Eyewear retailer Lenskart has received Sebi approval for its IPO, which includes a fresh issue of equity shares worth Rs 2,150 crore and an offer for sale of up to 132 million shares by existing investors and promoters. Promoters will sell 20 million shares, while institutional and other shareholders own 80%. The company plans to use the proceeds for expansion.
SBI and ICRA have varying predictions for India's Q2 GDP growth, with SBI expecting 7.5% and ICRA expecting 7%. SBI credits rural consumption, investment, and GST rationalisation for the growth, while ICRA expresses concern over low government expenditure. Both agencies foresee growth in manufacturing and services, but ICRA predicts a slowdown in agriculture.
Hollywood actor Jon Voight has expressed his disapproval of New York Mayor-elect Zohran Mamdani, urging President Donald Trump to "terminate" his win in recent elections. Voight, known for his iconic roles in films like 'Coming Home' and 'Midnight Cowboy', called Mamdani a "communist" and warned that he will turn the city into a "virtual refugee shelter for radical Muslim ideology."
Indian equity benchmarks ended their six-day winning streak as the Nifty 50 and the BSE Sensex closed lower. Nifty Bank also saw a decline, while midcap and smallcap stocks fell. BSE Midcap and Smallcap indices closed higher. Factors like weak global sentiment, a stronger dollar, and expectations of a U.S. Fed rate cut in December contributed to the decline. Bharti Airtel was the top gainer.
After 25 years in the US, a couple returned to India, hoping to enjoy their golden years. But as friends back in the States ask about life here, a dealbreaker keeps cropping up — the horrendous traffic.
NielsenIQ's report reveals a slowdown in Indian FMCG sales growth due to GST rate changes. However, value growth increased by 12.9%, with rural areas surpassing urban areas for the 7th quarter. The report also discusses the impact of e-commerce and economic measures on consumption. Despite hurdles, the sector remains strong, with rural markets driving growth.
Dulquer Salmaan's latest release Kaantha, directed by Selvamani Selvaraj and featuring a talented cast including Rana Daggubati and Bhagyashri Borse, has crossed the Rs 15 crore India net milestone in just four days. Despite a slowdown on Monday, the film is expected to regain momentum in its second weekend and could potentially reach the Rs 25 crore mark in its first week.
Reliance Industries, an Indian refiner, recently purchased 1 million barrels of heavy crude from Kuwait Petroleum Corp in a tender. The deal includes 500,000 barrels of Kuwait Heavy Crude and Eocene crude, with prices yet to be disclosed. This purchase comes after Reliance stopped buying Russian oil last month due to US sanctions.
The Met Gala's upcoming event, themed 'Costume Art', will explore the connection between fashion and the human body through art. This will be the first Gala without Anna Wintour and will showcase garments and artworks from the Institute's collection spanning 5,000 years. Expect extravagant costumes inspired by classic art pieces and styles.
Prashant Kishor, founder of Jan Suraaj Party, has taken responsibility for the party's failure in the Bihar election and apologised for the poor performance. He vowed to work harder towards improving Bihar. He added that he will observe a day-long silent fast on November 20.
Larry Summers, the Harvard University professor and former university president, said Monday night that he is “deeply ashamed” of his relationship with convicted sex offender Jeffrey Epstein. Speaking to CNN, Summers said he would pause all public appearances to focus on “rebuilding trust and repairing relationships,” though he will continue teaching at Harvard.
Fujiyama Power Systems IPO, priced at Rs 216-228 per share, saw a strong response from investors with an overall subscription of 2.21 times. Share allotment will be announced on November 18 and listing is scheduled for November 20. Investors can check their allotment status online through BSE, NSE, and the registrar.
The NIA has arrested Jasir Bilal Wani, an "active co-conspirator" in the Delhi terror attack, for providing technical support. A video of suicide bomber Dr Umar Nabi, who carried out the attack, has surfaced where he claims that "suicide bombing is martyrdom in Islam", adding that the concept is "very misunderstood".
The office of Health Minister Y Satya Kumar Yadav has raised a complaint with the NTR district police after discovering that fake Tirumala Tirupati Devasthanams (TTD) darshan letters were being circulated using the minister’s name and letterhead, TOI reported.
JSW Cement has sold its entire stake in Algebra Endeavour to Nuvoco Vistas Corporation, with Alpha Alternatives Holdings also selling their stake. The deal, valued at Rs 1,91,63,01,956, will be completed within 10 days. Nuvoco will take full control of Algebra Endeavour and its power plants will be used for captive power consumption.
