From flight business to on the ground business: SpiceJet says that it has incorporated a wholly-owned subsidiary that would engage in real estate business. The new subsidiary 'Canvin Real Estate Pvt Ltd' has a paid capital of Rs 1 lakh.

September quarter GDP data is due on Thursday, and many are expecting growth to be an improvement over the 5.7% logged in the June quarter. However, sales tax growth is counted in the GDP estimates, and the GST rollout would consequently impact calculations of the GDP number. 

Nestle India, the makers of Maggi instant noodles, has been fined Rs. 45 lakh by the district administration in Uttar Pradesh's Shahjahanpur over what they claimed was contamination of samples. The administration said Nestle distributors in the region have been fined Rs. 17 lakh, taking the total penalty to Rs. 62 lakh including the amount Nestle India has been asked to pay. Nestle says that this looks like "the application of incorrect standards". 

The Hyderabad Metro started service on Tuesday, and the fare hike by 150% is likely to benefit Larsen & Toubro (L&T), says CLSA. However, the delays in completing the project are leading to cost overruns. L&T has reportedly sought more than two years for completion of the Hyderabad Metro project, and the delays have increased the estimated cost of the project from over Rs 14,100 crore to Rs 18,800 crore. The administration said that is in talks with L&T to try and resolve the issue.