Kalyani Strategic Systems Limited, a subsidiary of Bharat Forge Limited, has been awarded a Rs 2,500-crore order from the Ministry of Defence for unmanned and marine systems. This order highlights India's dedication to domestic defence manufacturing.
Vodafone Idea (Vi) is working with the government to reassess its AGR dues after the Supreme Court's ruling. The telco is also engaged in discussions with lenders for long-term funding and is confident that its near-term capex needs can be met through existing resources.
An analysis by the Association of Registered Investment Advisers (ARIA) revealed that only 6 out of 218 enforcement orders issued by Sebi from 2013 to March 2025 were against registered investment advisers. The majority of enforcement actions were directed at unregistered and registered trading call providers.
The GST cess on tobacco and related products may be extended until January 2026 due to pending compensation loans, despite GST rate changes under "GST 2.0." Cess collections have decreased by 33%, and officials believe it will take longer to repay the loans. The GST Council will decide on the cess and may introduce a new levy to maintain taxes on harmful goods.
The government launched a new app and portal to connect workers with employers and collect "Building and Other Construction Workers Cess". A national conference discussed a proposed Act to regulate the placement ecosystem and establish a single national register for private placement agencies. This will enhance transparency and accountability in the job matching process.
India is focused on securing a favorable trade deal with the US while safeguarding the rights of its farmers, fishermen, workers, and dairy sector. Diversification efforts include EU's approval of 108 fisheries establishments and talks with Russia.
Salesforce plans to train 100,000 students in AI technologies by 2026 in collaboration with India AI Mission and SmartBridge. The goal is to address the growing demand for AI-ready talent and add $1.7 trillion to India's GDP by 2035. The programme will be rolled out in academia and industry, with a structured learning framework and focus on building practical expertise in autonomous AI solutions.
The government is proposing a new methodology for substitution of factories in the Index of Industrial Production to improve its accuracy and relevance. The new series, based on 2022-23, will be released in May 2022. Stakeholders are invited to provide feedback. The new factory must have similar production, GVA/GVO, and operate for 12 months.
Noel Tata's son Neville and Titan veteran Bhaskar Bhat were appointed as trustees of the Sir Dorabji Tata Trust for a three-year term, effective November 12. Venu Srinivasan was also appointed as trustee and designated as vice chairman. This marks an expansion of Noel Tata's influence and Neville's rise within the Tata ecosystem.
Hiranandani Communities, a part of the Niranjan Hiranandani Group, has entered the senior living segment with the launch of 'Elements' at Hiranandani Parks, Oragadam. The project, developed in collaboration with GTB Developers, will feature 400 residences and has a development potential of one million sq. ft.
Efficient charging infrastructure is crucial for the expansion of electric vehicles, especially in high-demand areas. However, low utilization rates at charging stations pose a challenge for investment returns. Industry experts suggest focusing on building charging networks in dense urban centers and commercial hubs before expanding to highways and smaller towns.
Ikea India's revenue saw a 6% rise to Rs 1,860.8 crore in FY25, with a 12% growth in Ebitda. The company aims to turn profitable in two years due to its expanding reach and online presence. Its popular products include the Brimnes Day Bed and Billy Bookcase, offering over 6,500 home furnishing options. The CEO sees a long-term potential in making homes functional and beautiful.
India aims to become a developed economy by 2047 and to achieve this, it plans to create larger, global-scale banks. Currently, only two Indian banks are among the top 100 globally. The government is in talks with the RBI and banks to merge PSBs and create bigger, world-class banks. This will help increase the country's bank credit-to-GDP ratio and ensure sustained long-term credit growth.
President Trump says India has cut its oil purchases from Russia and is close to a unique trade deal with the US. This deal will reduce tariffs on Indian goods and is the most thorough and WTO-compliant negotiation. Despite US tariffs on 60% of India's exports, Trump is optimistic about reaching a fair agreement.
The Centre's direct tax collections are falling below the ambitious targets set in the Budget, with corporate and income tax receipts growing far below expectations. Officials are optimistic about a year-end surge, but analysts warn that meeting the full-year target will require a significant increase in both corporate and personal tax inflows.
Indian equity indices rose for a second day in a row, driven by hopes of a trade deal with the US, the end of the US government shutdown, and strong earnings. Short covering by traders also boosted the markets, with the Sensex and Nifty closing above key levels. IT stocks performed well, while realty and healthcare lagged. DIIs bought, while FIIs sold $658.06 million in shares.
Britannia Industries' share prices dropped by 6% following the resignation of executive vice-chairman and CEO Varun Berry. CFO Natarajan Venkataraman will serve as CEO until new CEO Rakshit Hargave joins on December 15. Experts anticipate stock pressure due to Berry's sudden exit and the need for Hargave to address strategic challenges.
Rabi crops sowing at a fast pace, with 13 Mha area sown. Agriculture ministry reports 27% increase in winter crop area. Adequate soil moisture due to above-normal monsoon leads to higher sowing. Wheat sowing at 127% increase from last year. Sowing window open till mid-January.
