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India’s trade minister says the EU pact could take effect in early 2027

Commerce minister Piyush Goyal said on 22 October 2026 that India’s proposed free-trade agreement with the European Union could become operational within four to five months after signing, with the deal expected to be inked before year-end during his visit to Germany.

Pramaan Desk · 22 Oct 2026

• policy• pramaan desk

News★

Swiggy’s meal delivery unit made a record profit while Instamart losses widened

Swiggy reported on 22 October 2026 that September-quarter revenue rose 36% to about ₹7,571 crore and the consolidated net loss narrowed to ₹922 crore, as food delivery posted record adjusted core profit of about ₹349 crore while quick-commerce Instamart lost about ₹764 crore at the segment level amid heavier discounting and 69 new dark stores.

Pramaan Desk · 22 Oct 2026

• markets• pramaan desk

News

Sapphire Foods posted its strongest restaurant sales growth in four years

KFC and Pizza Hut operator Sapphire Foods India said on 22 October 2026 that September-quarter consolidated restaurant sales rose 20% year on year to about ₹885 crore, with KFC India same-store sales up 14% and adjusted EBITDA margin expanding 100 basis points to 7.1% even as the listed stock remained far below its 52-week high.

Pramaan Desk · 22 Oct 2026

• markets• pramaan desk

News

The RBI rejected every bid at Thursday’s treasury bill auction

On 22 October 2026, the Reserve Bank of India accepted no bids at the scheduled sale of short-dated government treasury bills, the first full cancellation in about seven months, as investors demanded higher yields amid a bond selloff, oil-linked inflation fears, and expectations of more rate hikes after October’s policy minutes.

Pramaan Desk · 22 Oct 2026

• policy• pramaan desk

News

Shiprocket is helping restaurants take orders without the aggregator

Shiprocket said on 22 October 2026 it is piloting a direct-ordering stack with Delhi-NCR chains Punjabi Angithi and Bikkgane Biryani, using its fastrr checkout and identity tools plus Shiprocket Quick deliveries so restaurants can chase repeat diners while paying less in third-party commission.

Pramaan Desk · 22 Oct 2026

• markets• pramaan desk

News

Transrail Lighting is buying into a 990 MW solar portfolio in Maharashtra

Transrail Lighting said on 22 October 2026 it will invest about ₹20 crore for a 49% stake in NOPL Pace Green Energy, giving the transmission EPC firm a foothold in roughly 990 MW of solar projects tied to Maharashtra’s farm electrification scheme and a 25-year state utility power purchase contract at ₹3.10 per unit.

Pramaan Desk · 22 Oct 2026

• policy• pramaan desk

News

Vishal Mega Mart grew same-store sales 5.4% in the September quarter

Brokerage updates on 22 October 2026 cited Vishal Mega Mart’s Q2 FY27 revenue up about 14% year on year with same-store sales growth of 5.4%, while profit and EBITDA rose more slowly as the value retailer kept opening stores ahead of the festive calendar.

Pramaan Desk · 22 Oct 2026

• markets• pramaan desk

News

FSSAI sent Nestlé, Zydus, and Abbott notices over kids’ nutrition claims

On 21 October 2026, the Food Safety and Standards Authority of India issued enforcement notices to Nestlé India, Zydus Wellness, Abbott Healthcare, and others over promotional claims on infant and children’s products, including Complan, Lactogen Pro 1, and NAN Excella Pro Stage 1, days after proposing a ban on added sugars in infant foods up to six months.

Pramaan Desk · 22 Oct 2026

• policy• pramaan desk

News

Mahindra Finance grew disbursements 22% in the September quarter

Mahindra & Mahindra Financial Services reported on 21 October 2026 that second-quarter disbursements rose about 22% year on year, assets under management grew about 15%, and profit after tax jumped about 55% to roughly ₹882 crore, with credit costs at about 1.6% even as management flagged higher funding costs and rural weather risks.

Pramaan Desk · 22 Oct 2026

• policy• pramaan desk

News

L&T won two large government office contracts in Delhi and Amaravati

Larsen & Toubro said on 21 October 2026 that its public-spaces vertical secured two construction orders it classifies as large, worth roughly ₹2,500–5,000 crore each: Common Central Secretariat buildings 4 and 5 along Kartavya Path for the CPWD in New Delhi and twin 47-storey office towers beside the Amaravati Quantum Computing Centre in Andhra Pradesh.

Pramaan Desk · 21 Oct 2026

• policy• pramaan desk

News

RBI minutes warn the rate-hiking cycle may not be over

Minutes of the Reserve Bank of India's 5–7 October 2026 monetary policy meeting, published on 21 October, said broadening price pressures and import costs could keep inflation above target through much of FY27, with Governor Sanjay Malhotra signalling further hikes or pauses rather than cuts.

Pramaan Desk · 21 Oct 2026

• policy• pramaan desk

News

Navratri vehicle sales dipped on the calendar but EV share hit 10.5%

Federation of Automobile Dealers Associations data cited on 21 October 2026 showed total Navratri retail volumes fell about 6.5% year on year to roughly 11.23 lakh units as the festival ran one fewer day and faced a tough comparison with GST 2.0-driven demand in 2025, while electric vehicles grew about 27% and reached about 10.5% of festive sales.

Pramaan Desk · 21 Oct 2026

• markets• pramaan desk

News

Bajaj Consumer Care will lift prices about 5% this quarter

Bajaj Consumer Care said on 21 October 2026 it will raise consumer prices and trim pack sizes in the third quarter of FY27, targeting an overall increase of about 5% split roughly evenly between list-price hikes and smaller packs, while keeping quick commerce and premium personal care as growth priorities.

Pramaan Desk · 21 Oct 2026

• markets• pramaan desk

News

Adani Green grew sales 45% but the grid forced it to waste power

Adani Green Energy reported on 21 October 2026 that revenue from power supply rose 45% year on year to about ₹4,019 crore in the September quarter while EBITDA from supply grew 51% to about ₹3,835 crore, but management said transmission bottlenecks led to curtailment that weighed on margins even as operational renewable capacity reached 20.8 GW.

Pramaan Desk · 21 Oct 2026

• policy• pramaan desk

News

India's infrastructure output rose 7.9% in September

Government data released on 21 October 2026 showed the infrastructure index, which tracks nine sectors that feed about a third of industrial production, grew 7.9% year on year in September, the strongest print since the series was rebased to 2022–23, led by electricity and refinery products while cement and steel also expanded.

Pramaan Desk · 21 Oct 2026

• policy• pramaan desk

News

Motor third-party premium growth slowed to 9% after a homemaker pay ruling

Kotak Institutional Equities research cited on 21 October 2026 said motor third-party insurance premium growth stayed at about 9% year on year in September, with insurers possibly pulling back from the segment after the Supreme Court's June 2026 order to count unpaid homemaker work when fixing accident compensation.

Pramaan Desk · 21 Oct 2026

• policy• pramaan desk

News

Sun Pharma raised ₹10,000 crore in bonds to fund its Organon deal

Media reports on 21 October 2026 said Sun Pharmaceutical Industries priced two rupee-denominated bond tranches totalling ₹10,000 crore, with coupons of 8.20% and 8.05%, to partly refinance bridge loans for its $11.75 billion acquisition of US healthcare firm Organon after board approval for up to ₹15,000 crore of non-convertible debentures.

Pramaan Desk · 21 Oct 2026

• companies• pramaan desk

News

Indian Hotels grew revenue 22% in the September quarter

Indian Hotels Company Ltd reported on 21 October 2026 that consolidated net profit rose 19.5% year on year to ₹380 crore in the quarter ended September 2026, with revenue from operations up 21.7% to ₹2,484 crore and EBITDA up 23.9%, even as reported EBITDA margin eased from the year-ago period.

Pramaan Desk · 21 Oct 2026

• markets• pramaan desk

News

State oil firms are losing up to ₹25 a litre on diesel sales

Sources told reporters on 21 October 2026 that Indian state-owned oil marketing companies are booking revenue losses of about ₹20–25 per litre on diesel, ₹4–5 on petrol, and ₹500–600 on each 14.2 kg LPG cylinder while global crude stays elevated; Indian Oil Corp has also paused a planned trading joint venture with Vitol and trimmed some term crude buys.

Pramaan Desk · 21 Oct 2026

• policy• pramaan desk

News

Browser makers blocked eight eMudhra certificates after keys were exposed

Mozilla and major browser vendors deployed emergency protections on 21 October 2026 against eight intermediate digital certificates issued by India’s eMudhra after private keys were compromised, a flaw that could let attackers impersonate legitimate websites; eMudhra shares fell sharply as the company acknowledged the issue.

Pramaan Desk · 21 Oct 2026

• policy• pramaan desk

News

Angel One has started offering US stock investing to select clients

Angel One Ltd told reporters on 21 October 2026 that it began a phased rollout of US equity investing for a limited customer set and plans wider access within about 45 days after testing operations, extending its brokerage beyond domestic cash and derivatives.

Pramaan Desk · 21 Oct 2026

• markets• pramaan desk

News

Prestige Estates plans ₹40,000 crore of home launches after Diwali

On 20 October 2026, Prestige Estates Projects said it will launch residential projects worth about ₹40,000 crore in the second half of FY27, roughly 2.5 times the ₹16,200 crore launch value it recorded in April–September, targeting festive demand across Bengaluru, Mumbai, Delhi-NCR, Chennai, and Hyderabad.

