Rakshit Hargave, CEO of Birla Opus, has resigned from the Aditya Birla Group's paint company after four years to join Britannia Industries. The company's performance in Q2 was not disclosed, but it has spent Rs 375 crore in the first two quarters and expanded its distribution network to over 10,000 towns. While it initially caused disruption in the paint market
The IBBI and ED have joined forces to enable IPs to retrieve assets of troubled companies that were seized by the ED. This will decrease the risk of legal action against negligent owners and improve the value of salvaged assets. A new circular outlines guidelines for IPs, including regular reports and collaboration with the ED, to harmonize IBC and PMLA laws.
India's InvITs market is expected to grow significantly by 2030, reaching Rs 21 lakh crore. This growth is driven by government spending and investor interest, providing opportunities for corporate capital optimization and growth. The National Infrastructure Pipeline is further boosting this market.
The finance ministry will hold a meeting with food ministry officials to discuss a proposed 10-15% increase in the food subsidy budget for FY26. The finance ministry suggests reducing grain stocks, raising open market prices, and using less subsidized grain for bio-fuel to delink projected additional subsidy expenses of Rs 20,000 crore.
Eternal and Swiggy are expanding their business by targeting the dining-out and live events market, which offers growth opportunities due to rising disposable incomes and a demand for curated dining experiences. By connecting consumers with restaurants and event organizers, they aim to become the go-to app for planning and experiencing a night out.
The government is revamping a scheme to provide 2-3.5% interest subvention to MSME exporters, with varying rates for different sectors. This will be a part of the support package for exporters affected by US tariffs and may run for 5 years. The previous version of the scheme, which ended in December 2024, had successfully boosted export volumes and lowered bank interest rates.
PhysicsWallah's much-awaited IPO, a book build issue of Rs 3,480 crores, will be open for subscription from November 11-13, with allotment finalised on November 14. Co-founders Alakh Pandey and Prateek Boob hold 40.35% each, with venture capital investors WestBridge Capital and Hornbill Capital holding 6.41% and 4.42% respectively. The IPO proceeds will be used for capital expenditures
RBI's policy signalling and market behaviour have caused a disconnect, leading to waning investor confidence in the Indian bond market. Despite a rate cut, the shift from accommodative to neutral stance has sown confusion, resulting in a drop in corporate bond issuance and lack of demand for long-dated G-Secs.
NHAI is launching the fifth round of monetisation through InvIT, aiming to raise Rs 7,000-8,000 crore. This will be done through a private InvIT sponsored by NHAI and supported by Canadian funds. The remaining Rs 40,000 crore target for the year will be met through highway monetisation, including InvIT and ToT. The government plans to involve retail investors in this process.
India's petroleum product exports dropped by 21% in October, but showed a 2.4% increase annually. Despite challenges faced by Nayara Energy's operations due to sanctions, the refinery is finding new markets and using government logistics. Top export destinations were UAE, Netherlands, and Singapore, with UAE experiencing a 27% decline.
The rise of AI has sparked ethical concerns and its impact on human relationships. The increasing availability of companion AI has led to a rise in loneliness, with conflicting views on its benefits and risks. The ongoing loneliness epidemic, particularly among teenagers, emphasizes the need for caution in relying on AI for companionship.
The government's capital expenditure for the first two quarters of FY26 was 52% of the budget estimates, with the Ministry of Road Transport and Highways and Railways exceeding their average capex. Total government capex increased by 40% YoY, with key sectors like food and public distribution receiving additional funding.
Delhivery, a logistics and supply chain firm, reported a net loss of Rs 50.38 crore in Q2FY26, compared to a net profit of Rs 10.20 crore in Q2FY25. However, the company's revenue rose by 16.88% to Rs 2,559.32 crore. In Q1FY26, Delhivery had reported a net profit of Rs 91.04 crore.
Prada's release of a $775 safety pin with crochet detail and a charm has sparked backlash from influencers and social media users, who criticize it as a "money laundering scheme" and question the brand's tactics. This is not the first time Prada has faced criticism for repackaging humble working-class items into luxury ones, raising concerns about their approach as a heritage luxury brand.
Sun Pharma's Q2FY26 results showed a 2.56% YoY increase in net profit and a 9.6% increase in revenue. On a sequential basis, net profit jumped 36.83% and revenue surged 4.53%. EBITDA stood at Rs. 4,527.1 crore with a margin of 31.3%. R&D investment was 5.4% of sales. Formulation sales in India saw a growth of 11%.
Director Rahul Sadasivan's horror-thriller Dies Irae, starring Pranav Mohanlal, is breaking box office records and has entered the top 10 highest-grossing Malayalam films of 2025. The film has received rave reviews and is nearing the Rs 50 crore mark worldwide.
