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India has banned lithium-ion battery black mass exports to retain critical minerals such as lithium, cobalt and nickel for domestic recycling. The move aims to strengthen local processing capacity, reduce import dependence on China, and support battery manufacturing.
Manappuram Finance Q2 results: Profit jumps over 3-fold to 701 crore
Gold loan financier Manappuram Finance Ltd on Thursday reported a more than three-fold year-on-year increase in its consolidated profit after tax (PAT) to Rs 701 crore for the September quarter of FY27. The company had posted a PAT of Rs 217.31 crore in the corresponding quarter of the previous fiscal. On a sequential basis, net profit rose 20 per cent from Rs 585 crore in the June quarter. Total income increased to Rs 3,312 crore in the second quarter of FY27, compared to Rs 2,275 crore in the year-ago period, the company said in a regulatory filing. The company's total assets under management (AUM) stood at Rs 73,303 crore as of September 2026, registering a year-on-year growth of 60 per cent. Gold Loan AUM surged 92.5 per cent YoY to Rs 60,640 crore at the end of the September quarter. Shares of Manappuram Finance settled 0.23 per cent lower at Rs 320.25 apiece on the BSE.
The agency has accused the companies and their officials of criminal conspiracy and cheating, alleging that land acquired for a public purpose was released to private colonisers in an allegedly malafide manner to extend undue benefits.
James Murdochs Bodhi Tree Systems invests $180 million in Adyar Ananda Bhavan
The transaction marks one of the largest such deals in the Indian food services landscape
CAG to table first integrated audit reports in December, covering MSMEs and logistics
The first of these reports would focus on ease of doing business and logistics.
Zoroastrian high priest writes to PM Modi, calls for reconciliation among Tata, SP groups
Zoroastrian high priest Vada Dasturji Khurshed Dastoors lettercomes a month after six Parsi associations opposed listing of Tata Sons shares
R K Swamy Q2 PAT up 2x at 1 crore
Consolidated revenue from operations grew 15% to 84 crore (73 crore)
Adyar Ananda Bhavan sells majority stake to Bodhi Tree for $180 million
James Murdoch and Uday Shankar's investment platform will back A2B's global expansion, digital capabilities and modernisation as the Chennai-based restaurant chain scales up operations
The company's official statement doesn't mention the reason for Jensen's resignation. However, under Nvidia's bylaws, Huang can be removed 'with or without cause' by a majority vote of the directors, Reuters reported earlier.
This Diwali, Indians turned to the quick commerce platform for last-minute festive preparations. Their purchases included gold, silver and sweets while also ordering party supplies and gifting items.
Nvidia turns to CFO Colette Kress to steady ship after Jensen Huang exit
In naming Colette Kress as interim CEO, Nvidia is making a classic move for a company in crisis.
Jensen Huang resigns: Meet the Nvidia board members who decided his fate after affair reports
The Nvidia Corp. board of directors who met to decide Chief Executive Officer Jensen Huangs fate ahead of his ouster on Thursday have a range of backgrounds, from running Taco Bells international operations to academic research involving a jellyfish.
Tractor sales rise 3.1% in October; Mahindra leads with 23% market share
Sources say there is also a strong demand for tractors from non-agricultural industries like road construction and mining
Reliance Power Q2 profit falls 65% to 30 crore
Revenue from operations also fell 7 per cent to 1,830 crore during the September quarter
Norwest raises $4 billion fund, lines up 6-8 investments in India
Its Indian portfolio has witnessed increased exit activity, with Swiggy and Amagi Media Labs completing IPOs since 2024
QSR chains report positive same store sales growth, improvement in dine-in in Q2FY27
Same store sales growth is a key metric in the restaurant industry that determines the growth in revenue generated by existing restaurants
FSI Resorts: Redefining the Way the World Experiences Holidays Through Exclusive Membership
New Delhi [India], November 12: Travel is one of life's most rewarding experiences. It offers an opportunity to step away from everyday routines, discover new destinations, spend quality time with loved ones, and create memories that remain special for years. As travel preferences continue to evolve, modern travellers are increasingly looking for more than just a hotel reservation. They want comfort, flexibility, exceptional hospitality, and greater value from every holiday.
NVIDIA appointed longtime board member Harvey C Jones as its first board chair, while announcing that CEO Jensen Huang would step down and CFO Colette Kress would serve as interim CEO. The company said it would seek a permanent CEO from internal and external candidates.
Oil India net profit more the doubles on better realisations, higher output
Oil India declared an interim dividend of 7 per equity share.
