INDUSTRY MOVES
At India Inc, laissez-affaire too often gets laissez passer
The controversy surrounding Nvidia founder Jensen Huang’s extramarital affairs has brought this question into sharper focus: when does a CEO’s private life stop being private and become an organisational concern? For India Inc, this is hardly unfamiliar territory. Corporate affairs, including relationships involving senior executives, are among the industry’s most closely guarded open secrets.
DEE Development Engineers Q2 profit rises 32% to Rs 23 cr
DEE Development Engineers Ltd reported a remarkable 31.8% increase in consolidated profit for the quarter ending September 30, 2026, rising to Rs 23.45 crore from Rs 17.79 crore the previous year. This growth was supported by a revenue boost to Rs 292.98 crore, primarily driven by advancements in the piping and fittings segment, reflecting their strategic pivot towards high-margin nuclear piping solutions.
Andhra Pradesh plans Visakhapatnam entertainment hub, Rana Daggubati to partner with state
Visakhapatnam is set to develop as a center for films, digital content, and gaming in Andhra Pradesh. Actor-producer Rana Daggubati has pledged to collaborate with the state government on this initiative. Minister Nara Lokesh emphasized the importance of creating a complete ecosystem for the entertainment industry. The plan includes building infrastructure for studios, production, and post-production facilities.
Stock Radar: Adani Power stock showing signs of recovery after falling 18% from highs; what should investors do?
Adani Power Ltd has rebounded after testing key support levels, which indicates a positive trend. Analysts suggest that short-term traders could buy the stock with a target of Rs 245. The stock recently experienced a significant decline but remains within an ascending channel. Technical indicators support a bullish outlook for the stock's trajectory moving forward. This analysis highlights potential volatility and the importance of maintaining trend support.
US stocks: US stocks reverse early gains as Nvidia turmoil hits tech sector
US stocks fell as Nvidia’s leadership turmoil triggered a broad technology selloff, sending the Nasdaq down 1.42% and the S&P 500 nearly 1% lower. Softer-than-expected producer inflation offered little relief as investors weighed the outlook for interest rates and the wider AI trade.
Govt tightens duty exemption rules for metallurgical coke imports
The government has tightened conditions for importers seeking exemptions from anti-dumping duty on low ash metallurgical coke, a key input for steelmaking and ferroalloy production. The finance ministry has made compliance with a prescribed customs procedure mandatory for eligible importers.
How a Ludhiana bicycle parts maker became India's lord of the rings
Sunil Bharti Mittal began his entrepreneurial journey in 1976, starting a bicycle-parts business in Ludhiana. After facing various challenges, he transitioned into telecommunications by manufacturing push-button telephones. Mittal founded Airtel in 1995 and navigated through intense competition, especially with the arrival of Reliance Jio. His strategic decisions helped Airtel grow into a major player in both India and international markets.
From biomass to biochar: Ankur Scientific’s 4-decade journey of turning waste into wealth
The Vadodara-based second-generation company has built a global business by turning waste into valuable resources.
CleanMax to invest Rs 50,000 crore in AI compute, renewable energy projects in Andhra Pradesh
CleanMax will allocate Rs 50,000 crore towards establishing a renewable energy and AI compute facility in Andhra Pradesh. Partnering with Neysa, a 2 GW AI computing center will rise in Kurnool district, set to provide 1,000 jobs by March 2028. This ambitious plan also includes generating 3 GW of wind, 2 GW of solar, and 1 GW of hydro storage energy, transforming Andhra Pradesh's technological landscape.
Shree Cement to invest Rs 7,000 crore in Andhra Pradesh; plans plants in 3 districts
Shree Cement Ltd plans to invest Rs 7,000 crore to establish cement plants in Andhra Pradesh. The company will set up facilities in Kadapa, Anakapalli, and Guntur districts. This decision comes after incentives from the coalition government led by Chief Minister N Chandrababu Naidu. Shree Cement aims to increase its production capacity beyond 80 million tonnes in the near future.
