PREMIUM MODELS
Indian car buyers trade up selectively as CNG, EVs gain ground over fuel; SUV growth reshapes price ladder
Indian passenger vehicle sales have shown a pronounced shift towards higher price bands and alternative fuel options. The ₹12 lakh-20 lakh segment grew significantly, while lower segments experienced a slight decline. Petrol vehicle registrations decreased, with CNG and electric vehicles gaining market share. Compact SUVs have become increasingly popular, reflecting changes in consumer preferences and technology advancements.
Awfis Space Solutions reports Rs 451 crore revenue from operations during Q2FY27
Awfis Space Solutions reported a 26% year-on-year rise in Q2FY27 revenue to Rs 451 crore, driven by strong enterprise and GCC demand. Its co-working business grew 31%, while the company expanded to 254 centres across 18 cities. Awfis is targeting Rs 190-200 crore in full-year Cash EBITDA.
EloElo eyes global expansion post $80 million fundraise, aims to build ‘Netflix of micro-drama’
EloElo Group, the parent company of Story TV, successfully raised $80 million in a Series C funding round. The funding round was led by Hornbill Capital and NBCUniversal, significantly increasing the company's valuation. EloElo aims to enhance its micro-drama platform and expand into international markets. The company reported substantial user growth and high production efficiency using AI technology.
Macallan’s India journey: Tapping a growing appetite for luxury, legacy, and craftsmanship
The Macallan is committed to strengthening its connection with consumers in India through meaningful experiences and storytelling. This strategy aims to highlight the brand's heritage and craftsmanship in a local context. As Indian consumers become more discerning, they increasingly value authenticity and quality in luxury spirits. The Macallan plans to deepen partnerships with stakeholders in the luxury market while establishing a locally anchored presence.
Awfis Space Solutions shares rally 13% after Q2 profit jumps 94% YoY, revenue rises 20%
Awfis Space Solutions shares rallied after the company reported 94% year-on-year profit growth and a 20% rise in Q2 FY27 revenue. Strong seat sales, premium workspace expansion and enterprise demand supported its operational performance, even as FIIs and mutual funds trimmed stakes.
Canva layoffs: Affected staffers to get 6 months’ pay, a MacBook, and $10,000 to start up
Canva has announced significant changes that will impact around 1,271 team members, driven by a downturn in revenue growth. To improve project management and empower decision-making, teams will be consolidated. From January, employees will need to work in the office two to three times a week. A support package will provide generous severance, healthcare benefits, and career assistance, alongside a grant program to help exiting employees pursue new career paths.
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M.K. Sons Fine Jewels shares list at 6% premium over IPO price
M.K. Sons Fine Jewels made its stock market debut at a 6% premium over its IPO price. The company raised Rs 275.40 crore through its initial public offering, which saw high investor interest. Shares opened at Rs 171 compared to the issue price of Rs 162, indicating strong demand. The company's financial performance showed significant growth, with income rising to Rs 539 crore in FY26.
TVS RTR 125 unveiled: New sporty 125cc motorcycle brings racing DNA, aggressive styling & everyday practicality; check details
TVS Motor Company has unveiled the RTR 125 at EICMA 2026, expanding its European motorcycle line-up. Developed for A1 licence holders, the 125cc sports motorcycle targets young and first-time performance bike buyers. The company also showcased its wider portfolio, including the RR 310, RTR 310, Ronin, RTX 300 and special '82 Series editions.
Apple shares slide as higher memory costs fuel margin concerns
The iPhone maker has benefited from using memory purchased at lower prices, but that advantage is expected to diminish over time, leaving more of its purchases exposed to higher prices.
Solgram raises Over $1 million in pre-seed funding led by DSG Consumer Partners and Saama Capital
This funding will bolster its cold-chain infrastructure while improving its technological capabilities.
Only 3.2% of working Indians trade stocks. Why Morgan Stanley likes NSE
Morgan Stanley has initiated coverage of NSE with an overweight rating and a price target of Rs 2,315, citing its dominant market share, strong liquidity and India’s underpenetrated capital markets. The brokerage expects revenue and normalised profit to grow at 15% annually between FY27 and FY29. It sees long-term growth opportunities but flags regulatory changes and market-share losses as key risks.
Beyond tech: Kotak MF’s Shibani Kurian on India’s next innovation-led winners
Innovation-led investment opportunities in India are extending well beyond technology, with healthcare, auto components and industrials emerging as key areas of interest, according to Shibani Kurian, Head of Equity Research and Senior Fund Manager at Kotak Mahindra AMC. “Innovation can be seen across sectors and not necessarily limited to technology,” she said.
Apple plans major iPad refresh in 2027, new iPad Air and Pro models expected: Report
Apple is expected to refresh its iPad models, including the iPad Air, iPad Pro, and entry-level iPad. The upgrades aim to incorporate OLED displays and increased processing power. Additionally, a cooling system will help manage heat during intense tasks. The entry-level iPad will also see improvements, though specifics remain unclear. Major iPad updates are not anticipated in the latter half of 2027.
Marico Q2 Results: Net profit jumps 31% YoY to Rs 550 crore, revenue rises 12%
Marico reported a 31% YoY rise in Q2FY27 net profit to Rs 550 crore, while revenue grew 12% to Rs 3,897 crore. EBITDA increased 27%, margins expanded to 18.2%, and management expects double-digit growth during FY27.