Pramaan Desk · 21 Oct 2026

• markets• pramaan desk

News

Schaeffler India’s CEO is in police custody after two workers died on site

Schaeffler India told exchanges on 20 October 2026 that CEO and managing director Harsha Gopal Kadam was taken into custody on 19 October for investigation into a 9 June 2026 accident at its Talegaon, Pune plant that killed two workers.

Pramaan Desk · 20 Oct 2026

• companies• pramaan desk

News

A hacker claimed to leak thousands of alleged SBI customer records

Reporting on 20 October 2026 said a threat actor called Siriusim claimed to have published 375,000 CSV rows and 2,722 PDF documents with personal and loan-related details tied to State Bank of India customers; SBI had not publicly confirmed the leak and the authenticity of the data remained unverified.

Pramaan Desk · 20 Oct 2026

• policy• pramaan desk

News

Gold loans now make up a tenth of several large NBFC books

Reporting on 20 October 2026 said gold-backed credit is the fastest-growing slice at Bajaj Finance, HDB Financial Services, L&T Finance, and IIFL Finance, with the combined gold-loan share near 10% in the September 2026 quarter as lenders tilt toward secured lending while unsecured and microfinance portfolios stay under stress.

Pramaan Desk · 20 Oct 2026

• policy• pramaan desk

News

Bike makers are handing out festive bonuses to undo this year’s price hikes

Coverage on 20 October 2026 said TVS Motor, Hero MotoCorp, and Bajaj Auto are advertising cash discounts of roughly ₹6,000–₹11,000 on popular 125–250cc models after list prices rose up to about 8% in a year, as input-cost inflation meets a festive selling season.

Pramaan Desk · 20 Oct 2026

• markets• pramaan desk

News

TCS bought Best Buy’s India tech centre to run retail AI work

Tata Consultancy Services said on 15 October 2026 it completed the purchase of Best Buy’s Bengaluru global capability centre, BBY Services India LLP, making the unit a wholly owned subsidiary under a multi-year deal to combine the US retailer’s domain knowledge with TCS delivery and AI engineering.

Pramaan Desk · 20 Oct 2026

• companies• pramaan desk

News

ACME Solar signed a 300 MW deal to supply peak power with batteries

ACME Solar Holdings said it executed a power purchase agreement with SECI on 6 October 2026 to deliver 300 MW of assured peak power backed by 1,200 MWh of storage under the FDRE-IX programme at a tariff of ₹6 per unit through subsidiary ACME Greentech Twenty.

Pramaan Desk · 20 Oct 2026

• policy• pramaan desk

News

Delhi airport handled 38.5 million passengers in the first half of this fiscal year

GMR Airports data cited on 20 October 2026 showed Indira Gandhi International Airport passenger traffic rose 5% to 38.5 million in April–September 2026, with domestic flyers at 28.1 million and international at 10.4 million, after flight disruptions and runway work weighed on the year-ago half.

Pramaan Desk · 20 Oct 2026

• markets• pramaan desk

News

UPI and QR codes are replacing the kirana shop’s change-and-candy jar

A 20 October 2026 essay in the business press traced how person-to-merchant UPI payments, accelerated by static QR codes from 2015 onward, let small shops skip card terminals and coin shortages, with merchants citing fewer cash-handling costs even as policymakers debate merchant discount rates.

Pramaan Desk · 20 Oct 2026

• policy• pramaan desk

News

Indian auto parts firms are signing global JVs to catch up on EV and ADAS tech

Reporting on 20 October 2026 said Sona Comstar, Gabriel India, and Varroc Engineering announced partnerships with Denso, HL Klemove, Forvia, Tolyy Optronics, and Forsee Power to localise powertrains, ADAS, seating, cockpits, and battery packs as carmakers push premium and electric models in India.

Pramaan Desk · 20 Oct 2026

• companies• pramaan desk

News

Canara Bank is watching bond losses even as it bets on festive home and car loans

Managing director Brajesh Kumar Singh told Mint on 20 October 2026 that rising government bond yields could mean mark-to-market provisioning over the next six months, even as the lender expects strong festive demand for housing and vehicle credit after September-quarter net profit rose 8.4% to ₹5,175 crore.

Pramaan Desk · 20 Oct 2026

• policy• pramaan desk

News

TRAI wants every bank OTP text to look the same so scams stand out

Reporting on 20 October 2026 said the Telecom Regulatory Authority of India is discussing a standard template for one-time password SMS messages, including clearer sender labels and validity windows, after financial fraud complaints on the national cybercrime portal jumped to 2.4 million in 2025 from 262,000 in 2021.

Pramaan Desk · 20 Oct 2026

• policy• pramaan desk

News

The ED froze trading accounts tied to a WhatsApp stock tip scheme

On 20 October 2026 the Enforcement Directorate said it froze accounts holding shares worth about ₹200 crore after searches across six cities in an alleged money-laundering case involving preferential allotments at R M Drip and Sprinklers Systems and R&B Denims that were later promoted on WhatsApp-style campaigns.

Pramaan Desk · 20 Oct 2026

• policy• pramaan desk

News

Factories may add 100,000 temporary workers this festive season

A CIEL HR Services study for Economic Times on 20 October 2026 estimated about 100,000 short-term manufacturing jobs during the 2026 festive season, up from nearly 85,000 a year earlier, with staffing firms citing stronger demand for electronics, autos, FMCG, and plant-floor roles across Gujarat, Maharashtra, and southern industrial states.

Pramaan Desk · 20 Oct 2026

• markets• pramaan desk

News

Data Patterns says defence inspection teams are delaying shipped orders

On 20 October 2026 chairman S Rangarajan told reporters that Data Patterns Limited is ready to deliver military electronics but customer inspection teams are arriving late, widening the gap between a ₹2,654 crore order book as of 30 June 2026 and revenue recognition on indigenous defence programmes.

Pramaan Desk · 20 Oct 2026

• policy• pramaan desk

News

Bajaj Finance will lend less to people juggling three or more loans

On its 19 October 2026 earnings call, managing director Rajeev Jain said Bajaj Finance plans to cut new loans to customers with three or more lending relationships from about 7% of originations today to 3.5% by March 2027, while booking an extra ₹337 crore macro provision as unsecured portfolios face oil and inflation stress.

Pramaan Desk · 20 Oct 2026

• policy• pramaan desk

News

UltraTech says petcoke and diesel costs are harder to predict than the West Asia war

After posting September-quarter results on 19 October 2026, UltraTech Cement's finance chief Atul Daga warned that petcoke and industrial diesel prices remain volatile while the Middle East conflict drags on, squeezing margins even as volumes grow and leaving smaller cement rivals with less room to absorb the same fuel bill.

Pramaan Desk · 20 Oct 2026

• companies• pramaan desk

News

India's solar boom is hitting grid bottlenecks and fewer new auctions

Reporting on 19 October 2026 said renewable project awards slowed to about 4.7 gigawatts by mid-August in FY27 from far higher levels in prior years, as transmission congestion and solar curtailment force operators to idle panels even when the sun is strong.

Pramaan Desk · 20 Oct 2026

• policy• pramaan desk

News

Nirmala Sitharaman warned that global money is crowding into US and AI bets

Speaking to CNBC on 17 October 2026 on the sidelines of IMF–World Bank meetings, finance minister Nirmala Sitharaman said the flight of capital toward artificial intelligence and the United States is a concern for India as foreign investors pull from domestic equities amid oil, rates, and dollar pressure.

Pramaan Desk · 19 Oct 2026

• policy• pramaan desk

News

Oyo’s parent may raise ₹6,650 crore in November mostly to repay loans

Moneycontrol reported on 19 October 2026 that Prism, which owns the Oyo hospitality platform, is likely to launch a ₹6,650 crore fresh-issue IPO in November, with about three-quarters earmarked to retire borrowings at its Singapore subsidiary rather than for a promoter sell-down.

Pramaan Desk · 19 Oct 2026

• markets• pramaan desk

News

India delisted nearly 4,000 sellers caught listing explosives online

On 19 October 2026 the consumer affairs ministry said the Central Consumer Protection Authority forced seven B2B marketplaces to remove 3,940 listings for regulated explosives such as ammonium nitrate and imposed ₹30 lakh in penalties on two platforms after investigations into hazardous online sales.

Pramaan Desk · 19 Oct 2026

• policy• pramaan desk

News

Karnataka cut JSW Dulux’s disputed GST credit claim to ₹42 crore

JSW Dulux said on 19 October 2026 that Karnataka commercial tax authorities trimmed a FY21 input tax credit dispute from ₹118.33 crore to ₹42.04 crore, though the paint maker is still preparing a further response and the matter is not closed.

Pramaan Desk · 19 Oct 2026

• policy• pramaan desk

News

Sahaj Solar approved a 1.8 GWh battery factory in Gujarat

On 19 October 2026 Sahaj Solar Ltd told exchanges its board approved a new battery energy storage manufacturing facility in Gujarat with 1.8 gigawatt-hours of annual capacity, backed by an initial ₹25 crore investment as India tries to localise grid-scale storage.

Pramaan Desk · 19 Oct 2026

• companies• pramaan desk

News

Even Healthcare raised $50 million to open more Bengaluru hospitals

Reporting on 19 October 2026 said managed-care startup Even Healthcare closed a $50 million Series B led by Khosla Ventures to expand its hospital network in Bengaluru, where it already runs two facilities and plans five by early 2027.