ONGC, in partnership with BP, anticipates a recovery in oil production from Mumbai High field in January through a TSP contract. By January 2027, BP plans to increase production significantly and ONGC expects a 60% overall increase in the next 10 years. Despite a slight decline in standalone crude oil production, ONGC has stabilized gas production and is hopeful for the end of the force majeure.
The Indian government is looking into providing visa-on-arrival and e-visa options for US and European citizens seeking medical treatment in India. Commerce and Industry Minister Piyush Goyal supports NRI doctors operating in India to boost medical tourism and strengthen the economy.
Gold ETFs see high investor interest and record inflows in October, with cumulative net inflows of ₹27,573 crore by 2025. Gold outperforms Indian equities, leading to a shift in asset allocation towards commodities. Safe haven asset rallies on US government reopening and central banks accumulating gold.
The recent GST rate rationalisation has boosted FMCG companies' growth, but also caused an inverted duty structure (IDS) that is hurting their profits. Input taxes are higher than finished goods, resulting in locked working capital and strained profits. FMCG firms are seeking government help to resolve the issue and are also struggling with the loss of fiscal benefits in tax-free zones.
NAFED successfully sells 25 rare MF Husain paintings for Rs 68.5 crore through e-auction after seizing them 20 years ago in a loan dispute. The federation also sells 22 shops for Rs 64 crore, fulfilling its obligation towards a one-time settlement with eight lender banks. This helps NAFED recover from bad debt.
Suchi Semicon is set to generate revenue next year with the completion of qualification and reliability testing for its OSAT facility in Gujarat. The company is in talks with 30 global firms and aims to produce 3 million chips per day. The project is funded by internal accruals and family capital, marking a strategic shift from the textile sector.
In October, inflows into equity schemes hit a four-month low of Rs 24,690 crore, down 19% from September, despite a 5% rise in benchmark indices. The contribution of SIPs reached an all-time high of Rs 29,529.27 crore, with 94.52 million accounts. Large cap, multi-cap, midcap, and small cap categories saw a month-on-month fall. Sectoral and thematic schemes saw a 12% rise in infl
Adani Group to build India's largest Battery Energy Storage System facility in Gujarat with a capacity of 1,126 MW and 3,530 MWh storage. Project to be completed by March 2026 and will include 700 BESS containers. Group plans to add 15 GWh by March 2027 and 50 GWh in the next five years, aiding India's energy goals.
Paras Defence and Space Technologies has been awarded a Rs 35.68 crore contract from the defence ministry to provide portable counter-drone systems. The company's subsidiary, Paras Anti-Drone Technologies, has also received a Rs 3.95 crore order for radio frequency jammers. These contracts demonstrate the company's growing expertise and dedication to enhancing India's defence readiness.
Tata Power's Q2 FY26 saw a 13.93% YoY increase in net profit, reaching Rs 1,245 crore. However, revenue declined by 0.97% YoY to Rs 15,544 crore. EBITDA also grew by 6% YoY to Rs 4,032 crore. This marks a significant improvement from last year's Q2 FY25, where net profit was at Rs 1,093 crore and revenue at Rs
Reliance Jio appeals for reconsideration of net neutrality norms for 5G SA technology, stating it as an innovation rather than discrimination. Global regulators also acknowledge the need for diverse and mission-critical applications, but the issue remains unclear and operators seek clarity before providing differentiated services.
Corporate borrowers are turning to loans linked to external benchmark-linked lending rates (EBLR) to take advantage of policy rate cuts and increasing bond market yields. This is due to the anticipation of a rate cut by the RBI in December. As a result, EBLR loans have seen a rise while those linked to MCLR have decreased.
India's Commerce and Industry Minister, Piyush Goyal, reassured that the country will prioritize the well-being of farmers and dairy workers in trade deals. He also highlighted efforts to expand the fishery sector's market, facing challenges in the US. Goyal affirmed India's commitment to a fair and balanced trade deal with the US, as President Donald Trump announced progress in negotiations.
South Korean K-pop giant HYBE has announced its record quarterly earnings, with a 37.8% boost in revenue from last year. The company's consolidated sales, driven by music sales, world tours, and live events, reached 2 trillion Korean won. Despite a loss in operating margin, HYBE remains optimistic for the future due to the upcoming BTS comeback.
Warren Buffett's retirement in 2025 will mark the end of an era, leaving behind a rich legacy and priceless wisdom. His successor, Greg Abel, will lead the $1.2 trillion empire. In his farewell letter, Buffett shared secrets behind his 'unexpected longevity' and credited his dedicated Omaha doctors and good luck.
Japanese technology-investment firm SoftBank has sold its entire stake in US chipmaker Nvidia for $5.8 billion and reported a net profit of 2.5 trillion yen ($16.2 billion) in the July-September quarter. Despite this exit, SoftBank remains involved in AI projects with Nvidia, including a $500 billion data center project. SoftBank is also investing in OpenAI and plans to invest $22.5 billion in the company through its Vision Fund 2. Additionally
UK influencer Brittany Miller is facing backlash for fabricating her cancer diagnosis in 2017, as revealed by The Sun. Former friends have accused her of using her fake illness to gain popularity. She has apologized, citing a mental health crisis as the reason for her actions. However, she continues to be an influencer despite her conviction for fraud.
