FY2022
India garment makers rethink reliance on US after tariff shock
Many Indian companies are reconfiguring their export destinations, and their exposure to the US, in light of the tariff shock, in a move that is likely to strengthen New Delhi's hand in its trade negotiations with Washington, and potentially reduce India's vulnerability to US pressure over time.
Stocks in news: Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL and Bajaj Finance
Indian markets are set to resume trading after the Diwali holiday, with investors tracking key stocks such as Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL and Bajaj Finance amid Q2 earnings and corporate developments. Nifty faces immediate resistance at 25,150–25,200.
India doesn’t have a savings problem. It has a savings incentive problem
Indian households are saving more than ever. The bigger question now is whether money kept accessible in a savings account can also earn meaningful value while it waits to be used.
From Rs 25,000 to Rs 2.5 crore: Three Pune brothers turn college kabada project into goldmine, sold 20 lakh kg scrap
Three Pune brothers have transformed a college project into a Rs 2.5 crore scrap collection business. Jayesh, Ganesh and Vaibhav Pakhale started ScrapDeal in Pune with an initial investment of just Rs 25,000. The startup has recycled 20 lakh kg of scrap, serves over 1 lakh individual customers and works with more than 100 businesses. The brothers are targeting Rs 5 crore in revenue in FY27.
Traffic challan disposal dips to 17.8% in Jan-Oct, revenue falls by a third
Only 17.8% of traffic challans were disposed of in the first ten months of 2026. The total fine issued was ₹16,903.93 crore, with only ₹2,824.38 crore collected. Poor enforcement practices have compromised safety, leading to more road accidents and pollution. Further delays in processing traffic violations have led to a backlog of cases. Recent Supreme Court directives aim to enhance enforcement against unpaid challans and related services.
Reliance may find it difficult to replicate cola disruption in biscuits: Britannia CEO & MD
Britannia Industries has expressed confidence in its market position amid competition from Reliance Industries. While Reliance has entered the biscuits market, distinct pricing dynamics could limit its ability to disrupt. Britannia CEO Rakshit Hargave emphasized their strong market moats and growth plans. The competition is closely monitored as Reliance's expansion efforts continue across India. Overall, Britannia remains optimistic about confronting Reliance's presence in the biscuit segment.
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Failed UPSC dream to Rs 130 crore success: How Bengaluru man turned Rs 1 crore investment into a healthy food business
Sandeep Jangala's journey began with a dream of becoming an IAS officer, but the road to success was not without its obstacles after his UPSC attempt fell short. Undeterred, he pivoted to entrepreneurship, successfully launching a tech startup that caught the attention of investors. In 2022, he and his wife co-founded Yummy Bee, a company dedicated to providing children with healthy food choices.
Indian nationals remain third-largest group at US borders despite a decline in illegal migration attempts
US border officials recorded 30,528 encounters with Indian nationals in fiscal year 2026, a striking 64% decrease from 90,415 encounters during fiscal year 2024. Even with more stringent measures in place, attempts at illegal migration, especially from Gujarat, Punjab, and Andhra Pradesh, remain prevalent.
CBI books Kishore Biyani and FRL in ₹904 crore SBI fraud case
The CBI has registered a case against Future Retail Ltd and its promoters. This is due to the alleged defrauding of State Bank of India amounting to ₹904.32 crore. The FIR was filed following a complaint from SBI on October 9, and a forensic audit was conducted. Multiple premises linked to the promoters were searched, leading to the seizure of documents.
Rs. 400 crore of ‘cash’ that existed only on paper: Not for the first time, nor will it be the last
When something is wrong inside a company, the people running it know first. The auditors may sense it next. A regulator might confirm it years later, in an order the public finally gets to read. The ordinary shareholder sits at the very end of that queue, usually learning the truth only after the share price has already delivered its verdict. The value of reading the accounts closely is simple: It is the one way to move a little higher up that queue, while there is still time to act.
IndoBevs in talks with multiple bankers for Rs 150 crore fund raise
IndoBevs is seeking to raise Rs 150 crore in debt to enhance its manufacturing and distribution capabilities. The company aims to strengthen its presence in domestic and international markets through this funding. IndoBevs has witnessed substantial growth, with a 32% increase in profit after tax for FY26. The alcohol beverage sector is increasingly focusing on premium products, driven by changing consumer preferences.
SpiceJet’s meltdown: Rs 5,500 crore raised, but where did the money go?
SpiceJet's mounting financial crisis raises serious questions over the fate of more than Rs 5,500 crore raised in recent years, its unpaid dues, operational collapse and regulatory oversight. Despite repeated capital infusions, the airline faces mounting losses and possible bankruptcy, while questions persist over fund utilisation, management accountability and aviation safety.
Nykaa Q2 profit more than triples, operating revenue grows 28%
The platform’s gross merchandise value (GMV) grew 30% YoY to Rs 6,151 crore in the September quarter. The beauty and personal care business reported a 25% expansion to Rs 4,454 crore and the fashion segment recorded a 42% increase to Rs 1,674 crore.
Nykaa acquires celebrity makeup artist Namrata Soni's beauty brand Simply Nam
Nykaa said it is acquiring 82% stake in Simply Nam for a cash consideration of Rs 33 crore. The 2022-founded brand clocked Rs 17 crore in turnover for fiscal 2026, up from Rs 9.6 crore in FY25. The transaction adds to a series of acquisitions Nykaa has made across its beauty and fashion verticals.