CM Yogi Adityanath promotes UP's 'bulldozer brand', invites CNH to manufacture them alongside tractors
Chief Minister Yogi Adityanath advocated for CNH Industrial to manufacture bulldozers in Uttar Pradesh alongside tractors. He emphasised the positive transformation of the state since 2017 under the Modi-led government. Adityanath attributed improvements in law and order to a strong government policy against crime and criminals. The state has become a favorable destination for business investments, attracting foreign companies. He acknowledged local contributions to the region's development, especially in Jewar.
India may open doors to multinational pharma firms for first-in-human Phase I trials
India is considering modifications to its pharmaceutical regulatory framework to attract multinational companies for clinical trials. Discussions have commenced regarding allowing these companies to conduct Phase I trials in India. Authorities aim to enhance India's appeal for global drug innovation and development. Strengthening manufacturing compliance over the last two years has also been part of the plan.
Gold ETF inflows fall 22%, but silver jumps 57% in October. Is it time to rebalance your portfolio?
In October, gold ETFs saw a significant drop in inflows, decreasing by 22% from the previous month. In contrast, silver ETFs experienced a striking surge of 57% in inflows. This shift sparks curiosity regarding changing investor preferences between these metals. Analysts suggest that the uptick in silver may be driven by transient trends rather than a substantial market shift. Investors should evaluate their risk tolerance before adjusting their investment strategies.
Stock Radar: Breakout from symmetrical triangle pushes Adani Ports to fresh record highs; time to buy or book profits?
Adani Ports & Special Economic Zone Ltd has broken out from a symmetrical triangle pattern on daily charts. The stock has hit fresh record highs and is recommended for short-term buying opportunities. Experts suggest potential upside targets of Rs 2,000 to Rs 2,100 in the next few weeks. Additionally, the stock demonstrates a strong bullish setup, reflecting positive momentum. The critical stop-loss level for traders is advised at Rs 1,750.
Tata Power clears ₹11,871 cr pumped storage project in Shirwata
Tata Power has approved a significant investment for its pumped storage project at Shirwata in Maharashtra. This initiative aims to enhance energy storage and facilitate the integration of renewable power sources. The project will help support renewable energy applications by enabling effective energy shifting. Recently, the company reported strong financial results, highlighting its robust performance across various business sectors.
India clears Rs 68,800-crore power corridor to connect western renewables with eastern demand hubs
India has approved the construction of a 1,150-kilovolt power transmission corridor that will aid electricity distribution. This corridor will connect western energy generation hubs to eastern industrial and urban centers. The project's estimated cost is nearly 688 billion rupees and is expected to take about six years to complete. The first phase will specifically link Chhattisgarh, Odisha, and West Bengal.
When AI starts operating machines, the network becomes industrial infrastructure
As manufacturing and automation expand together, networks built to serve billions of people will increasingly serve tens of billions of machines and AI agents as well. Treating those connections as industrial infrastructure, and planning them for that scale, will determine how well physical AI works once deployments move from individual use cases to whole industrial environments.
More than family business: Drugmakers make costly, long-term strategic shifts as next generation steps into bigger roles
India's family-run pharmaceutical companies are entering a new phase as the next generation takes on larger leadership roles and steers businesses towards complex generics, peptides, biologics, contract manufacturing and advanced therapeutics. Laurus Labs, Granules India, Bharat Biotech, Sun Pharma and Torrent Pharma are investing in capabilities that require greater scientific expertise, significant capital and longer gestation periods. The key question is whether the successors can turn these long-term bets into sustainable growth and create lasting value for investors.
In 1793, England completed an inclined plane that carried canal boats 207 feet uphill on wheeled cradles before returning them to the water
Around 200 years ago, a brilliant team of engineers in England created the Hay Inclined Plane, revolutionizing canal boat transport. This ingenious design enabled boats to move between the River Severn and the Shropshire Canal bypassing locks. By harnessing gravity and the power of counterweights, the system enhanced transport efficiency. As railways became more prevalent in the 19th century, its importance waned.
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