Indian public sector company Oil India is facing difficulties in transferring a $300 million dividend from its investment in Russian oil companies due to US sanctions. The company, along with other Indian petroleum companies, holds stakes in two sanctioned Russian companies. Indian companies are now turning to spot markets to meet their crude oil demands.
Benchmark indices ended flat on Tuesday after a volatile session, with the Sensex closing down 150.68 points or 0.18%. The Nifty also closed lower by 29.85 points or 0.11%. The market sentiment remained cautious ahead of global central bank meetings and US tech earnings announcements.
Ficci urges for simplification of TDS structure in budget with fewer rates and provisions. Suggests tax neutrality for fast-track de-mergers and reduction in pendency before CIT (Appeal). Calls for more offices of Customs Authority for Advance Rulings to enhance trade certainty and reduce compliance burden. Finance Ministry seeks suggestions from trade and industry.
Mehli Mistry, a close associate of Ratan Tata, has been removed from the boards of the key entities controlling Tata Sons, leading to chaos in the philanthropic organizations and a battle for control over the Tata Group. This raises concerns about governance and board representation, with legal experts divided on the consequences and possible actions by Mistry.
PNB Housing Finance is expanding its loan portfolio by re-entering corporate lending and prioritizing construction finance. It aims to reach a loan book of Rs 1 lakh crore by FY27, driven by affordable and emerging markets. The company plans to expand its branch network and focus on informal segments. Its loan book has grown by 17% and asset quality has improved, indicating a strong performance.
The largest commodity exchange in India experienced a delay of over four hours in trading on Tuesday due to a technical issue. Operations were shifted to the Disaster Recovery site and trading resumed at 1.25pm. The company is investigating the cause and will take necessary corrective measures.
Two people died and several were injured when a bus carrying labourers caught fire in Jaipur due to a cylinder blast, the third such incident in recent days. Deputy CM confirmed the incident and stated the bus was carrying two LPG cylinders which exploded near a high-tension wire. This is third such incident in the past two weeks.
The Union Cabinet has formed the 8th Pay Commission, headed by Justice Ranjana Prakash Desai, to revise the pay, pension, and allowances for 11.9 million central government employees and pensioners. The commission will submit its report by April 2027, with the fiscal impact deferred to FY28.
IPO market set for a busy week with three unicorns, Groww, Pinelabs, and Physics Wallah, expected to raise a total of Rs 16,800 crore. Lenskart's Rs 7,278 crore fundraise will also close for public bids. Investment bankers predict a total of $2 billion fundraises and launches in the next week. Expectations of $10-15 billion through IPOs in the next two months. Over 200 companies to raise $35
The government has introduced a new financing model for highway development called Built Operate Transfer (BOT). The Model Concession Agreement (MCA) has been restructured after 15-16 years to reduce risk for private developers. The new system, Build Operate Transfer (Toll and Annuity), will be used for public-private partnership projects.
OpenAI is providing a free one-year subscription to ChatGPT Go, its advanced plan with increased query limits, to Indian users from November 4. This showcases the company's emphasis on India as a crucial market for AI and aligns with the government's IndiaAI Mission.
The Lukshmi Vilas Palace in Vadodra, Gujarat is the largest and most expensive private residence in the world. Commissioned by Maharaja Sayajirao Gaekwad III, the 135-year-old palace showcases a unique blend of Indo-Saracenic architecture and stunning gardens. While open to the public, the private wing is still occupied by the royal Gaekwad family.
AGEL's net profit increased by 28% in the September quarter, with a rise in revenue from power supply and a 49% expansion in operational capacity. The company is on track to reach its 50 GW target and is making significant progress in its renewable power business.
Indian companies announce Q2FY26 results, including TVS Motor, Adani Green Energy, Shree Cement, M&M Financial Services, Tata Capital, and KFin Technologies. TVS Motor reports a 42% increase in net profit and record sales in two- and three-wheelers. Adani Green Energy sees a 25% rise in profit. Shree Cement declares a dividend of Rs 80 per share.
Zoho founder Sridhar Vembu's comments linking childhood vaccines to autism in India have sparked controversy. Health experts have criticized his remarks, but Vembu defends his stance and calls for open-mindedness. The study he cited has been debunked, but Vembu argues that being a specialist doesn't guarantee understanding of vaccines' long-term effects on children.
The Union Cabinet has approved a fertiliser subsidy of 37,952.29 crore for the winter crop season, which is 736 crore more than the budget for the Kharif season. This will ensure affordable prices for fertilisers and is 140 billion higher than last year's allocation. The subsidy will be provided for P&K fertilisers, including DAP and NPKS grades
New York Post calls out Zohran Mamdani's "nepo baby status" on front page, highlighting his privileged background as the son of Oscar-nominated filmmaker Mira Nair and renowned scholar Mahmood Mamdani. Despite criticism, Mamdani has not shied away from his roots and has credited his parents for his privileged upbringing. The article has sparked controversy.
