Equity News

Bullish on the fast-growing Indian aviation market, Saudi Arabia's no-frills carrier flyadeal will start flights to Indian cities, including Mumbai, from the first quarter of 2026.

Vedanta's second-quarter results met street expectations on robust operational performance, with analysts viewing the miner as well-positioned to benefit from the commodity rebound while advancing its deleveraging strategy.

The contract pertains to providing Aadhaar enrolment and updation services and has been awarded by a domestic entity. On Friday (October 31), shares of Railtel Corporation of India Ltd ended at ₹368.10, down by ₹3.35, or 0.90%, on the BSE.

On a standalone basis, Tata Chemicals reported a 19% year-on-year rise in revenue to ₹1,204 crore, supported by higher volumes. EBITDA rose 67% to ₹240 crore due to cost control measures, while profit after tax from continuing operations increased 80% to ₹178 crore compared with Q2FY25. Shares of Tata Chemicals Ltd ended at ₹890.75, down by ₹9.95, or 1.10%, on the BSE.

A Memorandum of Understanding was signed with Cochin Shipyard for the construction and repair of dredgers under modernisation initiatives aligned with the Atmanirbhar Bharat programme. Another MoU with NMDC Abu Dhabi focuses on forming a joint venture to enhance operational efficiency and global competitiveness. On Friday (November 1), shares of Dredging Corporation of India Ltd ended at ₹740.80, up by ₹13.45, or 1.85%, on the BSE.

For the first half of FY26, the company reported a profit of over ₹200 crore and achieved a key milestone, crossing an Assets Under Management (AUM) of ₹10,000 crore in October 2025.

EBITDA increased 32.1% to ₹53.2 crore, from ₹40.3 crore a year ago, with the EBITDA margin at 36.5%, slightly higher than 36.1% in Q2FY25. Shares of Azad Engineering Ltd ended at ₹1,695.95, down by ₹2.80, or 0.16%, on the BSE.

JK Cement's grey cement sales growth of 16% year-on-year and white cement & wall putty sales growth of 10% year-on-year, with net profit at ₹176 crore. The Prayagraj grinding unit increased capacity by 1 MTPA, raising total capacity to 3 MTPA On Friday (October 31), shares of J K Cement Ltd ended at ₹6,230.00, down by ₹17.15, or 0.27%, on the BSE.

As of March 31, 2025, Shadowfax is the fastest-growing new-age 3PL company of scale in India. Its service network spans 14,758 Indian pin codes as of September 30, 2025.

According to data released by NPCI, the total transaction value stood at ₹27.28 lakh crore in October, increasing from ₹24.90 lakh crore in September and ₹24.85 lakh crore in August. On a year-on-year basis, transaction count rose 25%, while transaction value increased 16%.

As per the order, the demand amount stands at ₹74.23 crore, with an equivalent penalty of ₹74.23 crore, along with applicable interest. The order was received by the company at 3:36 p.m. on October 31, 2025. On Friday (October 31), shares of Zydus Lifesciences Ltd ended at ₹974.00, down by ₹12.30, or 1.25%, on the BSE.

Small and low-risk business applicants who the GST system identifies based on data analysis, or those applicants who self-assess that their output tax liability will not exceed ₹2.5 lakh per month will be able to opt for the scheme.

August oil production exceeded EIA’s forecast of 13.5 million barrels a day

According to a CNBC report, Judge Jack McConnell delivered the oral ruling just one day before the administration was scheduled to cease food stamp benefits for 42 million Americans.

Wedbush analyst Dan Ives compared Apple’s position to that of Tesla, saying both companies are seen as lagging in AI but are poised to benefit from the technology’s next wave of consumer applications.

At the India Business Leaders Awards 2025 Jury Round, industry heavyweights from banking, law, healthcare and consulting agreed that India’s advantage lies in its ability to merge human talent with digital transformation. From AI in healthcare to fintech innovation and a record IPO wave, leaders said India’s growth story is no longer sector-specific — it’s system-wide.

Staar said in the recent filing that starting October 15, its management engaged in private discussions with Alcon regarding the path forward with the proposed merger.

IntrCity SmartBus is steering into its next phase of growth with a focus on technology, safety, and expansion beyond metro routes. CEO Manish Rathi says the company’s latest ₹250 crore fundraise will fuel its push into smaller cities and help build long-term infrastructure for India’s road travel ecosystem.

According to a Bloomberg News report, Trump said on Friday he has spoken with China’s President Xi Jinping during their summit in South Korea.

The third quarter was the first time since 2022 that AWS returned to growth above 20%.

The order, valued at ₹2,481 crore, covers both Phase 1 (Kapur Bawdi–Kasheli Dhamankar Naka) and Phase 2 (Dhamankar Naka–Bhiwandi–Kalyan APMC) of the metro corridor.

