Midwest, a leading company in the mining and construction industry, has successfully completed its IPO and will be listed on Indian bourses on October 24. The IPO was oversubscribed by 92.36 times, with strong demand from all investor categories. The company plans to use the Rs 451 crore raised for future growth, despite a slight decrease in the grey market premium.
Legendary comedian Asrani, famous for his roles in Sholay and Chhoti Si Baat, died at 84 due to breathing issues and fluid in his lungs. His final wish for a private funeral was granted after his cremation.
IMD has issued a cyclone alert for Tamil Nadu, predicting heavy rainfall from October 22-25. Chennai has already experienced up to 100 mm of rain in a day, with more expected in the coming days. Schools are shut and fishermen have been cautioned as the state prepares for potential flooding. Chief Minister M.K. Stalin has initiated flood preparedness measures.
Amid US President Donald Trump’s immigration crackdown, the Indian government is currently working on a new scheme focused on bringing back Indian-origin “star faculty” and researchers currently based abroad, according to The Indian Express.
Zohran Mamdani, a NYC mayoral candidate, has been vocal about his criticism of Indian PM Narendra Modi. He owns up to past controversial statements, emphasizing his vision of a diverse India. As a potential mayor, he feels responsible for the safety and celebration of all New Yorkers, despite differing views.
After 24 years, the NBA has returned to NBC with the 2025-26 season opener between the Oklahoma City Thunder and Houston Rockets, and the Los Angeles Lakers and Golden State Warriors. The game started late, causing a buzz on social media, but fans were thrilled to hear the iconic "Roundball Rock" theme song again. The delay and theme song brought about discussions and excitement among fans.
The Karnataka High Court has ordered Bengaluru police to stop harassing Ola founder and employee over alleged abetment of suicide. The deceased employee's 28-page suicide note mentions mental harassment and financial distress. The company, however, denies workplace harassment and any financial exploitation.
Nuvama Institutional Equities maintains a ‘Hold’ rating on UltraTech Cement with a target price of Rs 13,982, indicating a potential upside of 13%. Despite steady operational performance and expansion plans, rising costs and near-term pressures limit immediate upside. Q2FY26 saw 7% volume growth and steady demand, but realisations were under pressure.
Gold prices fell on Wednesday due to easing U.S.-China trade tensions and profit-taking from investors after a record-breaking rally. Despite the drop, gold is still up 56% this year, reaching an all-time peak of $4,381.21. Analysts believe this is just a technical repositioning and dips will likely be bought. Investors are now waiting for U.S. inflation data and the Fed's interest rate decision.
President Trump refuses to meet with Democratic leaders until the government shutdown is over. Democrats are demanding an extension for the Affordable Care Act in a stopgap funding bill, while Republicans are considering extending the bill past its November 21 deadline. The Senate needs Democratic support to pass the bill.
France’s Louvre Museum was brazenly looted in broad daylight on October 19, with thieves escaping with eight crown jewels worth billions. On Tuesday, a Paris prosecutor estimated the stolen jewellery to be worth €88 million ($102 million), according to the Associated Press.
FBI Director Kash Patel celebrated Diwali with President Trump in the Oval Office, surrounded by fellow Indian-American officials. Patel praised Trump for his leadership and hospitality, while the president welcomed CEOs and promised to increase investments in the US. Trump also extended warm wishes to Indian Prime Minister Modi and described Diwali as a triumph of good over evil.
PM Narendra Modi thanked US President Donald Trump for his warm Diwali wishes and phone call, expressing hope for the two democracies to continue illuminating the world with hope and standing united against terrorism. Trump hosted Diwali celebrations at the White House. However, tensions have risen between the two countries over trade and Trump's growing ties with Pakistan.
Nuvama Institutional Equities has given PN Gadgil Jewellers a 'Buy' rating with a target price of Rs 860 due to their promising growth prospects, ambitious expansion plans, and predicted increase in profitability. The company's dominant presence in Maharashtra, ambitious expansion into new regions, and emphasis on high-margin studded jewellery are key factors driving Nuvama's recommendation.
WinTrack Inc., which said it has halted its operations in India after alleging bribery demands from customs officials, has now highlighted a case of an entrepreneur. The man, Sanjay Kumar Sharma, was allegedly harassed by a customs officer at Delhi Airport over the samples he was carrying. The officer demanded that he show the receipt of the samples he was carrying.
An American Airlines flight operated by SkyWest Airlines made an emergency landing in Nebraska after the pilots mistook flight attendants banging on the cockpit door for a possible security breach. The plane had travelled only 40 miles before turning back. SkyWest and the FAA issued statements apologising for the inconvenience and explaining that there was a problem with the interphone system.
Residents of Delhi woke up once again on Wednesday morning to a thick layer of smog suffocating the city. The air quality has continued to drop since the Diwali celebrations, with the average Air Quality Index (AQI) reaching 345 at 5:30 am on October 22, according to data from the Central Pollution Control Board (CPCB).
