The Directorate of Enforcement conducted search operations at multiple locations in Mumbai in an ongoing probe against Varanium Cloud and its promoter Harshavardhan Sabale. The company raised Rs 40 crore through its IPO, claiming it would set up data centers and learning centers.
Shriram Life Insurance Company sees a 20% rise in premium collections in the first half of FY26, mainly due to an increase in renewal premiums. The CEO credits this growth to customer trust and their effective approach. Individual premium collections remain stable, while new business premiums show a 17% increase.
Indian-origin conservative commentator Dinesh D'Souza warned about minorities leaving the Republican Party due to the spread of hatred by MAGA and the rise of anti-India, racist sentimentality. Recent incidents during Diwali, including Trump's celebration and comments from officials like Tulsi Gabbard, showed the extent of this issue.
India's sugar production is predicted to rise by 16% in 2025-26 due to favorable weather and increased area. The country plans to export 2 MT this season with a comfortable sugar balance. The government is urged to announce the export policy soon, and the total sugarcane acreage is estimated to be 5.73 Mha.
SBI's net profit in the September quarter increases by 10%, boosted by the sale of Yes Bank shares. However, operating profit drops by 7% without the one-time gain. Net interest income and margins see a slight rise. Asset quality remains robust, with gross NPA at a 20-year low. The bank aims for double-digit credit growth and plans to open new branches, while digital banking remains a priority.
Tata Starbucks, a joint venture between Starbucks and Tata Consumer Products, saw a low single-digit SSG in July-September due to GST and income tax cuts. They plan to cautiously expand, focusing on revenue and SSG. Despite climate change challenges, Tata Consumer's core portfolio, led by tea and salt, saw double-digit sales growth in the FMCG sector.
Nafed, the government's largest procurement agency for oilseeds and pulses, is launching its own e-auction portal 'Nafex.in' to sell agricultural commodities. The portal will also allow state-level cooperatives and agencies to participate. Nafed currently uses private platforms for auctions and is implementing new technology to improve efficiency.
OpenAI has launched IndQA, a benchmark to assess AI models' comprehension and reasoning skills in Indian languages and cultures. This is their first regional initiative, with future plans to expand to other regions. The benchmark includes 2,278 questions in 11 languages and 10 cultural domains, developed with input from 261 experts.
Bajaj Finance, a part of Bajaj Finserv, saw a 27% growth in volume and 29% in value year-on-year for consumer loans during the festive season, thanks to the positive impact of GST reforms and changes in personal income tax slabs.
Indian Hotels (IHCL) reported a 48.6% decline in net profit for Q2FY26, with a rebound expected in the second half of the fiscal year due to corporate travel and events. The company's expenses and Ebitda increased, while it also saw growth in revenue and hotel openings. IHCL also announced strategic partnerships and completed renovations in key properties.
OpenAI is expanding its reach in India by setting up data centres and offering India-specific pricing for developers. The company's CTO, Srinivas Narayan, is enthusiastic about partnering with local players to create infrastructure for both local and global use.
ICAI suggests changes for upcoming Union Budget 2026-27: decriminalisation of prosecution provisions, removal of dual penalty, e-ledger for tax payments. Mandatory return filing for individuals with large agricultural land and clarification on surcharge rates recommended. Tax neutral status for business reorganisation in LLPs and exclusion of F&O trading also suggested.
The government launched the PLI 1.2 scheme for specialty steel, aiming to attract new investments in emerging and advanced steel products. Indian companies involved in end-to-end manufacturing can apply within 30 days. The scheme covers 22 sub-categories and offers incentives of 4% to 15% on incremental sales.
Indian two-wheeler companies are now using EICMA in Milan as their main platform for global product launches, signaling their aim to expand into the international market and compete with established competitors. This move allows for greater global exposure and positions Indian brands as players in the midsize and premium segments.
Saikat Neogi reports that shipments of gems and jewellery to the US have been declining for four consecutive years. The decline was even more significant in FY26, with exports decreasing every month except for March. The US tariffs resulted in a 74% decrease in September, but the UAE quickly took over as a new market for exporters.
Finance Minister Nirmala Sitharaman reassures that privatisation of banks will not hinder financial inclusion, as professional and board-driven banks effectively serve both national and banking interests. She also expresses confidence in meeting the fiscal deficit target and aims to create a new-generation customs tariffs structure.
NCLAT grants partial relief to Meta Platforms and WhatsApp in competition case over privacy policy update. Upholds Rs 213.14 crore penalty but sets aside findings of dominance and overturns five-year data sharing prohibition for advertising purposes.
Despite growth, secondary market liquidity lags behind market expansion. Banks dominate trading, but liquidity is concentrated in few securities and limited in state government securities. Challenges in price discovery, liquidity management, and benchmark management require policy attention.
