The London Metal Exchange's new hot-rolled coil steel contract began trading on Tuesday, marking the first product from its collaboration with the Shanghai Futures Exchange. More than 550 lots traded in the first two active months, while two 2027 contracts were held back over a potential technical issue.

For payments companies, investors will assess impact of merchant discount rate

Allied Blenders and Distillers reported a net profit increase of 9.7% in the September quarter of FY27. The company's revenue from operations rose by 6.8% compared to the previous fiscal year. Total expenses for the quarter were recorded at Rs 1,946.3 crore, reflecting a 6.51% rise. Total income, including other income, increased by 6.74% at Rs 2,089.46 crore in Q2 FY27. The shares of ABD closed at Rs 692.

Indus Towers reported a 2.5% decline in consolidated net profit for the second quarter ended September 30. The company experienced a 4% increase in consolidated revenue, while EBITDA saw a slight rise of 0.4%. Tower and co-location bases grew by 5.6% and 5.9%, respectively, contributing to improved performance. Strong customer demand and cash generation were highlighted as key growth drivers.