Business News
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Indian rupee rises nearly 1% to 94.47 after RBI actions
The Indian rupee appreciated nearly 1% against the US dollar in October, making it Asia's second-best performing currency after the South Korean won, driven by RBI interventions.
Titan's profits jump 114% to 2,393 cr on diamond-studded jewelry
Titan Company Ltd reported a 114% increase in net profit to Rs 2,393 crore for Q2FY27, surpassing CNBC-Awaaz's estimate of Rs 1,460 crore.
David Jones enters voluntary administration, putting 6,000 jobs at risk
David Jones, a 188-year-old Australian retailer, has entered voluntary administration, jeopardizing around 6,000 jobs as it struggles with rising costs and competition.
HGS India to list Friday on NSE-Emerge ₹40 gray-market premium
HGS India is set to debut on the NSE Emerge platform on November 6, with shares commanding a 33.33% premium in the grey market, indicating positive investor sentiment.
Aurobindo Pharma posts 32.5% profit rise, record ₹10,263 cr revenue
Aurobindo Pharma's net profit for the September quarter rose 32.5% year-on-year to ₹1,124 crore, driven by a 24% increase in revenue to ₹10,263 crore.
Ashok Leyland shares rise over 10% to ₹170 amid rally
Ashok Leyland shares soared 10.5% to ₹170, marking their largest single-day gain since April, driven by falling crude oil prices and positive US midterm election outcomes.
India's government, LIC plan 60.72% IDBI sale to Fairfax $5.5bn
IDBI Bank employees are protesting against the proposed sale of a majority stake to Fairfax, citing concerns over valuation, transparency, and employee welfare.
Bharti Airtel posts 31% jump to ₹8,888cr in September quarter
Bharti Airtel reported a 31% increase in net profit to Rs 8,888 crore for Q2FY27, missing CNBC-TV18's estimate of Rs 9,209 crore. Revenue from operations grew by 17% year-on-year.
Foxconn October sales jump 46% on NVIDIA AI server demand
Hon Hai Precision Industry Co. reported a 46% increase in October sales, driven by strong demand for Nvidia servers crucial to global AI infrastructure expansion.
NSE's Ashish Chauhan urges retail investor protection and easy-to-understand products
Ashish Kumar Chauhan, CEO of NSE, emphasizes the need for simpler financial products to guide India's growing retail investor base towards investment rather than speculation.
AI, data and cybersecurity drive India's GCC hiring Jul-Sep 2026
AI, data, and cybersecurity roles comprised 30.3% of tech hiring demand in the July–September quarter, reflecting a significant increase from 25.8% in the previous quarter.
Riot Platforms, Anthropic strike $28 billion Texas AI campus deal
Riot Platforms has signed a $28 billion agreement with Anthropic, potentially incurring 12% interest on construction costs for transforming its Texas power sites into AI campuses.
Apple, Amazon, Alphabet, Microsoft set to add $750B after midterms
Tech giants regained over $750 billion in market value following a sweeping Democratic victory in the US midterm elections, which is expected to slow AI data-center expansion.
Something's Brewing founder Abhinav Mathur targets ₹22-25cr revenue after ₹15cr
Launched during the COVID-19 lockdown, Abhinav Mathur's startup, Something's Brewing, has grown into a ₹15 crore business by tapping into India's home-brewing coffee market.
Adani Ports buys Dutch liquid storage Evos for ₹27,200 cr
Adani Ports and Special Economic Zone Ltd (APSEZ) is set to acquire a 100% stake in Netherlands-based liquid storage operator Evos B.V. for an enterprise value of $2.88 billion.
Berger Paints India to raise prices November, profit up 5.2%
Berger Paints India plans to raise prices in November as escalating raw material costs and forex volatility threaten profit margins, despite a 5.2% rise in quarterly profit.
Blinkit to charge ₹2,500 for non-emergency ambulance rides
Blinkit has introduced a new fee structure for its ambulance services. The company now charges ₹2,500 for non-emergency patient transfers.
Indian stocks rally 6 days amid oil dip and inflows
Indian markets have surged, with the Nifty jumping 8% and the Sensex climbing over 6,000 points, driven by falling crude oil prices and renewed foreign investor interest.
