nanika Editor

Godrej Properties Ltd (GPL) reported its financial and operational performance for the second quarter of fiscal year 2027 (Q2FY27), revealing a mixed picture of declining short-term headline profits alongside robust operational growth. The company registered a 62 percent year-on-year decline in its consolidated net profit, dropping to ₹154 crore compared to ₹405 crore in Q2FY26. Similarly, its earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 72 percent to ₹171 crore down from ₹614 crore in the corresponding period of the previous year. Despite the contraction in quarterly profits and EBITDA, GPL experienced a solid 38 percent increase in total…

India’s private sector activity experienced a robust acceleration in October, expanding at its fastest pace in four months driven by a noticeable recovery in new business demand and stronger momentum across services output. According to the latest HSBC Flash India Composite Output Index, which measures combined activity across both the manufacturing and services sectors, the private sector output index climbed to 56.7 in October from 55.9 in September. This marked the strongest growth reading recorded since June, continuing an impressive streak where the overall composite index has stayed above the critical 50-point expansion threshold for 63 consecutive months. A breakdown…

Indian asset managers Kotak Mahindra Asset Management Co. and Nippon Life India Asset Management Ltd. have temporarily suspended fresh inflows into specific debt and retirement funds in response to a landmark Supreme Court ruling that overturned the permanent write-off of Yes Bank Ltd.’s Additional Tier 1 bonds from a 2020 government-backed rescue. The apex court's decision revived ₹8,415 crore worth of riskier debt instruments that had previously been marked down to zero, triggering expectations of a substantial market valuation increase and potential windfall profits for investors holding the instruments. Because these funds currently carry the impacted bonds at zero value,…

The share price of FMCG major Nestle India experienced a sharp and sudden downturn during midday trading on the National Stock Exchange following the official announcement of its second-quarter financial results for the period ended September 2026, with the stock initially crashing by 9 percent to hit an intraday low of ₹1,260 before subsequently recovering some of its lost ground to trade 4 percent lower at ₹1,329 by 12:55 PM, accompanied by a heavy trading volume of approximately 54.10 lakh shares changing hands on the exchange while the broader Nifty 50 benchmark index traded higher by 1.7 percent at 23,015…

India’s top food safety regulator, the Food Safety and Standards Authority of India (FSSAI), is preparing to implement tighter rules for quick-delivery online platforms, including Blinkit, Swiggy Instamart, and Amazon Now, as part of an intensified nationwide crackdown on unsafe practices across the world’s largest consumer market. According to FSSAI Chief Executive Officer Rajit Punhani, e-commerce represents the next major focus area for accountability, with upcoming regulations expected to mandate the clear display of manufacturing dates, expiry dates, and batch numbers on all online food listings. Platforms will also be held responsible for misleading manufacturer claims, while dark kitchens and…

Tata Consultancy Services (TCS) has maintained that the United States government’s decision to suspend its participation in the Permanent Labour Certification (PERM) programme will not disrupt its customer engagements or workforce strategies, supported by a plan to recruit 15,000 new employees in the US over the next five years. The announcement follows a broader crackdown by the Trump administration against skilled-worker immigration programmes, announced jointly by US Vice President JD Vance and Labor Secretary Keith Sonderling, which also targets major technology firms such as Infosys, Wipro, HCLTech, Cognizant, Capgemini, Microsoft, and Adobe over alleged misuse of the H-1B visa system…

Amazon has eliminated approximately 1,000 white-collar positions primarily within its core Stores division, impacting employees across India, the United States, and the Kingdom as part of ongoing corporate restructuring during its Prime Big Deal Days shopping event. Internal Slack records indicate that customer service and selling partner services bore the brunt of these reductions, which follow an expansive wave of over 30,000 layoffs initiated last year and stretching into January. Founder and executive chairman Jeff Bezos attributed those earlier structural downsizing decisions to overzealous headcount expansion during the frantic, high-demand Covid-19 pandemic era when homebound consumers overwhelmingly relied on e-commerce…

Raymond Realty reported a sharp improvement in operating performance during the second quarter of FY27, with pre-sales nearly doubling year-on-year to ₹902 crore, up 98 per cent from the year-earlier period. Collections also recorded strong growth, rising 67 per cent to ₹682 crore, according to the company’s provisional operational update. The performance came despite the absence of any new project launches during the quarter, with sales driven by the existing Address by GS portfolio and steady price realisation. For the first half of FY27, Raymond Realty’s pre-sales climbed 111 per cent year-on-year to ₹1,602 crore, compared with ₹760 crore in…