Kirloskar Ferrous Industries’ Q2 consolidated PAT up 11% to ₹86.3 crore
Pune: Kirloskar Ferrous Industries Limited, one of India’s leading manufacturers of castings, pig iron, steel, and seamless tubes, announced its unaudited financial results for the second quarter of the financial year 2025–26. The company reported revenue from operations of ₹1,728 crore for Q2 FY26, up 4 per cent from ₹1,667.1 crore in Q2 FY25.

Indian steelmakers urge govt to enforce local sourcing
Indian stainless steel manufacturers are seeking the government’s help to ensure that sectors like automobile, utensils procure locally manufactured steel, rather than importing cheap steel from overseas. 

Steel Ministry gives green light to Arcelor Mittal steel plant’s slurry pipeline
Hyderabad: A week after receiving environmental clearance from the Union Ministry of Environment, Forest and Climate Change (MoEF), the upcoming Arecelor Mittal Nippon Steel’s project at Anakapelle has got a shot in the arm from the Ministry of Steel. The Steel Ministry has approved laying a pipeline to carry slurry to the proposed steel plant. It invoked the Petroleum and Minerals Pipeline (Acquisition of Right of User in Land) Act, 1962, providing the right of way for laying a pipeline to transport iron ore slurry from Chhattisgarh to Anakapalle via Malkangiri (Odisha). 

Adapting to disruptions key for progress, says TATA Steel Global CEO
 

Hindalco Q2 Results: Cons profit jumps 21% YoY to Rs 4,741 crore, revenue up 13%
Hindalco net rises 21%; tariffs blunt US margins
The Financial Express

Adani Kutch Copper inks deal with Caravel for Australian project
 

Kalyan Jewellers Q2FY26 results: Profit doubles, revenue up 30%
Kalyaan Jewellers reported consolidated net profit at Rs 260.51 crore in Q2FY26, up % from Rs 130.60 crore in Q2FY25.

Gems & jewellery exporters seek to cushion US tariff blow
India’s gems and jewellery exporters are finding new avenues to sustain their businesses amidst the 50% additional tariff in the US, by exporting high-margin diamond-studded jewellery to the US and catering to a burgeoning domestic market. They are also fast diversifying into new markets, besides consolidating presence in key non-US markets like the UAE, to stay afloat.

Gold futures jump Rs 520 to Rs 1,21,133 per 10 grams as weak US data boosts rate cut hopes

Gold prices extended gains for the third consecutive session on Friday, by rising Rs 520 to Rs 1,21,133 per 10 grams, tracking firm global cues amid expectations of a US Federal Reserve rate cut following soft labour data.

Why is sharp crude spike still a big risk for India? Morgan Stanley explains
India’s reduced dependence on oil has strengthened macro stability, but crude remains the single biggest risk to market performance, Morgan Stanley said in its latest strategy note. The brokerage credited the decline in oil intensity measured by barrels imported per unit of GDP for supporting a market re-rating, while cautioning that a sharp rise in crude prices could reverse equity gains and strain external balances.

Is CNG really a clean fuel? Myth explained
At a time when the cost of petrol and diesel floats around ₹100 a litre on average, CNG has found a greater footprint in the Indian passenger vehicle market. Almost every car manufacturer in the mass segment sells petrol-CNG powertrains in their respective passenger vehicle offerings. This not only allows the consumers to select from a wider powertrain options, but also to save a lot of money in the long run.

PESB recommends Deepak Gupta as next GAIL chief
The Public Enterprise Selection Board (PSEB) on Thursday recommended the name of Deepak Gupta, Director (Projects) at GAIL India, for the next chairman and managing director (CMD) of the Maharatna company.

Mismatch between RE capacity and demand driving up power costs: Electricity Authority
India’s rapid renewable energy capacity additions are straining grid operations while contributing to rising power supply costs due to mismatch with the demand growth, Ghanshyam Prasad, Chairperson, Central Electricity Authority (CEA) said on Friday. The country achieved 50% of its installed electricity capacity from renewable energy sources earlier this year. India has set a target of 500 GW of renewable energy capacity by 2030.

Shera Energy delivers a stellar 62 percent jump in consolidated PBT for H1 FY26
Mumba: Shera Energy Limited (NSE - SHERA), is one of the leading manufacturers of winding wires and strips made from non-ferrous metals, has announced its Un-audited Financial Results for H1 FY26.

KPI Green Energy Q2FY26 results: Profit jumps 67%, revenue surges 77%; announces 5% dividend
KPI Green Energy posted a 67% year-on-year(YoY) rise in its net profit to Rs 116.6 crore in Q2FY26 compared to Rs 69.8 crore recorded in Q2FY25. Revenue stood at Rs 641.1 crore in Q2, up 77.4% YoY from Rs 361.4 crore in Q2FY25, driven by accelerated project execution and strong segmental performance.

Orient Green Power Company net up 22%
EBITDA of the company, which is focused on wind energy, was up 2 per cent at ₹104 crore while the net profit margin at 60 per cent, increased 6 per cent. Finance costs reduced by over 20 per cent due to reduction in interest rate contributed by prompt repayment of principal and improved ratings.

Coal India fast-tracks solar expansion, aims for 3 GW capacity by 2029
 

NTPC Green Energy to raise ₹1,500 crore via 10-year NCDs on November 11
New Delhi: NTPC Green Energy on Friday said it will raise Rs 1,500 crore through issuance of unsecured non-convertible debentures on November 11, 2025 on private placement basis. Proceeds shall be utilised for, inter alia, financing capital expenditure, including refinancing and recoupment of capital expenditure already incurred by the company, as well as for extending such financing for capital expenditure to its subsidiaries and joint ventures through inter-corporate loans, and for other general corporate purposes, the company said in a regulatory filing.

Markets recover from day’s low led by metals but Nifty closes below 25,500, Sensex down 95 – Here are key highlights
Indian equity benchmarks closed Friday’s trade on a flat note after recovering from the day’s low in later hours. The Nifty 50 ended the day 17 points or 0.07% lower at 25,492, and the Sensex declined 95 points or 0.11% to end at 83,216.