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EAAA India Alternatives opens ₹1,200cr IPO on October 26
EAAA India Alternatives is set to open its Rs 1,200-crore initial public offering on October 26, with the offer-for-sale closing on October 28.
BMW opens exit portal letting 50,000 see up to $730,000
BMW has launched a voluntary-exit program offering some employees severance packages up to $730,000, aiming to reduce 8,000 positions by the end of 2027.
Persistent Systems to seek up to $450 million QIP for Nagarro
Persistent Systems is poised to initiate a $450 million Qualified Institutional Placement (QIP) soon, with proceeds earmarked for the Nagarro acquisition financing plan.
Why Micron workers in Taiwan are going on strike tomorrow
Workers at a Micron Technology plant in Taiwan are gearing up for a strike tomorrow.
IMF World Bank Bangkok meetings highlight energy prices AI debt
The recent IMF and World Bank meetings in Bangkok highlighted challenges like energy shocks and AI-driven investment, emphasizing risks to global economic stability.
Japan's 20-year bond yield falls to 3.71% after record auction
Japan's 20-year government bond yield fell significantly after a record-breaking auction, reaching its lowest level since early September due to strong investor demand.
Jamie Dimon says JPMorgan Chase will block external AI access
Jamie Dimon, CEO of JPMorgan Chase, emphasized during the earnings call that external AI agents will not be allowed access to customer accounts due to significant security risks.
UK unemployment falls to 4.7% with 13,000 payrolled employees added
UK unemployment unexpectedly fell to 4.7% in the three months to August, while payrolled employees increased by 13,000, despite a decline in job vacancies.
HSBC CEO: Gulf could make Hormuz redundant within 5 years
HSBC Group CEO Georges Elhedery stated that investments in alternative logistics routes could render the Strait of Hormuz "redundant" within five years.
China rolls out 20% tax on gains from $140.2B trusts
China's enforcement of a 20% tax on overseas trust gains could impact $140 billion held by eight of the world's richest individuals, affecting their offshore wealth strategies.
Indians buy gold for Dussehra and Diwali despite 26% drop
Gold prices have cooled 26% from record highs, prompting Indian buyers to adapt by purchasing lighter jewellery and investing in coins, bars, and ETFs this Dussehra and Diwali.
Myntra posts ₹579.4cr loss despite ₹2,326.5cr ad spend
Myntra spent Rs 2,326 crore on advertising to generate Rs 5,242 crore in operating revenue during FY26, highlighting the high cost of customer acquisition in a competitive market.
OpenAI targets $30B at $1.4 trillion valuation
OpenAI is fast-tracking a major fundraising round, hoping to secure investor commitments before rival Anthropic's public market debut in mid-November.
Eric Schmidt's 1% Anthropic stake could be worth $20 billion
Former Google CEO Eric Schmidt owns a 1% stake in Anthropic, a leading AI start-up. The investment was made during the company's Series A funding round.
Paras Healthcare raises ₹652.5cr from anchors before IPO launch
Paras Healthcare has raised Rs 652.5 crore from anchor investors ahead of its Rs 1,450-crore IPO, which is set to open on October 21.
Gold ETFs log 13th straight week of net investor inflows
Investments in physically backed gold ETFs were net positive last week, marking the 13th consecutive week of positive inflows, with $1.91 billion added globally.
Micron Taiwan workers plan Thursday strike over profit sharing
Workers at Micron's Taiwan plants plan to strike Thursday, seeking a concrete profit-sharing plan as they negotiate with the company for better remuneration.
Reliance Jio outlines 6G satellite AI push for 10% patents
Akash Ambani outlines Jio Platforms' future focus on satellite communications, pre-6G patents, and AI integration at the India Mobile Congress ahead of the company's IPO.
Jio raises ₹8,110cr from anchor investors ahead of IPO
Jio Platforms, the parent company of Reliance Jio Infocomm, has raised ₹8,109.84 crore from 212 anchor investors.
India-NZ FTA kicks in: What gets cheaper for you
The Free Trade Agreement (FTA) between India and New Zealand has come into effect from today.
South Korea's KOSPI down 39% from highs after AI selloff
South Korea's KOSPI index fell 5% as AI-related stocks, including SK Hynix and Samsung, plunged over 40% from their peak due to global market concerns.
Mike Cannon-Brookes says end users must own AI assisted work
Atlassian CEO Mike Cannon-Brookes asserts that employees must remain accountable for mistakes at work, even when using AI tools like ChatGPT.
