Business News
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India's Awfis posts ₹439 cr revenue, net profit ₹30.8 cr
Awfis announced a 20% year-on-year increase in operating revenue to Rs 439 crore for Q2 FY27, with net profit nearly doubling to Rs 30.8 crore.
Samsung building Taylor Texas plant for AMD and NVIDIA HBM
Samsung Electronics plans to produce base dies for AMD and Nvidia's high-bandwidth memory chips at its new foundry in Taylor, Texas, starting construction this month.
NTPC plans to raise capacity to 149 GW by 2032
NTPC plans to increase its power generation capacity to 149 gigawatts by 2032, focusing on nuclear energy expansion and resilience in India's power sector.
Austin Li sold 100,000 QwenWork memberships on Singles's Day
Austin Li, known as the "Lipstick King," sold 100,000 memberships for Alibaba's QwenWork AI service during Singles' Day, marking a first for the shopping festival.
Bitcoin holds around $76,900 after Binance withdrawals, US ETF outflows
Bitcoin edged up 0.2% to around $76,900 after dipping to $76,300, as spot ETFs saw $399 million in outflows and U.S. midterm elections added pressure on the crypto market.
Alkem Laboratories appoints Amrut Naik CEO starting November 11 2026
Alkem Laboratories has named Amrut Naik as its Chief Executive Officer, effective November 11, following board approval and recommendations from the nomination committee.
NVIDIA asks partners to prioritize non-Chinese customers after 51% rule
Nvidia has instructed its data center clients to allocate over 51% of their services to non-Chinese customers, impacting global AI computing power distribution.
Tata Motors buys nearly 90% of Iveco, plans India assembly
Tata Motors plans to manufacture select Iveco products in India, aiming to expand the Italian commercial vehicle maker's presence following its acquisition of an 89.42% stake.
Neo Alternative Asset Managers raises 6200cr for NSCOF-II fund
Neo Alternative Asset Managers completed the final close of its second private credit strategy, NSCOF-II, raising ₹6,200 crore and surpassing its initial target of ₹5,000 crore.
Nifty tops 23,800 as crude falls and earnings boost Sensex
Nifty surpassed the 23,800 mark for the first time since August 2026, driven by declining crude oil prices and robust corporate earnings.
RBI deems resident individuals' EDF filed, 10L cap for entities
The Reserve Bank of India has simplified foreign exchange reporting for small-value service exports and imports, introducing exemptions and thresholds to streamline the process.
Motilal Oswal keeps buy on Birla Corporation with ₹1,100 target
Motilal Oswal has issued a buy rating for Birla Corporation, setting a target price of Rs 1100, despite a decline in EBITDA and operating margin contraction.
HGS India IPO oversubscribed 219x, sought ₹34.56 cr at ₹120
HGS India's IPO witnessed a remarkable 219 times subscription on its final bidding day, with shares trading at a 20% premium in the grey market.
KISL Q2 FY27 revenue rises 46.25% to ₹414.47 cr
Krystal Integrated Services Ltd (KISL) saw a 46.25% year-on-year revenue increase in Q2 FY27, reaching ₹414.47 crore, driven by new client additions and larger order values.
European stocks fall on AI concerns and Middle East tensions
European stocks fell as technology shares declined due to AI trade outlook worries, while rising Middle East tensions further dampened investor sentiment.
Survey finds 72% of Indian shoppers prefer personalized festive shopping
A survey reveals 72% of Indian holiday shoppers prefer brands offering personalized experiences, highlighting the importance of tailored engagement in customer loyalty.
S&P 500 restructurings rising 20% amid AI and layoffs
Investors are divided over job cuts announced this earnings season, as companies like Microsoft and PayPal reduce costs through AI, while others face market pressure.
Tamilnadu Petroproducts Q2 profit 65cr aided by demand and savings
Tamilnadu Petroproducts Limited (TPL) reported a consolidated net profit of ₹65 crore for Q2 FY27, nearly doubling from ₹34 crore in the same quarter last year.
Markets rally as Sensex jumps 1,225 and Nifty gains 370
The Sensex and Nifty surged to two-month highs, driven by gains in HDFC Bank and FMCG stocks, with the Nifty marking its largest four-day advance in seven months.
Schaeffler to cut 3,460 jobs, close 5 sites by 2028
Schaeffler AG plans to eliminate 3,460 jobs and close five European sites due to weak auto demand and rising competition, primarily affecting its high-cost operations in Germany.
