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Senior advocate Darius Khambata will reportedly not seek another term as a trustee of the Sir Dorabji Tata Trust and Sir Ratan Tata Trust. In a letter to Noel Tata and Siddharth Sharma, he also questioned the Tata Sons boards September 17 decision to retain N Chandrasekaran, as per the report.
Aurionpro Solutions posts 16% revenue growth in Q2, but profits slide
The margin pressure stems from expenses growing faster than revenue. Total expenses rose 20.3% year-on-year in Q2
No spin doctoring can mask what happened, Khambata wrote in a letter to Tata Trusts chairman Noel Tata
IndiGo CEO William Walsh takes aim at airport monopolies as record fuel costs bite
Seeking lower taxes and airport fees to protect aviation growth, Walsh warned that rising monopoly tariffs and record jet fuel prices are squeezing airline margins.
Centre says aviation rules under Bharatiya Vayuyan Adhiniyam being fast-tracked to curb volatility and ensure passenger protection
A man in Guangzhou, China, is offering to argue on behalf of people who struggle with confrontations for 188 yuan (around Rs 2,600). His service covers disputes over unpaid wages, refund requests, poor services and cosmetic surgery results. Videos of his unusual work have drawn attention online, with users sharing the complaints they would want him to handle.
Gopal Vittal re-elected GSMA Chair for second term until December 2028
The Bharti Airtel executive vice chairman will lead the global telecom industry body through 2028, with Ralph Mupita and Margherita Della Valle serving as co-Deputy Chairs
Mold-Tek Packaging shares surge 17% as Q2 FY 27 profit jumps 35% YoY to Rs 21 crore
Mold-Tek Packaging shares surged nearly 17% after the company reported a 35.5% YoY rise in Q2 FY27 net profit and 30.5% revenue growth. Strong pharma and FMCG packaging volumes supported performance, while new product launches and expansion plans strengthened its growth outlook.
As midterm elections approach in the US on November 3, 2026, voters must prepare for varied state-specific voting laws about polling places and ID requirements. Options for early voting and mail-in ballots are also available, depending on individual state rules. It is vital for voters to confirm registration status and get acquainted with candidates and measures on the ballot. Help is offered for those needing assistance or accessible voting options.
SEBI cited the violation as failure to maintain structured digital database in relation to an unpublished price sensitive information relating to business update given by the company for the quarter ended June 30, 2025, according to a stock exchange filing
L&T secures significant orders for residential, commercial projects
L&T classifies orders in the range of 1,000 crore to 2,500 crore as 'significant'
Euro zone countries are integrating faster with US than with each other, ECB says
Euro zone countries are experiencing increased economic integration with the United States compared to internal collaboration. The European Central Bank highlights concerns about economic vulnerabilities amid geopolitical tensions. Barriers to cross-border investment with the US have declined significantly since 2014. Research indicates that fragmented capital markets diminish economic resilience during shocks like COVID-19. A lack of integration may exacerbate investment reductions in times of rising oil prices.
Oyo parent PRISM clocks PAT of Rs 353 crore in Q1, up 17% YoY, revenue jumps 35%
Oyo parent PRISM reported a 35% YoY rise in Q1FY27 revenue to Rs 2,814 crore, while net profit grew 17% to Rs 353 crore. Gross Booking Value increased 30% to Rs 9,600 crore and EBITDA rose 24% to Rs 760 crore. Founder Ritesh Agarwal highlighted growth across hotels and vacation homes, technology investments and AI-led operational efficiencies.
Spandana Sphoorty reports Rs 7.8 crore cyber fraud in bank account
Spandana Sphoorty reported cyber fraud that led to unauthorized transactions of Rs 7.8 crore. The fraud was discovered on Sunday, prompting immediate action from the microfinance company. A senior official stated that the company has insurance that covers the losses incurred due to the fraud. Services associated with the fraud were halted, and investigations are currently underway. The company has requested its bank to reverse the transactions and investigate further.
