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The 57th GST Council meet focuses on process reforms to boost business confidence. The council proposed changes to refunds under the inverted duty structure to improve working-capital efficiency. These steps help sectors like textiles and pharmaceuticals. By easing input tax credit restrictions, the government aims to support growth and exports.
Poonawalla Fincorp reported a 406.8% surge in Q2FY27 net profit to Rs 375 crore. The company saw net interest income jump 80.6% to Rs 1,380 crore. Managing director Arvind Kapil said, "We have delivered disciplined AUM expansion while enriching total realizations." The firm also expanded its gold loan network to 550 branches.
The Port of Los Angeles handled over one million TEUs in September, setting a new record. Executive Director Gene Seroka said, "Tariffs are lower than the levels we saw earlier this year and last, giving importers more certainty on costs." Holiday goods and ship rerouting helped drive this massive surge.
The 8th Pay Commission panel held a meeting in Bengaluru on 8 October to discuss salary revisions. Since its start on 3 November 2025, the panel met across India. Unions now want a higher fitment factor because the Dearness Allowance rose from 46% in July 2023 to 60% in January 2026.
Shares of Tata Motors CV will be in focus on Monday, October 12, after the company increased its offer price for the Iveco deal. The price rose to €14.40 from €14.10 due to completion delays. This final offer pushes the total transaction value to €3.9 billion before the October 26 deadline.
The Indian rupee is poised to rally at Monday's open after the Reserve Bank of India stepped up efforts to curb dollar demand. The rupee is expected to strengthen to 95.60-95.90 per dollar. New rules for foreign-exchange contracts will likely raise hedging costs and trigger swings in forward premiums.
Finance Minister Nirmala Sitharaman held meetings with global financial leaders in Singapore on Sunday. She invited them to boost investments in India across sectors like infrastructure, renewable energy, and artificial intelligence. Sitharaman encouraged these firms to use the GIFT IFSC and NIIF platforms to strengthen their presence in India.
Today is the last day for investors to buy Ola Electric shares to qualify for the company’s Rs 1,000 crore rights issue. The firm fixed October 13 as the record date. Shareholders can buy new shares at Rs 27 each, which is cheaper than the recent market price of Rs 35.13.
The Indian rupee rose 97 paise to 95.76 against the US dollar on Monday, October 12. The Reserve Bank of India started new measures to curb dollar demand and stop speculative activity. Mitul Kotecha said the RBI moved from signalling weakness to directly restraining dollar demand and speculative activity in markets.
Avenue Supermarts, Canara Robeco AMC, Anand Rathi Wealth, Poonawalla Fincorp, Kalpataru, Lenskart, KEC International, Viviana Power Tech, Bajel Projects, and Shilpa Medicare will be in focus on October 12, 2026. Investors are watching these companies closely as the market opens today. Many traders use these lists to track potential stock movements.
The Reserve Bank of India introduced new measures on October 12 to curb corporate hedging and support the falling rupee. These rules make it costlier for firms to protect against currency weakness. A foreign exchange salesperson said, "Bankers burnt midnight oil after the measures, similar to how the RBI did."
TCS MD and CEO K Krithivasan expects industrial demand to recover soon. He said, "We expect industrial to recover as there are no structural issues." While retail faces pressure from inflation, the company saw strong growth in banking and technology services. TCS also crossed the three billion dollar annualised AI revenue.