ReNew commits 80,000 crore for a green data centre and solar component plants, while CleanMax plans 50,000 crore in clean energy to power an AI compute hub.
Vodafone Ideas Q2 performance misses expectations
Vodafone Ideas net loss widened to 5,975 crore in Q2 from 5,562 crore a year ago, missing Bloomberg's estimate of 5,263 crore, even as it arranged over 4,000 crore in incremental bank funding during the quarter.
Vodafone Idea Q2 loss widens to 5,975 crore despite higher ARPU, revenue
Vi raises additional funds, taking total to 10,500 crore in H1 FY27; plans more capex orders for network expansion
Centre receives 22 bids for 10 GWh giga-scale ACC battery manufacturing capacity
It forms part of the governments broader target of establishing 50 GWh of ACC manufacturing capacity under the National Programme on Advanced Chemistry Cell (ACC) Battery Storage.
Jensen Huang, face of the AI boom, ousted as Nvidia CEO after affairs
Nvidia CFO Colette Kress will take over as interim CEO. Harvey Jones, who previously led Synopsys, has been named chairman.
Govt issues advisory to integrate delivery, commissioning of thermal power plants
The integrated planning for commissioning and scheduling is related to long-term procurement of power by Discoms from power stations established on a Design, Build, Finance, Own and Operate basis
Nvidia CEO Jensen Huang resigns, tech giant appoints Colette Kress as Interim CEO
Nvidia co-founder Jensen Huang has stepped down as CEO, president and board member amid reports of alleged extramarital affairs, including one with a businesswoman suspected by US authorities of ties to Chinese intelligence. Details here.
Paradeep Parivahan Reports 17.6% Revenue Growth and 27.6% EBITDA Growth in H1 FY27
Paradeep/ Bhubaneswar (Odisha) [India], November 12: Paradeep Parivahan Limited (BSE SME: 544383), an integrated port logistics, cargo handling and infrastructure services provider, announced its unaudited financial results for the half year ended 30 September 2026 (H1 FY27), approved by its Board of Directors on 11 November 2026.
Spinny's festive used-car deliveries jump 39% to 9,377 units as SUVs gain
Spinny delivered 9,377 used cars during the 31-day festive period, up 39 per cent year-on-year, as demand for SUVs, automatic cars and CNG-powered vehicles strengthened
RIL, Amara Raja, Exide, among 22 companies to bid for 10 GWh battery storage capacity PLI
Other bidders include Avaada Electro, Fujiyama Power Systems, Megha Engineering and Infrastructures, Waaree Energy Storage Solutions, Godawari New Energy, Renew Photovoltaics and Sun Drops Energia
Vodafone Idea Q2 loss widens to 5,975 cr, revenue rises 6.2% to 11,884 cr
Vodafone Idea's consolidated net loss widened to 5,975 crore in Q2 FY27, even as revenue from operations rose 6.2% year-on-year to 11,884 crore.
Nvidia board is also reportedly considering the possibility of appointing an interim chief executive while searching for a permanent replacement.
Nvidia's bylaws allow its board to remove CEO Jensen Huang at any time, with or without cause, through a majority vote of directors. However, removing him as CEO would not automatically cost him his board seat, which requires a separate shareholder vote under different rules.
Rapido's Ownly aims to strengthen presence in five markets by 2026-end
Rapido's food delivery platform Ownly plans to deepen its presence in Delhi NCR, Mumbai, Pune, Chennai and Ahmedabad by the end of 2026, while expanding its operations to Kolkata
RIL plans 43,000 crore investment in Andhra coal gasification project
Reliance Industries plans to invest 43,000 crore over two years in an underground coal gasification project in Andhra Pradesh, with total investment potential of 2.73 lakh crore by 2030
Page Industries Q2 net profit rises 4% as sales volume grows 5.5%
Page Industries reports an 11.5 per cent rise in Q2 FY27 revenue to 1,439.6 crore, while sales volume grows 5.5 per cent; shares fall 12.19 per cent on the BSE on Thursday
CleanMax to invest 50,000 crore in Andhra Pradesh to set upintegrated clean energy complex
The proposed complex will power a dedicated 2 GW Green Compute Factoryin Kurnool, in collaboration with Blackstone-backed AI cloud provider Neysa
Shree Cements to invest 7,000 crore to set up plants in Andhra Pradesh
The countrys third-largest cement producer announced plans to establish plants in districts across the state, including Kadapa, Anakapalli and Guntur
Modi to inaugurate MRPLs 330-crore marketing terminal in Bengaluru
With a storage capacity of 77,000 kilolitres, the facility handles petrol, diesel and aviation turbine fuel, catering to Bengaluru airport, MRPLs HiQ retail outlets, oil marketing companies and industrial consumers
Oil India Q2 net profit rises 53% to 2,521 crore on higher realisation
State-owned Oil India's profit after tax rises 53 per cent in Q2 FY27, aided by a 20 per cent increase in crude oil production and a 35 per cent rise in price realisation
Adani Groups Kutch Copper and Chiles Codelco have agreed to assess Kaburkaala copper project in northern Chile. The pact could link Chilean deposits with Mundra smelter, supporting long-term copper supplies for India, prioritising sustainable exploration, safety and environmental compliance.