Pramaan Desk · 19 Oct 2026

• companies• pramaan desk

News

Delhi shelved a plan to force power plants to import more coal

Bloomberg reported on 19 October 2026 that India has dropped a proposal to mandate imported coal blending at power stations, opting instead to push Coal India and railways to lift domestic supply as stocks run low ahead of peak demand.

Pramaan Desk · 19 Oct 2026

• policy• pramaan desk

News

Grab-and-go chains are losing shoppers to ten-minute grocery apps

Reporting on 19 October 2026 said organised convenience stores face an existential squeeze as quick-commerce deliveries cover daily needs, highlighted by the closure of all 31 remaining 7-Eleven outlets in India on 30 September after Reliance Retail’s franchise ended.

Pramaan Desk · 19 Oct 2026

• markets• pramaan desk

News

New aviation rules will not cap domestic ticket prices, officials said

Reporting on 19 October 2026 quoted a senior civil aviation official saying India has no plan to regulate routine airfares under forthcoming rules under the Bharatiya Vayuyan Adhiniyam, 2024, though government could set limits only in extraordinary situations such as natural disasters.

Pramaan Desk · 19 Oct 2026

• policy• pramaan desk

News

L&T started design work on a new international airport outside Tashkent

On 19 October 2026 Larsen & Toubro said its airports vertical began initial engineering and procurement planning for the greenfield New Tashkent International Airport in Uzbekistan after receiving a limited notice to proceed on an ultra-mega EPC contract valued above ₹15,000 crore.

Pramaan Desk · 19 Oct 2026

• companies• pramaan desk

News

A Dubai NRI won tax relief after officials treated yen FCNR deposits as rupees

Reporting on 18 October 2026 said the Income Tax Appellate Tribunal in Jaipur deleted a ₹3.41 crore unexplained-money addition against Kavita Khanwani after finding that an assessing officer had read Japanese yen principal on two IndusInd Bank FCNR deposits as if it were Indian rupees.

Pramaan Desk · 19 Oct 2026

• policy• pramaan desk

News

Packaged food makers may raise prices after Diwali as palm oil and sugar stay costly

Reporting on 18 October 2026 said large FMCG companies face margin pressure in the second half of FY27 as palm oil, sugar, and packaging costs climb, with many brands absorbing part of the hit so far but considering list-price increases once the festive season ends.

Pramaan Desk · 18 Oct 2026

• markets• pramaan desk

News

Oil India signed a coal-bed methane contract for a 272 sq km block in Singrauli

On 18 October 2026 Oil India Ltd told exchanges it signed a revenue-sharing contract on 15 October for a special coal-bed methane block covering 272 sq km in the Singrauli coalfield, marking its return to unconventional gas exploration with seams expected around 600–800 metres deep.

Pramaan Desk · 18 Oct 2026

• policy• pramaan desk

News

Airtel now sells voice-only prepaid plans from ₹185 after TRAI’s new rules

On 18 October 2026 reporting said Bharti Airtel became the first operator to list prepaid plans with unlimited calls and SMS but no mobile data, priced at ₹185, ₹203, and ₹206, following Telecom Regulatory Authority of India norms that require such offerings.

Pramaan Desk · 18 Oct 2026

• policy• pramaan desk

News

Several banks are shrinking farm loan books as rural rainfall worries mount

Reporting on 18 October 2026 said agriculture and rural lending lost share in many banks’ loan books in the September quarter of FY27, with lenders including RBL Bank and Federal Bank pulling back while deficient rainfall and El Niño risks make farm credit harder to underwrite.

Pramaan Desk · 18 Oct 2026

• policy• pramaan desk

News

DLF plans ₹58,000 crore of new luxury homes in Delhi-NCR and Mumbai

On 18 October 2026, India’s largest listed developer said it will launch about 24 million square feet of housing with sales potential above ₹58,000 crore over the next two to three years, riding demand for high-end projects after selling out a Gurugram senior-living block for nearly ₹2,000 crore in the September quarter.

Pramaan Desk · 18 Oct 2026

• markets• pramaan desk

News

Listed jewellers grew sales about a quarter in Q2 even with Navratri shifting later

Business updates filed around 18 October 2026 showed leading jewellery chains posting roughly 22% to 28% revenue growth in the July–September quarter, with Kalyan Jewellers citing about 27% growth in India and strong same-store sales despite Navratri moving into the December quarter this year.

Pramaan Desk · 18 Oct 2026

• markets• pramaan desk

News

Apple Pay is live in India but only for Axis Bank Visa and Mastercard credit cards

Reporting on 18 October 2026 said Apple’s tap-to-pay service, which rolled out in late September 2026, lets iPhone, iPad, and Apple Watch users pay at terminals using Face ID or Touch ID without entering a PIN or OTP, starting with Axis Bank-issued Visa and Mastercard credit cards while talks continue with other lenders.

Pramaan Desk · 18 Oct 2026

• companies• pramaan desk

News

An Odisha court threw out a ₹696 crore mining penalty on JSW Steel

On 18 October 2026 JSW Steel said the Odisha High Court quashed a ₹696 crore demand from Joda mining authorities over dispatch shortfalls at its Jajang iron ore block and sent a separate ₹1,473 crore penalty back for fresh evaluation, easing a long-running dispute tied to production agreements signed in 2020.

Pramaan Desk · 18 Oct 2026

• policy• pramaan desk

News

HDFC Bank’s deputy managing director will leave after the RBI picked someone else as CEO

Kaizad Bharucha, a founding-era executive at HDFC Bank, has asked to step down as deputy managing director effective 31 December 2026, weeks after the Reserve Bank of India approved Anup Bagchi to succeed Sashidhar Jagdishan as managing director and chief executive.

Pramaan Desk · 18 Oct 2026

• companies• pramaan desk

News

Family offices are backing branded hotels around India’s big pilgrimage towns

Reporting on 18 October 2026 said wealthy families have committed close to ₹2,000 crore over the past 12–18 months to hospitality assets near major religious destinations, from Udupi and Mathura to Deoghar and Salasar Balaji, as operators chase organised stays for faith travellers.

Pramaan Desk · 18 Oct 2026

• markets• pramaan desk

News

IDBI Bank unions will hunger strike on 2–3 November over the Fairfax sale

On 18 October 2026, the United Forum of IDBI Officers and Employees called a two-day nationwide hunger strike on 2 and 3 November 2026 to protest the government’s plan to sell a majority stake in IDBI Bank to Fairfax Financial Holdings, demanding the Centre retain at least 51% ownership and written job protections.

Pramaan Desk · 18 Oct 2026

• policy• pramaan desk

News

A Hyderabad forum ordered SBI to repay a senior citizen’s fixed deposit with interest

On 7 October 2026, the Hyderabad district consumer disputes commission directed State Bank of India to return a retired scientist’s ₹15 lakh fixed deposit with 8.5% interest through maturity and pay compensation after the bank failed to alert him when the five-year receipt matured in December 2023.

Pramaan Desk · 18 Oct 2026

• policy• pramaan desk

News

FSSAI is prosecuting Priyagold’s maker for using cattle-feed bran in biscuits

On 17 October 2026, the Food Safety and Standards Authority of India said inspections found bran meant for cattle feed in Priyagold biscuit production and initiated prosecution against Surya Food & Agro after earlier suspending the company’s licence.

Pramaan Desk · 17 Oct 2026

• policy• pramaan desk

News

India says it will not sign a US trade deal without preferential treatment

On 17 October 2026, former diplomat Veena Sikri told reporters New Delhi will withhold a bilateral trade pact until Washington offers preferential access, as US Secretary of State Marco Rubio prepared a Mumbai and Jamnagar trip focused on energy and investment ties.

Pramaan Desk · 17 Oct 2026

• policy• pramaan desk

News

FSSAI sent Nestlé and Hindustan Unilever notices over pack and ad claims

On 17 October 2026, the Food Safety and Standards Authority of India said it issued notices to Nestlé India and Hindustan Unilever for inconsistent labels and health claims on drinks sold online, and suspended licences at two smaller food businesses after audits.

Pramaan Desk · 17 Oct 2026

• policy• pramaan desk

News

Hero MotoCorp refreshed its Xtreme bikes with cruise control and a quickshifter

On 17 October 2026, Hero MotoCorp launched updated Xtreme 160R 4V and Xtreme 250R models with cruise control, a bi-directional quickshifter on the larger bike, and introductory prices from ₹1.27 lakh and ₹1.98 lakh ex-showroom Delhi.

Pramaan Desk · 17 Oct 2026

• companies• pramaan desk

News

Canada pitched more fertiliser and potash exports as India targets a 2026 trade pact

On 17 October 2026, Canada’s trade minister said Ottawa sees room to ship more fertiliser and potash to India, linking the pitch to Fairfax’s IDBI stake plan as both governments aim to finish a comprehensive economic partnership agreement by end-2026.

Pramaan Desk · 17 Oct 2026

• policy• pramaan desk

News

India’s food regulator wants to ban added sugars in infant foods up to six months

On 17 October 2026, the Food Safety and Standards Authority of India proposed ending routine use of sucrose and fructose in nutrition products for babies up to six months, keeping lactose and glucose polymers as the preferred carbohydrates.

Pramaan Desk · 17 Oct 2026

• policy• pramaan desk

News

Maharashtra named Blinkit and Reliance officials in an expired-food probe

Maharashtra’s Food and Drug Administration filed a police complaint and suspended licences at five Reliance and Eternal warehouses after alleging expired and rejected grocery packs were sent to disposal contractors that did not destroy stock, letting some items re-enter retail channels.