Midterm results create hurdles for Meta's US data center expansion
Meta Platforms President Dina Powell McCormick stated that the recent midterm election results will complicate efforts to build new data centers in the United States.
Berger Paints shares jump 4% after revenue rises to ₹3,200cr
Shares of Berger Paints India Ltd. rose 4% after the company reported a 5.3% increase in net profit and a 13.2% rise in revenue for Q2FY27.
India gold loans almost tripled to ₹22.5L/cr but growth slowing
India's gold loan market has nearly tripled in three years, reaching outstanding balances of ₹22.5 lakh crore as of August 2026, driven by larger loan amounts and repeat borrowing.
Carnelian Small Cap NFO raises ₹632cr from 30,562 applications
Carnelian Mutual Fund's first scheme, the Small Cap Fund, garnered ₹632 crore from 30,562 applications, with 21% opting for systematic investment plans (SIPs).
Emami July-September revenue up 36.3% ₹1,088 cr, profits down 1.7%
Emami's Q2 revenue surged 36% to ₹1,088 crore, while net profit slightly declined by 1.7% to ₹146 crore. The company announced a ₹5 interim dividend per share.
Bitcoin tops $80,000 amid US post-election rally, $330 million wiped out
Bitcoin surged past $80,000 as the US midterm election results boosted investor confidence, triggering a rally across cryptocurrency and equity markets.
Shiprocket swings to profit as Q2 revenue jumps 35%
Shiprocket, a leading logistics and e-commerce enablement company based in New Delhi, has posted a net profit of ₹60 lakh for the second quarter of FY27.
Xyra Group offers £12.5 million to cover Poundland's £30m debt
London-based Xyra Group has proposed a rescue bid for Poundland, offering to pay off half of its debts as the retailer faces potential collapse, threatening thousands of jobs.
Shilpa Medicare posts 79.5% YoY profit to ₹79cr, revenue ₹529cr
Shilpa Medicare's net profit surged 79.5% YoY to ₹79 crore, while revenue increased 43% to ₹529 crore in Q2 FY27, showcasing robust financial performance.
ServiceNow and LTM expand partnership to scale AI across enterprises
ServiceNow and LTM have expanded their collaboration to enhance AI deployment for over 700 shared clients, leveraging ServiceNow's platform with LTM's domain expertise.
India's solar components market could reach $7.8bn by March 2028
India's solar components market is set to more than double, reaching $7.8 billion by March 2028, driven by increased domestic manufacturing and rising demand, according to CEEW.
Bombay High Court notices Bank of Baroda over $15bn suit
The Bombay High Court has issued a notice to Bank of Baroda in response to a $15 billion civil suit filed by BR Shetty, seeking urgent preservation of the bank's records.
Zoho Analytics targets nearly 20% annual growth courting enterprise clients
Zoho Analytics aims for a 20% annual customer increase by integrating AI-powered workflows and focusing on larger enterprise clients.
Blinkit Ambulance adds ₹2,500 fee for nonemergency patient transfers
Blinkit Ambulance now charges Rs 2,500 for non-emergency patient transfers to ensure emergency vehicles remain available for urgent cases. Emergency services remain free of charge.
Nifty and Sensex surge as crude oil prices drop sharply
Nifty crossed 24,500 and Sensex gained 2,070 points as crude oil prices continued to fall, with Bajaj Finance leading the rally among top gainers.
Majority of Indian professionals plan 2027 job switches, survey finds
Nearly seven in 10 Indian professionals plan to seek new jobs in 2027, with over half desiring salary hikes of at least 31%, according to a foundit survey.
Dubai Duty Free offers Indian travelers 10% UPI discount
Indian travelers can now enjoy a 10% discount at Dubai Duty Free by using India's Unified Payments Interface (UPI) for payments.
HDFC Bank hikes FD rates: Check new returns
HDFC Bank has revised its fixed deposit (FD) interest rates, effective from November 4, 2026.
India data centers could add $105B to imports, HSBC says
India's data centre investments could increase the country's import bill by $105 billion, driven by a 5-gigawatt capacity expansion, according to HSBC Global Research.
Sony raises outlook after 2nd-quarter profit jumps on games, movies
Sony reported a 45% increase in second-quarter operating profit, driven by strong performances in its games and movies units, surpassing market expectations.
