Sarda Energy & Minerals Q2 results: Net profit dips 2.2% to 320 crore
INDIA BUSINESS | Sun, 1 Nov 2026, 1:22PM IST
Sarda Energy & Minerals has reported a 2.2 per cent decline in consolidated net profit to Rs 320 crore, mainly impacted by lower revenues.
It clocked Rs 328 crore profit after tax (PAT) in the second quarter of the preceding 2025-26 financial year, the company said in a statement on Saturday.
In July-September, the company's total income reduced by 5.7 per cent to Rs 1,505 crore from Rs 1,596 crore a year ago.
In Q2 FY2, the company's EBITDA also fell 2.7 per cent year-on-year to Rs 564 crore from Rs 580 crore in July-September of FY26.
However, in April-September, its PAT grew 4.5 per cent to Rs 799 crore from Rs 764 crore in the year-ago period.
Sarda Energy & Minerals Limited (SEML) is an integrated energy and minerals company with interests spanning power generation, mining, steel and ferro alloys.
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Sebi working to delist companies with no economic activity: Chairman
INDIA MARKET | Sun, 1 Nov 2026, 1:22PM IST
The Securities and Exchange Board of India (SEBI) is working towards removing companies with no economic activity from the stock exchanges, as their continued presence in the listed space poses a potential risk to investors, a top official said.
There are a number of listed companies with no economic activity, SEBI chairman Tuhin Kanta Pandey said.
"They pose a potential danger to investors, and therefore, it is necessary to remove them from the listed space. We are making efforts towards their delisting," Pandey said here on Saturday during a programme.
From the perspective of market integrity, it is important to address the presence of such companies, as their continued listing could expose an increasing number of investors to potential risks through social media groups, he said.
These stocks are used in "pump and dump operations" by some manipulators, the SEBI chairman said.
He said SEBI was using AI techniques to track and scrutinise such accounts, along with numerous other ..
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Escorts Kubota reports 10% decline in October sales to 16,921 units
INDIA BUSINESS | Sun, 1 Nov 2026, 1:15PM IST
Escorts Kubota Ltd on Sunday reported a 10 per cent year-on-year decline in total tractor sales to 16,921 tractors in October from 18,798 a year earlier.
Its domestic tractor sales fell 10.9 per cent to 16,412 tractors compared to 18,423 units in the year-ago period.
However, the company's exports rose 35.7 per cent to 509 units in October against 375 units in the year-ago period.
The industry witnessed some moderation in October 2026, impacted by a high base, shift in festive timing and monsoon-related disruptions. Elevated input costs due to geopolitical developments and consequent pricing actions may moderate demand in the near term, the company said in a release.
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Sebi extends digital accessibility compliance deadline to January 31
INDIA MARKET | Sun, 1 Nov 2026, 1:15PM IST
Sebi has extended the deadline for regulated entities to complete key digital accessibility compliance requirements to January 31 next year, following requests from market participants.
In a circular dated October 30, Sebi said the extension covers the appointment of an International Association of Accessibility Professionals (IAAP) auditor, conducting accessibility audits of digital platforms and remediation of findings arising from the audits.
The requirements are part of Sebi's earlier circulars on mandatory compliance with the Rights of Persons with Disabilities Act, 2016, and the rules framed thereunder by all regulated entities.
The Securities and Exchange Board of India (Sebi) said it had received representations from regulated entities seeking an extension for submitting their compliance status and had also reviewed the progress made by them.
The circular refers to five earlier communications issued by the regulator in July, August, September and December 2025, and July 31,
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Hyundai, Tata, M&M October sales surge amid festive cheer; Escorts Kubota declines 10%
INDIA BUSINESS | Sun, 1 Nov 2026, 1:12PM IST
In October, various automakers experienced different sales results, highlighting a mixed performance across the industry. Hyundai Motor India observed a 17.7% sales increase, with domestic and export growth. Tata Motors Passenger Vehicles reported an impressive 23% rise in sales, including a 75% increase in electric vehicles. Conversely, Escorts Kubota faced a 10% sales decline during this time period.
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Gross GST collections rise 23% to 2.31 trillion in October on strong sales
INDIA NEWS | Sun, 1 Nov 2026, 1:11PM IST
Gross GST collections increased 23 per cent to over Rs 2.31 lakh crore in October, driven by strong mop-up from domestic activities and imports, according to government data released on Sunday.
