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Stocks in News

• NBCC: The company gets orders worth Rs 145 crore from multiple bodies, including NEEPCO, SAIL and DVC.

• BHEL: The company Signs 50:50 joint venture pact with Titagarh Rail for maintenance of Vande Bharat sleeper trainsets.

• GMM PFAUDLER: Group CFO Alexander Poempner resigns; Ankit Nayyar appointed as Group CFO from November 4.

• INDIAN PESTICIDES: The company receives technical equivalence approval for insecticide in the UK and registration for herbicide in Argentina.

• SAATVIK GREEN: The company receives orders worth Rs 1,042 crore from SECI to supply solar PV modules.

• AXIS SOLUTION: The company signs pact with Government Engineering College, Gandhinagar, to launch an industry-supported lab in the instrumentation and control department.

• AUROBINDO PHARMA: US FDA issues one observation to Telangana unit; inspection concluded at arm's facility.

• RR KABEL: The company commences commercial production at wires and cables units with planned capacity of 18,000 MTPA.

• LEMON TREE: The company Opens 33-room hotel in Moga, Punjab.

• ALLIED BLENDERS: The company receives license to manufacture malt spirits at Telangana facility.

• TITAGARH RAIL: Maintenance pact is part of Rs 24,000 crore Vande Bharat sleeper trainset contract, covering 80 trainsets and 35 years of maintenance.

• ASHOKA BUILDCON: Extends stake sale in arms and Ashoka Concessions till October 31, 2026.

• VIKRAM SOLAR: Signs domestic cell supply pact with Avaada Electro; Avaada to supply 1 GW of TOPCon solar cells under an agreement worth nearly Rs 1,250 crore.

Economic News

• Kharif crops, winter sowing face stress as drought hits 53% of India: El Niño effect: El Niño has left more than 50% of India grappling with drought conditions, severely affecting kharif crops currently in the fields. Maharashtra has been particularly hard hit, with extreme drought affecting a large part of its agricultural areas. Other key agricultural states are also experiencing varying levels of drought, raising concerns about crop yields and soil moisture levels as winter sowing approaches.

Global News

• BOJ set to hike rates to 1.25%, a 31-year high, amid persistent inflation and rising oil-driven price pressures: The Bank of Japan is expected to raise its policy rate by 25 bps to 1.25% on Friday, a 31-year high, as persistent inflation driven by higher oil and import costs strengthens the case for further monetary tightening. The hike would bring rates closer to the BOJ’s estimated 1.1–2.5% neutral range, marking another step away from decades of ultraloose policy. Markets will closely watch Governor Kazuo Ueda’s guidance on the pace and timing of future hikes, with Reuters’ analyst poll expecting rates to reach 1.5% by March 2027 and 1.75% by Q2 2027. However, the BOJ faces a delicate balancing act as overly dovish guidance could weaken the yen and raise import-driven inflation, while a hawkish stance could intensify the bond sell-off amid concerns over Japan’s fiscal position.

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