why market is falling today, January 06
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Why is the stock market falling today? Here are 4 reasons that’s worrying investors

Market January 7, 2025
This is an AI assisted summary.

Indian equity markets experienced a decline in January due to concerns over the HMPV virus and FII selling. The slow loan growth of HDFC Bank also contributed to the market's drop. The Nifty 50 and BSE Sensex saw a significant decline, and two cases of HMPV were reported in Karnataka. The ongoing FPI selling is a cause for worry, and until India's growth rates improve.

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India agrees to cut Russian oil imports, US may slash tariffs to 15% under new trade deal: Report
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India agrees to cut Russian oil purchase, open agriculture Trump may reduce tariff: Report

Policy 15 min ago
This is an AI assisted summary.

India and the US are close to reaching a trade agreement, with the US potentially lowering tariffs on Indian imports from 50% to 15-16%. This is in exchange for India reducing its reliance on Russian oil and easing restrictions on US corn and soymeal imports. India may also advise state-run oil companies to diversify their crude sourcing towards the US.

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Jen Psaki on Usha Vance marriage
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Rajya Sabha MP P Chidambaram lauded Kiran Mazumdar-Shaw’s effort to fix Bengaluru infrastructure while pointing out the key challenge in public works and suggesting a governance model to ensure accountability.
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‘Great idea but…,’ Chidambaram responds to Kiran Mazumdar-Shaw’s offer to fix Bengaluru

Trending News 2 hr ago
This is an AI assisted summary.

Biocon founder Kiran Mazumdar-Shaw has offered to fund the development of 10-15 roads in Bengaluru, drawing praise from Rajya Sabha MP P Chidambaram. He suggested a governance model where a contractor will execute the work, while a supervising company or industrialist, like Mazumdar-Shaw, would be responsible for the quality and timely execution of public works.

FAA staffing issues
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FAA staffing shortage delays flights at Houston and Newark amid US government shutdown

Business 1 hr ago
This is an AI assisted summary.

The government shutdown has caused staffing issues in air traffic control, resulting in delays at Houston and Newark airports. Communication issues and absences from controllers have caused over 5,800 flights to be delayed. There are concerns for the well-being of unpaid controllers and TSA officers. The FAA is struggling with a shortage of controllers.

malala yousafzai new book
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‘I’m a funny person’: Malala Yousafzai tells Jimmy Fallon, unveils her lesser-known side

Lifestyle 1 hr ago
This is an AI assisted summary.

Malala Yousafzai's new book, 'Finding My Way', has been praised for its honest portrayal of her life beyond activism. In an interview with Jimmy Fallon, she reveals her age, transformation from teenage activist to married woman, and battle with mental health. The book shows a more relatable and 'normal' side of her, while still emphasizing her commitment to girls' education.

White House gate
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thamma vs edkd box office collection day 1
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Thamma vs Ek Deewane ki Deewaniyat box office: Which Diwali release is ruling hearts?

Life 1 hr ago
This is an AI assisted summary.

Thamma and Ek Deewane Ki Deewaniyat have taken the box office by storm on their opening day, with Thamma becoming Ayushmann Khurrana's biggest opener and Ek Deewane Ki Deewaniyat grossing Rs 8.50 crore. While Thamma received praise for its horror-comedy genre and surprise appearances, Ek Deewane Ki Deewaniyat was labelled a 'must-watch' by Elvish Yadav for its impressive dialogues and

Hong Kong airport
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Hong Kong prepares to reopen runway after cargo plane crash; recorders not yet recovered

World News 1 hr ago
This is an AI assisted summary.

Hong Kong authorities are planning to reopen the runway where a cargo plane, operated by ACT Airlines and leased by Emirates, crashed and killed two workers. However, the runway will not be used until the wreckage is cleared. The investigation into the cause of the crash is ongoing as the cockpit voice recorder and flight data recorder have not been retrieved.

Trump administration plans new probe into foreign drug pricing
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Trump mulls new tariffs over foreign drug pricing: Report

Business 1 hr ago
This is an AI assisted summary.

The Trump administration is launching a new investigation into drug pricing practices of US trading partners, potentially leading to tariffs. This Section 301 investigation will determine if these countries are underpaying for drugs, while US patients currently pay the most. Trump has previously threatened a 100% tariff on imported drugs and is pressuring pharmaceutical companies to lower prices.

Midwest IPO, Midwest IPO listing date, Midwest IPO GMP
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Midwest IPO: Why is GMP signalling caution ahead of D’Street debut? Check listing date

Market 2 hr ago
This is an AI assisted summary.

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.

Asrani last movies
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Tamil Nadu cyclone alert
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Cyclone alert in Tamil Nadu – Heavy rain expected for two days, 8 districts on red alert

India News 1 hr ago
This is an AI assisted summary.

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.

Modi Govt Aims to Bring Top Indian Scientists Home Amid Global Talent Race
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Zohran Mamdani on Modi
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NBA Season opener
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‘NBA is so back’: Knicks’ Josh Hart voices opening night delay frustration; NBC nostalgia

Trending News 3 hr ago
This is an AI assisted summary.

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.

