India's forex reserves increased by $4.496 billion to $702.28 billion, with gold reserves rising. Foreign currency assets decreased by $1.692 billion to $570.411 billion. The value of gold reserves jumped by $6.181 billion to $108.546 billion. The Special Drawing Rights (SDRs) increased by $38 million to $18.722 billion
Greaves Electric Mobility (GEM) has surpassed Ola Electric in electric two-wheeler sales, causing Ola to drop out of the top five for the first time. GEM's Nexus scooter was the driving force behind their recent sales surge, while Ola Electric struggles with customer complaints about after-sales service. TVS Motor is now the top seller, with Ather Energy and Hero MotoCorp following closely behind.
The ED has arrested Amar Nath Dutta, the third person in a money laundering investigation involving Reliance Power. The case involves a fraudulent bank guarantee issued to SECI on behalf of Reliance NU BESS Limited. Dutta, a resident of Kolkata, is accused of providing fake bank guarantees. Anil Ambani has been summoned for questioning, but Reliance Power has clarified that he is not involved.
India's target of achieving 500 GW of renewable energy by 2030 has led to a strain on grid operations and increased power supply costs. Despite reaching 50% of its installed electricity capacity from renewable sources, transmission plans are based on potential rather than actual capacity, causing high charges and uncertain grid absorption.
Passenger Sampa Kabwela faced a nightmare while trying to board her flight to Dubai from Heathrow Airport. Despite not needing a UAE visa for a layover, she was barred from flying and later charged £457 (approx Rs 53k) for a "no show". She accused the airline of power abuse and said that she would never fly Qatar Airways again.
State-owned PFC reported a 9% increase in consolidated net profit for Q2FY26, with total income rising to Rs 28,901.22 crore. The company declared an interim dividend of Rs 3.65 per share, bringing the total for FY2025-26 to Rs 7.35 per share. Key highlights include a 17% increase in consolidated PAT and a 10% growth in the consolidated loan asset book.
Zohran Mamdani made history by becoming the first Indian-American mayor of New York City, with his victory at the mayoral elections on November 4. His walk-off to the Bollywood song "Dhoom Machale" after his winning speech added to his brand identity as an "icon for Gen Z." However, his anti-Modi stance and controversial comments have caused a rift, with Yash Raj Films not capitalising on it.
Rashmika Mandanna impresses with her outstanding performance in The Girlfriend, a touching love story directed by Rahul Ravindran. The film has received praise for its emotional depth and soulful music. Rashmika shines as Bhooma, a student who falls for the possessive Vicky, played by Dheekshith Shetty. The film's powerful performances and thought-provoking plot have captivated audiences.
Motilal Oswal initiates coverage on Waaree Energies with a Buy rating and a target price of Rs 4,000 per share, expecting a 19% upside. The company's growth drivers include emerging verticals like battery energy storage systems, EPC, and green hydrogen. The government's supportive policies and the company's plans to expand its capacity also contribute to its positive outlook.
Zarine Khan, wife of actor Sanjay Khan, died at 81 due to age-related illnesses. She leaves behind her husband and four children. Zarine was a model and actress before becoming an interior designer. Her daughter, Farah Ali Khan, honored her for her loving and giving personality. Celebrities have gathered to pay their respects.
Hindalco Industries, a leading aluminium and copper producer in India, reported a 21.28% rise in consolidated net profit to Rs 4,741 crore in Q2FY26. The company's revenue also increased by 13.5% to Rs 66,058 crore, driven by strong performance in the India business and resilient performance by Novelis. The company also announced the second phase of its Aditya Aluminium expansion project.
The ED has arrested Amar Nath Dutta for aiding in the issuance of a fake bank guarantee worth Rs 68 crore in connection with a money laundering probe against Reliance Power. The case involves a bank guarantee submitted by Reliance NU BESS Ltd. to SECI, resulting in a loss of over Rs 100 crore.
