Jarvis Invest rounds up today’s stock market news as India’s retail inflation crosses the RBI’s 6% upper tolerance limit and Hindustan Aeronautics reports a 16% rise in quarterly profit. In banking, SMBC has outlined plans to consolidate its Indian operations under Yes Bank, while Fairfax sees IDBI Bank as the base for a wider financial services business. Adani’s cement refinancing, Kia’s proposed second plant and interest in India’s battery manufacturing incentives also feature in today’s roundup.
Stock market news | India’s retail inflation rises to 6.09% in October
India’s retail inflation for October 2026 spiked to 6.09% from 5.54% in September. The spike was largely led by food inflation rising to 8.94% in October. This is the twelfth consecutive month of higher inflation and CPI headline inflation is now up 584 bps since October 2025. Apart from food inflation, even core inflation was higher at 4.51% in October. Rural inflation was 122 bps higher than urban inflation. With inflation breaching the 6% upper tolerance limit of RBI, another rate hike looks on the cards in December, with one more hike likely in February 2027.
Stock market news | Adani to raise $2.5 billion to refinance cement acquisition debt
The Adani group will be raising $2.5 billion to refinance its ACC/Ambuja acquisition debt. MUFG, Barclays, and Sumitomo will refinance the debt. Ambuja is also planning aggressive capacity expansion to 155 million tonnes by FY30. The group is consolidating all its cement operations under the Ambuja banner. The original 3-year loan of $3.5 billion had been taken by the Adani group in 2023. The push for funding came after the resolution of its US legal proceedings, involving the group and its senior executives. Adani is the second largest cement player in India.
Stock market news | SMBC plans to consolidate its India operations under Yes Bank by FY29
SMBC of Japan, which recently acquired a majority stake in Yes Bank, has assured the RBI that all its banking and financial interests in India will be consolidated under the Yes Bank banner. This will happen by FY29. In recent weeks, there has been an added complication for SMBC after the recent SC order nullified the write-down of AT-1 bonds. In the first step, SMBC will make its banking subsidiary operational by consolidating branches. Then, India financial interests will be combined and that will be merged with Yes Bank to create a single financial entity in India.
Stock market news | Fairfax plans to build a universal banking business around IDBI Bank
Fairfax’s ₹52,878 crore deal to buy a 60.72% stake in IDBI Bank is part of a much bigger plan for India. Fairfax will look to consolidate its insurance and capital market operations into IDBI Bank to be able to offer a comprehensive suite of universal banking products. The price paid by Fairfax for the IDBI Bank stake was at a 56% premium to regulatory book value of IDBI bank and 15% premium to the closing price on 15-May. Government of India and LIC will together retain a 34% stake in IDBI Bank. It will enable IDBI Bank to compete with HDFC Bank, ICICI Bank, and SBI.
Stock market news | HAL’s Q2 FY27 profit rises 16% as margins narrow
Hindustan Aeronautics Ltd (HAL) reported 16% yoy growth in Q2FY27 net profits at ₹1,935 crore. Sales revenues for the quarter were up 15% at ₹7,613 crore. The net profits were also higher on a sequential basis, underlining that HAL had shown business traction on all fronts. EBITDA for the quarter was also up 12% yoy at ₹1,738 crore while the EBITDA margins tapered by 70 basis points to 22.8% in the quarter. This was largely on account of a sharper than expected spike in expenses. Most project executions at HAL have been on target in the current fiscal year.
Kia plans a $2 billion second manufacturing plant in Andhra Pradesh
Korean auto major, Kia Motors will invest close to $2 billion to establish a second manufacturing facility in the state of Andhra Pradesh. The facility will have an annual capacity of 200,000 units with a combined capacity of 600,000 units per annum across both plants. The new plant will support introduction of new models across ICE and EV powertrains. The project will generate nearly 12,000 jobs; both direct and indirect. Kia has emerged as one of the fastest growing auto player in Indian market, and second successful Korean player after Hyundai.
Twenty-two companies express interest in India’s 10 GWh battery PLI scheme
A total of 22 Indian companies have evinced interest in the production linked incentive (PLI) scheme for 10 GWh of advanced chemistry cells (ACC). These 22 companies include names like Reliance Industries, Vikram Solar, Amara Raja Advanced Cell Technologies, and Exide Energy. The idea is to push India’s battery manufacturing capabilities so that alternate energy output is also backed by adequate storage facilities. There were other bidders like ACME Solar, Avaada Electro, Fujiyama Power Systems, JSW Neo Energy, Megha Engineering, Waaree Energy etc.
Adani and Chile’s Codelco partner on copper exploration
Adani group has partnered with Codelco of Chile for a copper project to secure long term copper supplies. Kutch Copper Ltd, part of Adani group, and Codelco will explore the Kaburkaala copper project in Chile. It is in the Antofagasta region, one of the most prolific copper belts in Chile. With copper prices rising and copper likely to play an important role in defence, electronics, alternate power and EVs; Adani sees a huge opportunity in securing the supply chain. The plan is to connect the upstream copper resources in Chile with its smelting operations in Mundra.
Conclusion
Jarvis Invest’s stock market news roundup puts the December RBI decision in focus after retail inflation crossed 6%, with food prices driving the increase. HAL’s results show how higher expenses can squeeze margins even as sales grow. Kia’s proposed plant, interest in the battery PLI scheme and Adani’s copper partnership point to investment across vehicle production, energy storage and raw materials.
Disclaimer
This article is for informational and educational purposes only and should not be construed as investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research or consult a SEBI-registered investment adviser before making investment decisions.
