Union Bank of India has revised its fixed deposit rates for general and senior citizen customers, effective from June 10, 2024. The rates range from 2.75% to 7.60% per annum for general customers and 0.5% to 0.75% extra for senior and super senior citizens. The highest tenure is 10 years with an interest rate of 5.25% for general customers and 6% for super senior citizens. The bank offers
Ather Energy, a Bengaluru-based EV maker, saw a net loss of ₹154 crore in Q2 FY26, down from ₹197.2 crore last year. However, total revenue rose by 57% to ₹941 crore due to increased sales and market share. Ather's new factory in Maharashtra has been delayed to October 2026. Margins improved despite higher expenses.
Novo Nordisk India and Emcure Pharma have joined forces to introduce Poviztra, the second brand of Wegovy, to India. This partnership aims to make the revolutionary semaglutide molecule more available to the significant number of obese individuals in India.
ONGC's net profit rose by 28% in Q2 of FY25-26, while revenue remained unchanged. The company declared an interim dividend of Rs 6 per share, totaling Rs 7,548 crore. It has also shown growth in production and is investing in deepwater exploration and renewable energy. Joint ventures with MOL for transportation of petroleum resources have been approved.
Tata-group firm Trent reported its slowest growth in at least sixteen quarters in Q2, triggering a meltdown on the bourses. The stock slumped over 7% as the company's Q2 topline growth came in at 11.3%, below its target of 25%. Brokerages have downgraded the stock citing competitive pressures and weak consumer sentiment.
Union Minister of Labour & Employment Mansukh Mandaviya will lead a meeting with state labour ministers to strengthen collaboration and accelerate progress in labour and employment reforms. The two-day conference will focus on launching digital tools, implementing the PMVBRY, and universalizing social security.
Varun Berry, the Executive Vice-Chairman, MD & CEO of Britannia Industries, has resigned after 11 years of service. His notice period has been waived off and Rakshit Hargave, who was set to join as executive director & CEO, will now take over as the CEO and MD.
Experts call for increased funding and measures to address climate change in agriculture. Suggestions include enhancing rural incomes and productivity, promoting climate-resilient practices, and utilizing technology. The government has approved a maize cluster in Uttar Pradesh and emphasized the need to hike urea prices, double research expenditure, and reconceptualize crop compensation schemes.
India has informed the WTO of its intention to levy reciprocal duties on US products in response to the US's 50% tariff on copper products. This would impact $182.54 million worth of US imports. India has suggested suspending concessions on US products to collect an equivalent amount of duty.
The unemployment rate in India has slightly decreased in Q2 of 2025-26, with improvements seen in rural areas for both genders. However, urban areas and the 15-to-29-year age group have shown a slight increase in joblessness. The survey also reveals a rise in Labour Force Participation Rate and Women's participation in the workforce.
Economists propose a comprehensive manufacturing policy for self-reliant growth, including revamping incentives, creating an AI ministry, and implementing a vacant land tax. Emphasis on shifting from imports to domestic production and investing in emerging technologies. Suggestions for a "plug-and-play" model to utilize vacant land.
Vodafone Idea's financial performance for the July-September quarter showed improvement, with a net loss of Rs 5,524 crore and a 1.6% increase in operating revenue. Lower finance costs and growth in data consumption and revenue contributed to the reduction in losses.
Sales of cold and cough syrups decreased by 2.4% in volume and Rs 6 crore in value in October, as safety concerns rose after children died from contaminated syrups. The central government's advisory against prescribing them to young children also contributed to the decline. In contrast, sales of solid solutions rose by 1.2%, indicating a preference for safer treatment options.
Experts say proper structuring and education are key for retail investors to be attracted to new bond market derivative contracts by SEBI and RBI. Institutional investors will dominate initially, but more products and education can deepen the market.
KPIT Technologies reported a decline in net profit for the September quarter due to losses from an associate company. Despite this, the company saw a 3.2% sequential growth in revenue and improved margins. The CFO mentioned that without the losses, the net profit would have been the highest ever.
Indian equities bounced back on Monday, ending a three-day decline, driven by optimism over a potential resolution to the US government shutdown and positive corporate results. The positive sentiment was also supported by gains in Asian markets, particularly in the IT and banking sectors.
Tata Trusts board to meet on Nov 11 to address former trustee Mehli Mistry's resignation and potential candidates to replace him. Trusts must also inform Charity Commissioner about Mistry's removal. His term ended on Oct 28 after three trustees voted against his reappointment. Mistry's letter aims to end speculation from media reports.
India and the UK will enhance their economic ties through a new Free Trade Agreement, focusing on AI, fintech, sustainability, and life sciences. London's deputy mayor and chair of London & Partners, Howard Dawber, emphasizes the city's attractive opportunities for Indian businesses, including joint drug trials and development.
