New Delhi: One 97 Communications Ltd, the parent company of digital payments giant Paytm, announced its financial results for the second quarter of fiscal year 2027 on Monday, October 26. The company reported a significant surge in profitability, posting a net profit of ₹226 crore for the quarter ended September 2026. This marks a massive […]
Market Volatility Reigns: Sensex and Nifty Navigate Global Headwinds on October 26, 2026
By BusinessLine Editorial Desk The Indian equity markets faced a turbulent session on Monday, October 26, 2026, as investors grappled with a complex web of macroeconomic pressures. Despite a modest intraday recovery that saw the Sensex gain over 200 points, the broader market sentiment remained cautious, with the Nifty 50 struggling to find firm ground […]
Bank of India Eyes Margin Expansion and Steady Growth on the Back of RBI’s Rate Hikes
MUMBAI — In an era marked by shifting monetary policies, tightening global liquidity, and evolving regulatory landscapes, public sector lenders in India are navigating a complex economic environment. Among them, the Bank of India (BoI) has positioned itself for a resilient performance in the upcoming quarters. Buoyed by the Reserve Bank of India’s (RBI) recent […]
Wheat Market Strains: Millers Urge Government to Boost Weekly Auction Quotas Amid Scarcity
By Industry Correspondent October 25, 2026 The Indian wheat market is currently navigating a period of paradoxical tension. Despite government reports of record-breaking production and comfortable buffer stocks, flour millers across the nation are reporting a severe supply crunch in the open market. This disparity has culminated in a direct plea from the milling industry […]
X Poised to Revolutionize Micro-Payments: Elon Musk Unveils One-Tap Money Transfer Feature
By IANS In a move that signals a significant shift in the evolution of social media, Elon Musk has announced a transformative new feature for X (formerly Twitter) that aims to turn the platform into a global hub for instant, frictionless financial transactions. By integrating a micro-payment system directly into the user interface, Musk intends […]
India-Germany Economic Ties Surge: Exports Projected to Cross $50 Billion by 2030, Powered by FTA and Industrial Synergy
NEW DELHI — India’s economic and strategic trajectory with Europe is entering an unprecedented era of growth. According to a landmark report released by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), India’s total exports of goods and services to Germany are projected to skyrocket past the $50 billion mark by the year […]
Fortifying the Digital Frontier: PM Modi Inaugurates RBI’s State-of-the-Art Data Centre and Cybersecurity Institute
Bhubaneswar, October 25, 2026 — In a landmark move aimed at insulating India’s rapidly digitizing economy against the rising tide of global cyber threats, Prime Minister Narendra Modi inaugurated the Reserve Bank of India’s (RBI) cutting-edge Data Centre and Cybersecurity Training Institute in Bhubaneswar, Odisha, on Sunday. The dual-facility complex represents a strategic pivot in […]
GST Refund Allowed on Cancelled Airline Tickets if Fare and Tax Are Returned to Passengers: Tribunal
NEW DELHI/KOCHI — In a landmark ruling that provides significant financial relief and legal clarity to the aviation sector, the Goods and Services Tax Appellate Tribunal (GSTAT) has held that GST paid on cancelled airline tickets can be claimed as a refund. The crucial caveat is that the airline must successfully demonstrate that both the […]
India Unveils ‘Samudra Manthan’: A Bold Strategic Pivot to Unlock Deepwater Energy Reserves
New Delhi, October 25, 2026 — In a move described by the Petroleum Ministry as the most ambitious upstream intervention in recent memory, the Government of India has officially released the operational guidelines for the "Samudra Manthan" scheme. With a staggering outlay of ₹84,084 crore, the initiative represents a fundamental shift in how the state […]
Government Grants Major Compliance Relief: FY26 Annual Return Filing Deadline Extended to January 2027
New Delhi: In a significant move aimed at providing operational relief to the corporate sector, the Ministry of Corporate Affairs (MCA) has officially announced an extension for the filing of annual returns for the financial year 2025-2026. According to the latest circular issued by the government, companies across India have been granted additional time to […]