NBCC sells Delhi residential property for ₹5,191 crore
State-owned NBCC auctioned 8.80 lakh square feet of residential property in New Delhi for Rs 5,191 crore on behalf of the central government.
via Business Line
Today’s briefs
Business, economy, regulation and policy, briefly.
Adani Ports targets 20 global assets, rejects UK's AB Ports
Adani Ports is evaluating 20 global maritime assets but ruled out buying the UK's AB Ports after it failed to meet return targets. Meanwhile, the firm raised its FY27 Indian capex guidance to up to 17,000 crore rupees.
via Business Line
Tamil Nadu CM to open bus stand and stadium on November 2
Tamil Nadu Chief Minister C Joseph Vijay will inaugurate a 23 crore rupee bus stand and an 8 crore rupee indoor stadium in Pudukkottai on November 2.
via Business Line
Indian Stocks to Watch: TVS Motor and Fortis Healthcare Lead Deals
TVS Motor is moving to demerge its finance arm as Fortis Healthcare and other Indian companies pursue strategic deals and navigate key regulatory shifts.
via Business Line
Resolute Mining targets strong end to 2026
Resolute Mining chief executive Chris Eger says the goldminer is set to finish the year strongly following operational challenges in Mali.
via Business News.com.au
Firmus face ASIC inquiry over failed float
Australia's corporate regulator has launched preliminary inquiries into the aborted $44 billion IPO of data centre firm Firmus following concerns over information provided to potential investors.
via The Age
Australia points to global shocks for domestic inflation
Australian Prime Minister Anthony Albanese cited global inflation and international conflicts as primary drivers of domestic cost of living pressures.
via The Guardian
Trump Administration Drops Opioid Ban Following Kratom Lobbying
Health officials backed down on an opioid ban for kratom products following intense industry lobbying.
via The New York Times
Congress draws blank in four-state Legislative Council elections
Congress failed to win any seats in Legislative Council elections across four major Indian states, where voting was conducted using ballot papers.
via Business Line
US Restricts Trade With Chinese Genomics Firm BGI
The US restricted trade with Chinese genomics firm BGI over alleged links to forced labor and minority abuse.
via The New York Times
India hikes dearness allowance by 3 percent for central staff
India approved a 3 percent hike in Dearness Allowance for central government employees and pensioners, benefiting 1.17 crore people.
via Business Line
PVR INOX net profit surges to Rs 263 crore on record revenue
PVR INOX posted a net profit of Rs 263.1 crore and record quarterly revenue of Rs 2,105.1 crore in Q2, driven by strong box office returns.
via Business Line
UK Budget: Energy payments, wage hikes and tax changes announced
Chancellor John Healey's first Budget introduces cost of living support, energy payments, minimum wage increases and adjusted savings taxes.
via BBC News - UK Politics
UK Budget 2026: Energy bills, taxes and spending changes
Chancellor John Healey has set out tax and spending plans including energy bill overhauls, pension rises, and new levies on savings and bank profits.
via BBC News - Business
Australia inflation accelerates to 4.3 percent as RBA rejects
Australia's headline inflation rate has risen to 4.3 percent, though the Reserve Bank's chief economist has ruled out a recession.
via The Guardian
No clear winner in Israeli parliamentary election
Exit polls from the Israeli parliamentary election show no clear winner, leaving neither political bloc with a majority.
via Financial Times
Rupee edges up 4 paise to 95.03 against US dollar in early trade
The rupee edged up 4 paise to 95.03 against the US dollar in early trade as markets awaited the Federal Reserve policy decision.
via Business Line
Jio Platforms IPO absorbs market liquidity and dampens indices
India's largest IPO absorbs significant market liquidity, diverting capital from secondary equities and contributing to a decline in benchmark indices.
via Business Line
Anthropic targets Australian retail investors in blockbuster IPO
Anthropic is offering shares in its massive IPO directly to Australian retail investors, providing a rare chance to back a frontier AI model maker.
via The Age
Ultrobotix Advances AI Food Technologist Toward Proof of Concept
Ultrobotix Ltd. is advancing its AI Food Technologist initiative by preparing a proof of concept to test regulatory screening capabilities in Israel.
via Financial Post | Canada Business News
Beauty businesses are driving new life into High Streets
Beauty and personal care businesses are helping to support physical high streets by filling vacant spaces and attracting shoppers.
via BBC News - Business
UK SMEs Urged to Tackle International Growth With Local Strategy
UK small businesses attempting overseas expansion must adopt localized strategies, from targeted market research to transparent pricing, rather than relying on generic domestic models.
via Business Matters | The Uk's Leading Sme Business Magazine
Green Bean Studios Partners With Findel Group for New EdTech Series
Green Bean Studios has partnered with Findel Group to launch an early years edutainment subscription series, expanding the Manchester company's reach across UK schools and nurseries.
via Business Matters | The Uk's Leading Sme Business Magazine
UK Chancellor set to deliver Budget
UK Chancellor John Healey will deliver the Budget today, setting out the government's tax and spending plans for the year ahead.
via BBC News - Business
Adani Ports targets 20 global assets, rejects UK's AB Ports
Adani Ports is evaluating 20 global maritime assets but ruled out buying the UK's AB Ports after it failed to meet return targets. Meanwhile, the firm raised its FY27 Indian capex guidance to up to 17,000 crore rupees.
- Adani Ports is evaluating 20 global maritime assets with a primary focus on container and liquid terminals.
- The company ruled out acquiring UK port operator AB Ports due to insufficient expected returns on capital.
- Domestic capital expenditure guidance for FY27 was raised to between 15,000 and 17,000 crore rupees.
- Revenue and EBITDA expectations for FY27 were both increased by 1,000 crore rupees.
Adani Ports and Special Economic Zone is reviewing 20 global port assets, concentrating on container facilities and liquid terminals. Chief executive Ashwani Gupta stated during an earnings call that the company will not pursue UK operator Associated British Ports because the asset did not align with its return on capital requirements.
While evaluating foreign deals, the company raised its FY27 capital expenditure guidance for India to between 15,000 and 17,000 crore rupees, up from an earlier target of 12,000 to 14,000 crore rupees. The increased spending will accelerate expansion at major domestic facilities, including Mundra, Dhamra, Hazira, and Vizhinjam, driven by high capacity utilisation.