India's bulk Scotch imports surge nearly 1,000% after India-UK pact
India's bulk Scotch whisky imports from the UK soared nearly 1,000% in August 2026, following a tariff reduction under the new India-UK trade agreement.
Joy Alukkas marks 70 announces ₹100cr charity fund allocation
Joy Alukkas, Chairman of Joyalukkas Group, has allocated ₹100 crore to expand charitable activities and support underprivileged communities across India.
ICICI Securities gives Ather Energy buy rating with ₹2,050 target
ICICI Securities recommends a buy on Ather Energy, setting a target price of Rs 2,050, citing strong growth potential and strategic advantages in the electric two-wheeler market.
ICICI Securities gives Muthoot Finance buy rating, sets ₹3,070 target
ICICI Securities has issued a buy rating for Muthoot Finance, setting a target price of Rs 3,070, citing strong execution and growth potential in the gold loan market.
ICICI Securities sets ₹240 target for Fusion Finance after Q2FY27
ICICI Securities recommends buying Fusion Finance, citing a target price of Rs 240, driven by strong RoA performance and effective management strategies under Mr. Sanjay Garyali.
IndiGo expands international reach via codeshares and joint businesses
IndiGo is focusing on commercial partnerships with other airlines to support its long-haul expansion, leveraging its extensive Indian network and planned wide-body operations.
Amazon India Great Indian Festival: 393cr visits, over 50% growth
Amazon reported over 50% year-on-year growth in shopping volumes during the Great Indian Festival, with strong demand for premium products and rapid delivery services.
Genmab rises 48% after petosemtamab halves death risk with Keytruda
Danish biotech Genmab's shares doubled after successful cancer drug trials, marking a new era as it shifts towards greater control and ownership of its medicines.
M K Sons Fine Jewels set to list at ₹172
M K Sons Fine Jewels shares are set to debut on the stock market on November 4, with a grey market premium suggesting a potential 6% listing gain for investors.
Adani Airports CEO Arun Bansal says India needs 3rd airline
Adani Airports CEO Arun Bansal stressed the necessity for three large national carriers to meet India's growing aviation demands and enhance direct international connectivity.
Omron launches Chennai plant for 3 million blood pressure monitors
Omron Healthcare is enhancing its market position by opening a new manufacturing plant in Chennai, aiming to produce 3 million blood pressure monitors annually.
Wonderla Holidays posts ₹5.06L PAT Q2 FY27, income at ₹126cr
Wonderla Holidays reported a profit after tax of Rs 5.06 lakh for the July-September quarter, reversing a loss of Rs 1.75 crore from the previous year.
Zalando launches 1st AI shopping agent as shares fall 5%
Zalando has introduced its first AI shopping agent to enhance its online retail experience, despite a 5% drop in shares and a lower-than-expected gross profit margin.
Eighth Central Pay Commission drafting pay recommendations, ₹1L arrears possible
The 8th CPC's recommendations will be implemented retrospectively, potentially resulting in significant arrears for central government employees and pensioners.
Mercado Bitcoin hacked, about $38 million stolen, platform pauses operations
Brazilian crypto exchange Mercado Bitcoin will cover a $40 million loss from a recent hack, ensuring customers face no financial impact as investigations continue.
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.
Apple warns memory chip costs rising, shares drop 2.75%
Apple has alerted investors to an "unprecedented" surge in memory chip prices, impacting profit margins as competition with AI datacentres intensifies.
Michael Page India survey: 97% eager to upskill in AI
Nearly 97% of Indian professionals are keen to develop their AI capabilities, with 88% anticipating increased productivity and efficiency from the technology.
Foreign flows $2.28bn into Indian equities led by Jio Platforms
Foreign portfolio investors have injected $2.28 billion into Indian equities over 10 days, driven by Jio Platforms' record listing and India's appeal amid global AI-led sell-offs.
Cipher Digital posts $31.6 million Q3 profit as revenue drops 63%
Cipher Digital reported a $31.6 million profit in Q3, aided by a $127 million accounting gain, as it transitions from bitcoin mining to leasing data centers for AI companies.
Virgin Media O2 plans staff cuts in £800m cost-cutting drive
Virgin Media O2 plans to cut thousands of jobs as part of an £800m cost-saving initiative, aiming to reduce its £22bn debt and increase AI use in customer service.
