The Reserve Bank of India has fined Union Bank of India for mishandling soiled notes and ATM cash out. However, the bank claims that the penalty will not greatly affect its operations. Amresh Prasad has been appointed as the new Executive Director. The bank's Q2 results showed a decrease in net profit and net interest income.
Karoline Leavitt's relative, Bruna Ferreira from Brazil, was arrested by ICE for overstaying her visa. She has an 11-year-old son and was in a relationship with Leavitt's brother. Her lawyer claims she was eligible for DACA and a GoFundMe page has been set up to help with her legal costs. The Leavitt family has not commented on the arrest.
AI investor Michael Burry and chipmaking giant Nvidia are at odds over the sustainability of the AI industry. Burry, famous for predicting the 2008 housing market crash, has accused Nvidia of deflating shareholder value through stock-based compensation, comparing them to Cisco in the dotcom era.
The Interest Equalisation Scheme (IES) will be reintroduced next week, offering a 2.5% to 3% interest subsidy on pre and post shipment credit. The maximum annual benefit will be Rs 50 lakh per exporter, with a focus on sectors with high US duties. Previously offering a 3% subsidy to MSMEs and manufacturers, the scheme ended in 2024. Exporters are seeking a higher limit of Rs 10 crore.
India's LPG market heavily relies on imports, with Middle Eastern countries accounting for most of the supply. A new long-term agreement with the US for 2.2 million tonnes per annum aims to diversify and reduce exposure to traditional suppliers. LPG consumption has increased, driven by household penetration and commercial/industrial use. Refining additions will not bridge the supply gap
The highly anticipated documentary series, titled "Sean Combs: The Reckoning," produced by rapper 50 Cent, will be released on Netflix on Dec 2, 2025. The series will delve into the shocking allegations and lawsuits surrounding hip-hop mogul Sean 'Diddy' Combs, including his recent conviction for transportation for prostitution.
FBI and DOJ collaborating to release more information from Epstein files, including federal investigation records, witness interviews, and autopsy report. Files may expose prominent figures connected to Epstein. Partial release already made, full collection expected by December 19 with potential for some files to be withheld for national security.
The Cabinet has approved two railway projects worth Rs 2,781 crore in Maharashtra and Gujarat. These projects will add 224 kms to the rail network, improve connectivity in Mumbai suburban area and 585 villages, and increase freight carrying capacity by 18 MTPA.
New York City Mayor-elect Zohran Mamdani may receive a 16% pay raise, proposed by the City Council in a new bill. This would also apply to other senior officials and bring Mamdani's salary to nearly $300,000. The bill will be introduced next week and a hearing is expected by the end of the year. Mamdani's stance on the bill, given his focus on affordability, remains to be seen.
India's rooftop solar capacity experienced a remarkable growth of 4.9 GW in the first nine months of 2025, recording a 161% increase compared to the previous fiscal year. The third quarter alone saw an addition of 2.1 GW, the highest to date. The PM Suryaghar Muft Bijlee Yojana and industrial demand were major drivers, with Uttar Pradesh, Maharashtra, and Gujarat leading in installations.
Mithun Chakraborty, known as the "Mahaguru" of Bollywood, rose to fame in the 70s with his impeccable acting and dancing skills. Despite starring in 180 flops, he has also been a part of over 350 films, with 50 certified hits. His success has led to a Rs 400 crore empire, including luxury properties, hotels, and cars. At 75, he continues to act and is set to appear in multiple movies
The final season of Stranger Things is finally here, and the Hawkins Heroes are up against their toughest foe yet, Vecna. The first five minutes are intense as Will faces a Demogorgon in the Upside Down. The first four episodes of Volume 1 will be released on November 26, with the rest of the season coming in December. Get ready for a thrilling and chilling adventure.
December is set to see a record-breaking number of IPOs in India, with 28 firms aiming to raise Rs 48,000 crore. This could make 2025 the biggest year for fund mobilisation in the country. The rise in IPOs is due to a high number of PE and VC backed firms, growing retail involvement, and foreign investor interest.
A Brazilian student, Luisa Janssen Harger Da Silva, received $82 million from a jury after losing her arm and leg in a train accident in NYC. The lack of safety measures on the subway platform caused the accident, and the MTA is appealing the verdict. Train accidents in NYC are a rising issue, with 1,000 injuries and 30 fatalities reported in 2024.
Every Thanksgiving, the US President "pardons" turkeys from becoming part of the holiday meal and sends them to live on a farm. This year, President Trump pardoned two North Carolina birds, while last year, President Biden pardoned two others. The tradition dates back to the 19th century and became a formal event in 1989 under President George H.W. Bush.
Bollywood actor Arjun Kapoor shared insights on the changing business of the industry at a FICCI event, highlighting the importance of gut-based decisions in acting and the increasing role of social media and OTT platforms. He also discussed the shift in revenue sources, with theatrical revenue now being a bonus rather than the main source of income.
