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KOSPI plunges 14.3% this week amid fading AI investment optimism
South Korean shares are poised for their largest weekly drop since 2008, driven by concerns over the sustainability of the global AI investment boom.
Oil slips as Trump administration weighs lifting shadow fleet sanctions
Brent crude fell to $105.51 as the Trump administration considers easing restrictions on shadow fleet vessels, amid ongoing Middle East tensions and potential supply disruptions.
Irdai exploring financing for life insurance premiums for non salaried
Irdai is exploring financing options for life insurance premiums to prevent premature policy surrenders, aiming to assist policyholders in retaining their policies until maturity.
Anthropic IPO valuation cut to $1.5 trillion after revenue slowdown
Investors are reconsidering Anthropic's IPO valuation, initially expected at $2 trillion, due to a slowdown in revenue growth despite a 45% increase in third-quarter earnings.
Gold prices slip as US inflation data raises Fed uncertainty
Gold prices slipped 0.4% to $4,152.99 per ounce in early Asian trading on Friday, following a more than 1% rise in the previous session amid Federal Reserve policy speculation.
Euro rebounds from 17-month low as US dollar slips
The euro has rebounded from a 17-month low as concerns over AI investments and falling US yields lead to the dollar's first weekly decline in five weeks.
Tonbo Imaging IPO ₹500 GMP suggests 71% listing gains
Tonbo Imaging India's IPO, fully subscribed on day one, shows a Grey Market Premium of ₹500 per share, suggesting a potential 71% listing premium over the issue price.
Rice to become Netflix chief content officer starting October 26
Netflix has named former Disney executive Peter Rice as its new chief content officer, succeeding Bela Bajaria, who is departing after nearly a decade with the company.
GIFT Nifty up 90 points to 23,078 ahead of open
GIFT Nifty traded higher by 90 points, indicating a firm start for Dalal Street on Friday, as local investor confidence remains buoyant amid strong domestic demand and tax revenue.
Asian markets rebound as semiconductors lift MSCI Asia Pacific 0.6%
Asian equities rose, led by South Korean chip stocks, as concerns over AI trade eased. The MSCI Asia Pacific Index gained 0.6%, tracking Wall Street's recovery.
HDFC Life profit rises 14% to ₹508cr, premiums 16% higher
HDFC Life Insurance reported a 14% increase in standalone net profit to ₹508 crore for the September quarter, driven by a rise in premium income and expanded product sales.
Some former Flipkart executives ask Walmart to buy vested ESOPs
Former Flipkart executives have urged Walmart to separate their stock option liquidity from the company's upcoming IPO, renewing their request for a buyout of vested Esops.
Asian Paints, Berger Paints to hike prices as costs rise
India's leading paintmakers, including Asian Paints and Berger Paints, are set to raise prices for the second time this fiscal year as crude oil surpasses $100 a barrel.
Jio Platforms's ₹30,188cr IPO is India's biggest-ever, draws global investors
Jio Platforms' ₹30,188-crore IPO has garnered significant attention from global institutional investors, including sovereign wealth funds and leading asset managers.
Elon Musk's $75 million and $83 million contributions fuel SLF $272.9 million haul
Elon Musk contributed $158 million to the Senate Leadership Fund, helping it raise a record $272.9 million in the third quarter before the Nov. 3 midterm election.
Anthropic eyed for $1.5 trillion IPO, down from $2 trillion
Investors are reconsidering Anthropic's IPO valuation, suggesting a lower figure of around $1.5 trillion due to concerns over growth pace and AI system costs.
Dow jumps 550 points as NVIDIA CEO boosts investor confidence
The Dow Jones surged 550 points as dip buyers halted the AI sell-off, while the Nasdaq rebounded despite a hotter-than-expected September wholesale inflation report.
India's trade deficit narrows to $30.2bn as exports rise 23%
India's exports increased by 23% to $44.4 billion in September, reducing the goods trade deficit to $30.2 billion as imports rose by 8% to $74.6 billion.
US dollar slips from 18-month high on Fed hike doubts
The US dollar retreated from an 18-month peak due to cautious Federal Reserve remarks, cooling expectations for an October interest-rate hike and shifting market focus.
Jio Platforms IPO could make Reliance India's most valuable conglomerate
Reliance Industries is poised to surpass Tata Group as India's most valuable conglomerate, with Jio Platforms' listing expected to boost RIL's market cap significantly.