CEO Brian Armstrong said during Thursday’s earnings call that 264 institutions are now using the company’s developer platform.

The integration will allow over 35 million Mappls app users to access detailed and real-time metro-related information, including nearby stations, routes, fares, line changes, train frequencies, and travel times — all within the Mappls App interface. Shares of CE Info Systems Ltd ended at ₹1,820.65, down by ₹12.10, or 0.66%, on the BSE.

Among business segments, Banking and Financial Services delivered a sequential growth of 5.6% and a year-on-year rise of 11.0% in reported currency. Healthcare and Life Sciences grew 3.9% sequentially and 11.3% year-on-year. Shares of Zensar Technologies Ltd ended at ₹795.00, down by ₹7.70, or 0.96%, on the BSE.

The company forecast annual normalised earnings per share to come between $0.56 and $0.60, compared with the previous expectation of $0.66 to $0.70.

The analyst noted that Auto-CAR-T is showing unprecedented and transformational efficacy in systemic sclerosis, and investors aren't appreciating the substantial unmet need this represents.

The firm raised its FY2025 guidance, projecting revenues between $27.8 billion and $28.2 billion

Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm.

Shilpa Kumar of British International Investments says the $75 million facility for Blueleaf Energy will not only fund clean energy projects but also fill a crucial financing gap in India’s climate transition through mezzanine debt.

Speaking to CNBC-TV18 at the India Business Leader Awards (IBLA) 2025 jury round, Singh pointed to the success of the Unified Payments Interface (UPI), which is now live in seven to eight countries. He said around eight lakh cross-border transactions are already happening on UPI, with 1.5 million merchants onboarded on the international UPI network.

The firm’s revenue jumped to $73.2 million, marking a 1,086% year-on-year (YoY) increase.

Roku has raised its 2025 forecast for platform revenue to $4.11 billion, up from the previous guidance of $4.075 billion.

Vinay Prasad told Bloomberg that the FDA is going to be “extremely flexible” regarding gene editing therapies.

The assessment order pertains to the financial year 2020-21 (Assessment Year 2021-22) and involves transfer pricing adjustments, including disallowance of payments to related parties and challenges to corporate tax depreciation claims. Shares of Hindustan Unilever Ltd ended at ₹2,466.65, down by ₹2.95, or 0.12%, on the BSE.

The company now expects organic sales growth to be 1% to 2%, down from the previously forecast sales coming in at the low end of 2% to 4%.

Aquarian's reported offer of $70 per share, values the company at roughly $4 billion

The permit was jointly granted to Pony.ai and its partner Shenzhen Xihu Corporation, the city's largest taxi operator.

CII has urged the government to ensure an equitable buyback tax, simplify compliance, and promote domestic manufacturing in Budget 2026-27, while pushing for a shift towards a technology-driven, dispute-free tax system.

The contract involves the procurement of communication systems with accessories for the Special Forces of the Indian Air Force (IAF). The order, awarded by a domestic entity, is scheduled to be executed within 11 months. Shares of Astra Microwave Products Ltd ended at ₹1,042.90, down by ₹13.15, or 1.25%, on the BSE.

CEO Phong Le said that Strategy is expanding its digital credit business internationally, aiming to become a dominant global issuer of Bitcoin-backed credit products.

State Bank of India Chairperson CS Setty discusses banking sector stability, asset quality, and credit growth at the India Business Leader Awards 2025.

Lorie Logan said that unless inflation falls more sharply or the labor market weakens faster than expected, further easing would be “difficult.”

The new order boosts the company’s push into long-duration, grid-scale energy storage solutions in the UK market.

The Wires & Cables segment recorded 22% revenue growth, supported by 16% volume growth and higher value realisation, along with improved contribution margins through better operating leverage. Shares of R R Kabel Ltd ended at ₹1,410.75, up by ₹0.85, or 0.060%, on the BSE.

At the red carpet of India Business Leader Awards 2025 Jury Round, Kumar Mangalam Birla shared his philosophy on leadership — one rooted in empowerment, morale-building, and the ability to create new leaders from within.

The former State Bank of India chairperson said that instead of viewing AI with fear, companies should embrace the technology as a catalyst for innovation and efficiency.

KM Birla remarked that it is also equally important to be ready with "very thorough preparation", understand one's leverage, and what it takes to win in the industry.

Luminar also announced that CFO Thomas Fennimore will step down from his role, effective November 13, 2025, to pursue other career opportunities.

The company now expects revenue from Ibsrela to be between $270 million and $275 million for the full year.

Nuburu acquires 10.7% stake in Italian software company Orbit S.r.l