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BusinessPhoto: NDTV Business

ITC Cigarette Earnings Expected to Recover by Q4 FY27, Analysts Say

ITC's cigarette business faces pressure from high taxation, but analysts expect a gradual profitability recovery by Q4 FY27 as the company adjusts prices and reshapes its portfolio. Despite Q2 FY27 results slightly beating estimates due to strong FMCG, agriculture, and paperboard segments, cigarette sales continue to weigh on earnings. Brokerages like Jefferies and UBS maintain 'Buy' ratings, while JPMorgan and Goldman Sachs are 'Neutral'.

NDTV Business·

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SciencePhoto: Aaj Tak

Cyclone Murasu Hits Andhra Pradesh Coast with 120 km/h Winds

Cyclone Murasu made landfall near Ongole early Wednesday morning, bringing winds of 110 to 120 km/h and heavy rainfall to Andhra Pradesh's coastal areas. Storm surges of 1 to 1.5 meters height have raised flood risks in low-lying areas of Bapatla, Krishna, and Prakasam districts. The cyclone is expected to cause more intense rain for the next two hours.

Aaj Tak··Ongole

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BusinessPhoto: Hindu Business

Darius Khambata Says Chandra’s Reappointment Tarnishes Tata Sons’ Image

Darius Khambata, outgoing Tata Trusts board member, stated that the reappointment of Chandra has damaged Tata Sons’ reputation and harmed the image of corporate India. He referred to the events of September 17, 2026, as a day that will live in infamy, emphasizing that no amount of spin can hide what occurred.

Hindu Business·

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BusinessPhoto: Mint

KPMG India CEO Urges Trade Diversification to Sustain Growth

KPMG India CEO Yezdi Nagporewalla emphasized the need for India to sustain its economic growth by diversifying trade and economic strengths amid geopolitical shifts. He pointed out opportunities in manufacturing, semiconductors, and data centres as key areas for development to enhance India's resilience in global trade and supply chains.

Mint·

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TechnologyPhoto: NDTV World

Cyberattack Disrupts Supermarket Fridges in 9 European Countries

Supermarkets across Belgium, Estonia, Finland, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Sweden experienced refrigeration failures due to a cyberattack. The temperature rise overnight forced some retailers to discard food, impacting the supply chain and causing losses. Authorities are investigating the incident affecting multiple countries simultaneously.

NDTV World·

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BusinessPhoto: Firstpost Business

Apple Beats Earnings Estimates but Shares Fall Amid Cost Concerns

Apple exceeded revenue and earnings expectations in its September quarter, led by strong iPhone and Mac sales. However, rising memory-chip costs and a slower forecast for services growth have caused investor concerns, leading to a drop in its share price despite the positive earnings report under new CEO John Ternus.

Firstpost Business·

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