Indian politician Jairam Ramesh is worried about the HIRE Act in the US, which suggests a 25% tax on outsourcing payments. This could harm India's IT and services industries, causing job cuts and impacting the economy. The Act also sets up a fund to help retrain workers.
JSW Steel and other Indian steelmakers are struggling due to import restrictions on metallurgical coke. They are now sourcing coking coal mainly from Australia, the U.S., and Mozambique. Indian mills are meeting only half of their coke needs domestically, highlighting shortages and calls for eased restrictions. The government has imposed quotas and capped overseas purchases
Russian oil shipments to India have reportedly seen a major decline following new US sanctions on Moscow’s two major oil firms, Rosneft and Lukoil, according to provisional tanker data cited by The Indian Express.
Paresh Rawal-starrer The Taj Story, based on the disputed theory that Taj Mahal was originally a Shiva temple, has seen a decent crowd at the theatres despite controversy and lawsuits. Directed by Tushar Amrish Goel, the film earned Rs 7 crore in four days, with a slow start but a massive jump during the weekends.
Zoho Mail, a product of Zoho Corporation, is close to reaching $100 million in annual revenue with 70% coming from international sources. The email service received high scores on its anti-spam system and is recognized globally as a product with Indian roots. The Indian government has also promoted Zoho as a symbol of the country's digital sovereignty.
BJP leader RK Singh has accused a power scam worth Rs 62,000 crores in Bihar, involving an overpriced thermal power plant. He demands a CBI probe and criminal cases against those involved, while opposition parties are calling for discussions. The scandal has emerged right before the first phase of voting on November 6.
Three travel agents in Thane have been accused of cheating a man of Rs 20 lakh by failing to arrange a promised Hajj pilgrimage for his family. The victim, a resident of Mumbra, lodged a police complaint after the fraud occurred between 2018 and 2019. The accused have been booked under various IPC sections for cheating, criminal breach of trust, and common intention.
Suzlon Energy, a leading solar energy company, reported a 539% increase in net profit in the second quarter of FY26, reaching Rs 1,279 crore. Its revenue also saw a significant growth of 84.6%, reaching Rs 3,865 crore. The company's EBITDA also grew by 145%, standing at Rs 721 crore. Suzlon's Vice Chairman, Girish Tanti, highlighted the company's focus on sustainable growth and record 6
After 43 years of wrongful imprisonment for a murder he did not commit, 64-year-old Subramanyam Vedam faced deportation due to a drug conviction upon his release. However, his lawyers have obtained a stay in both immigration and district court, arguing that his decades of wrongful imprisonment should take precedence over the drug case.
CDSL's stock has decreased by 3% due to disappointing Q2 results, with a decrease in net profit despite revenue growth. Major brokerages are wary of the stock, with Motilal Oswal maintaining a 'Neutral' rating and JM Financial downgrading it to 'Reduce' due to high valuation and lower trading activity.
Union Minister Giriraj Singh responded to Congress MP Mallikarjun Kharge's comment about PM Modi's campaign in Bihar, saying that if "Congress Yuvaraj's marriage" ever happens, they will attend. Singh's response came after Kharge criticised PM Modi for constantly campaigning, comparing it to a son's wedding.
With New York City heading into a decisive mayoral election, prediction markets are placing their bets on Democratic candidate Zohran Mamdani. On Polymarket, Mamdani has a 91% chance of victory, while Kalshi gives him a 90% chance, a strong lead over Republican Curtis Sliwa and former Governor Andrew Cuomo, who is running as an Independent, and are currently sitting on 8% and 1% respectively.
Walmart's CEO Doug McMillon shares plans for the company's future, emphasizing the use of artificial intelligence. He assures that while all jobs will eventually change, AI will also create new opportunities as long as employees are trained. The company has already implemented AI tools and will continue to evolve with changing technology. Walmart remains committed to its workforce for now.
An internal whistleblowing memo has accused the BBC of manipulating a speech by US President Donald Trump. According to The Telegraph, a 19-page internal dossier submitted by a former member of the BBC’s standards committee, Michael Prescott, claims that a Panorama episode broadcast a week before the US election “was completely misleading.
Typhoon Kalmaegi, also known as Tino, hit the central Philippines with strong winds and heavy rains, causing one fatality and displacing thousands. It is expected to move towards the Visayas islands and the South China Sea, posing a high risk of storm surges. The country is still recovering from past calamities.
Indian equity indices open on a muted note, with Nifty and Sensex opening flat and Bank Nifty lower. Small and midcap stocks also open subdued. Technical analysis shows potential for a pullback with key support zones at 25,700 and 25,650. Early gainers include Bharti Airtel and Shriram Finance, while Tata Consumer Products and Power Grid Corp are among the laggards.
Titan Company's Q2FY26 results saw significant growth in net profit and revenue, driven by strong performance in the jewellery division. Margins improved and demand recovered steadily. Ajoy Chawla will become the new Managing Director in 2026. The company's stock has also performed well, gaining 9% and 12% in the past month and year, respectively.