Indian universities have dropped in the latest QS Asia University Rankings, but newer IITs have improved. China, Singapore, and Hong Kong have moved up, with China having 24 universities in the top 100. India added 137 universities, but six dropped out. Despite this, India remains a leader in research.
Steel secretary Sandeep Poundrik expressed concern over low prices and dumping of sub-standard steel in the domestic market, affecting the industry. He stressed the importance of fair pricing as India aims to boost its steel capacity. Poundrik also discussed the government's efforts to reduce reliance on imported coking coal and prevent the entry of inferior steel.
Nippon India Mutual Fund is set to launch its first fund in the growing SIF industry in India, which is expected to reach Rs 15 lakh crore by 2030. The fund, managed by Andrew Holland, promises high returns with minimal risk and offers non-taxation benefits. Despite concerns from investors, Holland explains the potential for higher returns and low risk through the fund's risk curve.
Mehli Mistry, former trustee of Tata Trusts, has reached out to chairman Noel Tata to mend their strained relationship and put an end to media speculation. In a letter, Mistry expressed his commitment to Ratan Tata and the Tata Group, emphasizing the negative impact of controversy.
Indian exporters seek PM Modi's aid in dealing with US tariffs. They propose reviving the Interest Equalisation Scheme and automating GST refunds. Other concerns include skilling, cost reduction, and tariff negotiations in trade talks with the US. They also call for increased support in the Market Access Initiative and specific sectors.
Kunal Kapoor, CEO of Morningstar Global, advises investors to focus on simple, long-term, and diversified portfolios for future returns, as they may not match the past decade. He suggests not worrying about short-term market fluctuations and staying invested for the long haul, despite concerns about valuations in the Indian market.
The government is implementing strategies to enhance transmission capacity and streamline the contracting process for renewable energy projects. This involves reviewing agreements and potentially cancelling stalled projects. Emphasis is placed on grid strength, storage, and market reforms. Delays are attributed to inadequate transmission infrastructure.
India's IPO market is on the rise, but retail investors must carefully consider whether to participate or not. Venkatachalam Shunmugam recommends asking important questions and doing basic calculations before investing. The IPO is divided into two categories: Fresh Issue and Offer for Sale (OFS).
Bharti Airtel to seek reassessment of AGR dues from government after Supreme Court allows review of Vodafone Idea's liabilities. Vice chairman expresses disappointment over lack of consideration for errors in AGR judgment. Company to approach government before deciding next steps. Airtel's AGR dues estimated at Rs 44,000 crore.
Sundaram Home Finance MD, D Lakshminarayanan, talks about the robust demand for affordable housing in smaller towns despite supply-side challenges. The company plans to expand its emerging business segment. The recent GST rate cut and income tax slab revision are expected to boost demand, while the repo rate cut has had a gradual impact on lending rates.
Garden Reach Shipbuilders and Engineers experienced a notable rise in profits and revenue during the second quarter of FY26, with a growth of 57.29% and 45% respectively. The company's net profit was Rs 153.78 crore, compared to Rs 97.77 crore in the previous fiscal year. The board of directors has also approved an interim dividend of Rs 5.75 per equity share, totaling to Rs 65 crore.
The Supreme Court is worried about the expensive prices of items in multiplexes, which could result in empty movie theaters. This comes after a petition by the Multiplex Association of India challenging a decision to limit ticket prices at Rs 200. The court suggested reasonable rates to attract customers, but the association argued that it should be a matter of choice and the cap is not feasible.
Electricity prices in October saw a significant decrease of 32%, thanks to higher renewable energy generation and stable coal-based plant supply. This provided a chance for discoms and consumers to buy power at a competitive rate. Despite a 6% drop in energy consumption, electricity trade on the exchange increased by 6.7%.
Sebi Chairman Tuhin Kanta Pandey addressed the issue of repeated outages at exchanges and stated that the regulator will take action after thorough examination. He also emphasized Sebi's efforts towards simplifying compliance and promoting transparency in markets.
At the 'STEEL SUMMiT 2025', Steel Secretary Sandeep Poundrik addressed the issue of low steel prices affecting small companies. He emphasized the government's aim to increase the sector's capacity in 5-7 years and protect it from international competition and government policies. He also highlighted the need for domestic production and investment in specialty steel
H&M and Nykaa have partnered to bring H&M's beauty and fashion range to Nykaa's 45-million-strong customer base in India, showcasing the growing demand for global brands in the country. This collaboration is a perfect match as both companies share a passion for fashion and empowering young women through style.
Berger Paints India's Q2FY26 net profit decreased due to lower sales and increased brand building investments. However, revenue from operations slightly increased. Despite the extended monsoon season affecting demand, the company saw single-digit volume growth and improved market share. Total expenses and EBITDA increased, while total income remained stable.