India is using the 30th COP30 to demonstrate its success in meeting climate goals and attract global funding. Pragmatic energy transition through policy, technology, and determination has helped India achieve these goals ahead of schedule. However, challenges like grid integration, land acquisition, and domestic manufacturing need to be addressed through clear and stable policies.
Radisson Hotel Group is expanding its luxury portfolio in India, with plans to add properties in Noida, Hyderabad, and Bengaluru. They aim to double their portfolio by 2030, focusing on tier 2, 3, and 4 cities. The group is tapping into the demand for branded hotels in smaller cities for events and gatherings, with their fourth luxury property near Navi Mumbai International Airport.
The government has allowed 1.5 million tonnes of sugar exports for 2025-26, but profitability depends on global prices. The industry faces a potential stock increase due to a 16% production rise. Removing export duty on molasses is expected to improve cash flow and reduce excess stock pressure.
Lenskart's IPO saw a tumultuous start, dropping 11.5% before recovering and ending positively. The oversubscribed IPO valued the company at 235 times FY25 earnings and plans to use the funds for expansion, technology upgrades, and growth. It is the first of many unicorn IPOs, including Nykaa and Paytm, to list on the market.
Ather Energy and Hero MotoCorp's adoption of the battery-as-a-service model has boosted demand and sales for their electric two-wheelers. This model separates the battery from the vehicle, making ownership more flexible and appealing to price-sensitive buyers and commercial fleets.
Startup hiring on college campuses is on the rise, with a 20-30% increase in recruiters at top institutes for the Class of 2026. Sectors like quick commerce, food delivery, consumer tech, and e-commerce are driving this growth. Non-IIT institutes are also being targeted, making startups a shining light in a slow placement year.
In October, the non-life insurance industry's gross direct premium income was consistent at ₹29,617.60 crore. Public sector general insurers saw an 11% increase, while private insurers saw a 3% decline. Standalone health insurers experienced a 38% growth, attributed to the GST rate cut on individual health insurance.
The value of residential units sold in the top 7 cities is expected to grow by 19% this fiscal, reaching Rs 6.65 lakh crore. Despite a 14% decline in sales volume, the sales value has increased by 6%, driven by high-priced luxury and ultra-luxury homes. NCR and Chennai have outpaced other cities in terms of sales value, while MMR achieved 45% of its previous year's total sales value.
Dharmendra, veteran actor, is not critical or on a ventilator as confirmed by family sources. He was admitted to Breach Candy Hospital for a routine check-up and is under observation. Wife Hema Malini had reassured about his health. Dharmendra prefers to do all tests at once instead of daily commutes.
The success of digital adoption in healthcare through blockchain and IoT has been contrasted with its slow implementation in manufacturing and supply chain. A survey showed that only 10% of life sciences companies have adopted digital innovation in manufacturing, emphasizing the need for effective execution plans.
Lonvi Biosciences, a Chinese longevity start-up, has created anti-aging pills using a compound found in grape seed extract. These pills target zombie cells and could potentially extend human lifespan to 150 years. While America has long been obsessed with the idea of living forever, China is now joining in with rapid advancements in the field.
Delta pilot's heartwarming message to nervous flyers amid government shutdown goes viral. Over 10,000 flights were delayed and 2,700 cancelled on Sunday due to the shutdown. US Transportation Secretary warned of reduced flights during Thanksgiving season. Passengers and officials express frustration and anxiety over the situation.
Netflix co-founder Marc Randolph's 5 pm rule, where he spends Tuesday evenings with a friend, has kept him balanced and sane for 30 years. This ritual has gone viral and is scientifically proven to reduce stress and improve mood. Randolph believes in making time for important things like family and hobbies, which can greatly improve well-being.
Indian stock markets closed with gains as the Sensex and Nifty ended on a firm note. Top performers were Infosys, HCL Technologies, and TCS, while Trent and Mahindra & Mahindra faced challenges. Sugar stocks surged after export quota announcement, while Nykaa's parent company reported a significant rise in Q2 profit.
Indian-origin Congressman Ro Khanna has criticized Senator Chuck Schumer for being ineffective and called for his replacement. Khanna's comments have caused a stir as the US government shutdown continues and Democrats remain divided on a bill that excludes ACA benefits. Despite a compromise bill being introduced, Schumer and many Democrats have rejected it.
The American stock markets are on a high right now with AI investments soaring and the Trump administration fueling the cryptocurrency buzz. However, is the bull run soon coming to an end?
Several companies in India have recently reported net profits after experiencing losses, which can lead to long-term success and attract investors. However, sustained turnarounds over multiple quarters are a better indication of a company's success. Indian Oil Corporation, PVR INOX, Chennai Petroleum, Wockhardt, and India Cements are among the companies that have shown promising results.