Uday Kotak: AI selloff could boost foreign investment into India
Uday Kotak, Asia's richest banker, suggests that a global AI investment correction could redirect foreign flows to India, enhancing its market resilience and valuation appeal.
NSE and BSE host Muhurat trading session Sunday November 8
The NSE and BSE will hold a special Muhurat trading session on Sunday, November 8, 2026, from 2:20 pm to 3:30 pm to mark Diwali Laxmi Pujan.
Indian travelers get 10% UPI discount at Dubai Duty Free
Indian travelers can enjoy a 10% discount at Dubai Duty Free when paying with UPI, enhancing digital payment connectivity between India and the UAE.
Microsoft rejects multibillion-dollar deal with data center firm Nscale
Microsoft has rejected a multibillion-dollar agreement to more than double the size of its existing agreement with UK-based artificial intelligence (AI) company Nscale to rent computing power at a Texas data center.
SBI opens 77 specialist officer posts apply online November 25
The State Bank of India invites applications for 77 Specialist Officer posts. Eligible candidates can apply online at sbi.co.in until November 25, 2026.
Zomato now delivers food from restaurants up to 40km away
Zomato has launched a new feature called 'Limitless Delivery,' allowing customers to order food from their favorite restaurants even if they are far away.
Michael Dell loses nearly $10B as Mark Zuckerberg gains $3B
Michael Dell's net worth fell by nearly $10 billion as Dell Technologies shares dropped over 9% following the US midterm election results, marking a significant daily loss.
Shiprocket posts ₹60L Q2 FY27 profit as revenue hits ₹674cr
New Delhi-based Shiprocket reported a net profit of Rs 60 lakh in Q2 FY27, with operating revenue increasing by 34.8% year-on-year to Rs 674 crore.
Meta offers voluntary exits to employees in France
Meta, the tech giant led by Mark Zuckerberg, has joined the likes of Microsoft and Google in offering voluntary exits to select employees.
Tonbo Imaging shares double in just 10 trading sessions
Tonbo Imaging's shares jumped by 14% on Thursday, following the company's September quarter results.
Report: AI to grow India office workforce to 48 million
Artificial intelligence is set to transform India's office space demand, with the workforce projected to grow from 38 million in 2025 to 48 million by 2030.
Vadodara-based Maxwell Engineering Solutions SME IPO subscribed 536.80 times
Maxwell Engineering Solutions' SME IPO was oversubscribed 536.80 times, attracting bids worth Rs 20,368.89 crore, highlighting strong investor interest in its niche market segment.
Dara Khosrowshahi says fuel costs could raise fares India, Brazil
Uber CEO Dara Khosrowshahi warns that rising fuel costs, driven by Middle East tensions, may lead to higher ride prices in India due to driver supply challenges.
Dubai Duty Free accepts UPI from eligible Indian bank accounts
Indian travellers can now use UPI for purchases at Dubai Duty Free, enjoying a 10% discount up to AED 100, enhancing payment convenience while shopping in Dubai.
OpenAI plans market debut in 2027 as enterprise sales surge
OpenAI President Greg Brockman has revealed that the company now earns most of its revenue from enterprise sales.
HDFC Bank lifts FD rates up to 50 basis points
HDFC Bank has increased fixed deposit interest rates by up to 50 basis points, with senior citizens now earning up to 7.20% for select tenures.
Meta offers voluntary exit to about 100 French staff
Meta has reportedly joined Microsoft and Google in offering voluntary exit options to employees, with a deadline of November 5 for interested staff in France.
BOJ raises main rate to 1.25% and signals faster hikes
Bank of Japan policymakers are considering accelerating interest rate hikes if inflation rises faster than expected, as indicated in the minutes of their September meeting.
Blue Star shifts to Indian data centers, seeks ₹8,000cr orders
Blue Star is transitioning from public infrastructure projects to focus on the booming data centre market, aiming for Rs 8,000 crore in order bookings by 2030.
Elara Securities's Harendra Kumar says India can lead AI trade
Harendra Kumar, MD & CEO of Elara Securities, discusses India's potential in the AI sector, highlighting opportunities in data centres, financiers, power, and capital goods.