Oil at $110 a barrel amid Houthi and Ukraine strikes
Brent crude neared recent highs at $110 per barrel as Iran-backed Houthi attacks on Saudi Arabia and Ukraine's strikes on Russian oil facilities heightened supply concerns.
Musk's $158B Tesla pay faces shareholder vote in December
Tesla has scheduled a shareholder meeting on December 3 to decide on the re-election of CEO Elon Musk, board chair Robyn Denholm, and director JB Straubel for another three-year term.
Japan Nikkei falls 0.86% as inflation and yields worry investors
Japan's Nikkei share average dropped 0.86% as rising bond yields and persistent inflation concerns pressured technology stocks, affecting investor sentiment and growth outlook.
Tesla shareholders to vote on Elon Musk's future and pay
Tesla shareholders will vote on re-electing Elon Musk as CEO and his $158 billion pay package in December, while a SpaceX merger remains off the agenda.
NVIDIA to back 4 German startups under nearly $10B plan
German Chancellor Friedrich Merz urges businesses to embrace AI, as Nvidia announces investments in four German startups to boost the country's industrial AI capabilities.
Flipkart starts 'Eat-in by Minutes's pilot with 8,000 Bengaluru employees
Flipkart, owned by Walmart, is testing a food-delivery service in Bengaluru, aiming to challenge the dominance of Zomato and Swiggy in India's growing market.
BYJU'S parent tapped Great Learning repayment for Aakash rights issue
Byju’s parent used a Rs 160 crore loan repayment from Great Learning to fund Aakash's rights issue, while Zetwerk's IPO was subscribed 3.06 times, driven by institutional demand.
World Bank launches plan for affordable internet in developing countries
The World Bank unveiled a strategy to enhance digital access and affordability, addressing the disparity in internet usage between low-income and high-income nations.
Enforcement Directorate freezes accounts holding 200cr after alleged WhatsApp manipulation
The Enforcement Directorate has frozen trading accounts worth ₹200 crore linked to a stock manipulation scam involving WhatsApp-driven promotions of two listed companies.
National Australia Bank to cut 2,500 jobs amid digital shift
National Australia Bank plans to eliminate 2,500 positions by year-end, citing economic challenges and technological advancements as it shifts towards a more digital banking model.
Gold slips to $4,135 as US Federal Reserve weighs rates
Gold prices remain subdued as elevated oil prices stoke inflation fears, complicating the Federal Reserve's interest rate decisions. Bullion trades around $4,135 an ounce.
OpenAI racing to raise $30B before Anthropic IPO next month
OpenAI is hastening a $30 billion funding round to secure capital before Anthropic’s anticipated November IPO, aiming to strengthen its position amid growing investor caution.
Houthi strike sends Brent to $109.55 while WTI hits $103.66
Brent crude futures fell 0.3% to $109.55 a barrel, despite recent Houthi attacks on Saudi infrastructure and ongoing geopolitical tensions in the region.
Finance Ministry launches October 21 campaign to expand scheme access
The finance ministry is launching a nationwide campaign to enhance financial inclusion, targeting 2.70 lakh gram panchayats and urban local bodies across India.
Supreme Court AT1 reversal may reduce Yes Bank CET1 11.4%
Yes Bank is assessing capital measures to support growth plans after the Supreme Court voided its 2020 AT1 bond write-down, impacting its CET1 ratio.
Hedge funds cut tech stocks exposure to 23.5% by mid-October
Hedge funds have reduced their technology exposure at the fastest pace in a decade, as the global AI trade weakened and tech stocks faced significant selloffs last week.
PFRDA launches NPS Central to simplify National Pension System management
NPS Central, a unified digital platform for National Pension System subscribers, launched on October 1, 2026, simplifying enrolment and account management across the NPS ecosystem.
RBI orders banks tighten scrutiny of $1 billion overseas transfers
The Reserve Bank of India is intensifying oversight on overseas direct investments exceeding $1 billion to safeguard the rupee and ensure economic stability.
TechSparks 2026: Leaders say data will drive India's AI biotech
Deeptech founders argue that India's AI and biotech advancements hinge on developing trusted, context-rich data, rather than solely focusing on semiconductors or AI models.
NVIDIA CEO Jensen Huang urges German manufacturers to use AI
Nvidia CEO Jensen Huang encourages German manufacturers to embrace AI, emphasizing that digital technology will enhance rather than replace the country's strong industrial sector.