China’s new K-visa, designed to pull in science and technology workers, is suddenly drawing attention from Indian professionals who once wanted to live the American dream. The visa comes at a moment when the US H-1B system is getting more restrictive and expensive under Donald Trump’s new immigration rules
The second phase of polling in the Bihar assembly election will take place on Nov 11, concluding the high-stake elections in the state. During phase 1, voting was held in 121 constituencies with 1,314 candidates in fray. The results will be declared on Nov 14, with a change in the counting process. The counting will begin at 8 am.
Jammu and Kashmir police recovered 350 kgs of explosives, an AK-47, and a large cache of ammunition from a hospital in Faridabad, Delhi-NCR. The seizure was made after arresting a Kashmiri doctor who supported a terror outfit. Police are interrogating the doctor and another hospital employee for their involvement in storing and facilitating weapons. An investigation is underway.
Jamie Dimon, the CEO of JPMorgan Chase, recently shared something surprising about the way he handles his phone at work. In short, he keeps it quiet, hidden, and mostly ignored. But that’s just the start of his views on focus, workplace distractions, and even work-from-home culture.
Rashmika Mandanna's latest film, The Girlfriend, had a slow start but gained momentum over the weekend due to her impressive performance. The film's unique portrayal of toxic relationships has received praise from both viewers and critics. Despite a lukewarm opening, it earned Rs 7 crore in just three days, thanks to Rashmika's star power and positive word of mouth.
BBC's top bosses Tim Davie and Deborah Turness resigned after criticism from Donald Trump over their editing style on a documentary about him. Davie, who served as director-general for five years, took responsibility for the BBC's imperfections. He started at the BBC in 2005 and officially became director-general in September 2020.
Trent, the retail arm of Tata Group, reported an 11% increase in net profit for Q2 of FY26. However, its share price dropped by 7% due to concerns about the Star business and muted consumer sentiment. Leading brokerages have a divided outlook, with Motilal Oswal predicting strong long-term potential and Nuvama remaining cautious. Trent's recent correction has made its valuation more reasonable.
The U.N. climate conference, known as COP, will take place in Brazil this year, addressing past promises and failures in meeting climate change goals. Small island states, developing countries, and China and Brazil will play key roles in filling the void left by the U.S. The summit will be a busy event, involving negotiations, pledges, and potential conflicts.
A Reddit user shared an incident of alleged workplace toxicity at an Indian company, where the employee had to continue working despite having a fever. The manager, instead of showing empathy, allegedly assigned more responsibilities. The Redditor said that he at least expected a "take care" message from the manager.
President Trump has nominated John Coale as special envoy to Belarus due to his success in negotiating the release of "100 hostages" and plans for 50 more. Coale's envoy duties started after a call from the US State Department in April. He is currently serving as a deputy special envoy to Ukraine as well.
Indian equity indices opened slightly lower on Monday, with the NSE Nifty 50 and BSE Sensex opening higher by 0.29% and 0.22%, respectively. The Bank Nifty also opened higher, while small and mid-cap stocks saw an increase. The Nifty Midcap rose by 0.30%. The Nifty index showed a strong recovery after testing previous support levels, and is expected to continue its upward trend with key gainers.
Nalin Haley, the 24-year-old son of former US ambassador to the UN Nikki Haley, has sparked a major debate with his comments on immigration and jobs in America. In an interview with UnHerd, he said the US should not only stop illegal immigration, but legal immigration too.
A SpiceJet flight from Mumbai to Kolkata made an emergency landing at Kolkata Airport, with all 170 passengers and crew members safely landing at Netaji Subhas Chandra Bose International Airport. The cause of the engine malfunction is currently under investigation.
Delhi's air quality remained in the "very poor" category on Monday, with some areas reporting "severe" pollution. CPCB data showed that most parts of Delhi had "very poor" air quality, while a few locations had "severe" levels. The AQI recorded at 8 am was 345, a slight improvement from yesterday's 391. Other cities like Jaipur, Lucknow, and Ahmedabad also had moderate air quality.
Berkshire Hathaway's shares saw a 4% increase before Warren Buffett's final annual letter as CEO comes out on Monday. The 95-year-old is set to retire this year and the letter is expected to cover philanthropy, performance, and a possible dividend announcement. Despite market uncertainty, the company's strong cash reserves and steady businesses make it a reliable option for investors.
A large pro-Khalistan rally in Canada saw hundreds of cars adorned with yellow flags and heard chants of "Khalistan Zindabaad" as protesters demanded the secession of Punjab from India. Social media users call for it to be declared a terrorist organization. Meanwhile, SFJ challenges Jaishankar, while Indians and Indian-origin individuals reject claims that the demonstrators are not truly Indian.