Bajaj Finserv, a leading financial services company, saw an 8% increase in profit in Q2 FY26 compared to the same period last year. The company reported a consolidated profit after tax of Rs 2,244 crore, with interest income growing by 18.27%. The company's total income also saw a significant growth of 11%, driven by the strong performance of its insurance segment, Bajaj General Insurance.
President Trump has given an ultimatum to air traffic controllers to resume work or face consequences, while offering a bonus to those who didn't skip work during the shutdown. The shortage of ATCs has led to thousands of flight cancellations and delays, causing frustration among passengers. US Senate has approved a bipartisan Bill to end the shutdown, but the timeline for a vote hasn't been set.
Indian tennis player Sumit Nagal is facing visa rejection for an upcoming sports tournament in China. He took to social media to plea for help from top Chinese officials, stating that his chances to represent India at the global stage are at risk. The tournament, scheduled for November 2025, is a crucial stepping stone for a wildcard entry into the Australian Open 2026 main draw.
ACME Solar secures 450 MW-1800 MWh power supply order at Rs 6.75 per unit under SJVN FDRE-IV project. This includes 300 MW of solar capacity and 1800 MWh of Battery Energy Storage System. The project also marks the company's first use of Indian-made solar cells. ACME Solar's Q2 performance shows a 103% revenue growth and a jump in profit to Rs 115 crore. The company also secured additional power
Reliance NU Energies, a subsidiary of Reliance Power, has secured 50% of the total tender allocation in the SJVN 1500 MW / 6000 MWh Firm and Dispatchable Renewable Energy (FDRE) ISTS tender. The company will integrate 900 MWp of solar capacity with over 3,000 MWh of battery storage to deliver dispatchable renewable peaking power to DISCOMs.
Speculation about Russian President Putin's health has resurfaced after his recent public appearance with a swollen and sore hand. Many have compared him to US President Trump, raising questions about his age and potential health issues. However, Putin's team has denied any rumors and no official confirmation has been given.
JSW Energy, a subsidiary of JSW Group, has commissioned India's largest green hydrogen plant in Vijaynagar, Karnataka. The plant will produce 3,800 tonnes of green hydrogen and 30,000 tonnes of oxygen annually, which will be supplied to the adjacent JSW Steel facility. The company has also signed a deal to supply 85,000-90,000 tonnes of green hydrogen and 720,000 tonnes
Vodafone Idea's share price jumps over 6% as it narrows net loss YoY in Q2FY26 to Rs 5,524 crore. Revenue from operations increases by 2.4% to Rs 11,194 crore. Average Revenue Per User increases by 8.7% YoY to Rs 180. Debt from banks reduced to Rs 1,542 crore. Company confident in settling debt liabilities through reconsideration of AGR dues and fund raising.
Reliance Power, led by Anil Ambani, reported a net profit of Rs 87.32 crore in Q2FY26, a significant improvement from the loss of Rs 352 crore in Q2FY25. The company's debt-to-equity ratio is one of the lowest in the industry, and it also reduced its leverage by servicing debt worth Rs 634 crore. The board has approved raising $600 million through FCCBs and granted ESOPs to employees.
Sergio Gor has been officially sworn in as the US Ambassador to India by President Donald Trump. Trump has promised to reduce high tariffs on India and praised their negotiating skills. Gor's main focus will be on strengthening the strategic, economic, and security partnership between the two countries. The ceremony at the Oval Office was attended by officials and lawmakers.
PhysicsWallah, led by Alakh Pandey, has launched its IPO today with a valuation of Rs 3,480 crore. The issue is priced at 9-10x sales multiple and is considered fairly valued by many brokerages. SBI Securities notes a 96.9% and 88.8% CAGR in Sales/EBITDA over the last three years. InCred Equities believes the company has a strong moat and potential for profitability.
Delhi's air quality worsened on Tuesday, reaching the "severe" category from the previously recorded "very poor" level. The Central Pollution Control Board reported an AQI of 423 at 9 am, with the worst-affected areas being Bawana, Wazirpur, Mundka, Punjabi Bagh, Rohini, and Jahangirpuri. Other major Indian cities also recorded moderate to poor air quality levels. An AQI score of 0-50
Indian PM Narendra Modi is traveling to Bhutan for various programs, including talks with the King and Prime Minister. The visit coincides with Bhutan's celebration of the Fourth King's 70th birthday. The Punatsangchhu-II hydropower project will also be inaugurated, strengthening the energy partnership between the two countries.
Two videos capturing the exact moment of the fatal car blast near Red Fort in Delhi have caused fear among citizens. The November 10 tragedy, caused by a slow-moving car, has left people speechless. Eyewitness accounts and CCTV footage show the chaos and panic that erupted in a fraction of a second. The videos also capture the bustling street and people fleeing for safety after the loud explosion.