Air India plans wide-body jet order to expand international routes
Air India plans to expand its wide-body aircraft order to boost international traffic, with CEO Tewolde Gebremariam predicting a return to profitability "very soon."
Bayer raises 2026 profit forecast after strong pharma quarter
Bayer increased its 2026 profit forecast due to stronger-than-expected third-quarter sales in its pharmaceuticals division, also lowering its debt expectations.
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.
Binance replenishes 95% after $6.3 billion hack, Richard Teng reassures
Binance co-CEO Richard Teng assured that the company remains financially robust following a $6.3 billion cyber heist, with 95% of affected tokens replenished.
Indian stocks rally as Nifty tops 23,600 and Sensex surges
Nifty 50 surged past 23,600 by midday on Tuesday, driven by gains in banking and telecom sectors amid falling crude oil prices and positive foreign investor sentiment.
Indian government bond yields rise on oil comeback, U.S.-Iran fears
Indian government bond yields rose slightly as early gains were erased due to volatile crude oil prices and geopolitical tensions, particularly following US-Iran conflict reports.
PayRupik shares AI lending vision at Global Fintech Fest 2026
PayRupik, led by CEO Rishabh Raja, joined GFF 2026 to discuss the transformative potential of AI in reshaping future credit institutions.
Chinese stocks slip about 1% despite regulators' fresh stabilizing measures
Chinese stocks declined as energy and technology shares were sold off, with new regulatory measures failing to boost confidence amid ongoing concerns over the property sector.
Cognizant study finds AI could drive $830B impact in India
AI-enabled productivity could significantly enhance India's GDP, potentially contributing $28 billion to $84 billion annually, according to research by IT major Cognizant.
Bajaj Finserv FY27 Q2 profits up 22.9% and AUM ₹5.84L/cr
Bajaj Finserv's Q2 FY27 results show a 23% rise in net profit to Rs 2,757 crore and a 26% increase in assets under management, reaching Rs 5.84 lakh crore.
Jet Airways's liquidator moves NCLAT seeking ₹872cr refund from Boeing
The National Company Law Appellate Tribunal (NCLAT) has issued a notice to Boeing after Jet Airways' liquidator sought a ₹872-crore refund for undelivered aircraft.
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.
Saudi Aramco reports 9% Q3 profit gain to $31.2 billion
Saudi Aramco's third-quarter profit increased by 9%, driven by higher refining earnings and a surge in oil prices amid geopolitical tensions.
Report shows 28% Indian leaders trust AI while returns unclear
Indian companies increasingly allow AI systems to operate independently, yet struggle to demonstrate financial returns, according to an Avanade report.
Sensex gains over 900 points: What's driving today's rally?
The benchmark equity indices, Sensex and Nifty, continued their winning streak on Tuesday.
November 2, 2026 gift Nifty tradable 23.5 hours on NSEIX
GIFT Nifty trading hours now start at 5:15 am IST, as NSEIX launches near round-the-clock operations, extending its market window to 23.5 hours daily from November 2, 2026.
TVS Capital Funds launches TVS Alts credit platform raising 750cr
TVS Capital Funds has introduced TVS Alts, a private credit platform aiming to raise ₹750 crore, targeting 17% returns through secured lending to performing companies.
PNB, Canara Bank revise FD rates November 1 and 2
Punjab National Bank and Canara Bank have updated their fixed deposit interest rates, offering senior citizens up to 7.25% effective November 2026.
World Gold Council reports 1,500% rise in India gold smuggling
Unofficial gold imports into India soared over 1,500% to 50 tonnes in July-September 2026, driven by a government-imposed 15% import duty, according to the World Gold Council.
Website builder Squarespace cuts 19% of workforce
Website-building platform Squarespace has announced a major downsizing, laying off 19% of its workforce.
Emkay Global Financial retains 'buy' on Escorts with ₹3,200 target
Emkay Global Financial maintains a bullish stance on Escorts, recommending a buy with a target price of Rs 3200, despite mixed Q2 results and margin pressures.
World Gold Council: India's gold demand to hit 6-year low
India's gold demand is projected to drop to a six-year low of around 650 tonnes in 2026, driven by record-high prices and rising living costs, according to the World Gold Council.
India's matcha market expected to more than double by 2033
India's matcha market is projected to grow from $45.7 million in 2025 to $96.4 million by 2033, driven by evolving consumer preferences and social media influence.