Gross GST collections from domestic sales rose 16 per cent to over Rs 1.59 lakh crore, and revenues from imports climbed 42 per cent to Rs 72,246 crore.
The Rs 2.31 lakh crore collection includes Central GST mop-up of 42,935 crore, State GST of Rs 51,340 crore and Integrated GST of over Rs 1.37 lakh crore, data showed.
Goods and Services Tax (GST) refunds increased 6.5 per cent year-on-year to Rs 27,934 crore in October.
After adjusting for refunds, net GST collections rose 26 per cent to over Rs 2.03 lakh crore in October.
During April-October, gross GST collection grew 13.2 per cent to over Rs 14.77 lakh crore. Net collections rose 13 per cent to over Rs 12.69 lakh crore.
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INDIA MUTUAL FUNDS | Sun, 1 Nov 2026, 1:04PM IST
Investors building a Rs 10 lakh mutual fund portfolio with a 5-10 year horizon should focus on growth-oriented strategies and consider diversifying across two fund managers, says Prateek Agrawal of Motilal Oswal AMC. He highlights flexi-cap funds, emerging sectors and AI-linked businesses as opportunities, while advocating focused investing and a mix of growth and value strategies.
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UPI average daily transaction value crosses 1 trillion in October
INDIA BUSINESS | Sun, 1 Nov 2026, 1:04PM IST
Festive spending pushed UPI transactions to 25.47 billion, worth 31.53 trillion, even as the proposed merchant discount rate remains in focus
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OPEC+ set to keep December oil output targets unchanged, focus shifts to 2027 quotas
INDIA BUSINESS | Sun, 1 Nov 2026, 1:02PM IST
OPEC+ oil-producing countries have agreed to keep December production targets unchanged in a recent meeting. This decision is intended to pause output adjustments until next year, while focusing on future production quotas. Gulf producers are increasing exports that were previously disrupted due to the Iran war. The group also continues to maintain production cuts of approximately 2 million barrels per day until 2026.
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Iran Signals Reopening Strait Of Hormuz 'Within Two Days' If US Accepts Key Demands
INDIA MARKET | Sun, 1 Nov 2026, 12:55PM IST
File image of Iranian Foreign Minister Abbas Araghchi
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Teachers Eligibility Test underway In Jharkhand At Over 980 Centres Amid Tight Security
INDIA MARKET | Sun, 1 Nov 2026, 12:53PM IST
Jharkhand Teacher's Eligibility Test
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10 penny stocks plunge up to 70% in three months. Do you own any?
INDIA MARKET | Sun, 1 Nov 2026, 12:53PM IST
Ten actively traded penny stocks have fallen between 34% and 73% over the past three months, highlighting the risks associated with low-priced shares. Cropster Agro recorded the steepest decline at 73%, followed by Bridge Securities and Empower India, which dropped 55% and 50%, respectively.
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INDIA BUSINESS | Sun, 1 Nov 2026, 12:51PM IST
Eastern Railway has announced three unreserved special trains connecting Sealdah and Kolkata with Jaynagar, Ballia and Gorakhpur to manage the festive passenger rush ahead of Chhath. Each train will have 20 coaches, including 18 general second-class coaches. Here are their timings, departure dates, return schedules and important stoppages.
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India's October coal-fired power output jumps most in 3 years as hydro generation slumps
INDIA BUSINESS | Sun, 1 Nov 2026, 12:36PM IST
India experienced a surge in coal-fired electricity generation of 25.7% in October compared to the previous year. The increase was attributed to a substantial decline in hydropower generation by 26% caused by lower rainfall. Power demand from industrial activity contributed to the rise in coal usage across the country. During October, renewable power generation also increased by 34.7%, primarily from solar energy. Overall electricity generation grew by 21.
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IOC, BPCL, HPCL clock 30,106 cr Q2 profit, nearly 39% of FY26 earnings
INDIA BUSINESS | Sun, 1 Nov 2026, 12:31PM IST
India's three state-run fuel retailers earned a combined standalone net profit of Rs 30,106 crore in the July-September quarter, nearly 39 per cent of their annual earnings, after a refining margin boost and inventory gains helped more than offset losses on fuel sales and a mounting unpaid LPG subsidy bill.
