outlook for sustained growth.

Afghan farmers are returning to poppy cultivation as poverty deepens, opium prices remain elevated and legal crops offer far lower incomes.

Suzlon reported record India deliveries of 710 megawatts (MW) during the quarter, up from 565 MW a year earlier. The company commissioned 454 MW during the quarter.

The 30-share BSE Sensex jumped by 905.01 points, or 1.24%, to close at 74,151.04

Ambuja reported a net worth of Rs 72,238 crore and cash and cash equivalents of Rs 1,070 crore, maintaining a debt-free balance sheet.

The Shiv Sena corporator was questioned by the SIT for over seven hours as the investigation into the September 29 killing of Shiv Sena (UBT) leader Pradeep Purnekar continues.

Suzlon Energy reported a 69% year-on-year profit decline to ₹394 crore in Q2 FY27, despite 26% revenue growth to ₹4,869 crore. Record turbine deliveries, a 6,009 MW order book and a ₹2,048 crore net cash position strengthened its outlook.

Suzlon Energy reported a 69% year-on-year profit decline to ₹394 crore in Q2 FY27, despite 26% revenue growth to ₹4,869 crore. Record turbine deliveries, a 6,009 MW order book and a ₹2,048 crore net cash position strengthened its outlook.

ESAF Small Finance Bank reported a net profit of Rs 160 crore in Q2, reversing a Rs 116 crore loss in the year-ago period. Improved margins, lower provisions and stronger asset quality supported the turnaround, while advances and deposits grew 25% and 24%, respectively.

For small investors working with a limited budget, choosing between the two involves more than tradition.

Asian Paints, Trent, Coal India, Godrej Consumer Products, InterGlobe Aviation, Ambuja Cements, Apar Industries, Blue Star, Laurus Labs, Suzlon Energy and Welspun Corp are among the 140 companies scheduled to announce their Q2 FY27 results today, October 29. Track the latest earnings announcements, financial performance, management commentary and stock market reaction live on NDTV Profit.

Revenue rises 36% to ₹1,598 crore; US data-centre construction indirectly boosts export demand

Shah Rukh Khan is expected to skip his annual birthday interaction with fans on November 2 as he shoots a song for King in London. 

Trent Q2 Results: Trent reported a 25.3% year-on-year rise in Q2 FY27 consolidated net profit to Rs 468 crore, while revenue grew 21.9% to Rs 5,873 crore. EBITDA rose 29.6% to Rs 1,054 crore, with margins improving to 18.2%. The retailer expanded its footprint across Westside, Zudio and other lifestyle concepts.

SEBI chief Tuhin Kanta Pandey warned against investment scams on WhatsApp and Telegram, saying people are losing money to misleading promises. SEBI has introduced a tool to verify bank accounts, UPI IDs and QR codes linked to regulated market entities.

SEBI chief Tuhin Kanta Pandey warned against investment scams on WhatsApp and Telegram, saying people are losing money to misleading promises. SEBI has introduced a tool to verify bank accounts, UPI IDs and QR codes linked to regulated market entities.

India’s defence stocks have outperformed the Nifty 50 in FY27, with the sector index rising 22%. The top 10 performers gained 43–513%, including five multibagger stocks.

Jio Platforms’ listing adds a new stock for mutual funds to consider. Experts explain how holding Jio alongside Reliance Industries could create group-level overlap, while pairing it with Bharti Airtel could increase telecom sector concentration. Here’s what investors should check.

SuzlEBITDA margin contracted to 14.7% in the September quarter from 18.6% in the year-ago period, despite higher revenue.

Revenue surged 19% toRs 4,413 crore for the quarter ended on September 30, 2026 from Rs 3,708 crore in the corresponding period last year.

Retiring at 55 with ₹2 crore? Learn how to plan monthly withdrawals for 30 years, compare ₹50,000 and ₹60,000 withdrawal options, and understand how inflation, investment returns and emergency savings affect retirement planning.

However, earnings before interest, tax, depreciation, amortisation and rent (Ebitdar) declined 3% year-on-year to Rs 3,667 crore from Rs 3,792 crore.

The Indian rupee appreciated by 3 paise to reach 95.25 against the US dollar. It started the day at 95.20 but hit an intra-day low of 95.38. Positive domestic market trends and declining crude oil prices helped stabilize the currency. Analysts expect the rupee to face pressure due to a strong dollar and hawkish Federal Reserve signals. The dollar index rose slightly, while Brent crude oil prices were down.

Asian Paints, Trent, Coal India, Godrej Consumer Products, InterGlobe Aviation, Ambuja Cements, Apar Industries, Blue Star, Laurus Labs, Suzlon Energy and Welspun Corp are among the 140 companies scheduled to announce their Q2 FY27 results today, October 29. Track the latest earnings announcements, financial performance, management commentary and stock market reaction live on NDTV Profit.

