Muthoot Microfin, a top microfinance company, reported a 50% drop in net profit in Q2 due to careful lending and reduced interest income. CEO is optimistic about the future, stating that the sector's difficulties have reached their peak and the company is rebounding. With a focus on growth and asset quality, they aim to disburse Rs 6,000 crore in the second half of the fiscal year.
DGCA has suggested new regulations to improve passenger experience, such as a 48-hour free cancellation and amendment window. This may put strain on airlines, but it will build consumer confidence and align India with international standards. Airlines will now be responsible for refunds, even for tickets booked through agents.
The finance ministry has approved Rs 7,000 crore for FCI, with the total food subsidy budget reaching Rs 2.1 lakh crore. Next year's food subsidy is expected to be around Rs 2.17 lakh crore. The increase in allocation will help FCI service loans and bridge the shortfall. Despite fiscal constraints, FM assures meeting fiscal deficit target.
Over 400 flights at Indira Gandhi International Airport were disrupted due to a malfunction in the automatic message switching system, leading to manual processing of flight plans and causing delays for arrivals and departures. The Airports Authority of India confirmed the technical fault and advised passengers to check flight updates.
Britannia Industries anticipates a boost in sales in the second half of FY26 thanks to GST rate changes. They have lowered prices and increased pack sizes for smaller units, and are entering the RTD protein drink market. The company is also implementing aggressive growth tactics, including investing in branding and targeting regional markets.
State Street Investment Management, a top index fund manager with $5 trillion in assets, will enter India's market through a joint venture in GIFT city. This is likely to bring in more global talent and boost the country's passive funds industry. Other major players, including Blackrock and Jefferies Financial Group Inc., are also eyeing India's asset management sector.
Balanced advantage and equity savings funds are ideal for conservative investors due to their dynamic asset allocation and smoother participation. The MD & CEO of DSP Mutual Fund advises starting with large-cap funds and adding flexi-cap funds during corrections. Hybrid strategies are recommended for lump sum investments, while gold and silver can serve as effective portfolio diversifiers.
The expert recommends using a NRE account for paying home loan EMIs, prepaying credit card loans with life insurance money, and opting for a small business loan with a project report. They also suggest choosing a floating rate car loan in the current interest rate scenario. Additionally, using fixed deposits as collateral for a loan is a viable option.
Bajaj Auto's Q2 results surpassed expectations, with a 24% rise in net profit and 14% increase in revenue. Export and premium products were major contributors, and Ebitda crossed Rs 3,000 crore for the first time. Domestic demand was low, but improved sentiment during festivals boosted sales in 100cc to 150cc segments. Supply chain and regulatory challenges still need to be addressed.
The Ministry of Corporate Affairs plans to revive the Digital Competition Bill and conduct a market study on its proposed thresholds for identifying Systemically Significant Digital Enterprises. The study will also evaluate the list of core digital services and consider the impact of AI on the market.
The Chief Economic Advisor is optimistic about the government's recent fiscal measures, predicting a growth of over 6.8% this year. The GST rate cuts and income tax relief are expected to boost consumption and investment, while the IIP data for September showed a strong supply response to festive demand. The GST has undergone a major restructuring.
Tiger Global Management, a US-based investment firm, has sold its 5.09% stake in Ather Energy for over ₹1,204 crore. The sale was carried out by its affiliate, Internet Fund III, through open market transactions. As of September 2025, Internet Fund III held 19.3 million shares of Ather Energy, representing 5% of the company's paid-up capital.
India's gems and jewellery exporters are facing challenges due to the 50% additional tariff in the US, leading them to explore new avenues such as exporting diamond-studded jewellery and diversifying into other markets like the UAE. Despite a decline in traditional exports to the US, there is a growing demand for diamond-studded jewellery in the country.
State governments' capital expenditure is expected to increase by 10% in the first half of the current financial year, thanks to the Centre's efforts to boost economic activity. 18 states have seen a 15% rise in borrowing and other liabilities, as well as a 9% increase in tax revenues. The Centre has allocated Rs 1.5 lakh crore for interest extension.
This weekend, get ready for a thrilling binge-watch session with a variety of releases on OTT platforms. From the highly acclaimed Maharani Season 4, starring Huma Qureshi, to the much-awaited sequel of Maxton Hall, there's something for everyone. Don't miss out on the chilling supernatural thriller Baramulla and the heartwarming family dramedy Thode Door Thode Paas, among others.
The automobile retail sales had its best festive season performance in 42 days, with a 21% increase in overall sales. This was due to improved affordability, rural sentiment, and urban consumption. Passenger vehicle registrations and two-wheeler sales also saw significant growth.
BJP MP Rakesh Sinha dismissed allegations of dual-voting in Delhi and Bihar, saying he followed legal procedures to enroll himself as a voter in both places. He accused the opposition of spreading misinformation and lacking understanding of election laws. Sinha also highlighted the importance of an individual's connection to their land and roots.
