The CBDT has launched the second phase of "NUDGE" to combat tax evasion by targeting high-risk cases using Automatic Exchange of Information data. Taxpayers with foreign assets will receive alerts to review their ITRs, with non-compliance leading to penalties. The campaign involves large corporates and professional associations to raise awareness.
Former Google CEO Eric Schmidt has been accused by his ex-mistress and tech entrepreneur Michelle Ritter of sexual battery, harassment, and domestic violence. However, Schmidt denies these claims, accusing Ritter of lying. The two met through business and built a startup, but their relationship soured when Ritter claimed Schmidt became manipulative and abusive.
Mahindra & Mahindra aims to sell 7,000 electric vehicles per month by the end of the current fiscal year, with a target for EVs to make up 20-25% of its overall SUV portfolio by 2027-28. The company is expanding production and retail infrastructure to support this growth, and has already sold over 30,000 EVs generating Rs 8,000 crore in revenue.
UK steel tycoon Lakshmi Mittal, who has been a resident of the British Isles for 30 years, is reportedly planning to move to the ultra-luxurious Naia island in Dubai. The move is due to the UK government's decision to impose stricter wealth taxes on the ultra-wealthy.
SEBI Chairman Tuhin Kanta Pandey raises concern over unregistered advisory groups and dabba trading in new digital forms, emphasizes on stronger investor protection. SEBI has introduced measures like validated UPI handle framework, SEBI Check feature, and Spot a Scam tool to identify fraudulent schemes. Over 1 lakh misleading online content flagged
India's macroeconomic outlook for the second half of the financial year remains stable and resilient, with easing inflation, strong consumption, and steady policy support. The report highlights the positive impact of GST rationalisation on demand, and projects real GDP growth of 7-7.5% in Q2. Inflation is contained, and corporate performance remains healthy.
Benchmark equity indices hit fresh lifetime highs, surpassing previous peaks recorded in September 2024. Sensex jumps 446.35 points, breaching 86,000-mark for the first time, but later closes at 85,720.38. Domestic institutional investors have pumped in $104.1 billion while foreign portfolio investors have offloaded shares worth $28 billion in the past 14 months.
Indian banks have sanctioned loans worth Rs 34 lakh crore without collateral to 55 crore beneficiaries under the Pradhan Mantri MUDRA Yojana (PMMY). The scheme, launched in 2015, aims to fund the unfunded and has been enhanced to Rs 20 lakh. The government has launched a campaign to address unclaimed assets, including increasing the number of nominees per bank account to four.
Humayun Saeed, a successful actor and producer in Pakistan, has a net worth of $50 million. He is often compared to Bollywood star Shah Rukh Khan and has achieved fame through his production house, Six Sigma Plus Productions. Starting as a TV producer, Saeed has starred in numerous hit films and TV shows, including a recent sports reality show.
HAL, India's top defence aircraft manufacturer, has a robust order book and is a crucial player in the country's growing defence aviation industry. The recent crash of its Tejas Mk1 at the Dubai Air Show caused concerns, but Elara Capital assures minimal financial impact. Delivery of 83+97 orders for LCA Tejas Mk1A is unaffected. Fighter jet crashes are common globally, with over 100 incidents.
GMR Cargo and Logistics, a subsidiary of GMR Airports, has secured a term loan facility of Rs 750 crore from Axis Bank for its upcoming cargo city project at Delhi airport. To secure the loan, GMR Airports has provided a Sponsor Support Undertaking and a pledge on its shares. The company has also given an undertaking to prioritize repayment of the loan and infuse additional funds if needed.
India's Q2 GDP expected to be 7-7.5%, showing strong economy despite global challenges. GST rate changes boosted consumption, while lower inflation and exports shaped economic outlook. Government releasing data on November 28. GST reforms positively impacted spending during festive season. Uncertain external environment, but India's forex reserves hit record high.
The 2025 MAMA Awards in Hong Kong may be affected by a recent fire that claimed 55 lives. The event may continue on a smaller scale, without a live audience, or be postponed or aired in a pre-recorded format. The organizers are making changes to pay tribute to the victims.
PM Modi plans to open nuclear sector to private players, inspired by private space sector's success. He stresses on youth innovation and entrepreneurship for growth. This aligns with the goal to reach 100 GW nuclear power capacity by 2047. Atomic Energy Bill, 2025 to be presented in Winter Session of Parliament.
Red Chillies Entertainment has opposed Sameer Wankhede’s plea to take down Aryan Khan’s Netflix series Ba**ds of Bollywood, arguing in the Delhi High Court that the show is fictional satire and that Wankhede is “court shopping” by filing in Delhi despite both parties being based in Mumbai.
The VIP registration number HR88B8888 in Haryana has been sold for a record-breaking amount of Rs 1.17 crore, making it India's most expensive number plate as per several reports. The bidding started at a base price of Rs 50,000. The highest bidder, identified as Sudhir Kumar, has not yet chosen the vehicle for the number.
