SBI Life Insurance's second-quarter profit fell by 7%, impacted by higher operating expenses and commissions paid to boost sales in a competitive market. Despite strong insurance demand in India, rising costs and increased competition have affected the company's net profit, which decreased to Rs 495 crore from Rs 529 crore a year earlier. However, net premium income saw a 22.6% increase
FM Nirmala Sitharaman praises Rs 6.05 lakh crore festival sales, credits new GST reforms. Simplified GST registration process to start from November 1, aimed at simplifying business operations and promoting transparency. Emphasizes on polite and empathetic attitude towards taxpayers, accountability within CBIC, and use of technology to reduce compliance burden.
Delhi Police arrests two suspected ISIS operatives planning a terror strike in Delhi during Diwali. The suspects, both named Adnan, had taken a vow of allegiance for ISIS and had conducted a recce of high-footfall areas in the national capital. Incriminating material, including a video and photos, were recovered from their possession.
ITC Hotels experienced a slight decline in profit of 0.31% in the second quarter of fiscal year 2025-26. The company's consolidated net profit was Rs 133.29 crore, compared to Rs 133.71 crore in the same quarter last year. However, there was a 2.8% revenue growth, with consolidated revenue of Rs 832 crore. Sudhir Gupta has been promoted to Vice President of Procurement.
Rakesh, a salaried professional, realized the importance of retirement planning at 35 and set a target of ₹75 lakh by 50. With a systematic investment plan and the power of compounding, even an average salaried individual can achieve this goal. Choosing the right equity fund is crucial for consistent returns. Financial freedom by 50 is achievable with a modest salary.
In 2025, Canada experienced a 60% decrease in international student arrivals. This decline is also reflected in the rejection of 80% of study permit applications from Indian students in Q2. The government's efforts to decrease the overall population have also led to a decrease in the number of temporary foreign workers.
A bus accident in Andhra Pradesh resulted in the death of 20 people after a bike collided with the bus and caused a fire. Survivors had to break windows to escape as the main door was locked. An inquiry has been ordered by the Chief Minister, and the Prime Minister has announced compensation for the families of the victims.
22-year-old cricketer Tilak Varma opened up about his battle with rhabdomyolysis, a rare condition that causes muscle death and kidney failure. He believes his overstraining on rest days and lack of recovery time may have caused it. Rhabdomyolysis can be triggered by intense exercise, dehydration, or certain medications.
George Clooney confirms upcoming Ocean's Fourteen heist movie and praises real-life Louvre jewel thieves, hinting at a similar theme for the film. The script is done and the original cast is expected to return. Fans are hyped for the comeback of the popular franchise after over a decade. Clooney also discusses his upcoming movie 'Jay Kelly' with Adam Sandler.
The Kerala High Court has ruled that the ownership certificates given to actor Mohanlal for possessing ivory are invalid. A Division Bench, comprising of Justice Jobin Sebastian and AK Jayasankaran Nambiar, examined government orders from 2016 and declared them to have no legal standing. Further details are yet to be released.
Indian leather and allied product firms are facing a tough fiscal year with a projected 10-12% decrease in revenues due to the 50% tariffs imposed by the US. This will also lead to a decline in export volumes. However, a potential rise in domestic demand may provide some relief. The industry's heavy reliance on exports, particularly to the US, is a major concern.
Jefferies, a global brokerage firm, has identified three key stocks for investors to focus on with potential upside of up to 34%. Hindustan Unilever, Colgate-Palmolive, and Sunteck Realty have all been given a 'Buy' rating by the brokerage, citing growth potential, margin improvement, and steady business fundamentals.
Docon Technologies, parent company of Thyrocare Technologies, has sold a 10% stake in the company for Rs 667.69 crore. The stake was sold at an average price of Rs 1,252.03 per share through market trades on October 24. Despite the sale, Docon Technologies remains a promoter with a 60.93% stake. Thyrocare's share price rose 1.6% after the sale and has gained 5.45% in
India's private sector growth in October hit a five-month low due to weaker demand and rising output costs. Services sector was the main contributor to the decline, while manufacturing activity improved. New orders and exports slowed down, and cost pressures eased but were not passed on to customers. Business optimism for the future also decreased.
Domestic steel prices have dropped to a five-year low due to high imports and low exports, caused by an oversupply in the global market and China's aggressive export strategies. The Indian government is taking steps to address the issue, including an open house by the Ministry of Steel. Despite a rise in exports, India continues to import due to high costs and low demand.
Kim Atienza's 19-year-old daughter, Emman Atienza, passed away in Los Angeles. Her family shared a statement on Instagram, remembering her for bringing joy and love into their lives and being an advocate for mental health. Emman was known for her authenticity and making others feel seen and heard. She was a rising star on TikTok and a social media influencer for young internet users.