Greaves Electric Mobility (GEM) has surpassed Ola Electric in electric two-wheeler sales, causing Ola to drop out of the top five for the first time. GEM's Nexus scooter was the driving force behind their recent sales surge, while Ola Electric struggles with customer complaints about after-sales service. TVS Motor is now the top seller, with Ather Energy and Hero MotoCorp following closely behind.
The ED has arrested Amar Nath Dutta, the third person in a money laundering investigation involving Reliance Power. The case involves a fraudulent bank guarantee issued to SECI on behalf of Reliance NU BESS Limited. Dutta, a resident of Kolkata, is accused of providing fake bank guarantees. Anil Ambani has been summoned for questioning, but Reliance Power has clarified that he is not involved.
India's target of achieving 500 GW of renewable energy by 2030 has led to a strain on grid operations and increased power supply costs. Despite reaching 50% of its installed electricity capacity from renewable sources, transmission plans are based on potential rather than actual capacity, causing high charges and uncertain grid absorption.
Passenger Sampa Kabwela faced a nightmare while trying to board her flight to Dubai from Heathrow Airport. Despite not needing a UAE visa for a layover, she was barred from flying and later charged £457 (approx Rs 53k) for a "no show". She accused the airline of power abuse and said that she would never fly Qatar Airways again.
State-owned PFC reported a 9% increase in consolidated net profit for Q2FY26, with total income rising to Rs 28,901.22 crore. The company declared an interim dividend of Rs 3.65 per share, bringing the total for FY2025-26 to Rs 7.35 per share. Key highlights include a 17% increase in consolidated PAT and a 10% growth in the consolidated loan asset book.
Zohran Mamdani made history by becoming the first Indian-American mayor of New York City, with his victory at the mayoral elections on November 4. His walk-off to the Bollywood song "Dhoom Machale" after his winning speech added to his brand identity as an "icon for Gen Z." However, his anti-Modi stance and controversial comments have caused a rift, with Yash Raj Films not capitalising on it.
Rashmika Mandanna impresses with her outstanding performance in The Girlfriend, a touching love story directed by Rahul Ravindran. The film has received praise for its emotional depth and soulful music. Rashmika shines as Bhooma, a student who falls for the possessive Vicky, played by Dheekshith Shetty. The film's powerful performances and thought-provoking plot have captivated audiences.
Motilal Oswal initiates coverage on Waaree Energies with a Buy rating and a target price of Rs 4,000 per share, expecting a 19% upside. The company's growth drivers include emerging verticals like battery energy storage systems, EPC, and green hydrogen. The government's supportive policies and the company's plans to expand its capacity also contribute to its positive outlook.
Zarine Khan, wife of actor Sanjay Khan, died at 81 due to age-related illnesses. She leaves behind her husband and four children. Zarine was a model and actress before becoming an interior designer. Her daughter, Farah Ali Khan, honored her for her loving and giving personality. Celebrities have gathered to pay their respects.
Hindalco Industries, a leading aluminium and copper producer in India, reported a 21.28% rise in consolidated net profit to Rs 4,741 crore in Q2FY26. The company's revenue also increased by 13.5% to Rs 66,058 crore, driven by strong performance in the India business and resilient performance by Novelis. The company also announced the second phase of its Aditya Aluminium expansion project.
The ED has arrested Amar Nath Dutta for aiding in the issuance of a fake bank guarantee worth Rs 68 crore in connection with a money laundering probe against Reliance Power. The case involves a bank guarantee submitted by Reliance NU BESS Ltd. to SECI, resulting in a loss of over Rs 100 crore.
The 2025 Bihar assembly election was marred by controversy when a JDU leader's daughter was caught on camera switching fingers while showing her inked finger. The video went viral on social media, raising questions about possible double voting. The Election Commission has not yet addressed the issue. Phase 1 of voting took place on Nov 6, with phase 2 scheduled for Nov 11.
Mumbai, the bustling city of dreams, has been named the happiest city in Asia by Time Out. The survey, based on insights from 18,000 locals, praised Mumbai's vibrant lifestyle, sense of community, and entertainment options. The city's street food culture and optimistic attitude towards achieving goals were also noted. However, the report has faced criticism from the internet.
British national Fitz Patrick escaped deportation at Delhi's IGI Airport on October 28, leading to coordinated search efforts across Delhi. He managed to leave the airport after completing mandatory processing and missed his connecting flight to London. Multiple teams are working to locate him, while a technical issue in the ATC system caused delays for over 100 flights at the airport.
Soumith Chintala, an Indian AI pioneer, is leaving his role as co-creator of PyTorch at Meta after over a decade. He is grateful for the friendships and impact he has made, and plans to pursue something small and curious.
Startup CEO questions the purpose of IPO billboards along highways and in crowded markets, tagging them as "roadside absurdity" and urged traffic police to take action. He suggested using QR codes for statutory disclosures and points out the safety concern of reading billboards while driving.
KPI Green Energy reports strong Q2 results with a 67% YoY rise in net profit to Rs 116.6 crore and a 77.4% YoY increase in revenue to Rs 641.1 crore. The company also announces a second interim dividend of 5%, translating to Re 0.25 per equity share. Share price rises to Rs 527.35 in Friday's trade, with a market cap of Rs 10,090 crore.