Spanning over 80,000 sq. ft. (7,783 sq. m.), the store is located not far from Konanakunte Cross Metro Station

The revised guidelines have placed character verification for government recruitment at the centre of a political debate over public employment, violent activity and the right to protest. 

IndiGo Q2 Results: Budget airline IndiGo reported narrowing of its consolidated loss to Rs 1,879 crore in the second quarter of FY27, compared with Rs 2,582 crore in the year-ago quarter. However, the loss widened from Rs 237 crore posted in the preceding June quarter.

European shares edged higher as gains in energy and aerospace stocks offset weakness in technology shares ahead of the ECB’s policy decision. Shell and Airbus advanced following their earnings updates, while investors awaited signals from ECB President Christine Lagarde on the interest-rate outlook.

Naming children as nominees for mutual funds does not guarantee inheritance. Legal heirs may claim a share under a will or succession laws. Experts explain why parents should align nominations with a valid will to avoid disputes and delays.

Laurus Labs declared its financial results for the second quarter of fiscal 2026-27.

Ambit Capital sees the recent correction in power stocks as a re-entry opportunity, favouring Tata Power, JSW Energy and Torrent Power. Rising electricity demand, fresh capacity contracting and limited PPA visibility could drive the sector’s next growth phase.

Ambit Capital sees the recent correction in power stocks as a re-entry opportunity, favouring Tata Power, JSW Energy and Torrent Power. Rising electricity demand, fresh capacity contracting and limited PPA visibility could drive the sector’s next growth phase.

BlackBuck said its core businesses continued to generate operating cash flows, while investments in customer acquisition and the Superloads business contributed to a 36% increase in total expenses.

The U.S. Fed is expected to keep the rates elevated, making U.S. Treasuries and the dollar relatively more attractive than emerging market economies for foreign investors

Barring Nifty Auto, all other sectoral indices traded in the green, with Nifty FMCG, Nifty IT, Nifty PSU Bank and Nifty Realty indices rising the most.

Bajaj Electricals executive chairman Shekhar Bajaj will step down from his current role by the end of 2026 after leading the company for four decades. He will transition to a non-executive board position from January 1, 2027, subject to shareholder approval. The move is part of the company’s shift towards a professionally managed, board-led governance model, it said.

Bangladesh face Scotland in Match 2 of the Hong Kong Sixes 2026 on October 30. Check the match time, venue, squads and live-streaming details in India.

UP Education Service Selection Commission is set to release the Special TET 2026 admit cards on October 31. Candidates can download their hall tickets from upessc.up.gov.in ahead of the November 3 examination. The exam city slips have already been issued.

The user said the bank manager urged their mother to sign a printed form immediately, prompting them to intervene and refuse the ULIP.

Wall Street increasingly favours technology companies demonstrating financial discipline in AI investments. Microsoft and Oracle gained on strong cash flow prospects, while Alphabet shares plunged amid rising capital expenditure and slower search growth. Investors are prioritising sustainable returns, profitability and cash generation over aggressive artificial intelligence infrastructure expansion.

Wall Street increasingly favours technology companies demonstrating financial discipline in AI investments. Microsoft and Oracle gained on strong cash flow prospects, while Alphabet shares plunged amid rising capital expenditure and slower search growth. Investors are prioritising sustainable returns, profitability and cash generation over aggressive artificial intelligence infrastructure expansion.

Poorna Jagannathan shared a picture with Ranbir Kapoor from the Los Angeles premiere of Ramayana: Rise of a Legend, taking fans back to their 2013 film Yeh Jawaani Hai Deewani.

Aswath Damodaran values Anthropic at $1.475 trillion ahead of its anticipated IPO, but warns that compute costs, slowing revenue growth, and competition could alter its outlook. His scenarios range from a negative $373 billion to $4.04 trillion in equity value.

LIC Health Shield Plan 907 offers fixed payouts for hospitalisation, surgeries and specified medical procedures. Know its benefits, premiums and waiting period, and find out whether it can replace comprehensive health insurance.

LIC Health Shield Plan 907 offers fixed payouts for hospitalisation, surgeries and specified medical procedures. Know its benefits, premiums and waiting period, and find out whether it can replace comprehensive health insurance.

The board also approved an investment of up to $125 million for a partnership with Perma-Pipe International Holdings to establish spiral pipe manufacturing and coating facilities in Jordan.

The tracker projects around 8.57 lakh excess deaths between June 2026 and March 2027, of which about 4.85 lakh have already occurred.

Japanese investors extended their selling streak in foreign long-term bonds to six weeks, although falling US Treasury yields slowed outflows. Meanwhile, they increased short-term bill purchases and foreign stock investments, while overseas investors returned to Japanese equities.

Amazon and Flipkart offer two-wheeler buyers a way to stack platform discounts, bank offers and card rewards. But EMI costs, voucher limits and dealer fees can eat into the savings.

