Author: Legal Parivar

The India Meteorological Department (IMD) has issued a warning for a “severe cyclonic storm” named Montha, which is expected to make landfall later today. Originating as a deep depression over the Bay of Bengal, the system intensified into Cyclone Montha, and as of October 27 at 11:30 PM, it was centered near latitude 14°N and longitude 83.5°E. According to IMD, Montha is currently packing winds of 90–100 kmph, gusting up to 110 kmph, and continues to strengthen as it approaches the coastline. The cyclone was last located 280 km south-southeast of Machilipatnam, 360 km south-southeast of Kakinada, 410 km south…

Let’s catch up on the latest developments from Dalal Street. From major quarterly results to new deals, appointments, and order wins — here’s a quick look at the stocks likely to be in focus in today’s trade. 🧾 Results Scheduled for Today Companies announcing their quarterly earnings include Shree Cement, Tata Capital, TVS Motor Company, Mahindra & Mahindra Financial Services, Aditya Birla Real Estate, Adani Green Energy, Adani Total Gas, Blue Dart Express, Computer Age Management Services, CarTrade Tech, CreditAccess Grameen, Happiest Minds Technologies, ICRA, Jindal Steel, Novartis India, Premier Energies, Samhi Hotels, Star Health and Allied Insurance Company, Sundram…

Rail Vikas Nigam Ltd (RVNL) shares are likely to remain in the spotlight on October 28 after the company announced that it has emerged as the lowest bidder for a major North Eastern Railway project. The contract involves the construction of a bridge substructure with a double D-type well foundation for a double line designed for RDSO 25T axle loading standards. The bridge will span the river Gandak between Paniyahwa and Valmikinagar stations, as part of the doubling work between Gorakhpur Cantt and Valmikinagar. The project, valued at ₹165.54 crore, is expected to be completed within 24 months, according to…

A powerful 6.1-magnitude earthquake struck western Turkey late Monday, causing several previously damaged buildings to collapse and injuring at least 22 people, according to local authorities. The quake was centered in the town of Sindirgi in Balikesir province, hitting at 10:48 PM local time (1948 GMT) at a shallow depth of 5.99 kilometers (3.72 miles). Tremors were felt across nearby provinces, including Istanbul, Bursa, Manisa, and Izmir, and were followed by multiple aftershocks. Interior Minister Ali Yerlikaya confirmed that at least three unoccupied buildings and a two-story shop collapsed in Sindirgi — all of which had already been weakened by…

The Securities and Exchange Board of India (SEBI) has granted approval to five companies — Milky Mist Dairy Food, Curefoods India, Kanodia Cement, Steamhouse India, and Gaja Alternative Asset Management — to move ahead with their initial public offerings (IPOs). Steamhouse India and Gaja Alternative Asset Management had opted for the confidential filing route, which also received SEBI’s nod to proceed. SEBI’s October Update: Over 80 IPOs Under Review According to SEBI’s latest “Processing Status of Draft Offer Documents” report (as of October 24, 2025), more than 80 IPO drafts remain under review, including filings from PhonePe, Meesho, and Shiprocket.…

Ola Electric on Monday unveiled ‘Hyperservice’, a new open platform that allows independent mechanics and garages across India to directly purchase company-certified genuine spare parts via Ola’s customer app and website — eliminating intermediaries. Until now, these spare parts were available only within Ola’s proprietary service network. The company also announced plans to introduce diagnostic tools and technician certification programs later this quarter as part of the platform’s next development phase. “We’ve built our service ecosystem from the ground up — fast, transparent, and efficient through technology. With the scale-up of Hyperservice, we are extending this capability to everyone,” said…

Mazagon Dock Shipbuilders Ltd (MDL), the state-run defence PSU, announced its Q2 FY26 results on October 27, 2025, reporting a 28% year-on-year (YoY) rise in consolidated net profit, while revenue grew 6.25% during the same period. The company’s board of directors, which met today to approve the quarterly financial results, also declared a first interim dividend of ₹6 per equity share (face value ₹5 each) for the financial year 2025–26. The dividend will be paid to shareholders by November 26, 2025. Financial Performance Mazagon Dock’s profit growth was driven by steady execution of ongoing naval and submarine projects, along with…

The Indian National Centre for Ocean Information Services (INCOIS) and the India Meteorological Department (IMD) on Monday issued a joint warning predicting high sea waves ranging from 2 to 4.7 metres along the Andhra Pradesh coast from Nellore to Srikakulam as Cyclone ‘Montha’ intensifies into a cyclonic storm. According to the agencies, the high wave activity is expected to last for six hours — from 5:30 pm to 11:30 pm on October 27. “High waves between 2 and 4.7 metres are forecast during 5:30 pm to 11:30 pm off the Andhra Pradesh coast from Nellore to Srikakulam,” the bulletin stated.…

PNB Housing Finance Ltd on Monday reported a 24% year-on-year rise in consolidated net profit to ₹582 crore for the quarter ended September 2025, driven by robust performance in the affordable and emerging market segments. The company’s net interest income (NII) grew 14.4% to ₹765 crore, while its net interest margin (NIM) stood at 3.67%, marginally lower than 3.74% in Q1 FY26 and 3.68% in the same period last year. Operating expenses rose 7.6% to ₹217 crore during the quarter. Management expects NIMs to remain within the 3.6–3.7% range for the remainder of the fiscal year. Strong Disbursement Momentum Disbursements…

Qualcomm Inc. saw its biggest share rally since 2019 on Monday after launching a new lineup of artificial intelligence (AI) processors and computing systems aimed at the booming AI data centre market, directly challenging industry leader Nvidia Corp. The chipmaker’s stock surged 22% to $205.95, while Arm Holdings Plc, which supplies foundational chip technology used by Qualcomm, rose 4.7% to $178.69. Qualcomm’s Push Into AI Data Centres The San Diego-based company, best known as the world’s largest maker of smartphone processors, is now seeking to capture a slice of the fast-growing AI infrastructure market — one that has already reshaped…