BEML, a state-owned company, reported a 5.8% decline in YoY profit in Q2 FY26. Its consolidated net profit was Rs 48.03 crore, down from Rs 51.03 crore in Q2 FY25. The company also saw a 2.42% decline in revenue, with a consolidated revenue of Rs 839 crore. However, it expects to execute orders worth Rs 4,217 crore in the current financial year and Rs 12
Amitabh Bachchan, a popular Bollywood actor, made a profitable sale of two luxurious flats in Mumbai's Goregaon area after owning them for 13 years. The flats were sold for Rs 12 crores to two buyers on the 47th floor of Oberoi Exquisite building. Bachchan and his son Abhishek have a successful track record in real estate, with recent investments in Alibaug.
NCLAT dismisses Reliance Realty's appeal for recovery of rentals and assets from Independent TV, undergoing liquidation. Upholds NCLT's order for liquidation to continue in a time-bound manner. ED attaches Rs 4,462 crore worth of land of Anil Ambani Group in alleged money-laundering case. Independent TV defaulted on payments after 2018, leading to insolvency proceedings.
While the American dream is a luxury in itself, the high cost of living in the Bay Area has forced some tech employees to find extreme solutions to balance their jobs and finances. One Google contract employee, who was based in Santa Barbara at the time, revealed that they lived in a car for several months while working on-site.
Adani Energy Solutions has secured a 60 MW renewable energy contract worth Rs 60 crore from RSWM in Bhilwara. This deal will provide 31.53 crore units of electricity annually to RSWM's facilities in Rajasthan. Adani Energy Solutions aims to increase its commercial and industrial portfolio by 7,000 MW in the next five years. In Q2 FY26, the company saw a 6.7% revenue growth.
Grasim Industries, a flagship company of Aditya Birla Group, reported a 75% YoY profit growth in Q2 FY26, with a consolidated net profit of Rs 553 crore. This marks a significant improvement from the previous year's Q2 net profit of Rs 314 crore. The company also saw a 16.5% YoY revenue growth, reaching Rs 39,899 crore, and a 29% YoY increase in EBITDA at
Delhi's air quality remains poor at 228 AQI, causing respiratory distress for citizens. Even healthy individuals are experiencing symptoms such as persistent cough, chest tightness, and breathing difficulty. Former AIIMS Director Dr Randeep Guleria warns that air pollution can worsen pre-existing respiratory and heart conditions.
Virat Kohli, the Indian cricket legend, celebrated his 37th birthday today. Kohli's Rs 80 crore Gurgaon property, equipped with a gym, private garden, swimming pool, and lavish interiors, showcases his luxurious lifestyle. He recently moved to London with his family, sparking rumours of a permanent move.
Zohran Mamdani, the first Muslim and Indian-American mayor of New York City, faced opposition for his radical views but received support from prominent Democrats like Bernie Sanders and Alexandria Ocasio-Cortez. Former President Barack Obama's lack of public endorsement for Mamdani raised questions about his support.
Nomura, a top brokerage firm, chose three auto stocks this week based on factors like SUV demand, festive sales, and new releases. They recommend buying Mahindra & Mahindra and Hyundai Motor India, with potential gains of 22% and 18.3% respectively. However, they have a 'Neutral' stance on Maruti Suzuki, anticipating a rise in hatchback demand in the short term but lower SUV growth.
The rift between Tejashwi and Tej Pratap Yadav was evident when they met at Patna Airport. Tej Pratap had been expelled from the party for "irresponsible behaviour" in May. He has also shut down any possibility of reconciliation, stating he would choose death over returning to RJD.
Reliance Industries, India's top buyer of Russian crude, has decreased imports from sanctioned entities by 24% in October due to US sanctions and pressure. This has resulted in a 13% cut in Reliance's entire crude basket for the month. The company assures compliance with all restrictions and guidelines from the US, EU, and UK, while increasing imports from the Middle East.
American entrepreneur and politician Vivek Ramaswamy didn’t mince words after Democrats swept the three biggest contested elections in the United States on Tuesday night. On X, expressing both frustration and urgency, he called the results a wake-up call for the Republican party.
Dr Devi Shetty, a successful cardiac surgeon and founder of Narayana Health, has a net worth of $2.7 billion and over 70% stake in his hospital chain. His recent acquisition of a UK-based hospital group marks Narayana Health's expansion to Europe. His son's luxurious real estate purchase is linked to the hospital's growth. Dr Shetty has also pioneered affordable heatlhcare.
Salman Khan, the brand ambassador of Rajshree Pan Masala, is facing legal action for misleading consumers with false claims about the product containing expensive saffron. The complaint also raises concerns about the harmful effects of pan masala and urges celebrities to not promote such products. The next hearing is on November 27.
Hindalco Industries faces a negative free cash flow impact of $550-650 million due to fire at its US Novelis plant. Losses include $100-150 million in adjusted EBITDA and $21 million for restoration. Operations expected to resume in December, company remains confident. Novelis saw 10% rise in net sales but 9% decline in adjusted EBITDA in Q2.
Delhi's air quality saw a slight improvement on Wednesday morning with an overall AQI of 228, although still in the 'poor' category. Several areas, including Anand Vihar and Lodhi Road, recorded high AQI levels. However, some areas like Aya Nagar and IGI Airport reported 'moderate' air quality. Water sprinkling operations were carried out to curb pollution.