Indian truck driver Sukhjinder Singh has been detained by US Immigration and Customs Enforcement for unknown reasons, with little information on his immigration status. Singh's name was previously in the news for a fatal accident in January 2025. The case has gained attention as two other Indian truck drivers involved in fatal accidents this year were found to be illegal migrants.
The wedding of Indian cricketer Smriti Mandhana and music composer Palaash Muchchal has been postponed indefinitely due to developments. Rumors of cheating have arisen after Muchchal's flirtatious conversation with another woman went viral. However, the woman clarified that their interaction was innocent.
The Dalal Street marked a day of new records as the benchmark indices reached fresh highs after 14 months. The Nifty 50 surpassed the 26,250 level, its highest since September last year. In the past two years, the Nifty has risen over 2,500 points, with the latest record high of 26,310.45 on November 27, 2025. The index has come a long way since its inception in 1995.
Vodafone Idea Telecom Infrastructure, a subsidiary of Vodafone Idea, will raise 32 billion rupees through bond sales instead of 50 billion rupees, citing cheaper funding from lenders. The bonds will have a yield of 12% for two years and 14% for three years and two months. The company aims to complete the placement by December and use the funds for expansion.
India and the UAE discuss important issues such as market access and data sharing in their third Joint Committee meeting under the CEPA. They aim to boost non-oil trade to $100 billion by 2030 and have already seen a 19.6% increase. The meeting also addressed regulatory cooperation in pharmaceuticals and food safety.
The Supreme Court has directed comedian Samay Raina and three others to invite disabled individuals to their shows and raise funds for their treatment. They emphasized that this is a social responsibility, not a punishment. The court also addressed the issue of insensitive comments towards disabled people. The comedian had earlier apologized and removed all episodes of the show.
A fire at a public housing estate in Hong Kong has resulted in 55 deaths and displaced many residents. The cause is still unknown, but it may have started on bamboo scaffolding. One firefighter died during the rescue efforts. The estate was built in 1983 and has over 4,600 residents.
Disney's Zootopia 2 has shattered Box Office records with $10.2 million in preview ticket sales, surpassing Frozen 2's record. The highly-anticipated sequel is predicted to have a successful global run and has already received positive reviews with a 93% rating on Rotten Tomatoes.
The FDA has warned consumers about 19 types of cookware, mostly made in India, that may contain lead and can leach into food. This can lead to lead poisoning, with symptoms including abdominal pain and memory loss. Women of childbearing age and new mothers are at risk. The utensils were sold in several US states and the FDA has urged retailers to contact them with any concerns.
Indian regulators are considering revising strict regulations on exchange-traded currency derivatives after appeals from exchanges and traders. The Reserve Bank of India's rule requiring underlying exposures for derivative positions led to a drop in trading and an increase in offshore trading.
Dense fog at Bengaluru's Kempegowda International Airport caused delays for 41 flights on Thursday morning. The Indian Meteorological Department did not issue any warnings, but fog and low clouds made conditions difficult. The airport is expected to remain cloudy with temperatures between 18°C and 28°C. Volcanic ash and airspace restrictions have also caused recent disruptions.
Legendary actor Dharmendra passed away at the age of 90, leaving behind his wife Hema Malini and a legacy in the film industry. In an emotional note, Malini opened up about the huge void his death has created in her life and how he was more than just a husband to her. She also reflected on his cinematic achievements and the enduring fame he will always be remembered for.
SWREL has won a Rs 1,313 crore contract for a 240 MW solar project in South Africa, its second international order this fiscal year. With four projects in South Africa and a total of Rs 5,088 crore in EPC orders, SWREL is a leading provider of solar solutions with a portfolio of 22.8 GWp. The company's stock has also seen a surge in demand.
PM Modi inaugurated Skyroot's Infinity Campus in Hyderabad, unveiling their first orbital rocket, Vikram-I. The facility will have 2,00,000 square feet of workspace and can build one orbital rocket per month. Skyroot is India's leading private space company, founded by former ISRO scientists.
Indian stock market hits fresh lifetime highs as Sensex and Nifty reach new records after 14 months. Nifty jumps to 26,306.95, breaking a record set in September 2024, while Sensex crosses 86,000 mark for first time. Rally supported by global cues, expected interest-rate cuts, and consistent buying by Foreign Institutional Investors.
Despite having big stars, Bollywood has seen more misses than hits in November, with most movies performing poorly at the box office. While Ajay Devgn and Rakul Preet Singh's romcom has done decently, other films like Haq, The Girlfriend, Jatadhara, 120 Bahadur, and Mastiii 4 have failed to make a mark.
IMF projects 6.6% growth for India's economy in 2025-26, driven by GST reforms and low food prices. Structural reforms are crucial for India to achieve its goal of becoming an advanced economy. However, risks like weather shocks and geoeconomic fragmentation must be managed. IMF suggests fiscal consolidation, monitoring of GST and tax rate reductions, and targeted tariff relief to sustain growth.