Donald Trump's Truth Social stock drops to record low $6.40
Truth Social's stock plummeted to $6.40, marking a 7.5% drop on Monday, as user engagement decreased by over 30% in the past year.
Ferrari opens Chennai and Ahmedabad dealerships, expands to 5 cities
Ferrari is expanding to five Indian cities, including Chennai and Ahmedabad, and plans to offer benefits from the proposed EU-India free trade agreement to its customers.
International Monetary Fund warns AI investments could unsettle global markets
The International Monetary Fund cautions that precarious investments in artificial intelligence could trigger a market correction, potentially destabilizing the global economy.
Bajaj Finance's Q2 net profit jumps 29% to ₹6,266cr
Bajaj Finance has reported a whopping 29% jump in its net profit for the quarter ended September 30, 2026.
OYO parent might launch its IPO in November
Prism, the parent company of hospitality platform OYO, is gearing up to launch its initial public offering (IPO) in November.
RBI conducts ₹1L crore VRR auction to enhance banking liquidity
The Reserve Bank of India (RBI) has conducted a ₹1 lakh crore Variable Rate Repo (VRR) auction today.
Diwali Muhurat Trading session on November 8: Check timings
The Bombay Stock Exchange (BSE) has announced the schedule for the Diwali Muhurat Trading session in 2026.
IDBI Bank employees to go on hunger strike in November
IDBI Bank employees have announced a two-day nationwide hunger strike on November 2 and 3.
Is Waymo a threat to national security of US?
Waymo, the self-driving car subsidiary of Alphabet, has placed an order for thousands of Chinese-made electric vehicles (EVs) to expand its US robotaxi fleet.
Volkswagen might freeze salaries of all employees until 2030
Volkswagen, the German automotive giant, is planning to freeze salaries for its 660,000 employees worldwide until 2030.
How NPS Central portal lets you manage your pension account
The Pension Fund Regulatory and Development Authority (PFRDA) has launched a new digital platform, NPS Central.
India's engineering exports on track to hit record $150B
India's engineering exports are on course to hit a record high of $150 billion in the current fiscal year, according to Pankaj Chadha, Chairman of the Engineering Export Promotion Council (EEPC).
Foxconn buys 50% stake in Mitsubishi's EV unit for $727M
Taiwanese tech giant Foxconn has announced its plan to acquire a 50% stake in Mitsubishi Electric Corp's automotive-components business.
Why Apple CEO is on TIME's Best Inventions 2026 cover
Apple's newly appointed CEO, John Ternus, has made it to the cover of TIME magazine's annual Best Inventions of 2026 issue.
Global freight rates soar 130% since February
Global container freight rates have skyrocketed by a staggering 130% since February 2026, largely due to the ongoing tensions in the Middle East.
Jio Platforms, Paras Healthcare IPOs lead market activity this week
The primary market this week will be dominated by the highly anticipated ₹30,188 crore initial public offering (IPO) of Jio Platforms.
Jio IPO draws record ₹2.5 lakh crore anchor demand
Jio Platforms' initial public offering (IPO) has witnessed an unprecedented institutional demand of around ₹2.5 lakh crore.
Musk to give every US child a SpaceX share
Elon Musk has announced his plan to give a share of SpaceX stock to every child in the United States in 2027.
Indian investors lose nearly ₹5L crore in stock market crash
The Indian stock market witnessed a major downturn today, with the Sensex crashing by over 900 points and the Nifty falling by nearly 300 points.
Ixigo shares soar 13% after reporting all-time high quarterly profit
Ixigo, a leading travel booking platform, has witnessed a massive spike in its stock value after reporting an all-time high quarterly profit for Q2.
Amazon may cut 5,000 US contract jobs, close 15 warehouses
Amazon is planning to lay off up to 5,000 workers in the US, The New York Post reported.
India-New Zealand trade deal kicks in October 20
The India-New Zealand Free Trade Agreement (FTA) will come into effect on October 20. The trade pact seeks to boost bilateral commerce, investment, and economic ties between the two nations.
PhonePe rebrands Share.Market as PhonePe Invest
PhonePe, India's leading payments company, has rebranded its stockbroking platform Share.Market as PhonePe Invest.
Indian stock market to remain closed tomorrow for Dussehra
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain closed tomorrow in observance of Dussehra or Vijayadashami.