The 2025 Bihar assembly election was marred by controversy when a JDU leader's daughter was caught on camera switching fingers while showing her inked finger. The video went viral on social media, raising questions about possible double voting. The Election Commission has not yet addressed the issue. Phase 1 of voting took place on Nov 6, with phase 2 scheduled for Nov 11.
Mumbai, the bustling city of dreams, has been named the happiest city in Asia by Time Out. The survey, based on insights from 18,000 locals, praised Mumbai's vibrant lifestyle, sense of community, and entertainment options. The city's street food culture and optimistic attitude towards achieving goals were also noted. However, the report has faced criticism from the internet.
British national Fitz Patrick escaped deportation at Delhi's IGI Airport on October 28, leading to coordinated search efforts across Delhi. He managed to leave the airport after completing mandatory processing and missed his connecting flight to London. Multiple teams are working to locate him, while a technical issue in the ATC system caused delays for over 100 flights at the airport.
Soumith Chintala, an Indian AI pioneer, is leaving his role as co-creator of PyTorch at Meta after over a decade. He is grateful for the friendships and impact he has made, and plans to pursue something small and curious.
Startup CEO questions the purpose of IPO billboards along highways and in crowded markets, tagging them as "roadside absurdity" and urged traffic police to take action. He suggested using QR codes for statutory disclosures and points out the safety concern of reading billboards while driving.
KPI Green Energy reports strong Q2 results with a 67% YoY rise in net profit to Rs 116.6 crore and a 77.4% YoY increase in revenue to Rs 641.1 crore. The company also announces a second interim dividend of 5%, translating to Re 0.25 per equity share. Share price rises to Rs 527.35 in Friday's trade, with a market cap of Rs 10,090 crore.
Hindu American Foundation condemns Republican politician for "anti-Hindu" comments about Hanuman statue in Texas. Criticizes Republican Party of Texas Chairman for not denouncing offensive remarks about Hindu faith. Indian-American community disappointed with party's failure to acknowledge wrongdoing. Debate ensues as HAF warns against supporting such candidates.
India's automobile retail industry achieved record-breaking sales in October, with a 40.5% year-on-year increase, driven by GST reform, festive and rural demand. The 42-day festive period saw a 21% YoY growth, making it the strongest in India's automotive history. The momentum is expected to continue, fueled by GST 2.0 and positive dealer outlook.
PM Modi commemorates 150 years of 'Vande Mataram' and its role in India's freedom struggle. He highlights its relevance in every era and urges the current generation to understand its significance in nation-building. He also mentions the removal of stanzas in 1937, which, he said, sowed the seeds of partition. PM Modi also reiterates the dream of a developed and self-reliant India.
Tech stocks, including Nifty IT, saw a sharp decline with all 10 constituents trading in the red. The US AI bubble losing steam, strengthening of the US dollar, and FII selling are seen as key reasons for the market trend. Despite DII buying, the market continues to drift down due to sustained FII selling and shorting strategies.
A German nurse has been sentenced to life in prison for murdering 10 patients and attempting to kill 27 others. He injected elderly patients with sedatives and painkillers to reduce his workload during overnight shifts. The court deemed his actions to be of "particular severity" and he may not be eligible for early release after serving 15 years.
Tenneco Clean Air India, a subsidiary of US-based Tenneco Group, is launching its IPO on November 12 with a price band of Rs 378-397 per share. The company, known for its clean air and powertrain systems, has revised the issue size to Rs 3,600 crore and expects to be listed on November 19. Tenneco operates in India and is set to make a public debut next week.
MCX's share opened in red, but gained over 1% in afternoon trade after reporting a 29% rise in Q2 profit and 31% increase in revenue. The company faced a technical glitch but has taken steps to prevent recurrence. MCX operates only in the commodity exchange segment and has total assets of Rs 2,643.3 crore.
PM Narendra Modi celebrated the 150th anniversary of Vande Mataram by releasing a stamp and coin and leading a nationwide recitation. He described it as a prayer to Mother India and a symbol of national pride and unity. The song, written in 1875, played a crucial role in India's freedom movement and was officially adopted as the national song in 1950.