The combined profit of Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) is 68.3 per cent more than their earnings in the same period last year and a swing from a combined loss of about Rs 18,150 crore in the previous April-June quarter, according to company filings.
The July-September quarter alone equals about 39 per cent of the three companies' combined FY26 (April 2025 to March 2026 financial year) profit of Rs 77,281 crore.
The boost in earnings came despite petrol and diesel prices remaining on freeze since May and unchanged domestic LPG rates since March, despite a surge in benchmark prices and input crude
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Hyundai Motor India records highest-ever monthly sales at 82,299 units in October
INDIA BUSINESS | Sun, 1 Nov 2026, 12:28PM IST
Hyundai Motor India Limited (HMIL) recorded its highest-ever monthly sales of 82,299 units in October, registering a year-on-year growth of 17.7 per cent, driven by strong festive demand and increased sales in both domestic and export markets.
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Made-To-Order Brain Monitor: Deepinder Goyal's 'Temple' Goes Live; Check Price And How To Buy
INDIA MARKET | Sun, 1 Nov 2026, 12:27PM IST
Temple is a compact brain-monitoring wearable designed to be worn on the side of the head using adhesive grips.
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IOC, BPCL, HPCL clock Rs 30,106 cr Q2 profit, nearly 39 pc of last year's annual earnings
INDIA MARKET | Sun, 1 Nov 2026, 12:22PM IST
In the third quarter, spanning July to September, India's three major state-run fuel retailers announced a combined net profit of Rs 30,106 crore, reversing a previous loss of Rs 18,150 crore. This profitability surge defied the ongoing freeze on petrol and diesel prices since May. Indian Oil Corporation achieved its highest standalone quarterly net profit, buoyed by strong refining margins, yet faces ongoing challenges related to fuel under-recoveries.
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FPIs Pull Out Rs 34,843 Crore From Equities In October; Turn Net Buyers Last Week
INDIA MARKET | Sun, 1 Nov 2026, 12:17PM IST
The recent improvement in flows signals a shift in near-term sentiment, but one week of buying does not necessarily indicate a sustained reversal, market experts said.
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Your Rs 1 Lakh Buys 25% More Gold This Dhanteras Than In January. Should You Invest?
INDIA MARKET | Sun, 1 Nov 2026, 12:07PM IST
The India Bullion and Jewellers Association's benchmark rate for 24-carat gold closed at Rs 1,40,054 per 10 grams on Friday, Oct. 30.
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Can Nifty, Sensex extend gains after rallying up to 2% last week? 4 factors to watch on Monday
INDIA MARKET | Sun, 1 Nov 2026, 12:07PM IST
Indian benchmark indices Sensex and Nifty ended the week higher, gaining up to 0.5%, even as broader markets declined amid rising crude oil prices above $117 a barrel. Investors will track oil price movements, foreign institutional investor (FII) activity, global cues and domestic market trends for direction. FIIs turned net buyers after a 10-week selling streak, lending support to sentiment.
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Lodha Developers to invest Rs 1,200 crore in first Delhi-NCR project on Gurugram's Golf Course Road
INDIA BUSINESS | Sun, 1 Nov 2026, 11:55AM IST
Lodha Developers has announced plans to invest approximately Rs 1,200 crore for an office complex in Gurugram. This project will be located on the strategic Golf Course Road, attracting significant business interest. The complex is expected to feature 4 lakh sq ft of Grade A++ office space, with large floor plates appealing to potential buyers.
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FPIs pull out Rs 34,843 cr from equities in Oct; turn net buyers last week
INDIA MARKET | Sun, 1 Nov 2026, 11:55AM IST
Amidst rising economic fears, foreign portfolio investors withdrew Rs 34,843 crore from Indian equities in October. Although they had made significant contributions in July and August, outflows continued through September. By late October, a turnaround occurred as foreign investors became net buyers, infusing approximately Rs 6,300 crore into the market. Support from domestic institutional investors provided much-needed stability as all eyes turn to potential global impacts on investor sentiment.
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Index vs actively managed funds: What's better for new investors?
