[--[65.84.65.76]--]

Indian-news

   Stock-news

 23 Oct 2026 12:47 AM   EconomicTimes

SBI weighs data leak impact, alerts cyber cover provider

SBI may seek a claim under a Rs 1,425-crore cyber insurance policy with Oriental Insurance following a suspected leak of customer data, people familiar with the matter told ET. "SBI is in the process of notifying the insurer about the claim," said a person aware of the development.

 23 Oct 2026 12:24 AM   EconomicTimes

I-T likely to send notices over undisclosed foreign property

The Income-Tax Department will send notices to resident Indians regarding undisclosed foreign properties. Information was obtained through spontaneous exchanges and prior investigations into overseas assets. The FAST-DS scheme allows individuals to voluntarily disclose properties without facing penalties or prosecution. This opportunity aims to regularize the foreign assets of small taxpayers effectively. Overall participation in the scheme has been lower than anticipated due to its limitations.

 23 Oct 2026 12:15 AM   EconomicTimes

Italy's Pirelli and India's Balkrishna Industries float JV to make tyres

Pirelli has partnered with Balkrishna Industries to manufacture up to 8 lakh tyres annually in Gujarat. This production is expected to commence in the next financial year, according to the company's joint managing director. Initially, Balkrishna Industries will produce tyres under an off-take arrangement for Pirelli at the new facility. There are plans for a 50:50 joint venture to produce passenger car tyres under both brands.

 23 Oct 2026 12:12 AM   EconomicTimes

Prada Q3 revenue rises in a slowing luxe market

Italian luxury group Prada reported a 1% organic growth in revenue for the third quarter of the year. This performance reflects resilience in a challenging luxury market environment and the acquisition of Versace. Growth was supported by positive trends in the Americas and stable sales in the Asia-Pacific region. However, retail sales from the Miu Miu brand declined by 3% amid these challenges.

 22 Oct 2026 11:56 PM   EconomicTimes

Event data recorders may be mandatory for vehicles

By 2029, India's ministry of road transport and highways is looking to enforce the installation of event data recorders in vehicles to enhance safety and decrease road accident rates. Additionally, from 2030, passenger vehicles will be required to feature advanced emergency braking systems.

 22 Oct 2026 11:53 PM   EconomicTimes

India's a call-out market, but there's room to grow: Nestle

Nestle SA reports that 37% of urban households in India purchase Maggi noodles monthly. The instant noodles segment is outpacing overall food sector growth in the country. Nestle is investing in its Maggi and KitKat brands as they capture consumer preferences for convenience and diversity. Despite a revenue increase, food inflation remains a significant concern for the company. Regulatory scrutiny on Nestle India's labeling practices has also emerged recently.

 22 Oct 2026 11:50 PM   EconomicTimes

Urea imports surge 40% despite push to cut chemical fertilisers

Total urea imports in the April-September period rose to 5.589 million tonnes from 3.979 million tonnes in the first half of last fiscal year. Local sales fell 4.1% to 18.52 million tonnes. The sales were down primarily due to poor rainfall in large parts of the country deterring farmers from spending on soil nutrients, said a senior executive at a large urea firm.

 22 Oct 2026 11:46 PM   EconomicTimes

LNG imports up 9% in Mar-Sep; US, Oman & Nigeria bridge supply gap

India has increased its liquefied natural gas imports from the US, Oman, and Nigeria significantly since the Iran war. The country now imports about 68% of its LNG from these suppliers, compared to just 25% last year. Qatar's contribution has dropped to 3% from 45%, highlighting a major shift in sourcing strategies. Domestic gas consumption has remained steady, driven by the expanding city gas sector.

 22 Oct 2026 11:44 PM   EconomicTimes

Chinese spending curbs weigh on Hermes sales

Revenue in the region that includes China, the luxury group's biggest market, flatlined at constant exchange rates, Hermes International said Thursday. Analysts had expected growth of about 1.6%. The region generates around 42% of Hermes' total revenue.

 22 Oct 2026 11:38 PM   EconomicTimes

Sony India TV, audio sales stay flat in FY26 despite GST boost

Overall revenue from operations grew a marginal 0.9% to ₹7,918 crore, while net profit rose 19% to ₹187 crore. The company's other businesses, comprising gaming consoles and digital cameras, recorded modest growth, with revenue increasing to ₹1,389 crore from ₹1,322 crore in FY25.

 22 Oct 2026 09:52 PM   EconomicTimes

EU carbon tax: Piyush Goyal asks Europe not to 'invite disaster' or 'shoot themselves in the foot'

Goyal said the EU had accumulated around 75-77 regulations, arguing that repeated additions were increasing the compliance burden on businesses and making them less competitive in global markets.

 22 Oct 2026 09:44 PM   EconomicTimes

India extends duty-free raw sugar import deadline to December 31

India has extended the deadline for duty-free imports of 1 million metric tonnes of raw sugar by two months to December 31, giving importers more time to bring in the commodity.

 22 Oct 2026 09:07 PM   EconomicTimes

Nestle sees strong growth potential for Maggi noodles in India; eyes expansion in Europe, Americas

The company, which sells noodles under the Maggi brand in India and other Asian markets, also has ambitious plans to expand the category in Europe and the Americas, its top leadership said during the earnings call for the September quarter of 2026.

 22 Oct 2026 09:00 PM   EconomicTimes

Musk is getting it wrong on India's space "oligarchs". Here's why

Though Starlink boasts extensive satellite internet coverage, many potential users find the service economically unviable. The Indian government is strategically evaluating its communications infrastructure choices, potentially leaning towards homegrown solutions for critical services, which may boost Reliance's positioning against SpaceX in the market.

 22 Oct 2026 08:09 PM   EconomicTimes

Crop, fire insurance premiums fall 31%, 26.6% in H1 FY27 amid pricing pressure

In the first half of FY27, crop insurance premiums fell by 31% due to lower rates and discounts. Fire insurance premiums also decreased by 26.6% amidst price competition and discounts across the sector. Public sector insurers saw a sharper decline in crop insurance compared to general insurers, impacting overall growth. Non-life insurance premiums grew 6.1% year-on-year, and health insurance experienced a 20.2% increase.

 22 Oct 2026 07:34 PM   EconomicTimes

India commercial insurance rates fall as capacity, competition rise

Commercial insurance rates in India decreased significantly in 2026 due to increased competition among insurers. Property and financial liability insurance rates fell for the fourth consecutive quarter, providing businesses with better terms. Cyber insurance also witnessed a decline, marking the twelfth consecutive quarter of reduced rates in the IMEA region. Insurers became more competitive, allowing businesses to negotiate premiums and coverage more effectively.

 22 Oct 2026 07:32 PM   EconomicTimes

Adani group did not attempt Vizhinjam port stake sale without govt approval: V D Satheesan

Replying to an unstarred question in the Assembly recently, Satheesan said Adani Vizhinjam Port Private Limited (AVPPL) had submitted an application to the government seeking prior approval for the proposed transfer of its existing 49 per cent shareholding.