Punjab National Bank among 4 stocks hitting 52-week highs; rally up to 22% in a month
Four BSE 100 stocks, including Punjab National Bank, Federal Bank and Kotak Mahindra Bank, hit fresh 52-week highs, with monthly gains ranging from 10% to 22%.
Bodhi Tree Systems invests $180 mn for majority stake in Chennais Adyar Ananda Bhavan
Investment platform Bodhi Tree Systems has bought a majority stake in Chennai-based Adyar Ananda Bhavan for $180 million. A2B operates 160 outlets in India and more than 30 overseas.
Billennium Marks 10 Years in India As European Companies Turn to India for Strategic Capability
Pune (Maharashtra) [India], November 12: European companies once came to India for scale. Today, they increasingly come for capability - teams that own parts of global programmes, a trade framework that now covers services and digital trade, and shared ground on data and AI regulation. Billennium, a European IT Services & Consulting company marking ten years in India, explains what is driving the shift - and what it means for businesses on both sides.
Hitachi Energy Q2 net profit rises 21% to 319 cr, revenue jumps 63.5%
Hitachi Energy India's Q2 revenue rose 63.5% to 2,996.5 crore, while orders jumped 85.9% to 4,120.8 crore, taking its order backlog to a record 33,335.4 crore.
Ola Electric Q2FY27 result: Loss narrows to 362 crore, expenses fall 28.4%
The electric-vehicle maker reported a consolidated loss of 3.62 billion ($38.66 million) for the three months ended September 30, compared with a loss of 4.18 billion a year ago
Zee Entertainment board approves 600 crore share buyback at 91 apiece
The company will buy back up to 65.93 million shares through the tender offer route, with November 25 fixed as the record date; promoters will not participate in the offer
Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out
Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The company will repurchase up to 6.59 crore shares through the tender offer route, with November 25 fixed as the record date. Promoters will not participate.
Alkem Lab Q2 profit falls 14.4% to 667 cr; revenue rises to 4,552 cr
Alkem Laboratories' Q2 net profit declined 14.37% year-on-year to 667 crore as expenses rose, while revenue from operations increased 13.8% to 4,552 crore.
'What we have done is not enough', says Lenskart CEO as he eyes 10 cr eyewear units a year
Lenskart co-founder Peyush Bansal announced plans to increase production from 3.2 crore to 10 crore eyewear units. The company will provide blue-light lenses at no extra cost, enhancing accessibility for customers. On November 14, Lenskart plans to offer prescription glasses to one lakh children for a nominal charge. These initiatives reflect a commitment to improving vision and making it more affordable for all.
P&G Hygiene Q2 net profit falls 6.7% to 196 cr, revenue dips 0.4%
P&G Hygiene and Health Care's Q2 net profit fell 6.68% to 195.84 crore as higher raw material, energy and commodity costs weighed on profitability.
Hon Hai, also know as Foxconn, expects double-digit revenue growth in 2027, citing strong demand for AI servers and networking equipment. Chairman Young Liu called AI the companys biggest growth engine.
Indo-German JV Benecore bets 200 crore on making diaper, sanitary napkin material in India
The German-Indian joint venture expects 300 crore revenue from its new Bhopal plant and plans to double capacity by 2029 as it looks to replace imports, particularly from China.
NCLT approves merger of Jana Holdings with Jana Capital
NCLT approved the amalgamation of Jana Holdings Ltd with Jana Capital Ltd effective November 3, 2026. Both companies belong to the promoter group of Jana Small Finance Bank Limited. The amalgamation aims to eliminate the Non-Operative Financial Holding Company layer while ensuring a seamless transition of assets and liabilities. Jana Holdings was established in January 2017 for regulatory compliance and will be dissolved post-merger.
