
Satia Industries restarts Paper Machine-3 after upgrade
Satia Industries Ltd has successfully restarted its Paper Machine-3 (PM-3) at its manufacturing facility in Rupana, Punjab, on September 7, 2026. This restart follows a significant technological upgrade and rebuild project. The machine is currently undergoing trials and testing, with commercial operations expected to commence upon successful completion of these activities. The company is closely monitoring its performance during this phase.

UCO Bank Revises Benchmark Interest Rates Effective Oct 8, 2026
UCO Bank's Asset Liability Management Committee (ALCO) has reviewed and decided to revise several benchmark interest rates, effective October 8, 2026. While the Marginal Cost of Funds Based Lending Rate (MCLR) across tenors remains unchanged, other benchmark rates have seen adjustments. Notably, TBLR (3-month) increases to 5.30% from 5.25%, TBLR (6-month) to 5.70% from 5.55%, and TBLR (12-month) to 5.95% from 5.70%. The UCO G-Sec Rate (1-year) is revised to 6.26% from 5.88%, and the 10-year G-Sec Rate YTM increases to 7.32% from 7.09%. Repo Linked Rates also see upward revisions. The Base Rate and BPLR remain static at 9.60% and 14.25% respectively.

Baba Arts Ltd: Promoter Sells 62.29% Stake in Off-Market Deal
Gordhan P. Tanwani, a promoter of Baba Arts Ltd, has sold 3,27,00,000 equity shares, representing 62.29% of the total equity, to M/s. Skybridge Interactive LLP via an off-market transfer. The transaction, based on a Share Purchase Agreement dated February 25, 2026, occurred on October 6, 2026. Following the sale, Tanwani's holding in the company has reduced from 74.67% to 12.38%. The total equity share capital of Baba Arts Ltd remains ₹5,25,00,000 both before and after the transaction.

Karur Vysya Bank Revises External Benchmark Rate - Repo Linked
Karur Vysya Bank Ltd has announced a revision in its External Benchmark Rate - Repo linked (EBR-R). Effective October 8, 2026, the EBR-R will be adjusted from 8.55% to 8.80%. This change is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The revision indicates a potential shift in the bank's lending rates and cost of funds, which could impact its net interest margins and loan book growth.

Federal Bank Launches Verto Resident Savings Account
Federal Bank Ltd has announced the launch of its new product, the Verto Resident Savings Account. The launch took place on October 7, 2026, and the product is designed for the domestic market. This initiative is part of the bank's ongoing efforts to expand its product offerings and cater to the needs of resident customers in India.

Hexaware Named Visionary in Gartner Magic Quadrant for Custom Software Development
Hexaware Technologies has been recognized as a Visionary in the 2026 Gartner Magic Quadrant for Custom Software Development Services. The company attributes this positioning to its strategy of delivering custom software development through persistent engineering pods, powered by its proprietary AI platform stack and a talent model focused on senior engineering expertise. Hexaware's AI-native delivery approach, utilizing platforms like RapidX®, Agentverse™, and Tensai®, aims to accelerate software builds and modernization programs for clients through AI-driven automation and human supervision.

Polyplex Subsidiary Adds 12,000 MT/Year BOPP/BOPE Capacity
Polyplex Corporation Ltd's material subsidiary, Polyplex (Thailand) Public Company Limited (PTL), has approved a project to install a second-hand 6.6 mtr, five-layer BOPP/BOPE film line in Thailand. This expansion will add 12,000 MT/Year to PTL's existing capacity of 98,045 MT/Year, which is currently operating at 80% utilization. The project is expected to be completed by Q4 FY2027-28 with an investment of USD 15.2 million (approximately INR 147 Crores), financed through internal accruals. The rationale for this expansion is to grow the company's business. The main equipment is being acquired from Taghleef Industries Inc., USA, for approximately USD 2.91 million.

S.J.S. Enterprises Expands Capacity by 20% with ₹45 Cr Investment
S.J.S. Enterprises Ltd has announced a significant capacity expansion at its Bengaluru facility, adding approximately 20% to its existing capacity. This expansion, requiring an investment of ₹45 crore, is funded through internal accruals. The company anticipates that commercial production from the new capacity will commence in the third quarter of the financial year 2027 (Q3 FY27). This strategic move is aimed at meeting growing customer demand and supporting the company's overall business growth. S.J.S. Enterprises will provide a separate intimation upon the commencement of commercial production.

Bank of Baroda Revises BRLLR by 25 bps to 8.15% effective Oct 8, 2026
Bank of Baroda has announced a revision in its Baroda Repo Based Lending Rate (BRLLR), effective October 8, 2026. The BRLLR will be adjusted from 7.90% to 8.15%, marking an increase of 25 basis points. This change is primarily driven by an upward revision in the Repo Rate component of the BRLLR, which will move from 5.25% to 5.50%. The Mark-up component remains unchanged at 2.65%. This adjustment is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Indian Overseas Bank Revises EBLR to 8.35% w.e.f. 08.10.2026
Indian Overseas Bank has announced a revision in its External Benchmark Lending Rate (EBLR). Effective October 8, 2026, the Repo Linked Lending Rate (RLLR) will be updated from 8.10% to 8.35%. This change will remain in effect until further review by the bank. The revision is a standard operational update for the bank's lending practices.