BILKUL BAZAAR— The Daily News Wrap
- Bilkul Online
- 8:00 PM | 29 Oct –30 Oct 2026
National Business News Highlights
1. Coal India Reports 57% Jump in Q2 Profit: Coal India posted a consolidated net profit of ₹6,547 crore for the September quarter, compared with ₹4,167 crore a year earlier. Revenue from operations rose to ₹44,179 crore.
2. IndiGo Narrows Quarterly Loss to ₹1,879 Crore: InterGlobe Aviation reported a 27% year-on-year reduction in its Q2 net loss, supported by a 24% rise in revenue despite higher aviation fuel expenses.
3. Trent Reports 25% Growth in Q2 Profit: Tata Group’s retail company posted a consolidated net profit of ₹468 crore for the September quarter. Noel Tata also announced that he would step down as chairman.
4. Vedanta Oil and Gas Returns to Profit: The company reported a profit after tax of ₹746 crore for the September quarter, compared with a loss of ₹92 crore in the corresponding period last year.
5. Godrej Consumer Products Posts 14% Profit Growth: The company reported consolidated net profit of ₹522.92 crore for Q2 FY27, supported by volume growth.
6. Afcons Wins EPC Contracts Worth ₹3,469 Crore: Afcons Infrastructure secured two significant engineering, procurement and construction contracts in Uttar Pradesh.
7. IHCL and Adani Airports Announce Hospitality Partnership: Indian Hotels Company and Adani Airport Holdings will develop and operate eight airport-linked hotels with more than 2,000 rooms across key locations, including Ahmedabad.
8. Equitas Small Finance Bank CEO Resigns: Managing Director and CEO P.N. Vasudevan stepped down, citing concerns over a perceived conflict of interest. The resignation put the bank’s shares in focus.
9. Suzlon Energy Reports 26% Revenue Growth: Suzlon posted a 1.3% year-on-year rise in consolidated net profit to ₹394 crore for Q2 FY27, while revenue increased 26%.
10. Fino Payments Bank Reports Q2 Loss: The payments bank posted a net loss of ₹20.9 crore for the July–September quarter, with profitability affected by margin pressure and higher depreciation.
International Business News Highlights
1. Wall Street Technology Stocks Face Fresh Sell-Off: The Nasdaq dropped to a nearly three-month low as investors grew concerned about the rising cost of artificial intelligence infrastructure and uncertain returns on investment.
2. Intel Shares Slide on Weak Outlook: Intel shares came under heavy pressure after the company warned of near-term weakness in the PC market, with memory-chip shortages raising costs and affecting demand.
3. Amazon Faces Investor Concerns Over AI Spending: Amazon’s shares declined amid concerns over its heavy data-centre investments, weaker-than-expected holiday-quarter sales outlook and mounting cash-flow pressures.
4. Bank of Japan Holds Interest Rates at 1.25%: The central bank kept rates unchanged but raised its inflation forecast and signalled that further rate increases could be considered in the coming months.
5. Crude Oil Prices Rise Amid Supply Concerns: Renewed tensions in the Middle East and disruptions to energy infrastructure pushed global oil prices higher, raising concerns over fuel costs and inflation.
Quote of the Day
“Price is what you pay. Value is what you get.” — Warren Buffett
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