The US Fed has kept interest rates unchanged at 3.75%–4%. What does this mean for gold prices in India? Experts share their outlook for the coming months and 2027, explain the risks for investors, and discuss whether jewellery buyers should purchase now or wait for a price correction.

Reliance Industries is expected to report 15-17% year-on-year growth in September-quarter EBITDA, driven by a sharp recovery in its oil-to-chemicals business. Brokerages expect stronger refining margins, higher throughput and a weaker rupee to offset subdued retail and oil and gas performance. Investors will track O2C profitability, Jio Platforms’ earnings and retail margins as RIL announces results.

Japanese government bond yields remained largely steady ahead of the Bank of Japan’s policy decision on Friday, supported by strong demand at a two-year bond auction and gains in US Treasuries. Markets expect the BOJ to hold rates steady, while a Reuters poll points to a possible 25-basis-point hike in December.

Ambuja Cements Q2 Results: The company’s revenue from operations came in at Rs 6,113 crore for the September-ended quarter, up 10% from Rs 5,579 crore posted in the corresponding quarter of the previous financial year.

Ambuja Cements Q2 Results: The company reported a 90% year-on-year decline in Q2 FY27 net profit to Rs 114 crore due to a Rs 1,697 crore income tax provision reversal in the year-ago quarter. Revenue rose 10% to Rs 6,113 crore. Shareholders also approved the proposed amalgamation of ACC and Orient Cement with Ambuja, with completion expected in FY27, subject to approvals.

Applying for a PAN after April 1, 2026? The Income-tax Act, 2025, prescribes Forms 93, 94, 95, and 96 based on the applicant’s citizenship and entity status. Here is who should use each form, the documents required, the application fees, and how to apply online. 

V-Guard Industries reported strong September-quarter growth, with revenue rising 38.2% to Rs 1,853 crore and net profit jumping 71.5% to Rs 112 crore.

Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.

Asian Paints Q2 Results: Revenue exceeded the Bloomberg estimate of Rs 9,782 crore, but Ebitda missed consensus by more than Rs 100 crore. The consolidated margin contracted to 15.6% from 17.6% a year earlier.

Pine Labs shares rose sharply on Thursday after the fintech company reported a 543% year-on-year jump in Q2 FY27 net profit to Rs 38.6 crore. Revenue rose 24% to Rs 806.2 crore, while EBITDA increased 67.3%. Growth in payments, UPI transactions and international markets supported performance as the company expands into AI-led commerce.

Barring Nifty Auto, all other sectoral indices traded in the green, with Nifty FMCG, Nifty IT, Nifty PSU Bank and Nifty Realty indices rising the most.

On the auspicious occasion of Karwa Chauth, the makers of Ramayana: Rise of a Legend have unveiled its new song, Judi Jodi, featuring vocals by Shreya Ghoshal and Chinmayi Sripada. 

Vibesourcing the Pili

The Railway Board issued an amendment letter dated Oct. 28, raising the quantity for the manufacture and supply of BOXNS wagons from 3,400 to 4,420.

Asian Paints Q2 Results: The paint-maker’s revenue from operations increased around 17% YoY to Rs 9,977 crore during the July-September quarter of FY27, from Rs 8,513 crore reported in the corresponding quarter of FY26.

The report — developed in partnership with PhonePe Appstore and research partner The Dialogue — examines the structural challenges facing Indian game developers and identifies priorities for building globally competitive studios

Asian Paints, Trent, Coal India, Godrej Consumer Products, InterGlobe Aviation, Ambuja Cements, Apar Industries, Blue Star, Laurus Labs, Suzlon Energy and Welspun Corp are among the 140 companies scheduled to announce their Q2 FY27 results today, October 29. Track the latest earnings announcements, financial performance, management commentary and stock market reaction live on NDTV Profit.

ACME Solar shares rose 5% after its Q2 FY27 profit surged 133.5% to ₹269 crore and revenue climbed 67.5% to ₹1,007 crore. The rally was also supported by its subsidiary signing a 25-year power purchase agreement with NTPC for a 400 MW renewable energy project.

In the year-ago period, the company had registered a net profit of Rs 6 crore.

NPS invests in market-linked assets, while EPF is a government backed guaranteed return product.

Jio Platforms is poised to evolve beyond telecom as tariff hikes, 5G monetisation, home broadband and enterprise digital services drive its next growth phase, according to Dolat Capital. The brokerage initiated coverage with an Accumulate rating and a target price of Rs 1,435, citing strong growth prospects and rising free cash flow.

Investor Michael Burry warned that Anthropic’s planned IPO exposes serious vulnerabilities in the AI industry, citing massive infrastructure commitments, slowing growth and mounting costs. The investor, known for predicting the 2008 financial crisis, believes disappointing AI revenues could trigger a significant market correction and capital losses.

