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BusinessPhoto: Business Standard

HPCL Refinances ₹50,000 Crore Rajasthan Refinery Debt, Targets ₹1,000 Crore Savings

Hindustan Petroleum Corp. (HPCL) refinanced about ₹50,000 crore of debt for its Rajasthan refinery, reducing borrowing costs by 105 basis points. The move aims to save around ₹1,000 crore annually through broader financial restructuring. Effective October 3, the refinancing is expected to save ₹470-550 crore yearly. Additional equity and interest-free state support will further ease financing as operations ramp up.

Business Standard·

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BusinessPhoto: NDTV Business

SBI Cards Q2 Profit Rises 75% to Rs 778 Crore, Revenue Up 3%

SBI Cards and Payment Services Ltd. reported a 75% year-on-year increase in net profit to Rs 778 crore for Q2 FY27, driven by lower impairment losses and bad-debt expenses despite rising operating costs. Total income grew 3% to Rs 5,302 crore, supported by a 6% rise in fee and other income to Rs 2,630 crore and a 1% increase in interest income to Rs 2,511 crore.

NDTV Business·

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PoliticsPhoto: Times of India

Saudi Arabia Develops New Missile Complex Amid Houthi and Iran Concerns

Saudi Arabia is enhancing its missile production by building a new missile complex near Al-Dawadmi, focusing on solid-fuel missiles. This move aims to strengthen defense against threats from Yemen's Houthi movement. The development raises fears of a nuclear arms race with Iran, especially following the US civilian nuclear cooperation agreement, which has sparked concerns about regional nuclear proliferation.

Times of India··Al-Dawadmi

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PoliticsPhoto: Aaj Tak

One Killed in Shooting Near Paris, Terror Probe Launched

A shooting from a moving vehicle near Trappes in the Yvelines district west of Paris resulted in one death and at least four injuries. Following the arrest of a suspect, France's national anti-terror prosecutor's office has initiated an investigation. The motive behind the attack remains unclear at this time.

Aaj Tak··Trappes

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PoliticsPhoto: Deccan Herald

Mysuru Minister Admits Protocol Breach in Dasara Jamboo Savari

Mysuru district in-charge minister S Yathindra acknowledged that the names of CM D K Shivakumar's wife Usha and the Telangana and Kerala CMs were not on the protocol list for the floral benediction during the Mysuru Dasara Jamboo Savari. He defended the CM's wife, saying her participation did not involve government work. Yathindra also addressed criticism over his photo missing from the government Dasara advertisement.

Deccan Herald··Mysuru

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BusinessPhoto: Deccan Herald

Markets Extend Losses for Fourth Day Amid Oil Price Surge

Mumbai's benchmark indices Sensex and Nifty fell for the fourth consecutive session as crude oil prices surged past USD 114 amid rising West Asia tensions. Sensex dropped 125.56 points to 73,123.83, while Nifty closed at 22,600, down 87.65 points. Broad sector selling and FII outflows amid weak global trends dampened sentiment. Tata Steel and Adani Ports fell over 3%, leading losses.

Deccan Herald··Mumbai

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