The Supreme Court has scheduled a hearing on a plea by a chess player who makes a living playing online, as regular competitions may not be considered "betting and gambling" under the Promotion and Regulation of Online Gaming Act. The government argues that the law is necessary to combat the negative impact of online money games.
InterGlobe Aviation, the parent company of IndiGo, reported a net loss of Rs 2,582 crore in the second quarter of the current financial year, mainly due to currency movements. However, the company's total income increased to Rs 19,599 crore. Excluding the impact of currency movement, IndiGo reported a net profit of Rs 1,039 million.
Elections for 246 municipal councils and 42 nagar panchayats in Maharashtra will be held on December 2, with 1.7 crore eligible voters and 13,355 polling centers. The last day to file nominations is November 17, and polling will be conducted using EVMs. The results will be declared on December 3. The schedule for other local self-government bodies is yet to be announced by Waghmare.
Adani Enterprises, the flagship company of Adani Group, reported a 71.65% increase in net profit in Q2 FY26, reaching Rs 3,414 crore. The rise can be attributed to gains from the sale of Adani Wilmar and share sale. However, the company's revenue from operations decreased by 6%, with a consolidated revenue of Rs 21,248 crore in Q2 FY26. Additionally, Adani Enterprises plans to raise Rs 25,000
IDBI Bank has declared Anil Ambani Group's RCOM as a "fraud" and reported it to RBI. RCOM has been under insolvency since June 2019 and its assets are managed by a resolution professional. Earlier, Enforcement Directorate had attached assets worth Rs 3,084 crore linked to Anil Ambani in a money laundering investigation involving Reliance Home Finance and Reliance Commercial Finance.
A Bengaluru doctor, Mahendra Reddy GS, has shocked readers and officials by allegedly killing his wife, Dr. Kruthika M Reddy, and proposing to other women. Investigations into the murder were prompted by data from Mahendra's phone and laptop, and it was discovered that he had used a restricted drug, Propofol. The victim's sister pushed for a thorough investigation.
Jonathan Bailey, star of Bridgerton and Wicked, has been crowned Sexiest Man Alive 2025 by People magazine. The 37-year-old actor is thankful for his fans and attributes his childhood dream and career in showbiz to this honor. He is eagerly awaiting the reaction of his loved ones and is currently working on the sequel of Wicked.
Ella Devi, an 18-year-old Sri Lankan American and Parsons photography student, gained viral fame for supporting Zohran Mamdani in the NYC mayoral race. Despite facing criticism for not recognizing Wallace Shawn, she remains dedicated to canvassing for Mamdani and uses the hate and threats as motivation.
Mahindra & Mahindra reported a consolidated net profit of Rs 3,673 crore in Q2FY26, a 15.85% increase from the previous year. Revenue from operations also saw a significant growth of 21.75%. The company's Auto and Farm segments maintained their leadership in market share and profitability, while Tech Mahindra showed progress in its transformation journey.
A gas cylinder blast at the Pakistan Supreme Court has caused chaos and reportedly injured 15 people. The explosion occurred in the court's cafeteria and videos of the incident have been circulating on social media. The IG confirmed that 12 people were injured, with two in critical condition. The exact number of casualties is still undisclosed.
Union Home Minister Amit Shah criticized the Rashtriya Janata Dal (RJD) for approaching the Election Commission against the transfer of Rs 10,000 to Jeevika Didis. He assured the Didis that no one can take this amount from them, not even the RJD. The transfer was made under the Mukhyamantri Mahila Rozgar Yojana, but RJD questioned its timing and complained to the poll panel.
SBI reports a 9.97% increase in net profit to Rs 20,159.67 crore and a 3.3% rise in NII to Rs 42,985 crore in Q2FY25. Revenue from operations also saw a growth to Rs 1,19,653.93 crore. The bank earned a profit of Rs 4,593.22 crore from divesting its equity in Yes Bank and Rs 13.22 per share from its stake in
In a concerning trend for thousands of Indian students, nearly three out of four study permit applications to Canada were rejected this August, according to official immigration data. 74% of Indian applicants were denied visas in August 2025, compared to just 32% in August 2023, Reuters reported.
JM Financial downgrades BEL to 'Add' from 'Buy' due to stock surge, but raises target price to Rs 470. Steady margins and growing business opportunities noted. Concerns over high valuation despite strong Q2 performance. BEL plans Rs 1,400 crore capex for future growth.
Adani Ports and SEZ, a major infrastructure arm of the Adani Group, reported a 27% YoY profit growth in Q2 FY26 with a consolidated net profit of Rs 3,109 crore. Its revenue also saw a 29.7% increase, standing at Rs 9,167 crore. The company's EBITDA grew by 27% as well, reaching Rs 5,550 crore. The CEO attributed this success to the company's growth in logistics