North Korea's longtime ceremonial head of state, Kim Yong Nam, known for his propaganda-filled speeches and support of the ruling Kim dynasty, has passed away at 97. He held top positions in the Workers' Party but true power stayed with the Kim family. His death marks the end of an era, as he was one of the last remaining figures from the country's founding in 1948.
The National Stock Exchange has announced a pre-open session for Futures & Options category starting December 8 from 9 AM to 9:15 AM. This session is applicable for single stocks and index futures in the equity derivatives market. Vipin Kumar, Assistant Vice President, welcomes the move for better price discovery and more details will be added as the story develops.
A lockdown was initiated at the University of Virginia due to reports of an armed attacker near Shannon Library. However, authorities later deemed the reports to be false and the university has resumed normal operations. The investigation is ongoing.
A worker died in a medieval tower collapse in Rome during renovation work. Italy's Premier Giorgia Meloni expressed condolences, and firefighters worked tirelessly to rescue the trapped worker. The tower, built in the 13th century, was undergoing restoration and had been closed since 2007. Structural surveys had been carried out before the work began, but the cause of the collapse is unknown.
Donald Trump and former 'First-Buddy' Elon Musk have endorsed Independent mayoral candidate Andrew Cuomo for the upcoming New York City election, urging voters to not support Republican candidate Curtis Sliwa. Trump has declared that if Cuomo's opponent, Indian-origin Zohran Mamdani, wins, he will not provide federal funds to the city. Musk also saw a vote for Sliwa as a vote for "Mumdumi."
Groww, a leading discount broker in India, is set to launch its IPO for Rs 6,632.30 crore on November 04. The IPO price band is Rs 95-100 per share and the company aims to use the funds for growth and diversification. The grey market is offering a premium of 15.5% for Groww's shares. The IPO is rated "Subscribe -" and is expected to be listed on November 12.
US President Donald Trump’s approval rating has hit a new low with only 37% of Americans saying they approve of his performance, one of his lowest ratings ever recorded. A new CNN/SSRS poll released on Monday shows a sharp dip from February this year, when 47% of Americans approved of his work in office, soon after he began his second term in January.
Samsung Electronics has been ordered to pay $191.4 million in damages to Pictiva Displays for infringing on two U.S. patents related to OLED technology. Pictiva's managing director Angela Quinlan believes the verdict validates their intellectual property. Samsung plans to appeal and has filed a petition to invalidate the patents.
Earnings surprises, acquisitions, and fundraising announcements have put several companies in the spotlight. Indian markets closed flat after a volatile session, with Titan Company reporting a 43% jump in profit and Power Grid Corporation seeing a fall in profit and margins.
The Trump administration will partially fund SNAP for November after court rulings required the program to continue. The USDA had planned to freeze payments due to the government shutdown, but the program serves millions of Americans and costs billions per month. Additional funding has also been provided by the administration.
AWL Agri Business, formerly Adani Wilmar, reported a 21.3% decline in Q2FY26 profit, while revenue surged 22%. MD & CEO Angshu Mallick expects a stronger second half, targeting 5-6% volume growth in edible oils and 20-21% in food products. Shrikant Kanhere, the new MD & CEO, plans to expand distribution and direct retail reach, leveraging technology and alternate channels like e-commerce.
Apollo Hospitals is expanding its ayurveda healthcare arm, Apollo AyurVAID Hospitals, by adding four new facilities and increasing bed capacity to 350 in the next few months. This is in response to the rising demand for ayurveda-based care in India. The chain will expand to major cities like Mumbai and Kolkata, followed by smaller markets like Coimbatore and Ahmedabad.
The ED has attached properties worth Rs 7,545 crore, including land in Dhirubhai Ambani Knowledge City, Delhi, and Mumbai, as part of a money-laundering probe against Reliance Group. Evidence of fraudulent diversion of public funds, including loans of Rs 40,000 crore from Indian banks, has also been found. Anil Ambani is under investigation.
Investment platform Groww has received bids worth Rs 50,000 crore from anchor investors for its upcoming IPO launch on Tuesday. The anchor book is expected to be at Rs 2,950-3,000 crore, with 40 investors participating, including SBI Mutual Fund, Sequoia Capital, and Coatue Management. The IPO is expected to have a strong performance and is one of the largest offerings of 2021, closing on Friday.
President Trump faced backlash for throwing a lavish Great Gatsby-themed party on Halloween while millions of low-income Americans faced the threat of losing their food stamp benefits. Many compared the party to the extravagant events in Hunger Games, criticizing its tone-deafness.
The Prime Minister's Office discussed the impact of the US's additional 50% duties on exports with various sector representatives. Measures to aid exporters and a potential trade deal with the US were also discussed, which could lower tariffs to 15-20%. The government is also developing an Export Promotion Mission and credit guarantee schemes for small and medium exporters.
