Business News
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India may mandate 1% SAF for international flights by 2027
India plans to mandate a 1% sustainable aviation fuel blend in international flights starting 2027, aiming to reduce emissions and boost domestic SAF production.
Microsoft's AI research head resigns, calls situation a 'train wreck'
John Langford, the mind behind Microsoft's AI research group, AI Frontiers, has resigned from the tech giant.
Meesho buys 92.74% of Kirana Club, Retail Pulse Labs ₹186.71cr
Meesho Limited has acquired a 92.74% stake in Kirana Club and its subsidiary, Retail Pulse Labs, for ₹186.71 crore to enhance its B2B tech capabilities in the retail sector.
IRDAI launches grievance redressal camps across 16 cities Nov 13-27
The Insurance Regulatory and Development Authority of India (IRDAI) will organize 16 grievance redressal camps across various cities from November 13-27.
Zomato launches limitless delivery allowing orders from 40km away
Zomato has unveiled its Limitless Delivery feature, enabling users in seven cities to order from restaurants up to 40 km away, expanding access to popular eateries citywide.
SBI opens 1st US branch outside California in Frisco
State Bank of India has opened a new SBIC Bank branch in Frisco, North Dallas, marking its first location outside California and increasing its US subsidiary branches to eight.
Tata Steel Q2 net profit up 18% to 3,660 cr
Tata Steel reported an 18% increase in net profit for the September quarter, reaching ₹3,660 crore, driven by improved realisation and a 12% rise in revenue to ₹64,974 crore.
Coca-Cola's Indian bottler files draft papers for $1B IPO
Hindustan Coca-Cola Holdings (HCCH), the parent of Hindustan Coca-Cola Beverages (HCCB) and The Coca-Cola Company's largest bottling partner in India, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
Indian government considers capping trade margins on anti-infective drugs
The central government is considering capping trade margins for anti-infective medicines, following oncology drugs, due to high trade margins exceeding 100 percent.
Sequoia shuts London office, ends scout program in major restructuring
Sequoia Capital, one of the world's leading venture capital firms, has announced a major restructuring.
Motilal Oswal rates Bharat Forge neutral at ₹1,800 citing valuations
Motilal Oswal maintains a Neutral rating on Bharat Forge with a target price of Rs 1800, citing current valuations and expected growth in revenue, EBITDA, and PAT over FY26-28.
Gordon Brothers received £18.3m as Poundland risks 10,000-plus jobs
Gordon Brothers has received £18.3m in fees and interest since acquiring Poundland, as the retailer faces potential insolvency, risking over 10,000 jobs.
ICICI Securities gives Hindalco Industries ₹1,200 target citing smart moves
ICICI Securities has issued a buy rating for Hindalco Industries, setting a target price of Rs 1200, driven by expected improvements in volumes and profitability through FY27.
ICICI Securities keeps hold on Apollo Hospitals, sets ₹8,500 target
ICICI Securities maintains a hold rating on Apollo Hospitals with a target price of Rs 8,500, following strong Q2FY27 performance across its business verticals.
ICICI Securities maintains buy on Bharat Forge with ₹2,150 target
ICICI Securities recommends a buy on Bharat Forge, citing strong growth prospects and a target price of Rs 2,150 despite inflationary pressures affecting recent earnings.
ICICI Securities gives buy call on Apollo Tyres at ₹500
ICICI Securities recommends a buy on Apollo Tyres, setting a target price of Rs 500, citing potential profitability improvements and healthy demand in the Indian market.
ICICI Securities sets ₹1,095 target, forecasts H2FY27 pickup
ICICI Securities recommends a buy rating for Chalet Hotels, setting a target price of Rs 1,095 due to anticipated revenue growth and strategic expansions.
ICICI Securities gives Cera Sanitaryware buy, forecasts 18-20% FY27 revenue
ICICI Securities recommends a buy on Cera Sanitaryware, citing strong revenue growth and an improving operational outlook, with a target price of Rs 7,578 by September 2027.
Jefferies signals AI investment could peak, India allocation now 14%
Jefferies signals potential peak in global AI investments, citing financing concerns, while increasing India's allocation in its Asia-Pacific ex-Japan portfolio to 14%.
