Business Brief:Infosys’ PAT grows 13.2% annually to ₹7,364 crore in Q2 FY26; silver becomes cheaper by ₹10,000  in last 2 days

Here’s a brief outlook on today’s key events and a recap of major business news headlines on Thursday. Before yesterday’s big news, today’s headlines to watch… Now read yesterday’s big news… 1. Silver becomes cheaper by ₹10,000 in two days: Price had risen by ₹35,666 in 20 consecutive days; Gold crosses ₹1.27 lakh, increased by ₹51,000 this year Gold continued to rise for the 15th consecutive day. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold on (October 16) increased by ₹757 to reach an all-time high of ₹1,27,471. Yesterday it was at ₹1,26,714. 2. Infosys profit grows 13.2% in second quarter: Reaches ₹7,364 crore, announces dividend of ₹23 per share; 8,000 new hirings Infosys’ consolidated net profit in July-September quarter increased by 13.2% to ₹7,364 crore compared to the same quarter last year. In the same quarter last year, it was ₹6,506 crore. Meanwhile, revenue increased by 8.6% to ₹44,490 crore, which was previously ₹40,986 crore. 3. Ola launches home battery system: Can run AC, fridge too; starting price of ₹30,000 Ola Electric launched its first non-vehicle product Ola Shakti today on October 16. This is a home battery system that stores electricity from solar or grid. Its starting price is ₹29,999, which can be booked from website or store by paying ₹999. Its delivery will start from Makar Sankranti 2026. 4. Zomato’s revenue tripled, but profit declined: Decreased by 63% to ₹65 crore in second quarter; share fell 4% Online food delivery company Zomato (Eternal Limited) has earned a profit (consolidated net profit) of Rs 65 crore in the second quarter of financial year 2025-26 (Q2FY26). This is 63% less compared to the same quarter last year. In Q2FY25, the company had earned a profit of ₹176 crore. 5. India’s exports to America decreased by 37.5% in four months: Traders not sending clothes-jewelry to US at expensive prices; impact of Trump’s 50% tariff After the US imposed 50% tariff on Indian goods, exporting goods from India to America has become expensive for exporters. As a result, there has been a significant decline of 37.5 percent in exports to America in the last four months. Know the latest prices of petrol-diesel and domestic gas cylinders… ​