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JSW Steel net profit jumped 225 per cent to ₹5,359 crore in the second quarter. The company said sales volume reached 7.46 million tonnes, up 13 per cent year-on-year. Stronger realisations and higher sales helped the firm grow. Meanwhile, the board approved a 5 mt expansion at the Vijaynagar plant by FY31.
Commerce minister Piyush Goyal said German companies now view India as a key partner rather than just a market. These firms are exploring investments in aerospace, defence, and healthcare. German businesses already announced $7.4 billion in investments. This shift shows how European firms use India to diversify their global supply chains.
ICRA kept eMudhra’s credit ratings unchanged on October 23 after a security lapse. While the firm exited its global certificate business, ICRA warned of potential reputational damage and regulatory scrutiny. Co-founder Kaushik Srinivasan said the lapse was a “one-off incident.” The company remains financially stable despite these ongoing business challenges.
South Africa is moving towards a ₹5,400 crore takeover of ArcelorMittal South Africa. The state-owned Industrial Development Corporation reached an initial agreement to buy the struggling steelmaker. The deal includes ₹1,620 crore in cash and ₹3,780 crore in debt. Both parties aim to complete this transaction before the end of 2026.
Indian Railways started special trains between Hubballi-Khatipura and Mysuru-Darbhanga to manage festive travel. The Hubballi-Khatipura service runs from October 31 to December 5, 2026. Meanwhile, the Mysuru-Darbhanga trains operate from October 27 to November 28, 2026. These services offer many coaches to help passengers reach their destinations during the busy season.
Gold and silver prices fell across major Indian cities on 24 October 2026. In Mumbai, 24-karat gold cost ₹1,42,230 per 10 grams, while Delhi saw rates at ₹1,41,990. Silver 999 Fine prices in Mumbai reached ₹1,96,210 per kg. Many global factors pushed these metal prices down during the week.
Britain’s government set out $800 million on Saturday to boost AI security. Much of this funding supports a new biosecurity lab to detect biological threats. AI minister Kanishka Narayan said the lab aims at "bringing together world-leading scientific expertise to protect people from emerging biological threats" using advanced technology.
The 8th central pay commission is currently gathering inputs from employees and pensioners before making final recommendations in May next year. The panel, led by Justice Ranjana Prakash Desai, will examine pay and allowance structures. Many unions now want a DA merger, as the component reached 60 percent recently.
Startups secured fresh capital during the week of October 25. Blacksmith led with $66 million, while The Pant Project got Rs 109 crore. CureBay, AuxoAI, Firstwork, Chapter Home, and Hunar.AI also raised funds. These companies said they will use the money to grow their teams, technology, and store networks.
The Centre formed a committee to review rules against pharma gifts and perks for doctors. The panel will examine unethical marketing practices and suggest ways to improve transparency. "The committee will undertake a comprehensive examination of issues relating to unethical pharmaceutical marketing practices and make recommendations," the DoP said Friday.
Prime Minister Narendra Modi often meets global CEOs to boost industrial growth. History shows this trend started earlier. In June 1985, Rajiv Gandhi visited the US and persuaded Texas Instruments to set up a unit in Bengaluru. He also pushed GE to buy Indian software, helping many local tech firms grow.
Festive shopping in 2026 brings seven credit cards offering up to 10% cashback on online purchases. Experts suggest checking fees and reward structures before choosing. Siddharth Mehta said, "There is no point signing up for a card only because it offers a great festive discount if the spending conditions do not work."