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BusinessIndian tobacco companies ITC, Godfrey Phillips India, and VST Industries faced margin pressure in Q1 FY27 due to a new tax regime replacing the previous 28% GST plus variable cess with a uniform 40% GST and higher excise duties. Analysts expect some margin recovery in Q2 FY27 as companies adjust prices to pass on higher taxes. ITC reported a double-digit net profit decline in Q1.
Mint Markets·
TechnologyHuawei and Qualcomm announced a multi-year patent licensing agreement covering 5G, AI, computing, and networking technologies, pending regulatory approvals. The deal includes cross-licensing of their patent portfolios and Qualcomm acquiring certain Huawei patents registered in the US. Huawei emphasized its 4G and 5G standards contributions, while Qualcomm highlighted its wireless technologies and 5G licensing program.
NDTV Tech·
EntertainmentBollywood actress Richa Chadha recently shared her views on the success of the film 'Hanuman Ansh'. She also stated that calling 2026 a big year for content-driven cinema would be premature at this point.
Amar Entertainment·
EntertainmentA fire broke out on the set of Nitesh Tiwari's highly anticipated film 'Ramayan' at Film City in Goregaon, Mumbai. Videos on social media showed flames and smoke, causing panic at the location. Film City Association President BN Tiwari confirmed no injuries. Authorities had issued a warning two days prior after a similar fire incident at Royal Palm. An investigation is underway to determine the cause and whether shooting was ongoing.
Prabhat Khabar··Mumbai
TechnologyIIT Palakkad’s Technology Innovation Foundation (TECHIN) will hold the SAMAGRA 2.0 Innovation Summit on October 29-30 at Hyatt Regency, Thiruvananthapuram. Chief Minister V.D. Satheesan will inaugurate the event, with Industries and IT Minister P.K. Kunhalikutty as guest of honour. The summit focuses on water, sanitation, medical, agriculture, food, and deep technologies, offering start-ups opportunities to meet investors, customers, and government agencies. IIT Palakkad’s research projects will also be showcased for industry collaboration and commercialization.
The Hindu··Thiruvananthapuram
HealthWall Street has invested $10 billion in Indian hospitals to expand infrastructure and care capacity, aiding private healthcare growth. However, this influx has led to rising treatment costs, with private hospital expenses far exceeding public healthcare. Insurers and hospitals are now in conflict over increasing medical inflation and patient coverage limits, raising concerns about affordability for patients.
TOI Business·
Mint Markets·
Indian tobacco companies ITC, Godfrey Phillips India, and VST Industries faced margin pressure in Q1 FY27 due to a new tax regime replacing the previous 28% GST plus variable cess with a uniform 40% GST and higher excise duties. Analysts expect some margin recovery in Q2 FY27 as companies adjust prices to pass on higher taxes. ITC reported a double-digit net profit decline in Q1.
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