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.
Trump and Orban discussed Hungary's request for an exemption from Russian oil sanctions, with Trump praising Orban's leadership and immigration policies. They also talked about the conflict between Russia and Ukraine. Orban expressed gratitude for Trump's efforts to improve US-Hungary relations. A decision on the exemption has not been made yet.
DOL has opened at least 175 investigations into possible misuse of the H-1B visa programme, Fox News reported. The step comes after the Trump administration earlier launched Project Firewall and imposed a $100,000 fee on new H-1B applications, aiming to ensure employers don’t overlook qualified American workers and hire foreign workers only when they are genuinely needed.
Maharashtra CM Devendra Fadnavis assures swift and transparent action in the Pune land deal involving Deputy CM Ajit Pawar's son. FIRs have been filed against the company and its signatories, and cancelling the registry will not affect the criminal case. An interim report has been submitted and the FIR is filed.
A massive fire broke out in a slum near Rithala Metro Station in New Delhi, injuring a child. The fire, which was declared to be of Medium category, required 29 fire tenders to be rushed to the spot. After hours of dousing, the blaze was brought under control and the injured child was sent to the hospital. No further casualties have been reported.
North Korea's defense minister warns of further aggressive actions against the U.S. amid escalating tensions. This follows a ballistic missile launch and U.S. sanctions related to cyber money-laundering. The U.S. Indo-Pacific Command condemns North Korea's destabilizing behavior, while defense chiefs of the U.S. and South Korea hold security talks at the border.
President Trump has announced that no US officials will attend the G20 summit in South Africa due to the country's treatment of white farmers. Vice President JD Vance was scheduled to attend but will no longer go. Trump called the summit a "total disgrace" and cited abuses against Afrikaners. The Trump administration and Secretary of State Marco Rubio have both criticized South Africa.
Tata Group's retail arm, Trent, faced tough competition in the apparel industry, resulting in lower profits and revenue in the September quarter. The company plans to sell its stake in Inditex Trent Retail India and cited weak consumer sentiment and GST issues as reasons for the decline.
India's reliance on imported cooking oils is expected to remain high due to a decline in domestic production and increased demand for soybean oil. Despite government efforts to discourage crude oil imports, the country still imports 57% of its annual cooking oil requirement. While soybean oil imports may increase due to high palm oil prices, there is a potential upside risk in the future.
Billionbrains Garage Ventures, promoter of India's largest brokerage Groww, had a successful IPO with a float oversubscribed 17.6 times. QIB portion drew the most interest with 22.02 times the bids, NII portion was bid 14.20 times, and retail investors portion saw 9.4 times the bids. The issue saw participation from all categories, including three large sovereign funds.
Hindalco Industries, a major aluminium and copper company, reported a 21% increase in net profit to Rs 4,741 crore in the second quarter of FY26. Its revenue from operations also rose to Rs 66,058 crore, beating Street estimates. The company's India business and US subsidiary, Novelis, contributed to this strong performance.
FSN E-commerce Ventures, the parent company of Nykaa, reported a 154% increase in profit after tax and a 28% increase in revenue from operations in the second quarter of FY26. The company is planning to expand globally, with a particular focus on the UK market. Nykaa's customer base and physical store presence also saw significant growth.
UGRO Capital, led by Founder and Managing Director Shachindra Nath, is set to acquire Profectus Capital by the end of this month, adding Rs 3,000 crore to its asset base and surpassing its AUM target of Rs 15,000 crore. This will contribute to the company's expected consolidated AUM of Rs 16,500-17,000 crore.
India and New Zealand have successfully completed their fourth round of talks for a Free Trade Agreement, aiming to boost bilateral trade by 10 times in the next decade. The negotiations focused on goods market access, services, and investment opportunities, while also exploring potential areas of cooperation in agriculture, tourism, technology, and space collaboration.
Rakshit Hargave's exit from Birla Opus to join Britannia Industries as its ED & CEO caused a stir in the FMCG industry. With vast experience in companies like Beiersdorf, HUL, Domino's, and Nestle India, Hargave is expected to bring success to Britannia. His track record at Birla Opus, where he achieved the second position in the decorative paints market within two years, proves his capabilities.
Reliance Retail's beauty platform Tira has launched its first product, the Tira Lip Plumping Peptint, entering the competitive make-up segment. Priced at Rs 675, it offers both color and care, challenging established brands like Lakme and L'Oreal, as well as direct-to-consumer brands like Plum and Sugar Cosmetics.
RBI Deputy Governor Swaminathan J. urged boards to take ownership of outcomes and focus on substance rather than structure. He emphasized the need for genuine independence and empowering control functions. He also proposed three principles for regulators to balance entity- and activity-based regulation, apply proportionality, and strive for outcome-based rules.
India and the EU have concluded successful meetings to reach a balanced Free Trade Agreement (FTA) by the end of this year. Key areas such as goods, services, investment, and sustainable development were discussed, with both sides agreeing to maintain continuous engagement and accelerate efforts.
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.