INDIA BUSINESS | Sun, 1 Nov 2026, 11:45AM IST
As passive investing grows, new investors must choose between low-cost index funds and the higher-fee promise of active management
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Indian Bank targets Rs 100 cr lending under EV charging scheme in FY27: MD
INDIA BUSINESS | Sun, 1 Nov 2026, 11:35AM IST
Indian Bank has set a lending target of Rs 100 crore for electric vehicle charging infrastructure. The bank launched IND Green Charge for public, captive, and fleet charging stations under various models. It plans to promote entrepreneurship and support India's transition to sustainable mobility with this initiative. The scheme will provide loans up to Rs 10 crore for a maximum tenure of eight years.
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FPIs pull out 34,843 cr from equities in Oct, turn net buyers last week
INDIA BUSINESS | Sun, 1 Nov 2026, 11:34AM IST
Foreign portfolio investors (FPIs) withdrew Rs 34,843 crore from Indian equities in October, marking the second consecutive month of heavy outflows, amid concerns over elevated crude oil prices, global interest rates and the corporate earnings outlook.
However, foreign investors turned net buyers towards the end of the month, infusing around Rs 6,300 crore during October 26-30 compared to net outflows of nearly Rs 2,700 crore in the week ended October 23.
According to data from the Central Depository Services Ltd (CDSL), FPIs withdrew Rs 35,861 crore in September. Before that, they had invested Rs 20,200 crore in July and Rs 29,631 crore in August.
With the latest withdrawals, cumulative FPI outflows from Indian equities in 2026 have reached Rs 2.95 lakh crore.
The recent improvement in flows signals a shift in near-term sentiment, but one week of buying does not necessarily indicate a sustained reversal, market experts said.
"For October as a whole, foreign selling remained ...
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Bosch targets double-digit share in India's AC market within two years
INDIA BUSINESS | Sun, 1 Nov 2026, 11:34AM IST
European heating and cooling solutions provider Bosch Home Comfort Group, which plans to launch Bosch-branded air conditioners next year, is eyeing a double-digit market share over the next two years, said its Managing Director Sanjay Sudhakaran.
The company is targeting to secure a place among the top five brands in the medium term, he added.
Bosch Home Comfort Group, part of German engineering major Bosch GmbH, is accelerating its India expansion strategy through a dual-brand approach. It acquired the global residential and light-commercial air-conditioning business of Johnson Controls and Hitachi in August 2025
According to the strategy, it is positioning Hitachi in the mainstream and mass-premium segments and Bosch in the performance-premium and super-premium categories to tap different cohorts of the consumer groups, Sudhakaran told PTI in an interview.
Besides, Bosch Home Comfort is strengthening its long-term commitment to India with plans to invest 80 million euros (around
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ITC Q2 Results Preview: Profit seen falling nearly 30% YoY as cigarette tax hikes bite
INDIA MARKET | Sun, 1 Nov 2026, 11:27AM IST
ITC is expected to report a weak Q2, with brokerages forecasting an 8% decline in cigarette volumes and a drop of up to 29% in cigarette operating profit following tax hikes. Nuvama expects consolidated revenue to fall 3% YoY and EBITDA to decline 20%. Growth in FMCG and paper businesses could provide some cushion against the pressure.
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NCERT To Release Class 10 Textbooks By December 2026 For Students To Prep In Advance
INDIA MARKET | Sun, 1 Nov 2026, 11:26AM IST
NCERT To Release Class 10 Textbooks By December 2026
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INDIA MARKET | Sun, 1 Nov 2026, 11:25AM IST
Ranabaali was released on October 16, 2026.
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Nifty ITs 18% rally may mark a durable leadership cycle; 35,000 next: LKP's Vatsal Bhuva
INDIA MARKET | Sun, 1 Nov 2026, 11:25AM IST
Nifty ITs 18% October rally could signal a sustained leadership cycle, supported by improving momentum, a bullish RSI crossover and capital rotation from global AI stocks. Analyst Vatsal Bhuva sees the index targeting 35,000. He remains cautious on Swiggy, bullish on Acutaas Chemicals, and recommends buying Persistent Systems and Eternal based on positive technical setups.
