IRDAI's commission-cap consultation confirmed on track, no dilution yet Financial Services
IRDAI's Sept 23 consultation paper ('Recalibrating Economics of Insurance Distribution') remains open for comment until Oct 25, 2026, confirming first-year commission caps of 20% (distribution entities) / 25% (agents) on long-tenor individual products, stepping down to 12.5% within five years, plus a requirement for life insurers to bring Expense of Management to 15% of GDPI within two years. No sign yet of the proposal being watered down ahead of formal notification.
REC-PFC merger on track for April 2027, though guided loan growth reads lower than the standing claim Financial Services
PFC's FY26 investor meet guided ~10% FY27 loan growth for the combined entity, below the 11-12% figure cited in the existing open claim, with the REC-PFC merger still targeted for completion by April 1, 2027 into a ~Rs11.5 trillion combined loan book. REC's own Q1 FY27 showed Rs4,149cr standalone net profit and a Rs5.90 lakh crore loan book; no Q2 results yet to test whether growth holds at the guided pace.
DOMS's Q1 FY27 margin collapse reconfirmed, recovery still untested Retail & Consumer
Coverage this week reconfirmed DOMS's Q1 FY27 EBITDA margin fell to 12.3% from 17.6% on West Asia-linked input inflation, with only 4-5% pricing pass-through against 10-11% cost inflation. The company is commissioning a new 300,000 sq ft facility by Q2-end to support growth. Q2/Q3 FY27 results, due after the Sept 30 quarter-end, are the real test of management's guided margin recovery toward 16-17% by FY28.
Engineers India's order inflow pace picks up, though still shy of full-year guidance Construction & Materials
EIL's FY27 order inflows have reached roughly Rs3,565cr as of late September (Rs2,492cr domestic + Rs1,073cr international), up from Rs2,750cr at end-Q1 — a pickup of ~Rs800cr in the September quarter alone. Management points to Q3/Q4 historically being stronger booking quarters, and the company separately signed a $450mn+ Dangote Group EPCM contract for a Kenya refinery project, though it's unclear whether that is included in the inflow figure. Pace is improving but still behind a linear run-rate to the Rs8,000cr full-year guide.
Aegis Logistics in advanced talks to acquire Tristar Holdings for $1.5bn Energy & Power
Aegis Logistics is reported in advanced discussions to acquire UAE-based Tristar Holdings, the largest privately-owned liquid logistics company in West Asia, valuing it at roughly $1.5bn — a deal that would meaningfully expand Aegis's scale and geographic exposure if it closes. It follows a strong Q1 FY27 (212% profit growth, 184% EBITDA growth YoY) and guided capex of Rs10,000cr by FY27.