📰 India Business Brief: Top Headlines for October 26, 2026

The Economic Times

• Apple Reports ₹650 Crore India Software Revenue: Apple has begun logging significant revenue from software engineering and global support services in India, with subsidiary Apple Operations India generating ₹650 crore in FY26 as the tech giant scales research and technical support beyond local hardware assembly.
• Bond Yields Reach Multi-Year Highs: Government securities (G-Sec) yields have climbed to a three-year peak, with analysts projecting yields may touch 7.75% by December. In response to the Reserve Bank of India's shift toward calibrated tightening, fixed-income advisors are steering portfolios toward short-duration funds and high-quality corporate bonds.
• Saudi Arabia Partners with Singapore on Strategic Reserves: Saudi Aramco signed an agreement to store crude oil at Singapore’s Jurong Rock Caverns starting in late 2027, an arrangement aimed at strengthening Southeast Asian energy supply chains and regional energy security.

Business Standard

• BFSI Insight Summit Kicks Off in Mumbai: The three-day flagship Business Standard BFSI Insight Summit opened on October 26, convening key policymakers, including top regulators and banking chiefs, to deliberate on banking sector resilience, AI integration, and capital market depth.
• Crude Import Pressures Mounting for OMCs: Average crude oil import prices for India have reached a 15-year high, creating fresh margin headwinds for state oil marketing companies (OMCs) and renewing fiscal pressure on the central government.
• RBL Bank Projects ₹11,000 Crore Boost via Emirates NBD Integration: RBL Bank management revealed that the merger of three Emirates NBD branch operations is anticipated to add ₹10,000–₹11,000 crore to its balance sheet as the lender targets annual asset growth above 20%.
• Mutual Fund Inflows Moderate: Retail mutual fund investor growth has begun to taper amid sustained secondary market volatility and a slower pace of new equity fund launches.

Mint

• Domestic Indices Open Under Pressure: Benchmark indices faced a weak opening as GIFT Nifty traded lower around the 22,535 mark, tracking geopolitical headwinds and crude price spikes. Technical analysts highlighted immediate Nifty support near 22,300.

• Mixed Q2 Corporate Earnings Flash:

• BPCL posted a turnaround consolidated net profit of ₹4,993 crore for Q2, recovering strongly from an EBITDA loss in the preceding quarter.

• Bank of India recorded a 25.3% year-on-year surge in net profit to ₹3,202 crore, supported by an 18.5% growth in Net Interest Income (NII).
• Dr. Reddy’s Laboratories reported a 36% year-on-year fall in second-quarter profit to ₹913.4 crore, driven by a minor dip in operational revenue.
• Heavy Corporate Action Calendar Underway: More than 25 listed firms have lined up record dates this week starting October 26 for dividends, bonus issues, and restructurings, with Hexaware Technologies and Midaas Fashions among the prominent counters in focus.