Indian stock market news on October 7, 2026: Reliance Communications faces a significant regulatory development after the Department of Telecommunications (DoT) issued communications terminating spectrum assigned through auctions held between 2010 and 2016. Meanwhile, Satin Creditcare Network reported strong Q2 FY27 growth, Inox Green Energy Services completed an acquisition of Wind World India's operations and maintenance business, and several companies disclosed corporate and regulatory updates. Global markets presented a mixed picture ahead of the Indian market session, with GIFT NIFTY trading lower while US indices and some Asian markets posted gains.
RCOM Faces Spectrum Termination; Resolution Plan Implications Under Review
Reliance Communications Limited (RCOM) and its wholly owned subsidiary, Reliance Telecom Limited (RTL), have received communications from the Department of Telecommunications regarding the immediate termination of spectrum assigned through auctions conducted between 2010 and 2016.
The DoT cited alleged non-compliance with auction terms and conditions, including unpaid deferred spectrum instalments and other charges, failure to meet rollout obligations, and defaults involving spectrum usage charges and liquidated damages. The action also refers to a Supreme Court judgment dated February 13, 2026.
RCOM and RTL have been directed to stop using wireless networks and services based on the terminated spectrum and comply with further DoT directions. The development could affect RCOM's ongoing resolution plan because spectrum usage rights are considered a key asset. The plan's approval is currently sub judice before the National Company Law Tribunal (NCLT), Mumbai Bench. RCOM is evaluating the financial and operational implications.
Satin Creditcare Network Reports Strong Q2 FY27 Growth
Satin Creditcare Network Limited reported growth in assets under management (AUM), disbursements and borrower additions during Q2 FY27.
Consolidated AUM reached ₹16,600 crore, up 31% year-on-year (YoY), while standalone AUM stood at ₹13,600 crore, an increase of 23%. Consolidated disbursements rose 41% YoY to ₹3,697 crore. For the first half of FY27, disbursements reached ₹7,192 crore, up 48% YoY.
Asset quality improved, with standalone gross non-performing assets (GNPA) declining to 1.9% from 3.5% a year earlier. The company raised ₹2,628 crore during the quarter, while marginal borrowing costs fell 55 basis points YoY to 10.28%. Its borrower base expanded by 1.9 lakh new clients, and it added 39 branches.
Inox Green Completes ₹550 Crore Wind World O&M Acquisition
Inox Green Energy Services Limited announced that its wholly owned subsidiary, Vibhav Energy Private Limited, has completed the acquisition of Wind World (India) Limited's operations and maintenance (O&M) business.
Vibhav paid ₹550 crore for the O&M undertaking as part of a resolution plan approved by the NCLT. Inox Green infused ₹450 crore into Vibhav, comprising ₹250 crore through an equity subscription and ₹200 crore through an inter-corporate deposit. Authum Investment & Infrastructure Limited provided another ₹100 crore through an inter-corporate deposit.
Other Corporate Updates: Oriana Power, Tenneco Clean Air and Ebix
Oriana Power: The company's board revised a proposed corporate guarantee for its subsidiary, Oriana Usolar Joint Venture Private Limited. The guarantee will cover the entire ₹460 crore working capital facility from State Bank of India, instead of the earlier 74%, subject to shareholder approval. The facility supports a 234 MW solar project on the DVC Maithon Dam Reservoir. The guarantee will be valid for 12 months and renewable annually. Oriana Power said it currently represents a contingent liability, with no immediate impact.
Tenneco Clean Air India: The company received a show-cause notice from Maharashtra's Deputy Commissioner of State Tax concerning alleged excess input tax credit of ₹28.55 crore for FY2022-23. The notice also cites potential interest of ₹22.44 crore and a penalty of ₹5.71 crore. The company is evaluating the allegations and preparing a response, stating that it believes it has grounds to contest the matter. It does not currently expect a material impact on its financials or operations.
Ebix Limited: The board approved the cessation of three independent directors and the appointment of three new non-executive independent directors. It also reconstituted several committees, including the Audit, Nomination and Remuneration, Stakeholders', Risk and ESG committees. Ravi Kumar Gupta was nominated as director and chairman of Ebix Inc., replacing Devender Kumar Garg under the Stockholders Agreement.
Asset Reconstruction Company (India): ARCIL's investor presentation reported FY26 total dues outstanding at acquisition of ₹1.32 lakh crore, AUM of ₹20,150 crore, total acquisitions of ₹5,959 crore, total income of ₹750 crore and profit after tax of ₹408 crore. Return on assets stood at 10.6%, while return on equity was 14.0%.
Global Markets Update: October 7, 2026
Global market indicators were mixed ahead of the Indian trading session.
In the US, the Dow Jones futures stood at 51,501.61, down 0.04%, while the S&P 500 rose 0.58% to 7,818.93 and the Nasdaq gained 0.45% to 27,599.79.
Across Asian markets, GIFT NIFTY traded at 22,741, down 0.15%, indicating a mildly negative early signal for Indian equities. Japan's Nikkei 225 declined 0.41% to 70,395, while Hong Kong's Hang Seng gained 0.99% to 24,280.56. The Shanghai Composite rose 0.31% to 3,842.19.
Market participants will be tracking these global indicators alongside company-specific announcements and regulatory developments as the Indian session begins.
Disclaimer: This article is for news and informational purposes only. It does not constitute investment, trading or financial advice.
