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🇮🇳India Edition • Calendar Week 5

October 2026 — Week 5

Week 5 (Oct 29 – Oct 31) (2026/10/29 to 2026/10/31)

Weekly Stories205Page 2 of 5
Banking, Fintech & InsuranceBreaking
31 Oct 2026, 02:00 PM IST

Bank of Baroda Q2 Profit Jumps 36% as Lending Growth and Asset Quality Improve

Bank of Baroda reported a 35.8% year-on-year rise in standalone net profit to Rs 6,532 crore for the September quarter, supported by stronger net interest income and broad-based loan growth. The state-owned lender also posted improving asset quality, with its gross non-performing asset ratio easing to 1.78%, underscoring continued balance-sheet resilience in a competitive banking environment.

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Startups & Venture CapitalBreaking
31 Oct 2026, 02:00 PM IST

Jio Platforms Q2 Profit Climbs 14% to ₹8,387 Crore as Revenue Rises 11%

Jio Platforms reported a net profit of ₹8,387 crore for the second quarter of FY27, up 13.7% year on year from ₹7,379 crore, underscoring continued operating momentum across its digital and telecom businesses. Revenue rose 11% over the same period, reinforcing the company’s position as one of India’s most powerful consumer internet and connectivity platforms.

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Markets, IPOs & WealthBreaking
31 Oct 2026, 08:00 AM IST

Endurance Technologies IPO Opens: Investors Weigh Growth, Valuation and Auto Cycle Risks

Endurance Technologies’ initial public offering opened for subscription on Wednesday, with the Aurangabad-based auto components maker seeking to raise nearly Rs 1,162 crore at the upper end of the price band through a 17.5 percent stake sale. The issue follows a strong anchor placement of Rs 348.52 crore, but investors will be assessing whether the company’s scale, profitability and sector positioning justify fresh capital at a time when auto demand remains cyclical.

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National Governance & PolicyBreaking
31 Oct 2026, 08:00 AM IST

Kerala Forest Department Moves to Survey Athirappilly Lease Land Amid Row Over Elephant Corridor

Kerala’s forest department is set to survey leased forest land at Athirappilly after objecting to a proposal by Plantation Corporation of Kerala to renew its lease and seek additional land. Officials say the corporation has violated lease conditions, including by involving private agencies in pineapple cultivation on the holding, while conservationists warn that any expansion could worsen pressure on an elephant corridor in the ecologically sensitive region.

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National Governance & PolicyBreaking
31 Oct 2026, 08:00 AM IST

Kashmir Cannot Be Managed by Security Alone, Says Mirwaiz Umar Farooq

Kashmir chief cleric Mirwaiz Umar Farooq has argued that the region’s long-running dispute cannot be resolved through a security-first approach alone and requires sustained political engagement. He said peace in the Valley should not be judged merely by the absence of protests, underscoring the need for a broader political process to address underlying grievances.

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Banking, Fintech & InsuranceBreaking
31 Oct 2026, 08:00 AM IST

FCNR Windfall Lifts Q2 Deposit Growth, But Underlying Bank Momentum Looks Far Weaker

A review of 10 banks shows reported deposit growth averaged 21.1% year-on-year in July-September, but the headline number was flattered by special foreign currency inflows. Excluding FCNR deposits, domestic deposit growth is estimated at just 12.2%, exposing a nearly nine percentage-point gap that points to softer underlying traction in the banking system.

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India Entertainment & CultureBreaking
31 Oct 2026, 08:00 AM IST

Chennai’s Young Artists Turn Inktober Into a Social Media Sketchbook

Across Chennai, Gen Z artists are using Inktober to turn a global drawing challenge into a local cultural moment, posting daily sketches and building online communities around the discipline of making art every day. What began as a simple prompt-based exercise has become a visible showcase of the city’s emerging creative economy, where consistency, identity and digital reach matter as much as technique.