TVS Motor Company reported a 41.9% YoY profit growth in Q2 FY26, with a consolidated net profit of Rs 795.48 crore. Its revenue also increased by 25.4% to Rs 14,051 crore. The company's Operating EBITDA reached a record high of Rs 1,509 crore, marking a 40% growth. Its operating EBITDA margin also improved by 100 basis points to 12.7% in Q
Enrique Iglesias' highly-anticipated return to Mumbai after 20 years has Bollywood fans buzzing. The two-day concert, happening on October 29-30, will be graced by top Bollywood celebrities, including Vidya Balan, who credits the singer's first concert in India for kickstarting her career in the industry.
Manpreet Singh, a 27-year-old from Brampton, Ontario, is wanted for the murder of Amanpreet Saini in Niagara. Authorities suspect he may have fled the country after the incident. Saini, from North York, was found dead on October 21.
In an effort to reduce Delhi’s toxic air quality, the Commission for Air Quality Management (CAQM) has announced that starting November 1, 2025, only BS6-compliant commercial vehicles will be allowed to enter the national capital. All vehicles that run on BS4, BS5, or older emission standards will be completely banned from entering Delhi, according to PTI.
Zoho founder Sridhar Vembu's post about the link between vaccination and autism has caused controversy. He cited a report and urged parents to take it seriously, but some are worried about not vaccinating. Studies have not found evidence of a connection between vaccines and autism.
Indian refiners are avoiding new orders for Russian oil due to sanctions and are buying from spot markets instead. Indian Oil has issued a purchase tender and Reliance is increasing spot market purchases. The EU, UK, and U.S. have imposed sanctions on Russia, including top producers Lukoil and Rosneft. Indian refiners are likely to decrease Russian oil imports to follow new U.S. sanctions
Tom Hayes, an ex-UBS trader, is suing the company for $400 million in damages, accusing them of making him the scapegoat for the Libor scandal. He claims that UBS destroyed his reputation and career, causing him to lose his liberty, marriage, and son's childhood. After a 10-year legal battle, his conviction was overturned. Hayes is now seeking justice and holding UBS accountable for their actions.
The Karnataka Congress on Tuesday lashed out at critics and opposition leaders over claims that the state “lost” Google’s $15 billion data centre project to Andhra Pradesh. In a fiery post on X, the ruling party dismissed the criticism as “noise” and said Karnataka continues to attract global investors because of its talent and innovation, not by offering “inducements.”
Harshvardhan Rane and Sonam Bajwa's romantic drama 'Ek Deewane Ki Deewaniyat' had a strong opening at the Box Office, but saw a decline in collections on its first non-festive weekday. Despite facing competition from other films, it has managed to earn Rs 44.85 crores domestically and become the highest earner of Rane's career and the fourth-highest of Bajwa's. Directed by Milap Zaveri
Larsen & Turbo's Heavy Engineering vertical has secured orders worth Rs 1,000 to Rs 2,500 in international and domestic markets. The company received new orders in oil, gas, and fertiliser projects in the United States, Mexico, and Brazil, as well as in the nuclear power equipment segment. With a 7.21% increase in share price this year, L&T continues to operate successfully.
India's Hindustan Aeronautics and Russia's United Aircraft Corporation have signed an MoU to produce the SJ-100 passenger aircraft in India, the first time since 1988. The SJ-100 is a twin-engine, narrow-body aircraft used for commercial purposes, with 200 already in use by 16 airlines. This deal will enhance regional connectivity and generate employment opportunities
This week, the primary market will witness two contrasting consumer stories - Orkla India, a packaged food company, and Studds Accessories, a leading helmet and motorcycle gear maker. While Orkla's IPO offers no fresh funds, Studds' IPO is recommended due to its strong financial growth and growing two-wheeler market. Both are pure offer-for-sale (OFS) listings.
On October 31, movie lovers can expect a big day with the release of highly anticipated movies on both theaters and OTT platforms. Bahubali fans are eagerly awaiting the latest installment, while other blockbusters like Kantara Chapter 1, Lokah Chapter 1: Chandra, Idli Kadai, and Baaghi 4 will also have their digital premieres. These movies have been successful at the box office.
A leading cardiologist speaking to CNN commented on President Donald Trump’s health, suggesting that the 79-year-old may have quietly undergone an MRI scan due to possible neurological concerns. Trump revealed visiting the Walter Reed National Military Medical Centre on Monday and said the “MRI turned out perfect."
Jana Small Finance Bank's application to become a universal bank was rejected by the RBI due to not meeting requirements. The bank's CEO plans to fix the issues and reapply. However, the recent changes in its parent company structure were not related to this. Another small finance bank, AU, was granted permission to become a universal bank by the central bank.
Darshan Singh Sahsi, a prominent businessman, was fatally shot outside his home in Abbotsford, British Columbia on Monday morning. The incident was caught on camera and shows a gunman getting out of a car and shooting Sahsi as he was getting into his truck. Police are investigating the incident.