Wiscon Industries SME shares to list today: Check subscription status and key detail
Wiscon Industries will debut on the BSE SME platform on November 3, 2026, following its Rs 110-crore IPO, subscribed 88% overall. The Delhi-based consumer electronics supplier plans to use proceeds for subsidiary expansion, working capital and marketing. Its revenue surged to Rs 73.39 crore in FY26, reflecting rapid business growth.
Bonus issue alert! Last day to buy this Rakesh Jhunjhunwala-backed smallcap pharma stock for 1:1 bonus bonanza
As per Sebi's T+1 settlement cycle, investors must buy the company's shares at least one trading day before the record date for them to be credited to their demat accounts and qualify for the bonus issue. This makes today the last day to buy the stock to be eligible for the bonus shares.
Sudarshan Venu family trusts pledge TVS shares to fund TSF stake buy
Sudarshan Venu's trusts have secured ₹825 crore through share pledges to acquire an additional stake in TVS Holdings. The acquisition will raise Sudarshan's stake to 73.35%, enhancing family ownership. Funds from JM Financial Products and JM Financial Credit Solutions will finance this transaction. TVS Holdings reported a 39% increase in consolidated revenue, demonstrating strong business performance. This realignment of ownership reflects Sudarshan's growing role in the group’s future direction.
Ambuja Cements to invest Rs 14,500 crore to add 30 million tonnes capacity by FY30
Ambuja Cements will invest Rs 14,500 crore to increase its cement production capacity significantly by FY30. The company aims to boost its capacity from 125 million tonnes to 155 million tonnes over the next few years. This expansion will improve efficiencies and reduce manufacturing costs while targeting new markets. Adani Cement will also contribute to the overall capacity increase through new production facilities.
Indian IPO market clocks record Rs 84,400 crore in H1 FY27, fundraising jumps 30%
India's mainboard IPO market raised a record Rs 84,400 crore in H1 FY27, up 30% year-on-year, as September saw unprecedented fundraising. Strong investor participation, confidential filings and a robust pipeline supported primary market momentum.
Most wanted stocks 2026: 6 stocks mutual funds are buying even as markets slump
Stock market investors are growing wary as prices continue to drop amid broader economic issues. Nevertheless, mutual fund managers are optimistic, identifying many investment opportunities during this downturn. The article identifies six stocks that have seen a rise in mutual fund investments, showcasing their resilience and growth potential during tough times. This analysis offers investors valuable insights to enhance their future strategies.
Sebi bars EKI Energy, MD Dabkara, others from market; imposes penalty
The Securities and Exchange Board of India (Sebi) has taken serious action against EKI Energy Services Ltd and its Managing Director due to financial misreporting. The regulatory body discovered that the company recognized revenue too early and inflated expenses, distorting profit reports. In addition to the company's penalties totaling Rs 88 lakh, several executives were also fined for their complicity in these discrepancies.
Rs. 15 lakh crore of revenue, questioned by authorities – and the real worry was where the cash went
A company can report a loan, an advance, or an investment even after the cash has moved beyond its control. Sometimes the explanation is legitimate. Sometimes the money has been used for a purpose shareholders never approved. How does this happen?
Suzlon Energy shares crash 10% as Nuvama, others slash target prices after Q2 margins disappoint. What lies ahead?
After Suzlon Energy's quarterly results for September were unveiled, its shares fell nearly 10%. The company faced a staggering 69% decline in net profit, despite enjoying a 26% increase in revenue from wind turbine deliveries. Nuvama raised flags regarding lower-than-expected EBITDA margins, likely influencing the stock's dip. Nonetheless, Centrum Broking maintains a 'Buy' rating, indicating potential for recovery.
India records one of the fastest poverty declines in the world, poverty down from 27.1% to 2.6%: World Bank
India has seen a significant decline in poverty, with the rate dropping from 27.1 percent to 2.6 percent. Approximately 496 million people were lifted out of poverty between 2011 and 2023. Employment has increased, particularly among rural women, which contributed to this progress. However, youth unemployment has also risen, particularly among young rural women. The report highlights the need for productive employment opportunities to continue reducing poverty.
IIP growth eases to 4-month low in September as mining output contracts
September witnessed a decline in India's factory output growth, falling to 6.7%, the lowest rate observed in four months. The drop is largely linked to a high base effect and decreased mining activity. Despite this, manufacturing output surged by 7.6% compared to the previous year, while electricity generation also grew, spurred by robust demand even with insufficient rainfall. Economists anticipate GDP growth to surpass 7% for the July-September period.
Cognizant eyes Sarvam stake; Ather aims for higher market share
Happy Wednesday! Cognizant has held discussions to invest in homegrown AI startup Sarvam. This and more in today’s ETtech Morning Dispatch.
Detecting heart attacks beyond hospitals: Sunfox is making ECGs more accessible
Dehradun-based Sunfox Technologies brings a smartphone-powered ECG device that provides portable, clinical-grade heart monitoring beyond hospitals, reaching remote communities and healthcare centres across India.
Wiscon Industries SME IPO opens today; check price band and other key details
Wiscon Industries’ Rs 110-crore IPO opened on October 27 and will close on October 29. The BSE SME issue, priced at Rs 194–204 per share, includes a fresh issue and an offer for sale. Proceeds will support machinery purchases, working capital, marketing and other corporate expenses.
VerSe valuation sinks; Paytm Q2 profit rises
Happy Tuesday! Dailyhunt parent VerSe Innovation’s valuation has taken a sharp hit. This and more in today’s ETtech Morning Dispatch.
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