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Macro Economy & Fiscal PolicyBreaking
31 Oct 2026, 08:00 AM IST

Affluent Indians Are Rewriting Retirement Plans as Competing Financial Priorities Converge: HSBC

Affluent Indian investors are increasingly treating retirement not as a single end-state but as one of several overlapping financial goals, according to HSBC. Longer life expectancy, changing career paths and rising responsibilities toward children and ageing parents are pushing households to seek more flexible wealth strategies. The shift is strengthening demand for professional advice, diversified portfolios and retirement planning that can adapt to uncertainty.

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India Sports & CricketBreaking
31 Oct 2026, 08:00 AM IST

Vijay Seeks to Redefine the Off-Spinner’s Role Across Tests and T20s

Andhra off-spinner Vijay is emerging as one of the more intriguing young spin options in Indian cricket, with a clear ambition to prove that a finger spinner can remain effective across the full format spectrum. The 25-year-old has spoken about his rapid development and the technical adjustment from cement surfaces to turf wickets, a transition that has sharpened both his control and his tactical range.

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National Governance & PolicyBreaking
31 Oct 2026, 08:00 AM IST

Tasmac to Raise Liquor Prices From November 1, Tie ₹10 Refund to Bottle Returns

Tamil Nadu’s state-run liquor retailer Tasmac will revise prices of Indian Made Foreign Liquor, beer, wine, other-state liquor and imported brands from November 1, adding an environment cess to the existing maximum retail price. The policy also introduces a ₹10 refund for consumers who return empty bottles, signalling a dual push toward revenue mobilisation and waste reduction.

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India Entertainment & CultureBreaking
31 Oct 2026, 08:00 AM IST

Star Wars Galactic Racer Brings High-Risk Roguelike Racing to the Fore, but Its RamJet Thrill Is Not for Everyone

Star Wars Galactic Racer is drawing attention for turning a familiar racing premise into a high-stakes roguelike experience built around the volatile RamJet booster. The result is a game that rewards precision, nerve and repetition in equal measure, while also testing the patience of players who prefer cleaner, more forgiving arcade racing.

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Macro Economy & Fiscal PolicyBreaking
31 Oct 2026, 08:00 AM IST

India’s LPG Demand Seen Falling by 100,000 b/d in 2026 as Fuel Outlook Softens

India’s liquefied petroleum gas demand is projected to decline by 100,000 barrels per day in 2026, according to the latest market outlook, signalling a notable shift in household and industrial fuel consumption. The forecast comes alongside a broader downgrade in global gasoline demand, underscoring how slower growth, changing fuel patterns and post-conflict market adjustments are reshaping energy demand expectations.

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Automotive, EVs & MobilityBreaking
31 Oct 2026, 08:00 AM IST

Hinduja Housing Finance Names Vivek Kannan CEO, Elevating Internal Leader as Sachin Pillai Steps Aside

Hinduja Housing Finance Limited has appointed Vivek Kannan as chief executive officer, marking a leadership transition that keeps continuity at the company’s core. Kannan, who joined as chief operating officer in 2020, succeeds managing director Sachin Pillai, who has stepped down from executive responsibilities but will continue as a non-executive director on the board.

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Startups & Venture CapitalBreaking
31 Oct 2026, 08:00 AM IST

CCI Clears Prosus’ $100 Million Investment in Navi, Removing a Key Regulatory Hurdle

India’s competition regulator has approved Prosus’ proposed $100 million investment in Navi, the financial services company founded by Sachin Bansal. The clearance removes a significant regulatory obstacle for the Dutch technology investor as it deepens exposure to India’s fast-growing digital lending and financial services market.

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National Governance & PolicyBreaking
31 Oct 2026, 08:00 AM IST

India Extends Deadline for Comments on Draft Audit Manual for DRM-Based Digital Addressable Broadcasting Systems

India has extended the deadline for stakeholders to submit comments on the draft Audit Manual for DRM-based Digital Addressable Broadcasting Systems, 2026, giving broadcasters, cable operators and other industry participants additional time to review the proposed framework. The extension signals the government’s effort to widen consultation on a technically complex compliance regime that could shape auditing standards across the broadcasting and cable sector.

