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Raoul Pal warns of economic singularity within 4 years
Crypto investor Raoul Pal predicts that rapid advancements in AI and related technologies could destabilize current economic systems within the next four years.
FATF members in Paris significantly accelerate virtual asset standards implementation
The Financial Action Task Force (FATF) has announced new measures to combat virtual asset crimes, fraud, and scam compounds globally.
India drops petrol export tax, revises diesel and ATF duties
The Indian government eliminated the export duty on petrol and increased levies on diesel and ATF to ensure domestic energy supply amid global crude price fluctuations.
Government forms 6-member committee to improve relief for exporters
The commerce ministry has established a six-member committee to enhance the utilisation of funds and improve the uptake of the RELIEF initiative for exporters.
SBI Research: Indian households now spend about 67% on nonfood
Indian households are increasingly allocating more of their budgets to non-food goods and services, with non-food items comprising nearly 67% of total expenditure.
VMO2 plans up to 4,000 job cuts amid £22bn debt
Virgin Media O2 plans to cut thousands of jobs as part of a cost-reduction strategy, driven by concerns over its £22bn debt and lackluster UK economic growth.
Best Agrolife posts 48% profit to 57.46cr despite monsoon
Best Agrolife Ltd reported a 48% increase in consolidated net profit to ₹57.46 crore for Q2 FY27, despite a decline in total income due to challenging market conditions.
IN-SPACe to invest 67.15cr in 4 Indian space startups
IN-SPACe has allocated Rs 67.15 crore to four Indian startups developing innovative space technologies, including engines for small satellites and precision navigation systems.
India commercial credit rises 55.4% to ₹17.5L/cr, non-food loans more-than-doubled
Bank lending to India's commercial sector rose by 55.4% to ₹17.5 lakh crore during April-August FY27, driven by strong credit demand across industries and services.
SEBI proposes support network for independent directors, Tuhin Kanta Pandey
SEBI Chairman Tuhin Kanta Pandey announced a new capacity-building network aimed at enhancing the skills and effectiveness of independent directors in India.
Shruti Tripathi Chopra rings LSE bell for Financial News list
Shruti Tripathi Chopra, an Indian-origin financial journalist, made history by ringing the closing bell at the London Stock Exchange during a Diwali celebration.
Sam Altman met Samsung in South Korea to discuss AI
OpenAI CEO Sam Altman met with Samsung executives in South Korea to discuss collaboration on memory chips and AI infrastructure amid intensifying global shortages.
Bengaluru-based Boba Bhai revenue jumps to ₹68cr, losses hit ₹21.8cr
Bengaluru-based Boba Bhai saw its revenue more than double to Rs 68 crore in FY26, while losses widened to Rs 21.8 crore amid rapid expansion.
US probes megaspeed executive Alice Huang over China chip smuggling
Alice Huang, a senior executive at Megaspeed, is under investigation for allegedly smuggling Nvidia AI chips to China and gathering sensitive information.
Alaska Air Group cuts 200 noncontract jobs, limiting $700 million loss
Alaska Air Group plans to eliminate around 200 non-contract positions due to rising fuel prices and geopolitical challenges, potentially leading to a $700 million annual loss.
Yulu posts ₹281cr revenue, rentals grow over 30%, losses ₹97cr
Yulu Bikes reported a revenue of Rs 281 crore and a narrowed loss of Rs 97 crore for the fiscal year ending March 2026, driven by increased electric vehicle rental income.
Lava raises smartphone prices up to ₹3,000 citing memory shortages
Lava will revise its smartphone prices by up to ₹3,000 due to ongoing memory shortages, with new prices effective from November 15, 2026.
Nazara invests $77 million in UK arm for 2 Spanish studios
Nazara Technologies has infused ₹734 crore into its UK subsidiary to fund the acquisition of Spanish gaming firms Bluetile Games and Bestplay Systems.
Binance $6.3B hack linked to North Korean hackers prompts reforms
Following a $6.3 billion hack of Binance, crypto exchanges are rapidly strengthening defenses and advocating for industry-wide information-sharing to prevent future breaches.
Centre forms high-level committee to review India's banking sector
The Indian government has formed a five-member high-level committee to review the country's banking sector.
SEBI clears Ratnadeep Retail ₹400cr IPO with promoter share sale
Ratnadeep Retail Limited has received approval from SEBI to raise funds through a ₹400 crore initial public offering, combining fresh equity and an offer for sale.
