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IndusInd General Insurance names Sharad Mathur MD CEO after approvals
IndusInd General Insurance appoints Sharad Mathur as Managing Director & CEO, bringing three decades of industry experience to lead the company's transformation and growth.
Akash Ambani: Jio avoids constant price hikes, offers premium services
Jio Platforms aims to boost ARPU through premium services and digital experiences, rather than solely increasing data tariffs, as it launches India's largest IPO.
Amazon to hire more than 300,000 US workers for holidays
Amazon plans to hire over 300,000 employees in the US for the holiday season, marking its first recruitment increase in three years amid projected sales exceeding $1 trillion.
Reliable Robotics raises $115 million, Series D $275 million, for autonomous aircraft
Reliable Robotics, co-founded by SpaceX veterans, secured $115 million in funding, boosting its valuation over $1 billion as it advances autonomous flight technology certification.
Salesforce to acquire Braze for $5.66B cash, $47.50 per share
Salesforce plans to acquire Braze for $5.66 billion, offering $47.50 per share in cash, with the deal expected to close in fiscal 2028 pending approvals.
Hilton moves to Nasdaq November 5, 2026 to attract tech investors
Hilton Worldwide plans to transfer its stock listing from the NYSE to Nasdaq, aligning with its focus on technology and innovation, starting November 5.
Eka Robotics raises $150 million, valued $1.45B for force-sensitive gripper
Eka Robotics, co-founded by MIT professor Pulkit Agrawal, has developed a groundbreaking physical AI model, securing a $1.45 billion valuation after a successful funding round.
BBC to close Scotland TV channel to save £500 million
The BBC plans to close its Scotland linear TV station, moving content to iPlayer, as part of a £500m savings initiative. The change will result in job cuts.
Thomson Reuters acquires Safe Sign, betting on legal AI models
Alexander Kardos-Nyheim founded Safe Sign Technologies while training at Allen & Overy, and Thomson Reuters acquired it before the startup generated any subscription revenue.
Ex-OpenAI executive Bob McGrew builds $1.5 billion Arda for factories
Bob McGrew, ex-OpenAI employee, founded Arda, a startup valued at $1.5 billion, aiming to revolutionize U.S. manufacturing with AI-driven automation solutions.
BMW might pay you ₹7cr to leave the company
BMW has launched a voluntary exit program, offering its employees severance packages of up to €650,000 (roughly ₹7 crore).
Qualcomm to lay off employees worldwide in performance-focused cuts
Qualcomm, one of the world's leading smartphone chipmakers, has announced a global job cut as part of a "performance-focused reduction."
US will discuss processing Venezuelan crude with Reliance: Rubio
United States Secretary of State Marco Rubio has said that the United States will be discussing with Mukesh Ambani-owned Reliance Industries about refining more Venezuelan crude.
Kospi index falls 4% as SK Hynix drops 31%
SK Hynix shares have plummeted to their lowest level since April, dropping 31% in October 2026, amid concerns over AI spending and increased Chinese competition.
India's online retail market to exceed $90 billion in 2026
India's online retail market is set to witness a major boom, with projections estimating it will exceed $90 billion by 2026.
SBI opens 2026 Specialist Cadre Officer applications across AI, data
The State Bank of India has opened applications for Specialist Cadre Officer roles in AI, analytics, and technology, detailing age limits and qualifications.
Hasbro raises 2026 revenue forecast on Magic: The Gathering surge
Hasbro has increased its annual revenue forecast, driven by robust demand for digital games like "Magic: The Gathering," ahead of the holiday season.
Salary hikes in India likely flat in 2027, reports say
India Inc anticipates subdued salary increases in 2027 due to rising costs and a sluggish job market, with top performers likely receiving the most significant rewards.
Loop Capital downgrades Apple to hold amid weak iPhone sales
Loop Capital downgraded Apple to hold from buy, citing concerns over slower-than-expected iPhone sales and a need for a fundamental catalyst reset after recent stock appreciation.
Lycia Therapeutics plans US IPO amid biotech IPO comeback
Lycia Therapeutics plans to raise up to $264.6 million by selling 14.7 million shares priced between $16 and $18 each, aiming for a valuation of approximately $937.7 million.
HSBC CEO Georges Elhedery urges caution on AI investments
HSBC CEO Georges Elhedery advises caution in data center investments, emphasizing the importance of tenant quality and contract pricing amid the AI-driven infrastructure surge.
GM beats Q3 2026 estimates with $50.02B revenue, $20B buyback
General Motors surpassed Wall Street's third-quarter earnings expectations and adjusted its full-year guidance amid inflationary pressures.
Meta releases Q3 earnings amid scrutiny of Muse assistant spending
Meta's third-quarter earnings spotlight significant AI investments and the adoption of its Muse assistant, amid expectations of increased capital expenditures impacting cash flow.
Kospi crashes another 5%, now down 40% from peak
South Korea's benchmark KOSPI index has witnessed another crash, falling by 5%. The fall comes as a result of a chip-led sell-off in artificial intelligence (AI) stocks.
SFC Environmental Technologies IPO opens October 27, 2026 to raise ₹150cr
SFC Environmental Technologies will open its IPO on October 27, aiming to raise Rs 150 crore through a fresh issue of shares.
Dale Vaz's Sahi in talks for $40 to $50 million
Sahi, a trading app founded by ex-Swiggy CTO Dale Vaz, is in early talks to raise $40-50 million at a valuation of $400-500 million.
South Korean Elice shares plunge over 30% despite $151 million IPO
Elice's stock debut fell over 30% from its offer price, intensifying concerns about AI investments, while brent crude surged past $111 amid Middle Eastern supply worries.
Chancellor Friedrich Merz highlights €800 billion 'Made for Germany' investments
Chancellor Friedrich Merz highlights Germany's strategic investments in defence, semiconductors, and AI to boost economic productivity and attract investors.
ByteDance, Alibaba, Tencent $35B RTX PRO 5500 order faces shortfall
ByteDance, Alibaba, and Tencent have collectively ordered over $35 billion worth of Nvidia RTX PRO 5500 graphics cards amid US trade restrictions with China.
India and New Zealand launch tariff-free deal easing Indian exports
The India-New Zealand Free Trade Agreement, effective today, offers duty-free access for Indian exports and includes a $20 billion investment commitment from New Zealand.
Google Cloud, Cognizant launch Gemini Frontier Capability Group for businesses
Cognizant and Google Cloud have expanded their partnership to accelerate agentic AI adoption, launching the 'Gemini Frontier Capability Group' to enhance enterprise AI deployment.
Report: Vendors push companies to spend 28% of software budgets
A report by Origina reveals that large enterprises allocate 28% of software budgets to vendor-driven changes, limiting resources for AI investments and innovation.
Disney asked Character.AI to go bankrupt to avoid legal baggage
Disney reportedly required Character.AI to go through bankruptcy proceedings as part of a deal to acquire access to its technology and hire much of its staff, according to court filings reviewed by WIRED.
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.
Musk to distribute SpaceX shares to children through Trump Accounts
Elon Musk has announced his plan to give one of his SpaceX shares to "every kid in America" next year.
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.
Chinese billionaires might face taxes on offshore holdings worth $140B
China's wealthiest billionaires could be facing a potential crackdown on holdings of nearly $140 billion.
Anthropic might announce another $45B compute deal with Nscale
Anthropic and AI infrastructure provider Nscale are in talks for a second $45 billion compute deal.
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.