TV Narendran appointed Tata International Chairman; Noel Tata named Chairman Emeritus
The appointments take effect on November 12, alongside separate board-level changes at Tata Investment Corporation, where two new leadership roles are announced
Norwest's $4 billion fund to back India's manufacturing, healthcare, AI
Norwest Venture Partners plans to invest $250300 million annually in India, targeting manufacturing, healthcare, pharma, financial services, consumer businesses, AI and deeptech
eClerx acquires RegEdge to bolster regulatory and compliance capabilities
The acquisition expands eClerxs footprint in the financial services sector, where it already provides AI-powered analytics and digital operations to major institutions
Who is Sunil D'Souza, the new Voltas Chairman succeeding Noel Tata?
Sunil D'Souza joined Tata Group in April 2020 as Managing Director and CEO of Tata Consumer Products, after the merger of Tata Global Beverages and the consumer products business of Tata Chemicals
Aditya Birla Capital opens 100th gold loan branch, eyes 1,000 outlets
The NBFC plans to expand its gold loan network to over 1,000 outlets in three years, after reaching 100 branches within three months of entering the business in August 2026
Tata International appoints T V Narendran as chairman; Noel Tata steps down
Tata International has appointed T V Narendran as chairman, while Noel Tata will take over as chairman emeritus. The changes come as Noel Tata steps down from six Tata Group boards
Cosmo First eyes all-time high US exports from film business this fiscal on lower tariffs
Cosmo Films, the groups packaging films business, is Indias largest flexible packaging film producer and holds major market share in the countrys speciality films segment
Blackstone targets Dubai's $1 trillion wealth market as it looks to attract Gulf's richest investors
The firm's top private wealth executives held their first-ever gathering in Dubai on Wednesday, pitching investment products, including private credit and infrastructure, to more than 100 high-net-worth individuals.
Spinny delivers 9,377 used cars this festival season, with SUV sales surging 81%
Changing preferences for SUVs, automatic transmissions and CNG vehicles shaped the platforms festive-season performance, alongside growing interest in electric cars
Zydus Lifesciences completes 50:50 joint venture with Sunshine Healthcare Lanka
The transaction was completed on November 11 after the partners extended the original closing timeline under their June agreement
Aditya Birla Capital opens 100th Gold Loan branch, enters Mumbai market
Aditya Birla Capitals Gold Loan business reported an AUM of 200 crore as of September 30, 2026
Nava Reports Highest Quarterly Revenue of 1,252 Crore, PAT Surges 127% YoY to 403 Crore
Hyderabad (Telangana) [India], November 12: Nava Limited, the flagship company of the diversified multinational group spanning metals, energy, mining and commercial agriculture, announced its financial results for the second quarter ended September 30, 2026.
Fairfax's Rs 52,878-crore IDBI Bank deal sets stage for a financial services powerhouse
Fairfax Financial Holdings has successfully acquired a controlling stake in IDBI Bank for Rs 52,878 crore. The investment aims to redefine IDBI Bank as a comprehensive financial services provider in India and abroad. Fairfax plans to integrate its existing insurance and capital market businesses into IDBI Bank to enhance its offerings. The acquisition reflects Fairfax's strategy of leveraging IDBI Bank's infrastructure for greater market competitiveness.
NHC Foods net up 22 times in Q2 on strong demand
The BSE-listed companys income was up three times to 451 crore (104 crore)
This is under the 135m contract awarded by Chennai Metro Rail Limited (CMRL) in 2025
Strong festive demand, volume growth lift Kalyan Jewellers growth outlook
Company plans four more showrooms of regional brand ATM in Tamil Nadu
Kang Wei, a former Chinese fund manager and Alice Huangs husband, had business ties to Jensen Huang before Alices relationship with the Nvidia CEO.
Union Minister K Rammohan Naidu praises 'Modinomics' for India's economic growth at CII Summit
Union Minister K Rammohan Naidu emphasised India's economic growth during the 31st CII Partnership Summit in Visakhapatnam. He attributed this growth to the leadership of Prime Minister Narendra Modi, coining the term 'Modinomics'. Naidu highlighted the transformation in global economic landscapes and emphasized India's potential with its young population and innovation capabilities. He mentioned the civil aviation ministry's extension of the UDAAN scheme aimed at enhancing connectivity.