IndiGo to introduce business, premium economy and economy cabins on A350 aircraft from 2028
IndiGo Airlines will introduce business class, premium economy, and economy cabins with its Airbus A350-900 aircraft. The first A350-900s are expected to join IndiGo's fleet in the second quarter of 2028. This marks a significant expansion in IndiGo's long-haul international operations, offering passengers more travel options. The airline currently operates in the domestic market and aims to strengthen its international presence.
Zee 5 launches ZAP with Saptharushi to deliver privacy-first audience intelligence
Zee 5 has introduced the Zee 5 Audience Platform, called ZAP, to enhance advertising through targeted audience insights. The platform uses viewing behavior and consented signals from various sectors to optimize campaigns. It allows brands to create precise audience cohorts based on specific business objectives and viewing patterns.
Vedant Poly Fabs SME IPO opens today; GMP at 16%, check key details
Vedant Poly Fabs’ Rs 56.68-crore IPO opens for subscription today on the NSE SME platform, with a 16% grey market premium indicating a potentially positive listing. The company plans to use the proceeds for working capital, debt repayment and manufacturing expansion.
Wall Street rushes in with bullish calls on India’s top bourse
Wall Street brokerages are turning bullish on NSE, citing its dominant market position and India’s expanding capital markets. Morgan Stanley, JPMorgan and 360 ONE recommend buying the stock, projecting up to 30% upside. Rising investor participation, trading activity and new businesses could drive long-term revenue and earnings growth.
Fintechs fortify cyber defences; Logistics cos in the speed lane
Happy Monday! Fintechs are stepping up security as AI-powered cyberattacks become more sophisticated. This and more in today’s ETtech Morning Dispatch.
India’s luxury car buyers are paying a premium for exclusivity, says JLR India MD
India's luxury car market is increasingly rewarding exclusivity, with JLR India saying 15 of the 18 vehicles in its Rs 5-crore Range Rover SV Sawai Collection have already been pre-booked. The company is expanding its bespoke personalisation services and plans to introduce two electric Range Rover models in 2027.
Electric two-wheeler sales hit record 2.24 lakh units in October on festive demand, new models
TVS Motor retained its leadership in October, nearly doubling registrations to 60,433 units and expanding its market share to 27% from 20.6% in the same month last year. Hero MotoCorp also gained ground, with its share rising to 13.4% from 10.9%, while Bajaj Auto maintained its market share at nearly 22%.
Largescale cyberattacks test the limits of insurance cover
While businesses rush to enhance their cyber insurance cover, the incidents have triggered a debate over whether existing policies adequately cover emerging cyber risks. The biggest question insurers are policyholders seem to be confronting is: who pays when a vulnerability exposes thousands of organisations to the same threat?
Health insurers seek expense cap tweaks
Standalone health insurers have requested that mandatory insurance products be excluded from expense-of-management calculations. They argue that including these products creates an imbalance for their business model. The Insurance Regulatory and Development Authority of India is considering changes to EoM regulations and limits. Insurers believe that the exclusion would help provide a more equitable competitive landscape. The proposed changes aim to revise expense calculation methods and set product-wise commission caps.
Dean of valuation Aswath Damodaran pegs Anthropic's worth at $1.475 trillion ahead of mega IPO
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.
Apple Pro and Tell: How much will the first touchscreen MacBook Pro cost in the US, UK and Canada?
Apple Pro and Tell: Apple has launched its first touchscreen MacBook Pro at the “Pro and Tell” event, with US prices starting at $2,899. Apple has opened preorders for the new touchscreen MacBook Pro models, with availability scheduled to begin on November 6 Here's what buyers in the US, UK and Canada need to know about pricing, new features and availability.
M.K. Sons Fine Jewels IPO opens today: Check GMP, key details. Should you subscribe?
M.K. Sons Fine Jewels’ Rs 275.40-crore IPO opens for subscription on October 28 and closes on October 30, with a grey market premium of around 6%, indicating modest listing-gain expectations. The issue comprises a fresh issue of Rs 220.32 crore and an offer for sale of Rs 55.08 crore. Allotment is expected on November 2, with listing tentatively scheduled for November 4 on the BSE and NSE.
Bajaj Auto Q2 Results: Profit jumps 35% YoY to Rs 3,354 crore; revenue up 34%
Bajaj Auto Q2 Results: Revenue grew 34% YoY to Rs 20,003 crore for the first time, doubling over the past three years. The company also reported EBITDA exceeding Rs 4,000 crore, a rise of over 37% from the year-ago period.
44% of India’s GCCs now own platforms and AI outcomes: Report
Global Capability Centres in India are transitioning into AI capability hubs, significantly increasing salaries for digital professionals. The focus of GCCs is shifting from execution to innovation and strategic capabilities. Reports indicate that AI talent in India commands a significant wage premium due to higher demand. As GCCs expand their roles, the need for skilled talent in AI and related fields continues to grow.
Yokohama expands Geolandar X-CV range to 37 sizes, targets India's SUV market
Yokohama India plans to add five new sizes to its Geolandar X-CV tyre range shortly. This expansion aims to cater to the growing crossover SUV market in India. The new sizes accommodate various SUV applications ranging from 16-inch to 20-inch. With this addition, the Geolandar X-CV range will become the largest dedicated crossover tyre range in India.
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