24 C 
The Royaleum Hosts Star-Studded Diwali Soiree to Celebrate Six Years of Fashion
New Delhi [India], November 6: The brand hosted an intimate celebration that brought together their close friends, clients, supporters and personalities across industries including Seema Singh, Neelam Kothari Soni and Seema Kiran Sajdeh. The event was designed to celebrate the brand's sixth year and included a range of stunning festive accessories and highlighted the new festive collection.
Marathwada Water Grid project to get Rs 20,000 crore JICA funding: Devendra Fadnavis
Japan International Cooperation Agency (JICA) has responded positively to providing a loan of around Rs 20,000 crore for the first phase of Maharashtra's Marathwada Water Grid project. The initiative will connect water-surplus dams to water-scarce areas through 3,095 km of pipelines, benefiting around one crore people across four districts.
Rich countries benefitted more from COVID-19 vaccine's return on investment than poor ones: Study
COVID-19 vaccines generated economic benefits worth USD 60 to USD 809 for every dollar invested in their development and distribution, a global study of 173 countries has found. However, high-income countries gained more due to earlier access and faster rollouts, while delayed vaccine availability limited benefits in poorer nations.
Gold rate on Friday took a hit after pivotal factors like oil prices and inflation have impact on the bullion.
Cybercrime networks shift to smaller, mobile scam operations amid enforcement pressure: FATF
In its report released from Paris, the global money-laundering watchdog said large, fortified compounds where cyber slaves were forced to commit financial cybercrimes are being moved to apartments, houses, hotels and office floors, sometimes rebranding as legitimate outsourcing or marketing firms.
Trump's Midterm Defeat: What Changes for India, China and the World? | The Morning Brief Decode
Nvidia stock rebounds 5% after 9.26% crash: Nvidia suffered its worst single-day fall since the January 2025 DeepSeek shock, with shares plunging 9.26% to $181.60 on Thursday and turning negative for 2026. The crash came as Wall Street lost nearly $3 trillion in market value. Fridays futures pointed to a partial recovery, with Nvidia rebounding in premarket trading as chip stocks attempted to recover.
'Our elections are so crooked...': Trump blasts DSA midterm Winners, shows off his veto weapon
GSPL Transmission plans 3,500-cr capex, targets 20% rise in pipeline capacity
It aims to lift capacity from roughly 3637 MMSCMD to about 44 MMSCMD, funded largely from internal accruals with debt as a backup
'I was jumping up & down': Ontario Premier Doug Ford brutally mocks Trump after midterm elections
Hindalco beats Q2 estimates as strong metal prices offset rising input costs
The company reported an almost 59% jump in consolidated net profit to 7,532 crore in Q2, but a 39% rise in input costs during the quarter threatens to squeeze near-term margins.
3M India Q2 profit down 17% at 158.4 crore on rupee slide, rising input costs
All four business segments Safety and Industrial, Transportation and Electronics, Healthcare, and Consumer reported revenue growth during the quarter
SEBI proposes mandatory AML/CFT certification for principal officers of market intermediaries
The proposal is aimed at ensuring that principal officers possess adequate expertise to identify suspicious transactions, assess money-laundering risks and comply with reporting obligations under the AML/CFT framework
Popees plans national, GCC expansion after 511-crore merger
The transaction marks a strategic move to align the Popees brand and its operating business with the listed entity, providing access to capital markets to support its expansion plans
States' capital expenditure is projected to rise 10-12% to around Rs 8.5 lakh crore in FY27, driven by higher central assistance and greater fiscal flexibility, according to a Crisil Ratings report. Increased allocation under the SASCI scheme is expected to support infrastructure spending, particularly urban development, roads and bridges.
Bharti Airtel reclaims 2nd spot in mcap rankings, overtakes Jio Platforms
Bharti Airtel on Friday reclaimed the title of the country's second most valuable company by market valuation, overtaking Jio Platforms. At market close, Bharti Airtel shares ended 1.66 per cent higher at Rs 2,096.25 on the BSE. During the day, the stock climbed 2.81 per cent to Rs 2,120. However, the stock of Jio Platforms dipped 0.90 per cent to end at Rs 1,405.75. Intraday, it declined 2 per cent to Rs 1,390. The market valuation of Bharti Airtel stood at Rs 13 lakh crore, while that of Jio Platforms was Rs 12.94 lakh crore. Jio Platforms Ltd, the Reliance Industries-backed digital services company, on October 28 became the second most valuable Indian company by market valuation following an impressive debut on the Dalal Street. Reliance Industries continues to remain the most valued domestic firm, with a market valuation of Rs 17,83,723.93 crore. The top five order in the market capitalisation (mcap) ranking are -- Reliance Industries with a valuation of Rs 17,83,723.93 crore
'Continue my policy, else': Trumps blunt warning to Texas Gov-Elect Hinojosa on border security
Ai+ Smartphone Brings Forward November 15 Price Hike to November 11, Now Is the Best Time to Buy
New Delhi [India], November 6: Ai+ Smartphone today announced that its previously communicated price revision, originally scheduled for November 15, will now take effect on November 11, 2026. Consumers have until November 10 to purchase their preferred devices at existing prices, subject to availability.