Hindu American Foundation condemns Republican politician for "anti-Hindu" comments about Hanuman statue in Texas. Criticizes Republican Party of Texas Chairman for not denouncing offensive remarks about Hindu faith. Indian-American community disappointed with party's failure to acknowledge wrongdoing. Debate ensues as HAF warns against supporting such candidates.
India's automobile retail industry achieved record-breaking sales in October, with a 40.5% year-on-year increase, driven by GST reform, festive and rural demand. The 42-day festive period saw a 21% YoY growth, making it the strongest in India's automotive history. The momentum is expected to continue, fueled by GST 2.0 and positive dealer outlook.
PM Modi commemorates 150 years of 'Vande Mataram' and its role in India's freedom struggle. He highlights its relevance in every era and urges the current generation to understand its significance in nation-building. He also mentions the removal of stanzas in 1937, which, he said, sowed the seeds of partition. PM Modi also reiterates the dream of a developed and self-reliant India.
Tech stocks, including Nifty IT, saw a sharp decline with all 10 constituents trading in the red. The US AI bubble losing steam, strengthening of the US dollar, and FII selling are seen as key reasons for the market trend. Despite DII buying, the market continues to drift down due to sustained FII selling and shorting strategies.
A German nurse has been sentenced to life in prison for murdering 10 patients and attempting to kill 27 others. He injected elderly patients with sedatives and painkillers to reduce his workload during overnight shifts. The court deemed his actions to be of "particular severity" and he may not be eligible for early release after serving 15 years.
Tenneco Clean Air India, a subsidiary of US-based Tenneco Group, is launching its IPO on November 12 with a price band of Rs 378-397 per share. The company, known for its clean air and powertrain systems, has revised the issue size to Rs 3,600 crore and expects to be listed on November 19. Tenneco operates in India and is set to make a public debut next week.
MCX's share opened in red, but gained over 1% in afternoon trade after reporting a 29% rise in Q2 profit and 31% increase in revenue. The company faced a technical glitch but has taken steps to prevent recurrence. MCX operates only in the commodity exchange segment and has total assets of Rs 2,643.3 crore.
PM Narendra Modi celebrated the 150th anniversary of Vande Mataram by releasing a stamp and coin and leading a nationwide recitation. He described it as a prayer to Mother India and a symbol of national pride and unity. The song, written in 1875, played a crucial role in India's freedom movement and was officially adopted as the national song in 1950.
The Supreme Court has issued notices to the Centre and DGCA on a plea for an independent probe into the Air India plane crash. The pilot's father was assured that his son is not at fault and foreign media was criticized for reporting otherwise. The preliminary report does not suggest any fault on the pilot's part, the SC said.
Chinese astronauts Chen Dong, Chen Zhongrui, and Wang Jie were stranded in space after their return journey was delayed due to suspected space debris impact. This incident draws parallels to NASA astronaut Sunita Williams' extended stay in space, which ended with Elon Musk's SpaceX coming to the rescue. Netizens are now calling on Musk and SpaceX to potentially assist again.
Gen Z is challenging societal norms by taking a break from technology and embracing the 'Gen-Z timeout' trend. This has sparked a debate on its effectiveness and whether it's a form of meditation. Some criticize the generation for being lazy, while others understand their constant need for stimulation. This trend highlights the struggle of Gen Z with technology addiction
UpGrad is set to acquire Unacademy for a deal worth $300-400 million, according to Moneycontrol. The deal will see Unacademy's language-learning app, AirLearn, spun off into a separate entity while UpGrad will acquire the core test-prep business. Unacademy is currently an attractive buy with Rs 1,200 crore in cash reserves and reduced cash burn.
Delhi Traffic Police issues advisory for Vande Mataram celebration, warns of major congestion and diversions in central Delhi. 11,000 invitees expected in 1,000 cars and 300 buses. Multiple key routes likely to be affected, entry to Indira Gandhi Stadium through specific gates. Parking prohibited on major adjoining roads, violators to face legal action.
Indian student Ajit Singh Chaudhary, studying in Russia, went missing and his body was found near a dam after 19 days. The Indian Embassy and former Union Minister Jitendra Singh Alwar have requested for urgent assistance from EAM S Jaishankar. The All India Medical Students' Association has also requested for help in bringing Ajit's body back to India.
The Supreme Court has ordered state authorities to move stray dogs from educational centres and hospitals to designated shelters. They must also prevent stray dogs from entering government and private institutions. The dogs should not be released in the same location and highways must be cleared of stray animals. NHAI must also remove cattle from highways and expressways.
Mammootty's Bramayugam, a horror film set in 17th-century Malabar, will represent India at the Academy Museum's film series in Los Angeles on February 12, 2026. Directed by Rahul Sadasivan, the film earned critical acclaim and grossed over Rs 85 crore globally. It can also be streamed on OTT platforms. The Academy Museum, the first of its kind in the US, will showcase the film.