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Macro Economy & Fiscal PolicyBreaking
30 Oct 2026, 08:00 PM IST

Indian SMEs Push for Faster, Safer Digital Payments as Real-Time Transactions Gain Ground

Indian small and medium-sized enterprises are showing strong demand for real-time and flexible digital payment systems, underscoring how quickly business finance is shifting toward instant settlement and greater operational agility. The survey also highlights rising expectations for stronger cybersecurity and AI-powered fraud protection, signalling that payment convenience alone is no longer enough for businesses navigating a more complex digital risk environment.

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National Governance & PolicyBreaking
30 Oct 2026, 08:00 PM IST

India’s Capital Spending Rises 12% in April-September as Fiscal Deficit Widens on Higher Subsidy Bill

India’s capital expenditure grew 12% in the April-September period, underscoring the government’s continued push to support infrastructure and long-term growth even as fiscal pressures intensified. At the same time, the fiscal deficit rose by about 25%, with a sharp increase in subsidies, especially on urea, emerging as a key drag on the budget balance.

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Markets, IPOs & WealthBreaking
30 Oct 2026, 08:00 PM IST

Sensex, Nifty Slip as Oil Surges Above $116, Deepening Growth and Inflation Fears

Indian equities turned lower on Thursday as crude oil prices climbed above $116 a barrel, reviving concerns that higher energy costs could feed inflation and squeeze corporate margins. While the benchmark indices posted only modest declines, broader markets were hit much harder, underscoring a sharp deterioration in risk appetite and market breadth.

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Automotive, EVs & MobilityBreaking
30 Oct 2026, 08:00 PM IST

Used Car Dealers on GST Margin Scheme Can Claim Input Tax Credit, With Limits

India’s tax authorities have clarified that used car dealers operating under the GST margin scheme may claim input tax credit on expenses such as spares, repairs and services, provided the credit is linked to taxable business use and other statutory conditions are met. The ruling also confirms that co-lending services provided by NBFCs to banks attract GST, adding another compliance layer for financial firms.

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Automotive, EVs & MobilityBreaking
30 Oct 2026, 08:00 PM IST

AI Is Rewriting Investment Rules for India’s Big-Ticket Investors

Private equity investors in India are increasingly using artificial intelligence to sharpen investment analysis, test revenue assumptions and gauge how technology could alter competitive positions across sectors. In automotive, EVs and mobility, the shift is changing how deals are priced, how diligence is conducted and how quickly investors can identify both upside and weakness in target companies.

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India Entertainment & CultureBreaking
30 Oct 2026, 08:00 PM IST

CPI(M) Has No Link to Online Attacks on Mammootty, Says M.V. Govindan

CPI(M) state secretary M.V. Govindan has denied any organisational connection to online attacks directed at actor Mammootty, framing the controversy as unrelated to the party. He said there was no reason to bar a visit to the veteran actor, especially in a political climate where SFI and DYFI have drawn broad national approval for their campaign against Chief Election Commissioner Gyanesh Kumar.

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National Governance & PolicyBreaking
30 Oct 2026, 08:00 PM IST

MCA Plays Only Administrative Role in NCLT Judge and Technical Member Appointments

The Ministry of Corporate Affairs has clarified that it performs only an administrative function in the appointment process for judicial and technical members of the National Company Law Tribunal, underscoring the institutional separation built into the selection framework. The statement is significant for a tribunal that sits at the centre of India’s insolvency, corporate dispute, and restructuring regime, where questions over appointments often carry wider implications for independence and efficiency.

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Banking, Fintech & InsuranceBreaking
30 Oct 2026, 08:00 PM IST

Punjab National Bank Customers in Greater Noida Allege Rs 35 Crore Fraud; Several Employees Suspended

Punjab National Bank customers in Greater Noida have alleged a fraud of about Rs 35 crore, prompting police action and an internal response from the lender. Authorities said several employees, including the branch manager, have been suspended and a case has been registered at Beta-2 police station, which has jurisdiction over the branch. The bank has assured officials that it will address customer complaints as the investigation proceeds.

