Savings Effect

🔹 Mankind Pharma: To acquire a 70% stake in Belgium-based Armed Cell Therapeutics (ACTx) for €48 million, approximately ₹511 crore. 🔹 Maruti Suzuki India: Received a favourable tax tribunal order covering eight financial years, with a positive tax impact of approximately ₹13,000 crore. 🔹 InterGlobe Aviation (IndiGo): Extended flight cancellations to Saudi Arabian cities until October 24 amid the evolving Middle East security situation. 🔹 Metro Brands: Q2 net profit rose 12% year over year to ₹77.28 crore, while revenue increased 12.15% to ₹730.27 crore. 🔹 NTPC: Partnered with Africa50 to explore power generation projects and cross-border electricity trading opportunities across Africa. 🔹 Emmvee Photovoltaic Power: Reported Q2 net profit of ₹382.04 crore, compared with a net loss of ₹237.86 crore a year earlier. 🔹 Indian Hotels Company: Signed an agreement to develop a 215-key Gateway hotel in Lucknow through a greenfield project. 🔹 Nestle India: Q2 net profit rose 35.81% year over year to ₹1,009.61 crore, while revenue increased 20.45% to ₹6,782.17 crore. 🔹 Tech Mahindra: Q2 net profit increased 32.74% year over year to ₹1,585.6 crore; the board recommended a 1:1 bonus share issue. 🔹 Indian Railway Finance Corporation: Q2 net profit rose 10% year over year to ₹1,958 crore, while total income reached ₹7,924 crore. 🔹 Persistent Systems: Q2 net profit declined 25.44% year over year to ₹351.51 crore. 🔹 Hero MotoCorp: Launched its Safe School Zone initiative across four schools in Delhi and Jaipur. 🔹 HDFC Asset Management Company: Q2 net profit rose 4.2% year over year to ₹749 crore, while revenue increased 14% to ₹1,170 crore. 🔹 Wipro: Q2 net profit declined marginally to ₹3,200.6 crore, while IT services revenue remained flat sequentially at $2.61 billion. 🔹 Zydus Lifesciences: Its joint venture with Sunshine Healthcare signed an agreement to establish a pharmaceutical manufacturing facility in Sri Lanka.

Q2 With BS | Federal Bank reported a 45.1% Y-o-Y rise in net profit to a record Rs 1,386 crore in Q2FY27, supported by strong growth in net interest income, higher fee income and an improvement in asset quality. “Last two quarters we have given this guidance that we expect five to six basis points improvement in NIM. While it will not be linear, we had guided and we continue to stick to our guidance on that,” said K V S Manian, MD and CEO, Federal Bank.

The Centre has cut the diesel export levy to ₹8.50 a litre and raised the petrol levy to ₹2.50, while keeping the aviation turbine fuel duty unchanged amid rising oil prices.

Tata Trusts challenges Mehli Mistry’s objections, says no locus as trustee term expired -Tata Trusts challenge Mehli Mistry's objections. -Trusts argue Mistry's tenure expired in Oct 2025. -Filings claim wider governance issues are out of scope.

Jitendra Kumar appointed RPF Director General, to hold office until March 2030 Jitendra Kumar will replace Sonali Mishra, a fellow 1993-batch IPS officer belonging to the Madhya Pradesh cadre.

NTPC ties up with Africa50 to develop power projects across Africa -NTPC partnered with Africa50 for African power projects. -Partnership aims to boost cross-border electricity trade. -NTPC plans to expand its total capacity to 149 GW by 2032.

Trump wants the world to stop calling it AI; US pushes 'super intelligence' at IMF -US wants global partners to rename AI as super intelligence. -Treasury official pushes for new term in IMF statements. -Trump administration prioritizes the term SI for tech.

IDBI Bank-Fairfax deal expected to close by March 2027, RBI review and open offer next: DIPAM Secretary to CNBC-TV18 -IDBI Bank sale to Fairfax expected by March 2027. -Fairfax to acquire a 60.72 percent stake in IDBI Bank. -Deal represents India's largest financial sector FDI.

Jio Platforms heading towards becoming net debt-free after Rs 30,213 crore IPO, says Akash Ambani -Jio to use IPO proceeds of Rs 30,213 crore to repay debt. -IPO opens on October 21 and closes on October 23. -Offering consists entirely of fresh shares with no OFS.

Jio aims to transition to 6G through software upgrades, says Akash Ambani -Jio aims to transition to 6G via software upgrades. -Company focuses on in-house tech and global partnerships. -Strategy prioritizes mobility, home broadband, and enterprise.

Bigg Boss South editions clocks 550 million watch hours in five weeks, watch time up 20%

Restaurant in UP's Hathras told to pay ₹1 lakh fine for charging ₹2 extra on water bottle

Vikram Solar bags 187 MW module order for projects in Karnataka and Tamil Nadu

Actor Imran Khan to move HC against FRRO notice asking him to leave country for taking part in protest

360 ONE WAM Q2 Results: AUM grows 31% to nearly ₹9 lakh crore; Dividend declared

Alternative accommodation market in India to reach ₹415 billion by FY29: Booking-com report

Defence Ministry signs ₹4,106 crore deals for Navy torpedoes and Air Force satellite