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Siemens Limited reported a consolidated net profit of Rs 504 crore for the quarter ended September 30, 2026, up 4.78% from Rs 481 crore a year earlier. Revenue from operations climbed sharply to Rs 5,734 crore, while new orders jumped 38% year-on-year to Rs 6,228 crore, underscoring resilient demand across its business portfolio.
At TechSparks 2026, leaders from Mercedes-Benz Research and Development India, Siemens Healthineers and Lufthansa Systems India argued that India’s global capability centres are no longer limited to back-office execution. They said the next phase is defined by product ownership, local problem-solving and building solutions that can scale into global markets.
Siemens Healthineers is withdrawing from the general imaging ultrasound market as it concentrates resources on cardiovascular and procedural imaging, a move that underscores a broader portfolio reset. The decision signals a strategic bet that higher-value, more specialized technologies will deliver stronger growth and margin resilience than a broader ultrasound offering.
The government has announced the Limited Departmental Competitive Examination for Stenographers Grade 'B' and Grade 'I' for the 2019, 2020 and 2021 cycles, signaling a formal step in the promotion pipeline for eligible departmental candidates. The move is significant for administrative staffing because it affects internal mobility, career progression and the filling of higher stenographic posts across the government system.
The outcome of the US midterm elections may ease some near-term pressure on the Indian rupee and support foreign portfolio inflows, but the broader macro backdrop remains challenging. Persistent crude oil volatility, tariff risks tied to Russian oil trade, and unresolved global trade uncertainty continue to cloud India’s external outlook.
AU Small Finance Bank said it is investigating a potential breach involving limited customer data linked to its vehicle-loan portfolio. The information was hosted on a third-party software platform operated by Salesforce, underscoring the growing cyber-risk exposure created by outsourced banking technology. The lender has not indicated that core banking systems were compromised.
State Bank of India Chairman C.S. Setty said the central bank may deliver another 50 basis points of rate hikes, with a December increase likely followed by a pause in February. He said the move could soften discretionary consumption, but retail asset quality at the system level is expected to remain stable. Setty also outlined plans for a new version of SBI’s Yono app targeted at Jan Dhan account holders.
Moody’s expects Fairfax Financial Holdings’ planned majority acquisition of IDBI Bank to have only a limited effect on the Canadian investor’s leverage, underscoring the group’s financial flexibility as it expands in India. The transaction, aimed at deepening Fairfax’s exposure to India’s banking market, comes as IDBI Bank has strengthened profitability since 2021 under improved management and operating discipline.
Delhi Police has allowed a select group to proceed with flag-waving during the CJP’s proposed Tiranga Lehrao protest in the capital, while urging the wider public to avoid the area. The development follows the Delhi High Court’s refusal to restrain the event, setting up a tightly managed demonstration under close police oversight.
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