The International Monetary Fund (IMF) has warned that US debt levels could soon surpass those of Italy and Greece, Financial Times reported. The alarming prediction comes as Donald Trump’s administration announced massive tax cuts and increased defence spending under “One Big Beautiful Bill.”
An Indian master's student, Praneeth Kumar Usiripalli, has been charged with stabbing two teenagers with a metal fork on a Lufthansa flight from Chicago to Germany. The incident caused the flight to be diverted to Boston Logan International Airport, where Usiripalli was arrested,
The Supreme Court's decision to allow the government to review the AGR verdict has put the spotlight on Vodafone Idea's share price. Motilal Oswal has upgraded the stock and increased the target price, but the company still needs more relief measures to reduce its AGR dues.
MP Shashi Tharoor recently joined the Aryan Khan fan club and received backlash for his positive review of Aryan's directorial debut, The Ba***ds of Bollywood. Tharoor denied the allegations of a "paid review" and defended his opinion. He praised the show for its writing and direction, calling it a "masterpiece" and "OTT gold." Tharoor also congratulated Aryan and his father, Shah Rukh Khan.
Indian equity indices opened Tuesday's trading session with a slight increase in NSE Nifty 50 and BSE Sensex, while Bank Nifty remained flat. Small and midcap stocks had a strong start. The market is anticipating a deal between US and China on tariffs. Early gainers include SBI, Adani Ports, and Tata Steel, while IndiGo and Bajaj Finance are among the laggards.
Bollywood actor and BJP MP Kangana Ranaut was granted bail on Monday by a Bathinda court in a defamation case dating back to her 2021 social media post made during the farmers’ protest, PTI reported. The Queen actor expressed regret over the “misunderstanding” and said she has deep respect for every “mata” (mother), whether from Punjab or Himachal Pradesh.
India's top eyewear company, Lenskart, is launching its IPO on October 31 with a target of raising Rs 7,278 crore. The grey market premium for its shares is high, but analysts caution that the valuation may be too high. Promoters and investors will sell 12.75 crore shares.
Influencer Ben Bader, known for his lifestyle and financial advice content, passed away at the young age of 25. His girlfriend, Reem, shared the news on TikTok, describing him as a kind and positive person. The cause of his death is still unknown, with toxicology reports pending. Bader's last social media post was on his 25th birthday, where he expressed his desire for more in life.
Joining the recent wave of layoffs, Paramount Skydance is expected to announce 1,000 job cuts on Wednesday, a Bloomberg report said citing sources familiar with the matter. The report further added that a second round of layoff will be announced later which will take the total number of job cuts to 2,000.
US President Donald Trump and Japan's new Prime Minister Sanae Takaichi have signed two new deals, strengthening their alliance. One deal focuses on US-Japan relations, while the other deals with rare earths. This marks the beginning of a "new golden age" for their countries.
Amazon is preparing to lay off as many as 30,000 corporate employees starting Tuesday, according to a report by Reuters. This is one of the company’s largest job reductions since 2022. The mass firing is expected to impact nearly 10% of the company’s corporate workforce.
PNB Housing Finance reported a 24% increase in net profit to Rs 582 crore for Q2, driven by growth in affordable and emerging markets. Net interest income grew by 14.4%, while net interest margin decreased to 3.67%. Operating expenditure rose by 7.6%.
Bank of India's MD & CEO, Rajneesh Karnatak, reports improved asset quality in the September quarter with gross NPAs at 2.54% and net NPAs at 0.65%. The bank's one-time settlement scheme aims to resolve issues in MSME and retail sectors. The corporate loan sanction pipeline is at Rs 60,000 crore, with a focus on power, petroleum, renewable energy, and roads.
Ola Electric has launched Hyperservice, an open platform that allows independent mechanics and garages to purchase genuine spare parts directly through its app and website. This eliminates intermediaries and offers full transparency. The company plans to expand this service to include diagnostic tools and technician certification programs.
RBI Deputy Governor emphasizes TReDS, credit assessment models, and fair lending for reviving stressed MSMEs. MSMEs crucial for India's economic growth, RBI committed to strengthening credit ecosystem through initiatives like ULI, Account Aggregator framework, and Regulatory Sandbox. Meeting addresses trade war challenges and calls for government, regulator, and industry support for MSMEs.
MCX stock price rises 4% as new options contracts for bullion index are launched, aimed at reducing volatility in commodities market. MD & CEO Praveena Rai hails this as a crucial step for India's commodities ecosystem, providing an innovative product for market players to access a range of commodities.
Leena Nair, the global CEO of Chanel, is a prime example of Indian women's capability and dominance in various industries. She rose from a small town, becoming the first woman in her family to pursue higher education and holding top positions at Hindustan Unilever. Her success and advocacy for human-centred workplaces make her an inspiration for young women of colour everywhere.