Business

HP High Court says bank's COVID-19 moratorium extension cannot bypass RBI NPA rules

The Himachal Pradesh High Court ruled that a bank’s extension of the COVID-19 loan moratorium cannot override the Reserve Bank of India’s guidelines on classifying loans as non-performing assets.

12 Oct 2026

US PERM Suspension Likely to Spare Indian IT Firms, Kotak Says

The suspension of the US PERM labor certification process is expected to have limited impact on Indian IT companies, according to a Kotak Mahindra Bank report.

12 Oct 2026

NIO Shares Drop Overnight Amid 500th Guangdong Swap Station Launch, Yet Goldman Projects 96% Upside

NIO's shares fell overnight after the company announced its 500th battery‑swap station in Guangdong, but Goldman Sachs remains bullish, forecasting a 96% upside on a projected profit turnaround.

12 Oct 2026

McCain Foods to Acquire Falcon Agrifriz Potato Processing Unit in Gujarat

McCain Foods, the Canadian potato processor, has announced its acquisition of Falcon Agrifriz Foods’ potato processing business in Gujarat, India.

12 Oct 2026

Mehul Telecom launches three new franchise outlets in Gujarat

Telecom retailer Mehul Telecom has inaugurated three franchise retail stores across Gujarat, expanding its regional footprint.

12 Oct 2026

Raymond to Set Up New Manufacturing Unit in Andhra Pradesh

Raymond Limited announced plans to expand its production capacity by setting up an additional manufacturing facility in Andhra Pradesh, aiming to strengthen its supply chain and meet growing demand.

12 Oct 2026

Raymond Expands Andhra Pradesh Production with New Greenfield Plant

Raymond has announced the expansion of its manufacturing footprint in Andhra Pradesh by launching a new greenfield plant, boosting production capacity and strengthening its presence in the region.

12 Oct 2026

Gujarat classifies 268 talukas into two categories under new industrial policy

The Gujarat government has split 268 talukas into two categories under its new industrial policy, aiming to attract investment by offering differentiated incentives.

12 Oct 2026

Business Today Names HDFC Life, Bank of Maharashtra, Fortis as Top Buy Stocks

Business Today has highlighted HDFC Life, Bank of Maharashtra and Fortis as leading stocks for investors to consider, urging them to review the latest price targets.

12 Oct 2026

India Aims for 604 Million Tonnes Steel Capacity by 2047, Targets Lower Coking Coal Imports

India has set a target to raise its steel production capacity to 604 million tonnes by 2047. At the same time, it seeks to cut dependence on imported coking coal for steelmaking.

12 Oct 2026

Nagaland State Lottery draws scheduled for 12 Oct 2026 at 1 PM, 6 PM and 8 PM

The Nagaland State Lottery announced three draws on 12 Oct 2026 at 1 PM, 6 PM and 8 PM, with live results and a full winners list released by Goodreturns.

12 Oct 2026

Kerala Bhagyathara BT-75 Lottery Draw Announces ₹1 Crore First Prize at 3 PM on Oct 12

The Kerala State Lottery Department held the BT-75 draw today, October 12, with a first‑prize worth ₹1 crore announced at 3 PM.

12 Oct 2026