Equity benchmarks hit new 52-week highs on Thursday, driven by foreign inflows and strong corporate earnings. Talks of a US-India deal and a reduction in FII selling have also boosted the market.
Billionbrains Garage Ventures, parent company of Groww, saw a rebound in shares as investors awaited the announcement of their September quarter earnings. The company also scheduled a board meeting and earnings call to discuss unaudited financial results. Despite a strong listing, Groww's stock had a volatile week, hitting upper circuit on Monday but correcting on Tuesday and Thursday.
Pakistan's Prime Minister Shehbaz Sharif praised a US panel report that supported Pakistan's claims of military success over India in May, which was also acknowledged by US President Donald Trump. However, China dismissed the report as misinformation and accused the commission of being biased against them.
The US has imposed sanctions on Iran's shadow oil network and entities supporting its nuclear program and terrorist groups. This includes an India-based shipping firm and a petroleum products trader. The US Treasury has also targeted shipping networks and an airline involved in Iran's illicit oil activities. These measures aim to hinder Iran's revenue and halt its nuclear aspirations.
Mahindra & Mahindra (M&M) has received a bullish call from three major brokerages - Motilal Oswal, Nuvama, and Jefferies, with target prices of Rs 4,275, Rs 4,200, and Rs 4,500 respectively. These reports highlight the company's strong growth potential in the SUV, LCV, and farm segments, with expected revenue growth of 8x and 3x in the next decade.
Nancy Pelosi, the US Speaker Emerita, has condemned President Trump, labeling him as the "biggest con job" and the "worst president" in American history. She also criticized his handling of climate change, stating that he is jeopardizing the health, education, and future of American children. Pelosi's remarks were made at a press conference with other Democratic officials.
Fatima Bosch of Mexico beat over 100 contestants to win the 74th Miss Universe pageant in Thailand. She faced tough competition from Miss India, Thailand, Venezuela, Philippines, and Ivory Coast. Despite her struggles with dyslexia and ADHD, Bosch is a role model and volunteer for children with cancer.
Capillary Technologies entered the National Stock Exchange at Rs 571.90, the same as its issue price of Rs 577. The IPO garnered Rs 877.70 crores through a mix of new shares and offer for sale. The lot size for investors was 25 shares, with a minimum bid of Rs 14,425. The company focuses on providing customer loyalty and engagement solutions through a wide range of products.
The Enforcement Directorate conducted searches in Jharkhand and West Bengal against the coal mafia, targeting over 40 premises under the PMLA. The investigation is linked to coal theft and smuggling by entities such as Anil Goyal, Sanjay Udhyog, L B Singh, and Amar Mandal. The case involves large-scale pilferage and theft of coal, resulting in losses of hundreds of crores to the government.
TCS and TPG have joined forces to invest Rs 18,000 crore in HyperVault, a new AI data centre unit. TCS will hold a majority stake while TPG will hold a significant portion. This investment is one of the largest in India's data centre infrastructure sector and will help TCS establish a strong presence in the AI and cloud infrastructure market.
Owen Gunden, the Bitcoin wizard, has sold his entire BTC holdings worth $1.3bn, bought when the coin was under $1. This comes as institutions invest in Bitcoin, while everyday investors are cautious. Gunden started selling in October, and his wallet is now empty, possibly signalling the end of the cycle. Analysts see it as a calculated profit-taking move in the current volatile market.
Indian indices open lower after reaching near record highs. Nifty 50, Sensex, and Bank Nifty all open lower. Market volatility increases, with the Nasdaq closing down 2.15%. Experts predict more volatility to come. Retail investors are advised to avoid speculative trades and buy high-quality stocks on declines. Early gainers include Mahindra & Mahindra, Asian Paints.
Miss Universe 2025 was recently held in Thailand, with contestants from around the world vying for the crown. India's representative, Manika Vishwakarma, made it to the top 15 but failed to advance further. The pageant was also in the news for a controversy involving the Mexican delegate and the host. The winner was chosen through rounds including swimsuit, evening gown, and QnA.
White House Press Secretary Karoline Leavitt praised President Trump for agreeing to meet with "communist" New York City Mayor-elect Zohran Mamdani, despite their opposing views. Trump's announcement on social media and his feud with Mamdani were mentioned.
Torrential rain, floods, and landslides in central Vietnam have killed 41 people, damaged the region known for coffee and beaches, and left over half a million households without power. Rescue efforts are ongoing, with photos showing stranded residents and a girl rescued from a collapsed home. More disasters are expected, and nine people are still missing.
A 19-year-old student in Maharashtra, Arnav Khaire, committed suicide after being harassed for speaking Hindi instead of Marathi on a local train. His father blames the incident for causing immense mental stress and an investigation has been launched. The incident has sparked a debate on language issues in the region, with his father demanding justice for his son.