Pramaan Desk · 17 Oct 2026

• policy• pramaan desk

News

Jio Platforms set employee and Reliance shareholder quotas for its October IPO

Ahead of a 21–23 October 2026 listing window, Jio Platforms reserved separate IPO pools for permanent group employees and for individuals who held Reliance Industries shares on 14 October, with up to three applications per PAN across categories.

Pramaan Desk · 17 Oct 2026

• markets• pramaan desk

News

Renault priced its Duster strong hybrid from ₹16.99 lakh to chase diesel SUV buyers

On 17 October 2026, Renault India launched the Duster Strong Hybrid E-Tech 160 from ₹16.99 lakh, claiming 29 km/l fuel economy and 160 PS from a 1.8-litre petrol setup as it targets Toyota and Maruti Suzuki hybrid rivals and diesel crossovers.

Pramaan Desk · 17 Oct 2026

• companies• pramaan desk

News

State fuel retailers sold 25% more diesel in the first half of October

Preliminary data cited on 17 October 2026 showed oil marketing companies sold 3.65 million tonnes of diesel in the first 15 days of October, up 25.4% year on year, as festive trucking, farm use, and cheaper PSU pump prices pulled buyers from private retailers.

Pramaan Desk · 17 Oct 2026

• markets• pramaan desk

News

Gas importers can soon book spare LNG terminal slots on Indian Gas Exchange

On 17 October 2026, the Petroleum and Natural Gas Regulatory Board said Indian Gas Exchange received approval to run a capacity-booking platform for liquefied natural gas import terminals, giving buyers a central way to list and reserve idle regasification capacity.

Pramaan Desk · 17 Oct 2026

• policy• pramaan desk

News

India’s peak power demand stayed above 250 GW through most of September

Grid data cited on 17 October 2026 showed domestic peak electricity demand exceeding 250 gigawatts on most September days, near summer levels, as weak monsoon rains kept irrigation pumps and cooling loads high and day-ahead power prices on IEX stayed above ₹7 per unit.

Pramaan Desk · 17 Oct 2026

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News

Iveco shareholders approved Tata Motors’ takeover bid at the higher price

On 17 October 2026, Tata Motors said Iveco Group shareholders backed all board resolutions on its voluntary tender offer, including articles changes and a possible demerger, after the Indian company raised its bid to €14.40 per share on 9 October.

Pramaan Desk · 17 Oct 2026

• companies• pramaan desk

News

Yes Bank warned the AT-1 ruling could cut its core capital ratio by 250 basis points

In an exchange filing on 17 October 2026, Yes Bank said restoring ₹8,415 crore of written-off additional tier-1 bonds after the Supreme Court judgment could lower its Common Equity Tier 1 ratio by about 250 basis points, while it still expects overall tier-1 capital near 14% on a pro forma basis.

Pramaan Desk · 17 Oct 2026

• policy• pramaan desk

News

Ather Energy’s insurance arm can now sell life, health, and motor policies

IRDAI granted Ather Insurance a corporate agent (composite) registration on 15 October 2026, allowing the electric two-wheeler maker’s wholly owned subsidiary to distribute and service insurance without underwriting its own policies.

Pramaan Desk · 16 Oct 2026

• companies• pramaan desk

News

Starlink and Reliance traded public statements as India nears satellite broadband licences

On 16 October 2026 Starlink said it was ready to serve India with in-country gateways and approvals, after Reliance Industries welcomed satellite competition but insisted every entrant follow Indian law; communications minister Jyotiraditya Scindia said three applicants are close to final commercial licences.

Pramaan Desk · 16 Oct 2026

• policy• pramaan desk

News

Oberoi Realty kept profit near ₹762 crore as revenue slipped 6%

Oberoi Realty reported on 16 October 2026 that consolidated net profit was roughly flat year on year at ₹761.65 crore for the September quarter, while revenue from operations fell 6.1% to about ₹1,671 crore and the board declared a ₹2 per share interim dividend.

Pramaan Desk · 16 Oct 2026

• companies• pramaan desk

News

Cult.fit cleared the next SEBI hurdle for a ₹950 crore IPO

On 16 October 2026, SEBI issued observations on Cult.fit’s draft papers for an offering that includes up to ₹950 crore of fresh shares and a 17.86 crore share sale by existing investors, as the fitness chain runs 708 centres across 77 cities.

Pramaan Desk · 16 Oct 2026

• markets• pramaan desk

News

India told oil firms to stop buying ethanol made from surplus sugar

A 16 October 2026 tender from state oil marketers set sugar diversion for ethanol at zero in the 2026–27 supply year, steering bids toward corn and rice feedstock while sugar prices sit at records after weak rains in Maharashtra and Karnataka.

Pramaan Desk · 16 Oct 2026

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News

RBI approved merging Emirates NBD’s India branches into RBL Bank

The Reserve Bank of India said on 16 October 2026 that the Indian branches of Emirates NBD Bank will amalgamate with RBL Bank Ltd, with the merger effective from 1 December 2026.

Pramaan Desk · 16 Oct 2026

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News

India drafted tougher drug patent rules to block evergreening

On 16 October 2026, the patent office published draft examination guidelines that demand stronger proof of medical benefit for new drug claims, aiming to stop minor tweaks from extending monopolies and to speed cheaper generics in a market that supplies about a fifth of global generic medicines.

Pramaan Desk · 16 Oct 2026

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News

Air India cancelled Saudi flights until 20 October after airport attacks

Air India said on 16 October 2026 that all flights to and from Riyadh, Dammam, and Jeddah are cancelled until 20 October amid drone and missile attacks on Saudi aviation infrastructure, with full refunds offered to passengers and rival carriers extending their own suspensions.

Pramaan Desk · 16 Oct 2026

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News

Eternal and SBI Card opened early access for a Zomato-Blinkit credit card

Eternal Ltd, owner of Zomato and Blinkit, teamed with SBI Card on 15–16 October 2026 to offer early-access sign-ups for a co-branded credit card that promises instant discounts across the group’s apps, with applications opening from 22 October on Mastercard and RuPay networks.

Pramaan Desk · 16 Oct 2026

• companies• pramaan desk

News

India’s gold imports fell 81% in September after the duty hike

Commerce Ministry trade data released on 15 October 2026 show gold imports dropped to about $1.8 billion in September, down 81% year on year, while silver shipments fell 49%, extending a two-month slide after import duties on precious metals rose to 15% in May.

Pramaan Desk · 16 Oct 2026

• markets• pramaan desk

News

Carmakers warn steel and freight costs may force more price hikes after Diwali

Industry data cited on 16 October 2026 show hot-rolled steel and aluminium at 12-month highs, CNG pump prices up double digits in Delhi, and the Baltic Dry freight index 60% above a year ago, prompting executives from Maruti Suzuki to Toyota to say further vehicle price increases are possible once the festive season ends.

Pramaan Desk · 16 Oct 2026

• companies• pramaan desk

News

Mahindra launched its first CNG SUV at ₹9.99 lakh ex-showroom

Mahindra & Mahindra began selling the XUV 3XO ZNG on 16 October 2026, a turbo-petrol CNG compact SUV priced from ₹9.99 lakh to ₹12.27 lakh, claiming 24.7 km/kg efficiency and 270 litres of boot space with twin cylinders mounted under the floor.

Pramaan Desk · 16 Oct 2026

• companies• pramaan desk

News

Regulators banned one power bank model after an IndiGo cabin fire

After a fire involving a portable battery on an IndiGo flight, the Directorate General of Civil Aviation barred the MOBIKINS MK-PB-04 power bank from Indian flights from 29 September 2026, while Paytm founder Vijay Shekhar Sharma urged a wider in-flight ban in posts on 16 October.

Pramaan Desk · 16 Oct 2026

• policy• pramaan desk

News

India raised the windfall tax on petrol exports and trimmed the levy on diesel

A government order issued late on 15 October 2026 lifts the export duty on petrol to ₹2.5 per litre from ₹0.5 while cutting the diesel export duty to ₹8.5 per litre, effective 16 October, as refiners balance domestic pump prices with overseas margins.

Pramaan Desk · 16 Oct 2026

• policy• pramaan desk

News

Several large mutual funds paused bulk subscriptions into gold ETFs

Fund houses including Kotak Mahindra Asset Management issued notices late on 15 October 2026 suspending large lump-sum and switch-in flows into gold exchange-traded funds, just before the festive season when retail demand for bullion-linked products typically rises.

Pramaan Desk · 16 Oct 2026

• markets• pramaan desk

News

Delhi now requires Aadhaar verification to claim the power bill subsidy

The Delhi government’s power department has made Aadhaar authentication or proof of possession mandatory for consumers who want benefits under the city’s electricity subsidy scheme, according to a notification reported on 15 October 2026.

Pramaan Desk · 15 Oct 2026

• policy• pramaan desk

News

Sundaram Finance lifted fixed deposit rates with effect from 16 October

Non-bank lender Sundaram Finance raised interest on several fixed deposit tenures on 15 October 2026, with revised rates including up to 8% on select terms starting 16 October, as savers hunt yield after recent rate moves elsewhere in the system.

Pramaan Desk · 15 Oct 2026

• policy• pramaan desk

News

SEBI will still settle expiring derivatives using a 30-minute average price

On 15 October 2026 SEBI issued a final framework that keeps the last 30 minutes of cash-market trading as the reference for expiry-day F&O settlement after broker pushback, while shortening and retiming the equity closing auction from 7 December 2026.