Prediction markets are witnessing rising activity ahead of Anthropic’s anticipated IPO, with retail investors betting on its valuation, listing timeline and exchange. Platforms Polymarket and Kalshi have attracted millions in trading volume, reflecting strong AI investment interest while highlighting uncertainty surrounding valuations and investor demand.

Prediction markets are witnessing rising activity ahead of Anthropic’s anticipated IPO, with retail investors betting on its valuation, listing timeline and exchange. Platforms Polymarket and Kalshi have attracted millions in trading volume, reflecting strong AI investment interest while highlighting uncertainty surrounding valuations and investor demand.

Jio Platforms will announce its first quarterly results as a listed company on October 30, with brokerages expecting double-digit revenue growth in Q2 FY27. Nomura projects revenue of Rs 40,400 crore and net profit of Rs 7,610 crore, while subscriber additions and ARPU growth will be key metrics for investors.

Jio Platforms will announce its first quarterly results as a listed company on October 30, with brokerages expecting double-digit revenue growth in Q2 FY27. Nomura projects revenue of Rs 40,400 crore and net profit of Rs 7,610 crore, while subscriber additions and ARPU growth will be key metrics for investors.

Planning to buy silver coins, jewellery or utensils this Diwali? Know what purity grades such as 999, 925 and 800 mean, whether hallmarking is mandatory, how to verify a six-digit HUID using the BIS Care app, and what buyers should check before making a purchase.

The US Treasury yield curve steepened after Fed Chair Kevin Warsh’s press conference, as investors weighed inflation risks, fiscal concerns and the outlook for interest rates. Longer-dated bond yields faced pressure amid worries over government borrowing and the term premium. Mixed economic signals also raised questions about the Fed’s growth assessment, while markets continued to price in the possibility of further rate hikes.

In a post on X, Anand Sankar, farmer and founder of Sayb Apples, has explained why freshly harvested apples can develop a waxy coating during transportation.

Microsoft’s recent workforce moves come amid strong financial growth and rising investments in AI infrastructure

NBCC is scheduled to consider and approve its September quarter of financial year 2027 (Q2 FY27) results on November 5, 2026. It may also consider declaring second interim dividend.

SBI Card will introduce a 1% fee on eligible high-value fuel and transportation transactions from 1 December 2026. Check the ₹30,000 transport threshold, ₹50,000 fuel spending limit, applicable charges and steps cardholders should take.

In the current round the minimum annual turnover requirement has been reduced from ₹200 crore to ₹100 crore under Part 2 category of the scheme, to encourage participation by MSMEs and mid-sized manufacturing units

Speaking at NDTV Profit Ignite, Damani also pointed to attractive valuations across Indian equities, arguing that the recent market correction has created opportunities for long-term investors.

Chinese stocks declined as a sharp selloff in technology and AI-related shares outweighed the US Federal Reserve’s decision to keep interest rates unchanged. The Shanghai Composite fell 0.9%, while the CSI300 dropped 1.2% and the STAR50 tumbled 4.2%.

Digit Insurance chairman Kamesh Goyal argues that co-payments alone cannot contain healthcare costs. Transparent hospital pricing, simpler insurance products and expense rules that reflect retail customers’ costs are also needed.

Hindustan Unilever shares rose on Thursday after the FMCG major reported a 4% year-on-year increase in Q2 FY27 net profit to Rs 2,790 crore and 15% revenue growth to Rs 18,226 crore. Jefferies, Nomura and JM Financial cut their target prices but continue to see upside potential of up to 29%.

Indian government bonds increased on Thursday due to support from a rally in Treasuries and lower oil prices. However, the upcoming large bond sale and a weak rupee limited the extent of the gains observed. The benchmark 6.94% 2036 bond yield fell slightly below the significant 7.40% level during early trading hours. Meanwhile, the Reserve Bank of India previously raised the repo rate amid ongoing inflation concerns.

Brokerages see potential upside in 10 stocks, including DLF, Apollo Hospitals, GE Vernova T&D India and Jindal Steel, citing bullish chart patterns, improving momentum and signs of recovery. Technical indicators suggest further gains, though investors should assess risks and verify stop-loss levels.

A ₹1,000 monthly SIP in the same equity mutual fund can build different corpus amounts under direct and regular plans due to differences in expenses. We compared 10-year SIP returns across five top-performing equity funds to see how much the gap can affect your wealth.

Diwali fire accidents can damage homes and belongings, leaving families with hefty bills. Here’s what home insurance covers, which add-ons to consider and how to avoid claim rejection.

Employee bodies, including BPS and FNPO, have asked the 8th Pay Commission for quarterly DA revisions, merging DA with basic pay once it crosses 25%, and tax-free DA. These remain proposals, not approved changes.

Vedanta Aluminium’s September-quarter net profit more than doubled, while revenue rose 41% and EBITDA surged 83% year-on-year. The company expects higher production volumes and lower costs to support earnings despite declining aluminium prices. Production costs could fall 6% by year-end, aided by increased captive bauxite availability and operational efficiencies.

