US Declines To Join Saudi Offensive Against Houthis : Axios

ICICI LIFE:

CO APPOINTS SIDHARATHA MISHRA AS MD, CEO FOR 5 YRS; ANUP BAGCHI TO STEP DOWN AS MD, CEO OF ICICI LIFE EFFECTIVE OCT 13

L&T:

CO DEPUTY MD SAYS CO IN TALKS TO SELL MINORITY STAKE IN CLEAN ENERGY UNIT TO JAPAN’S ITOCHU

SHIPPING CORPORATION OF INDIA:

CO TARGETS ₹2,000 CRORE FY27 PROFIT, PLANS FLEET EXPANSION

PHARMA, EV AND OTHER INDUSTRIES SEEK GST RELIEF TO UNLOCK ACCUMULATED INPUT TAX CREDIT

DRUG PANEL REJECTS NATIONAL CAP ON WHOLESALE LICENCES, CALLS FOR STRICTER STATE-LEVEL MONITORING

RELIANCE INDUSTRIES:

CO PLANS ₹1 LAKH CRORE CBG INVESTMENT IN ANDHRA PRADESH, TARGETING 3 LAKH JOBS

UPDATE ON BANKING SECTOR:

LOANS AGAINST FDS SURGE 43% TO ₹2.04 LAKH CRORE AS FCNR(B)-LINKED LEVERAGE FUELS BORROWING

M&M FINANCIAL SERVICES – Q2 FY27 BUSINESS UPDATE

• Q2 FY27 disbursements estimated at ₹16,490 Cr, up ~22% YoY.

• H1 FY27 disbursements estimated at ₹32,050 Cr, up ~22% YoY.

• Business Assets stood at ~₹1,46,300 Cr, up ~15% YoY.

• Collection Efficiency estimated at 97% vs 96% in Q2 FY26.

• Stage-3 estimated at 3.35–3.45% vs 3.94% in September 2025.

• Stage-2 estimated at 4.7–4.8% vs 5.8% in September 2025.

• Liquidity position remains comfortable with ₹16,200+ Cr liquidity chest.

Persistent Systems Ltd : EQUITY SHARE ALLOTMENT TO ESOP TRUST

• Allotment of 4,00,000 equity shares to PSPL ESOP Management Trust

• Allotment price of ₹5 per equity share

• Total consideration of ₹20 Lakh

• Allotment approved by the Stakeholders Relationship and ESG Committee on October 2, 2026

BREAKING: Trump admin has revoked 250,000+ visas — most of any administration in history, per State Dept

Granules India Ltd-$ : INCORPORATION OF WHOLLY OWNED FOREIGN SUBSIDIARY

• Company incorporated a wholly owned foreign subsidiary named TRITON FARMACEUTICA DO BRASIL LTDA

• The new subsidiary is located in Brazil

Vedanta Power Ltd : Q2 PRODUCTION RELEASE

• Q2 sales rose 26% YoY to 5,593 million units

• H1 sales reached 10,817 million units, up 32% YoY

• Meenakshi Energy Ltd. Q2 sales rose 111% YoY to 1,470 million units

• Jharsuguda Thermal Plant Q2 sales increased 186% YoY to 873 million units

• Jharsuguda Thermal Plant availability factor improved to 98% in Q2 FY27 from 43% in Q2 FY26

• Sakti Thermal Plant remains temporarily shut down following a boiler incident on April 14, 2026

Vedanta Power – Q2 FY27 Production Update

• Power Sales: 5,593 MU | YoY +26% | QoQ +7%

• H1 Power Sales: 10,817 MU | YoY +32%

• Meenakshi Energy: 1,470 MU | YoY +111% | QoQ +9%

• Jharsuguda Thermal: 873 MU | YoY +186% | QoQ +27%

• Talwandi Sabo: 2,945 MU | YoY +6% | QoQ +8%

• Sakti Thermal: 305 MU | YoY -53% | QoQ -34%

• Jharsuguda Plant Availability: 98% vs 43% YoY

Q2 FY27 ended September 30, 2026. Vedanta Power was demerged from Vedanta Ltd in Q1 FY27; comparisons should be viewed accordingly.

Canara Bank – Outstanding Bonds Update

• Total Outstanding Bonds: ₹53,445 Cr

• Bonds Outstanding: 17

• Latest Issue: ₹2,042 Cr | Coupon 8.10% | Maturity 18 Sep 2031

• ₹10,000 Cr Bond: Coupon 7.40% | Maturity 19 Jul 2034 | AAA/Stable

• ₹5,000 Cr Bond: Coupon 7.68% | Maturity 29 Nov 2033 | AAA/Stable

• ₹5,000 Cr Bond: Coupon 7.54% | Maturity 27 Sep 2033 | AAA/Stable

• Ratings across outstanding bonds range from AA+/Stable to AAA/Stable.

FIRE & LARGE PLUME OF SMOKE REPORTED NEAR ARAMCO FACILITY IN RIYADH;

NO IMMEDIATE CONFIRMATION FROM SAUDI AUTHORITIES OR ARAMCO

U.S. TREASURY SECRETARY BESSENT SAYS ON ELON MUSK THAT 'I AM A HUGE ELON FAN' AND WAS 'VERY SUPPORTIVE' OF WHAT HE WAS TRYING TO DO WITH GOVERNMENT, LIKENING THEM TO 'A SPORTS TEAM' THAT 'CAN HAVE AN ARGUMENT IN THE LOCKER ROOM, BUT YOU GO OUT IN THE FIELD TOGETHER', CALLING HIM 'AMAZING' AND NOTING 'HE'S TAKING US TO MARS'. - AXIOS

U.S. TREASURY SECRETARY BESSENT SAYS ON IRAN THAT 'FOR THE FIRST TIME IN HISTORY, SINCE THEY STARTED PUMPING OIL, THEY WILL HAVE NO OIL ON THE WATER THIS WEEK', ADDING 'THEY WILL HAVE NO REVENUES' - AXIOS

JUST IN: President Trump says "i never get tired — if I got tired, it would be a big story, I can tell you that"

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