Pramaan Desk · 15 Oct 2026

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News

Kotak Mutual Fund stopped new money into two funds that held Yes Bank AT-1 bonds

On 15 October 2026 Kotak Mutual Fund suspended fresh lumpsum, switch-in, SIP, and STP flows into its Medium Term Fund and Credit Risk Fund after the Supreme Court restored Yes Bank’s written-off AT-1 bonds, which those schemes had held at zero value.

Pramaan Desk · 15 Oct 2026

• policy• pramaan desk

News

SEBI wants your insurance policies on the same ledger as stocks and mutual funds

On 15 October 2026 SEBI chairman Tuhin Kanta Pandey said the regulator has written to IRDAI to explore adding insurance policy data to the Consolidated Account Statement, building on RBI moves to fold bank deposits into the same investor view.

Pramaan Desk · 15 Oct 2026

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News

Mankind Pharma is paying €48 million for a stake in a Belgian CAR-T cancer research firm

On 15 October 2026 Mankind Pharma agreed to acquire 70% of Belgium’s Armed Cell Therapeutics for €48 million through its Netherlands subsidiary, gaining experimental CAR-T programmes in blood and lung cancers.

Pramaan Desk · 15 Oct 2026

• companies• pramaan desk

News

India’s top court restored Yes Bank’s ₹8,415 crore AT-1 bonds

On 15 October 2026 the Supreme Court upheld the Bombay High Court’s quashing of Yes Bank’s 2020 write-off of ₹8,415 crore in additional tier-1 bonds, ruling the administrator lacked authority and restoring bondholders’ claims at the original coupon rates.

Pramaan Desk · 15 Oct 2026

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News

Nestlé India’s profit rose 36% but the stock fell on food inflation

On 15 October 2026 Nestlé India reported September-quarter profit of ₹1,026.8 crore on 20.3% revenue growth, then warned that food inflation and volatile cocoa, sugar, and edible oil costs remain a reality, sending shares down about 7–9%.

Pramaan Desk · 15 Oct 2026

• companies• pramaan desk

News

Tech Mahindra raised profit 33% and proposed a bonus share issue

On 15 October 2026 Tech Mahindra reported consolidated revenue of ₹16,180 crore and profit of ₹1,586 crore for the September quarter, moved EBIT margin closer to its 15% goal, and announced a ₹15 interim dividend plus a 1:1 bonus issue subject to shareholders.

Pramaan Desk · 15 Oct 2026

• companies• pramaan desk

News

The defence ministry signed ₹4,106 crore in satellite and torpedo deals

On 15 October 2026 the Ministry of Defence awarded about ₹2,563 crore to New Space India for the GSAT-7C communications satellite for the Indian Air Force and ₹1,543 crore to Bharat Dynamics for Varunastra anti-submarine torpedoes for the Navy.

Pramaan Desk · 15 Oct 2026

• policy• pramaan desk

News

Carmakers sold 4.5 lakh passenger vehicles in India last September

On 15 October 2026, industry body SIAM said domestic passenger vehicle wholesales reached 454,574 units in September 2026, with two-wheeler sales at 2.46 million units, and flagged festive demand even as inflation and rates stay on its watch list.

Pramaan Desk · 15 Oct 2026

• markets• pramaan desk

News

CEAT will raise tyre prices by up to 6% after raw material costs jumped

On 14 October 2026, CEAT Ltd said it will lift tyre prices by 4–6% this quarter, including about 6% on commercial tyres, after rubber and petroleum-based inputs rose sharply and Q2 operating margin fell to 9.5%.

Pramaan Desk · 15 Oct 2026

• companies• pramaan desk

News

Wholesale inflation hit 11.4% in September and may stay high this year

On 15 October 2026, ICICI Bank research said India’s wholesale price index inflation rose to 11.4% year on year in September from 9.9% in August, driven by fuel, manufactured goods, and food, and could remain elevated through FY2026–27.

Pramaan Desk · 15 Oct 2026

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News

Brands still spend heavily on cricketers even as creator ads grow

Reporting on 15 October 2026 said cricket endorsements remain near 90% of India’s sports celebrity ad market, estimated at ₹1,350 crore in 2025 and heading past ₹1,500 crore in 2026, while FMCG firms also shift budgets toward digital creators.

Pramaan Desk · 15 Oct 2026

• markets• pramaan desk

News

Train tickets sold at counters will include insurance from 27 October

On 14 October 2026, the Supreme Court directed Indian Railways to bundle travel insurance with every ticket sold at station counters from 27 October, extending a cover that until now applied mainly to online IRCTC bookings.

Pramaan Desk · 14 Oct 2026

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News

Reliance is selling flavoured milk at ₹20 to take on Amul and Mother Dairy

On 14 October 2026, Reliance Consumer Products rolled out Joyland flavoured milk in Tamil Nadu at ₹20 per pack, entering the ready-to-drink dairy aisle against Amul, ITC, and Mother Dairy.

Pramaan Desk · 14 Oct 2026

• companies• pramaan desk

News

Biocon settled Roche’s US patent fight over a breast-cancer biosimilar

On 14 October 2026, Biocon Ltd said it resolved Genentech’s US lawsuit over its Perjeta biosimilar, clearing a path to launch Pebrilzo in Europe from early 2027 and in America from late 2028.

Pramaan Desk · 14 Oct 2026

• companies• pramaan desk

News

Kumar Mangalam Birla pledged up to $30 billion of fresh group investment

On 14 October 2026, Aditya Birla Group chairman Kumar Mangalam Birla told reporters the conglomerate could invest up to $30 billion over the next two to three years across cement, metals, financial services, and overseas expansion despite global trade uncertainty.

Pramaan Desk · 14 Oct 2026

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News

SEBI kept Rajesh Mehta barred from trading in Rajesh Exports shares

On 14 October 2026, the Securities and Exchange Board of India confirmed interim restrictions on Rajesh Exports Ltd and managing director Rajesh Mehta, directing them to cooperate with a probe into the jeweller’s financial disclosures while trading curbs stay in force.

Pramaan Desk · 14 Oct 2026

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News

Groww’s parent company reported ₹725 crore profit in the September quarter

Billionbrains Garage Ventures, which owns the Groww stockbroking app, said consolidated net profit rose 54% year on year to ₹725 crore in the quarter ended 30 September 2026, even as tighter rules on equity derivatives trimmed activity industry-wide.

Pramaan Desk · 14 Oct 2026

• companies• pramaan desk

News

Aegis Logistics agreed to buy most of Dubai’s Tristar for ₹7,700 crore

On 14 October 2026, Aegis Logistics said it will acquire an 89.8% stake in Dubai-based Tristar Group for about ₹7,700 crore, expanding its liquid and gas logistics footprint across ports and inland terminals in India and the Gulf.

Pramaan Desk · 14 Oct 2026

• companies• pramaan desk

News

The ED seized ₹2,032 crore of Reliance Power assets in a FEMA case

On 14 October 2026, the Enforcement Directorate said it attached assets worth ₹2,032.81 crore belonging to Reliance Power Ltd and related units, including bank balances and the shareholding in Sasan Power, over alleged foreign-exchange violations tied to overseas fund flows.

Pramaan Desk · 14 Oct 2026

• policy• pramaan desk

News

ICICI Lombard’s profit rose even as claims costs pushed its combined ratio above 100%

ICICI Lombard General Insurance reported net profit of ₹946.40 crore for the quarter ended 30 September 2026, up 15.5% year on year, while its underwriting loss widened to ₹318 crore and the combined ratio reached 107% as motor and health claims ran hot.

Pramaan Desk · 14 Oct 2026

• companies• pramaan desk

News

Fairfax will buy control of IDBI Bank in a ₹52,878 crore deal

On 14 October 2026, India’s cabinet approved selling a 60.72% stake in IDBI Bank to Canada’s Fairfax Financial at ₹81 per share, with the government and LIC together keeping 34% and Fairfax also set to merge CSB Bank into IDBI within two years.

Pramaan Desk · 14 Oct 2026

• policy• pramaan desk

News

HDB Financial grew profit 34% as its loan book expanded

HDFC Bank’s NBFC arm HDB Financial Services reported net profit of ₹780.2 crore for the quarter ended 30 September 2026, up 34% year on year, as assets under management rose 11.6% to ₹1.24 lakh crore and credit costs eased slightly.

Pramaan Desk · 14 Oct 2026

• companies• pramaan desk

News

Treasury bill yields jumped as traders bet on more RBI rate hikes

On 14 October 2026, India’s six- and twelve-month treasury bill auctions cleared at yields about 20 basis points above the prior week, pushing the spread over the 5.5% repo rate to a four-year high as markets priced tighter policy after hawkish RBI comments.

Pramaan Desk · 14 Oct 2026

• policy• pramaan desk

News

Food brands are putting protein into coffee, snacks, and breakfast mixes

Reporting on 14 October 2026 highlighted a wave of protein-fortified everyday foods in India, from café-style cold foam and breakfast staples to ready-to-drink shakes, as companies chase shoppers who want functional nutrition outside the gym supplement aisle.

Pramaan Desk · 14 Oct 2026

• markets• pramaan desk

News

Bonfiglioli’s India unit is launching a ₹2,534 crore IPO this week

Bonfiglioli Transmissions, the Indian gearbox and drive-systems subsidiary of Italy’s Bonfiglioli Group, will open a ₹2,533.66 crore offer for sale on 15 October 2026 with a price band of ₹558–586 per share.