Intel stock crash wipes $12B off US government's stake
Intel's stock suffered its worst single-day decline since the 1970s, plummeting by a staggering 29% on Friday.
Indian travelers can now use UPI at Burj Khalifa
Indian travelers can now use Unified Payments Interface (UPI) apps for online bookings at major tourist attractions in the UAE and Singapore.
LIC Housing Finance posts 12% September quarter profit at ₹1,507cr
LIC Housing Finance's consolidated net profit rose 12% year-on-year to ₹1,507 crore, driven by improved asset quality and a reversal of impairment charges.
Intel, Reddit plunge 29% as Nasdaq suffers worst-fall since June
The Nasdaq composite index witnessed its worst fall since June, with major tech companies like Intel and Reddit taking a huge hit.
Intel's 29% plunge worst since 1970s erases $12B US stake
Intel's shares plummeted 29%, marking their worst day since the 1970s, erasing over $12 billion from the US government's stake due to a factory shutdown and weak PC market.
TVS Capital launches TVS Alts private credit fund, ₹750cr target
TVS Capital Funds launches 'TVS Alts' to enter the private credit market, targeting ₹750 crore with a focus on secured lending to performing mid-market firms.
Nifty reclaims 23,000 as FIIs invest 6,304.67 cr Sensex surges
The Nifty index rebounded sharply to surpass the 23,000 mark, driven by foreign institutional investors turning net buyers and a stable rupee.
Binance suffers $6.3bn hack blamed on North Korea's TraderTraitor group
Hackers stole over $6 billion from Binance, marking the largest cryptocurrency heist ever, with North Korea's TraderTraitor unit suspected of involvement.
S&P Global shifts Meta credit outlook negative after Nasdaq dip
S&P Global Ratings has revised Meta Platforms Inc.'s credit outlook to negative, citing concerns over the company's elevated AI spending and limited monetization capabilities.
OpenAI cuts fundraising to $20B and trims valuation to $1.25T
OpenAI has reduced its fundraising target to $20 billion and valuation to $1.25 trillion, responding to a sharp AI-related stock selloff impacting the Nasdaq 100.
Anthropic files for US IPO after $11.55B revenue, operating profit
Anthropic PBC filed for an IPO amid soaring revenues, domestic air passenger traffic saw a significant decline, and Ather Energy reported its first quarterly net profit.
IIT and IIM grads take AI roles as startups surge
Fewer IIT and IIM graduates are founding startups in 2026, as AI-related jobs become more appealing despite a rise in overall startup activity in India.
AI automates routine hiring as firms shift to senior roles
Recruitment firms are transforming their operations as AI tools streamline tasks like resume sourcing and initial interviews, prompting shifts in billing models and staffing needs.
Dropbox and Front cut 110 San Francisco jobs this week
San Francisco's tech industry faces another blow as Dropbox and Front announce over 100 job cuts, contributing to the nearly 14,500 positions eliminated in the region this year.
India and Brazil on track to hit $20 billion trade
India and Brazil are deepening economic ties, with bilateral trade expected to hit $20 billion, focusing on critical minerals, artificial intelligence, and defence cooperation.
Donald Trump pushes 'Super intelligence' rebrand, tech firms use SI
Tech leaders have eagerly adopted Trump's rebranding of AI as "Super Intelligence," showcasing their willingness to comply with his directives despite the absurdity.
Verra Mobility removes Flock partnership mentions amid NYC scrutiny
Verra Mobility, holding a $1 billion contract for NYC traffic enforcement, is allegedly concealing its past partnership with the controversial surveillance firm Flock.
Cancer drug prices in India rise 700% despite NPPA caps
Anti-cancer drug mark-ups have soared to 700% in 2026, despite the NPPA's 30% trade margin cap introduced in 2019, highlighting the ineffectiveness of one-time price reductions.
Wall Street falls as Intel plunges 30% after gloomy outlook
Wall Street stocks dropped sharply as major technology companies reported disappointing results, with Intel experiencing a historic 30% fall amid concerns over AI spending.
US tech giants reduce shareholder payouts amid AI spending surge
In 2026, major US tech firms returned just 9.3% of their generated cash to shareholders, as AI-driven capital spending doubled, squeezing traditional buyback strategies.
Private equity firms add AI disruption clauses to buyout loans
Private equity firms are incorporating AI disruption clauses in buyout loan agreements, allowing companies to delay default consequences.
Suzlon Energy cuts FY27 operating margin target to 15%
Suzlon Energy has revised its FY27 operating margin guidance to 15% due to an unfavorable project mix and rising costs, down from the earlier projection of 17%.
