---
title: "Business News India, 30 Oct 2026: Top Stories | AllIndia.news"
description: "Business News India from Friday 30 October 2026: the day's top business stories from leading newsrooms, each linked to its source."
url: "https://allindia.news/2026/10/30/economy/index.md"
canonical: "https://allindia.news/2026/10/30/economy/"
published: "2026-10-30T00:00:02+05:30"
updated: "2026-10-30T23:30:01+05:30"
section: "Business"
date: "2026-10-30"
language: "en-IN"
site: "AllIndia.news"
---

# Business: Friday 30 October 2026

40 stories. Cite the publisher using original_url.

### Uttarakhand helicopter crash: What is Trans Bharat Aviation? Company named in incident with ₹58 crore revenue in FY25

- Source: Mint
- Published: 30 October 2026, 23:22 IST (2026-10-30T23:22+05:30)
- Section: Business
- Link: https://allindia.news/s/88b5f54968e0
- original_url: https://www.livemint.com/companies/news/uttarakhand-helicopter-crash-what-is-trans-bharat-aviation-company-named-in-incident-with-rs-58-crore-revenue-in-fy25-11793378990770.html
- Image: https://allindia.news/img/88b5f54968e0-l.webp

A Trans Bharat Aviation helicopter crashed near Chai village in Joshimath while flying from Badrinath to Dehradun on Friday, killing the pilot and five passengers.

### India Forms Committee to Reform Banking for Global Edge

- Source: X News (AI summary of posts on X)
- Published: 30 October 2026, 23:00 IST (2026-10-30T23:00+05:30)
- Section: Business
- Link: https://allindia.news/s/65c46f319da4
- original_url: https://x.com/i/trending/2116219622295056387

The high-level committee, chaired by former Central Vigilance Commissioner Suresh N. Patel, includes RBI and banking experts and has six months to recommend reforms on regulations, capital needs, AI adoption, and cybersecurity.

### Govt sets up high-level banking panel under Suresh N. Patel

- Source: Mint
- Published: 30 October 2026, 23:18 IST (2026-10-30T23:18+05:30)
- Section: Business
- Link: https://allindia.news/s/29f06c095d70
- original_url: https://www.livemint.com/economy/govt-sets-up-high-level-banking-panel-under-suresh-n-patel-11793380648683.html
- Image: https://allindia.news/img/29f06c095d70-l.webp

The panel will review India's banking sector and recommend structural, institutional, regulatory and legislative reforms to make it globally competitive, financially inclusive and resilient by 2047.

### India made ‘remarkable progress’ in reducing poverty: World Bank

- Source: The Hindu
- Published: 30 October 2026, 22:29 IST (2026-10-30T22:29+05:30)
- Section: Business
- Link: https://allindia.news/s/e2a85e6c6cda
- original_url: https://www.thehindu.com/news/national/india-made-remarkable-progress-in-reducing-poverty-world-bank/article71646460.ece
- Image: https://allindia.news/img/e2a85e6c6cda-l.webp

Report says the country saw one of the fastest reductions in poverty in the world; extreme poverty fell to 2.6% in 2023 from 27.1% in 2011, driven by government transfers and rising employment

### Yuvraj Singh's Big Statement On Abhishek Sharma, Ishan Kishan And Vaibhav Sooryavanshi's ODI Chances

- Source: NDTV Profit
- Published: 30 October 2026, 22:11 IST (2026-10-30T22:11+05:30)
- Section: Business
- Link: https://allindia.news/s/856303c2a565
- original_url: https://www.ndtvprofit.com/sports/yuvraj-singhs-big-statement-on-abhishek-sharma-ishan-kishan-and-vaibhav-sooryavanshis-odi-chances-12260814#publisher=newsstand

The former India cricketer has shared his thoughts on India's selection approach while backing three promising youngsters.

### Dixon, Syrma clock revenue jump while chip costs rose

- Source: Mint
- Published: 30 October 2026, 22:49 IST (2026-10-30T22:49+05:30)
- Section: Business
- Link: https://allindia.news/s/0d8e928a3cd0
- original_url: https://www.livemint.com/companies/company-results/dixon-syrma-see-chip-costs-raise-expenses-amid-resilient-demand-11793371416232.html
- Image: https://allindia.news/img/0d8e928a3cd0-l.webp

Both contract electronics manufacturers beat the Street in September quarter, with higher revenues.