Pramaan Desk · 14 Oct 2026

• markets• pramaan desk

News

Bank of Baroda will fight BR Shetty’s $15 billion Bombay High Court suit

On 14 October 2026, Bank of Baroda told exchanges it will defend a suit filed by NMC Healthcare founder Bavaguthu Raghuram Shetty seeking $15 billion in damages, while saying it is already pursuing roughly ₹2,800 crore of recoveries against him in India and the UAE.

Pramaan Desk · 14 Oct 2026

• policy• pramaan desk

News

The rupee rose to a one-month high after the RBI pledged to keep the currency orderly

On 14 October 2026, the Indian rupee strengthened to about 94.91 per US dollar, its best level in over a month, as markets reacted to Reserve Bank of India governor Sanjay Malhotra’s pledge to take further steps for orderly currency moves after recent hedge and oil-dollar measures.

Pramaan Desk · 14 Oct 2026

• policy• pramaan desk

News

Hyundai and TVS are planning an electric mini truck for 2027

Reporting on 14 October 2026 said Hyundai Motor and TVS Motor will extend their electric three-wheeler partnership into a small cargo truck aimed at Tata Motors’ Ace segment, targeting a 2027 launch as electric goods-vehicle registrations accelerate.

Pramaan Desk · 14 Oct 2026

• companies• pramaan desk

News

Hyundai Motor Group pledged $15.5 billion for India through 2032

On 13 October 2026, Hyundai Motor Group said it will invest $15.5 billion in India from 2026 through 2032 across Hyundai Motor India and Kia, covering factory capacity, local suppliers, R&D including a new test track, and startup bets, after chair Euisun Chung met Prime Minister Narendra Modi in New Delhi.

Pramaan Desk · 13 Oct 2026

• policy• pramaan desk

News

Urban Company will ask its board to approve a fresh fundraise on 16 October

On 13 October 2026, Urban Company told stock exchanges its board will meet on 16 October to consider issuing equity or convertible securities, possibly via a qualified institutions placement, as rivals Snabbit and Pronto scale instant home-help services.

Pramaan Desk · 13 Oct 2026

• companies• pramaan desk

News

Nirmala Sitharaman said the government will hear investors on capital gains tax

On 13 October 2026, finance minister Nirmala Sitharaman told the Bloomberg New Economy Forum in New Delhi that officials would listen to Indian and foreign investors on long-term capital gains tax, securities transaction tax, and whether asset classes should be taxed more evenly, without announcing any change.

Pramaan Desk · 13 Oct 2026

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News

PNC Infratech won a Delhi High Court stay on NHAI debarment orders

On 13 October 2026, PNC Infratech said the Delhi High Court stayed National Highways Authority of India debarment orders issued in September against the company and its Awadh Expressway special purpose vehicle, pending further hearings.

Pramaan Desk · 13 Oct 2026

• policy• pramaan desk

News

SEBI wants tougher checks on how listed firms spend IPO cash

On 13 October 2026, the Securities and Exchange Board of India issued a consultation paper proposing mandatory monitoring agencies for all issuers, ₹50,000 fines for non-cooperation, and eventual freezes on promoters’ demat accounts if companies misuse public-issue proceeds.

Pramaan Desk · 13 Oct 2026

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News

India’s gas regulator proposed up to 5% hydrogen in home piped gas

On 13 October 2026, the Petroleum and Natural Gas Regulatory Board issued draft guidelines allowing city gas distributors to blend up to 5% hydrogen by volume into natural gas sold to domestic piped-gas customers, subject to safety, metering, and appliance checks.

Pramaan Desk · 13 Oct 2026

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News

Paytm’s gaming unit saw its GST demand cut from ₹5,712 crore to ₹704 crore

One97 Communications said on 13 October 2026 that tax authorities reduced a goods and services tax demand on subsidiary First Games Technology to about ₹704 crore from an earlier proposed ₹5,712 crore for April 2018 to March 2023, with penalty and interest still applicable.

Pramaan Desk · 13 Oct 2026

• policy• pramaan desk

News

NPCI pushed UPI merchant fees to after Diwali

On 13 October 2026, the National Payments Corporation of India said its steering committee will implement merchant discount rates on select person-to-merchant UPI payments only after Diwali, not from 15 October as earlier planned, with a new start date to be announced later.

Pramaan Desk · 13 Oct 2026

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News

Polycab won a stay against a ₹2.79 crore insolvency admission order

Polycab India said on 13 October 2026 that the National Company Law Appellate Tribunal stayed an Ahmedabad tribunal order that had admitted an insolvency petition from Asier Metals over alleged operational dues of ₹2.79 crore, with the appeal listed for 26 October.

Pramaan Desk · 13 Oct 2026

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News

About 40 SpiceJet Q400 pilots refused to fly until back pay clears

Reporting on 13 October 2026 said roughly 40 SpiceJet pilots on the airline’s Bombardier Q400 fleet would not operate flights until outstanding salary dues are paid, with the Airline Pilots’ Association of India backing the stand amid ongoing financial strain at the carrier.

Pramaan Desk · 13 Oct 2026

• companies• pramaan desk

News

India’s food regulator will make quick-commerce apps show expiry dates and answer for dark kitchens

Food Safety and Standards Authority of India chief executive Rajit Punhani said in an interview reported on 13 October 2026 that online grocery platforms face tighter listing rules, including manufacturing and expiry dates on packs, photos and addresses for dark kitchens, and accountability when sellers mislabel products.

Pramaan Desk · 13 Oct 2026

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News

Construction started on 10,432 Dharavi rehabilitation flats at a Matunga site

Adani Navbharat Developers held a ground-breaking ceremony on 12 October 2026 for 10 high-rise towers with 10,432 homes and 1,379 commercial units on 22 acres of railway land in Matunga, with the first five buildings slated for handover by March 2029.

Pramaan Desk · 13 Oct 2026

• policy• pramaan desk

News

Ceat, Ather, and Lumax are opening China sourcing teams as metal costs bite

Reporting on 13 October 2026 said at least three Indian auto and component firms, including Ceat, Ather Energy, and Lumax Auto Technologies, are setting up subsidiaries or hiring locally in China to secure parts and manage rising aluminium and copper prices, while China’s share of India’s auto-component imports reached 36% in FY26.

Pramaan Desk · 13 Oct 2026

• companies• pramaan desk

News

Aditya Birla Renewables is lining up about $1.5 billion of rupee loans to fund its Shell renewables buy

Reporting on 9 October 2026 said Aditya Birla Renewables is seeking about $1.5 billion in rupee project loans from Indian banks to finance its $1.8 billion acquisition of Shell unit Solenergi Power, replacing a costlier $1.6 billion bridge facility from MUFG Bank.

Pramaan Desk · 13 Oct 2026

• companies• pramaan desk

News

HCLTech signed $3.3 billion of new deals but posted its slowest September-quarter growth in three years

HCL Technologies reported on 12 October 2026 that new order bookings reached $3.3 billion in the September quarter, lifting first-half wins to a record $5.67 billion, even as revenue growth slowed to about 2.2% year on year in dollar terms and management flagged early-stage AI-led deflation in legacy work.

Pramaan Desk · 12 Oct 2026

• companies• pramaan desk

News

SEBI cleared Indian Gas Exchange to list after a promoter share sale

India’s first delivery-based online natural gas trading platform received SEBI’s final observation on 12 October 2026 for an offer for sale of up to 1.67 crore shares by promoter Indian Energy Exchange, with no fresh capital going to the exchange itself.

Pramaan Desk · 12 Oct 2026

• markets• pramaan desk

News

RBL Bank will open 1,000 branches while chasing cheaper retail deposits

Managing director R Subramaniakumar said on 12 October 2026 that RBL Bank plans about 1,000 new branches over two to three years to build granular retail deposits, after September-quarter standalone profit rose to ₹481.7 crore from ₹179 crore a year earlier on 42% loan growth.

Pramaan Desk · 12 Oct 2026

• companies• pramaan desk

News

Bank of India labelled Future Enterprises’ ₹575 crore loan account as fraud

Bank of India said on 12 October 2026 it classified Kishore Biyani-promoted Future Enterprises’ ₹575.40 crore outstanding exposure as fraud, reported the matter to the Reserve Bank of India, and had already fully provisioned for the loan.

Pramaan Desk · 12 Oct 2026

• policy• pramaan desk

News

About 1,000 former Flipkart staff asked Walmart for a way to sell vested stock

A 10 October 2026 representation signed by roughly 1,000 former Flipkart group employees asked Walmart and Flipkart boards for clarity on monetising vested stock options, citing reports that the marketplace IPO could slip another one to two years.

Pramaan Desk · 12 Oct 2026

• companies• pramaan desk

News

HCLTech will embed Anthropic’s Claude across its client and software stack

HCLTech signed a global premier partnership with Anthropic on 12 October 2026 to build a dedicated business unit and centre of excellence for agentic AI, rolling Claude, Cowork and Claude Code into client projects and products such as BigFix, AppScan and its AIForce engineering platform.

Pramaan Desk · 12 Oct 2026

• companies• pramaan desk

News

Tata Motors and Stellantis will develop cars in India for more than 50 markets

Tata Motors Passenger Vehicles and Stellantis signed a definitive agreement on 12 October 2026 to co-develop vehicle architecture in India and manufacture at their Ranjangaon joint venture for export to more than 50 countries, extending a two-decade manufacturing tie into product engineering.