Saudi Aramco Q3 profits rise 34.6% to $36.2bn amid conflict
Saudi Aramco reported a 34.6% increase in third-quarter net profit as ongoing Middle East tensions drive up crude prices and disrupt global energy markets.
Meesho injects nearly ₹400cr into Meesho Payments Private Limited
Meesho has invested Rs 399.99 crore in its subsidiary, Meesho Payments Private Limited, to bolster operations and support growth despite the unit's reported losses.
Emkay Global assigns Marico Ltd buy rating and ₹1,000 target
Emkay Global Financial maintains a bullish stance on Marico, recommending a buy with a target price of Rs 1000, following strong Q2 FY27 results and positive margin performance.
Krafton doubles down on India, seeks new games and acquisition
Krafton Inc. is investing heavily in India's gaming industry to develop new titles beyond PUBG, aiming to leverage local talent and expand its global reach.
ISIG mobilizes investments to fund Indian start-ups in quantum-computing co-packaged-optics
ISIG aims to drive investments in advanced packaging chips and quantum computing in India, leveraging the country's growing semiconductor market and talent pool.
HDFC Bank shares rise 2.86% to ₹720 amid selling pressure
HDFC Bank shares jumped ₹20 to ₹720.00, marking a 2.86% increase, making it a top gainer on the Nifty 50 as of Tuesday morning.
BLS Polymers shares list at 65% premium after 241x subscription
BLS Polymers Ltd. debuted on the bourses today, November 3, with a bang.
Indian rupee gains 12 paise to 94.72 per US dollar
The rupee appreciated by 12 paise to 94.72 against the US dollar, bolstered by foreign institutional investor inflows and softer crude oil prices.
Mondelez International sues Catherine's Originals claiming O'Bar copies Toblerone's triangle
Mondelez International has filed a lawsuit against Catherine's Originals, claiming the vegan brand's O'Bar infringes on Toblerone's iconic triangular design.
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.
Bitcoin slips under $77,000 in Asia amid US chip sell-off
Bitcoin fell 2% to just under $77,000 as a deepening sell-off in U.S. chipmakers impacted Asian stocks ahead of the U.S. midterm elections.
Squarespace lays off about 300 employees to become more flexible
Squarespace is laying off around 300 employees, focusing on smaller teams and fewer management layers, as CEO Anthony Casalena adapts the company for rapid technological changes.
BLS Polymers debuts with 65% jump and ₹255cr raised
BLS Polymers shares listed at a 65% premium to their issue price after the IPO was subscribed 241 times, reflecting strong demand across all investor categories.
South Korean, Taiwanese and Japanese firms ramp up US investment
South Korean, Taiwanese, and Japanese companies are set to increase investments in the US as global supply chains realign, with spending expected to grow progressively.
SFC Environmental Technologies lists on NSE at ₹355.10 7.61% premium
SFC Environmental Technologies shares listed at an 8% premium on the NSE, reflecting strong investor interest. Analysts suggest holding for long-term gains or buying on dips.
Mukesh Ambani reclaims Asia's richest as Reliance jumps nearly 12%
Mukesh Ambani has reclaimed the title of Asia's richest person, surpassing ByteDance co-founder Zhang Yiming, with a net worth of $88.8 billion.
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.
Nifty crosses 23,500 as Reliance Industries rallies and crude slumps
The Nifty 50 surged past the 23,500 mark as falling crude oil prices and a historic rise in Reliance Industries boosted market sentiment on Tuesday.
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.
AU Small Finance Bank probes possible vehicle loan data breach
AU Small Finance Bank is probing a potential data leak involving vehicle loan customers onboarded through a third-party SaaS platform, affecting 28.5 lakh customers.
Sensex jumps 587 points to 76,279.78 as markets rally
Sensex jumped 587 points to 76,279.78, while Nifty opened above 23,550, driven by gains in FMCG and financial stocks amid positive investor sentiment.
Indian rupee opens 94.66 against US dollar, up 24 paise
The Indian rupee strengthened by 24 paise to 94.66 per US dollar, driven by a sharp decline in crude oil prices that eased concerns over India's import bill.
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.
Agrani Labs plans $100 million raise with Google, Peak XV, Stargazer
Agrani Labs is negotiating a $100 million funding round with investors including Stargazer, Google, Peak XV Partners, and 360 One.