The brokerage sees the SMART Cinema pilot as strategically important for PVR-INOX with 2530% lower capex, about 25% ower operating cost, and Rs 190 average ticket pricing create a credible format for underpenetrated tier-3/4 markets.

Sonam Malik’s mother accidentally kissed Niharika Tiwari on the lips during her visit to the Rise And Fall Season 2 house.

SEBI Chairman Tuhin Kanta Pandey said the regulator would take a tough approach to investment scams on messaging platforms, warning that fake groups and promises of guaranteed returns were causing investors to lose money.

Adani Group stocks rose on Thursday, adding Rs 23,000 crore to their combined market capitalisation, as Q2 results and bullish brokerage calls lifted sentiment. Adani Power reported a 134% jump in net profit, while Jefferies raised its target price for Adani Ports and sees significant upside in Adani Enterprises.

Barring Nifty Auto, all other sectoral indices traded in the green, with Nifty FMCG, Nifty IT, Nifty PSU Bank and Nifty Realty indices rising the most.

Jefferies has initiated coverage on NSE with a ‘Buy’ rating and a target price of Rs 2,085, indicating over 17% upside. The brokerage expects structural growth, market leadership, diversification and new businesses to drive a 15% revenue CAGR over FY27–29 and support margin expansion.

Apple has introduced touchscreen support to its MacBook Pro lineup for the first time, alongside tandem OLED displays, M5 Pro and M5 Max chips, and a redesigned interface. Here is what the new laptops offer and how much they cost in India.

Indian American columnist Anita Ramaswamy alleges a Spanish traveller made a racist remark about Indians while boarding a Kathmandu to Delhi flight.

City Union Bank shares rose sharply on Thursday after the lender reported a 27% year-on-year rise in Q2 FY27 net profit to Rs 416 crore. Net interest income grew 31%, while asset quality improved, with gross NPAs falling to 1.44%. Deposits and advances also recorded strong growth during the quarter.

Vinit Posti, a specially invited member of the Shri Kedarnath-Badrinath Temple Committee, urged pilgrims toexercise caution while travelling to the shrines.

Successive STT hikes, the latest in Budget 2026, and bigger contract sizes have pushed retail traders out of futures and into buying options, the Zerodha CEO said.

Microsoft has unveiled its impressive financial performance, reporting a revenue of $92.3 billion and profits soaring past $36.6 billion. The Azure cloud services experienced a remarkable growth of 48%, driven by an increasing demand for AI technologies. In a strategic move, the company has offered voluntary buyouts to 60,000 employees while continuing to innovate hardware aimed at enhancing AI capabilities.

The company aims to raise Rs 183.1 crore through a fresh issue of about 2.23 crore equity shares. There is no offer-for-sale component, meaning the entire issue proceeds will go to the company.

The new FASTag concessional local pass launches on 1 November for non-commercial vehicle owners living within 20 km of a toll plaza. Costing ₹1,500 or ₹3,000 annually, it differs from the ₹3,075 FASTag Annual Pass in coverage, eligibility and usage rules. 

Malaysian hospital operator Asia OneHealthcare has filed for an IPO of up to 4.38 billion shares on Bursa Malaysia. The TPG-backed company plans to use the fresh-issue proceeds for hospital expansion, facility upgrades, debt repayment and IPO expenses. It operates 23 hospitals and returned to profitability in FY26.

The company reported consolidated net profit of Rs 180.39 crore in the second quarter of FY27, registering a fall of 1.5% from Rs 183.19 crore in the corresponding quarter last year.

The Indian stock market made an impressive leap, with Sensex climbing by more than 850 points while Nifty shot up nearly 250 points. This surge is mainly a result of the Federal Reserve opting to hold interest rates steady, enhancing investor confidence. The buzz surrounding potential cuts in long-term capital gains tax is also lifting spirits in the market.

EAAA India Alternatives’ Rs 1,200 crore IPO was subscribed 5.51 times, led by strong demand from institutional investors. The allotment is expected to be finalised today, while the shares are scheduled to list on the BSE and NSE on November 2, 2026. The IPO’s grey market premium suggests modest listing gains.

Jio Platforms share has now gained 9.72% from its listing price of Rs 1,358, taking its gains to 33.15% over the initial public offering (IPO) price of Rs 1,119 (upper band).

BLS Polymers IPO was subscribed 42.47 times by 10:05 am on Day 3, led by strong NII demand. The issue carries a grey market premium of 34%, while the company reported higher income and profit in FY26.

Hyundai has launched the Bayon in India at an introductory ex showroom price of Rs 9.99 lakh. The SUV is available in seven variants, with on road prices varying across cities due to registration charges, taxes and insurance costs.