Judge blocks Trump's deployment of National Guard to DC, citing concerns over violating local leaders' objections. White House defends Trump's actions as lawful and necessary to combat violent crime. DC Attorney General warns of dangerous precedent if Trump is allowed to use troops for domestic law enforcement. Trump faces similar legal battles in other cities.
Major companies have made significant updates that may impact trading, such as government action, stake sales, new deals, investments, and project orders. Indian equity benchmarks closed higher on November 20. The Enforcement Directorate is investigating Anil Ambani group stocks for money laundering. Max Financial plans to sell a stake, while JSW Energy acquires Raigarh Champa Rail Infrastructure.
Wall Street stocks fell due to a decline in technology gains, resulting in the Nasdaq and S&P 500 hitting their lowest closes since September. The Cboe Volatility index also reached its highest close since April. Nvidia's earnings initially boosted the market, but concerns over AI spending and the U.S. labor market caused a sharp reversal.
Reliance Industries, India's conglomerate, has stopped importing Russian crude oil into its Jamnagar refinery complex due to sanctions against Moscow. All product exports from the refinery will now come from non-Russian crude oil, with the transition being completed ahead of schedule. Reliance has also stated that all pre-committed liftings of Russian crude oil will be honored.
Abhishek Bachchan, son of Amitabh Bachchan, has found success in the business world through investments in sports, startups, and real estate. His diverse portfolio showcases his love for sports and personal connections, proving that fame can translate into lasting power and success.
Marico, a consumer goods maker, is optimistic about the future of the FMCG sector as it expects urban demand to pick up in the second half of FY26. This is due to factors like lower inflation, GST rate cuts, and a better policy environment.
Kolte Patil Developers, supported by Blackstone, aims to release 5-6 million sq ft of projects in Pune and Mumbai in the second half of the fiscal year. The company has launched luxury projects in Versova and NIBM and has a gross development potential of Rs 29,000 crore.
Shriram General Insurance aims to achieve a GWP of ₹8,000 crore by 2030 by launching surety bonds and expanding into non-motor insurance. They have seen a 28% growth in GWP in the motor insurance segment and plan to increase the share of non-motor insurance to 15%. The company also plans to introduce parametric cover and surety bond insurance in the near future.
NHAI has launched a public Infrastructure Investment Trust (InvIT) that will hold 1,500 km of highways in 3-5 years. This will allow retail investors to benefit from high revenue generating national highways. The InvIT, called Raajmarg Infra Investment Trust (RIIT), will be managed by Raajmarg Infra Investment Managers Private Limited (RIIMPL).
India's crude imports from Russia have stayed steady, but new shipments have dropped due to impending US sanctions. Reliance Industries has stopped using Russian crude at its export-only refinery in Jamnagar to abide by the sanctions. Other Indian refiners are also expected to halt direct purchases after November 21.
Sudeep Pharma's IPO has a price band of Rs 563-593 per equity share, aiming to raise Rs 895 crore. The issue includes a fresh issue of 0.16 crore shares worth Rs 95 crore and an offer for sale of 1.35 crore shares worth Rs 800 crore. The company has already received Rs 268.5 crore from anchor investors, and the allotment will be finalised on November 26. Stock is expected to perform well.
Rohit C, founder of a Bengaluru-based tech firm, discusses the reasons behind the failure of major Indian cities to provide a "world-class life." He points out issues like poor air quality, infrastructure, and inclusivity in cities like Gurgaon and Bengaluru. Rohit stresses the importance of considering factors like safety, education, and cost of living when choosing a city for long-term living.
The IBBI has introduced new guidelines for valuations under the IBC to promote consistency, transparency, and standardisation. These guidelines aim to create comprehensive and well-documented valuation reports based on a structured assessment of insolvent company assets.
RBI Governor Sanjay Malhotra believes that the rupee's depreciation is due to the high demand for the US dollar and is confident in a good trade deal with the US to stabilize the currency. He clarified that the RBI does not have a specific target for the rupee and is cautious about cryptocurrencies.
Google announced AI-powered security initiatives to enhance digital safety, including a scam-detection feature on Pixel phones developed with fintech players. They also introduced ePNV for secure authentication and showcased SynthID technology to tackle deepfakes. These efforts align with Google's PETs approach and comply with DPDP provisions.
India and Israel have signed an agreement to boost bilateral trade, aiming to increase it ten-fold in the next decade. The FTA and bilateral investment treaty will provide greater market access and investment opportunities. Israel's trade minister has also shown interest in helping Israeli companies invest in India and share defence technologies.
Trade unions urge Finance Minister Nirmala Sitharaman to repeal four labour codes and prioritize job creation in pre-budget meeting. Concerns over labour codes, unemployment, and minimum wage of Rs 26,000 per month raised. Calls to stop contract and outsourcing of permanent jobs.
