LeBron James has been dragged into a massive NBA scandal involving two gambling operations, with over 30 people arrested and prominent players. While James himself is not involved, his long-running ties with Jones have made him a focus of the issue. The scandal involves rigged poker games and leaking insider information about NBA stars, with the Mafia allegedly involved as well.
Hindustan Unilever's share price dropped by 3% due to the impact of GST transition and prolonged monsoon on its performance in the quarter. However, most brokerages maintain a Buy rating with a target price of Rs 3,050-3,200 per share, citing new launches and supportive macroeconomic factors as drivers for growth.
The IMF has advised Asia to decrease non-tariff barriers and promote regional trade integration to minimize the impact of US tariffs and global financial instability. The region has seen a rise in intra-regional trade due to trade conflicts with the US and investments in AI. Lowering non-tariff barriers and pursuing wider trade agreements could bring significant advantages.
IMD issues warning for South India as intense weather activity is expected from October 24 onwards. Heavy rainfall, thunderstorms, and lightning predicted due to a low-pressure system developing in the Bay of Bengal. Tamil Nadu, Andhra Pradesh, Telangana, Kerala, and Karnataka to experience wet conditions. Fishermen advised to stay away from the sea.
23-year-old actress Isabelle Tate, known for her role on '911: Nashville', passed away from complications of Charcot-Marie-Tooth disease, a rare neuromuscular disorder. Despite her disability, she was a talented actress who inspired others. CMT affects peripheral nerves, causing weakness and loss of sensation in limbs.
The Defence Acquisition Council has approved new procurement proposals worth Rs 79,000 crore, benefiting listed companies like Bharat, Cochin Shipyard, and Mazagon Dock Shipbuilders. The approvals promote local production and reduce dependence on foreign suppliers, with a 15-year roadmap for advanced capabilities. This highlights the high-growth phase of the defence sector.
The Trump administration's new H-1B visa policy, which includes a $100,000 fee for new applicants, is facing legal challenges. The White House says it will benefit American workers and prevent fraud, but the US Chamber of Commerce and a coalition of unions argue it is unlawful and will harm businesses. Tech giants like Amazon, Microsoft, and Google are expected to be impacted.
Midwest, a quartz processing company, had a successful IPO on Indian bourses, with its shares listing at a premium of 9.4%. The IPO was oversubscribed 92.36 times, with strong demand from retail and institutional investors. The company plans to use the proceeds for investments, capital expenditures, and solar integration.
US President Donald Trump pardoned Binance founder Changpeng Zhao after arguing his actions were not criminal. Trump stated he had never met Zhao but was acting on the recommendation of "very good people". Zhao served as the CEO of Binance before he stepped down in 2023 after the company pleaded guilty to violating US anti-money laundering laws and agreed to pay a $4.3 billion fine.
A 21-year-old Indian trucker, Jashanpreet Singh, who entered the United States illegally, has been charged with vehicular manslaughter after a devastating crash in Southern California that left three people dead and four others injured.
Indian equity benchmarks, Sensex and Nifty, started Friday's session with a slight decline. The Nifty Bank index also opened higher. Traders are eyeing Nifty's record high and are hopeful for US tariff cuts on Indian imports. However, oil prices, US-China trade tensions, and FIIs turning net sellers could cap the upside.
Indian-American Congressman Krishnamoorthi warns that China's new K visa program will harm the US economy and drive away talented individuals. He criticizes the Trump administration's crackdown on H-1B visas and highlights the importance of immigrant talent for America's economic growth.
"Dude", directed by Pradeep Ranganathan, has become a major hit for Tamil cinema, grossing Rs 56.55 crore in its first week and on track to reach Rs 100 crore. The film's success follows Ranganathan's previous blockbusters "Dragon" and "Love Today". Despite facing competition from Bollywood's "Thamma", "Dude" has maintained steady collections and attracted audiences.
Trump announced on social media that he is halting all trade talks with Canada due to their recent ads protesting US tariffs, which he deemed as "egregious behavior" to sway court decisions. This follows Canadian Prime Minister Mark Carney's plan to increase exports to non-US countries in response to Trump's tariffs.
Russian President Vladimir Putin has declared that he will never succumb to pressure from the US or any other foreign power. He has also warned of a strong response to any military strikes on Russia. Meanwhile, US President Donald Trump has imposed sanctions on Russia's top oil companies, leading to a rise in global oil prices and India considering cutting imports.
Indian-American policy expert Ashley Tellis, arrested for allegedly retaining classified information, has been released on a $1.5 million bond and placed under home detention due to his cardiac issues. The FBI found no evidence of wrongdoing in his acceptance of small gifts from foreign officials. His next hearing is on November 4, with a possible 10-year sentence.