Mehli Mistry challenges SDTT removal citing vote by Venu Srinivasan
Mehli Mistry, a former trustee of Sir Dorabji Tata Trust, contests his removal, citing procedural irregularities involving Venu Srinivasan's vote after his trustee term ended.
India's office leasing market to be 80-85% green by 2026
Sustainable office spaces are projected to account for 80-85% of total office leasing in India by 2026, driven by a growing focus on energy efficiency and green certifications.
Google Cloud sees clients prefer short flexible AI contracts
Clients are increasingly seeking shorter, flexible cloud agreements to quickly adopt new AI technologies, prompting Google Cloud to adapt its strategies in the competitive market.
Tonbo Imaging shares double to ₹1,445 after ₹23.5cr quarterly profit
Tonbo Imaging's shares surged 14% after announcing a quarterly profit, doubling from its IPO price of ₹700 to ₹1,445 within just 10 trading sessions.
HDFC Bank shares climb to ₹752 amid leadership changes
HDFC Bank shares rose 2.08% to ₹752.00 on Thursday, marking a 12.36% recovery from last week's 52-week low of ₹669.20 amidst strong sectoral tailwinds.
Amit Suxena at SuiteWorld 2026 says AI helps SMBs compete
Amit Suxena of Oracle NetSuite asserts that AI will level the playing field for small and medium businesses, enabling them to compete more effectively with larger enterprises.
Lenskart jumps 10% after strong Q2 earnings
Lenskart's shares jumped over 10% on Thursday after the eyewear retailer reported a massive 122.1% year-on-year (YoY) jump in its consolidated profit for the September quarter.
Bengaluru's Scripbox converts to public limited company ahead of IPO
Bengaluru-based wealthtech startup Scripbox is transitioning to a public company, signaling its preparation for an upcoming initial public offering (IPO).
Alibaba and Tencent lift Hang Seng 3% after US midterms
Hong Kong stocks surged 3% led by technology shares, while mainland Chinese equities posted modest gains as investor sentiment improved following the US midterm election results.
Crude oil slips below $94 as US-Iran war fears ease
Oil prices have been on a downward trend for four consecutive days, with Brent crude futures dropping by 1.03% to $93.65 per barrel and US West Texas Intermediate crude futures falling by 1.29% to $86.98 per barrel on Thursday.
GetWork spins off Flashfox AI after $5 million ARR
GetWork has launched Flashfox AI as a standalone entity, focusing on AI hiring platforms, contributing 52% of the company's revenue and targeting international expansion.
Microsoft ends multibillion-dollar Texas data center deal with NVIDIA-backed nScale
Microsoft has declined to expand its agreement with Nscale for Texas data center resources, foregoing a potential multibillion-dollar deal, according to the Financial Times.
Nomura maintains buy, raises Nykaa parent company target to ₹427
Nomura maintains a 'Buy' rating on Nykaa, raising the target price to Rs 427, driven by expected growth in premiumisation and brand partnerships.
Arkansas Attorney General Tim Griffin sues Kalshi for illegal betting
Arkansas has filed a lawsuit against prediction market Kalshi, accusing it of illegal gambling, adding to the growing list of states taking legal action against the platform.
Sequoia Capital shuts London office to centralize European investing operations
Sequoia Capital is closing its London office to simplify operations, resulting in potential job cuts as European investments shift back to the US.
South Korea's KOSPI falls more than 4% on chip selloff
South Korea's KOSPI index fell over 4%, led by significant declines in Samsung Electronics and SK Hynix, as concerns over tighter AI regulations impacted semiconductor stocks.
Nifty 50 rally lifts India's market to $5 trillion
India's stock market has rebounded, rejoining the $5 trillion market capitalization club, driven by a strong rally in key stocks like Reliance Industries and banking sectors.
Lenskart Q2 FY27 profits jump 122.1% to ₹227.08cr
Lenskart shares jumped over 6% following a 122.1% YoY increase in Q2 net profit, prompting five brokerages to issue bullish ratings with revised target prices.
Regional Indian airlines urge revival of ATF Price Stabilisation Fund
Regional airlines are urging the government to revive the ATF Price Stabilisation Fund with revised terms, as soaring fuel costs force them to cut flights.
