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BUSINESS NEWSTata Technologies Q2 profit rises 9.6% to ₹145.8 crore on 14.6% revenue growth/INNOVATIONShillong's Shamrock AI raises $5 million seed round led by Endiya Partners/BUSINESS NEWSBHEL Q2 profit jumps 120% to ₹810 crore as revenue rises 24%/TAX & POLICYCBDT replaces Form 161 for penalty waiver applications under the new Income-tax Act/BUSINESS NEWSHDFC Life H1 profit rises 12.7% to ₹1,119 crore as value of new business grows 12%/MARKET DYNAMICSSensex and Nifty gain for a second day on 16 October as IT stocks jump about 4%/BUSINESS NEWSIndian Bank Q2 profit rises 14.7% to ₹3,462 crore as gross NPA falls to 1.61%/BUSINESS NEWSWipro Q2 profit slips 1.4% to ₹3,200.6 crore as large-deal bookings fall 58.6%/BUSINESS NEWSTata Steel receives NCLT order approving merger of subsidiary Rujuvalika Investments/BUSINESS NEWSJio Financial Services Q2 profit halves to ₹340 crore as dividend income drops out/BUSINESS NEWSNestlé India Q2 profit rises 35.9% to ₹1,010 crore, but shares fall 7.5% on inflation warning/MARKET DYNAMICSJio Platforms' ₹30,213 crore IPO opens on 21 October, with nine listings also due next week/BUSINESS NEWSSupreme Court upholds quashing of Yes Bank's ₹8,400 crore AT1 bond write-off; shares fall 14.5%/TAX & POLICYRBI raises banks' daily minimum CRR balance to 99% of the requirement from 16 October/BUSINESS NEWSTech Mahindra Q2 profit rises 33% to ₹1,586 crore; board recommends 1:1 bonus shares/MARKET DYNAMICSIndian IT stocks post their best week since 2008 as Nifty IT rises 11.72%/EARNINGS CALLSTata Consultancy Services Q2 FY27 earnings call: what management said/BUSINESS NEWSSEBI resets the closing auction: 10-minute window, random cut-off and new expiry settlement rules/BUSINESS NEWSDeficit rain and pest attacks threaten India's arabica coffee output/BUSINESS NEWSIndia's September exports jump 23% as trade deficit narrows to $30.21 billion/
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