US dollar falls 0.3% as AI fears boost Treasuries demand
The dollar fell 0.3% Thursday, its biggest drop since early September, as AI-related concerns triggered a bond rally that lowered yields and pressured the currency.
RBI gives Fairfax 15 years to trim IDBI Bank stake
Fairfax Financial Holdings has been granted 15 years by the Reserve Bank of India to reduce its stake in IDBI Bank from 60.72% to 26%.
Fairfax cleared to take over IDBI Bank and digitize services
Prem Watsa believes that while current investments are focused on data centers and AI in the US, India will soon become a prime target for global investors.
Harvard endowment up 27.1% to nearly $68 billion from SpaceX
Harvard University's endowment surged 27.1% in fiscal 2026, driven by a $2.2 billion stake in SpaceX, marking its strongest return in five years despite federal challenges.
Indian smartphone makers step up amid rising memory chip costs
Rising memory chip prices have led global companies to reduce their presence in India's budget smartphone market, creating opportunities for local brands like Ai+ and Lava.
Persistent Systems posts September quarter revenue up 20% to $487.6 million
Persistent Systems reported a 20% year-on-year increase in revenue for the September quarter, reaching $487.6 million, with a sequential growth of 7.8%.
Flipkart FY26 revenue rises 18% to ₹1.46 trillion
Flipkart Group has reported an 18% increase in its revenue from operations for the fiscal year ending March 2026.
Jio plans to shift to 6G through software upgrades
Jio Platforms plans to transition to 6G through software upgrades, not a complete infrastructure overhaul.
Myntra goes from ₹549 crore profit to ₹579 crore loss
Myntra, the fashion e-commerce platform owned by Flipkart, has reported a net loss of ₹579 crore for the fiscal year 2026.
US-India trade deal: Piyush Goyal says 1st tranche finalized
The first phase of a trade agreement between India and the United States has been finalized, Commerce Minister Piyush Goyal announced on Thursday.
How Jio IPO will change stakes of Meta, Google
Jio Platforms, a subsidiary of Reliance Industries, is set to launch India's largest-ever public issue with an initial public offering (IPO) worth over ₹30,000 crore.
TSMC Q3 profit jumps 69% to record $23.6 billion
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has reported a record third-quarter profit, beating estimates.
'Energy drink' ban could lead to nationwide stock-out: PepsiCo
PepsiCo has warned that a continued ban on the "energy drink" label could lead to a nationwide stock-out of its top-selling products, Sting and others, in two months.
Air India implements cost-saving measures amid $2B losses
Air India has formed a dedicated team to identify cost-saving opportunities across its operations, Reuters reported.
Bonfiglioli IPO opens with 30% GMP: Should you subscribe?
Bonfiglioli Transmissions, a leading player in the mechanical and electromechanical power transmission space, has opened its initial public offering (IPO) for subscription today.
Salary hikes in India to average 9% in FY27: Survey
India's salary growth is expected to remain strong at 9.1% in the fiscal year 2026-27, according to a survey by global professional services firm Aon.
Train passengers buying tickets at counters to get insurance cover
The Supreme Court of India has directed the Indian Railways to provide insurance coverage for counter tickets from October 27.
Tonbo Imaging IPO opens with 71% GMP: Apply or avoid?
Tonbo Imaging India, a leading defense technology company, has opened its Initial Public Offering (IPO) for subscription today.
Own RIL shares? You get separate quota in Jio IPO
Reliance Jio's upcoming initial public offering (IPO) will have a separate category for existing shareholders of its parent company, Reliance Industries Limited (RIL).
AI start-up developing cancer drugs raises $150M in US IPO
Iambic Therapeutics, a clinical-stage cancer drugmaker and tech firm, has raised $150 million in its US initial public offering (IPO).
Jio IPO GMP hits 20% ahead of October 21 launch
The gray market has reacted positively to Jio Platforms' announcement of its initial public offering (IPO) price band and issue size.
IDBI Bank shares fall 6% after nearly ₹53,000cr deal
IDBI Bank's shares plummeted by as much as 6.05% to ₹84.97 on Thursday, after the government approved the sale of a controlling stake in the lender to Canada's Fairfax Financial Holdings.
Apple reaches $5 trillion market cap, 2nd company after NVIDIA
Apple has become the second publicly traded company in history to achieve a market capitalization of over $5 trillion, after NVIDIA, which officially became the world's first $5 trillion company in October last year.