### Binance hack: Why its US affiliate is unaffected

- Source: The Economic Times
- Published: 30 October 2026, 22:42 IST (2026-10-30T22:42+05:30)
- Section: Business
- Link: https://allindia.news/s/caf75ac32864
- original_url: https://economictimes.indiatimes.com/news/international/world-news/binance-suffers-6-3-billion-crypto-security-breach-why-is-binance-us-assuring-american-customers-their-funds-are-safe/articleshow/135371387.cms
- Image: https://allindia.news/img/caf75ac32864-l.webp

### India orders Sun Pharma to halt eye-care drug production at plant after quality lapses

- Source: The Hindu
- Published: 30 October 2026, 22:40 IST (2026-10-30T22:40+05:30)
- Section: Business
- Link: https://allindia.news/s/a8e5532a1a2d
- original_url: https://www.thehindu.com/business/india-orders-sun-pharma-to-halt-eye-care-drug-production-at-plant-after-quality-lapses/article71646516.ece
- Image: https://allindia.news/img/a8e5532a1a2d-l.webp

India’s drug quality standards have come under increased scrutiny at home and overseas in recent years after locally made cough syrups were linked to ‌the deaths of children in India and also in countries including Gambia and Uzbekistan

### IREDA Appoints Jatin Kumar Nayak As CMD; To Head Renewable Energy Lender Until 2029

- Source: NDTV Profit
- Published: 30 October 2026, 22:26 IST (2026-10-30T22:26+05:30)
- Section: Business
- Link: https://allindia.news/s/21e4bee5b761
- original_url: https://www.ndtvprofit.com/business/ireda-appoints-jatin-kumar-nayak-as-cmd-to-head-renewable-energy-lender-until-2029-12260886#publisher=newsstand

Nayak brings more than 34 years of professional experience across the power sector and resource-intensive industries, including mining and metals.

### CCI clears Xavier Niel’s 16.2% Vodafone stake deal

- Source: The Economic Times
- Published: 30 October 2026, 22:36 IST (2026-10-30T22:36+05:30)
- Section: Business
- Link: https://allindia.news/s/0b5cdb43f763
- original_url: https://economictimes.indiatimes.com/industry/telecom/french-billionaire-xavier-niel-gets-cci-approval-to-acquire-16-2-stake-in-vodafone/articleshow/135371297.cms
- Image: https://allindia.news/img/0b5cdb43f763-l.webp

### Extreme poverty in India fell to 2.6% from 27.1% between 2011 and 2023

- Source: Mint
- Published: 30 October 2026, 22:24 IST (2026-10-30T22:24+05:30)
- Section: Business
- Link: https://allindia.news/s/9f1c25a83fac
- original_url: https://www.livemint.com/economy/india-extreme-poverty-rate-declines-2011-to-2023-world-bank-11793375500521.html
- Image: https://allindia.news/img/9f1c25a83fac-l.webp

As many as 496 million people moved above the lower-middle-income poverty line of $4.20 a day between 2011 and 2023, according to the World Bank’s October 2026 Poverty & Equity Brief.

### IRDAI upgrades business analytics platform for health covers

- Source: The Hindu
- Published: 30 October 2026, 22:22 IST (2026-10-30T22:22+05:30)
- Section: Business
- Link: https://allindia.news/s/a9a801753429
- original_url: https://www.thehindu.com/business/Industry/irdai-upgrades-business-analytics-platform-for-health-covers/article71646545.ece
- Image: https://allindia.news/img/a9a801753429-l.webp

### Intel stock crashes 29%, worst day since 1974

- Source: The Economic Times
- Published: 30 October 2026, 21:34 IST (2026-10-30T21:34+05:30)
- Section: Business
- Link: https://allindia.news/s/40439cb0d40a
- original_url: https://economictimes.indiatimes.com/world/us/intel-stock-price-crash-why-intc-shares-plunged-29-today-despite-strong-earnings-how-the-ai-memory-crunch-and-weak-pc-demand-hit-its-forecast-and-could-the-selloff-deepen/articleshow/135368038.cms
- Image: https://allindia.news/img/40439cb0d40a-l.webp

Intel shares (NASDAQ: INTC) fell about 29 per cent on Friday, October 30, one of the steepest single-day drops in the company’s history. The fall is set to wipe out roughly $137 billion to $140 billion of its market value, depending on the report.