Venture capitalists increasingly back AI startups including Wonderful, Distyl AI
Venture capital firms are increasingly investing in AI-native services, drawn by their potential for high margins and rapid growth with fewer employees.
Finance leaders say AI future hinges on major tech investments
Tech companies must secure substantial fundraising to meet the soaring capital demands of the AI industry's growth, according to global financial leaders at a recent summit.
BLS Polymers IPO may list 45% above IPO price
BLS Polymers' Rs 255-crore IPO, heavily oversubscribed at 241 times, debuts today with a grey market premium indicating potential listing gains of 45%.
Jeffrey Sachs says India could be biggest economy by 2100
Renowned economist Jeffrey D Sachs predicts India will surpass China in population and become the world’s largest economy by the century's end, amid a multipolar global order.
Australia's central bank raises rate to 4.85% in 5th hike
The Reserve Bank of Australia has increased the official cash rate to 4.85%, marking the highest level since 2008, intensifying pressure on mortgage holders amid surging inflation.
John Ternus warns Apple profits may dip next quarter
Apple anticipates profit pressures due to escalating memory chip prices and increased investments in Siri AI, impacting margins despite recent revenue success.
PIMCO's Emmanuel Roman warns AI financing could hit $10 trillion
Emmanuel Roman, CEO of Pacific Investment Management Co., predicts AI-related financing could reach unsustainable levels, with $2 trillion needed annually over the next five years.
Blackstone President Jon Gray says AI growth requires global fundraising
Blackstone President Jon Gray highlighted the need for more global equity fundraising to meet the AI industry's growing demand, speaking at a financial summit in Hong Kong.
Adani Group seeks $1.5 billion loan to expand data centers
Adani Group, led by Gautam Adani, is negotiating a $1.5 billion loan to expand its data center operations through its joint venture, AdaniConneX, with EdgeConneX.
SUSE to cut about 190 jobs amid AI and automation
SUSE is cutting 10% of its workforce, with CEO Dirk-Peter van Leeuwen citing AI and automation as key factors driving this difficult decision.
Grab boosts full-year outlook to $4.2B sales and $800 million EBITDA
Grab Holdings Ltd. increased its full-year revenue and profit forecasts, driven by strong ride-hailing and food-delivery demand across Southeast Asia despite regulatory challenges.
Apple breaks India revenue record as worldwide sales reach $114.5B
Apple reported an all-time revenue record in India, contributing to a 12% global sales increase, reaching $114.5 billion for the quarter ending September 26.
Vinay Singh leaves Fireside Ventures pursuing agentic commerce, consumer AI
Vinay Singh, co-founder of Fireside Ventures, is leaving the firm after nearly a decade, as the venture capital industry experiences significant senior-level turnover.
OpenAI says ChatGPT users in India doubled since January 2026
OpenAI's ChatGPT has seen its user base in India double, while ride-hailing startup Rapido's annualised gross order value has quadrupled to $4 billion.
Indian markets likely higher amid US midterms and earnings season
Indian stock markets are expected to open positively on Tuesday, with Gift Nifty indicating a 150-point gap-up amid mixed global cues and easing crude oil prices.
US strike at Qeshm Island lifts Brent to $105.25
Brent crude rose 0.5% to $105.25 a barrel after reports of US strikes on Iran's Qeshm Island renewed concerns over Middle East oil supply disruptions.
Disney plans 20% cost cuts with CEO D'Amaro leading layoffs
Disney is reportedly planning thousands of job cuts as CEO Josh D'Amaro seeks 20% annual cost savings to reinvest in films, streaming, technology, and theme parks.
OpenAI hires Dan Driscoll as senior national security modernization counselor
OpenAI has appointed former US Secretary of the Army, Dan Driscoll, to focus on national security modernization and collaborate on AI initiatives with various partners.
Nearly 70 of India's top 100 see foreign stakes fall
Foreign portfolio investments have reached multi-year lows in nearly 70% of India's top 100 companies, with significant reductions in major sectors like banking and IT.
Capillary Technologies's aiRA boosts revenue 51% by unifying customer data
Capillary Technologies' AI platform has driven significant customer acquisition, contributing to a 51% revenue growth and a $10 million sales pipeline in enterprise demand.
TRAI orders 24x7 customer support from telecom providers, ₹20L penalty
Telecom companies are now required to offer round-the-clock consumer support, with non-compliance resulting in fines up to Rs 20 lakh, as per new Trai regulations.