The IDC, led by Financial Services Secretary M Nagaraju, approved RBI's proposals for foreign banks to establish branches, representative offices, and subsidiaries in India. The committee also approved expansion plans of Indian banks abroad after consulting with various ministries. However, there has been a decline in foreign bank branches in India.
Hospitality and tourism representatives urge government to grant 'industry' status for affordable finances. Finance Minister Nirmala Sitharaman holds meeting with various bodies, including Hotel Association of India and MakeMyTrip, ahead of Union Budget.
Traditional FMCG companies still control the majority of consumer spending on daily-use staples, despite the rise of quick commerce platforms. Legacy brands hold a 65% share of sales on Blinkit, with Colgate dominating toothpaste and digital-first brands finding success in low-frequency, premium segments.
Mahindra Group unveils ambitious plans for automotive business, targeting nearly threefold revenue growth by FY30. Aims to become world's fastest-growing SUV brand with upcoming launches and portfolio expansion. Revenue guidance of Rs 2.27 lakh crore by FY30, eightfold growth from FY20.
Tata Consultancy Services and TPG have joined forces to invest Rs 18,000 crore in TCS's new AI data centre unit, HyperVault. This partnership will focus on providing high-density compute and energy-efficient infrastructure for hyperscalers, AI companies, and large enterprises.
The Ministry of Steel has introduced 'SARAL SIMS' to simplify the registration process for MSMEs and small importers under the Steel Import Monitoring System. This new system allows for a single annual number and unlimited steel imports. The regular SIMS process has also been made easier with fewer mandatory fields and no need for a No Objection Certificate from the Ministry.
The Ministry of Statistics and Programme Implementation is revamping key economic indicators like GDP, IIP, and CPI in 2026 to improve the accuracy and credibility of India's economic data. Secretary Saurabh Garg assures that the new series will use advanced methods and tap into new databases, addressing concerns of volatility and credibility.
Amazon Pay India CEO Vikas Bansal talks about the company's comprehensive payments ecosystem, covering UPI, credit cards, pay-later, wallet, travel bookings, and bill payments. He highlights the company's efforts to overcome the perception of being just an "in-app feature" and its success in Tier 2 and Tier 3 cities.
Shreyasi Singh, a successful sportsperson, joined Bihar Chief Minister Nitish Kumar's cabinet as a minister. She has a strong political background and has won the 2020 and 2025 Bihar Legislative Assembly elections by a significant margin. Singh has a decorated career in shooting, including a gold at the 2018 Commonwealth Games.
Reliance Group has cut ties with Reliance Communications and Anil Ambani after the ED attached more assets in a money laundering investigation. Anil Ambani has not been on the Boards of Directors for Reliance Infrastructure or Reliance Power for 3.5 years. The ED has now attached assets worth over Rs 1,400 crore, bringing the total attached assets to Rs 9,000 crore.
Experts warn against relying on wearable air purifiers to combat Delhi's winter air pollution spike. These devices are not scientifically certified and may not be effective in real-world conditions. Instead, experts recommend using established methods like N95 masks and HEPA filters.
BJP leader Vanathi Srinivasan accused the DMK government of submitting a deliberately faulty Detailed Project Report for the Metrorail project in Coimbatore. She also stated that the project will only happen after the NDA forms government in Tamil Nadu in 2026.
JSW Energy has been approved by Raigarh Champa Rail Infrastructure's creditors to acquire the debt-ridden entity. This follows their successful acquisition of KSK Mahanadi Power Company Ltd in March, giving them indirect ownership of RCRIPL. The company has received a Letter of Intent from the Resolution Professional for the transaction.
The October Index of Eight Core Industries (ICI) remained stagnant, with four sectors experiencing a decline. Fertilizers, steel, cement, and electricity were the top performers, while coal, crude oil, natural gas, and refinery products saw a decrease in output.
By FY30, renewable energy will contribute 35% of power generation with a 200 GW increase in capacity. Timely project implementation, transmission infrastructure development, and PPAs are crucial for success. However, there is a decline in project bids and PPAs, raising concerns about execution and grid stability.
After a decade of dating, South Korean actors Kim Woo Bin and Shin Min Ah are getting married, confirmed by their agency AM Entertainment. The couple first met on a fashion brand ad shoot in 2015 and have overcome obstacles, including Woo Bin's cancer diagnosis. Fans and the K-entertainment industry are thrilled for their upcoming wedding on Dec. 20.
CAG issues directive to harmonize Object Heads of Expenditure across Union and State governments by FY 2027-28, addressing long-standing inconsistencies and improving budgeting and accounting systems. Deputy CAG highlights progress on Monthly Civil Accounts reform, advancing rendering dates to 10th and 15th of the following month in certain states.