An abandoned Parisian apartment reveals an extraordinary artistic treasure: a long-lost bronze sculpture by French sculptor Camille Claudel, discovered after 15 years of neglect. Titled The Age of Maturity, the sculpture reflects themes of love, loss and personal struggle, possibly drawing inspiration from Claudels relationship with Auguste Rodin. Authenticated by experts, the masterpiece sold for 3.1 million, highlighting Claudels growing recognition and the renewed appreciation of her artistic legacy.
Dabur India aims to grow premium products share to 23%
Premium portfolio growing at 4x overall rate and now contributes 20%
R Systems sees AI-native work reshaping revenue mix, coding demand
CEO Nitesh Bansal said traditional engineering services will eventually decline as more products and services become AI-native, changing both delivery models and hiring
Jaguar Land Rover says BYDs boxy Ti7 SUV infringes its intellectual property and resembles the Defender. Dutch authorities seized records from BYD offices following JLRs complaint. BYD disputes the seizure, while the case is due for a court decision this week.
Unique Picks: 9 stocks held by just one MF scheme in October, rally up to 144% YTD
ETMarkets identified 36 stocks held by just one mutual fund scheme each, with equity MF holdings exceeding Rs 10 crore. More than half have gained in CY26, while nine stocks have rallied 50% to 145%, including two that more than doubled.
Adani Group plans to fund half of its 26,000-crore acquisition of Dutch liquid storage operator Evos through equity, with the rest coming from loans. The deal will expand Adani Ports' presence in European markets and strengthen its global logistics business.
RBI plans curbs on private equity firms controlling stakes in multiple non-bank lenders: Report
India's central bank is working on new rules to prevent private equity firms from holding controlling stakes in multiple non-bank lenders. The proposal aims to mitigate potential financial risks stemming from global private equity firms' investments. While larger stakes will attract greater scrutiny, smaller investments are encouraged to support growth in the financial sector. Recent data shows significant foreign investment in non-bank lenders, highlighting strong demand for credit.
Space tech startup Astrobase expands its rocket testing infrastructure in Andhra Pradesh
The 800 crore investment is set to advance reusable launch vehicle technologies; follows 500 crore manufacturing push in Karnataka
Reliance plans 43,000 crore coal gasification project in Andhra Pradesh
The project could eventually attract investments of up to 2.7 lakh crore over its lifetime and generate around 5,000 direct and 35,000 indirect jobs
Power shortages push discoms to costly bilateral deals
Amid severe power shortages and record-high electricity demand in India, discoms are increasingly turning to short-term bilateral power trading rather than relying solely on power exchanges.
Canara HSBC Life Insurance appoints Indu Swaroop as CFO, effective Nov 25
Swaroop will succeed Tarun Rustagi, who has resigned from the position. Rustagi's last working day will be November 24, 2026
Lupin launches biosimilar Ranibizumab through Sandoz in Europe except Germany
Ranluspec approved by European Commission in vial and pre-filled syringe forms for retinal disease treatment
Bharat Forge's KSSL unveils 120mm rapid attack mortar system for forces
Kalyani Strategic Systems has developed a vehicle-mounted mortar system designed for rapid fire support, high-altitude operations and improved troop protection
India plans curbs on private-equity ownership of NBFCs: Report
The RBI is concerned that financial stress at a global private equity firm could have a contagion effect across several NBFCs in which it has significant investments.
Godrej Capital raises 2,500 crore from Temasek at 28,000 crore valuation
Godrej Industries Group will retain approximately 80 per cent ownership in Godrej Capital following Temasek's 2,500 crore investment
Suprajit's global business gains traction on US contract wins, China EV demand
The companys Global Cable Management business reported 24% revenue growth in the quarter, supported by new US contracts and higher orders from a leading electric vehicle maker in China.
1Crowd Expands Healthcare Portfolio with Rymo Technologies
Mumbai (Maharashtra) [India], November 12:1Crowd strengthens its focus on healthcare and medtech, backing an Indian health-tech company using robotics and AI to make physical rehabilitation more accessible
5 reasons why your product should be nominated for the ET Product of the Year Awards 2026
India's product landscape is rapidly transforming, driven by innovative solutions and upgraded offerings that cater to consumer demands. The ET Product of the Year Awards 2026 aims to shine a spotlight on products that have significantly impacted the market, emphasizing their success, user adoption, and overall customer value. Businesses are invited to submit nominations for products that debuted or evolved during the designated period to celebrate their accomplishments.
Big Four, audit firms roll out 10-15% pay hikes, bonuses ahead of 2027 auditor rotation
Top performers at firms like EY, Deloitte and PwC pocket up to 28% raises as advisory majors battle attrition and gear up for over 600 mandatory client rotations next year.