Apple shares fall 4.5% after-hours despite beating revenue and earnings
Apple shares dropped in extended trading after the company's revenue and margin guidance for the upcoming quarter fell short of Wall Street expectations.
Binance hack on October 29 stole $6.3B, hackers lost $119 million
A $6.3 billion theft from Binance by North Korean hackers led to lucrative opportunities for savvy traders, who capitalized on price dislocations in the crypto market.
Tech selloff drags stocks lower, Nasdaq Composite down 715 points
Tech stocks experienced a significant sell-off due to debt-related concerns, overshadowing potential US-Iran peace talks and leading to substantial drops in major indices.
PowerUp Money raises $10 million to boost AI investment advice
PowerUp Money, founded by Jindal in 2024, has raised $10 million in a round led by Flourish Ventures to expand its AI-led wealth management services.
China cuts relending rate to 1% to calm stock market
China is enhancing stock support tools by optimizing terms and lowering fees, aiming to stabilize the market amid ongoing volatility and bolster investor confidence.
Apple $114.48B fiscal Q4 tops estimates on iPhone 18 Pro
Apple's fiscal fourth-quarter sales reached $114.48 billion, surpassing analyst estimates, driven by strong demand for the iPhone 18 Pro lineup and strategic price increases.
OpenAI raises under half of $30B goal, valuation $1.25T
OpenAI's latest funding round fell short, raising less than half of its $30 billion target, as investor confidence wanes amidst financial market uncertainties.
California Gov. Newsom proposes $1B annual tax credits for Hollywood
California Governor Gavin Newsom has proposed a $1 billion annual tax credit plan to support Hollywood, including new incentives for productions covering movie stars’ salaries.
Intel posts worst stock day since 1970s amid PC slump
Intel's foundry ambitions face scrutiny after a 45% stock plunge in October, driven by a worsening PC market outlook and supply constraints affecting chip production.
San Francisco Fed says El Nino could raise US inflation
A San Francisco Fed study warns that the strong El Niño could increase US inflation by 1 percentage point in 2027, adding pressure on the Federal Reserve to raise interest rates.
China records 1st manufacturing slowdown since July in October
China's factory activity growth slowed for the first time since July, with the manufacturing PMI dropping to 52 as new export orders hit a three-month low.
Indian cement makers count on price hikes to boost profits
Cementmakers in India are banking on price increases and seasonal construction activity to counteract rising costs and improve profitability in the second half of the fiscal year.
Squarespace trims about 19% of global staff amid AI push
Squarespace is laying off approximately 19% of its workforce, affecting around 300 employees, as part of a restructuring effort to streamline operations and focus on growth.
Intel shares plunge nearly 30% wiping over $11B US stake
Intel's stock plummeted nearly 30% in one day, erasing over $11 billion from the Trump administration's taxpayer-funded investment, following disappointing revenue forecasts.
Anthropic posts over 1,100% revenue surge to $17B, $23.3B loss
Anthropic reported a 1,100% increase in third-quarter revenue to $17 billion, while disclosing nearly $895 billion in spending commitments ahead of its upcoming IPO.
Meta to raise at least $20B via bonds for AI
Meta is considering a cross-border bond offering to raise at least $20 billion, aiming to fund its extensive AI infrastructure development.
IIT-Madras and Saint-Gobain India launch 2 labs with ₹3.8 cr
Saint-Gobain India and IIT-Madras are collaborating to establish research labs focused on sustainable construction materials and digital technologies for infrastructure.
Petronet LNG working with Qatar to resolve 90+ shipment delays
India's top gas importer, Petronet LNG, is negotiating with Qatar to secure delivery of over 90 delayed liquefied natural gas cargoes amid Middle East disruptions.
Corning opens Pune factory to expand internet and AI capacity
Corning Inc has operationalised a new optical connectivity facility in Pune to meet AI data centre demand, while its Chennai cover-glass plant has entered trial production.
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.
New airfare rules make cancellation charges, refund terms upfront
The Indian government has introduced a new set of aviation rules, mandating airlines to clearly display cancellation charges and refund conditions.
SEBI plans to remove inactive companies from stock market listings
The Securities and Exchange Board of India (SEBI) is planning to delist companies that have no economic activity from stock exchanges.
Prosus gets regulator nod to acquire stake in Navi
The Competition Commission of India (CCI) has approved Dutch investment group Prosus's proposal to acquire a stake in Navi Ltd.