Tata Steel reported strong quarterly performance with profit rising 16.2% year-on-year to ₹3,699.6 crore in the reported quarter, while revenue increased 11.5% to ₹65,436.2 crore. Voltas delivered exceptional results with profit jumping 53.5% year-on-year to ₹52.6 crore, and revenue growing 15.3% to ₹2,706.6 crore. Siemens also showed positive momentum with profit growing 3.9% year-on-year to ₹504.2 crore and revenue jumping 17% to ₹5,734 crore. According to Zee Business, Tata Steel outperformed consensus market expectations, reinforcing strong bullish structural calls on the broader steel and metal complex.
Adani Enterprises announced plans for annual investments of ₹35,000-40,000 crore over the next couple of years, with airports, data centres and its PVC complex driving expansion. Indian Oil Corporation revealed plans to acquire its own crude oil and LPG carriers to tackle shipping disruptions and rising freight costs. Kalpataru expects to achieve its ₹6,500 crore pre-sales target in FY27, marking a 23% increase from the previous year amid strong housing demand.
Vodafone Idea announced that BSNL plans to sign an inter-circle roaming agreement across 12-13 circles, according to government sources. Wipro appointed Angan Guha as President and CEO of its Americas 2 strategic market unit, with Guha previously spending over 28 years at Wipro. Force Motors plans to launch an electric vehicle on its Traveller platform in Q4 FY27, with an electric ambulance among its first offerings.
NSE and Augmont launched live Electronic Gold Receipts trading, recording over ₹33 crore in turnover and strengthening India's electronic gold trading ecosystem. Birlasoft appointed Madhavan Hariharan as CEO and Managing Director, who will assume charge on December 8, succeeding Angan Guha. Angel One emerged as India's second-largest stockbroker with 69.98 lakh active clients on NSE, highlighting its growing presence in the retail broking market.
State Bank of India's California subsidiary opened its first branch outside California in Frisco, Texas, offering retail and business banking services across North Texas. Bank of Baroda's Guyana subsidiary relocated its head office to a new building in Georgetown and reiterated its commitment to supporting UPI-based payment capabilities. MTNL faces a government plan to sell assets worth ₹9,000 crore in FY28, aimed at reducing the telecom company's debt of ₹50,000 crore.