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Mahindra clocks record SUV sales of 73,338 units in October on festive demand
INDIA BUSINESS | Sun, 1 Nov 2026, 11:14AM IST
Mahindra & Mahindra reported its highest ever monthly SUV sales in October 2026 with significant increases. Domestic utility vehicle sales rose by 2% year-on-year, totaling 73,338 units, contributing to total vehicle sales of 131,109 units. Domestic commercial vehicle sales grew by 4% to 33,037 units in the same period. Furthermore, exports recorded a remarkable 77% boost, reaching 7,102 units.
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Mahindra clocks all-time high SUV sales of 73,338 units in October on festive demand
INDIA BUSINESS | Sun, 1 Nov 2026, 11:14AM IST
Mahindra & Mahindra reported its highest ever monthly SUV sales in October 2026 with significant increases. Domestic utility vehicle sales rose by 2% year-on-year, totaling 73,338 units, contributing to total vehicle sales of 131,109 units. Domestic commercial vehicle sales grew by 4% to 33,037 units in the same period. Furthermore, exports recorded a remarkable 77% boost, reaching 7,102 units.
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IPO Calendar: Primary market cools after Jio frenzy, but 13 listings lined up
INDIA MARKET | Sun, 1 Nov 2026, 11:11AM IST
Indias IPO market is set for a quiet week, with just one fresh issue worth Rs 56.68 crore opening for subscription and no mainboard launches. Vedant Poly Fabs will be the only new IPO, while 13 companies are expected to list. The slowdown follows Octobers blockbuster Rs 30,188 crore Jio Platforms IPO, which was subscribed over 22 times.
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'Fire Them By Friday': Chennai IT Manager's Anonymous Account Hits A Nerve
INDIA MARKET | Sun, 1 Nov 2026, 11:09AM IST
On Reddit, the account became the backdrop to a familiar Indian employment debate: how much is job security worth?
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Sona Comstar expects annual investments to rise as business grows: MD
INDIA BUSINESS | Sun, 1 Nov 2026, 10:54AM IST
Auto component maker Sona BLW Precision Forgings Ltd (Sona Comstar) expects its annual investments, currently at Rs 500-600 crore, to rise as it scales up operations, with a focus on R&D, capacity expansion and new capabilities, its Managing Director and Group CEO Vivek Vikram Singh said.
In an interview to PTI, Singh shared that the company will continue investing across all its three business lines, adding that it had introduced three new products during the September quarter.
"Annual investment is currently around Rs 500-600 crore. This should increase as we grow over the decade," he said.
Singh said investments would cover multiple areas, including R&D, capacity additions, capability additions and new processes, with the company focusing on developing entirely new products.
According to the company's Q2 results release, the three products commercialised during the quarter were a helical limited slip differential for EVs, air springs for railway coaches and rear radar ...
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Cordelia Cruises targets top-five global cruise market status for India by 2032
INDIA BUSINESS | Sun, 1 Nov 2026, 10:46AM IST
Cordelia Cruises intends to expand its fleet to enhance domestic cruise tourism and increase capacity. The company currently operates two ships and plans to introduce a third earlier than expected. It emphasizes the potential of the Indian market, noting significant opportunities due to the coastline. The impact of rising fuel prices has affected operating costs, yet the company remains profitable.
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INDIA BUSINESS | Sun, 1 Nov 2026, 10:45AM IST
Assam Chief Minister Himanta Biswa Sarma has welcomed the extension of the Northern bullet train corridor from Siliguri to Guwahati, saying Delhi-Guwahati travel could take under eight hours. PM Narendra Modi has approved the Northern corridor, which will connect major cities across Uttar Pradesh, Bihar and West Bengal before reaching Assam.
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INDIA BUSINESS | Sun, 1 Nov 2026, 10:45AM IST
Assam Chief Minister Himanta Biswa Sarma has welcomed the extension of the Northern bullet train corridor from Siliguri to Guwahati, saying Delhi-Guwahati travel could take under eight hours. PM Narendra Modi has approved the Northern corridor, which will connect major cities across Uttar Pradesh, Bihar and West Bengal before reaching Assam.
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Dividend Watchlist: Key Ex-Dates For Infosys, Mazagon Dock, Coal India And More Next Week
INDIA MARKET | Sun, 1 Nov 2026, 10:42AM IST
Dividend stocks to watch this week
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