Corporate updates, major deals, tax developments, and project wins will guide market sentiment today. Adani Enterprises sells 13% stake in AWL Agri Business to Wilmar's subsidiary for Rs 4,650 crore. NBCC India bags Rs 2,966 crore PMC assignment for Naveen Nagpur development. CG Power receives tax assessment order of Rs 365 crore.
The U.S. is pressuring Ukraine to accept a U.S.-drafted plan to end the war with Russia, which includes giving up territory and reducing armed forces. President Zelenskiy is meeting with U.S. officials and Turkish President Erdogan, calling for effective U.S. leadership to end the conflict. Russia has not shown willingness to change its demands.
Nvidia's quarterly revenue forecast surpasses expectations, driven by high demand for AI chips from major cloud providers. CEO Jensen Huang remains confident in industry growth despite concerns about an AI bubble. However, analysts express skepticism due to potential obstacles and concentration of customers. Nvidia predicts continued strong demand, with $500 billion in bookings.
Ananth Narayan, former WTM at SEBI, played a key role in investigating Jane Street and improving market regulation. SEBI's priorities include resolving paper supply-demand imbalance, attracting FPI investments, and ensuring investor confidence.
Sarvam.ai, co-founded by Vivek Raghavan, is launching India's first large language model with 120 billion parameters trained on 17 trillion tokens. This will include 15-20% Indian data, a significant increase from current open-source models.
Non-bank lenders are predicted to experience a significant increase in mortgage finance assets in the next two years, despite competition from banks and a potential slowdown in real estate sales. This growth is attributed to their emphasis on affordable housing and self-construction loans.
In 2025, the US is facing a food crisis as food insecurity and rising prices make it difficult for many Americans to afford basic food essentials. President Trump praised McDonald's for reducing prices, but official inflation data shows a different picture. Trump blames the Biden administration for high inflation rates and highlights recent tariff cuts to reduce costs.
Adani Enterprises has sold a 13% stake in AWL Agri Business to Wilmar International for an undisclosed amount. The deal also terminated their existing shareholders' pact. This is part of Adani's plan to divest from consumer goods and focus on infrastructure. AWL shares closed at ₹275.60, valuing the deal at ₹4,646 crore. Adani Commodities now holds 7% of AWL, while Lence's stake has risen to 56.
The Supreme Court has reprimanded the CBI and Sebi for not investigating the suspicious transactions of Sammaan Capital (previously known as Indiabulls Housing Finance). The court has directed the CBI director to hold a meeting with officials of Sebi, SFIO, and ED to address the issue.
Police seized 93,000 bottles of codeine-based cough syrup worth Rs two crore from a warehouse in Varanasi's Rohania area. One person has been detained for questioning and teams are searching for the owner, Mahesh Singh. The shipment was being transported from Ghaziabad to Chandauli. Officials from the Drug Department and ANTF were called to examine the seized stock.
Indian AI leaders at the Bengaluru Tech Summit 2025 emphasized the importance of domestic AI models based on local languages, industrial needs, and affordable cloud infrastructure for inclusive growth and to prevent inequality.
Research, including a study by MIT, highlights the role of human intelligence in AI development. Over-reliance on AI can hinder creativity and lower brain activity. Successful businesses investing in AI prioritize skills, cross-functionality, and experimentation, viewing AI as a collaborative teammate.
India's DPDP Rules, 2025 require data ethics, transparency, and accountability in the digital ecosystem. Startups should prioritize privacy and integrity to build trust and scale responsibly. The phased rollout allows for adaptation and innovation, offering opportunities for startups to use privacy as a competitive advantage.
India's inflation is decreasing due to lower prices of vegetables and food, but essential items remain expensive. This is caused by favorable supply conditions and statistical effects, not a decrease in demand. While this helps economic growth, it may not increase consumption without higher income growth. Despite the significant drop in official figures, inflation expectations remain high.
Anand Mahindra, a prominent businessman, praised N Chandrababu Naidu for his vision and leadership, calling him an "unstoppable force of nature". Naidu outlined his ambitious $1 trillion vision for Andhra Pradesh, including attracting $500 billion in investments and creating 5 million jobs. Mahindra has a history of acknowledging Naidu's contributions.
China allegedly launched a disinformation campaign to hinder the sales of French fighter jets, following the Pahalgam terror attack. The campaign used fake social media accounts to promote the Chinese J-35 over the French Rafale. The report also stated that China tried to influence Indonesia to cancel its purchase of Rafale jets.
The CAG is setting up a Centre of Excellence in Hyderabad to improve financial audit skills and promote innovation. This aligns with their dedication to transparency and global standards. They have also launched a research awards scheme to encourage advanced studies in public finance. The conference emphasized the use of data and AI in auditing, including the CAG-LLM and other AI-based tools.
The Ministry of Heavy Industries has issued notices to Ola Electric, Reliance New Energy, and Rajesh Exports for not meeting the deadlines to set up their ACC production plants. The companies have been directed to pay penalties until September 30, despite citing delays due to export restrictions and shipping delays.
