KFin Tech's share price dropped 5.3% but Nuvama Institutional Equities maintained a 'Buy' rating and Rs 1,480 target price, implying a 26.6% upside. The company saw strong revenue growth of 10.3% YoY in Q2 FY26, driven by its Mutual Funds segment and Issuer Solutions. It added 597 clients and increased market share in IPOs. Net profit and revenue also grew in Q2 FY26.
Two popular companies, Lenskart and Studds Accessories, are launching IPOs simultaneously. Despite being in the same industries, their IPO structures, objectives, and growth potential vary significantly. Lenskart's IPO is a combination of fresh issue and offer for sale, while Studds' IPO is solely an offer for sale.
Amazon has officially started sending notices to corporate employees affected by its latest round of layoffs, as the company moves forward with plans to cut around 14,000 jobs. Internal messages seen by Business Insider revealed that employees began receiving notification emails earlier this week, with the company promising 90 days of full pay and benefits.
Punjabi singer Diljit Dosanjh threatened by Khalistani group over upcoming concert in Australia, claims he insulted victims of 1984 Sikh Genocide. The warning comes after Dosanjh paid respects to Amitabh Bachchan in a feet-touching gesture. The separatist organisation, Sikhs for Justice, aims to shut down the concert.
Jeff Bezos, founder of Amazon and former richest man in the world, has a net worth of $241 billion and is the fourth-richest billionaire. He is known for his extravagant lifestyle and has a unique collection of luxury watches, including a $2.4 million Richard Mille and a Rs 7.4 lakh Ulysse Nardin Dual Time. Bezos also owns a custom-made Omega Speedmaster and a rare Richard Mille RM 27.
President Trump takes credit for stopping India-Pakistan conflict through trade negotiations, warning of consequences if they didn't comply. India denies his involvement, citing direct diplomatic engagement. India's military operation, Operation Sindoor, was successful in dismantling terror infrastructure in Pakistan.
28-year-old Surj Singh Salaria, an Indian-origin resident of Calgary, Canada, was arrested at the Coutts border crossing for attempting to smuggle 77 kg of cocaine into the country. The estimated street value of the drugs was $7 million. Salaria has been charged with multiple offenses and is currently in custody. The news of his arrest came to light during his court appearance on October 27.
North Korea test-fired sea-to-surface strategic cruise missiles in the Yellow Sea before Trump's visit to South Korea. The missiles flew for 7,800 seconds and were not overseen by the leader. State media didn't report on the launch, but a North Korean official called it a "war deterrent." The missiles could reach Japan and China.
Andy Muschietti's latest creation, 'IT: Welcome to Derry,' has received rave reviews for its overtly horror series and iconic villain, Pennywise. The first episode has been praised for its visuals and symbolism, with some calling it scarier than the 2017 movie. However, not all viewers were impressed, with some criticizing the visuals and lack of suspense.
Indian PM Narendra Modi skipped the ASEAN summit in Malaysia to avoid meeting US President Donald Trump, amidst strained relations between the two countries. Trump has been trying to take credit for a ceasefire between India and Pakistan, causing tensions between the two nations. Experts suggest that Modi may have also stayed away to avoid an awkward exchange with Trump.
HDFC Bank has placed two senior executives on gardening leave amid an internal probe into the alleged mis-selling of Credit Suisse’s Additional Tier 1 (AT1) bonds. The bank is facing scrutiny from regulators and has halted new client acquisition. A senior manager has resigned and high-net worth individuals have filed complaints.
Nuvama gives 'Buy' rating to TVS Motor, SRF, and KFin Technologies, citing strong earnings visibility, margin expansion, and sectoral tailwinds. TVS Motor is expected to see double-digit growth in both domestic and export markets, while SRF is benefiting from higher realisations in its HFC segment and upcoming product launches in the specialty chemicals segment.
The NFL has revealed that the 2026 Super Bowl will feature a performance by Sting at the Palace of Fine Arts in San Francisco. This announcement comes after the controversy surrounding Bad Bunny's selection as the Halftime show headliner. Tickets for Sting's show start at $750, and he has previously performed at the Super Bowl.
After Amazon and Target, logistics giant United Parcel Service (UPS) announced that in the first nine months of 2025, it had eliminated around 48,000 jobs as part of its cost-cutting initiative. Most of these layoffs affected truck drivers and warehouse workers in the US, however, approximately 14,000 management and corporate employees were also asked to resign.
The Tata Trusts voting process resulted in a "direct revenge" against the Mehli Mistry camp for not supporting Trustee Vijay Singh. Noel Tata's rush to achieve the same status as Ratan Tata was the main issue, with four trustees feeling disrespected and lacking information on important matters. This led to their decision to vote against the chairman.
Suryakumar Yadav leads India in first T20I against Australia, both teams preparing for T20 World Cup. Match to be aired on Star Sports and streamed on JioHotstar. Australia's all-rounder to watch out for at Manuka Oval in Canberra.
