Cobrapost accuses Anil Ambani's Reliance Group of a Rs 41,921 crore financial fraud through fund diversion since 2006. Reliance Group denies allegations, calling them a malicious campaign to harm stock prices. Investigation reveals siphoning of funds from listed companies through offshore entities, with violations of laws.
Mark Zuckerberg's net worth dropped two ranks on the Bloomberg Billionaires Index, making him the fifth-richest person in the world with an estimated net worth of $235.2 billion. This was due to a $29.2 billion loss in his net worth, the fourth-largest one-day market-driven decline ever recorded by the platform's wealth index.
Ayushmann Khurrana's latest project, Thamma, has become his biggest debut yet with an impressive opening of Rs 24 crore. The horror-comedy, packed with visual effects and iconic fight scenes, has been a hit at the box office since its release on Diwali. Meanwhile, Harshvardhan Rane and Sonam Bajwa starrer Ek Deewane ki Deewaniyat has also been performing consistently.
China to purchase 12 million tons of American soybeans this season, with a commitment of 25 million tons annually for the next 3 years, ending months-long tariff battle and bringing relief to U.S. farmers. Deal to be signed next week, marking a return to normalcy and ending billions of dollars in lost sales.
JetBlue flight bound for Newark, New Jersey was diverted to Tampa, Florida due to unexpected drop in altitude. 3 passengers injured with lacerations reported by pilots, who suspect a flight control issue. Airbus A320 successfully landed and passengers taken to hospital. Investigation underway as JetBlue grounds aircraft for inspection. Safety of customers and crew top priority.
Ukraine has accused Russia of launching attacks with drones and missiles on their energy infrastructure, causing power restrictions and the deaths of seven people. Prime Minister Yulia Svyrydenko calls for tougher sanctions and maximum pressure, while regional officials report more casualties and damage. President Volodymyr Zelenskiy reveals over 650 drones and 50 missiles were launched.
King Charles has removed Prince Andrew's royal titles and residence due to his ties with Jeffrey Epstein. Andrew will now be known as Andrew Mountbatten Windsor and will live in private accommodation funded by the King. Despite Andrew's denials, the British government supports this decision, which has sparked public outrage and been further fueled by the Giuffre family's statement.
Prashant Kishor, known for his successful election strategies, has launched his own party - Jan Suraaj. Hailing from Bihar, Kishor was a public health professional before entering politics. He gained recognition for his research on malnutrition in Gujarat and later helped Narendra Modi win the 2012 Assembly elections.
Sonia Raman, the first Indian-American woman to become an NBA coach, has made history again by becoming the first person of Indian origin to lead a WNBA team. Despite facing challenges, her hard work and determination have brought her to this milestone with the Seattle Storm.
India's gaming and interactive media sector is projected to reach $7.8 billion by 2030, despite losing a significant portion of its potential market due to a recent ban. The growth will be fueled by in-app purchases, a growing user base, and the emergence of local solutions. Digital gaming, esports, and interactive media are expected to see substantial growth, with high investor confidence.
India's economy is projected to grow at an average rate of 6.7% from 2025 to 2040, surpassing China's 3% growth. The nominal GDP is expected to reach $5.6 trillion by 2030 and $11.5 trillion by 2040. Per capita income is set to exceed $7,000 by 2040. Demographics and labour availability will contribute to growth, along with investments in human capital and infrastructure. Manufacturing is
India's Q3 jewellery consumption dropped to a record low of 118 tonnes due to high gold prices, but investment buying rose by 20%. Despite lower sales and imports, Indian consumers still spent Rs 2 lakh crore on gold, highlighting its enduring appeal as a safe-haven asset. Full-year demand remains uncertain.
HMIL's net profit rose by 14% in Q2 of FY26, thanks to better cost control and higher exports. Although revenue growth was only 1%, it exceeded expectations for both profit and revenue. The company's Ebitda margin also increased due to increased exports and cost-cutting efforts. The stock remained steady but closed with a 2.4% gain, with the highly anticipated updated Venue model on the horizon.
Lenskart Solutions' anchor book has received bids worth Rs 68,000 crore, 10 times the issue size and 20 times the anchor book size. Foreign institutional investors accounted for 52% of the book, with top names like BlackRock and Nomura participating.
Hindustan Unilever (HUL) has received approval from NCLT to demerge its ice cream business into Kwality Wall’s India (KWIL) as part of Unilever's global plan to spin off its €15-billion ice cream business. HUL shareholders will receive one share of KWIL for every share held in HUL, with Unilever's arm holding a majority stake. The demerger will allow for greater focus and investment in the high-g
Banks' loans continue to outpace deposit growth, rising by 11.45% year-on-year as of October 17. This growth is attributed to the rationalization of GST rates and increased demand during the festive season. However, on a fortnightly basis, credit growth has marginally declined.