U.S. crude futures eased but remained on track for a weekly gain as fresh sanctions on Russia's top oil companies over the Ukraine war sparked supply concerns. Chinese state oil majors suspended Russian oil purchases, while India plans to cut imports. OPEC is ready to offset any shortage, and Trump and Xi's upcoming meeting adds to trade tension concerns.
Ayushmann Khurrana and Rashmika Mandanna's horror-comedy, Thamma, produced by Maddock Films, has become the studio's biggest opener since Stree 2, earning Rs 55 crore in just three days. The film's mix of humour and horror has led to a strong opening day of Rs 24 crore. Reviews have been mixed, with some praising the film's unique concept and others criticising its weak storytelling
The White House East Wing, known for its historical significance, has been torn down to make room for a new ballroom, costing $300 million. President Trump and his associates are funding the project, causing criticism from preservationists. Despite concerns, the White House defends the decision, citing the tradition of adding to the Executive Mansion.
The EU has imposed sanctions on 45 companies, including three Indian firms, for their alleged involvement with Russia's military. These measures are part of the EU's efforts to pressure Moscow for its invasion of Ukraine. The sanctions will result in tighter export restrictions for goods with dual civilian and military use. This is the 19th round of sanctions.
Major announcements in defence, pharma, and manufacturing sectors are expected to drive market action on October 24. The Sensex and Nifty closed on a muted note, while several key companies such as Cipla, Caplin Point, Laurus Labs, Premier Energies, Kaynes Technology, Welspun Enterprises, and Hero MotoCorp are likely to be in focus.
President Trump plans to address China's alleged role in fentanyl smuggling through Venezuela during his meeting with President Xi Jinping. He also intends to impose tariffs and target drug cartels in Venezuela to combat the US drug crisis. Trump is hopeful that these actions, along with the meeting, will reduce the number of overdose deaths in the country.
The Bihar Assembly election, held in two phases on November 6 and 11, has all 243 constituencies up for grabs. Political excitement is high as the NDA and INDIA blocs compete for votes. Nitish Kumar's NDA relies on its strong alliance and dual-engine government, while Tejashwi Yadav's INDIA bloc prioritizes social justice.
Team India bounces back with a commanding 53-run (DLS method) win over New Zealand, securing a spot in the semi-finals of the Women's World Cup. Renuka Singh reaches 100 wicket milestone across formats, while Pratika Rawal and Smriti Mandhana's centuries lead India to their highest ever total of 340/3. New Zealand's chase falls short despite valiant efforts from Brooke Halliday and Isabella Gaze.
Sandeep Yadav, head of fixed income at DSP Mutual Fund, predicts that the Reserve Bank of India's accommodative stance, potential trade deal with the US, and reduced fiscal concerns will lead to a decrease in government bond yields. He advises investors to consider gilt funds to benefit from this trend.
The recent GST rate cut has led to an increase in auto sales, which in turn is expected to boost motor and health insurance premiums. The Managing Director of Cholamandalam MS General Insurance predicts a rise in premiums due to higher vehicle sales. However, the industry still faces challenges, such as the high number of uninsured vehicles.
Eli Lilly and Cipla have partnered to bring tirzepatide, a weight-loss drug, to India under the brand name Yurpeak. The drug will be available in a convenient once-weekly pre-filled injector pen with various dose options. This collaboration aims to improve access to the drug and combat the rising rates of type 2 diabetes and obesity in India.
Indian refiners, led by Reliance Industries, will decrease imports of Russian oil due to US sanctions on state-run oil giants Rosneft and Lukoil. RIL, the biggest buyer of Russian crude in India, will have to stop importing under its long-term deal. Other private sector buyers, like Nayara Energy, will also have to adjust their purchases.
OpenAI has rolled out a new internet browser called Atlas that integrates directly with ChatGPT. Browsers have always been silent enablers — the pipes through which we reach the internet.
A video exposed a daring theft at the Louvre Museum's Apollo Gallery, where two thieves used a ladder and a delivery basket to steal 88 million euros worth of jewellery. The thieves were calm and had an accomplice waiting at the bottom of the ladder. The museum's director has resigned, admitting to a security flaw that aided the thieves in avoiding detection.
Even as the government’s proposal to mandate labelling of AI-generated content has drawn broad approval for its intent, analysts are not sure whether such a system can truly be foolproof.
Hindustan Unilever (HUL), the country's largest consumer goods company, under the leadership of CEO & MD Priya Nair, will focus on four key areas to drive its next phase of growth. These include consumer cohorts, modernizing brands, transforming marketing and sales, and investing in future channels.
Benchmark equity indices, including Sensex and Nifty, closed higher for the sixth consecutive session after giving up early gains due to profit booking. The optimism over a potential trade deal with the US and improved sentiment towards IT stocks, following President Trump's softer stance on H1B visas, boosted the market.