The 30-share BSE Sensex climbed 245.43 points, or 0.34%, to 73,491.46 in the morning trade and the 50-share NSE Nifty rose 62.55 points, or 0.28%, to 22,761.40

The U.S. Fed kept interest rates unchanged at 3.75%–4.00% as widely expected, but the market reaction turned mildly dollar-negative, forex traders said

Based on the share prices cited in this report, MedPlus Health Services offers the highest target-implied upside of up to 44%, followed by Route Mobile at 40% and Tanla Platforms at 36%.

The top-rated trader is back

Birlasoft shares remained in focus after the company announced an interim dividend of Rs 3 per share alongside its second-quarter results. The stock rose more than 10% in early trade

Union Railway Minister Ashwini Vaishnaw and Uttar Pradesh Chief Minister Yogi Adityanath will together flag off the service on October 31.

Barring Nifty Auto, all other sectoral indices traded in the green, with Nifty FMCG, Nifty IT, Nifty PSU Bank and Nifty Realty indices rising the most.

Jupiter Wagons shares rallied over 8% after securing a Rs 1,140 crore Railway Board order for 2,583 wagons. The company expects additional order inflows of around Rs 2,000 crore in Q4 FY27, supported by government and private-sector demand. Despite the gains, the stock has fallen 25% in three months and trades below seven of its eight simple moving averages.

SEBI Chairman Tuhin Kanta Pandey set out a four-point agenda at NDTV Profit Ignite. It covers simpler rules, deeper markets, stronger investor protection and wider use of AI in supervision.

Alphabet shares plunged over 10% after disappointing quarterly earnings, weaker advertising revenue and negative free cash flow intensified concerns about rising AI investment costs, despite strong Google Cloud growth and revenue expansion.

At 10:04 am, Sundram Fasteners shares were trading 3.58% lower at Rs 1,039.45 apiece. In comparison, the BSE Sensex was trading 0.3% higher at 73,475.

The stock rose to a high of Rs 1,973.50 apiece before paring gains and trading 3.9% higher at Rs 1,939.9 as of 10:02 a.m. on the NSE.

CarTrade Tech shares fell 6.5% after Q2FY27 net profit rose 3% year-on-year to Rs 66 crore, while revenue increased 10% to Rs 213 crore. Nomura raised its target price to Rs 3,377 from Rs 3,340, citing growth potential in OLX India, improving consumer business prospects and operating leverage, despite trimming revenue estimates by around 3%.

Adani Ports raised its FY27 revenue guidance by Rs 1,000 crore to Rs 44,000-46,000 crore and Ebitda guidance by Rs 1,000 crore to Rs 26,000-27,000 crore.

Sri Lanka vs England live streaming: Check the ODI tri-series match time, venue, points table, squads and how to watch the match live in India.

Hyundai Motor India shares rose despite a sharp decline in Q2 FY27 profit as rising commodity costs squeezed margins. Nomura and Motilal Oswal retained their Buy ratings, citing new model launches, export growth and potential margin recovery.

Recalling the moment Tendulkar entered the hotel lobby, Swann said the crowd erupted, leaving a couple standing nearby curious about the commotion.

The rolling stock maker will manufacture and supply 2,583 wagons of two types, BOXNHL and BOXNS, under the order from the Railway Board.

China’s yuan climbed to a four-year high against the US dollar, supported by the central bank’s firm guidance and the Federal Reserve’s decision to hold interest rates steady. The People’s Bank of China continued managing appreciation, while investors awaited the European Central Bank’s policy decision for further currency market direction.

Jefferies sees a potential long-term capital gains tax (LTCG) cut as a possible trigger for foreign investors to return to Indian equities after record outflows. Banks, Reliance Industries, utilities and real estate stocks could be the biggest beneficiaries. Here’s where foreign investors are positioned and what a tax cut could mean.

India’s equity market divergence suggests largecaps may be regaining leadership as mid- and smallcaps remain under pressure. The Nifty has recovered to broadly flat returns in October, while midcap and smallcap indices have declined. More reasonable valuations, earnings resilience, liquidity and institutional preference are supporting largecaps, though elevated crude prices, macroeconomic uncertainty and earnings concerns continue to cloud the broader market outlook.

The Ministry of Railways has revised VDA rates for contract workers with effect from 1 October 2026. The Railway Board’s 28 October letter refers to the Labour Bureau’s 30 September order and directs principal employers to ensure that contractors comply with applicable labour laws.

Samsung Electronics reported record quarterly operating profit of 107.4 trillion won, driven by surging AI memory chip demand. Despite strong earnings, shares fell over 5% amid concerns about semiconductor division performance and AI investment sustainability. Samsung also announced shareholder returns of up to 110 trillion won this year.

Meesho reported 23% growth in marketplace net merchandise value in the second quarter of fiscal 2027, with contribution margin expanding to 6%.

South Korea’s KOSPI fell 2.18% on Thursday as Samsung Electronics dropped 4.13% after disappointing third-quarter profits. Losses extended across battery, automotive and steel stocks, despite foreign investor buying. Authorities pledged to monitor volatility. Meanwhile, the won strengthened 0.72%, and government bond yields declined amid market uncertainty and cautious investor sentiment.