Hindustan Coca-Cola Holdings files ₹9,500 cr offer for sale IPO
Hindustan Coca-Cola Holdings has filed draft papers with SEBI for a Rs 9,500 crore IPO, aiming for a $10 billion valuation through an offer for sale of equity shares.
ED raids CoinDCX, Delta offices over alleged exchange violations
The Enforcement Directorate (ED) has raided the offices of cryptocurrency platforms CoinDCX and Delta Exchange in Bengaluru.
Voltas appoints Noel Tata as Chairman Emeritus
Leading cooling products manufacturer Voltas has announced the appointment of Noel N Tata, Chairman and Director of the company, as its new Chairman Emeritus.
Shailender Kumar: Indian firms move AI from pilots to production
Indian businesses have transitioned from AI pilot projects to full-scale deployment, realizing tangible benefits despite challenges in cost, skills, and infrastructure.
Nifty posts biggest weekly gain since January 2021, adds ₹28L/cr
Indian stocks soared as the Nifty gained 8.58% during the week, marking its strongest rise in six years, driven by US midterm election results and robust foreign investor inflows.
IL JIN IPO seeks ₹2,500cr for debt and upgrades
IL JIN Electronics (India) Ltd has filed draft papers with SEBI to raise ₹2,500 crore through an IPO, aiming to fund debt repayment and expand manufacturing capabilities.
From December 7 NSE shortens CAS and extends derivatives trading
The National Stock Exchange (NSE) will implement changes to the Closing Auction Session and equity derivatives trading hours starting December 7, following SEBI's recent review.
BSNL and Vodafone Idea expand roaming to boost connectivity
BSNL plans to extend its inter-circle roaming agreement with Vodafone Idea to 12-13 additional circles, enhancing network coverage for both operators.
Sugar Cosmetics cuts losses 41% to ₹79.3 cr in FY26
Sugar Cosmetics reduced its net loss by 41% in FY26, despite an 11% decline in revenue, as the company significantly lowered expenses amid a challenging market environment.
OpenAI hits $1.25 trillion valuation on $11B funding round
OpenAI has reportedly raised $11 billion in a new funding round, valuing the artificial intelligence (AI) lab at a whopping $1.25 trillion.
IEA warns global gas squeeze could create tight 2026-27 winter
Global natural gas supplies may tighten during the 2026-27 winter due to disruptions in LNG trade through the Strait of Hormuz, warns the IEA.
India AI and cloud surge boosts Equinix and ESDS exec pay
India's data centre executives are seeing significant salary increases as the industry expands, driven by cloud and AI demand, with top earners receiving multi-crore pay packages.
Dhanteras 2026 jewelry gold sales up 15-20% to ₹60,000cr
Indians bought significant amounts of gold and silver during Dhanteras 2026, with jewellers reporting increased footfalls and sales driven by price corrections in precious metals.
PNB fraud: Court issues non-bailable warrant against Jayesh Shah
A special Central Bureau of Investigation (CBI) court has issued an open-ended, non-bailable warrant against Jayesh Shah, a Hong Kong-based accused in the Punjab National Bank (PNB) fraud case.
STOXX 600 falls as US Democratic win fuels AI worries
European markets dipped 1% as insurance stocks led a selloff, driven by AI investment concerns following a Democratic victory and JPMorgan's downgrade of German reinsurers.
Suryoday Small Finance Bank leads with 8.6% 5-year senior FDs
Senior citizens can earn up to 8.6% interest on fixed deposits with a five-year term, with Suryoday Small Finance Bank leading in offering these attractive rates.
Wall Street rebounds as chipmakers rally, indexes end week lower
Wall Street rebounded from its 18-month low, driven by a sharp recovery in semiconductor stocks, as investors reassessed the impact of Democratic election victories.
India's AIRF seeks pay, promotions from 8th Pay Commission
The All India Railwaymen's Federation has submitted six key demands to the 8th Pay Commission, seeking improved salaries, promotions, and allowances for railway employees.
CBI issues nonbailable warrant for Jayesh Shah in PNB scam
A special CBI court has issued an open-ended, non-bailable warrant against Hong Kong-based Jayesh Shah in the ₹13,579-crore PNB fraud case involving Mehul Choksi's Gitanjali Group.