Tamil Nadu imposes ₹10 environmental cess, Tasmac offers buyback
Starting November 1, Tasmac will increase liquor prices by ₹10, offering refunds for returned bottles to promote environmental responsibility.
SpaceX market value falls more than $400B since October 6
SpaceX has seen its market value drop by over $400 billion since early October, driven by share lockup expirations and broader technology sector challenges.
Gold and silver prices dip in India and globally
Gold and silver prices experienced a sharp decline, with MCX gold dropping to ₹1,38,386 per 10 grams and silver falling to ₹1,79,308 per kg amid global economic concerns.
Atomberg Technologies gets SEBI nod for IPO
Mumbai-based consumer appliances maker Atomberg Technologies has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
NVIDIA may back Nscale's loan for Anthropic data center
NVIDIA is reportedly in talks to provide credit guarantees worth billions of dollars to AI cloud provider Nscale.
US to block Chinese telecoms from accessing American phone numbers
The US is preparing to bar Chinese telecom firms from direct access to American phone numbers.
Meta loses French court appeal over payments for publishers' rights
Meta Platforms has lost its appeals against interim measures imposed by French regulators over media organizations' publishing rights.
Jio Platform's Nifty entry could bring ₹36,500cr in passive buying
Jio Platforms, India's second-most valuable company with a market capitalization of ₹13 lakh crore, may be added to the Nifty 50 index in September 2027. The BSE Sensex index could follow suit in December 2027.
RBI tightens checks on banks amid rising cyberattack threats
The Reserve Bank of India (RBI) is tightening its grip on banks amid the growing threat of cyberattacks.
Why Google, Amazon, Intel shares crashed up to 23%
Shares of tech giants Alphabet (Google), Amazon, and Intel plummeted on Thursday. The decline was as steep as 23% in after-hours trading.
Alleged Chinese spy developed close ties with NVIDIA CEO
Alice Huang, a Chinese national and former executive at Megaspeed, has been accused of espionage.
Sensex gains over 550 points: What's behind today's rally?
India's benchmark indices, the Sensex and Nifty, have bounced back from their earlier losses to trade in the green on October 30. The recovery is due to various reasons, including buying in IT shares.
Starbucks India cuts FY26 losses 27% as revenue hits ₹1,367cr
Starbucks India has reported a modest 7% year-on-year growth in its revenue from operations for fiscal year 2026 (FY26).
India's extreme poverty rate drops from 27.1% to 2.6% but....
India's extreme poverty rate has dropped to 2.6% in 2023 from the 27.1% recorded in 2011, according to the World Bank's October 2026 Poverty and Equity Brief.
Amazon reports $42.4B cash outflow as AI spending surges
Amazon has reported a massive cash burn in Q3.
Crude oil prices hit 6-month high of $118
Oil prices surged on October 30, amid fears of a possible US military strike against Iran.
India's credit card spending falls for first time since 2021
Credit card spending in India fell by 5.9% year-on-year (YoY) to ₹2.04 lakh crore in September 2026.
Microsoft launches $25B bond sale to fund AI expansion
Microsoft is planning its first US investment-grade bond sale in over nine years, with an aim to raise about $25 billion.
Cryptocurrency prices crash as Binance probes $6B hack
Cryptocurrency prices have taken a hit after Binance, the world's largest crypto exchange, flagged a possible security breach.
Walmart investigates Flipkart staff over alleged ₹150cr in brand favors
Walmart, the US retail giant and parent company of Flipkart, has launched an internal investigation into alleged financial misconduct at the Indian e-commerce company, Moneycontrol reported.
DoorDash acquires grocery delivery platform Instacart for $17B
DoorDash has announced its intention to acquire US-based grocery delivery service, Instacart, for a whopping $17 billion.
ECB chief Christine Lagarde to step down in February 2027
The European Central Bank (ECB) has announced that its president Christine Lagarde will step down nine months ahead of schedule.
Pakistan's imports from India up 69% despite trade ban
Despite the ongoing trade ban between India and Pakistan, the latter's imports from its neighbor have skyrocketed by nearly 69% in the first quarter of FY27.
Why Sam Altman is disappointed with MBA students
Sam Altman, the CEO of OpenAI, has urged MBA graduates and aspiring entrepreneurs to look beyond conventional career paths.