### Policybazaar’s agent business may need to change under Irdai’s draft rules, says CEO Yashish Dahiya

- Source: Mint
- Published: 30 October 2026, 22:03 IST (2026-10-30T22:03+05:30)
- Section: Business
- Link: https://allindia.news/s/db054273ee85
- original_url: https://www.livemint.com/companies/company-results/policybazaars-agent-business-may-need-to-change-under-irdai-s-draft-rules-says-ceo-yashish-dahiya-11793368953587.html
- Image: https://allindia.news/img/db054273ee85-l.webp

The business could carry on if it evolved into something different, like maybe a services player, says PB Fintech's CEO Yashish Dahiya

### Sun Pharma Q2 profit plunges 36% on exceptional charges despite revenue growth

- Source: The Hindu
- Published: 30 October 2026, 21:51 IST (2026-10-30T21:51+05:30)
- Section: Business
- Link: https://allindia.news/s/4e3d6eebd42d
- original_url: https://www.thehindu.com/business/sun-pharma-q2-profit-plunges-36-on-exceptional-charges-despite-revenue-growth/article71646441.ece
- Image: https://allindia.news/img/4e3d6eebd42d-l.webp

Excluding the exceptional items, adjusted net profit stood at ₹3,162 crore.

### JioStar's Q2 profit falls 13% amid weak ad environment

- Source: Mint
- Published: 30 October 2026, 21:40 IST (2026-10-30T21:40+05:30)
- Section: Business
- Link: https://allindia.news/s/7bb1d0a80670
- original_url: https://www.livemint.com/companies/company-results/jiostar-profits-decline-13-amid-weak-ad-environment-11793373229605.html
- Image: https://allindia.news/img/7bb1d0a80670-l.webp

JioHotstar's monthly active users fell sequentially as the IPL season ended, but were up year-on-year.

### IRDAI declares Nov grievance resolution month; 72% of cases pending for more than a year.

- Source: The Hindu
- Published: 30 October 2026, 21:42 IST (2026-10-30T21:42+05:30)
- Section: Business
- Link: https://allindia.news/s/da801a00020c
- original_url: https://www.thehindu.com/business/Industry/irdai-declares-nov-grievance-resolution-month-72-of-cases-pending-for-more-than-a-year/article71646019.ece
- Image: https://allindia.news/img/da801a00020c-l.webp

Unresolved grievances a concern, around 2.21 lakh cases pending as on March 31 before Consumer Commissions and judicial courts with 72.49% of them for more than a year, says the regulator

### ‘2026 resembles 1991’: Why CEA V Anantha Nageswaran wants India to rethink its growth strategy, what he said

- Source: Mint
- Published: 30 October 2026, 21:37 IST (2026-10-30T21:37+05:30)
- Section: Business
- Link: https://allindia.news/s/c5ec1221a63b
- original_url: https://www.livemint.com/economy/2026-resembles-1991-why-cea-v-anantha-nageswaran-wants-india-to-rethink-its-growth-strategy-what-he-said-11793372293114.html
- Image: https://allindia.news/img/c5ec1221a63b-l.webp

India must rethink its growth strategy as global tensions and supply-chain shocks threaten access to critical resources, Chief Economic Adviser V Anantha Nageswaran warned. He urged stronger domestic capabilities, diversified imports and strategic buffers.

### Today Show Halloween 2026: See host costumes

- Source: The Economic Times
- Published: 30 October 2026, 21:05 IST (2026-10-30T21:05+05:30)
- Section: Business
- Link: https://allindia.news/s/96b8c834bdbd
- original_url: https://economictimes.indiatimes.com/news/international/world-news/today-show-halloween-2026-savannah-guthrie-jenna-bush-hager-surprise-fans-with-iconic-nbc-transformations/articleshow/135367849.cms
- Image: https://allindia.news/img/96b8c834bdbd-l.webp

### RIL Q2 profit jumps 41% to ₹25,548 crore on O2C, Jio strength

- Source: The Hindu
- Published: 30 October 2026, 20:55 IST (2026-10-30T20:55+05:30)
- Section: Business
- Link: https://allindia.news/s/44769d22467b
- original_url: https://www.thehindu.com/business/Industry/ril-q2-profit-jumps-41-to-25548-crore-on-o2c-jio-strength/article71646038.ece
- Image: https://allindia.news/img/44769d22467b-l.webp

The O2C business emerged as a key growth driver, with revenue surging 44.2% YoY, reflecting a sharp rise in crude and product price.