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National Governance & PolicyBreaking
30 Oct 2026, 08:00 PM IST

ISRO Readies GSLV-F18 for NVS-03 Launch, Advancing India’s Navigation Backbone

The Indian Space Research Organisation is preparing to launch GSLV-F18 carrying the NVS-03 navigation satellite, a mission that underscores India’s push to strengthen its indigenous positioning, navigation and timing infrastructure. The launch is being closely watched as a strategic step in expanding the NavIC constellation and reducing reliance on external systems for critical civilian and security applications.

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Startups & Venture CapitalBreaking
30 Oct 2026, 08:00 PM IST

Binance Halts Withdrawals After Record $6.3 Billion Crypto Breach

Binance has suspended withdrawals after reporting a security breach that may have exposed an estimated $6.3 billion in digital assets, marking one of the largest incidents ever to hit a major crypto exchange. The episode is likely to intensify scrutiny of exchange security, liquidity management, and the broader resilience of the digital-asset market. The company has not yet disclosed the full technical pathway of the breach, but the scale alone raises urgent questions for users, regulators, and counterparties across the crypto ecosystem.

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Macro Economy & Fiscal PolicyBreaking
30 Oct 2026, 08:00 PM IST

Jio Platforms Q2 Profit Rises 14% to Rs 8,389 Crore as Revenue Climbs 11%

Jio Platforms reported a 14% year-on-year rise in second-quarter profit to Rs 8,389 crore, supported by subscriber additions, growth in digital services and a modest increase in average revenue per user. Revenue rose 11%, underscoring the company’s continued scale-up across telecom and digital businesses even as the broader market remains highly competitive.

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Macro Economy & Fiscal PolicyBreaking
30 Oct 2026, 08:00 PM IST

Morbi Exporters Resume Gulf Shipments, but FY27 Outlook Still Points to a 40% Drop

Exporters in Morbi have begun tentatively resuming shipments to Gulf markets after disruption linked to the Strait of Hormuz, offering only partial relief to a ceramics cluster already under strain. With nearly 40% of units still shut, industry participants warn that exports in FY27 could shrink by as much as 40% unless freight stability and market access improve quickly.

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Banking, Fintech & InsuranceBreaking
30 Oct 2026, 08:00 PM IST

Bank of Japan Declares 2% Inflation Target Achieved After 13 Years, Holds Rates Steady

The Bank of Japan said it has finally achieved its long-standing 2% inflation target after more than 13 years, marking a symbolic milestone in the country’s battle against deflation. Even so, policymakers kept the benchmark interest rate unchanged at 1.25%, signaling caution as they weigh persistent price pressures, yen weakness and a still-fragile growth outlook.

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Banking, Fintech & InsuranceBreaking
30 Oct 2026, 08:00 PM IST

Fintechs Move to Set Vendor Code as Cyber Risks Intensify

India’s fintech industry is preparing a framework to raise security and operational standards among technology vendors as banks and digital finance firms deepen their dependence on third-party service providers. The initiative, being developed by the Unified Fintech Forum, could give registered vendors an edge in procurement while pushing the sector toward stronger cyber preparedness and resilience.

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National Governance & PolicyBreaking
30 Oct 2026, 08:00 PM IST

Nasscom Urges Delay of New GST Rules for Ecommerce Deliveries Until January 2027

Nasscom has asked the finance ministry to defer the rollout of revised GST rules governing ecommerce deliveries to January 2027, warning that the current timeline could disrupt compliance systems and raise operating costs for digital businesses. The industry body argues that companies need more time to rework technology, contracts, and tax processes before the changes take effect.

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India Sports & CricketBreaking
30 Oct 2026, 08:00 PM IST

Molineux and Kiran Top WPL Auction as 15-Year-Old Kashvi Makes History

West Indies all-rounder Grace Molineux and India’s Kiran emerged among the biggest earners at the Women’s Premier League auction, underscoring the premium on proven match-winners and domestic power-hitting. The auction also produced a landmark moment for Indian cricket as 15-year-old Kashvi became the youngest player ever to be named in a WPL squad.