Indian markets rally after Democrats's sweeping win and Brent plunge
Foreign investors infused Rs 7,284 crore into Indian equities following the Democrats' US midterm victory, boosting market sentiment and easing economic pressures.
Figma will rely on own design model, monetize AI credits
Figma is leveraging AI credits and its proprietary model to enhance margins, with over 80% of large paid customers using these credits weekly, boosting monetization.
India's Coffee Board cuts forecast to 380,000 metric tons
India's Coffee Board has revised its production estimate to 380,000 metric tons for the fiscal year ending in March, down from over 400,000 tons due to insufficient monsoon rains.
Sensex jumps 1,400 points, Nifty crosses 24,300
India's stock market opened on a high note today, extending its winning streak for the sixth consecutive session.
Lenskart credits AI automation and in-house manufacturing for ₹2,845cr revenue
Lenskart's focus on manufacturing, AI, and R&D is enhancing operating efficiency and expanding profit margins, according to CEO Peyush Bansal following a strong Q2 performance.
Union Bank of India seeks LTCG tax cuts for investors
Union Bank of India recommends a complete exemption from long-term capital gains tax on equity investments held beyond three years to attract stable foreign capital.
Indian markets rally as Nifty tops 24,300, Sensex crosses 78,700
Nifty 50 surged over 400 points to surpass 24,300 as crude oil prices plummeted nearly 10% and a Democratic sweep in the US midterm elections boosted market sentiment.
Sequoia raises $10B while scaling back global operations
Sequoia Capital, a leading global venture capital firm, has announced a major restructuring of its operations. The company has raised around $10 billion in new funds as part of this initiative.
Indian rupee 94.33 versus US dollar strongest over 2 weeks
The Indian rupee rose to a 15-day high of 94.33 against the US dollar, driven by falling crude oil prices and increased foreign portfolio investor inflows.
Arm Holdings beats Q2 revenue forecasts as AI demand rises
Arm Holdings exceeded Wall Street's second-quarter revenue expectations, driven by increased royalty payments and licensing fees from AI-related computing products.
Sensex jumps 1,350 points to 78,719.72 as Nifty up 1.66%
Sensex soared 1,350 points and Nifty approached 24,350 as oil prices hit a two-month low, driven by political developments in the US boosting investor confidence.
Bombay Coated & Special Steels debuts on NSE and BSE
Bombay Coated & Special Steels shares debut on November 5, 2026, with a grey market premium indicating a potential 10% gain over the IPO issue price.
Sensex and Nifty rally 6th straight day on Democrats's gains
The Sensex surged nearly 1,400 points as domestic equity markets rose for the sixth consecutive session, driven by positive global cues and Democrats securing control of Congress.
Who is Emma Walmsley, HP's newly appointed CEO?
HP Inc. has appointed Emma Walmsley as its new Chief Executive Officer (CEO).
Indian rupee rises 5th straight day to 94.35 vs USD
The Indian rupee opened 29 paise higher at 94.35 per dollar as crude oil prices fell, influenced by political developments in the US midterm elections.
India invests $23 billion to build domestic semiconductor industry
India aims to establish a viable semiconductor industry, potentially becoming a key player in global supply chains and reducing Western dependence on China.
Sequoia Capital raises $10 billion and refocuses on fewer startups
Sequoia Capital has raised $10 billion and restructured its operations to focus on selective investments, discontinuing certain programs and simplifying its investment structure.
GoDaddy CEO Aman Bhutani won't read AI written documents
GoDaddy CEO Aman Bhutani insists on employees writing their own ideas, refusing to read documents he suspects are crafted by artificial intelligence.
Indian stocks likely to open higher as crude oil falls
Indian shares are poised for a positive opening on Thursday as crude oil prices hit a two-month low, following the Democrats' victory in the US midterm elections.
South Korea posts $61.5 billion current account surplus September 2026
South Korea achieved a record $61.5 billion current-account surplus in September, fueled by a surge in semiconductor exports amid rising global demand for AI technology.
Greg Brockman says OpenAI revenue shifts to enterprise sales
OpenAI President Greg Brockman announced that the company now derives most of its revenue from enterprise sales and anticipates being ready for an IPO by 2027.