The US has implemented stricter work visa regulations, including re-screening and ending automatic extensions for employment authorisation documents. This change, following increased H-1B visa fees, will primarily impact Indian workers. The USCIS advises timely renewal of EADs and states that exceptions apply.
The Ministry of Statistics and Programme Implementation Secretary emphasized the significance of ASUSE and PLFS for calculating DDP. He also discussed the upcoming National Household Income Survey, which aims to collect reliable data on household income despite potential challenges with disclosure. The survey is set to begin in February 2026.
Kerala Tourism has launched new experiential products and packages for domestic and international travelers, positioning the state as a global brand with diverse choices. The upcoming festival and winter holiday seasons align with the 6th Kochi-Muziris Biennale and India's first Travel Literary Festival, 'Yaanam 2025'.
United Spirits, the largest liquor maker in India, reported a 36.1% increase in net profit for Q2 of FY26, surpassing street estimates. Revenue also rose 11.6% to Rs 3,173 crore, driven by strong brand performance and a re-entry into Andhra Pradesh. The company's Ebitda margin expanded to 9.2%, and it expects growth during the upcoming festive season.
ITC, a leading cigarette-to-FMCG company, reported a 3% growth in consolidated profit to Rs 5,126 crore in Q2. Despite a revenue decline, it exceeded expectations in both profit and revenue. FMCG segment grew by 8%, but faced challenges due to weather and GST. ITC's cigarettes segment remained strong with strategic initiatives, solidifying its leadership position.
Assocham urges government to implement tax amnesty scheme in Budget 2026-27 for taxpayers to settle outstanding dues and reduce litigation burden. It suggests complete waiver of interest and penalty, and partial waiver of duty for importers with disputes under the Customs act. Over 40,000 cases pending, with $4.5 billion in demand.
NTPC Ltd reported a 3% increase in net profit to Rs 5,225.30 crore for the September quarter due to lower expenses. The company's total income was Rs 45,262.10 crore, with expenses declining to Rs 40,218.03 crore. The board declared a dividend of Rs 27.75 per share for FY26.
On Thursday, the benchmark indices fell up to 0.70% due to the US Federal Reserve's comments ruling out a rate cut in December. The Sensex closed at 84,404.46, while the Nifty closed at 25,877.85. Foreign portfolio investors sold shares worth Rs 3,077.59 crore and domestic institutional investors bought shares worth Rs 2,469.34 crore.
Trump and Xi have agreed to ensure uninterrupted flow of rare earth minerals to the US, which are crucial for modern technologies. The deal will stabilize prices, but efforts to create alternative supply chains continue.
The DoT is seeking legal advice on the Supreme Court's order regarding Vodafone Idea's AGR dues, which has created uncertainty over the extent of relief. The ruling acknowledges the government's discretion but limits relief to a specific demand. The DoT is examining implications and will consult before making a decision.
Swiggy's Q2 numbers show high growth but widening losses, with a net loss of Rs 1,092 crore and revenue of Rs 5,561 crore. The company's core food delivery business saw steady growth, while its quick commerce arm, Instamart, doubled in revenue but slowed in expansion.
FPI short positions in India's index futures have decreased, resulting in a 5.1% increase in benchmark indices in October. This is due to optimism over GST cuts and a successful Diwali for sectors like cars and consumer goods. Short contracts have also decreased by 70%, signaling a shift from negative to positive sentiment.
L&T to invest Rs 10,000 crore to expand data centre capacity sixfold in response to India's growing need for digital infrastructure. Mumbai and Chennai already have data centres, with more planned. L&T also plans to offer cloud services. Indian data centre capacity expected to double by 2027.
Billionbrains Garage Ventures, owner of India's largest brokerage platform Groww, plans to raise Rs 6,630 crore through an IPO. The price band is set at Rs 95-100 per share, with an estimated valuation of Rs 61,700 crore. The issue will include a fresh issue of Rs 1,060 crore and an OFS of Rs 5,572.3 crore, with investors such as Microsoft CEO Satya Nadella. Post-IPO, Grow
The government is introducing stricter measures in the Seed Act 1967 to regulate seed quality. The Bill will be presented in the budget session of Parliament in early 2026. The amendments aim to improve seed quality and ensure access to high-quality seeds for farmers.
During a summit meeting with Chinese President Xi Jinping, Trump commended India for its efforts to decrease oil imports from Russia. He stated that India has promised to significantly reduce its oil purchases from Russia. However, the Ministry of External Affairs clarified that India's energy policies prioritize stable prices and secure supplies.
Reliance Industries and Google are teaming up to boost artificial intelligence in India. Jio users will get free access to Google's AI Pro plan for 18 months, worth Rs 35,100 per user. Reliance Intelligence will be Google Cloud's strategic partner for deploying Gemini Enterprise, and they will work together on infrastructure development, including Tensor Processing Units.
Delhi Police has taken measures to protect its traffic personnel from the adverse effects of pollution and cold weather. This includes providing high-quality masks and winter gear, as well as conducting regular health check-ups. With Delhi's AQI frequently crossing the "very poor" mark and visibility dropping due to smog, the police recognise the need to safeguard their officers.