Israel launched air strikes in Gaza, killing nine people, in response to alleged ceasefire violations by Hamas. Israeli PM Netanyahu ordered forceful strikes and the IDF retaliated to attacks by Hamas. Israel's Defence Minister warned of consequences for targeting IDF personnel, while Hamas condemned the "criminal bombardment."
The Coolidge Reagan Foundation has filed criminal referrals against NYC mayoral candidate Zohran Mamdani for allegedly accepting illegal foreign contributions. The organization's president, Dan Backer, claims this is not an isolated incident and that Mamdani's campaign has violated campaign finance laws. This news comes as Mamdani leads in polls against former governor Andrew Cuomo.
Ayushmann Khurrana's Thamma has become the biggest opener in the horror-comedy franchise after Stree 2, crossing Rs 100 crore domestically and Rs 130 crore globally. Meanwhile, Pradeep Ranganathan's Dude has also been a hit, crossing Rs 100 crore and winning hearts of Tamil audiences. It remains to be seen how Thamma performs in its second week.
Delhi government's cloud seeding trials to bring artificial rain to fight pollution levels were not completely successful. The attempts failed due to low moisture levels in the atmosphere, with only 10-15% predicted by IMD. However, the operation did help reduce pollution levels in targeted areas, with small precipitation events recorded.
Hurricane Melissa made landfall in Jamaica on Tuesday as a Category 5 storm, one of the strongest hurricanes the island has faced since records began in 1851, reports CNN. The storm battered the entire region, leaving behind a trail of destruction before weakening to a Category 4 system near mountain areas.
US authorities have identified 34-year-old Jacob Prichard as the suspect in a murder-suicide case on October 25. He killed his wife and a lieutenant before taking his own life. Prichard first broke into his co-worker's house and killed him, then took his wife's life and drove to a government office where he killed himself.
The Republican-led U.S. Senate passed legislation to overturn Trump's tariffs against Brazil, citing concerns over national security and political persecution. This comes amid growing backlash from Democrats and some Republicans who argue that Trump has used "bogus emergencies" to justify his trade actions. \
Trump travels to South Korea to meet with President Xi Jinping and Governor Lee Jae Myung. Key topics include the trade agreement between the U.S. and South Korea, defense spending, immigration reforms, and North Korea's recent missile test. Trump will not attend the APEC leaders' summit.
The Orkla India IPO, parent company of MTR Foods and Eastern Condiments, is now open for subscription with an issue size of Rs 1,667.54 crore and price band of Rs 695-730 per share. The GMP is at 10%, the subscription period is from October 29-31, and the allotment date is November 3. Key risks include raw material volatility and supply chain disruptions.
BPCL and Oil India have joined forces to build a refinery and petrochemical complex in Andhra Pradesh worth Rs 1 lakh crore. This project will also include a cross-country pipeline and the production of organic fertilisers. The refinery will have a capacity of 9-12 MTPA and has all necessary clearances and land in place.
Signature Global, a property developer, has raised Rs 875 crore from IFC, the lending arm of World Bank, through a private placement of NCDs. The NCDs have an 'A+' rating, 11% coupon rate, and a tenure of 3 years and 2 months, and are listed on BSE. The funds will be used for mid-income housing, ESG aligned projects, and reducing existing debt. They have a project pipeline of 17.
Tamilnad Mercantile Bank (TMB) aims for a 14% loan growth by expanding its MSME portfolio. It plans to increase deposit growth, current and savings account deposits. The managing director and CEO expects a rise in net interest margin to 3.85-3.90%. TMB will moderate gold loan growth and introduce new services.
The RBI's decision to permit domestic lenders to finance acquisitions in key sectors like pharmaceuticals, healthcare, energy, infrastructure, and renewables is expected to increase M&A activity. EY data reveals significant consolidation in these sectors, with $50 billion invested in the first half of 2025.
Sebi seeks public comments on proposals to revamp mutual fund industry's fee structure for transparency and reduced costs. Changes include simplifying regulations, standardizing rights and obligations, and revising brokerage charges. Aim to address conflicts of interest through suitable oversight mechanisms. Deadline for feedback is November 17.
Adani Green Energy's Q2FY26 results showed a rise in net profit and Ebitda, while maintaining steady revenues. The company's operational renewable capacity also increased, making it the largest in India. With a focus on innovative technologies and ESG initiatives, Adani Green is on track to achieve its goal of 50 GW by 2030, after adding significant greenfield capacity in H1FY26.
Amazon India to lay off 800-1,000 employees as part of global restructuring. CEO Andy Jassy's push towards operating like a startup and investing in AI technology. Layoffs to be carried out in three phases over three days with support packages for employees. Despite cuts, Amazon remains committed to India with plans to invest Rs. 8,000 crore.