TASE Global to raise 300 crore from ValueQuest's Tristar Fund for growth
The investment will help Chennai-based TASE Global expand manufacturing capacity, integrate its US operations and pursue larger OEM programmes across advanced manufacturing sectors.
Sonata Softwares Q2 revenue rises 15% y-o-y
The companys International IT-services business reported revenue of 797.9 crore, up 9.3 per cent y-o-y
Tata Power installs 60 MWh energy storage projects in Mumbai
The installations are part of a broader plan to deploy a 200 MWh BESS across 10 locations in Mumbai, following MERC approval in April 2025
Hindalco Industries Q2 Results: Net up 59% on firm metal prices
Revenue increased 39% to 91,708 crore in the second quarter
Siemens Q2 Results: Profit grows 5% to Rs 504 crore
Siemens Limited announced a consolidated net profit of Rs 504 crore for the quarter ending September 30, 2026. This represents a 4.78% increase compared to the previous year's profit of Rs 481 crore. Revenue from operations grew significantly to Rs 5,734 crore, up from Rs 4,900 crore a year prior. Additionally, new orders reached Rs 6,228 crore, a notable 38% increase year-over-year.
Bayer to invest 200 crore in Karnataka; MoU signed
The company signed a MoU with the Karnataka government on Friday in the presence of Large and Medium Industries Minister M B Patil
Mumbai (Maharashtra) [India], November 6: Total Transport Systems Limited (NSE: TOTAL), one of India's leading international logistics company, announced its unaudited financial results for the quarter and half year ended on 30th September 2026.
MakeMyTrip acquires majority stake in Quick Ride to enter ride pooling
The acquisition will help MakeMyTrip expand into shared mobility, covering daily urban commutes and intercity travel, while complementing its existing ground transport portfolio.
RateGain Travel Technologies Q2FY27 profit rises 46% to 74.7 crore
RateGain Travel Technologies reported a 152.6 per cent surge in Q2FY27 revenue to 745.4 crore, driven by growth in its business amid continued investments in AI and Sojern.
AI-driven attacks put telecom security on govt radar
DoT has held multiple rounds of talks with Airtel, Jio, Vodafone Idea and BSNL to strengthen network firewalls as CERT-In flags increasingly sophisticated AI-enabled cyberattacks.
KPI Green Energy energises 49.7 MW solar capacity in Gujarat
KPI Green Energy has energised an extra 49.7 MWp of its 250/350 MWp solar project and 121.8 MWp of its 370/677 MWp hybrid project at Bharuch
The NCLT Mumbai bench declared former Videocon Industries promoter Venugopal Dhoot bankrupt after accepting SBIs petition over loan defaults of 12,668 crore. A bankruptcy trustee will administer the proceedings.
Hyderabad (Telangana) [India], November 6: String Metaverse Limited (BSE: META), a Web3, blockchain and AI company, today announced its consolidated financial results for the quarter and half-year ended 30 September 2026. Revenue from operations for H1 FY27 rose 86.1% year-on-year to 802.66 crore, while profit after tax grew 92.3% to 76.79 crore, with earnings growing faster than revenue as EBITDA margin widened.
MakeMyTrip expands ground transport play with Quick Ride acquisition
The acquisition covers the Quick Ride brand and its ride-pooling business
DhanterasDiwali auto boom turns K-shaped; only 1 in 2 dealers expects growth
Carmakers expect festive demand to continue into November, but dealer sentiment remains cautious
Tech Mahindra to acquire more shares in Pininfarina, raise stake to 92.59%
Tech Mahindra's subsidiary currently holds 82.57 per cent of Pininfarina. Upon successful completion of the proposed transaction, its shareholding will increase to 92.59 per cent.
3M India profit falls on weaker rupee and rising input costs, shares tumble
Revenue from operations rose 14.7% to 14.52 billion rupees, while expenses increased 21.7%
Premji Invest backs Hical Technologies with $30-40 million for expansion
The funding will be utilised to expand manufacturing capacity and strengthen engineering and R&D capabilities as the company scales its presence in global aerospace and defence programmes
DLF, Everstone join hands for 3,750-crore IREO investment
The proposed partnership aims to unlock development potential across Delhi, Gurugram and other regions.
