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BusinessPhoto: ET MarketsJSW Steel reported a 225% year-on-year increase in net profit for Q2, reaching Rs 5,279 crore. The company's revenue from operations rose nearly 21% to Rs 54,486 crore, up from Rs 45,152 crore in the same quarter last year, reflecting strong financial performance in the metal sector.
ET Markets·
PoliticsPhoto: MintHaryana Chief Minister Nayab Singh Saini announced that electricity employees have called off their strike after the state government invoked Section 108 of the Electricity Act, 2003. The government directed the Haryana Electricity Regulatory Commission to review its order permitting private power distribution in Gurugram and Nuh. Saini assured support to workers and reiterated opposition to any privatisation of electricity distribution in the state.
Mint··Panchkula
PoliticsPhoto: Hindustan TimesThe Delhi High Court dismissed a petition by AISA president Neha Bora challenging a police notice requiring her to furnish a ₹10,000 personal bond and one surety to maintain peace during an inquiry. The notice followed her participation in the 'Lehra Do Tiranga' march on October 16. The court directed the special executive magistrate to provide Bora all relevant materials for the proceedings.
Hindustan Times··Delhi
BusinessPhoto: Business StandardIndusInd Bank, India's fifth-largest private lender, posted a net profit of ₹1,242 crore in Q2FY27, reversing a ₹437 crore loss in Q2FY26. The profit rose 20% sequentially, driven by a 54% year-on-year drop in provisions and a 36% increase in other income to ₹2,248 crore. Net interest income was ₹4,569 crore, up 4% year-on-year. Gross NPA ratio improved to 2.73%, with net NPA at 0.83%.
Business Standard·
PoliticsPhoto: MintHaryana is considering invoking Section 108 of the Electricity Act to contest HERC's approval of a private power distributor in Gurugram and Nuh. This move addresses a major demand of striking electricity workers. Energy Minister Anil Vij confirmed ongoing talks and expressed hope for an early resolution to the strike.
Mint··Haryana
BusinessPhoto: NDTV BusinessReserve Bank of India Governor Sanjay Malhotra reaffirmed that the RBI's primary goal is maintaining price stability through inflation targeting while supporting long-term economic growth. Speaking at the NDTV World Summit 2026, he highlighted strong macroeconomic fundamentals and resilient growth across sectors, citing indicators like cement and steel sales, credit growth, tax collections, and automobile sales. Inflation remains within tolerance but supply-side pressures persist.
NDTV Business·
ET Markets·
Photo: ET MarketsJSW Steel reported a 225% year-on-year increase in net profit for Q2, reaching Rs 5,279 crore. The company's revenue from operations rose nearly 21% to Rs 54,486 crore, up from Rs 45,152 crore in the same quarter last year, reflecting strong financial performance in the metal sector.
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