Nellore District Collector directs officials to prepare for heavy rainfall and evacuate people from low-lying areas. Schools and Anganwadi centers to remain closed on October 22. Tamil Nadu CM MK Stalin reviews situation in state with several districts under orange and yellow alerts for next four days. Control room set up to monitor the situation.
Tamil film Dude, starring Pradeep Ranganathan, has become a global hit with a box office collection of over Rs 65 crore in just four days. Its strong opening day of Rs 9.75 crore has led to a weekend jump and a total of Rs 41 crore in Tamil Nadu alone. Ranganathan's past films, like Dragon and Love Today, have also been successful, cementing his position as a top filmmaker.
Maddock Films' latest horror-comedy, Thamma, had a successful opening day at the box office, earning Rs 24 crore. Despite low initial occupancy rates, the film picked up in the afternoon and became Ayushmann Khurrana's biggest opener. It is also a top contender for Rashmika Mandanna's best movie and is expected to enter the top 10 for Khurrana.
Trump claims tariffs played a crucial role in averting eight wars, including the recent escalation between India and Pakistan. He asserts that trade and tariffs are a matter of national security and have made the US a wealthy country, enabling it to support defence and global security initiatives.
The Election Commission of India has released guidelines for the Bihar elections, prohibiting political parties and candidates from publishing print media advertisements on the day of polling and one day prior without pre-certification. Pre-certification must be sought two days in advance, and flying squads are enforcing the Model Code of Conduct.
Walmart Inc. has decided to pause job offers for H-1B visa holders, according to a new Bloomberg report. The company, which is also the largest private employer in the United States, took this step in response to the Trump administration’s newly imposed hefty fee on employers hiring H-1B candidates.
US President Donald Trump is optimistic about the upcoming trade deal with China and plans to meet with Chinese President Xi Jinping in two weeks. He also highlighted ongoing tariff discussions and warned that a steep tariff of up to 155 per cent could be imposed if a deal is not reached. Trump also announced additional tariffs and export controls on China.
President Trump's nominee for the federal watchdog agency, Paul Ingrassia, withdrew his nomination following accusations of a "Nazi streak" and derogatory comments about Black holidays. Senate Majority Leader John Thune urged the White House to withdraw the nomination, a rare move in a Republican-controlled Senate.
DCB Bank is targeting a growth of 18-20% in loans and deposits this year, with a reported loan growth of 19.14% and deposit growth of 18.8%. The recent GST reforms and repo rate cut have boosted expectations and impacted consumer behavior. The bank's focus is on secured, small-ticket lending to SMEs and becoming a full-fledged financial partner. They also aim to reduce slippages.
The implementation of GST 2.0 has doubled car sales in the automotive industry, with a predicted total of 650,000-700,000 units sold by Diwali. Major carmakers like Maruti Suzuki, Tata Motors, Hyundai, and Mahindra have all experienced a significant increase in sales due to the reduction in GST rates.
Venu Srinivasan's reappointment to the Sir Dorabji Tata Trust board was unanimous and attention now turns to Mehli Mistry's reappointment. However, selecting new members for the Tata Sons board may prove difficult due to tensions between the two groups in Tata Trusts. A prolonged stalemate is possible due to their hard stances.
IndiGo will resume operations from Delhi's Terminal 2 on October 26, along with Air India's domestic operations. The move is part of efforts to streamline traffic across terminals and enhance operational efficiency. IndiGo flights numbered 6E 2000-6E 2999 will operate from Terminal 2, while 6E 5000-6E 5999 and all international flights will operate from Terminal 3.
23-year-old Tamil-Canadian star Maitreyi Ramkrishnan has become a prominent South Asian face in Netflix dramas. Despite delaying her university acceptance to focus on acting, she has now graduated with a degree in human rights and equity studies. Her success reflects her dedication to social justice, evident in her role as an ambassador for Plan International Canada.
India's hotel industry is seeing a surge in the construction of branded rooms, with the mid-market and upper mid-market segments accounting for half of the pipeline. This is driven by the demand from the growing middle class and favorable tax reductions for mid-range hotels.
Coca-Cola's Q3 financial numbers for Asia-Pacific including India showed a 1% volume decline due to inclement weather and softer consumer spending. Despite these challenges, the company gained value share and grew revenue and profit. Rival PepsiCo also flagged similar concerns.
India's national minimum wage rate has not been updated in 8 years, causing disparities between states and industries. The National Floor Level Minimum Wage (NFLMW) has not changed since 2017, but revising it could lift workers out of poverty. Minimum wages are determined by the Minimum Wages Act and differ by employment type and state.
