India’s small and medium-scale steel producers are grappling with tightening margins as falling steel prices and rising operational costs strain profitability. According to the Steel Secretary, the current price slump has disproportionately impacted smaller firms that lack the scale and financial resilience of larger integrated players. The decline, driven by subdued global demand and increased supply, has disrupted cash flows across the value chain.

India’s equity, derivatives, and currency markets remained closed on Wednesday, November 5, in observance of Guru Nanak Jayanti — a major religious holiday commemorating the birth anniversary of Guru Nanak Dev, the founder of Sikhism. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) suspended trading for the day, while the Multi Commodity Exchange (MCX) observed a partial shutdown.

State-run miner and power producer NLC India Ltd reported a 26% decline in net profit for the second quarter of FY2025, primarily due to higher operating expenses and lower power generation. The company’s bottom line dropped to Rs. 730 crore compared with Rs. 986 crore in the same quarter last year, even as revenue rose marginally on improved realizations. Increased fuel costs, maintenance expenditure, and subdued lignite output weighed on performance.

Imagine Marketing Ltd, the parent company of consumer electronics brand boAt, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a major step toward its much-anticipated initial public offering (IPO). The listing aims to bolster the company’s balance sheet, expand manufacturing capabilities, and strengthen its innovation pipeline.

Real estate developer Vaishnavi Group is poised to achieve Rs. 1,200 crore in revenue from its residential and commercial projects in Bengaluru for the ongoing financial year, reflecting the city’s continued dominance in India’s real estate landscape. The company’s performance is driven by a surge in demand for premium and mid-segment housing, as well as steady traction in office and retail spaces.

In a move aimed at enhancing operational discipline and ensuring passenger safety, the Directorate General of Civil Aviation (DGCA) has announced that it will conduct monthly performance reviews of domestic airlines. The aviation regulator’s decision comes amid growing concerns over flight delays, maintenance practices, and compliance with safety protocols. These regular evaluations are expected to focus on key parameters such as on-time performance, technical reliability, passenger handling, and adherence to safety directives.

Kansai Nerolac Paints Ltd, one of India’s leading paint manufacturers, reported an 11% year-on-year increase in consolidated net profit for the quarter ended September 2025. The growth was driven by steady demand in both decorative and industrial segments, coupled with disciplined cost management and improved operating efficiencies. While input prices remained largely stable, strategic pricing actions and product mix optimization further supported margins.

Elon Musk’s Starlink, a subsidiary of SpaceX, has conducted a demonstration of its satellite internet services in Mumbai, marking a crucial step toward its official launch in India. The company is engaging closely with the Indian government to ensure full compliance with national security and regulatory frameworks, including data routing and domestic infrastructure requirements. As India pushes for digital inclusion in remote and rural areas, Starlink’s entry could reshape the country’s broadband ecosystem.

Shares of Ambuja Cements Ltd advanced after the company reported strong second-quarter earnings, underscoring its robust operational efficiency and sustained demand recovery in the construction sector. The cement maker, part of the Adani Group, posted a notable increase in both profitability and sales volume, supported by improved cost controls and a rebound in infrastructure and housing activity. Market analysts said the results reflect the firm’s strategic expansion and operational synergy within the Adani portfolio.

India’s bioeconomy is projected to surge to $300 billion by 2030, reflecting the nation’s accelerating momentum in biotechnology, bio-manufacturing, and sustainable agriculture. This growth trajectory underscores India’s ambition to become a global hub for bio-based industries, supported by strong research infrastructure, policy initiatives, and private-sector investments. As biotechnology applications expand across healthcare, energy, and environmental sectors, the country is positioning itself at the forefront of the green industrial revolution.