JSW Energy has been approved by Raigarh Champa Rail Infrastructure's creditors to acquire the debt-ridden entity. This follows their successful acquisition of KSK Mahanadi Power Company Ltd in March, giving them indirect ownership of RCRIPL. The company has received a Letter of Intent from the Resolution Professional for the transaction.
The October Index of Eight Core Industries (ICI) remained stagnant, with four sectors experiencing a decline. Fertilizers, steel, cement, and electricity were the top performers, while coal, crude oil, natural gas, and refinery products saw a decrease in output.
By FY30, renewable energy will contribute 35% of power generation with a 200 GW increase in capacity. Timely project implementation, transmission infrastructure development, and PPAs are crucial for success. However, there is a decline in project bids and PPAs, raising concerns about execution and grid stability.
After a decade of dating, South Korean actors Kim Woo Bin and Shin Min Ah are getting married, confirmed by their agency AM Entertainment. The couple first met on a fashion brand ad shoot in 2015 and have overcome obstacles, including Woo Bin's cancer diagnosis. Fans and the K-entertainment industry are thrilled for their upcoming wedding on Dec. 20.
CAG issues directive to harmonize Object Heads of Expenditure across Union and State governments by FY 2027-28, addressing long-standing inconsistencies and improving budgeting and accounting systems. Deputy CAG highlights progress on Monthly Civil Accounts reform, advancing rendering dates to 10th and 15th of the following month in certain states.
ICICI Prudential AMC is waiting for regulatory clearance on their ₹10,000-crore IPO and is focused on capex and consumption stories. CIO Anand Shah manages Rs 63,807 crore and believes Indian markets are still trading at a 9% premium.
Lawmakers are disappointed with the Labour Ministry's failure to revise the National Floor Level Minimum Wage (NFLMW) for eight years, despite it being expected to be revised every two years. The NFLMW was introduced in 1991 to create a minimum wage system and bridge gaps across India.
Verizon, a major U.S. wireless carrier, will cut 13,000 jobs to reduce costs and improve operations, according to new CEO Dan Schulman. The decision is driven by the need to streamline operations and address customer issues, while facing competition and investing in 5G technology. A career transition fund will be available for affected employees.
Saudi crown prince Mohammed Bin Salman Al Saud, with a net worth of $1 billion and control over the $925 billion Public Investment Fund, leads a lavish lifestyle with a $500 million yacht and a $300 million Château. On a visit to the US, he was welcomed with a black-tie dinner party attended by notable figures.
India's crude imports from Russia will decrease after November 21 due to sanctions, but refiners are working to find alternative supply sources. Russian crude will still be available through unclear channels, and the future of this trade will be impacted by how strictly Western nations enforce sanctions. Recent tanker activity suggests a change in Russian trading tactics.
West Bengal CM Mamata Banerjee has written to the CEC expressing her concerns about the Special Intensive Revision (SIR) exercise in the state. She called it "unplanned" and "coercive" and highlighted the mounting work pressure on those working on it. Banerjee also mentioned the death of an anganwadi worker who was serving as a booth-level officer, citing the "human cost of SIR mismanagement".
Mamata Banerjee, Chief Minister of West Bengal, has raised concerns about the Special Intensive Revision exercise being conducted in a chaotic and dangerous manner. She has urged the Chief Election Commissioner to halt the exercise and reevaluate its methodology and timelines.
TCS and TPG have formed a joint venture to establish data centres in India, investing Rs 18,000 crore. TCS will collaborate with TPG to construct advanced AI data centres and create a subsidiary. Other major Indian companies like Adani and Reliance Industries are also investing in this sector. This is a significant move for TCS, known for its low capital expenditure approach.
India's defence production reaches record high of Rs 1.54 lakh crore, with exports at Rs 23,622 crore. Private sector dominates exports, while PSUs account for 77% of production. 193 defence contracts worth Rs 2.09 lakh crore signed in FY25. India aims to achieve Rs 3 lakh crore in defence manufacturing and Rs 50,000 crore in exports by 2029.
Motilal Oswal, a domestic brokerage firm, predicts a 17% upside in one of its recently picked stocks. The firm is bullish on Reliance Industries, with its new energy business expected to scale up in FY27. L&T is expected to see growth in the Middle East market, while Happy Forgings is likely to post steady performance and an earnings CAGR of 22% over FY25-28.
Donald Trump, the 45th President of the US, has never consumed alcohol due to a family tragedy - his brother's death from alcoholism. He has a strict no alcohol, no drugs rule for his children and believes it can hinder one's potential. His abstinence could also be protecting him from potential harm.
The Index of Eight Core Industries (ICI) remained steady at 162.4 in October, with gains in refinery, fertiliser, steel and cement production offset by declines in coal, natural gas, and electricity generation. These eight industries account for 40.27% of India's industrial production index.