Antala Industries’ Rs 23.33 crore SME IPO opens on October 29, 2026, and closes on November 2. Priced at Rs 63–67 per share, the fresh issue will fund working capital, machinery purchases and general corporate purposes. The packaging manufacturer reported strong FY26 growth, with total income rising 49% and profit after tax increasing 133%.

Japan’s Nikkei rose 0.3%, supported by Advantest’s 5.4% rally after it raised its full-year operating profit forecast by 14%. However, declines in technology stocks and an 8.7% fall in Hitachi limited gains. Investors remained cautious ahead of Japan’s earnings season and the Bank of Japan’s policy decision.

Adani Ports shares rose after the company reported strong Q2 FY27 earnings and raised its full-year guidance. Jefferies and Nomura increased their target prices, citing robust international port performance, higher earnings estimates and long-term growth prospects.

Gold and silver prices today, 29 October: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.

Rising heating demand, unusually low European stockpiles and fears that an escalation of the Iran war could further disrupt global gas supplies have combined to drive the latest surge.

Meesho reported 23% growth in marketplace net merchandise value in the second quarter of fiscal 2027, with contribution margin expanding to 6%.

Meesho shares fell nearly 3% after Q2 FY27 net loss narrowed 68% year-on-year to Rs 132 crore, while revenue rose 34% to Rs 4,132 crore. Brokerages remained divided, with Jefferies and Motilal Oswal maintaining Buy ratings and Nomura retaining Reduce, citing growth prospects, margins and festive-season demand.

Four Nifty500 stocks featured in StockEdge’s VWAP scan on October 28, with closing prices more than 2% above their respective volume-weighted average prices, indicating positive price action during the session.

Jio Platforms shares rose further after a strong market debut, climbing over 32% above the IPO price. Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings, citing tariff hikes, ARPU growth and digital services opportunities.

Among sectors, gains were seen in Nifty IT, Nifty FMCG, Nifty PSU Bank and Nifty Realty indices, while Nifty Metals and Nifty Private Bank saw selling.

Bombay Coated & Special Steels’ Rs 183.06-crore IPO opens on October 29, 2026, with a price band of Rs 78–82 and an 11% grey market premium. The company reported 20% revenue growth and 7% profit growth in FY26. Anand Rathi recommends subscribing for long-term investment, citing reasonable valuation and growth prospects.

Adani Enterprises reported strong operating performance in the September quarter, with Jefferies highlighting a 62% year-on-year (YoY) increase in EBITDA to Rs 6,320 crore, surpassing its estimate of Rs 5,600 crore.

On Karwa Chauth, women observe a day-long fast, often without food or water, and offer prayers for their husbands’ well-being. 

Pidilite Industries has achieved a remarkable 7% growth in consolidated net profit for the September quarter, with profits hitting ₹626 crore. This success is underpinned by a substantial increase in total revenue, soaring by over 21% to reach ₹4,285 crore. However, challenges such as tighter margins and rising input costs have tempered profit growth. Notably, the consumer segment saw a robust 20.

Religious journeys dominate overnight travel, while social visits, education, business and shopping make up a sizeable share. And that shapes where they stay.

Need money urgently? Compare PPF loan vs personal loan interest rates, borrowing limits, eligibility and repayment rules in October 2026. Here are the PPF loan costs, personal loan EMIs and key conditions to choose a suitable borrowing option during a financial emergency.

Adani Ports and Special Economic Zone showcased a remarkable 18% increase in consolidated net profit for the September quarter. With a year-on-year revenue surge of 24% amounting to ₹11,340.4 crore, this growth stemmed from a spike in cargo volumes. The firm has also revised upward its FY27 revenue and capital expenditure targets, attributed significantly to robust performance in domestic operations and impressive strides in international growth.

Four Nifty500 stocks featured in StockEdge’s White Marubozu scan on October 28, signalling strong upward price momentum during the session. Biocon led the list, followed by TD Power Systems, Bosch and Crompton Greaves Consumer Electricals.

Four Nifty500 stocks, led by Piramal Pharma, featured in StockEdge’s RSI Trending Up scan on October 28 after their RSI values crossed above 50 from below, signalling strengthening price momentum.

HUL has seen a de-rating 20% correction in the last six months, given the uncertainty around the growth outlook amid possible macro challenges.

Investors will track a mix of quarterly earnings, corporate announcements, fundraising plans and business updates, while stock-specific action is also expected in companies.

A local bank holiday for Karwa Chauth on October 29 affects public- and private-sector banks. Customers can use online and mobile banking, UPI, cards and ATMs. 

Gold prices extended their decline on October 29, with Comex gold slipping to $4,051 per ounce in early trade. In India, 24K gold stood at Rs 1,44,000 per 10 grams, while silver was priced at Rs 1,94,990 per kg.

