The income tax department searched the Mumbai offices of trading firm Jane Street and its partner Nuvama Wealth Management for possible involvement in manipulative activities and diversion of funds. Sebi had previously banned Jane Street for manipulating indices and making illegal profits, but the ban was lifted after the firm deposited Rs 4,843.57 crore in an escrow account.
Delhi government to use cloud seeding as a temporary measure to tackle toxic pollution and improve air quality. AQI at 293 due to Diwali, but effectiveness of cloud seeding uncertain. Stubble burning, vehicle emissions, and construction dust also major contributors to poor air quality.
Term insurance is essential for HNIs as it guarantees financial security and preserves their lifestyle. ROP option refunds all premiums if no claim is made. Tax-free liquidity and flexible payout structures are available. HNIs should consider a cover of 15 times their annual income, but their intricate finances may require a higher sum assured. Term insurance also aids in estate planning.
NPS Tier 2 account offers higher returns than fixed deposits with no lock-in period, making it suitable for short- and medium-term needs. It is a voluntary savings account with low fund management charges and flexible asset allocation options.
Sebi has restricted mutual fund houses from investing in pre-IPO placements in order to protect retail investors from potential losses. This decision benefits FPIs, family offices, and AIFs who are involved in pre-IPO investments. Additionally, Sebi is exploring the possibility of a regulated platform for trading unlisted shares.
Orkla India, famous for MTR and Eastern food brands, is set to raise Rs 1,667 crore through an OFS starting on October 29. The IPO will offer 22.84 million shares at a price range of Rs 695-730 and will close on October 31. The company plans to use the funds for acquisitions, expanding distribution channels, and consolidating manufacturing units.
Piaggio, the Italian 3W leader, has lost its second position in the market due to a drop in sales and market share. This is due to its weak performance in the CNG segment and slow adaptation to the EV shift. Despite entering the EV market early, Piaggio's market share is lower than Mahindra and Bajaj.
Blackstone, a global private equity firm, is set to acquire a 9.99% stake in Federal Bank through a preferential allotment of warrants. The deal, worth Rs 6,196 crore, will see Blackstone subscribing to 273 million warrants at Rs 227 per share. The dilution will be staggered, with Blackstone becoming the bankers for all its Indian investments.
Netherlands-based broadband company GX Group is investing Rs 3,000 crore in its new subsidiary, GX Quantum Photonics, to develop photonic chips and modules for 5G/6G, AI data centres, EV LiDAR, and quantum communication. Production will begin in FY27 and the venture is supported by Invest International and SMART Photonics BV.
RJD leader Tejashwi Yadav claimed that despite 20 years of NDA rule, Bihar remains a poor state with widespread unemployment, corruption, and crime. He accused CM Nitish Kumar of being controlled by BJP leaders and promised to provide affordable medicines, jobs, and a clean government if voted to power.
India questions US exemptions from sanctions on Russian oil companies, while being subjected to additional tariffs. Commerce Minister Piyush Goyal questions why India is being singled out, while Germany and UK have received exemptions for their local subsidiaries.
India's gold share in foreign exchange reserves has doubled to 13.6% due to record-high global prices and geopolitical uncertainty. Conversely, the share of foreign currency assets has dropped to 83.1%, the lowest ever. Despite a dip in August, India's forex reserves have reached $702 billion in October, close to the all-time high of $705 billion in September 2020.
The government aims to increase the female labour force participation rate (F-LFPR) to 35% by 2030, which currently stands at 26.2%. In the draft National Labour & Employment Policy, the government has proposed measures to enhance F-LFPR, such as safer workplaces and equal pay.
Investor interest in sectoral and thematic mutual funds, specifically in defence, PSUs, manufacturing, and energy transition themes, has increased in September 2025 with net inflows of Rs 69,235 crore. Read the full article to know which sectors were in focus.
Finance Minister Nirmala Sitharaman stressed the need to ease the tax burden on honest taxpayers and take strict action against those who evade taxes. She also praised India's successful festive retail sales and encouraged the use of technology for faster registration and grievance redressal.
India's forex reserves increased by $4.496 billion to $702.28 billion, with gold reserves rising. Foreign currency assets decreased by $1.692 billion to $570.411 billion. The value of gold reserves jumped by $6.181 billion to $108.546 billion. The Special Drawing Rights (SDRs) increased by $38 million to $18.722 billion
Dr Reddy's Laboratories, a leading pharmaceutical company, saw a 6.36% increase in YoY profit and an 8.9% growth in revenue in the second quarter of FY2025-26. The company's net profit stood at Rs 1,426 crore, up from Rs 1,341 crore in the previous fiscal year. However, there was a decline in EBITDA and gross margin. While the company's Europe business saw a significant growth, its North
"Stranger Things fans can rejoice as the highly anticipated finale episode of the iconic series will be released in theatres and on Netflix simultaneously. The show, which has gained immense popularity since its debut in 2016, will have its final episode released in three parts, with the last one premiering on New Year's Eve.
Sushant Singh Rajput's family challenges the CBI closure report of his death, claiming crucial evidence was withheld and the report is incomplete. This hinders their ability to file protest petitions and for the magistrate to continue proceedings. Despite the CBI giving a clean chit to all accused, the family remains unsatisfied.
Reliance Industries is sending a team to China to expedite the transfer of battery components before new export restrictions are implemented on October 8. This is crucial for their mega solar power project, as Chinese battery makers dominate the global market and concerns about dependence on Beijing have been raised.
Crompton Greaves Consumer Electricals (CGCEL) has received a tender worth Rs 445.03 crore from NREDCAP to provide solar rooftop systems under PM-Surya Ghar Muft Bijli Yojna. The project, which involves solarizing over 40,000 households in Andhra Pradesh, is expected to be completed in six months. The company will also be responsible for design, engineering, and maintenance for five years.
Bollywood singer-composer Sachin Sanghvi, part of the Sachin-Jigar music composer duo, was arrested for sexually assaulting a woman he promised a chance in a music album and marriage. The woman was approached via Instagram and allegedly assaulted on multiple occasions at his studio. Sanghvi's lawyer denies the allegations and plans to defend them.
Coforge, an IT firm, announced a net profit of Rs 375.8 crore in Q2FY26, an 85.95% increase from the previous year. Revenue also saw a 31.37% increase. The company declared a second interim dividend of Rs 4 per share for FY 2025-26. Coforge signed deals worth $514 million in Q2. The company's attrition rate stood at 11.4%.
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.