The Supreme Court has issued notices to the Centre and DGCA on a plea for an independent probe into the Air India plane crash. The pilot's father was assured that his son is not at fault and foreign media was criticized for reporting otherwise. The preliminary report does not suggest any fault on the pilot's part, the SC said.
Chinese astronauts Chen Dong, Chen Zhongrui, and Wang Jie were stranded in space after their return journey was delayed due to suspected space debris impact. This incident draws parallels to NASA astronaut Sunita Williams' extended stay in space, which ended with Elon Musk's SpaceX coming to the rescue. Netizens are now calling on Musk and SpaceX to potentially assist again.
Gen Z is challenging societal norms by taking a break from technology and embracing the 'Gen-Z timeout' trend. This has sparked a debate on its effectiveness and whether it's a form of meditation. Some criticize the generation for being lazy, while others understand their constant need for stimulation. This trend highlights the struggle of Gen Z with technology addiction
UpGrad is set to acquire Unacademy for a deal worth $300-400 million, according to Moneycontrol. The deal will see Unacademy's language-learning app, AirLearn, spun off into a separate entity while UpGrad will acquire the core test-prep business. Unacademy is currently an attractive buy with Rs 1,200 crore in cash reserves and reduced cash burn.
Delhi Traffic Police issues advisory for Vande Mataram celebration, warns of major congestion and diversions in central Delhi. 11,000 invitees expected in 1,000 cars and 300 buses. Multiple key routes likely to be affected, entry to Indira Gandhi Stadium through specific gates. Parking prohibited on major adjoining roads, violators to face legal action.
Indian student Ajit Singh Chaudhary, studying in Russia, went missing and his body was found near a dam after 19 days. The Indian Embassy and former Union Minister Jitendra Singh Alwar have requested for urgent assistance from EAM S Jaishankar. The All India Medical Students' Association has also requested for help in bringing Ajit's body back to India.
The Supreme Court has ordered state authorities to move stray dogs from educational centres and hospitals to designated shelters. They must also prevent stray dogs from entering government and private institutions. The dogs should not be released in the same location and highways must be cleared of stray animals. NHAI must also remove cattle from highways and expressways.
Mammootty's Bramayugam, a horror film set in 17th-century Malabar, will represent India at the Academy Museum's film series in Los Angeles on February 12, 2026. Directed by Rahul Sadasivan, the film earned critical acclaim and grossed over Rs 85 crore globally. It can also be streamed on OTT platforms. The Academy Museum, the first of its kind in the US, will showcase the film.
IvyCap Ventures, a homegrown venture capital firm, believes that deeptech and emerging technology sectors like robotics, IoT, spacetech, defence tech, biotech, and AI models hold great potential for future growth. With plans to make 8-10 more Series A investments by FY26, the firm has already invested Rs 600-700 crore this year. Their investment approach is centered around the founder.
The Centre is set to release a draft policy on Sustainable Aviation Fuel (SAF) and aims to achieve 1% blending in jet fuel by 2027, 2% by 2028, and 5% by 2030. Private players are encouraged to participate in production. India has the potential to become a global leader in SAF production, which could benefit farmers, reduce crude oil imports, and create green jobs.
Former NFL star Antonio Brown has been extradited to the United States from Dubai for his alleged involvement in a Miami shooting incident. He is facing a charge of second-degree attempted murder and has been identified as the May 17 "shooter" by the Miami Police Department. Brown claims he was "jumped" and has CTE, but authorities had issued an arrest warrant for him in June.
The new release Haq, starring Emraan Hashmi and Yami Gautam, has received critical acclaim for its powerful portrayal of the Shah Bano case. The film tackles themes of social injustice and the gendered experience of marriage, with Gautam's performance being praised as award-worthy. Despite its serious subject, Haq has sparked important discussions about the legal system's current state.