Hindalco Q2 result: Net profit jumps 59% to 7,533 cr, revenue rises 39%
Hindalco Industries Ltd on Friday reported 58.8 per cent rise in consolidated net profit at Rs 7,533 crore for September quarter FY27 driven by a strong performance across its business segments. Net profit in the year-ago period was Rs 4,741 crore, the Aditya Birla Group metals flagship company said in a BSE filing. Income during the second quarter rose to Rs 92,651 crore over Rs 66,771 crore in the year-ago period, Hindalco Industries said in a filing to BSE. In a statement, the company said this record performance was underpinned by the strength of Hindalco's integrated business model led by a solid primary upstream business complemented by strong contributions from its downstream business. Hindalco Industries operates across the entire metals value chain, balancing upstream (raw material extraction and basic metal production) and downstream (value-added fabrication and finished products) activities in its aluminium and copper segments. EBITDA for the second quarter stood at Rs
NCLT declares Videocons former promoter Venugopal Dhoot bankrupt
The bankruptcy order places the industrialists estate under a trustee, while requiring creditors to be notified and claims invited
Floods and falling fire rates hurt general insurers in September quarter
Severe monsoon damage and aggressive price discounting in fire insurance pushed key players into underwriting losses, offsetting gains from strong investment returns.
Elgi Equipments Q2 net profit grows 6% to 128 crore
The companys consolidated revenue grew 17% to 1,134 crore in Q2FY27, supported by growth in Indian and American markets.
Hindustan Petroleum Corp is facing difficulties securing tankers to transport crude oil. Limited vessel availability and last-minute cancellations continue to disrupt shipping arrangements amid rising oil flows from the region.
Coforge joins SpaceX partner network to deploy Grok solutions for clients
The Indian IT services firm will develop industry-specific applications using SpaceX's Grok AI portfolio and integrate them into clients' existing systems through its engineering unit Momentuum Blue
IndusInd Bank taps JP Morgan Xpedite for global remittance expansion
The partnership will use J.P. Morgan Payments' Xpedite solution to enable direct local-currency settlements and reduce the need for intermediary currency conversions
Global FMCG majors bet big on India as sales outshine China, Europe
Strong demand for packaged foods and personal care items helped top brands turn in a standout September-quarter performance despite 22-month-high retail inflation and the RBIs first rate hike since 2023, prompting many to step up their capital commitments in India.
Gujarat Energy signs 10-yr LNG deal with ADNOC for up to 4 million tonnes
Under the agreement, Gujarat Energy will procure LNG from the international gas portfolio of XRG, ADNOCs international investment company.
Flanked by 'dissident MLAs,' Farooq Abdullah says no rift within National Conference
National Conference president Farooq Abdullah emphasised party unity following a meeting with disgruntled MLAs. The meeting aimed to address concerns regarding the recent cabinet expansion and party organization. Abdullah stated that the concerns of the legislators were genuine and would be taken into consideration. Assurance was given to address some issues immediately while others would be resolved gradually.
NCLT declares Videocon's Venugopal Dhoot bankrupt over 12,668 cr SBI dues
The Mumbai bench of the tribunal admitted SBI's petition against Dhoot, who had provided personal guarantees for loans taken by Videocon Industries and its erstwhile associate banks
'With them or without them': Schumer issues ultimatum to Republicans to work with Democrats
Godrej Agrovet Q2 profit jumps 22% on strong animal nutrition, oil palm sales
Total income rose 17% to 2,995 crore from 2,567.42 crore, while expenses climbed 18% to 2,886.09 crore from 2,450.62 crore
BMW Industries Q2 Results: Net profit rise 43% YoY to Rs 21.62 crore
BMW Industries Ltd has reported an impressive 42.7 percent increase in net profit for the quarter ending on September 30. The firm's total income surged by 33 percent compared to the same quarter last fiscal year, while EBITDA rose by 25 percent, showcasing its resilience and growth. Notably, the new greenfield downstream steel complex in Bokaro commenced operations, with future plans focused on optimizing capacity utilization across these facilities.
Nvidia CEO Jensen Huang lost $15.1 billion as AI-linked stocks tumbled after Democrats midterm victories. The sell-off dragged down major technology shares, wiping out $2.5 trillion from the US stock market on Thursday.