Motilal Oswal has issued a 'Sell' rating on MRF stock, with a target price of Rs 121,162, citing stretched valuations and concerns about the company's competitive position. While the recent quarterly numbers were in line with expectations, the brokerage notes a weakening market positioning and pricing power.
The Trump administration on Monday announced a new fast-track visa system for the huge number of fans expected to travel to the US for the 2026 World Cup. The system ensures, people who already have World Cup match tickets will be moved to the front of the line for visa interview appointments.
US President Donald Trump said he will sign a new bill that forces the Justice Department to release all files linked to Jeffrey Epstein, but only if the bill clears both the House and the Senate.
Emmvee Photovoltaic, a solar industry leader, successfully debuted on the National Stock Exchange and BSE at Rs 217 per share, raising Rs 2,900 crores through a mix of fresh shares and offer for sale. With plans for expansion and a focus on high-efficiency technology, the company is poised for success. JM Financial and Kfin Technologies played key roles as book runner and registrar, respectively.
Indian equity indices opened Tuesday's trading session on a negative note, with the NSE Nifty 50 and BSE Sensex opening lower. The Bank Nifty opened flat, while small and mid-cap stocks were in line with benchmarks. The Nifty Midcap also opened lower. According to experts, the Nifty index might see a positive development if it crosses the 26,100 level.
A few weeks before Russian President Vladimir Putin lands in India for the 23rd Annual India–Russia Summit, External Affairs Minister S Jaishankar met Russian Foreign Minister Sergey Lavrov in Moscow. This was their sixth meeting this year. The purpose of the meeting was to finalise plans for Putin’s visit and get key agreements ready, especially those linked to defence and mobility.
Bitcoin is crashing again, and this time, traders fear the fall may get even worse. On Monday, the world’s biggest cryptocurrency slipped below $91,500, wiping out all the gains it had made this year. The drop has sent ripples across the market, with investors rushing to protect themselves from more damage.
US President Donald Trump said on Monday that he plans to sell advanced F-35 fighter jets to Saudi Arabia. He made the announcement in the Oval Office and told reporters that the Saudis “want to buy them” and that they have been “a great ally.”
Indian markets open higher, with Nifty 50 and Sensex continuing their winning streak. Asian markets trade lower, while US market shows mixed results. Dow Jones and S&P 500 fall, while Nasdaq Composite slips. US Dollar Index increases, while rupee depreciates against dollar. Crude oil prices edge lower, and foreign and domestic investors show net buying in Indian equity market.
The UN Security Council has approved a resolution supporting President Trump's Gaza plan, which includes a ceasefire and the release of hostages. The resolution also allows for an international force to oversee reconstruction and disarmament. Hamas has rejected the resolution and vows to keep fighting Israel.
The US stock market experienced a decline on Monday, with tech giants like Nvidia and other AI companies suffering losses. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all fell. The market was affected by drops from top AI performers like Nvidia and Super Micro Computer, as well as other high-momentum winners like Bitcoin and Coinbase Global.
NIA arrests another key suspect in Red Fort terror attack, Jasir Bilal Wani, for providing technical support and attempting to make rockets. Wani was influenced by suicide bomber Dr Umar Nabi and was pressured to become a suicide bomber, but withdrew due to financial hardship and religious beliefs. NIA continues to investigate and search for all those involved in the attack.
Indian equity markets are likely to rise today as various companies announce project wins, global expansions, leadership changes, and product approvals. Renewable energy, infrastructure, IT, and pharma firms will have a significant impact on stock movements. On Monday, the Nifty 50 and BSE Sensex saw significant gains.
Indian government restricts imports of platinum jewellery from countries like Thailand, who are part of the ASEAN with which India has a free trade agreement. This is to prevent importers from exploiting duty differentials and circumventing tariffs by declaring items as platinum alloys.
India Inc's cash reserves have surged to a record Rs 14.19 lakh crore, with top companies holding 83% of it. The boost is due to better financial performance and higher other income. Firms have also used their cash to pay off loans and reduce debt, resulting in a strong September quarter with a 12.7% rise in net sales and expanded operating profit margins.
The 16th Finance Commission, led by Arvind Panagariya, presented its report to President Droupadi Murmu, addressing tax devolution, grants-in-aid, and fiscal transfers for the next five years. It conducted thorough reviews and consultations with stakeholders, visiting all 28 states to assess their fiscal capacities and development needs.
India's state-owned oil companies have signed a one-year contract to import 2.2 million tonnes of LPG from the US, accounting for 10% of the country's annual imports. This shows India's commitment to increase energy imports from the US, despite facing high tariffs on other goods.
India's merchandise exports dropped by 11.8% in October, mainly due to a decrease in shipments to the US caused by additional tariffs. The trade deficit hit a record high of $41.68 billion due to a spike in gold imports during the festive season. However, there was a rise in electronic exports and services exports surpassed goods exports.