It hands Congress a win just as the BJP has mocked the party for drawing a blank in Legislative Council polls elsewhere.

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

Himachal Pradesh govt aims to enhance medical education quality using AI and modern technology, says CM Sukhvinder Singh Sukhu during a visit to Dr Radhakrishnan Medical College.

The Union Cabinet has approved a 3% DA hike for central government employees, taking the rate to 63% effective from 1 July 2026. How much will monthly salaries increase across different pay levels? Check the revised DA calculations and what employees can expect.

Earlier this month, Amazon cut about 1,000 jobs in its core retail division, which operates its main e-commerce platform.

Jay Thakkar has recommended three stocks to buy today. He suggests buying Fortis Healthcare, LTM and BSE stock futures.

The DA hike from 60% to 63% will increase monthly payments for central government employees in 2026. Employees can use the extra salary to build savings, invest through recurring deposits and mutual fund SIPs or increase their emergency corpus.

Adani Enterprises saw a 55% drop in consolidated net profit for the September quarter. Revenue from operations increased by 75%, reaching ₹37,216 crore compared to the previous year. A notable decline in profit was attributed to an exceptional gain a year prior, while expenses rose sharply. The company plans to invest ₹35,000 crore to ₹40,000 crore annually in airports and data centres.

Asian markets traded mixed, while the US stock market ended higher overnight, after the US Federal Reserve kept policy rates unchanged. Easing crude oil prices are likely to support market sentiment.

Sales at Azure, the closely watched cloud computing division, grew 48% to $33.2 billion during the quarter ending in September, the company said in a statement Wednesday.

An oil rally waned in late hours as the Wall Street Journal said US Vice President JD Vance reached out to an Iranian hard-liner to revive peace talks.

MSCI has decided to delay the removal of Polycab India from its indices amid insolvency uncertainty. The company was placed on the Insolvency Resolution Process board on October 7. However, the National Company Law Appellate Tribunal stayed the company’s admission to the insolvency process on October 9. MSCI continues to monitor the status of Polycab India and any related orders from the NCLAT.

MSCI has decided to delay the removal of Polycab India from its indices amid insolvency uncertainty. The company was placed on the Insolvency Resolution Process board on October 7. However, the National Company Law Appellate Tribunal stayed the company’s admission to the insolvency process on October 9. MSCI continues to monitor the status of Polycab India and any related orders from the NCLAT.

Persistent Systems plans to raise more than ₹6,000 crore through non-convertible debentures for its Nagarro SE acquisition. The company successfully completed a QIP earlier this week, raising ₹4,264 crore. NCDs will range from one to five years, averaging three years in maturity. Persistent secured 94% of Nagarro shares after receiving shareholder offers this month. The total acquisition value is around $1.25 billion, with additional debt financing to be arranged.

Analysts recommend buying Escorts Kubota, SBI Life Insurance, Ajmera Realty, and HBL Engineering with defined entry points, stop-losses, and target prices to manage risks and potential gains.

Nasdaq 100 Index futures dropped 0.9% and contracts for the S&P 500 slipped 0.4% as Alphabet slumped 10% in extended trading after the Google parent’s sales underwhelmed. MSCI Inc.’s Asia Pacific equities gauge climbed 0.3%, led by gains in Japan’s Nikkei 225 and South Korea’s Kospi indexes.

Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from millions of subscribers.

The co-payment proposal raises concerns about all three sources of market failure: information asymmetry, market power, and externalities.

Level-headed consumers

Indian equities ended lower on Wednesday, primarily driven by selling in heavyweight stocks. Information technology and oil and gas shares experienced significant declines, falling more than 2%. The Nifty 50 index settled at 22,699, down 51 points, indicating ongoing resistance at 22,800. Several companies, including Jio Platforms and Hero MotoCorp, reported their quarterly earnings that impacted market sentiment.

Benchmark Nifty experienced a marginal decline after recovering from a significant low during the trading session. Analysts believe Indian equities may remain range-bound. The rupee weakened against the US dollar due to rising crude oil prices and a strengthening dollar. Foreign portfolio investors were net buyers on Wednesday, with significant purchases noted.

The Reserve Bank of India has increased the cut-off yields for treasury bills after canceling a prior auction. Yields of the 91-day, 182-day, and 364-day bills experienced a significant rise. While system liquidity has dropped compared to last month, it still remains in a positive state. Traders are bracing for additional hikes as they face liquidity constraints and high oil prices, with the 10-year yield standing at 7.

The Securities and Exchange Board of India is set to release a consultation paper aimed at refining compliance requirements for foreign portfolio investors. Chairman Tuhin Kanta Pandey highlighted the progress in the onboarding of international funds while pointing out the heavy compliance burden in India. Sebi is also considering the possibility of self-listing for stock exchanges despite the challenges that may arise.