Why Toblerone parent has sued a British vegan chocolate brand
Mondelez International, the company behind the iconic Swiss chocolate bar Toblerone, has filed a lawsuit against British vegan chocolate brand Catherine's Originals.
Air India, IndiGo, Akasa's Saudi flights canceled till November
Major Indian and international airlines have extended their flight cancellations to several destinations in Saudi Arabia until November.
India's Q2 growth pegged at 7.35%
India's economy is projected to grow at a rate of 7.35% in the second quarter (Q2) of the fiscal year 2026-27 (FY27), according to the Finance Ministry's latest economic report.
Indians can now buy US stocks through Groww, Zerodha
Groww is now allowing retail investors to invest in US stocks. The move comes as a response to the continued underperformance of the Indian market, giving investors a chance to diversify their portfolios.
Equitas Bank shares crash as CEO quits over conflict concerns
Equitas Small Finance Bank's shares plummeted by nearly 16% on Thursday, following the resignation of its Managing Director and CEO, P N Vasudevan.
Ather is now worth 3.5 times Ola Electric
Ather Energy, a leading electric two-wheeler manufacturer, has witnessed an impressive surge in its stock price over the past week.
BLS Polymers IPO subscription crosses 45x on final day
BLS Polymers' initial public offering (IPO) witnessed strong demand on its last day of bidding.
Alphabet shares tank 10% despite Google Cloud's 103% growth
Alphabet, the parent company of Google, has witnessed a sharp decline in its shares post the release of its third-quarter earnings.
Shell's Q3 profit doubles to $10.8B thanks to Iran war
Shell has reported a massive jump in its profits for the third quarter of 2026, driven by rising oil and gas prices due to the ongoing conflict in the Middle East.
ESIC's amnesty scheme ends December 31: Check your eligibility, benefits
The Employees' State Insurance Corporation (ESIC) has announced an extension for its New Amnesty Scheme 2025.
Why India's aviation industry is staring at ₹38,000cr loss
India's aviation industry is likely to witness a surge in net losses this fiscal year, with estimates ranging from ₹36,000 crore to ₹38,000 crore.
EPFO to soon invest in alternative investment funds
The Employees' Provident Fund Organisation (EPFO) is preparing guidelines to invest in alternative investment funds (AIFs). This comes five years after the government approved such investments.
Why Reliance is closing its Hamleys subsidiary in the UK
Reliance Industries's step-down subsidiary, Hamleys (Franchising) Ltd, is facing a voluntary strike-off from the UK company register.
This is Nike's 1st-ever running shoe made for India
Nike has unveiled its first-ever running shoe specifically designed for the Indian market.
Foreign investors flee stocks, but FDI into India jumps 43%
India witnessed a significant increase in net foreign direct investment (FDI) inflows during the April-August period.
Disney lays off hundreds of employees across theme parks division
Walt Disney Co. is laying off between 100 and 200 employees from its theme parks division, The Los Angeles Times reported.
Carlsberg India files updated IPO papers with SEBI
Carlsberg India, the Indian subsidiary of Danish brewing giant Carlsberg, has filed updated draft papers with the Securities and Exchange Board of India(SEBI) for its initial public offering (IPO).
Australian regulator probes failed $5B Firmus IPO
Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), is looking into the failed $5 billion initial public offering (IPO) of AI data center operator Firmus.
Shocker! Around ₹35cr missing from PNB accounts in Greater Noida
Around ₹35 crore has allegedly gone missing from savings accounts and fixed deposits at a Punjab National Bank (PNB) branch in Greater Noida's Aichhar area.
SpaceXSI will buy your home in US under this condition
Residents of a Mississippi neighborhood are being offered deals by Elon Musk's artificial intelligence (AI) firm, SpaceXSI.
Zomato's 'Mehmaan mode' to hide prices during group orders
Zomato, the popular food delivery platform, is gearing up to introduce a novel feature called 'Mehmaan mode.'
Amazon cuts 250 jobs in devices unit
Amazon has laid off around 250 employees from its devices and services unit. The decision comes after a series of product launches, including new Kindle e-readers and tablets.
Jio shares jump 5% after 21% IPO debut
Jio Platforms' shares witnessed a massive surge, jumping another 5% on Thursday.
AI attacks steal ₹300cr from India's small NBFCs
India's non-banking financial companies (NBFCs) have suffered an estimated loss of ₹300 crore due to a spate of recent cyberattacks, as per a report by the Economic Times.
US Fed keeps rates unchanged after September hike
The US Federal Reserve has decided to keep its benchmark interest rate unchanged, a move that came as little surprise given the persistent inflationary pressures.