K Aravind left a 28-page suicide note alleging mental harassment by his superiors at Ola. In the note, he also claimed that the company had exploited him financially, which caused him “severe distress”.
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UltraTech Cement share price, Nuvama UltraTech Cement rating, UltraTech Cement target price
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3 reasons why Nuvama maintains a ‘Hold’ on UltraTech Cement despite strong Q2 results

Market 3 hr ago
This is an AI assisted summary.

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.

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Gold cools from record highs on profit-taking, focus shifts to US inflation data

Market 3 hr ago
This is an AI assisted summary.

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.

Donald Trump
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Louvre heist jewels stolen
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White House Diwali - Kash Patel shares video
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Trump lights Diwali diyas, Kash Patel says ‘honour to be 1st-gen Indian-American’

World News 5 hr ago
This is an AI assisted summary.

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.

Modi Trump Diwali wishes
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PM Modi thanks Trump for phone call on Diwali: ‘May our democracies stand united ‘

World News 4 hr ago
This is an AI assisted summary.

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.

PN Gadgil share price today, Nuvama on PN Gadgil
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Nuvama initiates coverage on this gold jewellery stock: 3 factors fuelling 31% upside

Market 4 hr ago
This is an AI assisted summary.

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 highlighted a case of an entrepreneur allegedly harassed by customs at Indira Gandhi International Airport in Delhi, stressing that “genuine entrepreneurs face harassment frequently”.
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WinTrack highlights case of entrepreneur harassed by customs at Delhi Airport

India News 4 hr ago
This is an AI assisted summary.

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. 

The American Airlines flight had travelled only 40 miles into the 1,300-mile journey before it made a U-turn and made an emergency landing in Omaha, Nebraska.
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US pilots lose contact with crew, make emergency landing after banging on cockpit door

Business 5 hr ago
This is an AI assisted summary.

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.

Delhi AQI
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Nellore on high alert amid heavy rain; schools, anganwadis to remain closed today

India News 5 hr ago
This is an AI assisted summary.

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.

dude box office collection
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Dude Box Office Day 4: Pradeep Ranganathan-starrer crosses Rs 60 crore mark worldwide

Life 5 hr ago
This is an AI assisted summary.

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.

Thamma Box Office Collection Day 1 ayushmann khurrana rashmika mandanna
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Thamma Box Office Day 1: Horror comedy becomes Ayushmann Khurrana’s biggest opener

Life 5 hr ago
This is an AI assisted summary.

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.

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Walmart Pulls Back on H-1B Jobs Amid Trump’s Costly New Visa Policy
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‘We’re doing very well’: Trump confident about upcoming trade talks with Xi Jinping

World News 5 hr ago
This is an AI assisted summary.

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.

Paul Ingrassia
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Expect loan, deposit growth at 18-20% in FY26: DCB Bank MD

Business 14 hr ago
This is an AI assisted summary.

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.

Auto sales soar this Diwali
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Over half a million cars sold in a month since GST 2.0

Business 14 hr ago
This is an AI assisted summary.

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.

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Tata Trusts: Battle won, the real war lies ahead

Business 14 hr ago
This is an AI assisted summary.

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 flight from Madurai to Chennai experiences windshield crack mid-air
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IndiGo to resume flights from Delhi Airport’s T2 from Oct 26

Business 15 hr ago
This is an AI assisted summary.

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.

Maitreyi Ramakrishnan university
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Tamil Netflix icon graduates from top-ranked Canada university — Where, what she studied

Lifestyle 15 hr ago
This is an AI assisted summary.

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.

Pierre Hotel , which is managed by India’s top hotel brand Taj Hotels, could potentially go for a sale.
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Hoteliers bet on mid-market  segment with big investment

Business 14 hr ago
This is an AI assisted summary.

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.

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Coca-Cola sees Q3 volume decline in India due to rains

Business 16 hr ago
This is an AI assisted summary.

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.

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Explainer: How revised legal pay for workers is overdue

Opinion 16 hr ago
This is an AI assisted summary.

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 Indian economy has so far exhibited resilience, driven by a focus on strong and durable macroeconomic fundamentals
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Higher small savings rates hamper monetary transmission: RBI bulletin

Business 16 hr ago
This is an AI assisted summary.

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.

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BigBasket nears q-commerce pivot, phases out dual-store model

Business 16 hr ago
This is an AI assisted summary.

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.

India's Steel Safeguard Duty Curbs Imports, Boosts Domestic Makers Amid Global Turmoil. (Image Source: Freepik)
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Core sector growth slows to 3-month low of 3%

Business 17 hr ago
This is an AI assisted summary.

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.

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Food Corporation of India, FCI, economy, MSP, minimum support price
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Brisk start to FCI’s paddy procurement drive

Policy 16 hr ago
This is an AI assisted summary.

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.

Digital Lending Push: Govt Nudges PSBs to Raise MSME Loan Limit to ₹1-2 Crore.
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Banks’ interest in loan against shares set to rise    

Business 17 hr ago
This is an AI assisted summary.

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.

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Insolvency law for urban bodies in the works

India News 14 hr ago
This is an AI assisted summary.

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.

Markets today at open, October 20
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Nifty hits new 52-week high

Market 12 hr ago
This is an AI assisted summary.

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.

Market Data
Market Data