Savings Effect

China's success shows how tapping into diaspora expertise can propel India into a top-tier tech leader. To achieve this, India must build better research facilities and career paths in emerging fields like AI, writes Shyam Saran.

GPTInfra Bags Signalling Work Order Worth ₹134.11 Cr From Western Railway, Ratlam Division

INDIAN COMPANIES WITH MORE THAN 100% PROFIT GROWTH IN Q2FY27 1- KABRAEXTRU 2- MAHEPC 3- POONAWALLA 4- MRPL 5- UJJIVANSFB 6- RBLBANK 7- ORIENTELEC 8- TARIL 9- BHEL 10- SGFIN 11- IIFL 12- SOLARA 13- E2E 14- SHOPERSTOP 15- AURUM

FSSAI’s draft amendment seeks to prohibit sucrose and fructose in infant nutrition products intended for babies aged up to six months, tightening standards amid concerns over early sugar exposure and childhood obesity.

US President Donald Trump has waived sanctions and tariffs under a new law targeting countries that purchase Russian oil and gas, offering major relief to India and China. The decision removes the immediate threat of tariffs of up to 100% on goods imported into the United States from major buyers of Russian energy.

The Supreme Court has declared access to and use of the internet a fundamental right for every individual, including children, under Articles 21 and 19(1)(a) of the Constitution. And further noted that a blanket ban on children's internet access is not the right way to approach the safety concerns

In a market where Detroit's auto giants once folded, a new wave of global automakers is doubling down. Stellantis, Hyundai and Suzuki have all announced mega investment commitments in India in recent months, chasing a bigger share of the world's third-largest car market.

Dividend payouts announced by 11 companies range from ₹0.50 to ₹30 per share, with record dates scheduled for October 21–23, 2026. ICICI Prudential Asset Management Company offers the highest payout. Record dates and settlement rules determine eligibility.

India Post has announced a 60-day Productivity Linked Bonus for eligible employees for 2025-26. The order covers MTS, Group C, non-gazetted Group B staff, Gramin Dak Sevaks and eligible casual labourers.

SEBI has approved Cult.fit’s IPO, which aims to raise up to ₹950 crore through a fresh share issue and an offer for sale of up to 17.86 crore shares. The company plans to use proceeds to expand its fitness centres and fund marketing and other business initiatives.

Supreme Court Quashes Yes Bank’s ₹8,415 Cr AT-1 Bond Write-Offs | YES BANK Share Crash Explained The bank's bondholders scored a landmark win over India's central bank and the government on Thursday, as the Supreme Court struck down a six year old decision to cancel their investments.

🔹 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.