Pramaan Desk · 12 Oct 2026

• companies• pramaan desk

News

India’s September inflation print came in at 5.54%

Retail inflation rose to 5.54% in September 2026 from 4.83% in August, the highest reading in two years and above the 5.4% consensus in a Reuters poll, keeping price growth near the top of the Reserve Bank of India’s 2% to 6% tolerance band.

Pramaan Desk · 12 Oct 2026

• policy• pramaan desk

News

Mutual funds sold another ₹5,100 crore of government bonds after the RBI hike

Indian asset managers offloaded a net ₹5,100 crore of government securities in the three sessions after the Reserve Bank of India’s rate increase, adding to about ₹37,800 crore of sales between July and September as managers cut duration risk.

Pramaan Desk · 12 Oct 2026

• policy• pramaan desk

News

Electric scooters made up one in three new registrations in September

Battery-powered scooters accounted for about 33% of India’s scooter registrations in September 2026, up from 22% a year earlier, with more than 2.07 lakh electric two-wheelers registered as upfront prices narrow against petrol rivals.

Pramaan Desk · 12 Oct 2026

• companies• pramaan desk

News

The RBI will meet Indian Oil, HPCL and BPCL dollar needs from 12 October

From 12 October 2026 the Reserve Bank of India will sell dollars to Indian Oil, Hindustan Petroleum, and Bharat Petroleum through a special window via designated banks, covering their daily foreign-exchange requirements and keeping those purchases off the spot market.

Pramaan Desk · 12 Oct 2026

• policy• pramaan desk

News

Zetwerk set a ₹143–151 price band for its ₹5,000 crore IPO

Zetwerk Manufacturing fixed the price band for a ₹5,012 crore listing that opens on 15 October 2026. The issue mixes ₹2,830 crore of fresh shares with a ₹2,182 crore promoter and investor sell-down, valuing the contract manufacturer near ₹26,000 crore at the top of the band.

Pramaan Desk · 11 Oct 2026

• markets• pramaan desk

News

JSW Motors delayed its first SUV launch to 4 December

JSW Motors will unveil its Combat plug-in hybrid SUV on 4 December 2026, later than an earlier Diwali target. The model is based on Chery’s Jetour T2, targets roughly ₹30–50 lakh, and marks the steel group’s first passenger vehicle under its own badge separate from MG Motor India.

Pramaan Desk · 11 Oct 2026

• companies• pramaan desk

News

Jio-bp raised petrol by ₹5 a litre at the pump on Sunday

Reliance-backed Jio-bp increased retail petrol by ₹5 per litre and diesel by ₹3 on 11 October 2026, matching Nayara Energy’s hike from 3 October. Dealers quoted petrol near ₹108–110 and diesel near ₹98–100 in Punjab and Haryana as private retailers pass through higher crude and export-linked margins.

Pramaan Desk · 11 Oct 2026

• policy• pramaan desk

News

Festive online sales opened with no-cost EMIs on bikes and appliances

Amazon and Flipkart’s October 2026 festival sales drew heavy EMI use on big-ticket goods. Hero MotoCorp reported a 30-fold jump in online two-wheeler orders, Samsonite’s premium luggage sales rose about 200%, and Philips domestic appliances saw roughly tenfold demand on opening days.

Pramaan Desk · 11 Oct 2026

• markets• pramaan desk

News

Three months in, India has registered zero subsidised electric ambulances

Despite ₹500 crore set aside under the PM E-DRIVE scheme for electric ambulances, VAHAN registry data cited on 11 October 2026 showed no zero-emission ambulance registrations more than three months after subsidy guidelines went live. Force Motors is the only homologated electric ambulance maker so far.

Pramaan Desk · 11 Oct 2026

• policy• pramaan desk

News

India will send a shipping ministry team to Japan and Korea for yard deals

On 11 October 2026 officials said the ministry of ports, shipping and waterways will lead industry representatives to Japan and South Korea next month to pursue shipbuilding and repair investments, including renewed talks with HD Hyundai after a stalled Tamil Nadu proposal.

Pramaan Desk · 11 Oct 2026

• policy• pramaan desk

News

Former ministers say every satcom entrant must clear the same security vetting

On 11 October 2026 policy voices pushed back on shortcuts for satellite broadband after Elon Musk criticised India’s licensing approach. Rajeev Chandrasekhar, Rajiv Kumar, Nilesh Shah, and Nitin Pai argued for equal rules, lawful-interception readiness, and faster domestic satellite capacity rather than reliance on one foreign constellation.

Pramaan Desk · 11 Oct 2026

• policy• pramaan desk

News

Chennai Metro opened a new Phase II link built for about ₹4,900 crore

Prime Minister Narendra Modi inaugurated the Poonamallee–Vadapalani stretch of Chennai Metro Phase II on 11 October 2026. The corridor cost roughly ₹4,900 crore and extends rapid transit in the western parts of the city.

Pramaan Desk · 11 Oct 2026

• policy• pramaan desk

News

NTPC wants factories to take 26% equity in shared steam-and-power plants

On 11 October 2026 NTPC invited expressions of interest from industrial users willing to hold 26% equity in co-generation projects that supply both steam and electricity, often paired with coal, renewables, and battery storage under long-term supply deals.

Pramaan Desk · 11 Oct 2026

• companies• pramaan desk

News

India’s draft steel plan targets 604 million tons of capacity by 2047

Late on 10 October 2026 the steel ministry released a draft national steel policy for public comment. It aims to lift installed capacity from about 220 million metric tons today to 604 million by 2047 while cutting average emissions intensity and locking in iron ore and coking coal supply.

Pramaan Desk · 11 Oct 2026

• policy• pramaan desk

News

Booking a Delhi–Mumbai flight months ahead now costs what tomorrow does

Reporting on 11 October 2026 showed economy one-way fares on the busiest domestic route holding near ₹6,200–₹6,900 whether you fly the next day or in February 2027, after years when early bookings were far cheaper. Airlines cite fewer seats, costly jet fuel, and weak rivalry after industry consolidation.

Pramaan Desk · 11 Oct 2026

• companies• pramaan desk

News

Vande Bharat sleepers will pack 823 berths with tickets from ₹960

Reporting on 10 October 2026 detailed the layout and fare bands for India’s upcoming Vande Bharat sleeper trains, including 3AC trips from ₹960 on routes up to 400 km and a first prototype now expected by 31 March 2027 after RVNL extended its earlier June 2026 target.

Pramaan Desk · 10 Oct 2026

• policy• pramaan desk

News

Zomato and Blinkit brought 2,500 riders to test electric scooters in Delhi

On 9 October 2026 Eternal’s Zomato and Blinkit hosted the third EV Bazaar in New Delhi, where more than 2,500 delivery partners compared over 30 electric two-wheeler models and met lenders, chargers, and battery-swap operators. Eternal says over 200,000 riders already use EVs across the two apps.

Pramaan Desk · 10 Oct 2026

• companies• pramaan desk

News

Some overseas ETFs on Indian exchanges traded at triple their underlying value

Reporting on 10 October 2026 flagged steep premiums on six international ETFs listed in India, with an estimated ₹3,094 crore of 2026 turnover above net asset value. Motilal Oswal’s Nasdaq Q50 ETF briefly traded near ₹396 against an NAV near ₹118 in September after overseas investment limits constrained fresh unit creation.

Pramaan Desk · 10 Oct 2026

• markets• pramaan desk

News

SEBI will make bond sellers show a traffic-light credit risk meter

SEBI’s 7 October 2026 circular requires issuers and online bond platforms to display a colour-coded Credit Risk-o-Meter on listed and proposed non-convertible debt, commercial paper, and similar instruments, mapping agency ratings to six bands from lowest credit risk to high default risk. Rules take effect 45 days after the circular.

Pramaan Desk · 10 Oct 2026

• policy• pramaan desk

News

Premier Energies booked over ₹4,000 crore of solar orders in one quarter

On 10 October 2026 Premier Energies said it won new orders above ₹4,000 crore in July–September FY27, spanning 2,308 MW of cells and modules plus EPC work, after lifting module capacity to 11.1 GW and cell capacity to 10.6 GW.

Pramaan Desk · 10 Oct 2026

• companies• pramaan desk

News

Office leasing hit a nine-month high even as new supply pushed vacancy up

Cushman & Wakefield’s Q3 2026 Office MarketBeat shows net absorption of 14.1 million sq ft across eight cities, up 26% quarter on quarter, while new completions at 22.7 million sq ft lifted pan-India vacancy to 14.37%. Global capability centres took 42% of quarterly leasing.

Pramaan Desk · 10 Oct 2026

• markets• pramaan desk

News

D-Mart grew revenue 18% and profit 9% in the September quarter

Avenue Supermarts reported consolidated net profit of ₹743 crore for Q2 FY27, up 8.5% year on year, on revenue from operations of ₹19,644 crore, up 17.8%, with total expenses rising 18.3% in the same period.

Pramaan Desk · 10 Oct 2026

• markets• pramaan desk

News

RBI tightened the rules on rupee hedges and cancelled forex contracts

On 10 October 2026 the Reserve Bank of India barred rebooking of cancelled rupee forex derivative contracts, cut the no-documentation hedge threshold to $5 million, and required a 20% cash reserve with the RBI on large notionals above $2 million.

Pramaan Desk · 10 Oct 2026

• policy• pramaan desk

News

Public sector banks raised repo-linked loan rates by a quarter point

Bank of Baroda, Punjab National Bank, Indian Bank, and several peers lifted external benchmark-linked lending rates by 25 basis points after the RBI’s repo hike to 5.5%, with revisions effective from 8 October on multiple products.

