Category: Business

Business

MCap of four of top 10 valued firms jumps by ₹95,447 crore; Reliance biggest gainer

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Image used for representation purposes only. File | Photo Credit: Reuters The combined market valuation of four of the top 10 valued firms jumped by ₹95,447.38 crore last week, with Reliance Industries emerging as the biggest gainer. From the top-10 pack, Reliance Industries, Bharti Airtel, State Bank of India, and Life Insurance Corporation of India…

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Australian mining companies ‘prefer India over China’

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The aim of the visit is the strengthening of trade and investment opportunities between Australia’s First Nations people and India’s mining and renewable energy markets. | Photo Credit: Special Arrangement India is a preferred business destination compared with China as the companies here are more transparent, honest, cost-effective and work in a legal framework which…

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GST collections rise 4.6% to ₹1.96 lakh cr in October

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Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Gross GST collection increased 4.6% to about ₹1.96 lakh crore in October driven by festive buying spree despite a cut in GST rates. Goods and Services Tax (GST) rates on 375 items, including kitchen staples to electronics and automobiles, were slashed with effect from…

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Small, low-risk businesses to get GST registration within 3 days starting November 1

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Union Minister for Finance and Corporate Affairs Nirmala Sitharaman speaks during the inauguration of the New Office Building of CGST Bhawan in Ghaziabad on October 24, 2025. Photo: X/@nsitharamanoffc via ANI. Small and low-risk businesses will get GST registration within 3 working days as the GST department rolls out a simplified GST registration scheme for…

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Air India concludes phase 1 of retrofit of old planes

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Air India on Thursday concluded the revamp of 50% of the narrowbody aircraft it inherited after privatisation with 27 A320neo aircraft now featuring upgraded interiors, including new seats, in-flight entertainment systems, carpets, and charging ports. The airline has 27 A320 neos and 23 A320 ceos since before privatisation in its narrowbody fleet used primarily for…

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Bharat Petroleum’s Q2 profit more than doubles YoY fuelled with better refining margins

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Image used for representation purpose only. | Photo Credit: Reuters State-owned refiner Bharat Petroleum’s net profit rose more than two and half times, or by 168.8%, on a year-over-year basis to ₹6,442.53 crore in the second quarter fuelled by better refining margins. Gross refining margins, which is the key indicator for profitability, increased approximately 27%…

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Government’s H1 fiscal deficit stands at 36.5% of full-year target: CGA data

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The Centre’s fiscal deficit stood at 36.5% of the full-year target at the end of the first half of FY26, according to data released by the Controller General of Accounts (CGA) on Friday (October 31, 2025). The fiscal deficit was 29% of the Budget Estimates (BE) of 2024-25 in the first six months of the…

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Impact of crude contamination has been contained, was lower than anticipated: HPCL CMD

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Hindustan Petroleum’s Chairman and Managing Director (CMD) Vikas Kaushal on Friday (October 31, 2025) said he was not “losing sleep” over Russian crude because it represents 5% of the company’s overall mix and it can get the quantum from other sources. Speaking on a call with investors and analysts, Mr. Kaushal also underlined that crude…

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GAIL India’s net profit falls 17% YoY amid rise in expenses

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Image used for representation purpose only. | Photo Credit: Reuters State-owned gas distributor GAIL (India) Ltd.’s standalone net profits in the second quarter plunged by 17% on a year-over-year basis to ₹2,217.24 crore decelerated by growing expenses. Cumulative expenses of the distributor rose 9.3% YoY to ₹33,000.62 crore during the quarter primarily driven by increase…

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Business

Forex reserves drop $6.9 bn to $695.35 bn

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Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s forex reserves dropped by $6.925 billion to $695.355 billion during the week ended October 24, the RBI said on Friday (October 31, 2025). In the previous reporting week, the overall reserves had increased by $4.496 billion to $702.28 billion. For the week ended…

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