Mankind Pharma Announces Merger, India To Capture Gig Workers And Housewives In Economic Survey
- PhonePe Invest
- 10 min read
- 26 Oct 2026
Snapping their losing streak, Nifty 50 and Sensex ended higher today, driven by a surge in IT stocks and capital market stocks.
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The hotel operator’s net profit rose 52.3% year on year to ₹201 crore in the second quarter of the financial year 2026-27, compared with ₹132 crore in the corresponding period last year. Revenue increased 25.5% to ₹1,054 crore from ₹840 crore a year ago. The company also announced plans to establish a wholly owned subsidiary in Dubai, marking a proposed expansion of its hospitality business in the United Arab Emirates.
MAHABANKThe public sector lender reported a 41.4% year-on-year (YoY) increase in net profit to ₹2,309.6 crore for the second quarter, compared with ₹1,633 crore in the corresponding period last year. The net NPA ratio fell to 0.12% from 0.18% a year earlier and 0.13% in the previous quarter. Domestic net interest margin (NIM) stood at 3.97%, while global NIM was 3.86%.
MANKINDThe company reported a 39.2% year-on-year rise in net profit to ₹712 crore for the second quarter, up from ₹511.5 crore a year earlier. Revenue from operations increased 17.3% to ₹4,338 crore from ₹3,697.16 crore in the year-ago quarter. Mankind Pharma’s board approved a scheme to merge its wholly owned subsidiaries Prolijune Lifesciences Private Limited and Pavi Buildwell Private Limited into the parent company.
DRREDDYThe pharmaceutical company reported a consolidated net profit of ₹913.4 crore for the September quarter, down from ₹1,426.8 crore in the corresponding quarter last year. However, its revenue declined 1.5% YoY to ₹8,671 crore from ₹8,805.1 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 24.2% to ₹1,783 crore from ₹2,351.1 crore a year earlier.
The lender’s net profit rose to ₹857.7 crore from ₹561 crore a year earlier. Net interest income (NII) increased 31.5% year-on-year to ₹2,820.1 crore from ₹2,144.4 crore. On asset quality, the bank flagged higher slippages linked to seasonal stress in tractor financing. Management identified El Niño, deficient rainfall and elevated oil prices as key risks to monitor. The third quarter will be important in assessing the impact, although the bank said it had not seen material stress through September.
Markets & Macro
India to capture gig workers and housewives in economic survey
India has proposed changes to its employment survey to better capture gig and digital platform workers, as well as unpaid household work such as caregiving and volunteering, the Ministry of Statistics and Programme Implementation said.
India to discuss roadmap to boost engineering exports
India is looking to strengthen its position in global engineering markets through better use of free trade agreements, improved access to raw materials and closer industry-government coordination. The Department of Commerce and engineering exports promotion body EEPC India held multiple discussions to chart a strategy to take the country’s engineering exports to $250 billion by 2030.
Shipping minister pitches India’s maritime opportunity to Korean industry
Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal has begun his four-day visit to South Korea on October 25, 2026, and pitched India’s maritime opportunity to Korean industry as the two countries work to expand shipbuilding cooperation. He said that India aims to become a globally competitive centre for shipbuilding, ship repair, maritime manufacturing and logistics under Prime Minister Narendra Modi’s Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047.
Strong macroeconomic fundamentals and policy interventions help cushion India against global headwinds
The article published in the Reserve Bank of India’s (RBI) October Bulletin has said that strong macroeconomic fundamentals and targeted policy interventions are helping cushion India against global headwinds, including rising inflation due to the West Asia crisis and ongoing trade tensions. It said renewed geopolitical frictions in West Asia and supply chain disruptions have amplified inflationary pressures, prompting major central banks to raise policy rates.
India brings back anti-dumping duty on Chinese titanium dioxide
India has reimposed anti-dumping duty of $460 to $681 per metric tonne on specified imports of titanium dioxide from China for five years, the Finance Ministry notified, following fresh findings by the Directorate General of Trade Remedies (DGTR) that the imports were dumped in the Indian market and had caused injury to the domestic industry.
FII & DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 23 Oct 2026 | 887.65 | 3,235.36 |
| 22 Oct 2026 | -3,458.70 | 2,891.32 |
| 21 Oct 2026 | 1,022.32 | 1,614.32 |
| 19 Oct 2026 | -1,148.64 | 3,201.19 |
| 16 Oct 2026 | 1,165.92 | -3,661.28 |
| Month-to-Date | -51,466.38 | 59,110.32 |
Corporate Actions
Ex-Date and Record Date: 27 October 2026
| Company | Corporate Action |
| Automobile Corporation Of Goa Ltd. | Buy Back of Shares |
| Cyient Ltd. | Interim Dividend ₹12.00 |
| Nippon Life India Asset Management Ltd. | Interim Dividend ₹9.50 |
Active & Upcoming IPOs
| Company | Date | Total Issue Size | Price Band | Minimum Investment |
| EAAA India Alternatives Ltd. | 26 to 28 Oct, 2026 | ₹1,200 Cr | ₹1585 to ₹1665 | ₹14,265 |
| BLS Polymers Ltd. | 27 Oct to 29 Oct, 2026 | ₹255 Cr | ₹142 to ₹150 | ₹14,200 |
| SFC Environmental Technologies Ltd. | 27 to 29 Oct, 2026. | ₹668 Cr | ₹313 to ₹330 | ₹14,085 |
| M.K.Sons Fine Jewels Ltd. | 28 to 30 Oct, 2026 | ₹275 Cr | ₹153 to ₹162 | ₹13,923 |
| Bombay Coated & Special Steels Ltd. | 29 Oct to 2 Nov, 2026 | ₹183 Cr | ₹78 to ₹82 | ₹14,196 |
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