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South Indian Bank Q2 net profit rose 21 per cent to ₹426 crore for FY27. The lender saw its highest-ever net interest income of ₹1,116 crore. Managing Director Mahesh Muralidhar Pai said, "Aligned with our strategic intent of 'Profitability through Quality Credit Growth', we have successfully on-boarded new advances with low-risk profiles."
RPG Enterprises Chairman Harsh Goenka shared a hypothetical thought experiment regarding Tata Sons. He said, "Tata Sons pays a dividend of around Rs 4,475 crore a year." Goenka suggested that selling their Rs 11.68 lakh crore listed equity portfolio to invest in safe instruments could generate Rs 82,000 crore for philanthropy.
Air India will start non-stop flights between New Delhi and Osaka from February 2, 2027. The airline will use Boeing 787-8 aircraft for this service four times a week. This new route offers direct access to western Japan, making it easier for many travellers to visit Kyoto and other popular cities.
Ghaziabad entrepreneur Krishna Grover built Herald E-Bike, a company now earning Rs 1.5 crore monthly. Grover started his career in 2005 with a Rs 3,500 salary. He later left his corporate job and used his wife’s savings to start the venture, which now operates 34 models and 550 active showrooms.
Canara Bank has a corporate loan pipeline totaling Rs 47,000 crore amid rising demand from Indian companies. Managing director Brajesh Kumar Singh said, "We have a sanctioned corporate loans pool of Rs 30000 crore and proposals worth Rs 17000 crore." The bank expects credit growth to stay above 19% this quarter.
Trevoc plans to invest between ₹800–1,000 crore over the next three years to expand into tier-2 cities. The developer is evaluating Sonipat and Panipat for integrated townships. Managing Director Sehaj Chawla said, “Our focus remains on thoughtful planning, the right mix of spaces and consistent execution,” to create lasting value.
HTEC launched The HTEC AI Value Realization Report 2026 today, showing AI investment is surging. While 79% of organizations increased spending, many struggle to prove its value. Alex Rumble said, "The challenge is no longer simply getting access to AI. It is proving that investment is translating into meaningful business outcomes."
Canadian AI lab Cohere said on Thursday it signed a letter of intent to buy cybersecurity startup AISLE. The deal aims to boost threat detection for enterprise clients. Cohere said, "Increasingly capable AI systems are transforming both cybersecurity and the threats organizations face." This move follows their $20 billion merger.
Bhumika Group plans to invest Rs 450 crore for land acquisition in Faridabad by March 2027. This follows a Rs 550 crore investment made over the past year. The company is expanding across residential and mixed-use projects, aiming to push its total land investment in the city beyond Rs 1,000 crore.
Governments are raising funds outside dollar-denominated bonds as competition for capital grows. Citi’s Stephanie von Friedeburg said on Thursday, "T limited pool of capital, and for the first time in many years, the public-sector sovereigns and the private corporates are competing for that capital." Many now use local currencies.
Nestle India reported a 20% revenue rise to 67.88 billion rupees for the September quarter, but shares fell 7.5% amid inflation worries. Chairman Manish Tiwary said, "Rising inflation, particularly food inflation, is a reality." The company now faces a challenging environment as higher commodity costs continue to pressure their business margins.
The Delhi High Court refused to let PepsiCo use the "energy drink" label on its products after the FSSAI banned the term in June. PepsiCo lawyer Sandeep Sethi said, "There will be no goods in the market after a couple of months." The next court hearing is October 30.