Oil falls 4th day as Brent $93.65 and WTI $86.98
Oil prices have fallen for a fourth consecutive day, driven by expectations that the recent US Congressional elections may lower the risk of escalating conflict with Iran.
Ujani Solapur data center drops green hydrogen and SMR plans
Mass protests by farmers and fishermen have led to the removal of a green hydrogen plant and nuclear reactor from the Ujani data centre project, with a revised MoU forthcoming.
Apple cuts daily AI tool budgets for engineers and nonengineers
Apple has reduced daily AI spending limits for employees, aiming to control costs while still expanding AI use across its operations, according to Bloomberg News.
Arm Holdings shares drop after revenue forecast barely beats expectations
Arm Holdings' shares fell over 5% as its third-quarter revenue forecast of $1.54 billion barely surpassed analysts' estimates, disappointing AI-focused investors.
Democrats's midterm wins ease risks, dollar slips, markets rally
The dollar dipped following Democrat victories in the US midterm elections, reducing political uncertainty and boosting global equities and US Treasuries.
Indian government lowers IndiaAI mission minimum capacity requirement to 512
The government has relaxed GPU procurement terms to aid the IndiaAI Mission, while Lenskart's CEO discusses growth and profitability amid rising eyewear demand.
Indian banks readying for April 2027 ECL rules with RBI
With the expected credit loss (ECL) system set to debut in April 2027, Indian banks are proactively building provisions and buffers to mitigate potential financial impacts.
Apple forecasts lower 1st-quarter margins as memory chip prices surge
Apple's lean supply chain strategy, established under Tim Cook, is challenged by a severe 2026 memory shortage, leading to rising costs and increased inventory commitments.
Persistent Systems raises ₹7,600cr via bonds to buy Germany-based Nagarro
Persistent Systems secured ₹7,600 crore through non-convertible debentures to finalize its acquisition of Nagarro SE, with demand exceeding ₹15,000 crore from top investors.
Noida-based Ripik.ai in talks to raise 150cr from Gaja Capital
Noida-based startup Ripik.ai is in discussions to secure Rs 140-150 crore from Gaja Capital to enhance its AI-driven manufacturing monitoring systems.
Bank of England to raise rates to 4% amid inflation
The Bank of England is anticipated to raise interest rates from 3.75% to 4%, marking the first increase in over three years, amid rising inflation pressures.
Ficci urges LTCG exemption on listed stocks amid 3L/cr outflow
Ficci has urged the government to restore long-term capital gains tax exemption on listed securities while suggesting an increase in securities transaction tax to maintain revenue.
US stocks rally after Democrats's midterm win, Dow +1,569.40
U.S. stocks soared on Wednesday, with the Dow Jones Industrial Average climbing over 1,500 points following Democrats gaining control of Congress in the midterm elections.
Lockheed Martin to pay $29.5 million over diversity program discrimination claims
Lockheed Martin has agreed to pay $29.5 million to settle allegations by the Trump administration that its diversity initiatives discriminated against white employees.
Snapchat surpasses 30 million paid subscribers across premium tiers
Snap has reached over 30 million paid subscribers for its Snapchat+ service, marking a significant growth since February and highlighting the success of its premium offerings.
Figma posts strong Q3 revenue, doubles expected profit, shares slip
Figma shares fell 7% after surpassing Wall Street expectations, as the company focuses on long-term growth by integrating AI, impacting near-term revenue.
Snap Inc. shares fall after missing revenue and daily users
Snap shares dropped over 10% as the company reported third-quarter earnings that missed revenue and daily active user expectations, despite a 14% year-over-year sales increase.
McDonald's shares jump nearly 6% after Q3 profit beat
McDonald's shares increased by 6% after reporting better-than-expected earnings per share, despite a slight decline in U.S. same-store sales.
India proposes sustainable aviation fuel blending on international flights
India plans to implement a 1% sustainable aviation fuel blending requirement for international flights starting January, aiming to reduce carbon emissions in the aviation sector.
SBI leads IBA-backed banks' alliance to tackle AI cyber risks
Large commercial lenders, spearheaded by SBI and guided by the Indian Banks' Association, are collaborating to address rising AI-related cybersecurity risks in the banking sector.