PM Modi launched the Rs 1 lakh crore RDI scheme to boost India's science and technology. The Anusandhan National Research Foundation and RDI Scheme will fund high-risk projects. India is focusing on improving research and development, patents, and startups.
The Indian two-wheeler industry experienced a 2% rise in domestic sales in October, following the GST rate cut. Honda and TVS saw an 8% growth, while Bajaj Auto and Royal Enfield also showed improvement. However, Hero MotoCorp and Suzuki Motorcycle faced a decline, highlighting the competitive market. Despite this, the industry remains hopeful for continued growth in the future.
The Income Tax Department has dropped a Rs 8,500-crore transfer pricing case against Vodafone India Services, dating back to 2008. The case involved the sale of Vodafone's call centre business to Hutchison Whampoa Properties. The Bombay High Court ruled in favor of Vodafone, stating that transfer pricing laws do not apply to domestic transactions. The Supreme Court has upheld this decision.
The Women in Blue's World Cup victory is predicted to increase endorsement fees for top players by 50%, including Harmanpreet Kaur and Smriti Mandhana. Young talents like Jemimah Rodrigues, Shafali Verma, Deepti Sharma, and Richa Ghosh are also expected to see a rise in brand interest. The win has brought attention to women's cricket and is expected to lead to new sponsorship deals.
Summer placements at IIMs are showing signs of recovery after a slowdown in hiring activity in the past two years. The number of recruiters has increased, with consulting and finance firms leading the way. Stipends have remained steady at record levels, and the trend is expected to continue due to improving business sentiment and rising corporate hiring budgets.
Rabi crops such as wheat, pulses, oilseeds, and coarse cereals have been sown at a fast pace, covering 12% of the normal sown area. The above-normal monsoon and developing La Nina conditions have improved soil moisture and water reservoirs, leading to a 15% increase in the sown area of winter crops. Urea imports have doubled to ensure adequate supply for the upcoming rabi season.
Oyo has decided to withdraw its current bonus resolution plan after receiving feedback from shareholders. Instead, a new, simplified structure will be introduced to include all shareholders, regardless of their holding size. The revised plan will not require any application process and reflects the company's commitment to fair and transparent governance.
Delhi's air pollution has reached 'very poor' levels and is expected to last for 5-6 days, affecting other North Indian cities. However, Beijing successfully reduced pollution levels by one-third a decade ago through measures like clean energy use and promoting non-motorised transport. They also set up air quality monitoring stations, resulting in a significant drop in PM2.5.
India and the EU have resumed negotiations on their Free Trade Agreement, aiming to resolve remaining differences and finalize the deal by the end of the year. Commerce and industry minister Piyush Goyal visited Brussels for discussions, with both sides finalizing 10 chapters and making progress on others.
Peak XV, an early investor in fintech company Pine Labs, is poised to earn a 40x return on its investment through the company's IPO. Other backers like Madison India Capital, Sofina Ventures, Actis, PayPal, and Macritchie Investments are also expected to profit.
The government is optimistic about offsetting the projected tax revenue shortfall and increased subsidy spending in 2025-26 through scheme savings and strong non-tax revenues. Despite a potential GTR shortfall of Rs 1-1.3 lakh crore, the fiscal deficit is expected to decrease to 4.4% of GDP due to higher consumption from tax cuts.
The government aims to sell a record 10 million tonnes of rice in the current fiscal year, with an additional 1.75 million tonnes allocated for ethanol production. Despite record sales, the central pool stock of rice remains at over 44 million tonnes, causing concerns for rising carrying costs and food subsidy expenses.
Bharti Airtel's net profit rose by 14.2% in the July-September quarter, driven by lower finance costs and growth in premium users. Revenues increased by 5.4%, led by strong performance in India and Africa. The company's focus on premiumisation and digital services led to a rise in ARPU and postpaid subscribers.
In October, Russia was still India's biggest crude oil supplier, but annual imports decreased by 8%. Iraq and Saudi Arabia were also top suppliers. However, there was a significant increase in imports from the US, reaching a high not seen since March 2021. But with new US sanctions on Russia, India's import strategy is expected to shift to other countries.
Tata Consumer Products saw a strong performance in the second quarter of FY26, with an 11% increase in net profit and significant revenue growth. The demand for salt and tea, as well as the success of domestic and international branded businesses, contributed to this success.
Jewellery and watch maker Titan reported a 59.1% rise in consolidated net profit for Q2FY26, beating street estimates. Revenue also exceeded expectations, with strong demand during Navratri contributing to a 21% growth in the jewellery portfolio. The company's focus on growth and the appointment of a new MD for 2026 signals optimism for the upcoming festive and wedding seasons.
The Enforcement Directorate has attached properties worth Rs 3,084 crore, including the Ambani Family residence and Reliance Centre, in a money laundering probe against the Reliance Anil Ambani Group. The agency discovered that over Rs 10,000 crore of public funds were illegally transferred to group companies through a complex network involving Yes Bank and Reliance Nippon Mutual.