Bollywood stars like Preity Zinta are making significant investments in the real estate sector, with buying and selling properties becoming second nature to them. Preity recently sold her Bandra apartment for a lower price than what she bought it for, following the trend of other celebrities like the Bachchans who are also actively involved in the real estate market.
An employee, who claims to be working at Meta, has expressed frustration online over hiring replacements after recent layoffs, saying they don't match the calibre of those let go. They added that the people they have been interviewing even fail to answer basic questions during interviews. The employee shared how they had to inform affected staff and how it "broke something" inside them.
India is considering Bangladesh's appeal to hand over ex-PM Sheikh Hasina, sentenced to death for riots. MEA assures to prioritize Bangladesh's welfare and collaborate with all involved parties. Extradition is an obligation under the current treaty. Bangladesh invites India's National Security Advisor, but MEA will address it later.
CarTrade Tech has decided to cancel its planned consolidation with Girnar Software, the parent company of CarDekho and BikeDekho. Both parties have agreed to not continue discussions at this time. CarTrade Tech will instead focus on improving its current portfolio and exploring other strategic opportunities.
Whirlpool of India's share price fell over 11% after reports of a large promoter stake sale at a steep 14% discount. The company's weak financial performance in Q2 also contributed to the decline. The stock has delivered negative returns of 8% in the last five days and 40% in 2025. The 52-week high for the company is Rs 1,981.10 and the low is Rs 899.
The highly anticipated release of Stranger Things Season 5 was marred by a temporary Netflix outage caused by eager fans. The new season features a major twist with the addition of Holly Wheeler as a main character, played by 14-year-old Nell Fisher. Holly is trapped in the Upside Down and her imaginary friend is revealed to be the villain.
USCIS halts immigration processing for Afghan nationals after near-fatal shooting of National Guard troops. Suspect identified as illegal immigrant Rahmanullah Lakanwal, who entered under Biden's refugee initiative. Trump vows to review immigration cases of all Afghans under Biden and remove those who don't benefit the US.
Paytm's parent company, One 97 Communications, saw a surge in its stock price after receiving a Certificate of Authorisation from the RBI to operate as a full-time Payment Aggregator. The company reported a decline in net profit in Q2 FY26, but still saw a 24.23% increase in revenue. The stock has seen a 49% increase in investor wealth in the last six months.
Cars24 CEO Vikram Chopra has called for the government to take strict action to control Delhi's deteriorating air quality, including limiting cars, diesel, and implementing the odd-even rule. In an opinion piece for IE, he highlighted the effects of pollution on his family's health and criticised the lack of discipline by Delhi residents who want clean air without sacrificing their lifestyles.
A massive fire in a Hong Kong apartment complex has left at least 44 people dead and 279 missing. Videos of the fire have gone viral, showing the devastating effects of the blaze. The fire, which lasted for over 18 hours, was finally contained by 800 firefighters. Three construction company officials have been arrested for gross negligence in the incident.
Indian equity indices opened higher and hit an all-time high, with the NSE Nifty 50 and BSE Sensex opening 0.06% and 0.09% higher, respectively. The Bank Nifty also opened higher, as did small and mid-cap stocks. The market is expected to continue its rally, supported by potential earnings growth in Q3 and Q4 of FY 26. Early gainers include Hindalco Industries and Tata Motors PV>
The Enforcement Directorate has arrested WinZO's co-founders in Bengaluru for money laundering in the online gaming industry. They were granted one-day custody and the agency has raided other offices for alleged algorithm manipulation and crypto links. Rs 43 crore is under scrutiny and the ED claims that refunds should have been made.
Bharati Chaturvedi, an environmental activist, was allegedly assaulted by an Uber driver in Delhi. Despite calling the police emergency helpline and Uber Safety, she received no response. Chaturvedi plans to file an FIR against the driver and Uber, expressing frustration with the lack of response from emergency services. Uber has taken action by removing the driver's access to the app.
University of Oklahoma professor Dr Vahid Abedini, with a valid H-1B visa, was detained by ICE while traveling to a conference. He was released three days later and spoke out about the "deeply distressing experience." He is a political scientist studying Iranian elites, holds a PhD in political science, and is currently working on two book projects.
Netflix disappointed fans as their highly-anticipated premiere of Stranger Things Season 5 crashed, despite a 30% increase in bandwidth. Social media was flooded with outraged reactions, while some had predicted the crash beforehand. This is not the first time Netflix has faced such an issue, as it also happened during the release of Stranger Things Season 4 in 2022.
Reliance Industries' highly anticipated IPO for Jio Platform is expected to launch in the first half of 2026. With a potential valuation of $170 billion, it will be one of the biggest IPOs from the Mukesh Ambani-led group since 2006. Jio's business growth is evident from its increasing ARPU and subscriber base, making it a lucrative opportunity for investors.
US President Donald Trump announced that South Africa will not be invited to the 2026 G20 summit in Miami due to accusations of human rights abuses against Afrikaners. Trump criticized the South African government for ignoring violence against white minorities and announced that the US will halt all payments and subsidies to Pretoria.