The government has extended the ceiling prices on orthopaedic knee implants for another year till November 2026. The decision was made by the National Pharmaceutical Pricing Authority (NPPA) to ensure affordable prices for patients. NPPA had previously fixed the prices in 2017 due to high trade margins.
Democrats are pressuring Trump to not sell the $1.6 trillion federal student loan portfolio, arguing it would harm 45 million borrowers by removing protections. Critics warn of potential harm to taxpayers and prioritization of investor profits over struggling borrowers. Advocacy groups are calling for the sale to be halted to protect borrowers' legal rights.
Trai updates its proposal on consent-based sharing of mobile subscribers’ KYC data, citing new cybersecurity rules and a mobile number validation mechanism. It suggests creating a framework similar to DEPA for KYC data sharing during number portability and aligning telecom data portability with India’s Account Aggregator network.
The US Department of Homeland Security has launched 'Operation Charlotte' in North Carolina, resulting in 81 arrests on the first day. Immigrant rights groups have protested the operation, with one man attempting to use a vehicle against federal agents. The DHS defends the operation, citing the need to enforce immigration laws and remove violators.
The government's decision to withdraw quality control orders on textile raw materials such as polyester has left out a key input, viscose, causing concern among industry executives. The move is expected to lower production costs and make raw materials more competitive, but some argue it favors domestic manufacturers.
National Stock Exchange Chief Executive Ashish Chauhan is urging regulators to standardize derivatives volume counting and ease intrusive FPI rules. He points out that India is not the largest market in derivatives, with the US doing five times more in stock options alone.
Adani Defence and Aerospace will invest Rs 10,000 crore in defence and aerospace, aiming for complete indigenous production. The Kanpur facility already manufactures ammunition and plans to produce all components by 2028.
Sebi Chairman Tuhin Kanta Pandey has agreed to review the proposal to decrease brokerage costs for AMCs after objections from institutional brokers. While the move aims to benefit investors, it has faced backlash from the industry.
A California state judge has ruled in favor of Tesla, stating that 6,000 Black workers cannot sue as a class over racial harassment due to lack of willing class members. This decision comes amidst other race discrimination claims against the company and their pledge to combat workplace harassment.
Urban unemployment rate rose slightly to 7% in October, while overall unemployment remained steady at 5.2%. Rural areas saw a decrease in unemployment for both males and females, contributing to the overall decline.
Indian exporters in the agriculture sector are set to gain from the Trump administration's decision to remove reciprocal tariffs on various commodities such as fruits, nuts, spices, and more. This move is expected to enhance India's export opportunities, with a value of over $1 billion being exempted from tariffs.
President Trump and Mayor-elect Mamdani, who had a contentious relationship during the mayoral election, are set to meet. Despite Trump's previous criticism of Mamdani, he now hopes for the city's success. Mamdani, who previously spoke about 'Trump-proofing' the city, is now open to working with anyone to benefit New Yorkers.
The RBI has extended the moratorium period for export credit, targeting outstanding loans as of August 31. This move is not comparable to the COVID-era moratorium and is expected to have a negligible impact on banks' profitability. The scheme offers a 4-month moratorium on repayments, providing a liquidity cushion for exporters.
Indian officials in UK to discuss Double Contribution Convention (DCC) and operationalisation of CETA. DCC will exempt Indian professionals in UK from social security payments and allow employees to contribute to social security in their home country.
A bankruptcy filing has revealed that missing funds from Byju's Alpha were funneled back to the founder, contradicting previous statements. Think & Learn denies the allegations and a sworn declaration details the transfer of funds to Byju's Global. Byju's denies wrongdoing and plans to provide evidence against the claims. The company's downfall began after raising a $1.2 billion investment.
Indian-origin professor Ronil Hira explains why US companies prefer hiring H-1B visa workers despite their ordinary skills. He believes it is due to economic advantages, as these workers can be paid less than American workers. Hira criticizes the H-1B program for its weak labour protections and US President Trump has recently softened his stance on the issue.
IIM Ahmedabad's class of 2025 has achieved a record-breaking summer placement with 410 offers from top firms across multiple domains. Consulting and BFSI firms were the top recruiters, with a notable rise in roles offered by long-standing recruiters. Over 50 new companies, including Apple and Hero MotoCorp, participated.
An Indian man, Thirumurugan Sivalingam, traveled to Argentina for a cryptocurrency conference and faced racist comments on social media. However, the local community showed overwhelming support and welcomed him to their country. The incident sheds light on the surge of anti-Indian racism on social media.