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Godrej Properties Ltd plans to launch projects worth ₹32,000 crore in the second half of FY27. The developer reported a 62% drop in net profit to ₹154 crore for the September quarter. Despite this, they remain confident, as Pirojsha Godrej said, "Our launch pipeline has never been stronger."
The Oil Ministry released guidelines for the Samudra Manthan scheme on October 23, 2026, to boost offshore oil exploration. The government will partially underwrite drilling risks while operators keep full operational control. Oil Secretary Neeraj Mittal said, "every drilling decision is better informed and every rupee of exploration capital is better directed."
JK Tyre & Industries Ltd plans to hike tyre prices by 4-5% in the current October-December quarter. Managing Director Anshuman Singhania said, "We intend to increase prices in the third quarter in the range of 4-5 per cent." The company aims to offset rising raw material and container freight costs.
Outward remittances under the Liberalised Remittance Scheme rose 3.6% to $2.74 billion in August 2026. RBI data showed that overseas investment helped drive this growth. While travel spending stayed steady, money sent for equity and debt investments jumped significantly. Meanwhile, remittances for overseas education fell by 39.9% during the month.
Sagarmala Finance Corporation Limited aims for Rs 60,205 crore in cumulative disbursements by 2031. The company has sanctioned Rs 11,563 crore, with Rs 5,107 crore disbursed as of September-end. Union Shipping Minister Sarbananda Sonowal said SMFCL is "playing a pivotal role in mobilising long-term finance for port-led development, enhancing shipbuilding and coastal connectivity."
Madhya Pradesh received investment proposals worth ₹5,800 crore in the semiconductor and technology sectors at a summit in Indore on Friday. Chief Minister Mohan Yadav said the proposals could create more than 10,000 jobs. The state also issued letters of intent for land allocation to five other major companies.
US business activity slowed in October as the S&P Global Composite PMI Output Index showed a slight cooling. Despite this, strong demand helped firms raise prices. New orders rose while the services sector grew. Manufacturing employment also got a boost, though experts said, "inflation concerns remain due to ongoing supply chain issues."
RBI Governor Sanjay Malhotra on Friday justified the classification of Tata Sons as an upper-layer NBFC. He said large firms handling public funds must follow listing norms due to systemic risks. "The funds of the public, whether it is through corporate bonds, banks and other means, that is at risk."
Microsoft, MeitY Startup Hub, and 1M1B launched a Green Skills and Applied AI Centre in Hyderabad on Friday. The centre will help science graduates get jobs in green energy and pharma. Local companies will provide internships and mentoring to help students use new technology in the growing green economy sector.
Bank of India expects its net interest margin to improve to 2.55% in the second half of FY27. MD and CEO Rajneesh Karnatak said, “The day the RBI increased the interest rate, we raised our lending rates in line with our policy.” Higher lending yields helped the bank’s positive outlook.
US equity funds attracted inflows for a second consecutive week in the seven days to October 21. Investors bought $5.07 billion as easing Treasury yields and strong corporate earnings helped sentiment. However, caution over artificial intelligence trade capped purchases. Meanwhile, US bond funds saw outflows, ending a long 26-week buying streak.
SLB beat profit estimates for the quarter ended September 30, reporting $9.45 billion in revenue. Strong demand in North America helped the company, while activity in the Middle East showed signs of a rebound. CEO Olivier Le Peuch said, "we see a very compelling outlook for 2027, with further upside."