Cyclone Murasu: 7 of 9 missing TN fishermen dead in boat accident off Andhra coast, says CM Naidu
The Chief Minister of Andhra Pradesh announced that seven missing Tamil Nadu fishermen have died after a boat accident. This incident occurred due to severe weather conditions associated with Cyclone Murasu. Search operations have been ongoing to find two other fishermen who are still missing. Officials are coordinating with Tamil Nadu authorities to handle the identification and repatriation of the deceased.
Fire at Oil India Ltd's intermediate tank farm in Assam's Dibrugarh kills 1
The fire at the Intermediate Tank Farm in Tengakhat erupted around 9.05 am during maintenance work
PM Modi to present Dr Bhupen Hazarika National Award to Usha Mangeshkar in Delhi: Assam CM Himanta
Why Indians may delay buying new phones
Neo Group launches mutual fund business, plans schemes across asset classes
The fund house will initially launch schemes across liquid, arbitrage, diversified equity and multi-asset allocation categories, subject to regulatory approvals
India's October consumer inflation likely nears top of RBI target on food costs: Reuters poll
India's consumer inflation is projected to rise in October, mainly driven by significant increases in food prices. Economists expect food inflation to reach 8.20%, reflecting ongoing market pressures. Rising global food prices and higher input costs contribute to the inflationary environment. The Reserve Bank of India anticipates inflation to average 5.2% for the current financial year. A rate hike is likely to occur in the central bank's upcoming policy meeting.
Titan surges 2.5% on strong Q2 results; brokerages divided on upside
The stock has gained over 31 per cent in the past year and 22 per cent year-to-date, sharply outpacing the Nifty 50s negative returns over the same periods.
The enforcement action follows a failed attempt to overturn arbitration awards linked to a joint coal exploration agreement in Russia
Jasleen Kaur G is the new Head of Marketing at Bata India Limited. Here's all you need to know about her career and education.
Trump displays VETO cap on Oval Office desk amid Democrat takeover of Congress
Indo SMC Limited Reports Strong H1 FY27 Results
Ahmedabad (Gujarat) [India], November 6: Indo SMC Limited (BSE: INDOSMC), a manufacturer of Sheet Moulding Compound (SMC) enclosures, Fiberglass Reinforced Plastic (FRP) products and electrical components for power distribution, has announced its unaudited standalone financial results for the half year ended September 30, 2026.
ADNOC signs 10-year LNG supply agreement with Gujarat Energy
The agreement expands the Abu Dhabi energy giants presence in Indias LNG market, following a $3 billion supply contract with Hindustan Petroleum in January.
Britannia CEO plays down Reliances pricing threat in Indias biscuit market
Established low-price offerings leave limited room for aggressive discounts, even as competition intensifies and manufacturers grapple with rising input costs
Mahindra eyes 12,000 EV sales a month, narrows gap with Tata
The company plans five launches in early 2027, including a NU_IQ-based SUV, an all-new electric SUV, an SUV refresh, the Scorpio Lifestyler pickup, and a new light commercial vehicle
Noel Tata to step down as Titan vice-chairman and director on 12 November as he turns 70
Noel Tata's exit from several Tata Group boards comes amid a dispute with Tata Sons over N Chandrasekaran's reappointment and the proposed listing of the holding company. He will, however, remain a Tata Trusts nominee director on Tata Sons' board.
Ahmedabad (Gujarat) [India], November 6: FundzBazar, the online investment platform of Prudent Corporate Advisory Services Limited (Prudent) (NSE: PRUDENT; BSE: 543527), a leading financial services group in India, has released a festive film titled SIP Ka Sathi to mark Diwali. The film brings together the spirit of Diwali, the timeless story of Ram Setu and the power of consistent, disciplined investing through Systematic Investment Plans (SIPs).
Rainbow Children's Medicare plans 2,200 crore expansion by FY32
Hospital chain targets over 5,000 beds by FY32; eyes more facilities in Mumbai as new hospitals weigh on margins
Automobile retail sales fall 24% in October on high base effect a year ago
Measured against that extraordinary base two wheelers and passenger vehicles segments faced decline
Gold remains central to Indian household savings, but high prices are pushing investors toward ETFs and digital gold instead of physical holdings. Crypto is emerging as a separate portfolio option rather than replacing gold, reflecting a broader shift toward digital ownership and diversification.
Indian-born Nithya Raman creates history as Los Angeles elects its first south Asian mayor
US President Donald Trump to participate in Diwali celebration at White House
President Donald Trump is set to participate in a Diwali celebration at the White House this Friday. The event will take place in the Oval Office, continuing a tradition that began with President George W. Bush. President Barack Obama was the first to light a lamp during a White House ceremony in 2009. Last year, India's Ambassador Vinay Kwatra joined Trump to celebrate Diwali by lighting a lamp.
