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Customs investigators have held dozens of containers of bulk Scotch imported by Pernod Ricard and Diageo, seeking a 150% tariff instead of the reduced 75% duty under the India-UK trade pact. Business Standard reported that the investigators argue bulk Scotch concentrates used to make whisky brands do not qualify for the pact's lower duty. BusinessLine said the commerce ministry has given an assurance, but the issue is not resolved and dozens of shipments are stuck at ports. The Economic Times reported the same detention and the same 150% versus 75% dispute. A tariff is the tax customs charges on imported goods; the India-UK trade pact is the agreement that sets lower duties on many goods traded between the two countries. The outlets do not give the value of the held shipments.

AI summary of what Business Standard, BusinessLine and Economic Times reported. AI can make mistakes. Read the full story on Business Standard

Fortune India reported that the Sensex rose over 1,190 points and the Nifty reclaimed 25,350, with IndiGo and M&M among the top gainers. Livemint reported that IndiGo shares rose 5% and were among the top Nifty 50 gainers. It said the stock opened at ₹5,520 on the NSE, against a previous close of ₹5,430 on Monday, and touched an intraday high of ₹5,692.30 on Wednesday. The Sensex and Nifty are the two main Indian stock market indices; the Sensex tracks 30 large companies on the BSE and the Nifty 50 tracks 50 large companies on the NSE. This is the analyst's view, not Hypeless's.

AI summary of what Fortune India and Livemint reported. AI can make mistakes. Read the full story on Fortune India

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Ashoka Buildcon shares rose after the company won a National Highways Authority of India (NHAI) contract for the Vadodara-Mumbai Expressway. Business Standard reported a 15% rise and put the order at ₹866 crore, for the balance work on an eight-lane, access-controlled stretch. Livemint reported a rise of as much as 14% and put the contract at ₹865.90 crore, covering a 26.6-km expressway section in Gujarat. Livemint also said the stock is still down 43% over one year, and that Q2 FY27 revenue fell 18.72%. A Letter of Acceptance is the formal award document a client issues to the winning bidder. Q2 is the July to September quarter, the second quarter of India's financial year. A crore is 10 million.

AI summary of what Business Standard and Livemint reported. AI can make mistakes. Read the full story on Business Standard

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The government has banned the export of unsorted battery waste and scrap with immediate effect. ET Now reported the ban as immediate. The Economic Times said it applies to primary cells, batteries and electric accumulators that do not contain hazardous substances. Primary cells are single-use batteries, the kind that cannot be recharged. Electric accumulators are rechargeable batteries. Unsorted means the waste and scrap has not been separated by type before shipment. The reports do not give a reason for the ban, a date of notification or any penalty for breaking it. A ban on exports means such material cannot be shipped out of India.

AI summary of what Economic Times and ET Now reported. AI can make mistakes. Read the full story on Economic Times

BusinessLine reported that Moody's raised India's FY27 growth estimate to 7%, citing broad-based momentum, while flagging near-term risks from price pressures on household spending.

AI summary of what BusinessLine and Business Standard reported. AI can make mistakes. Read the full story on BusinessLine

CNBC TV18 reported that BHEL shares rose 3% after the company won a second order from Power Grid in a week, worth up to ₹900 crore. Financial Express reported the same order value and said it is for a Gujarat renewable energy project. CNBC TV18 said the work covers design, engineering, manufacturing, supply, erection, testing and commissioning of two synchronous condensers rated +300/-200 MVAR. A synchronous condenser is a rotating machine that helps steady voltage on the power grid, which matters more as renewable power, such as solar and wind, is added. MVAR is a unit of reactive power, the kind of power used to hold voltage steady rather than to run appliances. The reports do not give the order's duration or the share of BHEL's annual revenue it represents.

AI summary of what CNBC TV18 and Financial Express reported. AI can make mistakes. Read the full story on CNBC TV18

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Tyre maker MRF reported a 22.8% fall in net profit for the July-September quarter, Economic Times reported, even as revenue from operations rose 17.4% to ₹8,660.19 crore from a year earlier. The outlet linked the profit fall to higher input costs. Zee Business put the profit decline at 23%. This is the analyst's view, not Hypeless's. Q2 is the July-September quarter, the second of India's financial year. Net profit is what is left after all costs and tax; revenue is the money earned from sales.

AI summary of what Zee Business, CNBC TV18 and Economic Times reported. AI can make mistakes. Read the full story on Zee Business

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