Uber says 3rd-party AI handled 4 rides and 500 deliveries
Uber disclosed that only four rides were arranged by third-party AI agents in the third quarter of 2026, out of 320 million total transactions.
Google extends buyout offers to staff in 5 more countries
Google has extended its voluntary employee buyout program to five new countries. The move comes as part of a cost-cutting strategy amid the company's heavy investments in artificial intelligence (AI).
Lenskart's Q2 profit more than doubles to ₹232.5cr
Lenskart, India's leading eyewear retailer, has reported a massive year-on-year (YoY) growth in its net profit for the September quarter.
Cabinet clears ₹14,500cr scheme for 92GWh energy storage
The Union Cabinet has approved a massive ₹14,500 crore funding scheme aimed at developing 92GWh of new grid-scale energy storage capacity across India.
3,000 points in 3 days: What's driving the Sensex rally?
The Indian stock market has witnessed a massive turnaround in the last few sessions, with the Sensex surging by nearly 3,000 points.
AMD books $1B charge tied to OpenAI, Meta deals
Advanced Micro Devices (AMD) is witnessing a major impact on its profits due to its strategy of giving away stakes in its future success.
India's services growth hits 4-month high
India's services sector, a key driver of the economy, has witnessed its fastest growth in four months.
Canva's biggest restructuring affects 22% of its workforce
Canva, one of Australia's most valuable tech start-ups, has announced a major restructuring plan that will see over 1,200 employees laid off or relocated.
Amul hikes butter, ghee prices ahead of Diwali
Amul has increased the prices of ghee and butter ahead of Diwali. The company has increased the cost of a 1kg carton of ghee by ₹50 to ₹680.
How Indian investors allegedly lost ₹100cr in Stockal trading scam
Nearly 30 retail investors have reported unauthorized access to their Stockal accounts and liquidation of their US stock holdings.
Mukesh Ambani reclaims top spot among Asia's richest billionaires
Reliance Industries chairman and MD Mukesh Ambani has reclaimed the title of Asia's richest person, according to Forbes's Real-Time Billionaires list.
Foreign investors pump $2.3B into Indian stocks in 10 days
Foreign portfolio investors (FPIs) have invested $2.28 billion in Indian equities over the last 10 days.
India's gold demand to hit 6-year low in 2026
India's gold demand is projected to hit a six-year low in 2026, driven by high prices and weakening rural demand, as per the World Gold Council (WGC).
Microsoft to raise $25B through bond sale
Microsoft has announced plans to raise $25 billion through a bond sale.
SBI Q2 profit rises 14% to ₹23,038 crore
State Bank of India (SBI), the country's largest lender, has reported a net profit of ₹23,038 crore for the second quarter of FY27.
GIFT Nifty extends trading hours to 23.5 hours a day
The NSE International Exchange (NSEIX) has announced extended trading hours for the NSE IFSC Nifty 50 Index Futures, popularly known as GIFT Nifty.
Anthropic's Q3 $17B revenue comes with $567M loss
Anthropic, the AI firm behind Claude, has reported an operating loss of $567 million for the third quarter.
Disney plans to lay off thousands: Report
Walt Disney is reportedly planning to lay off thousands of employees as part of a major restructuring effort.
Sensex gains over 900 points: What's driving today's rally?
The benchmark equity indices, Sensex and Nifty, continued their winning streak on Tuesday.
Website builder Squarespace cuts 19% of workforce
Website-building platform Squarespace has announced a major downsizing, laying off 19% of its workforce.
BLS Polymers shares list at 65% premium after 241x subscription
BLS Polymers Ltd. debuted on the bourses today, November 3, with a bang.
Apple revenue jumps 12% to record $114.5B in Q4
Apple has reported a record-breaking revenue of $114.48 billion for its fourth fiscal quarter of 2026, marking a 12% increase from the same period last year.
SUSE cuts 10% of jobs as AI reshapes software industry
SUSE, a leading open-source software company, has announced plans to lay off around 10% of its global workforce.
Oracle plans $20B raise to fuel its AI push
Oracle has announced plans to raise $20 billion through the sale of new stock and bonds.