The 2025 MAMA Awards will feature a special collaboration between K-pop idol groups, bringing the animated world of KPop Demon Hunters to life. Real-life artists will play the roles of the film's fictional music acts, HUNTR/X and Saja Boys, in a one-of-a-kind crossover. The lineup for these showcases has been announced, with BABYMONSTER and BOYNEXTDOOR members taking on the roles.
Thermax Group secures Rs 580 crore order from Dangote Industries for utility boilers and associated systems for their Nigerian complex. Order includes project management, engineering, procurement, manufacturing, and supervision of construction and commissioning. Thermax's stock price has declined in the past month and six months, but continued partnership with Dangote
RBI Deputy Governor Poonam Gupta assures that the central bank's inflation forecasting is unbiased and uses a variety of models and expert discussions. Concerns over overestimation of inflation numbers and its impact on rate cuts are acknowledged. The RBI is also looking to improve its data on balance of payments by releasing it on a monthly basis.
Taiwan-born influencer Pei-Yun Chung has gained notoriety for repeatedly dining and dashing at lavish NYC restaurants. Despite facing arrests and charges, she shows no remorse and flaunts her extravagant lifestyle on social media. Her immigration status is now being questioned as she may have overstayed her student visa. Her actions have sparked media and restaurant owner attention.
Paras Defence and Space Technologies has signed a Licensing Agreement with DRDO for the Transfer of Technology of the Driver Night Sight for the T-90 tank. The company has also secured a contract from IRDE, a DRDO lab, to supply optronic periscopes for submarine applications. In its Q2FY26, the company reported a revenue of Rs 105.72 crore.
A new DNA study on Adolf Hitler reveals insights into his health and private life, including a gene mutation linked to a disorder affecting testosterone production and a high polygenic score for schizophrenia and autism. The study was conducted by Turi King and Alex J Kay for the documentary "Hitler's DNA: Blueprint of a Dictator."
Indian equity markets surged today, driven by global cues and broad-based buying across sectors. The Sensex and Nifty closed 1.21% and 1.24% higher respectively, with the Nifty Bank index hitting a new high. The rally was not limited to frontline indices, as the Nifty Midcap and Nifty Smallcap indices also gained about 1%.
The NIA has made progress in the Red Fort bombing case by arresting a Faridabad resident, Soyab, who aided the main accused. This has helped the agency understand the larger network involved in the bombing. The investigation has expanded to multiple states and the NIA is determined to uncover all those involved in the conspiracy.
ICICI Bank projects India's economy to expand by 7.5% in Q2FY26 due to robust rural demand and growth in industrial and services sectors. However, concerns arise from a widening trade deficit, lower state spending, and a struggling tourism industry. The report said, government spending and private investment have boosted growth in the first half.
HCLTech and SAP have partnered to bring AI solutions to physical and industrial settings. They will focus on next-generation use cases and integrate cognitive robotics with enterprise systems. HCLTech has also teamed up with Amazon Web Services to drive innovation in the financial services sector.
A GoFundMe campaign has raised nearly $50,000 for Preet Harsoda, a 27-year-old Indian student injured in a Florida apartment fire. Another fundraiser, started by the Indian Students Association and India Association of Tallahassee, has raised over $52,000. Several other Indian students were also affected by the fire and are in urgent need of essentials.
Vikram Solar has commissioned a 5-GW fully automated Vallam facility in Tamil Nadu, increasing its annual production capacity to 9.5 GW. The plant incorporates advanced automation technology and will supply next-generation modules across India. It aims to achieve 40-50% gender diversity in its workforce and create a modern, equitable manufacturing environment.
PM Modi virtually inaugurated Safran's MRO facility for LEAP engines in Hyderabad, expected to start operations in 2026. The country's MRO market is projected to reach $4 billion by 2031, with potential savings of $15 billion for airlines. Safran also plans to set up a MRO facility for Rafale engines, aiming to triple its annual revenue in India to 3 billion euros by 2030.
MCX's share price has crossed Rs 10,000 for the first time, with a market capitalisation of Rs 52,000 crore. The spike in stock price is due to its future growth prospects and plans to improve technology and product offerings. The company's Q2 earnings report also contributed to this milestone.
Reliance Industries' joint venture, Digital Connexion, will invest $11 billion by 2030 to build 1 GW capacity data centres in Andhra Pradesh. The purpose-built data centres will cover 400 acres in Visakhapatnam and the company has signed a MoU with the state's Economic Development Board. With a campus in Chennai and another under construction in Mumbai
The markets have seen a significant surge, with the Sensex and Nifty both gaining over 1%. The BSE Small and Midcap Indices have also risen by 1% each, with major sectors like metals, tech, auto, and banks leading the gains. The rally is driven by positive global markets, Fed rate cut expectations, and improving fundamentals.
Merck's new cholesterol pill, enlicitide, can lower LDL levels by 60% in adults with a genetic form of high cholesterol. It also reduces the risk of heart attacks and strokes by 20% in high-risk patients within a year by blocking a liver protein. The 52-week trial with over 300 adults showed promising results, making it a gamechanger in the fight against heart disease.