### FIIs Turn Net Buyers in Indian Market with ₹3,598 Crore Inflow

- Source: X News (AI summary of posts on X)
- Published: 30 October 2026, 20:55 IST (2026-10-30T20:55+05:30)
- Section: Business
- Link: https://allindia.news/s/5532e8fb5c1f
- original_url: https://x.com/i/trending/2116187728987496804

Foreign institutional investors (FIIs) purchased a net ₹3,598.54 crore in equities, ending a recent selling streak, while domestic institutional investors (DIIs) sold ₹817.51 crore for a combined inflow of ₹2,781.03 crore.

### War lifts Reliance’s O2C earnings to a record

- Source: The Economic Times
- Published: 30 October 2026, 21:04 IST (2026-10-30T21:04+05:30)
- Section: Business
- Link: https://allindia.news/s/a69cd8dac6bd
- original_url: https://economictimes.indiatimes.com/industry/energy/oil-gas/middle-east-war-helps-lift-reliances-oil-to-chemicals-earnings-to-an-all-time-high/articleshow/135367997.cms
- Image: https://allindia.news/img/a69cd8dac6bd-l.webp

### Nvidia CEO Jensen Huang targeted by Chinese spy? How US-China AI chip war is turning into espionage battle | Explained

- Source: Mint
- Published: 30 October 2026, 21:19 IST (2026-10-30T21:19+05:30)
- Section: Business
- Link: https://allindia.news/s/f33e4633b462
- original_url: https://www.livemint.com/companies/nvidia-ceo-jensen-huang-targeted-by-chinese-spy-how-us-china-ai-chip-war-is-turning-into-espionage-battle-explained-11793371756140.html
- Image: https://allindia.news/img/f33e4633b462-l.webp

US intelligence agencies suspect a Chinese operative targeted Nvidia CEO Jensen Huang and passed commercial information to Beijing. The allegations have raised fresh concerns in Washington as the US-China AI chip war increasingly spills into espionage.

### GAIL profit more than doubles on strong gas marketing performance

- Source: The Hindu
- Published: 30 October 2026, 21:15 IST (2026-10-30T21:15+05:30)
- Section: Business
- Link: https://allindia.news/s/33a50b87d072
- original_url: https://www.thehindu.com/business/Industry/gail-profit-more-than-doubles-on-strong-gas-marketing-performance/article71645957.ece
- Image: https://allindia.news/img/33a50b87d072-l.webp

Profit before taxes of their natural gas marketing business rose more than two-and-half times during the quarter.

### India to conduct population census from January 25

- Source: The Economic Times
- Published: 30 October 2026, 20:32 IST (2026-10-30T20:32+05:30)
- Section: Business
- Link: https://allindia.news/s/44891fbc696a
- original_url: https://economictimes.indiatimes.com/news/india/india-to-conduct-population-census-from-january-25-to-february-28-2027-march-1-set-as-reference-date/articleshow/135366914.cms
- Image: https://allindia.news/img/44891fbc696a-l.webp

### Reliance's refining business powers quarterly earnings beat as profit rises 40%

- Source: Mint
- Published: 30 October 2026, 21:07 IST (2026-10-30T21:07+05:30)
- Section: Business
- Link: https://allindia.news/s/5b08ababff98
- original_url: https://www.livemint.com/companies/company-results/reliances-refining-business-powers-quarterly-earnings-beat-as-profit-rises-40-11793372409901.html
- Image: https://allindia.news/img/5b08ababff98-l.webp

India’s most valuable company reported a profit of ₹25,548 crore, up 40% from the year-earlier period and nearly a fifth above market expectations.