PVR INOX, a leading multiplex chain, is transforming cinemas into social spaces by blending movies, design, and lifestyle. Its latest luxury multiplex in Delhi offers unique amenities such as a nail bar, gaming arena, lounge, perfumery corner, and cafe.
Shubman Gill's participation in the second Test against South Africa is uncertain due to a neck injury. The BCCI is waiting until the last minute to decide on his availability. His absence in the first Test had a big impact, but the batting coach is confident in the team's depth. Dhruv Jurel may replace Gill, pending a fitness test.
The November IPO season saw new-age tech companies like Orkla India, Lenskart Solutions, Groww, Pine Labs, and PhysicsWallah making their debut. While some faced scepticism over their valuations, others experienced initial surges before correcting. PhysicsWallah had a strong listing but faced a decline afterwards.
Niti Aayog member Ramesh Chand suggests improving warehouse infrastructure and tapping into the export market to meet the growing demand for agricultural products. He emphasizes the importance of regulations to influence investment decisions and prevent food losses. With a predicted rise in agricultural production, India's agriculture sector can maintain a steady 4% growth
An experienced IIT graduate lost their job due to company restructuring and has been struggling to find new opportunities despite using premium services on professional networking sites. With only a 2-month runway and a family to support, the person is facing a dire situation after 7 months of unsuccessful job search.
Transrail Lighting, a top EPC company in the power transmission and distribution industry, secured a Rs 548 crore contract from a Middle Eastern customer. This boosts the company's order book to Rs 4,285 crore for FY26, demonstrating significant growth in key business areas. In Q2 FY26, the company saw a 65% YoY increase in profits and a 43% YoY increase in revenue.
Reliance Infrastructure, under Anil Ambani's leadership, has established a new Board of Management to enhance governance and strategic oversight. The board will comprise of top executives and business leaders and will prioritize investments in defence, renewable energy, and power distribution.
Indian equity benchmarks closed higher on Thursday, with the Nifty 50 and BSE Sensex rising 0.54% and 0.52%, respectively. The Nifty Bank also settled higher, while small-cap and mid-cap stocks closed lower. Optimism around India-US trade talks and progress on phase-1 agreements, along with strong global cues, drove the market sentiment.
Supreme Industries has confirmed that GST authorities conducted search and inspection proceedings at its offices in Nariman Point, Andheri East, and Khopoli. The inquiry covers financial and insurance information, but the company is cooperating fully and does not expect any major impact on its business. The stock price has dropped by almost 24% this year.
Indian-American lawyer Anuj Dixit has withdrawn from his US Congressional bid for a California House seat due to district changes under Proposition 50. Despite raising $430,000 and being a vocal opponent of corporate PACs, Dixit is determined to protect individual voices in democracy. He would have been the first LGBTQ Indian American elected to Congress if he had won.
JPMorgan turns bullish on seven banks including ICICI, Kotak, and SBI, projecting up to 26% upside through FY26–FY28. The report highlights clean balance sheets, margin expansion, and stable growth in India’s banking sector.
The Nashik Trimbakeshwar Kumbh Mela Development Authority has approved the expansion of the Nashik (Ozar) airport before March 2027, in preparation for the upcoming Simhastha Kumbh Mela. The expansion, estimated to cost Rs 556 crore, will be carried out by HAL and will increase the airport's capacity from 300 to 1,000 passengers per hour.
HAL and Hensoldt AG have signed a technology transfer agreement for sensors and guidance systems at the Dubai Airshow. This partnership will enhance the indigenous ecosystem for developing technology for obstacle collision avoidance systems in India. HAL is expected to deliver the first batch of 8 Tejas Mk1A aircraft within the next 24-36 months, with production ramping up later.
Edtech company PhysicsWallah experienced a tumultuous first week on the stock market, with a strong debut followed by two consecutive days of decline. The stock dropped over 11% intra-day, resulting in a loss of Rs 9,700 crore in just three sessions. Concerns about the profitability of the company's offline classes and questions about its valuation have been raised by analysts.
Indian education platform PhysicsWallah, founded by Alakh Pandey and Prateek Maheshwari in 2016, disrupted the industry by offering free competitive exam education on YouTube. Their app launch in 2020 and recent public listing added Rs 12,354 crore to investor wealth. Both founders, now billionaires, credit their humble backgrounds and Maheshwari's technical expertise for their success.
Indian-origin McDonald's employee Pargan Singh, better known as "Balbir," celebrated his 40-year work anniversary at the Saugus outlet in Massachusetts. He was surprised with a $40,000 gift cheque, a limousine ride, and red carpet treatment. Singh started working for the franchise in 1985 and now runs four McDonald's locations
Jammu and Kashmir police's State Investigation Agency (SIA) raided Kashmir Times office for promoting anti-national activities. A case has been filed against the newspaper and its promoters, who may face questioning. Authorities also inspected lockers at a government medical college in Anantnag after the Delhi blast and recovery of arms. The crackdown on the Al-Falah Group is ongoing.