Chipmaker Marvell buys optical tech firm Lumentum for $115B
Custom chip designer Marvell has announced its acquisition of optical chip and networking equipment maker Lumentum.
Ambani leads Forbes' billionaire gainers list with $6.3B wealth jump
Reliance Industries Chairman Mukesh Ambani has topped Forbes's billionaire gainers list, adding over $6 billion to his fortune in just one day.
Ryanair considers freezing workers' pay amid rising fuel costs
Ireland-based low-cost airline Ryanair is mulling a temporary wage freeze for its employees and has confirmed that airfares will be "materially higher" next summer.
SpaceX considers buying Boost Mobile to enter US wireless market
SpaceX is reportedly in talks with EchoStar's wireless service, Boost Mobile.
IndiGo warns of higher airfares as jet fuel costs soar
IndiGo's CEO, Willie Walsh, has warned that rising operational costs could lead to an increase in airfares.
EPFO lets members check PF balance on WhatsApp
The Employees' Provident Fund Organisation (EPFO) has launched two new initiatives to simplify its services.
Reliance Industries's m-cap crosses ₹17L crore after shares surge 8%
Reliance Industries Limited (RIL) has witnessed a massive spike in its market capitalization, which crossed ₹17 lakh crore on Monday.
IPO-bound Anthropic eyes $3.5B funding from Japanese investors
Anthropic, a leading artificial intelligence (AI) start-up, is gearing up for an initial public offering (IPO) in the US.
Diwali shopping gets costlier as prices rise across categories
Diwali shopping has become more expensive this year, with prices of appliances rising by 3-7%, traditional sweets by 15%, and pistachios nearly doubling from last year.
India's manufacturing growth slows as PMI falls to 54.7
India's manufacturing sector witnessed a slowdown in October, with the HSBC India Manufacturing Purchasing Managers's Index (PMI) dipping to 54.7 from September's 55.1.
ED files money laundering case against Subhash Chandra
The Enforcement Directorate (ED) has filed a money laundering case against media mogul Subhash Chandra.
How China's new curbs put India's infrastructure projects at risk
China's recent export restrictions on tunnel-boring machines and critical components could pose a threat to India's metro, bullet train, and Himalayan infrastructure projects.
SEBI backs removal of LTCG tax for foreign investors
The Securities and Exchange Board of India (SEBI) has recommended the government scrap the long-term capital gains (LTCG) tax on foreign investors.
Digital lender Fibe makes UPI debut
Digital lending platform Fibe has expanded its financial services portfolio by launching Unified Payments Interface (UPI) services on its app.
JioHotstar launches ads that let viewers shop while streaming content
JioHotstar has launched a new advertising format, StreamToCart Ads, to revolutionize digital marketing.
South Korea unveils record budget focusing on AI and chips
South Korea has announced its largest-ever budget for 2027, with a major focus on artificial intelligence (AI) and semiconductors.
Start-up funding in India falls 61% year-on-year in October
Indian start-ups raised $678 million in October, marking a significant 47.5% decline from the previous month. The drop is largely attributed to the absence of major funding rounds during this period.
New GST rules kick in: What changes for businesses?
The Goods and Services Tax (GST) regime in India has undergone some major changes from November 1.
Tesla, Samsung oppose Trump's new tariffs on Vietnam
Tesla and Samsung have opposed the imposition of new tariffs on Vietnamese goods by the US.
Binance's net-outflows reach $3.6B as withdrawals resume after $6.3B hack
Binance, one of the world's largest cryptocurrency exchanges, has announced a phased resumption of its withdrawal services.
Gold crashes to 1-year low: Is it time to buy?
October 2026 proved to be a tough month for precious metals like gold, silver, and platinum.
IDBI Bank strike begins today: What customers need to know
IDBI Bank has issued a customer advisory ahead of a two-day bank strike starting today.
RIL shares jump 6% as company reports record quarterly performance
Shares of Reliance Industries Limited (RIL) jumped 6% to ₹1,238.70 today, following the company's strongest-ever quarterly performance.
Sensex jumps 1,000 points: What's behind today's rally?
India's stock market indices, the Sensex and Nifty, opened on a high note today. The surge comes as oil prices retreated from a six-month high amid ongoing talks to end the US-Iran war.