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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/BUSINESS NEWSIndian rupee appreciates 20 paise to 94.79 against US dollar in early trading/
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BUSINESS NEWS · 2 HOURS AGOHDFC Life H1 profit rises 12.7% to ₹1,119 crore as value of new business grows 12%New business margin was 24.7%, and assets under management reached ₹4.09 lakh crore.2 min read
MARKET DYNAMICS · 2 DAYS AGOUS Federal Reserve report shows persistent inflation and stagnant hiring amid rising costsA Fed Beige Book assessment reveals growing cost pressures from tariffs, diesel, and insurance as market participants evaluate potential American interest rate hikes.2 min read
TAX & POLICY · 8 OCT 2026GST Council recommends lifting input tax credit restrictions on employee insurance and key servicesThe Goods and Services Tax Council has recommended easing blocked credit rules, allowing businesses to claim input tax credit on employee health and life insurance, as well as certain resold services.2 min readYou are all caught up. Older stories are in the archive: use search at the top to find them.
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