Google bought Crusoe's Wyoming data center and plans $17 billion
Crusoe has sold its unfinished Wyoming data center project to Google, which plans a $17 billion investment after concerns over cost and timeline under Crusoe's management.
Bitcoin steadies around $75,600 after massive $6.3 billion Binance hack
Bitcoin stabilized around $75,600 after a sharp selloff triggered by a $6.3 billion Binance hack and political shifts in Congress, with smaller cryptocurrencies remaining flat.
S&P 500 drops 2.7% on Democrats's midterm win, AI concerns
The S&P 500 experienced its largest weekly decline since April 2025, driven by concerns over the AI trade following the Democrats' sweep in the US midterm elections.
Musk: SpaceX government contracts under 10% then 5% next year
Elon Musk announced that SpaceX's government revenue will decrease to 5% next year, as the company shifts focus away from federal contracts.
Equinix expands in India after $365 million digital infrastructure investment
Equinix, the world's largest data centre operator by footprint, plans to expand in India by securing land in metro cities to support growing AI workloads.
Indian companies offer Diwali perks including remote work and gifts
Companies in India are enhancing Diwali celebrations with extended weekends, flexible work options, and extra pay for employees working during the festival.
Longtime Google executive Donald Harrison resigns from SpaceX board
SpaceX announced that Google executive Donald Harrison has resigned from its board, with his departure not due to any disagreements with the company's operations or policies.
AI and tech stocks rebound as Nasdaq rises 1.1%
AI and tech stocks saw a slight recovery after a massive sell-off erased trillions in market value, with the Nasdaq Composite rising 1.1% following a 5.5% drop.
Sensex logs best pre-Diwali run in 35 years, ₹49,500cr inflows
The Sensex experienced a remarkable 10.6% increase over a seven-session pre-Diwali rally, marking its best performance in 35 years.
Adani Green Energy adds 3GWh Khavda batteries easing grid constraints
Adani Green Energy is investing in battery energy storage systems to mitigate curtailment challenges, enhancing flexibility and reducing wastage in renewable power generation.
Noel Tata to step down as Voltas chairman and director
Noel Tata will retire as Voltas Chairman on November 11, with Sunil D'Souza set to succeed him as Chairman effective November 12, 2026.
Dhanteras gold down ₹3,000 to ₹1.41L pushes value nearly 20%
A ₹3,000 per 10 gm drop in gold prices spurred an 8-10% increase in sales volume and an 18-20% rise in value growth during Dhanteras.
Mary Daly, San Francisco Fed head, says more hikes possible
San Francisco Fed President Mary Daly indicated that further interest rate hikes are likely necessary to combat persistent inflation, despite uncertainties in timing and magnitude.
OpenAI, Arm and Qualcomm executives calm after Democratic midterm selloff
Executives from OpenAI, Arm, and Qualcomm shared their perspectives on the recent market sell-off following the Democratic sweep in the midterm elections.
NVIDIA rally lifts Nasdaq after midterms amid jobs uncertainty
AI stocks rebounded on Friday, with Nvidia gaining 5.6%, while other US stocks struggled amid political uncertainty and stronger-than-expected US jobs data.
MobiKwik gets RBI nod to start NBFC operations
MobiKwik Financial Services Private Limited (MFSPL), a wholly-owned subsidiary of One MobiKwik Systems, has received the Reserve Bank of India's (RBI) Certificate of Registration to operate as a Non-Banking Financial Company (NBFC).
BSNL, Vodafone Idea in talks to share network infrastructure: Report
State-owned telecom giant Bharat Sanchar Nigam (BSNL) and private operator Vodafone Idea are reportedly in discussions to share network infrastructure.
Mamaearth parent Honasa's Q2 profit jumps 87% to ₹73 crore
Honasa Consumer Limited, the parent company of Mamaearth, has reported stellar financial results for the September quarter (Q2FY27).
Dhanteras to generate over ₹1 lakh crore in business: CAIT
The Confederation of All India Traders (CAIT) has predicted that Dhanteras will generate over ₹1 lakh crore in business across India today.