Why Samsung shares crashed despite $80B profit in Q3
Samsung Electronics has posted a record operating profit of 107.4 trillion won (around $80.04 billion) for the third quarter of this year.
Microsoft earned $10B from OpenAI partnership
Microsoft has reported a whopping $10 billion in revenue from its commercial agreements with OpenAI for the quarter ending September 30.
Microsoft posts record revenue for 10th consecutive quarter, hits $92.3B
Microsoft has announced its latest quarterly earnings, posting a record revenue of $92.3 billion, an impressive 19% growth from the same period last year.
Microsoft reveals Azure generated over $33B in quarterly revenue
Microsoft has revealed the dollar value of its cloud computing platform, Azure, for the first time.
Modi government approves ₹1,856cr scheme to boost sports goods manufacturing
The Union Cabinet, led by Prime Minister Narendra Modi, has approved a ₹1,856 crore scheme to boost sports goods manufacturing in India.
Maharashtra will become $1T economy by 2030, says Devendra Fadnavis
Maharashtra is poised to become a $1 trillion economy by 2030, Chief Minister Devendra Fadnavis said today.
Piyush Goyal's speech on Indian work culture slammed by netizens
Union Commerce Minister Piyush Goyal's recent remarks at the India-Netherlands Business Forum have drawn widespread criticism on social media.
Ixigo co-founder announces ₹1cr fund to back IIT Kanpur graduates
Rajnish Kumar, co-founder and group Co-CEO of ixigo, has launched a ₹1 crore fund to support graduating students from the Indian Institute of Technology (IIT) Kanpur.
Vedanta's Q2 profit jumps 78% to ₹6,202cr
Vedanta Limited has reported a 78% year-on-year (YoY) surge in its consolidated net profit for the September quarter.
Jio joins Meta and Alibaba in $100B IPO club
Jio Platforms has joined an elite club of founder-led companies with a market capitalization of over $100 billion at the time of their initial public offering (IPO).
Noel Tata to retire from boards of 6 Tata companies
Noel Tata, the chairman of Tata Trusts, will retire from the boards of six major Tata Group companies on November 12.
Anthropic IPO: How Indians can invest in Claude maker
Anthropic, the artificial intelligence (AI) start-up behind the popular chatbot Claude, is gearing up for its initial public offering (IPO) on Nasdaq.
India's industrial growth slows to 6.7% in September
India's Index of Industrial Production (IIP) for September has grown at a rate of 6.7%, down from August's 8%.
Adani Enterprises Q2 results: Profit down 55% YoY to ₹1,492cr
Adani Enterprises has reported a sharp decline in its consolidated net profit for the second quarter of FY27.
Anthropic sued for illegally training Claude on Stanford professors' works
Anthropic, a leading player in the artificial intelligence (AI) space, has been accused of illegally using the works of over 10 Stanford University professors to train its Claude models.
Modi government to approve ₹10,000cr scheme for making shipping containers
The Union Cabinet is likely to approve the ₹10,000 crore Container Manufacturing Assistance Scheme (CMAS).
DA for Indian government employees hiked by 3%
The Indian government has announced a hike in the dearness allowance (DA) for its employees.
India and Mexico to start negotiations for preferential trade agreement
India and Mexico have signed the terms of reference for a preferential trade agreement (PTA) today.
Reliance overtakes Tata as India's most valuable group
Reliance Group has become India's largest conglomerate by market capitalization, after its subsidiary Jio Platforms debuted on the stock exchange.
Jio shares list at 21% premium: Buy, sell or hold?
Jio Platforms made a strong debut on the stock market on Wednesday. The company's shares were listed at ₹1,359 on both BSE and NSE, a 21.36% premium over its IPO price of ₹1,119 per share.
Sensex falls over 800 points, Nifty below 22,600 mark
India's benchmark indices opened lower on Wednesday, with the Sensex and Nifty falling by as much as 1%. The fall is mainly attributed to rising crude prices and other global factors.
SK Hynix Q3 profit surges 632% to record $63B
South Korean chipmaker SK Hynix has reported a stellar performance in the third quarter of 2026.
OPEC+ likely to maintain oil output targets for December
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, are likely to maintain their December oil production targets.
Greater Noida's upcoming AI, robotics park to create 1L jobs
The Uttar Pradesh government has announced plans to set up a state-of-the-art robotics and artificial intelligence (AI) park in Greater Noida.