📰 India Business Brief: Top Headlines for October 30, 2026

Business Standard

• 2026 Marks Structural Inflection Point Resembling 1991, Says CEA: Chief Economic Adviser V Anantha Nageswaran stated that 2026 marks an economic inflection point comparable to 1991. He emphasized that ongoing structural reforms, domestic balance-sheet health, and tech adoption are establishing resilient medium-term foundations despite global volatility.
• IndiGo Narrows Q2 Net Loss to ₹1,879 Crore: InterGlobe Aviation (IndiGo) reported that its second-quarter net loss narrowed by 27.2% year-on-year to ₹1,879.1 crore. Revenue expanded by 24%, helping offset a 67.2% surge in aviation turbine fuel expenses caused by firm crude rates and currency swings.
• Noel Tata to Step Down as Trent Chairman: Noel Tata will step down as Trent Chairman on November 11 to assume the role of Chairman Emeritus after nearly three decades with the company, with Bahram Vakil appointed to succeed him as the retail giant posts steady quarterly performance.
• Equitas SFB CEO Steps Down: Equitas Small Finance Bank announced the abrupt departure of Managing Director & CEO P.N. Vasudevan, who resigned citing a perceived conflict of interest.
• IHCL and Adani Airports Announce Hospitality Tie-Up: Indian Hotels Company Ltd (IHCL) entered into a comprehensive agreement with Adani Airports to develop eight new airport hotels adding over 2,000 keys across high-density aviation gateways.

The Economic Times

• Finance Ministry Projects Q2 GDP Growth at 7.35%: The Ministry of Finance estimated second-quarter GDP growth for FY27 at 7.35%, citing strong urban consumption and industrial revival, though it flagged external capital flow pressures stemming from elevated US bond yields.
• SEBI Clears PRIM Route for Portfolio Managers: The Securities and Exchange Board of India approved the PRIM channel enabling Portfolio Management Services (PMS) providers to invest directly in mutual funds and specialized investment funds (SIFs) with a minimum ticket size of ₹25 lakh, a move expected to significantly expand industry scale.
• Vijay Sankar Named FICCI President-Elect: The Federation of Indian Chambers of Commerce and Industry (FICCI) announced Sanmar Group Chairman Vijay Sankar as its President-Elect for the 2026–27 tenure.
• Kotak Alternate Asset Managers Closes ₹5,000 Crore Fund: Underscoring domestic liquidity depth, Kotak Alternate Asset Managers achieved the final close of its Yield & Growth Fund at ₹5,000 crore, funded entirely by domestic institutional and ultra-HNW investors.
• Industry Body Urges Removal of Equities LTCG: Ahead of upcoming budget consultations, the PHD Chamber of Commerce and Industry submitted representations urging the Finance Ministry to scrap the long-term capital gains (LTCG) tax on equity assets and rationalize STT rates to maintain India's retail investor momentum.

Mint

• Market Breadth Sinks to Seven-Month Low: Indian benchmark indices experienced broad-based selling pressure, with market breadth sliding near multi-month lows as rising US Treasury yields and persistent crude oil volatility triggered foreign institutional outflows.
• Jio Platforms Market Value Surges Past ₹13.7 Trillion: Building upon its strong market debut, Jio Platforms sustained buying interest, keeping investor enthusiasm intact across the domestic IPO pipeline as large issues continue to find solid absorptive capacity.
• Fintech Lender Fibe Plans ₹1,000+ Crore IPO: Digital consumer lending firm Fibe reported a doubling of its profits, driven by proprietary AI underwriting engines, and initiated preparations to raise over ₹1,000 crore through a public market float.
• Sagility Witnesses 12% Promoter Stake Offloading: Health-tech services provider Sagility saw heavy trading volumes following a large secondary block deal in which promoters offloaded a 12% stake priced at ₹42.45 per share.