Centre clears 12 electronics projects worth ₹7,500 crore
The Indian government has approved 12 projects under the Electronics Component Manufacturing Scheme (ECMS), with a combined investment of over ₹7,500 crore.
Gujarat Energy signs 10-year LNG deal with ADNOC
Gujarat Energy has signed a long-term Sales and Purchase Agreement (SPA) with Abu Dhabi National Oil Company (ADNOC) to procure up to four million tons of Liquefied Natural Gas (LNG).
Sensex rallies 1,000 points as global markets tumble
The Indian stock market has shown remarkable resilience on November 6, defying weak global cues and continuing its upward trajectory.
Indian rupee hits 6-month high against US dollar
The Indian rupee has hit a six-month high of 94.08 against the US dollar on Friday, its strongest intraday level since May 7.
Oil tops $100 amid tanker attacks in Strait of Hormuz
Crude oil prices have surged in response to reports of fresh attacks on tankers in the Strait of Hormuz.
NCLT declares Videocon promoter Venugopal Dhoot bankrupt
The National Company Law Tribunal (NCLT), Mumbai bench, has declared Venugopal Dhoot, the promoter of Videocon Industries, as bankrupt. The ruling comes after a ₹12,668 crore claim by the State Bank of India (SBI).
KLM to cut 1,000 jobs
Dutch airline KLM has announced plans to cut around 1,000 jobs in the coming years. The decision comes as a response to rising fuel prices and higher operating costs.
Why Anthropic's $1.5T IPO is facing pushback from investors
Anthropic's proposed $1.5 trillion valuation for its IPO is facing resistance from major investors, The Wall Street Journal reported.
Why Noel Tata is stepping down as Titan vice-chairman
Noel Tata, the Vice-Chairman and non-executive non-independent director of Titan Company Ltd, will retire from his position on November 12.
Nasdaq enters correction territory
The Nasdaq Composite Index has entered correction territory, having fallen over 5% on Thursday.
Tesla, SpaceX lose over $420 billion after US midterm results
Elon Musk's companies, Tesla and SpaceX, have witnessed a massive dip in their combined market capitalization by over $420 billion.
China's 10-year bond yield hits record low
China's 10-year government bond yield has hit an all-time intraday low of 1.58%, according to Bloomberg.
Gaming software provider Unity in talks for takeover
Unity Software, a leading provider of gaming software, is in talks for a potential acquisition by a consortium of investors. according to Reuters.
Jack Dorsey's Block conducts 2nd round of layoffs this year
Twitter co-founder Jack Dorsey's fintech company Block has laid off employees for the second time this year.
Apple seeks $7 billion through bond sale
Apple is looking to raise around $7 billion through a US-dollar bond offering, Bloomberg reported on Thursday.
Foreign investors pump $1.6B into Indian stocks in one day
India has witnessed its biggest single-day foreign investment in nearly six years, with overseas investors buying Indian equities worth ₹14,796 crore on Thursday.
$2.5T wiped out as Nasdaq plunges 5.5% in one day
The Nasdaq Composite index nosedived by a staggering 5.52% on Thursday, marking its biggest single-day decline in 19 months.
Adani Ports acquires European storage giant Evos for €2.5B
Adani Ports and Special Economic Zone Limited (APSEZ) has announced its plan to acquire a 100% stake in Netherlands-based Evos B.V.
Bharti Airtel Q2 profit rises 31% to ₹8,888cr
Bharti Airtel has reported a 31% increase in its net profit for the quarter ending September 30, 2026. The telecom giant's net profit stood at ₹8,888 crore during this period.
Muhurat trading on November 8: Check NSE, BSE timings
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will host a special Muhurat trading session on Sunday, November 8, 2026. The event is being held to celebrate Diwali Laxmi Pujan.
M&M Q2 profit jumps 25% to ₹4,588 crore
Mahindra & Mahindra has reported a robust 25% year-on-year increase in its consolidated net profit for the second quarter of FY27.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Who is Emma Walmsley, HP's newly appointed CEO?
HP Inc. has appointed Emma Walmsley as its new Chief Executive Officer (CEO).
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.