📰 India Business Brief: Top Headlines for November 12, 2026

The Economic Times

• Bajaj Finance Launches $1.25 Billion Share Sale: Bajaj Finance unveiled an institutional share sale aiming to raise up to ₹11,700 crore ($1.25 billion). The proceeds are designated toward retiring debentures, loans, and other financial obligations amid high capital market liquidity.
• Moody’s Revisions Lift India's Growth Forecast to 7%: Moody’s Ratings revised its India FY27 GDP growth projection upward from 6.5% to 7%, citing resilient domestic demand, public infrastructure spending, and steady macroeconomic fundamentals.
• Tata Power and Hindustan Copper Post Strong Q2 Earnings: Tata Power reported a 32% year-on-year surge in net profit to ₹1,652 crore, while Hindustan Copper saw a 47% rise in net profit to ₹520 crore driven by expanding operational margins and firm global commodity realization.
• Cabinet Clears ₹62,370 Crore Fertilizer Subsidy: The Union Government approved a subsidy package of ₹62,370 crore for the Rabi 2026–27 season to insulate domestic farmers from international price volatility and ensure agricultural supply stability.

Business Standard

• Net Direct Tax Collections Surge 11.8%: Gross and net direct tax revenues expanded by 11.8% year-on-year to reach ₹14.42 trillion as of November 10, keeping the central government on track to meet its annual fiscal deficit and revenue targets.
• Banks Push Fintechs on Digital Payment Fraud Controls: Lenders and regulatory bodies have escalated compliance checks on partner fintechs, asking them to bolster fraud risk mitigation mechanisms following a fresh surge in high-frequency digital retail transactions.
• Indian Corporates Pledge $40 Billion for US Manufacturing: Across key sectors such as pharmaceuticals, specialty chemicals, and steel, Indian conglomerates have committed an estimated $40 billion toward establishing and expanding manufacturing facilities in the United States.
• RBI Consolidates Money Transfer Norms: The Reserve Bank of India has streamlined remittance protocols, allowing walk-in customers to conduct cash-based NEFT transfers of up to ₹50,000 per transaction while standardizing KYC and reporting requirements across commercial banks.
• Leadership Transition at Tata Investment: Noel Tata has stepped down as Chairman of Tata Investment Corporation, with legal veteran Bahram Vakil appointed to helm the board.

Mint

• October CPI Inflation Expected Near RBI's 6% Ceiling: An economist poll by Mint projects India’s retail inflation for October to approach the upper tolerance band of 6%, driven primarily by food price pressures, putting the RBI Monetary Policy Committee’s rate trajectory under close scrutiny.
• Foreign Capital Chases Indian Credit Expansion: Global private equity funds and sovereign wealth institutions are ramping up credit exposure to Indian commercial banks and high-performing NBFCs, buoyed by multi-year low non-performing assets.
• Cupid Reports Multi-Fold Jump in H1 Profitability: Healthcare products manufacturer Cupid reported a 156% increase in first-half net profit to ₹100.37 crore alongside a 137% jump in revenue, prompting an upward revision in its annual guidance.
• Global Tech Uncertainty Ripples into Emerging Equities: Shifting sentiment around global artificial intelligence heavyweights and overseas technology valuations sparked selective domestic profit booking, although inflows into domestic large-cap counters helped cushion index downsides.