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Startups & Venture CapitalBreaking
30 Oct 2026, 05:00 PM IST

Bengaluru Tech Summit 2026 to Look Beyond AI, Spotlighting New Markets and Emerging Technologies

The 29th edition of the Bengaluru Tech Summit will position India’s technology capital as a convening point for global investors, founders and policy stakeholders looking beyond artificial intelligence to the next wave of growth sectors. The event is expected to examine emerging technologies, market shifts and commercial opportunities that could shape startup formation and venture capital deployment in the coming year.

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National Governance & PolicyBreaking
30 Oct 2026, 05:00 PM IST

India Pushes for More Talks as UK Carbon Tax Nears January 1 Launch

India is seeking further discussions with the United Kingdom ahead of the January 1 rollout of Britain’s Carbon Border Adjustment Mechanism, a levy that will apply to carbon-intensive imports without exemptions for free trade agreement partners. New Delhi is also pressing for recognition of its Carbon Credit Trading Scheme, but that acceptance remains conditional and far from automatic. The dispute underscores how climate-linked trade rules are becoming a new fault line in India-UK economic ties.

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Banking, Fintech & InsuranceBreaking
30 Oct 2026, 05:00 PM IST

West Asia Conflict Pushes Corporate Working-Capital Demand Up 15-20% at Banks

Banks are seeing a sharp rise in corporate working-capital demand as the West Asia conflict disrupts supply chains, lifts raw-material costs and stretches shipping timelines. Mid- and large-sized companies have reported a 12-20% increase in funding needs, while several private sector lenders have posted strong corporate loan growth driven largely by working capital and refinancing.

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India Entertainment & CultureBreaking
30 Oct 2026, 05:00 PM IST

Jogen Chowdhury’s Quiet Radicalism Echoed Gandhi’s Discipline

Jogen Chowdhury, the celebrated Indian painter who died last Sunday at 87, leaves behind a body of work defined by restraint, irony and moral seriousness. In an art world often drawn to spectacle, his understated style and disciplined gaze recalled the Gandhian ethic of simplicity that shaped much of modern India’s cultural imagination.

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Banking, Fintech & InsuranceBreaking
30 Oct 2026, 05:00 PM IST

PSU Banks Outpace Private Lenders on Margins as Funding Costs Bite

India’s banking sector is showing a sharper-than-expected split in the second quarter, with public sector banks posting stronger net interest margin expansion than many private peers. Private banks, however, continue to deliver profit growth and loan expansion, even as higher funding costs and foreign currency deposit pressures weigh on profitability.

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National Governance & PolicyBreaking
30 Oct 2026, 05:00 PM IST

Cyber Hygiene Is Becoming India’s First Line of Defence Against Digital Crime

Cyber hygiene, once treated as a technical afterthought, is now emerging as a core governance issue as banks, public bodies and critical digital services face repeated security scares. The shift reflects a broader recognition that weak passwords, delayed patching and poor access controls can turn routine lapses into national-scale disruptions.

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Startups & Venture CapitalBreaking
30 Oct 2026, 05:00 PM IST

Omio’s Naren Shaam Urges Founders to Solve Hard Problems and Stay the Course

At TechSparks 2026, Omio Group founder and CEO Naren Shaam urged entrepreneurs to think globally from the outset, choose problems that matter, and commit for the long haul. His remarks reflected a broader shift in startup thinking: in a more selective funding environment, durable companies are increasingly expected to pair ambition with discipline and resilience.

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Markets, IPOs & WealthBreaking
30 Oct 2026, 05:00 PM IST

Core4 Engineers SME Shares Set for Market Debut After 5.44 Times Subscription

Core4 Engineers is set to list on the BSE SME platform on October 30 after its Rs 54.82 crore initial public offering was subscribed 5.44 times, signalling healthy investor interest in the small-cap industrial space. Demand was led by non-institutional investors, while qualified institutional buyers and retail investors also participated in the issue, which was entirely a fresh offering of 58.94 lakh shares.

