SHIPPING CORPORATION OF INDIA:
CO TARGETS βΉ2,000 CRORE FY27 PROFIT, PLANS FLEET EXPANSION
CO TARGETS βΉ2,000 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 βΉ1 LAKH CRORE CBG INVESTMENT IN ANDHRA PRADESH, TARGETING 3 LAKH JOBS
CO PLANS βΉ1 LAKH CRORE CBG INVESTMENT IN ANDHRA PRADESH, TARGETING 3 LAKH JOBS
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UPDATE ON BANKING SECTOR:
LOANS AGAINST FDS SURGE 43% TO βΉ2.04 LAKH CRORE AS FCNR(B)-LINKED LEVERAGE FUELS BORROWING
LOANS AGAINST FDS SURGE 43% TO βΉ2.04 LAKH CRORE AS FCNR(B)-LINKED LEVERAGE FUELS BORROWING
M&M FINANCIAL SERVICES β Q2 FY27 BUSINESS UPDATE
β’ Q2 FY27 disbursements estimated at βΉ16,490 Cr, up ~22% YoY.
β’ H1 FY27 disbursements estimated at βΉ32,050 Cr, up ~22% YoY.
β’ Business Assets stood at ~βΉ1,46,300 Cr, up ~15% YoY.
β’ Collection Efficiency estimated at 97% vs 96% in Q2 FY26.
β’ Stage-3 estimated at 3.35β3.45% vs 3.94% in September 2025.
β’ Stage-2 estimated at 4.7β4.8% vs 5.8% in September 2025.
β’ Liquidity position remains comfortable with βΉ16,200+ Cr liquidity chest.
β’ Q2 FY27 disbursements estimated at βΉ16,490 Cr, up ~22% YoY.
β’ H1 FY27 disbursements estimated at βΉ32,050 Cr, up ~22% YoY.
β’ Business Assets stood at ~βΉ1,46,300 Cr, up ~15% YoY.
β’ Collection Efficiency estimated at 97% vs 96% in Q2 FY26.
β’ Stage-3 estimated at 3.35β3.45% vs 3.94% in September 2025.
β’ Stage-2 estimated at 4.7β4.8% vs 5.8% in September 2025.
β’ Liquidity position remains comfortable with βΉ16,200+ Cr liquidity chest.
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Persistent Systems Ltd : EQUITY SHARE ALLOTMENT TO ESOP TRUST
β’ Allotment of 4,00,000 equity shares to PSPL ESOP Management Trust
β’ Allotment price of βΉ5 per equity share
β’ Total consideration of βΉ20 Lakh
β’ Allotment approved by the Stakeholders Relationship and ESG Committee on October 2, 2026
β’ Allotment of 4,00,000 equity shares to PSPL ESOP Management Trust
β’ Allotment price of βΉ5 per equity share
β’ Total consideration of βΉ20 Lakh
β’ Allotment approved by the Stakeholders Relationship and ESG Committee on October 2, 2026
BREAKING: Trump admin has revoked 250,000+ visas β most of any administration in history, per State Dept
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Granules India Ltd-$ : INCORPORATION OF WHOLLY OWNED FOREIGN SUBSIDIARY
β’ Company incorporated a wholly owned foreign subsidiary named TRITON FARMACEUTICA DO BRASIL LTDA
β’ The new subsidiary is located in Brazil
β’ Company incorporated a wholly owned foreign subsidiary named TRITON FARMACEUTICA DO BRASIL LTDA
β’ The new subsidiary is located in Brazil
Vedanta Power Ltd : Q2 PRODUCTION RELEASE
β’ Q2 sales rose 26% YoY to 5,593 million units
β’ H1 sales reached 10,817 million units, up 32% YoY
β’ Meenakshi Energy Ltd. Q2 sales rose 111% YoY to 1,470 million units
β’ Jharsuguda Thermal Plant Q2 sales increased 186% YoY to 873 million units
β’ Jharsuguda Thermal Plant availability factor improved to 98% in Q2 FY27 from 43% in Q2 FY26
β’ Sakti Thermal Plant remains temporarily shut down following a boiler incident on April 14, 2026
β’ Q2 sales rose 26% YoY to 5,593 million units
β’ H1 sales reached 10,817 million units, up 32% YoY
β’ Meenakshi Energy Ltd. Q2 sales rose 111% YoY to 1,470 million units
β’ Jharsuguda Thermal Plant Q2 sales increased 186% YoY to 873 million units
β’ Jharsuguda Thermal Plant availability factor improved to 98% in Q2 FY27 from 43% in Q2 FY26
β’ Sakti Thermal Plant remains temporarily shut down following a boiler incident on April 14, 2026
Vedanta Power β Q2 FY27 Production Update
β’ Power Sales: 5,593 MU | YoY +26% | QoQ +7%
β’ H1 Power Sales: 10,817 MU | YoY +32%
β’ Meenakshi Energy: 1,470 MU | YoY +111% | QoQ +9%
β’ Jharsuguda Thermal: 873 MU | YoY +186% | QoQ +27%
β’ Talwandi Sabo: 2,945 MU | YoY +6% | QoQ +8%
β’ Sakti Thermal: 305 MU | YoY -53% | QoQ -34%
β’ 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.