Two Diwali releases, Thamma and Ek Deewane Ki Deewaniyat, opened on a strong note but have witnessed a sharp dip in collections since Day 2. Thamma, a vampire comedy, earned Rs 24 crore on Day 1 but has now reached a total of Rs 55.17 crore in three days. Meanwhile, Ek Deewane Ki Deewaniyat, starring Harshvardhan Rane and Sonam Bajwa, has collected Rs
Florida mall hit by heist similar to Louvre's Crown Jewels theft. Masked burglars cut hole in roof to steal hundreds of Nike and New Balance sneakers. Authorities impressed by effort and organization of thieves, compare it to movie heists. Estimated losses of $40,000-$50,000 and $10,000 for roof repair. No suspects or arrests yet, investigation ongoing. Public urged to share tips.
Gold prices eased after a nine-week rally as traders await US CPI data. JP Morgan expects bullion to hit $5,000 by 2026 despite profit booking.
Larsen and Toubro (L&T) has received a large-scale work order from Hindalco Industries, valued between Rs 2,500- 5,000 crore. The order includes setting up an aluminium smelter and Gas Treatment Centre for their upcoming project in Odisha. L&T's Minerals & Metals business will execute the orders. The company has a long-standing partnership with Hindalco
Nita Ambani, the crown jewel of Reliance Industries, is known for her impeccable taste and indulgence in luxurious jewels. Her personal collection includes Mughal-era gems and extravagant pieces worth crores, often compared to the GDP of some countries. From a Rs 500 crore emerald necklace to a zillion-dollar diamond neckpiece, Nita Ambani's jewelry collection is nothing short of royalty.
Orkla India, the parent company of MTR Foods, is launching its IPO on October 29 with an issue size of Rs 1,667.54 crore. The price band is set between Rs 695-730 per share, and the lot size is 20 shares. The IPO is managed by ICICI Securities, Citigroup Global Markets India, JP Morgan India, and the company will not receive any proceeds. Funds will go to the selling shareholders.
LeBron James has been dragged into a massive NBA scandal involving two gambling operations, with over 30 people arrested and prominent players. While James himself is not involved, his long-running ties with Jones have made him a focus of the issue. The scandal involves rigged poker games and leaking insider information about NBA stars, with the Mafia allegedly involved as well.
Hindustan Unilever's share price dropped by 3% due to the impact of GST transition and prolonged monsoon on its performance in the quarter. However, most brokerages maintain a Buy rating with a target price of Rs 3,050-3,200 per share, citing new launches and supportive macroeconomic factors as drivers for growth.
The IMF has advised Asia to decrease non-tariff barriers and promote regional trade integration to minimize the impact of US tariffs and global financial instability. The region has seen a rise in intra-regional trade due to trade conflicts with the US and investments in AI. Lowering non-tariff barriers and pursuing wider trade agreements could bring significant advantages.
IMD issues warning for South India as intense weather activity is expected from October 24 onwards. Heavy rainfall, thunderstorms, and lightning predicted due to a low-pressure system developing in the Bay of Bengal. Tamil Nadu, Andhra Pradesh, Telangana, Kerala, and Karnataka to experience wet conditions. Fishermen advised to stay away from the sea.
23-year-old actress Isabelle Tate, known for her role on '911: Nashville', passed away from complications of Charcot-Marie-Tooth disease, a rare neuromuscular disorder. Despite her disability, she was a talented actress who inspired others. CMT affects peripheral nerves, causing weakness and loss of sensation in limbs.
The Defence Acquisition Council has approved new procurement proposals worth Rs 79,000 crore, benefiting listed companies like Bharat, Cochin Shipyard, and Mazagon Dock Shipbuilders. The approvals promote local production and reduce dependence on foreign suppliers, with a 15-year roadmap for advanced capabilities. This highlights the high-growth phase of the defence sector.
The Trump administration's new H-1B visa policy, which includes a $100,000 fee for new applicants, is facing legal challenges. The White House says it will benefit American workers and prevent fraud, but the US Chamber of Commerce and a coalition of unions argue it is unlawful and will harm businesses. Tech giants like Amazon, Microsoft, and Google are expected to be impacted.
Midwest, a quartz processing company, had a successful IPO on Indian bourses, with its shares listing at a premium of 9.4%. The IPO was oversubscribed 92.36 times, with strong demand from retail and institutional investors. The company plans to use the proceeds for investments, capital expenditures, and solar integration.
US President Donald Trump pardoned Binance founder Changpeng Zhao after arguing his actions were not criminal. Trump stated he had never met Zhao but was acting on the recommendation of "very good people". Zhao served as the CEO of Binance before he stepped down in 2023 after the company pleaded guilty to violating US anti-money laundering laws and agreed to pay a $4.3 billion fine.
A 21-year-old Indian trucker, Jashanpreet Singh, who entered the United States illegally, has been charged with vehicular manslaughter after a devastating crash in Southern California that left three people dead and four others injured.
Indian equity benchmarks, Sensex and Nifty, started Friday's session with a slight decline. The Nifty Bank index also opened higher. Traders are eyeing Nifty's record high and are hopeful for US tariff cuts on Indian imports. However, oil prices, US-China trade tensions, and FIIs turning net sellers could cap the upside.
