Corporate Updates
- Dredging Corporation of India: PM announces ₹4,000 cr modernisation plan under four major ports; 11 new dredgers to be procured, including three TSHDs.
- Zaggle Prepaid: Signed 3-year domestic services pact with Hitachi Cash Management for its Propel platform.
- Allcargo Logistics: NCLT-approved amalgamation of Allcargo Gati and group entities effective from 1st Nov 2025.
- Artson Ltd: Formed JV with Malabar Cements for maritime and engineering projects in Kochi.
- Urban Company: To set up ₹3 cr wholly owned subsidiary in UAE for trading; also voluntarily winding up Saudi unit post operational transfer.
- DCM Ltd: Terminated Hisar project JDA with MS GCD Prime over delays; developer’s payment to be forfeited.
- ICICI Bank: Received RBI nod allowing ADS holders to exercise voting rights on deposited securities.
- Responsive Industries: Minor fire at Boisar plant, no injury or business impact.
Expansion & Capex
- Inflame Appliances: Investing ₹10 cr to expand Panchkula facility with automated assembly lines for new product lines.
- Avro India: Commissioned one of India’s largest washing lines; commercial production to begin early Nov 2025.
Results Highlights
- Andhra Petrochemicals: Q2 net profit at ₹2.14 cr vs ₹3.62 cr loss YoY; revenue up 61% YoY to ₹168 cr.
- Urban Company: Q2 adjusted EBITDA loss ₹35 cr due to investments in new initiatives; India operations remain profitable.
- Fabtech Technologies: Reported stellar H1FY26 performance; total income up 109.9% YoY to ₹193.2 cr, EBITDA surged 2,678% YoY to ₹28.4 cr, and PAT doubled 101.6% YoY to ₹22 cr.
Management Change
- Coal India: Sanoj Kumar Jha appointed CMD (Addl. Charge) effective 1st Nov 2025, succeeding P.M. Prasad.
Auto Sector Updates
- TVS Motor: Posted record monthly sales of 5.43 lakh units in Oct 2025, up 11% YoY.
- Tata Motors: All-time high PV sales of 61,295 units, up 27% YoY; EV sales surged 73% YoY.
- Ashok Leyland: Oct sales up 16% YoY to 17,820 units; strong growth in M&HCV and LCV segments.
- Hyundai Motor India: Oct sales at 69,894 units, with exports up 11% YoY; Creta and Venue sold 30,119 units.
- Maruti Suzuki: Reported highest-ever monthly sales of 2.2 lakh units, up 7% YoY, led by festive demand.
Commodities & Energy
- Gas Pricing: India reduced domestic natural gas price by 6% MoM to $6.55/MMBTU for Nov 2025.
- GST Collection: Oct GST collections rose 4.6% YoY to ₹1.95 lakh cr — first full-month data post rate cut.
Agro & Equipment
- VST Tillers: Oct sales up 89% YoY to 4,664 units; power tiller segment surged 129% YoY.
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