BILKUL BAZAAR— The Daily News Wrap
- Bilkul Online
- 8:00 PM | 30 Oct –31 Oct 2026
National Business News Highlights
1. Reliance Industries Reports Strong Q2 Performance with Record Quarterly Profit
Reliance Industries reported a strong performance for Q2 FY27, with consolidated revenue reaching ₹3.62 lakh crore. The company recorded a quarterly profit of ₹29,550 crore, supported by growth in its oil-to-chemicals and digital businesses.
2. Jio Platforms Posts 14% Profit Growth in First Earnings After Market Debut
Jio Platforms reported approximately 14% growth in profit in its first quarterly earnings following its landmark stock market debut. The company’s performance highlights continued momentum in India’s telecom and digital services sector.
3. CDSL Reports 24% Growth in Q2 Net Profit at ₹173 Crore
Central Depository Services Limited (CDSL) reported a 24% year-on-year increase in consolidated net profit to ₹173 crore for the September quarter. Consolidated total income also registered 22% growth, reflecting continued activity in India’s capital markets.
4. Aditya Birla Lifestyle Brands Doubles Quarterly Profit
Aditya Birla Lifestyle Brands reported a 126% increase in Q2 net profit to ₹53 crore, while revenue grew 11%. EBITDA increased 15%, marking the company’s fourth consecutive quarter of double-digit revenue growth.
5. Atul Auto Reports 169% Jump in Q2 Net Profit
Gujarat-based Atul Auto reported a substantial improvement in its September-quarter performance, with consolidated net profit rising approximately 169% year-on-year to ₹7.93 crore. Revenue increased nearly 43% to ₹218.43 crore.
6. Shyam Metalics Approves ₹360 Crore Investment in Coal Block Development
Shyam Metalics and Energy has approved an investment of ₹360 crore for developing the Phutamura coal block. The investment is aimed at strengthening the company’s energy security and supporting its long-term operational requirements.
7. Omaxe Sets Up Wholly-Owned Subsidiary for Lucknow Bus Terminal Project
Real estate developer Omaxe Limited has incorporated a wholly-owned subsidiary, Omaxe Lucknow Bus Terminal Private Limited, to undertake real estate-related projects, strengthening its development presence in Uttar Pradesh.
8. Taj GVK Hotels & Resorts Changes Name to Krishna GVK Luxury Hotels
Taj GVK Hotels & Resorts has officially changed its name to Krishna GVK Luxury Hotels, effective October 30. The development marks a corporate identity change for the hospitality company.
9. Bajaj Electricals Receives ₹112.32 Crore Income Tax Demand
Bajaj Electricals has received an income tax demand of ₹112.32 crore from the Income Tax Department for Assessment Year 2019–20. The demand has been raised following proceedings under Section 147 of the Income Tax Act.
10. India to Hold Talks with Liquor Companies Over Scotch Whisky Import Tariffs
The government will meet domestic and international liquor companies to discuss the dispute over tariff concessions on bulk Scotch whisky imports under the India-UK trade agreement. Domestic manufacturers have raised concerns that excluding bulk Scotch imports from reduced tariffs could affect local production and competition.
International Business News Highlights
1. BP Reports Highest Quarterly Profit Since 2008 Amid Oil Refining Boom
British energy major BP reported an underlying replacement-cost profit of $8.46 billion for the September quarter, its highest quarterly profit since 2008. Strong refining margins amid geopolitical disruptions in global energy supplies contributed significantly to the performance.
2. Nasdaq 100 Suffers Worst Monthly Performance Since March 2025
US technology stocks faced heavy selling pressure, with the Nasdaq 100 declining more than 3% on Friday. The index ended October down over 7%, marking its worst monthly performance since March 2025, amid disappointing earnings and concerns over returns from massive AI investments.
3. Binance Reports $6.3 Billion Cryptocurrency Theft
Cryptocurrency exchange Binance has reported a massive security breach involving approximately $6.3 billion, described in reports as one of the biggest cryptocurrency heists. The incident triggered renewed concerns about security risks in the digital asset ecosystem.
4. Alaska Airlines Plans 200 Job Cuts Amid Rising Fuel Costs
Alaska Airlines is planning to cut approximately 200 jobs as rising fuel expenses put pressure on its financial performance. The airline is facing the possibility of an annual loss of around $700 million, highlighting the challenges confronting the aviation industry.
5. Erste Group Raises 2026 Financial Outlook, Plans Polish Unit Share Tender
Austria-based Erste Group has raised its financial targets for 2026 and announced plans to launch a tender offer for shares in its Polish banking unit. The move reflects the group’s growth ambitions and expansion strategy in Central Europe.
💬Quote of the Day
“Great things in business are never done by one person. They’re done by a team of people.”
— Steve Jobs
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