Hindustan Unilever (HUL) reported a 3% rise in standalone net profit for the second quarter, with revenue remaining flat due to GST rate changes and rainfall disruptions. On a consolidated basis, net profit rose 4% and revenue grew 2%. The company's underlying sales and volume growth were at 2%, with Ebitda margins narrowing.
Hero MotoCorp has made its debut in the UK market by teaming up with MotoGB and introducing the Hunk 440 motorcycle for £3,499. The bike boasts a powerful engine, dependable performance, and sleek design, along with advanced features like dual-channel ABS and all-LED lighting.
Colgate-Palmolive (India) reported a 17% decline in net profit for the September quarter due to GST-led disruptions. Revenue also saw a 6.3% decrease. The company's performance was below expectations, with a decline in both topline and bottomline. Despite this, investors remained optimistic and the company declared an interim dividend for 2025-26.
India's payment landscape is evolving, with a surge in digital transactions across all sectors. The Reserve Bank of India's latest report shows a considerable increase in debit and credit card usage, PoS terminal transactions, and QR code-based payments. This shift is fueled by a decrease in paper-based methods like cheques, pointing towards a move towards a cashless economy.
The 2025 Korea Popular Culture and Arts Awards celebrated 31 outstanding individuals and teams in entertainment. Hosted by Kim Min Kyu and Park Sun Young, the event featured a performance by BEBE. Industry veteran Kim Hae Sook received the top honor, while late comedian Jeon Yoo Sung was remembered. K-pop star G-Dragon also made history as the youngest recipient of the Jewel Order.
Maruti Suzuki's market share has reached a record low of 38.8% in H1FY26, despite releasing new models. Entry-level car sales have declined as customers turn to the pre-owned car market due to increased costs. However, the company's market share may improve with the introduction of the first electric SUV and the recent GST reduction on small cars.
Despite excess monsoon rainfall causing damage to standing crops in key kharif crop-growing states, the overall impact on the country's crop output is predicted to be minimal. Crisil forecasts a successful harvest if there are no adverse weather events and a healthy upcoming rabi season.
L&T, a leading engineering and construction company, is redirecting its attention to hydrocarbon, renewable energy, and power transmission in the energy sector following the sale of non-core assets.
The Indian government has taken action after the deaths of 25 children due to contaminated cough syrup. The Central Drugs Standard Control Organisation has upgraded its online portal to monitor the supply chain and high-risk solvents used in manufacturing. Manufacturers must now register and submit data on each batch of solvents sold.
The Kia Syros and Skoda Kylaq were highly anticipated and received 40,000 bookings. However, the Skoda Kylaq has maintained steady sales while the Syros has seen a decline due to Kia's pricing strategy. Skoda's balanced pricing has led customers towards its competitor, the Sonet. U
The Unified Pension Scheme (UPS) has only been chosen by 4% of central government employees, possibly due to lack of awareness and resistance from certain staff. While UPS offers guaranteed pension and payouts to spouses, the obligation to invest in annuities has deterred some employees. The government is looking into providing additional retirement benefits to make UPS more appealing.
The Indian government is speeding up its National Data Centre Policy to meet the rising need for digital and AI computing power. The policy aims to simplify regulations and improve coordination between ministries to encourage private investments in data centres.
The wealth management industry in India is rapidly growing, with a projected size of $2.6 trillion. This has led to a high demand for experienced relationship managers, causing firms like InCred Group, 360One, and ASK Wealth to hire hundreds of RMs.
The government's food subsidy budget for FY26 is projected to increase by 10-15% due to rising grain stocks and the costs of distributing free grains to 810 million people under the PM Garib Kalyan Anna Yojana. The FCI has revised its projected expenditure to Rs 1.7 lakh crore for 2025-26 and has received Rs 75,921 crore from the finance ministry.
The government will launch a credit guarantee scheme for MSMEs in the next quarter to assist them in dealing with US tariffs and other challenges. The scheme will cover 100% of loans given by lenders, excluding deliberate defaulters. The ECLGS has been successful in improving asset quality and reducing loan defaults. The formalization of MSMEs has also aided banks in accessing reliable data.
Rural India's spending power has significantly increased in the past decade, surpassing the urban segment. The Monthly per capita expenditure (MPCE) in rural areas has tripled, indicating a shift towards more aspirational consumption. The gap between rural and urban spending has also narrowed, with a decrease in the share of food expenses for both sectors.
The Kerala government has launched 'Vision 2031' to transform the state into a major industrial hub and top investment spot. Structural reforms, industrial corridors, and innovation hubs will be set up to boost the secondary sector.