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India Entertainment & CultureBreaking
30 Oct 2026, 05:00 PM IST

Star Wars Galactic Racer Turns High-Risk Nitro Into Its Biggest Test

Star Wars Galactic Racer is making a case for itself as one of the most audacious racing releases in recent memory, built around a roguelike structure that rewards aggression as much as precision. Its RamJet nitro booster gives the game a volatile edge, but that same risk-reward design may also limit its appeal to players seeking a more conventional racing experience.

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Macro Economy & Fiscal PolicyBreaking
30 Oct 2026, 05:00 PM IST

Major Ports Adjudicatory Board Launches E-Filing Portal to Speed Case Processing

The Adjudicatory Board for Major Ports has launched an e-filing portal designed to move case filing and related proceedings online, marking a significant step toward digitising port-sector dispute management. The platform is expected to streamline submissions, improve record handling, and reduce delays in case processing across a sector central to India’s trade and logistics system.

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Banking, Fintech & InsuranceBreaking
30 Oct 2026, 05:00 PM IST

India Becomes Fairfax’s Biggest Exposure as Prem Watsa Backs IDBI Bank and Says He Has Zero AI Bets

Canadian investor Prem Watsa said India has become Fairfax Financial Holdings’ largest country exposure, underscoring the firm’s long-term conviction in the Indian economy as it moves to acquire a majority stake in IDBI Bank. In a phone interview, Watsa said the company has made no bets on artificial intelligence, even as global markets chase the theme, and framed the IDBI transaction as a vote of confidence in India’s growth prospects.

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National Governance & PolicyBreaking
30 Oct 2026, 05:00 PM IST

Jaishankar Heads to U.S. for G20 Foreign Ministers’ Talks as Rubio Opens Geopolitical Deliberations

External Affairs Minister S. Jaishankar is in the United States to take part in the two-day G20 foreign ministers’ meeting, a forum expected to focus on mounting geopolitical tensions, economic uncertainty and the strains on multilateral diplomacy. The deliberations will open with an address by U.S. Secretary of State Marco Rubio, setting the tone for discussions on conflict, strategic competition and the future of global cooperation.

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India Entertainment & CultureBreaking
30 Oct 2026, 05:00 PM IST

Chennai’s Alliance Française to Stage Dark Comedy ‘Necks and Glasses’

Alliance Française of Madras in Chennai is set to host Necks and Glasses, a dark comedy built around a serial killer’s monologue to the audience. The production uses satire and psychological tension to probe how society consumes stories of violence, raising questions about fascination, morality and the ethics of spectacle.

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India Entertainment & CultureBreaking
30 Oct 2026, 05:00 PM IST

The 21st Century’s Scariest Films: 20 Horror Titles That Redefined Fear on Screen

As Halloween arrives, a fresh critical conversation is turning to the films that have most effectively unsettled audiences in the 21st century. From slow-burn psychological dread to visceral supernatural shocks, the list reflects how modern horror has evolved beyond jump scares into a more sophisticated, globally resonant form of cinematic fear.

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Banking, Fintech & InsuranceBreaking
30 Oct 2026, 05:00 PM IST

SBI Probes Dark Web Leak of 3.8 Lakh Customer Records

State Bank of India is investigating a suspected data breach after customer information reportedly surfaced on the dark web, exposing about 375,000 records. The bank has activated its cybersecurity protocols, engaged external experts and said its core operations and financial performance remain unaffected while it assesses the scope of the incident.

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Startups & Venture CapitalBreaking
30 Oct 2026, 05:00 PM IST

Waiting for an AI Law Is a Poor Compliance Strategy

India’s courts and sectoral regulators are already assigning liability for artificial intelligence failures, making it risky for companies to assume that formal legislation is the only trigger for compliance. For startups and venture-backed businesses, the practical deadline is now: governance, documentation, and human oversight are becoming immediate legal necessities, not future best practices.

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