### Reliance Retail Q2 profit falls 24.5%, revenue up 6.4%

- Source: Mint
- Published: 30 October 2026, 20:49 IST (2026-10-30T20:49+05:30)
- Section: Business
- Link: https://allindia.news/s/b06df9089898
- original_url: https://www.livemint.com/companies/company-results/reliance-retail-q2-profit-falls-24-5-revenue-up-64-11793373430955.html
- Image: https://allindia.news/img/b06df9089898-l.webp

Revenue from operations of Reliance Retail Venture Ltd (RRVL) increased 5.78 per cent to ₹80,220 crore in the September quarter of FY27. It was ₹75,836 crore in the corresponding period of the last fiscal year.

### Govt sets up banking committee on reforms

- Source: The Economic Times
- Published: 30 October 2026, 19:39 IST (2026-10-30T19:39+05:30)
- Section: Business
- Link: https://allindia.news/s/425382b6dd36
- original_url: https://economictimes.indiatimes.com/industry/banking/finance/banking/govt-sets-up-high-level-banking-committee-for-viksit-bharat-appoints-suresh-n-patel-as-chairman/articleshow/135365543.cms
- Image: https://allindia.news/img/425382b6dd36-l.webp

Centre on Friday constituted a six-member High Level Committee on Banking for Viksit Bharat to review India's banking sector and recommend structural, regulatory and institutional reforms to prepare it for the country's development goals by 2047.The committee will be chaired by Suresh N.

### BoB posts record Q2 profit of ₹6,532-cr on 96% surge in non-interest income

- Source: The Hindu
- Published: 30 October 2026, 20:20 IST (2026-10-30T20:20+05:30)
- Section: Business
- Link: https://allindia.news/s/14861fff8faa
- original_url: https://www.thehindu.com/business/bob-posts-record-q2-profit-of-6532-cr-on-96-surge-in-non-interest-income/article71645840.ece
- Image: https://allindia.news/img/14861fff8faa-l.webp

Asset quality improved, with gross non-performing assets (GNPA) declining to 1.78% from 2.16% a year ago.

### Crypto exchange Binance hacked: Biggest hack in history at $6.3bn? What went wrong? What initial investigations suggest?

- Source: Mint
- Published: 30 October 2026, 20:18 IST (2026-10-30T20:18+05:30)
- Section: Business
- Link: https://allindia.news/s/c0a0ea2e29a5
- original_url: https://www.livemint.com/companies/crypto-exchange-binance-hacked-biggest-hack-in-history-at-6-3bn-what-went-wrong-what-initial-investigations-suggest-11793368607461.html
- Image: https://allindia.news/img/c0a0ea2e29a5-l.webp

Binance is investigating a reported $6.3 billion crypto theft, potentially the biggest financial heist, with early findings pointing to North Korea-linked hackers. The exchange has frozen withdrawals, is tracing stolen assets and says customer funds are safe.

### Reliance posts 40% rise in quarterly profit

- Source: Mint
- Published: 30 October 2026, 20:06 IST (2026-10-30T20:06+05:30)
- Section: Business
- Link: https://allindia.news/s/7618b9a51541
- original_url: https://www.livemint.com/companies/company-results/reliance-posts-40-rise-in-quarterly-profit-11793370836680.html
- Image: https://allindia.news/img/7618b9a51541-l.webp

The company, which operates the world's largest refining complex in western India, has benefited from Brent crude rising about 60% since the Iran war broke out at the end of February. Oil-to-chemicals accounts for more than half of Reliance's revenue.

### Trump VA loan cuts hit 15,000 veterans hard

- Source: The Economic Times
- Published: 30 October 2026, 19:27 IST (2026-10-30T19:27+05:30)
- Section: Business
- Link: https://allindia.news/s/530202e557cd
- original_url: https://economictimes.indiatimes.com/news/international/world-news/height-of-insanity-trump-ends-va-mortgage-rescue-program-15000-veterans-face-higher-payments-700-see-1000-hike/articleshow/135365123.cms
- Image: https://allindia.news/img/530202e557cd-l.webp

### Relief For Polycab: NCLAT Sets Aside Insolvency Proceedings, Cites Pre-Existing Dispute Over Dues

- Source: NDTV Profit
- Published: 30 October 2026, 18:50 IST (2026-10-30T18:50+05:30)
- Section: Business
- Link: https://allindia.news/s/3e62805a5967
- original_url: https://www.ndtvprofit.com/business/relief-for-polycab-nclat-sets-aside-insolvency-proceedings-cites-pre-existing-dispute-over-dues-12259657#publisher=newsstand

Polycab has been released from the corporate insolvency resolution process with immediate effect and can function independently through its board of directors.