First Solars Mark Widmar calls for policy certainty; company to invest another $150 million in India
Investment in technology upgrade underway; company expects cumulative investments to approach $1 billion in the next few years
Punjab & Sind Bank plans 8-10% government stake dilution in FY27; targets deposit growth of 13-14%
The proposed stake dilution, along with a potential OFS, comes as the lender moves to meet the minimum public shareholding requirement of 25%.
Anthropic IPO: Three major investors who plan to take part in the offering told a US media outlet that the valuation would likely need to be lowered, with one saying it could end up closer to $1 trillion.
Indian stocks set for pullback after sharp rally on oil slide, foreign inflows
Indian markets are likely to experience a decline on Friday following a global market selloff. Investor concerns are rising due to the impact of the US Democratic win on regulations and foreign policy. Both Nifty 50 and BSE Sensex ended their six-session winning streak on Thursday. Foreign institutional investors made substantial stock purchases amid shifting market dynamics related to AI.
Positive Breakout: These 8 large-cap stocks cross above their 200 DMAs
As long as a stock's price remains above its 200-day moving average on the daily timeframe, it is generally interpreted as being in an overall uptrend.
How a banking scandal is taking down Trumps ally in Paraguay
Paraguay's Ueno Bank has collapsed, leaving customers locked out of their accounts and prompting nationwide protests. President Santiago Pea faces impeachment while being linked to the bank's swift downfall amid allegations of misconduct. The Central Bank had found serious issues with Uenos lending practices prior to its seizure, which caused it to be declared insolvent. Regulators found that the bank issued loans beyond legal limits without proper categorization.
It wasn't Republicans, it was Dumocrats: Trump blames election results for stock market plunge
US President Donald Trump linked the recent decline in the stock market to Democratic victories in the midterm elections. He mentioned that retirement savings have been impacted due to the market loss. While the stock market experienced a steep sell-off, the Nasdaq Composite fell significantly. Concerns about restrictions related to technology companies contributed to the downturn in market performance.
People will be unhappy, but itll be too late: Trump sees disaster ahead after midterm losses
Tata Motors finds task cut out for Iveco turnaround after twin losses
Iveco lost 45 million in the September quarter, its second quarterly loss this year, just as Tata Motors took control. Tata must now turn it around while carrying acquisition debt and honouring conditions that block immediate restructuring.
PE firms turn to management incentives to drive growth and unlock exit value
Management incentives, paid over and above the pay package, can be seen as profit sharing and help private equity (PE) funds attract and retain top talent to lead portfolio companies through to exit, industry executives said.
Mumbai airport clips 12 foreign airlines' wings as Adani pushes redevelopment
The move comes as the two airports' operator, Adani Airport Holdings Ltd, prepares to redevelop the existing airport, even as a month-long standoff with foreign airlines over relocating their operations remains unresolved
Hertz Shares Plunge as Car Renter Warns Its Running Low on Cash
Hertz Global Holdings Inc. shares plummeted after the car renter cautioned it expects to end the year with less cash and borrowing capacity than previously expected.
Mumbai (Maharashtra) [India], November 5: Ageas Federal Life Insurance, one of India's leading private life insurers, today launched Wealth Infinity Plan, a unit-linked life insurance plan that brings together long-term wealth creation and life insurance protection. Designed around two different financial horizons 1. Building towards a goal 2. Planning for the next Generation - the plan promises customers the freedom to choose investment funds and strategies that support each life stage.
Northern Arc Diversified Debt Fund Raises Rs. 400 Crore+
Mumbai (Maharashtra) [India], November 5: Northern Arc Investment Managers Private Limited (Northern Arc Investment Manager), the asset management subsidiary of Northern Arc Capital Limited, a diversified financial services platform has announced the first close of its Northern Arc Diversified Debt Fund, with commitments exceeding Rs. 400 crore from institutions, family offices, ultra-high-net-worth individuals (UHNIs) and high-net-worth individuals (HNIs). This fund is Northern Arc Investment Manager's 15th private credit fund, a sector-agnostic Category II Alternative Investment Fund (AIF) focused on performing private credit opportunities. Rated AA (SO) by CareEdge Ratings, the fund targets a corpus of Rs. 1,500 crore, with an additional greenshoe option of Rs. 500 crore, taking its potential size to Rs. 2,000 crore, with a tenure of five years, the fund targets 16% XIRR.
The Nov. 915 horoscope singles out Cancer, Virgo and Libra for potential gains in money and work.Cancer could find a partner for a stalled project, while Virgo may feel ready to ask for better pay.