Commerce Minister Piyush Goyal will meet with exporters to address challenges in international trade and boost shipments from India. Focus will be on trade agreements and the impact of US tariffs on Indian exports. Exporters seek government support to maintain competitiveness in the US market and explore new markets.
The Supreme Court's decision to review Vodafone Idea's AGR dues has provided a chance for the struggling telecom company to improve its financial position, secure bank funding, and slow down subscriber losses. This could ultimately enhance its competitiveness in the market, but long-term recovery still relies on tariff rationalisation and regulatory support.
The Cabinet has approved a subsidy of Rs 37,952 crore for phosphatic and potassic fertilisers for the next rabi season, ensuring stable prices for non-urea soil nutrients. The allocation for NBS is 55% higher than the previous season, with the overall fertiliser subsidy projected to cross Rs 1.95 lakh crore.
Tata Capital's Q2 net profit increased by 11% to Rs 1,097 crore, with net interest income rising by 5%. This is attributed to the acquisition of Tata Motors Finance. The company plans to stabilize business metrics and focus on multi-OEM model and strengthening underwriting and collection frameworks. Its asset quality remains strong and shares closed at Rs. 78.
India's Electronics and IT Minister Ashwini Vaishnaw aims to strengthen the country's electronics manufacturing ecosystem by promoting locally designed and manufactured equipment and materials. The government's initiatives, such as the IndiaAI Mission and India Semiconductor Mission, will support innovative entrepreneurs and establish India as a leader in global markets.
Air India Express is set to enhance its domestic market presence by adding 20-24 new aircraft to its fleet by 2026. The airline is currently adding 3-3.5 aircraft per month and aims to receive its entire 737 order by 2030. It plans to focus on domestic routes, capture a third of the market share, and establish a strong presence in city-pairs.
India's services sector has grown significantly in the past six years, creating 40 million jobs and contributing more than half of the national GVA. Despite its resilience during crises, the sector still faces challenges such as informality, gender and spatial divides, and regional disparities.
ICAI proposes significant changes to Code of Ethics for CAs, including allowing partnerships with other professionals and removing restrictions on advertising. Other proposed changes include new independence provisions and a higher reporting threshold for audit fees.
Bata India's MD & CEO, Gunjan Shah, states that the demand for their products priced under Rs 2,500 has risen after the GST reduction. The company has a three-pronged strategy to boost growth, including product refresh, store revamps, and a more agile supply chain. They have observed a significant increase in sales since September 22, with a focus on tier 2 and 3 markets.
Trai and DoT have agreed to launch the CNAP service, showing caller name and number for incoming calls. It will be active for all users but can be disabled. Implementation will start with 4G and 5G networks to combat spam and fraud calls. Operators must establish secure databases and new devices must support CNAP. Trai has also taken steps to protect user privacy.
Apple's market value has reached a record-breaking $4 trillion, thanks to the success of its latest iPhone models. The company's shares have risen by 13% since the new launches in September, driven by strong demand. Despite concerns about its cautious approach to AI, the iPhone continues to be a major source of profit and revenue for Apple.
September's industrial growth reached 4%, thanks to the manufacturing sector's strong performance, aided by festive season and GST cuts. Despite a slowdown in mining and electricity, the IIP expansion was higher than last year. Consumer durables and infrastructure showed growth, while non-durables continued to decline.
Benchmark indices ended flat on Tuesday after a volatile session, with the Sensex closing down 150.68 points or 0.18%. The Nifty also closed lower by 29.85 points or 0.11%. The market sentiment remained cautious ahead of global central bank meetings and US tech earnings announcements.
Ficci urges for simplification of TDS structure in budget with fewer rates and provisions. Suggests tax neutrality for fast-track de-mergers and reduction in pendency before CIT (Appeal). Calls for more offices of Customs Authority for Advance Rulings to enhance trade certainty and reduce compliance burden. Finance Ministry seeks suggestions from trade and industry.
Mehli Mistry, a close associate of Ratan Tata, has been removed from the boards of the key entities controlling Tata Sons, leading to chaos in the philanthropic organizations and a battle for control over the Tata Group. This raises concerns about governance and board representation, with legal experts divided on the consequences and possible actions by Mistry.
PNB Housing Finance is expanding its loan portfolio by re-entering corporate lending and prioritizing construction finance. It aims to reach a loan book of Rs 1 lakh crore by FY27, driven by affordable and emerging markets. The company plans to expand its branch network and focus on informal segments. Its loan book has grown by 17% and asset quality has improved, indicating a strong performance.
The largest commodity exchange in India experienced a delay of over four hours in trading on Tuesday due to a technical issue. Operations were shifted to the Disaster Recovery site and trading resumed at 1.25pm. The company is investigating the cause and will take necessary corrective measures.
Two people died and several were injured when a bus carrying labourers caught fire in Jaipur due to a cylinder blast, the third such incident in recent days. Deputy CM confirmed the incident and stated the bus was carrying two LPG cylinders which exploded near a high-tension wire. This is third such incident in the past two weeks.