Ariana Grande announced on Amy Poehler's podcast that her upcoming tour will be her last for a while as she shifts her focus to acting and theatre. She is promoting her latest release, 'Wicked: For Good', and expressed her excitement for the smaller scale 41-date tour, which she hinted will be her 'last hurrah' before a long hiatus from music. Tickets are available for purchase.
The Enforcement Directorate has attached assets worth Rs 1,400 crore in a money laundering probe against Anil Ambani and his companies, taking the total to Rs 9,000 crore. Yes Bank invested Rs 2,965 crore and Rs 2,045 crore in Reliance Home Finance and Reliance Commercial Finance respectively, leading to allegations of diversion and laundering of public funds. Supreme Court involved.
Cristiano Ronaldo attended a dinner at the White House hosted by Donald Trump, causing a stir due to his surprise appearance and appearing taller than Trump. Netizens speculated about the height difference, with Trump jokingly defending himself and saying his son now respects him more.
GE Aerospace is investing $14 million to expand its Pune facility, bringing the total investment to $44 million in 2 years. The facility produces components for various engines and will improve manufacturing processes and automation. The site has a network of 300 suppliers and has trained 5,000 production associates. This investment shows GE's dedication to the Make in India initiative.
The US CDC has revised its stance on the link between vaccines and autism, stating that the claim is not evidence-based and studies have not ruled it out. This follows criticism of the agency's promotion of this stance.
Motilal Oswal rates Larsen & Toubro as 'Buy' with a target price of Rs 4,500, expecting a 12% increase. The company's management is prioritizing capital allocation and aims to sell non-core assets while investing in new areas. L&T is confident about growth in the Middle East, thermal BTG projects, and domestic orders. They plan to invest Rs 1 lakh crore in the next year.
Fujiyama Power Systems, a leader in the rooftop solar industry, raised Rs 828 crores through an IPO at a discounted price of Rs 220 on the National Stock Exchange. The IPO, which included fresh shares and an offer for sale, opened on November 13 and closed on November 17, with the allotment finalised on November 18.
Nvidia CEO Jensen Huang believes that the AI market is not in a bubble, citing the end of Moore's Law, accelerated computing, and the rise of agentic AI as key factors. Despite concerns of overvaluation, Huang predicts sustained growth due to infrastructure investments and data processing demands. Recent earnings reports also show Nvidia's strong position in the AI industry.
Apple has released its list of the top podcasts of 2025, with The Joe Rogan Experience taking the #1 spot. The podcast, hosted by Joe Rogan, offers interesting discussions and controversial guests, captivating audiences globally. The New York Times' The Daily, which was last year's #1, has been dethroned and ranked at #2.
The Dulquer Salmaan-Bhagyashri starrer Kaantha, made on a budget of Rs 40 crore, is facing a major decline in its box office earnings. Despite opening with a moderate collection of Rs 4.35 crore, the film failed to pick up pace on its first weekend, earning only Rs 5 crore on Saturday and Rs 4.5 crore on Sunday.
Excel Entertainment's film '120 Bahadur' pays homage to the courageous soldiers of the Kumaon regiment who fought in the 1962 Sino-Indian war. Despite facing criticism and legal issues over alleged historical inaccuracies and offending the Ahir community, the Delhi High Court ruled in favor of the film. It received widespread acclaim for its authentic depiction of the war and its brave soldiers.
ACME Solar Holdings has successfully added 16 MW to its 100 MW wind power project in Gujarat, bringing the operational capacity to 44 MW. The company managed to commission the project ahead of schedule, despite delays due to Force Majeure events. PFC provided financing for the project, which was constructed by ACME Solar's in-house team.
Groww's share price has fallen by 9% today, causing its market capitalization to drop below Rs 1 lakh crore. Analysts are questioning the company's valuation, with the real test to come when locked-in investors can access their shares and financial results are released.
HUL's stock has surged 2% in the last 2 days after announcing the date for its demerger, with leading brokerage house Nuvama recommending a 'Buy' and setting a target price of Rs 3,200. The demerger of HUL's ice-cream unit is central to Nuvama's renewed stance, with the upcoming record date of December 5, 2025.
Godrej Properties has acquired a 3.8-acre land parcel in South Bengaluru, adding to their existing 26-acre parcel. This will allow them to develop a large premium residential community and generate an estimated revenue of Rs 3,500 crore. The company plans to design an integrated group housing township with open spaces and sustainable features.
The 46th Blue Dragon Film Awards were a huge success, with Son Ye Jin and Hyun Bin winning Best Actor. The Hallyu Wave continued with the Korea Grand Music Awards and more upcoming K-drama and K-pop award shows. These include the 2025 MAMA Awards, 2025 Asia Artist Awards, and 2025 Melon Music Awards. Other highly anticipated events include the 2025 SBS Gayo Daejeon and Hanteo Music Awards.