• Bilkul Online
• 8:00 PM |  01 Nov –02 Nov  2026

National Business News Highlights

1. Sensex Surges 1,233 Points, Nifty Crosses 23,400 Mark

Indian equity markets staged a strong rally on Monday. The Sensex jumped 1,233 points to close at 75,692.78, while the Nifty gained 1.68% to settle at 23,440.80. Strong corporate earnings and declining crude oil prices boosted investor sentiment.

2. Reliance Industries Reports Strong Quarterly Performance

Reliance Industries attracted investor attention after reporting robust second-quarter earnings. Its consolidated net profit rose approximately 41% year-on-year to ₹25,548 crore, while revenue increased 29% to ₹3.32 lakh crore.

3. Jio Platforms Records 14% Growth in Quarterly Profit

Jio Platforms reported a 14% year-on-year increase in September-quarter net profit to ₹8,387 crore. Revenue grew 11.3% to ₹47,485 crore, supported by subscriber additions, 5G adoption and digital services.

4. Bank of Baroda Reports 36% Jump in Q2 Net Profit

Bank of Baroda reported a standalone net profit of ₹6,531.5 crore for the September quarter, registering 35.8% growth year-on-year. Net interest income increased 9%, while asset quality also improved.

5. Indian IPO Market Raises Record ₹84,400 Crore in First Half of FY27

India’s mainboard IPO market raised a record ₹84,400 crore during the first half of FY27, marking a 30% increase over the corresponding period last year. A sharp increase in public offerings during the July-September quarter contributed to the fundraising milestone.

6. NTPC Reports 14% Growth in Second-Quarter Profit

NTPC reported a 14.3% year-on-year increase in standalone net profit to ₹5,319.9 crore. Revenue increased 16.8% to ₹45,752 crore, reflecting continued growth in its power generation business.

7. Indian Oil Corporation Posts 184% Jump in Quarterly Profit

Indian Oil Corporation reported a substantial 184.2% year-on-year increase in standalone second-quarter profit to ₹21,630 crore. Revenue, excluding excise duty, increased 40% to ₹2.5 lakh crore.

8. Bharat Electronics Records 20% Rise in Q2 Profit

Defence electronics major Bharat Electronics Limited reported a 19.7% increase in consolidated net profit to ₹1,540.4 crore. Revenue rose 26.5% to ₹7,327.7 crore, reflecting strong business momentum.

9. Gulf Investors Show Interest in India’s AI and Space Technology Sectors

Investors from Gulf countries are increasingly exploring opportunities in India’s artificial intelligence infrastructure and space technology sectors. The growing interest highlights India’s potential as a destination for strategic technology investments.

10. Tata Capital Housing Finance Plans ₹2,100 Crore Bond Fundraising

Tata Capital Housing Finance is planning to raise up to ₹2,100 crore through multiple-tenor bond issuances, including a greenshoe option. The proposed fundraising includes a 10-year bond offering and reissues of existing securities.

International Business News Highlights

1. ADNOC, G42 and OpenAI Announce Strategic AI Partnership

Abu Dhabi National Oil Company (ADNOC), technology group G42 and OpenAI signed an agreement to deploy advanced artificial intelligence across ADNOC’s operations. The partnership aims to use AI to improve operational efficiency, investment analysis and industrial decision-making.

2. Marvell Technology Announces $115 Billion Acquisition of Lumentum

US semiconductor company Marvell Technology agreed to acquire optical components maker Lumentum in an all-stock transaction valued at approximately $115 billion, including debt. The deal reflects growing demand for optical technology powering AI data centres.

3. Blackstone to Acquire Mitsubishi’s Stake in LNG Canada Project

Global investment firm Blackstone agreed to acquire a 49.9% interest in a holding company owning Mitsubishi Corporation’s stake in the LNG Canada project for approximately $1.6 billion. The transaction highlights continued investor interest in global energy infrastructure.

4. Global Manufacturing Remains Strong Despite Rising Energy Costs

Global manufacturing activity remained relatively strong during October, although businesses faced increasing pressure from energy costs and supply-chain disruptions. The developments highlighted the challenges confronting manufacturers across major economies.

5. China’s Major Airlines Face Full-Year Losses Amid High Fuel Costs

China’s three largest airlines are heading towards another challenging financial year, with elevated fuel costs weighing on profitability. The developments underline continuing pressure on the global aviation industry despite recovering travel demand.

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