South Korea halts trading as KOSPI plunges 8%
South Korea's benchmark KOSPI index witnessed a massive fall of nearly 8% on Thursday, prompting an automatic trading halt.
OpenAI names former xAI executive head of infrastructure and compute
OpenAI has announced the appointment of Uday Ruddarraju, a former xAI executive, as the new head of its infrastructure and compute businesses.
Sensex surges over 800 points: What's behind today's rally?
India's benchmark indices, Sensex and Nifty, witnessed a significant surge on October 15. The upward trend was largely attributed to a spike in IT shares.
Anthropic Q3 revenue jumps 45% to nearly $17B
Anthropic, an artificial intelligence (AI) start-up founded by former OpenAI executives, has reported a 45% increase in its third-quarter revenue.
Jio Platforms IPO to open for subscription on October 21
Jio Platforms, the digital services giant, is gearing up for its much-anticipated initial public offering (IPO).
Why Netflix is cutting around 6% of its workforce
Netflix has announced a major round of layoffs, cutting around 1,000 jobs or nearly 6% of its global workforce.
Blackstone wants to double India investments to $100B by 2031
Blackstone, the global investment firm, plans to double its investments in India from the current $50 billion to a whopping $100 billion over the next five years.
Kumar Mangalam Birla plans investments up to $30B by 2029
Kumar Mangalam Birla, the Chairman of the Aditya Birla Group, has announced plans to invest up to $30 billion over the next two to three years.
JPMorgan reports rare profit miss
JPMorgan Chase, one of the leading global financial services firms, has reported its first quarterly profit miss in nearly three years.
Groww Q2 profit jumps 54% to ₹725 crore
Billionbrains Garage Ventures, the parent company of stock broking platform Groww, has reported a whopping 54% rise in its consolidated net profit for the September quarter of FY27.
Canada's Fairfax buys majority stake in IDBI Bank
Canada's Fairfax Financial Holdings is acquiring a controlling stake in IDBI Bank.
Indian rupee hits 1-month high as RBI steps support currency
The Indian rupee has hit its highest level in over a month, thanks to a series of measures taken by the Reserve Bank of India (RBI) and comments from RBI Governor Sanjay Malhotra.
Hyundai shares jump on $15.5B India investment
Hyundai Motor India's shares witnessed a surge of over 2% in early trade on Wednesday.
India's trade deficit with China crosses $100 billion
India's trade deficit with China has crossed the $100 billion mark this year, data from China's General Administration of Customs (GAC) revealed.
SEBI proposes stricter penalties against this type of listed companies
The Securities and Exchange Board of India (SEBI) has proposed stricter measures against listed companies that obstruct the monitoring of funds raised through public issues.
Sensex slips over 400 points: What's behind today's decline?
India's benchmark indices, the Sensex and Nifty, are trading in the red once again. The fall comes after a strong rally in the previous session when markets rose by 1.6%.
Bank of Baroda shares slide after $15B lawsuit
Bank of Baroda's shares plummeted by almost 4% to 229.80 in today's session, making it one of the biggest losers on the Nifty 100 index.
Sugar prices surge up to 17% in 6 days
Sugar prices have witnessed a major spike, surging over 13% in just six days. The rise is largely attributed to tight supplies and strong festive demand from households and sweetmakers ahead of Diwali.
'Significantly ahead' of Starlink in securing service approval: Sunil Mittal
Bharti Enterprises Chairman Sunil Bharti Mittal has claimed that his company is "significantly ahead" of Starlink in securing approvals for satellite communications services in India.
Meet Tejas Sudarshan, entrepreneur who pitched to Modi in 90-seconds
Tejas Parthasarathi Sudarshan, the founder of Winsen Labs, an applied artificial intelligence start-up, recently got a chance to pitch two ideas on AI application in India to Prime Minister Narendra Modi.
Why ATF will not come under GST anytime soon
Aviation turbine fuel (ATF) is unlikely to come under the Goods and Services Tax (GST) regime anytime soon.
India's wholesale inflation spikes to over 11% in September
India's wholesale inflation has surged to 11.39% in September, compared to 9.92% in August, official data from the Ministry of Commerce and Industry showed today.
Why Getty Images is heading for bankruptcy
Getty Images, a leading visual media company, is preparing to file for Chapter 11 bankruptcy.