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ITC Q2 profit rises 3% to ₹5,126 crore

Financial Express Mumbai

|

October 31, 2025

CIGARETTE-TO-FMCG major ITC on Thursday reported a year-on-year growth of nearly 3% in its consolidated profit for the September quarter at ₹5,187 crore, but revenue declined 1.3% yo-y to §21,256 crore amid GST transition issues.

- VIVEAT SUSAN PINTO Mumbai, October 30

The mixed show notwithstanding, the company beat Street estimates on both profit and revenue, which were forecast at %5,080 crore and 219,774 crore, respectively, for Q2.

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Honda’s India push: 10 new cars by ’30

Honda Motor Co. President, CEO & Representative Director Toshihiro Mibe has unveiled an ambitious strategy for the Indian market, signalling a major shift in the company’s global priorities.

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2 mins

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Financial Express Mumbai

Air India seeks ₹10K cr from owners for system upgrade

UNPROFITABLE AIR INDIA is seeking at least ₹10,000 crore ($1.1 billion) in financial support from its owners Tata Sons and Singapore Airlines, said people familiar with the matter, as the airline grapples with the aftermath of a deadly plane crash among other challenges.

time to read

1 min

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RBI's short forward book expands after seven months

THE RESERVE BANK of India (RBI)’s dollar short forward positions rose $6 billion to $59.4 billion in September — up 11% on month, according to data released on Friday. This is the first time in seven months the RBI’s position in the short forward market has increased.

time to read

1 mins

November 01, 2025

Financial Express Mumbai

Bank of Baroda profit declines 8% to ₹4,809 cr

BANK OF BARODA (BOB) on Friday reported an 8% fall in net profit to 4,809 crore for the September quarter, compared with %5,238 crore in the yearago period, because of a 32% decline in non-interest income.

time to read

1 min

November 01, 2025

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Vedanta PAT dips 38% to ₹3,479 cr on write-offs

MINING MAJOR VEDANTA posted a 38% decline in net profit year-on-year forthe quarter ended September 30 on the back of an exceptional loss of 1,547 crore on account of write-offs and settlement expenses at its Talwandi Sabo Power plant.

time to read

1 mins

November 01, 2025

Financial Express Mumbai

CBIC issues rules allowing voluntary correction of customs entries

THE CENTRAL BOARD of Indirect Taxes and Customs (CBIC) has rolled out a set of trade facilitation reforms including a voluntary post-clearance revision mechanism for importers and exporters to strengthen data integrity and transparency in cross-border trade.

time to read

1 min

November 01, 2025

Financial Express Mumbai

Sebi move helps Nifty PSU Bank hit lifetime high

THE NIFTY PSU Bank index closed at its all-time high of 8,184.35 points on Friday after the Securities & Exchange Board of India (Sebi) issued a circular to implement its eligibility criteria for derivatives trading in non-benchmark indices. Intraday, the index touched 8272.30 points.

time to read

1 min

November 01, 2025

Financial Express Mumbai

Credit growth to industry slows

THE GROWTH IN bank credit toindustry moderated to 7.3% in September, compared with 8.9% in the corresponding period last year, according to Reserve Bank of India (RBI) data released on Friday.

time to read

1 min

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Financial Express Mumbai

Forex reserves fall $6.9 billion to $695 billion

FOREX RESERVES DROPPED by $6.925 billion to $695.355 billion during the week ended October 24, the RBI said on Friday.

time to read

1 min

November 01, 2025

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