The final season of Stranger Things has officially begun with world premieres and the cast, including Millie Bobby Brown and David Harbour, shared a warm embrace on the red carpet, putting to rest rumors of bullying and harassment. The Duffer Brothers also released the first 5 minutes of the final season, taking fans back to Hawkins.
Banks are optimistic about credit growth in the retail, agriculture, and MSME sectors due to sustained demand and government support. Data from the Reserve Bank of India indicates a rise in credit to these sectors, leading to a renewed focus on productive sectors. Lenders are revising their guidance for the RAM segment and see potential for growth in retail and MSME segments.
Arindam Mandal, Head of Global Equities at Marcellus Investment Managers, advises investors to prioritize the consumption basket, future liability, and diversification when allocating to global markets. He oversees the Global Compounders Fund with Rs 300 crore AUM, which mainly consists of U.S. and European equities of strong companies facing cyclical challenges.
Studds Accessories, India's largest two-wheeler helmet company, made its debut on the NSE at a 3.4% discount to the issue price of Rs 585. The company raised Rs 455.59 crore through its IPO, with a lot size of 25 shares for retail buyers and minimum investments of Rs 2 lakh and Rs 10 lakh for small and big NIIs. IIFL Capital Services and other firms were the lead managers for the IPO.
The upcoming Lenskart IPO has sparked concerns about its valuation, with a high price-to-earnings ratio and sales multiple. Experts have mixed opinions on its potential success, with some considering it overpriced while others see long-term profitability. With its listing on November 10, the market is eagerly watching to see if it will experience a surge or a decline.
The Blaze fired journalist Matt Forney for reportedly making anti-India and racist comments on social media. Forney claims he was terminated for his "concerning" tweets, but was not given specific examples. He was hired by the outlet less than a week ago to report on H-1B and Indian issues.
Indian-origin techies Varun Vummadi and Esha Manideep made headlines this week for raising $61 million in funding for their San Francisco-based AI startup Giga. The duo, who graduated from IIT Kharagpur in 2019-2023, started Giga in their college dorm and have since been named in Forbes 30 Under 30 Asia list. D
Indian equity indices opened lower on Friday, with NSE Nifty 50 and BSE Sensex down by 0.49% and 0.52% respectively. Bank Nifty also opened lower by 0.35%. Despite DIIs buying more than FIIs selling, the market continues to drift down. The success of FIIs' sustained selling and shorting strategy has emboldened them to continue, with no immediate triggers for a trend reversal.
Infosys, the IT giant, has set November 14 as the record date for its Rs 18,000 crore share buyback. The promoters, including Nandan Nilekani and Sudha Murty, will not participate. The buyback will be conducted through the tender offer route at a 19% premium over the current market price. Small investors have a reserved 15% allocation.
WBBSE has mandated state sponsored/aided schools to include 'Banglar Mati, Banglar Jal' in morning Assembly. Written by Rabindranath Tagore, it will be the state anthem from 2023. Education Minister Bratya Basu believes it will promote unity and awaken Bengali sentiments. This move is seen as a way to prepare for upcoming events.
Sulakshana Pandit, a renowned actor and singer, died at 71 from a heart attack. She was known for her iconic roles in movies like Uljhan and her melodious singing in various languages. Born in 1954, she came from a musically gifted family and is survived by her siblings. Fans paid tribute to her unforgettable contributions to the industry.
Nancy Pelosi, the first female Speaker of the U.S. House of Representatives, will not run for reelection in 2026. Her decision follows a redistricting plan in California to secure Democratic control in the upcoming midterm elections. Pelosi, a progressive icon, has been a fierce opponent of former President Trump. Her retirement was unexpected.
Bharti Airtel's foreign promoter Singtel will sell 0.8% stake in the Indian telco for Rs 10,300 crore through a block deal on Friday. This will be executed at a floor price of Rs 2,030 per share, with JP Morgan India as the placement agent. The transaction, expected to settle on November 10, includes a lock-up period of 60 days. Singtel's subsidiary, Pastel, is the largest foreign promoter in