The CAG has advised other states to replicate Odisha's budget stabilisation fund, which has amassed Rs 21,000 crore from mining revenues. This fund is considered a top practice and the CAG offers a broader view of state operations compared to the RBI's debt-centric approach.
Canara Bank's net profit rose by 19% YoY to Rs 4,773.96 crore in Q2 of FY26, driven by improved asset quality. However, NII declined 2% YoY, while other income grew 41.6% YoY. The bank's NIM also decreased to 2.52% in Q2, but is expected to improve to 2.75%-2.80% by the end of FY26. Asset quality
Larsen & Toubro (L&T) is expected to see a boost in domestic orders in the coming quarters, with a significant portion coming from energy, infrastructure, and real estate projects. The company is also diversifying into new-age sectors such as electronics manufacturing, renewable energy, and semiconductors.
Agriculture minister Shivraj Singh Chouhan called for increasing sales turnover of 5,000 FPOs to Rs 1 crore each by FY26. He also urged FPOs to enroll 20 million farmers as shareholders and obtain licenses for selling inputs. Over 10,000 FPOs have been formed under a special scheme, with some reporting sales of over Rs 10 crore.
NHAI has reduced toll collection costs by 43.5% through timely bidding and minimizing short-term contracts. In 2024-25, the cost of toll collection was Rs 2,674 crore, a decrease from Rs 4,736 crore in 2023-24. Measures were also taken to reduce short-term contracts and increase engagement with toll collection agencies.
CBSE has announced the date sheet for the 2026 Class 10 and Class 12 board exams, with exams starting on February 17 and ending on March 3. Students have 110 days to prepare, with exams for vocational courses and languages also included. The exams will follow the National Education Policy 2020.
Nvidia, a company known for their GPUs and chips, has reached a record-breaking valuation of $5 trillion. Their success is attributed to the growing demand for AI software and partnerships with major companies. Co-founder and CEO Jensen Huang's net worth has also soared, making him the 8th richest person in the world.
Pixa AI, a Jaipur-based AI startup, has launched Luna, India's first speech-to-speech voice model. It has raised seed funding from top investors and plans to expand its reach in education, gaming, and healthcare. Luna stands out for its pure speech-to-speech system, real-time emotion detection, and impressive performance in voice quality and accuracy tests.
Despite facing a 50% additional tariff, engineering exports to the US have only declined by 9.4% due to rushed shipments and tax parity with other countries. The impact of Section 232 tariffs on steel and aluminum sectors has been minimal, with significant growth in exports. However, exports to the UAE and China have decreased.
Dabur's Q2FY26 profit falls short of expectations due to GST trade disruptions, but the company remains strong with a consolidated net profit of Rs 453 crore. Dabur Ventures with a capital of Rs 500 crore for digital-first investments was approved, and an interim dividend of Rs 2.75 per share was declared. Despite challenges, Dabur shows growth and gains in key areas and Indian market share.
India's major companies, including FMCG giants ITC and Dabur India, public sector banks Union Bank and Canara Bank, and Q-Comm major Swiggy and pharmaceuticals major Cipla, have released their quarterly results for the second quarter of FY26. ITC reported a net profit of Rs 5,186.55 crore, while Dabur India saw a 6.5% profit growth. Aditya Birla Capital, Hyundai Motor India,
Union Bank of India (Union Bank) reported a 10% YoY decline in net profit to Rs 4,249 crore for Q2 FY26. The dip was due to reduced recoveries and other income, while provisions declined. Despite beating analyst estimates, the stock closed 3% lower. NII and NIM also decreased, while operating profit fell 16%.
The India vs Australia T20I series in Melbourne ended in a draw due to rain interrupting the second match. Australia won the toss and chose to bowl first on the bowler-friendly pitch at Melbourne Cricket Ground. The upcoming match also has a high chance of rain. The squads for both teams, led by Suryakumar Yadav and Shubman Gill, have been announced.
Indian weddings are expected to bring in Rs 6.5 lakh crore from 46 lakh weddings in the first set of auspicious dates from November 1 to December 14. Delhi alone is estimated to contribute Rs 1.8 lakh crore from 4.8 lakh weddings.
Dabur India reports 6.5% profit growth in Q2 FY26, with a net profit of Rs 444.79 crore. The company also saw a 5.3% revenue growth, reaching Rs 3,191 crore. An interim dividend of Rs 2.75 per equity share has been announced, with a total payout of Rs 487.76 crore. Q2 FY25 saw a net profit of Rs 417.52 crore and revenue of Rs
Shah Rukh Khan celebrated his 60th birthday with a fan Q&A session where he discussed his upcoming movie King, working with daughter Suhana, and his children's projects. He also expressed pride in their work and support for their careers. On his birthday, seven of his iconic films will be re-released in theaters.