Pramaan Desk · 10 Oct 2026

• policy• pramaan desk

News

Festive dates pushed apparel sales into October and left Q2 looking soft

Elara Capital’s preview sees aggregate discretionary retail revenue up 11.8% year on year in Q2 FY27, but apparel revenue may fall 3.8% as Navratri shifts entirely into the December quarter while value chains and footwear stay strong.

Pramaan Desk · 10 Oct 2026

• markets• pramaan desk

News

TCS will not pay quarterly bonuses to its senior managers this quarter

A company memo reported on 9 October 2026 said Tata Consultancy Services withheld variable pay for grades C3A and above for the September 2026 quarter after performance targets were missed. Junior staff were told they would still receive 100% of eligible variable pay.

Pramaan Desk · 9 Oct 2026

• companies• pramaan desk

News

RBI told banks to keep almost all required cash on deposit every day

On 9 October 2026 the Reserve Bank of India raised the minimum daily cash reserve ratio compliance floor to 99% from 90%, effective from the fortnight ending 31 October. The headline CRR rate itself was unchanged; the move targets excess liquidity after heavy foreign-currency deposit inflows.

Pramaan Desk · 9 Oct 2026

• policy• pramaan desk

News

IRDAI wants to cap what insurers pay agents and brokers

The regulator is consulting on tighter commission and expense limits across life, health, and general insurance, with rules possibly starting in January or April 2027. The aim is to cut distribution costs that have outrun premium growth since liberalisation in 2023.

Pramaan Desk · 9 Oct 2026

• policy• pramaan desk

News

Indians bought 20% more new life insurance in the first half of this fiscal year

IRDAI data released on 9 October 2026 show first-year premium at ₹2.46 lakh crore in April–September FY26, up 20.6% year on year. September collections alone rose 21.3% to ₹48,781 crore.

Pramaan Desk · 9 Oct 2026

• markets• pramaan desk

News

Airlines say oil firms are holding back jet fuel tax refunds

Carriers told BusinessLine on 9 October 2026 that oil marketing companies are withholding value-added tax relief linked to June’s discounted aviation fuel sales. Airlines want the Centre to release the funds as surcharges on new tickets rise again.

Pramaan Desk · 9 Oct 2026

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News

India will cap mark-ups on many cancer medicines at 30%

On 9 October 2026 the government said trade margins on non-scheduled anti-cancer drugs would be limited to 30%. Regulators estimate some retail prices could fall 20% to 70% once the list is notified, saving patients about ₹2,500 crore a year.

Pramaan Desk · 9 Oct 2026

• policy• pramaan desk

News

Jio Platforms is said to price its IPO between ₹1,065 and ₹1,119 a share

Bloomberg reported on 9 October 2026 that Reliance’s digital arm could set a price band of ₹1,065 to ₹1,119 for its listing. At the top end the offer could raise about ₹30,200 crore and value the business near ₹12 lakh crore.

Pramaan Desk · 9 Oct 2026

• markets• pramaan desk

News

Festive travel pushed IRB’s highway toll collections up 24% in September

IRB Group said gross toll revenue reached ₹773 crore in September 2026, up from ₹622 crore a year earlier. The Mumbai-Pune expressway and Ahmedabad-Vadodara routes led the gain as Navaratri traffic picked up.

Pramaan Desk · 9 Oct 2026

• companies• pramaan desk

News

Electric three-wheelers took nearly two-thirds of India’s 3W market in September

FADA data for September 2026 show electric three-wheeler retail sales at 86,024 units, up 40% year on year. Their share of total three-wheeler sales rose to 64.9% from 56.7% a year earlier.

Pramaan Desk · 9 Oct 2026

• companies• pramaan desk

News

Banks importing gold now pay the same GST as everyone else

Revenue Secretary Arvind Shrivastava told the GST Council on 8 October 2026 that India did not renew a tax break for banks on bullion imports. Lenders have been paying 3% integrated GST on gold, silver, and platinum brought in through bank channels since April.

Pramaan Desk · 9 Oct 2026

• policy• pramaan desk

News

The GST Council wants more business costs to count for tax credits

After its 8 October 2026 meeting, the Council recommended letting firms claim input tax credit on more expenses, including staff health and life insurance, telecom towers outside factory gates, and certain free samples. Colgate-Palmolive India shares rose sharply on Friday as investors priced in easier working capital for consumer goods makers.

Pramaan Desk · 9 Oct 2026

• policy• pramaan desk

News

Hindalco is building its own mobile network inside an Odisha mine

Vi Business and Hindalco Industries said on 8 October 2026 they will deploy a private network at the Baphlimali bauxite mine in Odisha. The multi-year deal covers dedicated spectrum, core, radio access, and managed services for safety, fleet, and surveillance tools.

Pramaan Desk · 9 Oct 2026

• companies• pramaan desk

News

India’s food regulator just called out protein drinks sold on Amazon and Flipkart

On 8 October 2026, FSSAI issued notices to Dr Reddy’s, Nestle Health Science, Tirupati Wellness, Amazon, Flipkart, and Netmeds over Celevida GLP marketing. The regulator said pack claims about muscle, immunity, and GLP-1 therapies could mislead shoppers.

Pramaan Desk · 8 Oct 2026

• policy• pramaan desk

News

United Spirits is betting India’s next drinkers want canned cocktails

United Spirits launched Smirnoff Ice and Smirnoff Ice Max in Goa, Bengaluru, and Mumbai on 8 October 2026. The move targets ready-to-drink cocktails as vodka sales already neared ₹250 crore in the June quarter.

Pramaan Desk · 8 Oct 2026

• companies• pramaan desk

News

Aggressive battery-storage bids are starting to unravel in India

Mint reported on 8 October 2026 that cancelled or re-tendered battery storage projects have reached about 24 GWh since 2018, while many new awards were bid below viable tariffs. Experts warn up to a third of awarded capacity may struggle to reach financial close.

Pramaan Desk · 8 Oct 2026

• policy• pramaan desk

News

Washington just froze the green card queue for India’s largest IT firms

The US Labour Department suspended Cognizant, Infosys, TCS, Wipro, HCL, and Capgemini from the Permanent Labour Certification (PERM) programme on 8 October 2026. Microsoft and Adobe were suspended too. New and pending PERM filings for those employers will not move while the ban lasts.

Pramaan Desk · 8 Oct 2026

• policy• pramaan desk

News

Ola Electric is asking shareholders to pay again or own less

Ola Electric set a ₹27 rights issue price on 8 October 2026 to raise about ₹1,000 crore, roughly four months after a ₹780 crore institutional round. Shareholders must subscribe, sell their rights, or accept dilution when the issue opens on 22 October.

Pramaan Desk · 8 Oct 2026

• companies• pramaan desk

News

TCS reported another double-digit revenue quarter

Tata Consultancy Services grew rupee revenue about 11% and net profit about 15% in the quarter to 30 September 2026. The board also declared a ₹12 interim dividend.

Pramaan Desk · 8 Oct 2026

• companies• pramaan desk

News

Domestic flyers will see a separate fuel charge on tickets again

Akasa Air added a ₹375–₹1,150 fuel surcharge on domestic routes and ₹2,500 on international flights as aviation turbine fuel prices stay high. Air India and Air India Express also revised surcharges the same day.

Pramaan Desk · 8 Oct 2026

• policy• pramaan desk

News

The GST Council just made honest mistakes less frightening

India’s GST Council limited arrest powers, raised prosecution thresholds, and cut routine penalties. Rates were left unchanged. The aim is to reduce fear-driven compliance fights for businesses.

Pramaan Desk · 8 Oct 2026

• policy• pramaan desk

News

Four in ten new bank loans are flowing into power projects

Fresh data highlighted by market researchers shows nearly 40% of recent bank loan disbursements went to power projects, led by solar and wind. Capital is chasing generation assets even as policy rates rise.

Pramaan Desk · 8 Oct 2026

• markets• pramaan desk

News

The RBI just made borrowing a little more expensive

India’s central bank raised its main rate to 5.50% and said cuts are off the table for now. Inflation worries are back, and the move lands just as many families borrow for the festive season.

Pramaan Desk · 7 Oct 2026

• policy• pramaan desk

News

Titan sold more. The stock still fell.

Consumer sales rose 25% and jewellery rose about 21%. The share price still dropped 4–5%. Investors focused on slower footfall and larger bills per visit after three very strong quarters.

Pramaan Desk · 7 Oct 2026

• companies• pramaan desk

News

Airtel is testing whether households will pay more for the same SIM

New postpaid plans cost 3–11% more, the largest postpaid increase since 2024. Existing users will be moved to higher plans automatically. The open question is whether people stay or switch.

Pramaan Desk · 7 Oct 2026

• companies• pramaan desk

News

Mumbai’s passenger crush just forced the government to hit pause

Adani Airports wanted to cut hundreds of weekly international flights to free Terminal 2 for a Terminal 1 rebuild. Airlines pushed back on winter schedules. The ministry paused the plan.

Pramaan Desk · 7 Oct 2026

• policy• pramaan desk

News

Karnataka changed how beer is taxed. Sales jumped.

A May tax redesign tied excise more closely to alcohol content. By September, beer sales were up more than 40% and the state still collected more tax. Other states are watching.

Pramaan Desk · 7 Oct 2026

• policy• pramaan desk

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