Benchmark indices rebounded on Wednesday, led by a 513.45-point surge in the Sensex and a 142.60-point jump in the Nifty. This was driven by bullish predictions from Morgan Stanley, with a 13% rise expected for the Sensex and a possible 27% increase in a bull market. The IT and banking sectors saw strong buying, and the market is now focused on the FOMC minutes on Thursday.
The MoSPI will update the base year for the CPI series every 3-5 years, using data from the HCES 2023-24, and release it on Feb 12, 2026. This will help capture economic changes faster and adhere to global standards.
Banks are worried about RBI's strict acquisition financing guidelines that could hinder their involvement in M&A deals. They have asked for more flexibility in funding minority acquisitions and raising the exposure cap to 25-40% of Tier 1 capital. Clarification is also sought on eligibility criteria and equity contribution.
Sebi plans to ease margin requirements for longer-term derivative contracts to boost trading and reduce concentration in weekly contracts. It has received representations from global market participants and believes that high margins are a barrier to the popularity of longer-term contracts.
A clash between anti-Islam demonstrators and pro-Muslim counter-protesters erupted in Dearborn, Michigan after a man attempted to burn the Quran and was seen slapping it with bacon. Police intervened and one protester was arrested. Dearborn, known for its large Muslim community, has dispelled the myth of "Sharia law" with recent visits by politicians.
SpiceJet reduces liabilities by Rs 442.25 crore by allotting equity shares to Carlyle Aviation Partners. Chairman and Managing Director, Ajay Singh, says this is a crucial step in restructuring and will improve financial position. Settlement with Carlyle also provides liquidity and supports restructuring efforts.
India's diagnostic services market is projected to hit $15-16 billion by FY30, driven by factors such as increasing awareness about preventive healthcare, demographic changes, and wider health insurance coverage.
Union Steel Minister HD Kumaraswamy announced a 9.8 million tonne capacity expansion plan for Rourkela Steel Plant, highlighting its importance for the region's socio-economic development. The plan includes doubling the plant's capacity to 9.8 million tonnes per annum, with a capex of Rs 1,100 crore. The expansion will significantly enhance supplies to critical sec
HG Infra Engineering has secured a Rs 274.11 crore order from DLF Cyber City Developers to develop access roads for DLF Downtown in Gurugram. The project has a completion timeline of 548 days and will be executed on an Item Rate/BOQ basis. The company's Q2FY26 results showed a decrease in net profit and revenue, with EBITDA falling by 6.1% YoY. The share price has also declined by 3% in the
Trai has set a deadline for the BFSI sector to adopt a dedicated '1600' numbering series to prevent financial frauds. This will help customers identify genuine calls from scams. Commercial banks, mutual funds, stockbrokers, and RBI-regulated institutions must migrate by March 15, 2026, to reduce spam and rebuild consumer confidence.
The RBI has added seven new names to its alert list of unauthorised forex trading platforms, bringing the total number to 95. The listed entities, including Starnet FX and CapPlace, are not authorised to deal in forex under FEMA or operate electronic trading platforms. The RBI's MuleHunter also detects 20,000 mule accounts every month.
NBFCs have requested for a dedicated refinance window, reduction of SARFAESI enforcement threshold, TDS exemption, and inclusion under Section 80E for education-loan interest deduction. Banks have asked for an increase in income deduction for NPA provisioning and a lower tax rate on fixed deposits to boost low-cost deposit mobilization.
Several US stores, including Walmart, Target, Amazon, Aldi, H-E-B, and Kroger, are offering low-cost meal deals for Thanksgiving. These deals can feed anywhere from 4 to 10 people for prices ranging from $20 to $40. Options include traditional Thanksgiving dishes like turkey, stuffing, and pumpkin pie, as well as gluten-free and high-protein options.
The Supreme Court has directed the CBI director to hold a meeting with SEBI, SFIO, and ED to investigate dubious transactions by Indiabulls Housing Finance Limited. The court questions the reluctance of CBI and SEBI in taking action and criticizes the Ministry of Corporate Affairs for compounding offences. It also condemns SEBI for its double standards and demands original documents for the case.
Zoho Corp has launched a new version of its business software suite, Zoho One, featuring AI capabilities. The update includes an AI bar and Zia Hubs to manage information overload and streamline processes. The redesigned user experience offers personalized spaces and a unified action panel. Zoho One has experienced rapid growth since its launch in 2017, with over 75,000 businesses using the suite.
The IBBI has instructed RPs to submit a comprehensive report on "Section 29A compliance" to the CoC during the resolution plan evaluation. This ensures the participation of credible applicants and minimizes legal challenges. Experts believe this emphasizes the accountability of RPs and bidders, with strict regulations in place to verify eligibility and ownership.
