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News★India’s trade minister says the EU pact could take effect in early 2027
Commerce minister Piyush Goyal said on 22 October 2026 that India’s proposed free-trade agreement with the European Union could become operational within four to five months after signing, with the deal expected to be inked before year-end during his visit to Germany.
• policy• pramaan desk
News★Swiggy’s meal delivery unit made a record profit while Instamart losses widened
Swiggy reported on 22 October 2026 that September-quarter revenue rose 36% to about ₹7,571 crore and the consolidated net loss narrowed to ₹922 crore, as food delivery posted record adjusted core profit of about ₹349 crore while quick-commerce Instamart lost about ₹764 crore at the segment level amid heavier discounting and 69 new dark stores.
• markets• pramaan desk
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News
Sapphire Foods posted its strongest restaurant sales growth in four years
KFC and Pizza Hut operator Sapphire Foods India said on 22 October 2026 that September-quarter consolidated restaurant sales rose 20% year on year to about ₹885 crore, with KFC India same-store sales up 14% and adjusted EBITDA margin expanding 100 basis points to 7.1% even as the listed stock remained far below its 52-week high.
• markets• pramaan desk
News
The RBI rejected every bid at Thursday’s treasury bill auction
On 22 October 2026, the Reserve Bank of India accepted no bids at the scheduled sale of short-dated government treasury bills, the first full cancellation in about seven months, as investors demanded higher yields amid a bond selloff, oil-linked inflation fears, and expectations of more rate hikes after October’s policy minutes.
• policy• pramaan desk
News
Shiprocket is helping restaurants take orders without the aggregator
Shiprocket said on 22 October 2026 it is piloting a direct-ordering stack with Delhi-NCR chains Punjabi Angithi and Bikkgane Biryani, using its fastrr checkout and identity tools plus Shiprocket Quick deliveries so restaurants can chase repeat diners while paying less in third-party commission.
• markets• pramaan desk
News
Transrail Lighting is buying into a 990 MW solar portfolio in Maharashtra
Transrail Lighting said on 22 October 2026 it will invest about ₹20 crore for a 49% stake in NOPL Pace Green Energy, giving the transmission EPC firm a foothold in roughly 990 MW of solar projects tied to Maharashtra’s farm electrification scheme and a 25-year state utility power purchase contract at ₹3.10 per unit.
• policy• pramaan desk
Research
All research →AARTIIND · Specialty Chemicals
Aarti Industries: benzene chain recovery at a leveraged specialty multiple
TTM revenue near ₹9,010 cr; at ₹465 base FY27E offers ~16% upside to a Buy on margin and PAT rebound.
ALKYLAMINE · Specialty Chemicals
Alkyl Amines: integrated amines at a quality multiple after a flat FY26
TTM revenue near ₹1,540 cr; at ₹1,997 base FY27E offers ~5% downside, Neutral on trailing P/E near 45× with net cash.
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