The RBI's October bulletin revealed that high interest rates on small savings instruments are hindering the transmission of policy rates to bank deposit rates, potentially causing a shift of deposits away from banks. The government's rates for post office term deposits are significantly higher than formula-based rates, but experts believe this will not greatly affect banks.
BigBasket, run by Tata Digital, has successfully transitioned to a unified quick commerce model, with over 700 mid-sized dark stores and plans to reach 800 by the end of the year. This shift has simplified their supply chain and eliminated the pricing advantage previously offered for slotted delivery.
Steel sector performance supported core sector output in September, growing 3% year-on-year despite contraction in four of eight components of the Index of Eight Core Industries. However, this growth was lower than August's 6.5% expansion. Steel sector, with a weight of 17.92% in the index, grew 14.1% in September.
Investors are worried about a potential stock market crash due to US tariff policies and overvalued sectors like AI. Nithin Kamath, co-founder of Zerodha, suggests reading "1929: Inside the Greatest Crash in Wall Street History" to comprehend the cycle of market crashes.
The procurement of Kharif paddy by FCI and state government agencies has begun successfully, with 8.81 MT being purchased, a 96% increase from last year. Punjab and Haryana have contributed the most, and Tamil Nadu has also shown a significant increase. The government has a target of 46.35 MT for this season, and the central pool currently has over 44 MT of rice stock.
The RBI's decision to increase the loan against shares limit to Rs 1 crore is expected to boost the borrowing and investing activities of HNIs. This move is likely to increase the growth rate in this segment and provide investors with more capital from their portfolios. However, proper processes and credit management are crucial for its success.
The government plans to draft a new law to handle insolvency of urban local bodies and municipal corporations, in order to boost investments in urban infrastructure. This comes after the Insolvency and Bankruptcy Board amendments are implemented. The new law will help lenders assess risks and allow municipalities to access capital markets.
Equity benchmarks Nifty 50 and Sensex hit new 52-week highs but closed only 0.1% higher due to profit-booking, making it the worst Muhurat trading session in eight years. However, broader indices outperformed and investor wealth touched a new one-year high. Experts predict double-digit earnings recovery and low double-digit returns in the upcoming year.
Diwali sales in India hit a record high of Rs 6.05 lakh crore in 2025, with a 25% increase from the previous year. This was due to GST rate cuts and a rise in demand for local products. Traditional trade saw a resurgence, making up 85% of total trade, with rural and semi-urban areas contributing significantly.
The experimental on-boarding of commodity bourses has resulted in a significant increase in sales of farm goods by FPOs. A total of 62 FPOs have sold over Rs 377 crore worth of commodities on the NCDEX platform, with 35 of them achieving sales over Rs 1 crore.
Tata Motors Passenger Vehicles achieved a record-breaking milestone of delivering 1 lakh vehicles in just 30 days during the festive season, with a significant increase in demand for SUVs and electric vehicles. CEO Shailesh Chandra is confident about the rest of the fiscal year, thanks to new launches and continued customer excitement. The company also saw significant sales on Dhanteras
China has filed a complaint with the WTO against India's PLI schemes for EVs and RE, claiming discrimination and violation of multilateral agreements. While consultations have begun, experts believe that India's support for EVs will continue regardless of the final ruling due to the limited functionality of the WTO's dispute settlement mechanism.
India's core infrastructure sectors' growth rate increased by 3% in September 2025, according to official data from the Ministry of Commerce & Industry. This is a significant improvement from the previous year's growth rate of 2.4%. However, the overall growth for April-September of this fiscal year was 2.9%, lower than the previous year's 4.3% growth.
Bollywood celebrities spared no expense in celebrating Diwali this year, with lavish parties, glamorous outfits, and heart-warming moments. Alia Bhatt spent time with both her in-laws and her family, while Kiara Advani and Siddharth Malhotra celebrated their first Diwali as new parents. Twinkle Khanna and Akshay Kumar enjoyed the festivities in London, while Ananya Panday celebrated with family.
Sensex and Nifty closed higher in special Muhurat trading session, starting Samvat 2082 positively. Cautious optimism seen in indices compared to 2024, boosted by recent GST changes and low inflation. NSE Chief reiterated need for making informed decisions.
The 2025 Diwali festive season saw a 24% increase in e-commerce order volumes and a 23% rise in gross merchandise value, with quick commerce apps and brand websites driving the growth. FMCG, home decor, beauty, and health categories were top performers, with tier II and III cities accounting for 55% of total orders. Faster delivery times and a shift towards digital transactions were also observed.
Mumbai Metropolitan Region (MMR) is expected to become one of the world's leading urban economies by 2047, with a projected GDP of $1.2-1.5 trillion and a population of 3.6-3.8 crore. The MMRDA has outlined a long-term plan for sustainable and inclusive growth, positioning MMR alongside global economic hubs like Tokyo, London, and Singapore. The plan aims to achieve a GDP of Rs 25 lakh crore by