Why Hyderabad has become preferred destination for GCCs in India
Hyderabad is quickly becoming a preferred destination for Global Capability Centers (GCCs), with 45% of the new Indian GCCs setting up shop in the city.
India's sugar stocks down 6% today: What's the reason?
Shares of sugar firms fell up to 6% today after the Indian government ordered oil marketing companies to stop diverting sugar for ethanol production.
US very close to finalizing India trade deal: Marco Rubio
US Secretary of State Marco Rubio has said that the United States is very close to finalizing a trade deal with India.
Urban Company's shares fall over 7%
Urban Company's shares fell by over 7.5% today, making it the worst performer in the Nifty 500 index.
'Google now kisses my a##': Trump
US President Donald Trump made a bold claim during a rally in Highland Heights, Kentucky.
Disney to hire majority of bankrupt chatbot start-up Character.AI's employees
Disney has agreed to hire the majority of employees from Character.AI, a chatbot start-up that recently filed for bankruptcy.
China's economy grows 4.5%, beating expectations
China's economy grew by 4.5% year-on-year in the third quarter, surpassing market expectations of 4.4%.
Sensex slips over 300 points: What's behind today's decline?
The Indian stock market opened on a negative note today, with the BSE Sensex and NSE Nifty both trading lower.
Oil prices fall to $108 after hitting 5-month high
Oil prices fell slightly on Monday, after hitting a five-month high.
Weak rupee to delay India's $5T goal to 2029: IMF
India's ambition of becoming a $5-trillion economy has been pushed back by a year, owing to the depreciation of its currency.
Samsung, SK Hynix fall over 4% as DeepSeek spooks markets
South Korean stocks have resumed their downward trend, with the benchmark Kospi index falling as much as 3.2%.
Excess liquidity, easy exits hurting India's equity market: Nirmala Sitharaman
India's Finance Minister Nirmala Sitharaman has attributed the underperformance of the country's equity market to excess liquidity and easy exits.
Anthropic puts 5% of its shares into public benefit fund
Anthropic, a leading artificial intelligence (AI) company, will allocate 5% of its shares to a new public benefit fund.
Microsoft pulls out of data center deal in UK: Report
Microsoft has pulled out of a data center deal with British cloud provider Nscale, The Telegraph reported.
Go-Delhi Foundation approved: How it will help start-ups
The Delhi Cabinet has approved the establishment of the Go-Delhi Foundation, a new initiative aimed at promoting innovation and entrepreneurship in the national capital.
Eating out in Mumbai is about to become costlier
The Indian Hotel and Restaurant Association (AHAR) has announced that restaurant menu prices in Mumbai are likely to increase by 10-15% during the festive season.
DLF plans ₹58,000cr in housing launches over next 2-3 years
India's largest real estate company DLF Ltd has announced plans to launch housing properties worth ₹58,000 crore over the next two to three years.
SoftBank in talks to acquire security giant Allied Universal
SoftBank Group is in early-stage talks to acquire Allied Universal, one of the world's largest private-security firms.
Accenture mulls $1.5B sale of its China operations
Accenture, the world's largest publicly traded IT consultancy, is considering a potential $1.5 billion sale of its Chinese operations, Financial Times reported.
Centre caps margins on cancer drugs, prices to fall 70%
The National Pharmaceutical Pricing Authority (NPPA) has announced a major move to make cancer treatment more affordable in India.
Pakistan's global financial leadership claim debunked by ex-IMF director
Krishnamurthy V Subramanian, India's former executive director at the International Monetary Fund (IMF), has dismissed Pakistan's claim of returning to global financial leadership as a "historic milestone."
How China's export controls affect India's solar manufacturing efforts
China has proposed export controls on 12 technologies used in the production of solar equipment.
Why Vedanta has invested $600M in South Africa
Vedanta has announced a major expansion of its zinc production capacity in South Africa.
Indian refiners' fuel exports to West up 43% in September
Refineries in India, Turkiye, and Brunei, including the Jamnagar facility owned by Reliance Industries, have witnessed a significant increase in fuel exports to Western countries.
India's top 9 firms add ₹3.65L crore in market cap
The combined market capitalization of nine out of the top 10 most valued companies in India jumped by ₹3.65 lakh crore last week.
How NTPC plans to boost India's nuclear power capacity
State-owned power giant NTPC is gearing up to conduct feasibility studies for proposed nuclear power projects in several Indian states, including Uttar Pradesh.