Indian-American Congressman Krishnamoorthi warns that China's new K visa program will harm the US economy and drive away talented individuals. He criticizes the Trump administration's crackdown on H-1B visas and highlights the importance of immigrant talent for America's economic growth.
"Dude", directed by Pradeep Ranganathan, has become a major hit for Tamil cinema, grossing Rs 56.55 crore in its first week and on track to reach Rs 100 crore. The film's success follows Ranganathan's previous blockbusters "Dragon" and "Love Today". Despite facing competition from Bollywood's "Thamma", "Dude" has maintained steady collections and attracted audiences.
Trump announced on social media that he is halting all trade talks with Canada due to their recent ads protesting US tariffs, which he deemed as "egregious behavior" to sway court decisions. This follows Canadian Prime Minister Mark Carney's plan to increase exports to non-US countries in response to Trump's tariffs.
Russian President Vladimir Putin has declared that he will never succumb to pressure from the US or any other foreign power. He has also warned of a strong response to any military strikes on Russia. Meanwhile, US President Donald Trump has imposed sanctions on Russia's top oil companies, leading to a rise in global oil prices and India considering cutting imports.
Indian-American policy expert Ashley Tellis, arrested for allegedly retaining classified information, has been released on a $1.5 million bond and placed under home detention due to his cardiac issues. The FBI found no evidence of wrongdoing in his acceptance of small gifts from foreign officials. His next hearing is on November 4, with a possible 10-year sentence.
U.S. crude futures eased but remained on track for a weekly gain as fresh sanctions on Russia's top oil companies over the Ukraine war sparked supply concerns. Chinese state oil majors suspended Russian oil purchases, while India plans to cut imports. OPEC is ready to offset any shortage, and Trump and Xi's upcoming meeting adds to trade tension concerns.
Ayushmann Khurrana and Rashmika Mandanna's horror-comedy, Thamma, produced by Maddock Films, has become the studio's biggest opener since Stree 2, earning Rs 55 crore in just three days. The film's mix of humour and horror has led to a strong opening day of Rs 24 crore. Reviews have been mixed, with some praising the film's unique concept and others criticising its weak storytelling
The White House East Wing, known for its historical significance, has been torn down to make room for a new ballroom, costing $300 million. President Trump and his associates are funding the project, causing criticism from preservationists. Despite concerns, the White House defends the decision, citing the tradition of adding to the Executive Mansion.
The EU has imposed sanctions on 45 companies, including three Indian firms, for their alleged involvement with Russia's military. These measures are part of the EU's efforts to pressure Moscow for its invasion of Ukraine. The sanctions will result in tighter export restrictions for goods with dual civilian and military use. This is the 19th round of sanctions.
Major announcements in defence, pharma, and manufacturing sectors are expected to drive market action on October 24. The Sensex and Nifty closed on a muted note, while several key companies such as Cipla, Caplin Point, Laurus Labs, Premier Energies, Kaynes Technology, Welspun Enterprises, and Hero MotoCorp are likely to be in focus.
President Trump plans to address China's alleged role in fentanyl smuggling through Venezuela during his meeting with President Xi Jinping. He also intends to impose tariffs and target drug cartels in Venezuela to combat the US drug crisis. Trump is hopeful that these actions, along with the meeting, will reduce the number of overdose deaths in the country.
The Bihar Assembly election, held in two phases on November 6 and 11, has all 243 constituencies up for grabs. Political excitement is high as the NDA and INDIA blocs compete for votes. Nitish Kumar's NDA relies on its strong alliance and dual-engine government, while Tejashwi Yadav's INDIA bloc prioritizes social justice.
Team India bounces back with a commanding 53-run (DLS method) win over New Zealand, securing a spot in the semi-finals of the Women's World Cup. Renuka Singh reaches 100 wicket milestone across formats, while Pratika Rawal and Smriti Mandhana's centuries lead India to their highest ever total of 340/3. New Zealand's chase falls short despite valiant efforts from Brooke Halliday and Isabella Gaze.
Sandeep Yadav, head of fixed income at DSP Mutual Fund, predicts that the Reserve Bank of India's accommodative stance, potential trade deal with the US, and reduced fiscal concerns will lead to a decrease in government bond yields. He advises investors to consider gilt funds to benefit from this trend.
The recent GST rate cut has led to an increase in auto sales, which in turn is expected to boost motor and health insurance premiums. The Managing Director of Cholamandalam MS General Insurance predicts a rise in premiums due to higher vehicle sales. However, the industry still faces challenges, such as the high number of uninsured vehicles.
Eli Lilly and Cipla have partnered to bring tirzepatide, a weight-loss drug, to India under the brand name Yurpeak. The drug will be available in a convenient once-weekly pre-filled injector pen with various dose options. This collaboration aims to improve access to the drug and combat the rising rates of type 2 diabetes and obesity in India.
Indian refiners, led by Reliance Industries, will decrease imports of Russian oil due to US sanctions on state-run oil giants Rosneft and Lukoil. RIL, the biggest buyer of Russian crude in India, will have to stop importing under its long-term deal. Other private sector buyers, like Nayara Energy, will also have to adjust their purchases.