### Nifty 50 Reclaims 23,000 Mark with Modest 0.51% Gain

- Source: X News (AI summary of posts on X)
- Published: 30 October 2026, 18:06 IST (2026-10-30T18:06+05:30)
- Section: Business
- Link: https://allindia.news/s/8ff432d82ba7
- original_url: https://x.com/i/trending/2116145635858534434

India's benchmark index rose 116 points or 0.51% to end at 23,053.10, marking its second straight gain amid fading afternoon momentum and limited broader participation.

### Map Reveals Adani Group's Vast Expansion Across India 2014-2025

- Source: X News (AI summary of posts on X)
- Published: 30 October 2026, 14:10 IST (2026-10-30T14:10+05:30)
- Section: Business
- Link: https://allindia.news/s/d250e813f5e7
- original_url: https://x.com/i/trending/2116038344996261987

Tech entrepreneur Sabeer Bhatia shared the graphic, highlighting sites like Mundra Port, cement factories, airports, and solar plants that turned Adani into a powerhouse handling over 500 million tonnes of cargo yearly.

### GAIL Gas IPO in FY28; parent to offload 25% stake

- Source: The Hindu
- Published: 30 October 2026, 19:39 IST (2026-10-30T19:39+05:30)
- Section: Business
- Link: https://allindia.news/s/0f892b534810
- original_url: https://www.thehindu.com/business/Industry/gail-gas-ipo-in-fy28-parent-to-offload-25-stake/article71645457.ece
- Image: https://allindia.news/img/0f892b534810-l.webp

The proposed IPO will provide GAIL Gas with a stock market listing while allowing its parent to unlock value through a partial stake sale.

### Jio Platforms Q2FY27 profit rises 14% in first post-listing results

- Source: Mint
- Published: 30 October 2026, 19:25 IST (2026-10-30T19:25+05:30)
- Section: Business
- Link: https://allindia.news/s/29da1243410e
- original_url: https://www.livemint.com/companies/company-results/jio-platforms-reliance-industries-q2fy27-results-quarterly-earnings-stock-market-debut-subscriber-additions-11793345497424.html
- Image: https://allindia.news/img/29da1243410e-l.webp

Jio Platforms posted ₹40,475 crore in revenue and ₹8,389 crore in net profit in its first results after listing, as subscriber additions and digital services supported growth.

### VA loan payments rise: Will foreclosures surge?

- Source: The Economic Times
- Published: 30 October 2026, 19:06 IST (2026-10-30T19:06+05:30)
- Section: Business
- Link: https://allindia.news/s/d301ffa84fe8
- original_url: https://economictimes.indiatimes.com/world/money/will-va-foreclosures-rise-further-veterans-with-modified-loans-face-higher-monthly-payments-after-vasp-ended-and-the-new-partial-claim-program-does-not-help-them/articleshow/135362864.cms
- Image: https://allindia.news/img/d301ffa84fe8-l.webp

### KFC, Pizza Hut Franchise Operations To Come Under One Roof As Sapphire-Devyani Merger Gets CCI Nod

- Source: NDTV Profit
- Published: 30 October 2026, 18:51 IST (2026-10-30T18:51+05:30)
- Section: Business
- Link: https://allindia.news/s/6254fe47dbb0
- original_url: https://www.ndtvprofit.com/business/kfc-pizza-hut-franchise-operations-to-come-under-one-roof-as-sapphire-devyani-merger-gets-cci-nod-12259660#publisher=newsstand

Under the proposed scheme of arrangement, Devyani International will issue 177 equity shares for every 100 equity shares held in Sapphire Foods.

### Cabinet Approves ₹52,878 Crore IDBI Bank Stake Sale to Fairfax Entity

- Source: X News (AI summary of posts on X)
- Published: 30 October 2026, 19:23 IST (2026-10-30T19:23+05:30)
- Section: Business
- Link: https://allindia.news/s/d12130c92467
- original_url: https://x.com/i/trending/2116164778078941531

The Cabinet approved selling a 60.72% stake in IDBI Bank for ₹52,878 crore to a Fairfax Financial Holdings-backed buyer, with the government offloading 30.48% and LIC divesting 30.24%, at ₹81 per share above a revised ₹75.99 benchmark.