Mamdani's victory in the New York City mayoral race was a historic moment for the Indian diaspora and New Yorkers. He made a powerful speech, quoting Jawaharlal Nehru and walking off to the popular Bollywood tune "Dhoom Machale." His South Asian family stood by his side, showcasing the diversity of his identity. His message to Donald Trump and his use of Bollywood music made the internet go wild.
ChrysCapital closes Fund X at record $2.2 billion, 60% increase from previous fund. Despite challenging environment, fund closed in 6 months due to team stability, track record, and investment strategy. Aims for 16-18% return, sees growing focus on ESG among global investors.
'Roi Roi Binale', Zubeen Garg's final film, has taken Assamese cinema to new heights with its release on October 31, 2025. The movie received a pan-India release and has been both critically acclaimed and a commercial success, with a current IMDb rating of 9.2. It has also broken box office records, earning Rs 10.76 crores in just 5 days and is predicted to become the highest earning Assamese
Controversies continue to surround the upcoming Bihar elections, with a child's remark at RJD leader Tejashwi Yadav's rally causing a stir. The child said that if Tejashwi returns to power, people will roam with a "katta" (country made gun) and fire bullets on his command. This has fueled the BJP and NDA's "jungle raaj" narrative against the RJD, with the BJP's IT cell head sharing a video.
A Monorail train undergoing testing at Wadala derailed and hit a structure, causing injuries to the motorman. The train's alignment was damaged in the incident. Police and MMRDA staff have reached the site. According to the President of the Monorail Workers Association, the accident was caused by a glitch in the switch used to change tracks. There were no passengers on board.
Four people died at Chunar station in Uttar Pradesh after being run over by a train while crossing the rail line. The victims did not use the available Foot Over Bridge and were trespassing on the main line. This incident comes after a train collision in Chhattisgarh that killed 8 people.
Mahindra & Mahindra's Q2 results have led leading brokerages like Nuvama and Nomura to maintain a bullish stance on the stock, projecting strong earnings growth driven by the company's steady launch pipeline. Nuvama expects a 15% annual growth for M&M, while Nomura maintains a 'Buy' rating with a target price of Rs 4,355.
Zohran Mamdani, an Indian-origin assemblyman, won the New York City mayoral election on Tuesday despite President Trump's threats to block federal funding. In his victory speech, Mamdani directly addressed Trump and reaffirmed his identity as an immigrant. He vowed to lead a city that is built and powered by immigrants, despite the Trump administration's harsh immigration policies.
Zohran Mamdani, the Democrat mayoral candidate, has won the race and been elected as New York City's new mayor. His wife, Rama Duwaji, is a Syrian-American artist who played a significant role in his campaign. The couple met on a dating app and share a love for music and art. Duwaji's impressive client list and artistic talents have been a major influence in Mamdani's success.
New York Assemblyman Zohran Mamdani has officially been declared the winner of the New York City mayoral race, defeating former governor Andrew Cuomo, who was initially considered the favourite and Republican candidate Curtis Sliwa. As the first Indian-American to achieve this feat, Mamdani has made history as New York’s first Muslim and first millennial mayor.
Zohran Mamdani's campaign watch party and other unaffiliated gatherings became the center of social media attention as the AP declared him the winner of the NYC election. Alexandria Ocasio-Cortez attended the celebration and praised Mamdani for his dedication to helping working families. Attendees danced to Kendrick Lamar's "Not Like Us" and celebrated beating the millionaires and billionaires.
Mikie Sherrill, a Democratic Navy veteran and four-term US House representative, won the New Jersey governor election over Republican Jack Ciattarelli, who was supported by Trump. Sherrill will replace term-limited Democratic Governor Phil Murphy, making it the first time since 1961 that one party has won three consecutive terms.
Zohran Mamdani, an Indian-origin assemblyman, becomes the youngest mayor in over a century after winning the New York City mayoral election with over 1 million votes. His opponent has conceded, but concerns have been raised about the potential implementation of socialism. The voter turnout was unprecedented, with over 2 million New Yorkers casting their votes.
Two men from Massachusetts have been arrested in connection with the weekend explosion at a Harvard Medical School building, AP reported, citing authorities. The incident took place early Saturday on the fourth floor of the university’s Goldenson Building, which has labs and offices linked to the neurobiology department. Fortunately, no one was injured.
Perplexity AI, a startup focused on AI assistants, faced a legal challenge from Amazon for its AI agent's ability to shop on the e-commerce platform. Perplexity accused Amazon of using its power to suppress competition and hinder innovation. This dispute raises concerns about regulating AI agents and their interactions with websites.
The Trump administration has blocked the sale of Nvidia's advanced AI chip, the Blackwell, to China. President Trump has previously stated that the chip would only be available to US companies and not sold to China. There is speculation about a possible scaled-down sale, but Trump did not discuss the issue with Chinese President Xi Jinping at their recent summit.
The Maldives has implemented a generational ban on smoking, prohibiting those born after 2007 from purchasing, possessing, or using tobacco. This policy aims to create a tobacco-free generation and protect public health. Other countries are closely watching as smoking is a major public health threat, leading to numerous deaths and health issues, especially among young people.