Actress Kajol has rented her Mumbai property in Goregaon West for a monthly rent of Rs 6.9 lakh, earning a total of Rs 8.6 crore over nine years. The property, located in Bharat Arize, has a carpet area of 1,817 sq ft and one car parking. The lease will run for nine years, starting from November 2025, with a 15% increase in rent every three years.
NHAI has successfully raised Rs 9,270 crore through the first highway monetisation deal of the year by awarding IRB Infrastructure with a 333.4 km highway stretch in Uttar Pradesh. This was achieved through the Toll Operate Transfer (TOT) mode, as part of the 117th round of monetisation. The NHAI aims to raise Rs 40,000 crore for the year, with a focus on ToT and InvIT routes.
HDFC Bank regains top spot in India's most valuable brands list after 3 years, with brand value of $45 billion. TCS, Airtel, and Infosys maintain rankings, while ICICI Bank climbs to 5th spot. BFSI, B2B tech, and telecom top performing sectors, while newcomers Zomato and Taj show significant growth. Overall brand value growth remains muted.
The five remaining celebrity contestants on 'Dancing with the Stars' Season 34 are Olympic champion Jordan Chiles, model Alix Ashley Earle, internet personality Dylan Efron, conservationist Robert Irwin, and actress Elaine Hendrix. The finale, set to be the most demanding in the show's history, will air on November 26 and will take over all of ABC in primetime.
Sebi extends deadline to submit public comments on proposal to overhaul mutual fund regulations, including clearer definition of TER and revised limits on brokerage charges, to November 24. Proposals aim to bring clarity, reduce redundancies, and promote ease of compliance. Additional expense of 5 bps for mutual fund schemes to be removed, along with exclusion of all statutory levies
Solar equipment manufacturer Waaree Energies faced searches by Income Tax officials across India and is also being investigated by the US government for avoiding tariffs on Chinese solar cells. Despite this, the company reported a rise in earnings and commissioned new manufacturing facilities. Its stock declined by 3% following the news, but the company is cooperating with the officials.
Commerce Minister Piyush Goyal to visit Israel to review proposed free trade agreement and strengthen strategic and economic engagement. He will be accompanied by a 60-member business delegation and meet with Israeli leaders and companies to explore opportunities for collaboration in various sectors.
Adani Enterprises has sold its 13% stake in AWL Agri Business to Wilmar's subsidiary Lence for Rs 4,650 crore, making Wilmar the majority stakeholder of Adani Wilmar. This is part of Adani's strategy to exit the FMCG segment and focus on infrastructure. They have also become the preferred bidder for Jaiprakash Associates. AWL Agri Business has reported a decline in profits.
The new viral Christmas decor trend is the Ralph Lauren Christmas, influenced by the brand's luxury holiday collections. It includes classic Americana elements with dark reds, greens, and gold accents. Popularized by social media, the trend emphasizes timeless pieces, cozy textures, and soft lighting.
E2W startups Ola Electric and Ather Energy are prioritizing after-sales services, spare parts, and software upgrades to boost revenue and gross margins. Ola Electric's HyperService provides access to genuine parts, while Ather Energy is tapping into non-vehicle revenue streams.
KEC International, a subsidiary of RPG group, has been banned by Power Grid Corp of India from future tenders for 9 months due to contract violations. However, ongoing projects will not be affected and KEC is looking into legal options. Despite the ban, the company reported a 17% rise in order intake for FY26, with Power Grid contributing only 4%.
Reliance Power has established a Board of Management to enhance governance and oversight, comprising of top management and business leaders. The company's focus is on renewable energy, with a subsidiary receiving contracts for 4 GW of solar power and 6.5 GW of Battery Energy Storage Systems. In addition, it has secured a Letter of Award for 750 MW of renewable energy supply.
The US Congress passed a bill to release files on Jeffrey Epstein's case, with only one vote against it from Congressman Clay Higgins. Higgins, a Republican with a law enforcement background, raised concerns about innocent people being implicated. However, supporters say safeguards are in place to protect sensitive information. The bill is expected to be signed by President Trump.
Han Ji Min and Lee Je Hoon, popular K-drama stars, hosted the 46th annual Blue Dragon Film Awards on November 17, 2025. A-list celebrities like Lim YoonA, GOT7's Jinyoung, Kim So Hyun, and real-life couple Son Ye Jin and Hyun Bin graced the red carpet. Ahn Bo Hyun and Kim Doyeon won Best New Actor and Actress respectively.
Aishwarya Rai Bachchan's speech on caste, religion, and God at a recent event has gained attention as she touched PM Modi's feet and praised him for his leadership. Her words have received mixed responses, with some praising her 'sanskari' behavior while others criticizing her for going overboard.
Delhi's Khan Market has been named India's most expensive retail street, ranking at #24 worldwide according to a report by Cushman & Wakefield. With a rent of $223 per square feet, the market's strategic location and growing affluence have attracted international and domestic brands. However, it has slipped in rank from last year's #23 spot.