"India's animated film, Mahavatar Narsimha, directed by Ashwin Kumar, is in the running for an Oscar nomination. The film, based on Lord Vishnu's avatars, is competing against 35 other international titles, including popular hits like Kpop Demon Hunters and Chainsaw Man.
The US Interior Department has announced a new set of “America-first” rules for national park entrance fees. According to the Office of Communications, these changes include much higher fees for visitors from other countries and special annual passes featuring Donald Trump.
Mumbai's air quality reached "severe" levels with an AQI of 219, far above safe thresholds. Visibility was reduced due to a thick blanket of smog and haze, causing discomfort for residents. Parts of the city recorded hazardous levels of PM 2.5 and PM10. Authorities advised precautions such as avoiding outdoor exercise and using air purifiers.
Kevin Hassett, a prominent American economist and current White House National Economic Council director, is favored by President Trump to replace Jerome Powell as Federal Reserve chair. With a strong background in Republican politics and previous work with Trump, Hassett is among the top three contenders for the position.
HDFC Asset Management Company (HDFC AMC) saw a 50% drop in its stock price due to a 1:1 bonus issue, which means existing shareholders receive one free share for every share they own. This adjustment does not change the overall value of the investor's holdings, but it does make the stock more affordable.
Bharti Airtel's stock dropped 3% on NSE due to a block deal by one of its promoter entities, Indian Continent Investment. The investment firm plans to sell 34.3 million shares for Rs 7,195 crore, aiming to diversify the telco's shareholder base. Bharti Airtel's Q2 FY26 saw a 89% increase in net profit and 26% increase in revenue. Despite recent dips, the stock has shown overall growth.
Jennifer Lopez made a grand appearance at Netra Mantena and Vamsi Gadiraju's wedding in Udaipur, performing for a whopping $2 million. A-list guests like Justin Bieber and Bollywood stars were also in attendance. The singer also recently signed a $10 million deal with Zen Diamond as their global ambassador. However, sources say this is a lower amount compared to her previous deals.
Despite receiving positive reviews and featuring impactful scenes, Farhan Akhtar's war drama 120 Bahadur, based on the Battle of Rezang La, is struggling at the box office. Despite a strong performance by Farhan as Major Shaitan Singh, the film's earnings saw a decline on Monday and Tuesday after a promising first weekend.
Ethiopia’s Hayli Gubbi volcano erupted on Sunday for the first time in more than 12,000 years. The intensity of the eruption resulted in a massive column of ash soaring nearly 45,000 feet into the sky, moving northeast at around 100 to 120 kilometres per hour.
The government aims to divest 25% stake in IIFCL through an IPO in FY27, consisting of 10% fresh equity and 15% government stake dilution. IIFCL, a state-run infrastructure lender, has shown growth in business volumes, profitability, and reduction in bad loans. The listing aims to improve the company's performance.
PM Modi to inaugurate SAESI facility near Hyderabad Airport, a major milestone for India's aviation sector. The facility will serve as Safran's dedicated MRO centre for LEAP engines, marking the first time a global engine OEM has established an MRO operation in India. This move will boost India's capabilities and position it as a global aviation and MRO hub.
President Droupadi Murmu will celebrate National Constitution Day on Wednesday by digitally releasing the Constitution in nine languages and organizing a collective reading of the Preamble. The government aims to make it a national festival by 2025 with activities planned from Panchayats to Parliament.
Indian equity indices opened higher with NSE Nifty 50 up by 0.26% and BSE Sensex up by 0.30%. Bank Nifty also opened higher by 0.35%. Small and mid-cap stocks were in line with benchmarks. Intraday volatility can be attributed to technicals and market positioning. Retail investors are advised to refrain from trading and accumulate high-quality growth stocks.
Joe Rogan has gone down a new rabbit hole, and this time, it’s an 8th-century rock-cut temple in India that has left him absolutely stunned. While speaking to a guest on his podcast, Rogan said he spent the previous night watching a YouTube documentary on the Kailasa Temple at Ellora, and he hasn’t been able to get over what he saw.
India's CRDMO market is on a fast-paced growth trajectory, projected to reach $15.4 billion by 2029 with a 13% CAGR. This is fueled by geopolitical changes, favorable regulatory policies, and competitive costs. India is becoming a top choice for CRDMO partnerships, boasting lower capital and operating expenses, and gaining traction in the global outsourcing market.
US payrolls unexpectedly increased by 119,000 jobs in September, surpassing economists' predictions of 50,000 jobs. However, the unemployment rate rose to 4.4%, higher than the expected 4.3%. The government shutdown caused delays in data collection, leading to revised job gains in August and July.
Oil prices dropped 1% due to Ukraine's possible resolution of war with Russia, potentially lifting sanctions on energy trade. This may increase supply in a market already facing a glut next year. Russia's stance has kept the market wary, with doubts about a formal agreement. Experts foresee a worsening glut in 2026, but a peace deal could boost Russia's oil production.