β’ Power Sales: 5,593 MU | YoY +26% | QoQ +7%
β’ H1 Power Sales: 10,817 MU | YoY +32%
β’ Meenakshi Energy: 1,470 MU | YoY +111% | QoQ +9%
β’ Jharsuguda Thermal: 873 MU | YoY +186% | QoQ +27%
β’ Talwandi Sabo: 2,945 MU | YoY +6% | QoQ +8%
β’ Sakti Thermal: 305 MU | YoY -53% | QoQ -34%
β’ 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.
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Canara Bank β Outstanding Bonds Update
β’ Total Outstanding Bonds: βΉ53,445 Cr
β’ Bonds Outstanding: 17
β’ Latest Issue: βΉ2,042 Cr | Coupon 8.10% | Maturity 18 Sep 2031
β’ βΉ10,000 Cr Bond: Coupon 7.40% | Maturity 19 Jul 2034 | AAA/Stable
β’ βΉ5,000 Cr Bond: Coupon 7.68% | Maturity 29 Nov 2033 | AAA/Stable
β’ βΉ5,000 Cr Bond: Coupon 7.54% | Maturity 27 Sep 2033 | AAA/Stable
β’ Ratings across outstanding bonds range from AA+/Stable to AAA/Stable.
β’ Total Outstanding Bonds: βΉ53,445 Cr
β’ Bonds Outstanding: 17
β’ Latest Issue: βΉ2,042 Cr | Coupon 8.10% | Maturity 18 Sep 2031
β’ βΉ10,000 Cr Bond: Coupon 7.40% | Maturity 19 Jul 2034 | AAA/Stable
β’ βΉ5,000 Cr Bond: Coupon 7.68% | Maturity 29 Nov 2033 | AAA/Stable
β’ βΉ5,000 Cr Bond: Coupon 7.54% | Maturity 27 Sep 2033 | AAA/Stable
β’ 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
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
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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
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JUST IN: President Trump says "i never get tired β if I got tired, it would be a big story, I can tell you that"
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Trump: βIf the Republicans win,β each of you will have $5,000
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JUST IN: President Trump says administration will send "nearly $100" checks to over 20M seniors to help cover Medicare Part B premiums
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MUMBAI AIRPORT T1 REDEVELOPMENT
ADANI AIRPORTS SAYS
91% of Mumbai airport passenger traffic to remain unaffected; only 5 mn of 55 55 mppa to be temporarily deoperationalised
T1 redevelopment to be phased; work to begin in January 2027
Airlines given option to temporarily shift operations to Navi Mumbai
Navi Mumbai airport has capacity & infrastructure to handle additional traffic
Navi Mumbai airport offers 100% landing fee discount for new international flights
Cash vouchers planned for international passengers to offset UDF difference
T1 closure & phased demolition can no longer be deferred due to safety concerns
Extensive consultations with airlines on T1 underway since 2020
T1 redevelopment plan presented to AERA & incorporated into approved tariff framework
ADANI AIRPORTS SAYS
91% of Mumbai airport passenger traffic to remain unaffected; only 5 mn of 55 55 mppa to be temporarily deoperationalised
T1 redevelopment to be phased; work to begin in January 2027
Airlines given option to temporarily shift operations to Navi Mumbai
Navi Mumbai airport has capacity & infrastructure to handle additional traffic
Navi Mumbai airport offers 100% landing fee discount for new international flights
Cash vouchers planned for international passengers to offset UDF difference
T1 closure & phased demolition can no longer be deferred due to safety concerns
Extensive consultations with airlines on T1 underway since 2020
T1 redevelopment plan presented to AERA & incorporated into approved tariff framework
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Kim Jong Un directs missile test as North Korea showcases military capability: KCNA
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