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BusinessPhoto: Business Standard

Ireda Q2 Net Profit Rises to ₹554 Crore, Loan Disbursements Up 31%

State-owned Indian Renewable Energy Development Agency (Ireda) reported a standalone net profit of ₹554 crore for Q2 FY27, up from ₹549 crore the previous year. Revenue increased 14% to ₹2,345 crore, while loan disbursements rose 31% to ₹10,579 crore. The loan book grew 15% to ₹97,411 crore, and net worth increased 11% to ₹14,337 crore. Net NPAs improved to 1.08% from 1.97%.

Business Standard·

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BusinessPhoto: Mint Markets

MSCI Considers Removing Indonesia from Global Indexes

MSCI Inc. is considering removing Indonesia from its global indexes, posing a significant challenge to Southeast Asia's largest economy. This development comes at a difficult time as Indonesia was beginning to recover from recent economic instability. The potential removal could trigger an exodus of international capital, impacting the country's financial markets and economic growth prospects.

Mint Markets·

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BusinessPhoto: Economic Times

Paul John May Retain Minority Stake in John Distilleries

Paul John, founder of John Distilleries, is considering keeping a 10% to 20% minority stake in the company. Sazerac currently owns 65.7% and values John Distilleries at around ₹4,500 crore. The company reported a 15.1% revenue increase to ₹10,820 crore in FY26, with a significant net profit rise. However, rising state duties in Karnataka are affecting retail prices and consumption.

Economic Times··Bengaluru

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TechnologyPhoto: Economic Times

Saudi Arabia Seeks Cooperation with India on Power Grid Systems

Saudi Arabia has shown interest in collaborating with India on extra-high-voltage electricity transmission systems, focusing on renewable energy integration to meet increasing power demands. Officials from both countries held a virtual meeting to discuss technical cooperation addressing electricity needs for data centres and grid codes. Discussions on electrical interconnection and further cooperation are ongoing.

Economic Times·

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HealthPhoto: TOI Business

Trade Margins Capped at 30% on 137 Cancer Drugs in India

The Indian government has capped trade margins at 30% of the MRP on 137 cancer drugs, covering over 1,000 medicine brands. This move aims to reduce costs for patients, but effective implementation and monitoring are essential to ensure that the price cap results in lower medical bills for cancer treatment.

TOI Business·

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WorldPhoto: TOI World

Indian Family Denied US Tourist Visa Over China Travel Question

An Indian family with an infant was denied a US B1/B2 tourist visa during their interview, where officials questioned them about their travel to China. The woman shared their experience on Reddit, explaining that she and her husband applied for the visa to visit the US for a vacation. This case highlights increasing visa denials for Indian travelers this year.

TOI World·

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