]
Business: Punjab National Bank (PNB) expects treasury income of around Rs 1,500 crore and improvement in margins in the third quarter of the current financial year 2025-26. Treasury income is a bank’s income from securities investments, foreign exchange trading and financial instruments. PNB Managing Director and CEO Ashok Chandra on Tuesday said the bank had a total treasury income of Rs 1,800 crore during the first two quarters of 2025-26.
Tata Motors: Supply of more than one lakh cars
Tata Motors Passenger Vehicles Ltd supplied more than one lakh passenger vehicles in the 30 days from Navratri to Diwali, an increase of 33 per cent compared to the same period last year. Shailesh Chandra, managing director and chief executive officer (CEO), Tata Motors Passenger Vehicles Limited, said the highest number of SUVs were supplied during the festive season. There was also strength in the electric vehicle category.
Prices of special fertilizers increasing due to China stopping exports
India is preparing to tackle increased fertilizer prices ahead of the crucial Rabi (winter) crop season after China stopped exports of urea and specialty fertilizers. China recently resumed fertilizer exports with increased inspections from May 15 to October 15. However, it has now suspended exports until further notice. This is affecting not only India but also global markets. The ban includes conventional fertilizers like DAP and urea along with specialty fertilizers like TMAP (technical monoammonium phosphate) and urea-solution products like AdBlue. Rajib Chakraborty, president of the Soluble Fertilizer Industry Association, said, I believe the ban on exports will last for the next five to six months. India imports about 95 percent of its special fertilizers from China. These include phosphates like TMAP and emission control fluids like AdBlue. Prices of specialty fertilizers, which are already unusually high, may increase by 10-15 per cent in the domestic market due to China’s export restrictions, he said. About 2,50,000 tonnes of special fertilizers are consumed every year in India. About 60-65 percent of it is utilized during the Rabi season.
Three percent growth in eight basic industries on the strength of steel
The production of eight major basic industries of the country increased by three percent on an annual basis in September 2025 due to better performance of steel and power sectors. However, there has been a decline in the growth rate of production on a monthly basis.
- The growth rate of production was 6.5% in the month of August.
- Production of basic industries increased by 2.4% in September, 2024
growth in these areas
- Steel sector production reached 14.1%
- Growth rate in electricity sector was 2.1 percent
Decline in fertilizer and cement
- Growth of fertilizer sector reduced to 1.6 percent from 1.9 percent
- Cement production fell from 7.6 percent to 5.3 percent.
- The growth rate of eight basic industries declined to 2.9 percent in the first half (April-September) of the current financial year.
- Production had increased by 4.3 percent in the same period a year ago.
Commerce Minister Piyush Goyal met German business leaders, focus remained on renewable energy
Union Commerce Minister Piyush Goyal met the Vice Chairman of the International Electrotechnical Commission and several prominent German business leaders in Delhi. Issues of renewable energy, technology and sustainable development were discussed in this meeting. In a meeting with Vimal Mahendru, Special Representative of the United Nations for Sustainable Development and Vice-Chairman of the International Electrotechnical Commission, he talked about the issues of transition to renewable energy, solar energy, energy saving. Also, in the meeting with several German business representatives, the Commerce Minister talked about increasing digital infrastructure and manufacturing.