Indian IPO market clocks record Rs 84,400 crore in H1 FY27, fundraising jumps 30%
India's mainboard IPO market raised a record Rs 84,400 crore in H1 FY27, up 30% year-on-year, as September saw unprecedented fundraising. Strong investor participation, confidential filings and a robust pipeline supported primary market momentum.
Chennai (Tamil Nadu) [India], November 2: Kauvery Hospital, Alwarpet, Chennai, has successfully treated severe aortic valve leakage, known as Pure Native Aortic Regurgitation (PNAR), in a 63-year-old man with a transcatheter aortic valve replacement (TAVR) procedure using the specialised HANCHOR valve. The condition was caused by a perforation in the patient's native aortic valve leaflet. The patient also had a history of mitral valve replacement, adding to the complexity of the treatment. This is the first of its kind procedure where the HANCHOR valve has been used for TAVR in a patient presenting with this combination of clinical factors.
Razorpay gets final licence to expand cross-border payments from GIFT City
The approval allows Razorpay to facilitate foreign currency transfers and offer multi-currency accounts from GIFT City under a single regulatory framework
FIIs increase stake: 11 Nifty stocks rally up to 50% in FY27 so far
Foreign institutional investors raised their stakes in 19 Nifty 50 companies in the September 2026 quarter. Of these, 11 stocks have gained 10% to 50% in FY27 so far, reflecting strong price momentum alongside increased FII ownership.
MobiKwik shares zoom 10% as fintech firm posts record Rs 12 crore profit in Q2
MobiKwik returned to profitability in Q2 FY27, reporting a record consolidated net profit of Rs 11.8 crore against a loss of Rs 28.6 crore a year earlier. Profit rose over 55% sequentially from Rs 7.6 crore in Q1 FY27, while revenue from operations increased 9% year-on-year to Rs 1,082.6 crore.
Rise in NPA is due to change in regulation, says Muthoot Finance MD
Muthoot Finance has indicated an increase in bad loans linked to evolving lending regulations that are affecting borrowers. The company expresses confidence that clients will gradually acclimate to the revamped monthly payment system. The managing director mentioned it is still too early to assess the regulation's overall influence on the industry.
Pixxel says Indian government projects, IP remain under Indian ownership and control
The clarification follows questions over the companys work with Indian defence and space agencies, including projects supported by the iDEX initiative, and the location of its IP as it expands its international operations.
Japanese online service company GMO apologizes for security breaches and promises compensation
Japanese online service company GMO apologizes for security breaches and promises compensation
Missed Reliance Industries historic 8% one-day rally? Heres what technical analysts are saying
Reliance Industries shares surged on Monday, marking their sharpest single-day rally in nearly seven years and adding Rs 1 lakh crore to its market capitalisation, taking it to Rs 17 lakh crore. The rally followed strong Q2 FY27 results, with consolidated net profit rising 41% year-on-year to Rs 25,548 crore and revenue growing 29% to Rs 3.32 lakh crore. The oil-to-chemicals segment led earnings growth, with EBITDA jumping 68% to a record Rs 25,203 crore.
South Eastern Coalfields files DRHP with SEBI for IPO; Coal India to offload 66.8 crore shares
Coal India subsidiary South Eastern Coalfields has filed its draft papers with SEBI for an IPO comprising an offer for sale of up to 66.81 crore shares. One of Indias largest coal producers, SECL reported higher revenue and profit and plans to list on the BSE and NSE.
Tilaknagar Industries slides 2% post Q2 results; brokerages stay bullish despite margin miss
The stock is well off its 52-week high of 607.80 hit in September and is now down over 10 per cent in the past year, though it remains up 120 per cent over three years.
Modi Naturals targets 500 crore consumer business with push into foods, snacks
The company plans to leverage its retail distribution network of over 50,000 outlets, supported by more than 450 distributors, along with its growing quick-commerce presence to drive the next phase of growth.
Gulf Oil eyes 6,000 crore revenue by FY30; EV arm Tirex targets 400 crore
Gulf Oil Lubricants India is eyeing over 6,000 crore in annual revenue by FY30, supported by lubricant capacity expansion and growth at EV charger subsidiary Tirex, which supplies MG and VinFast
Spandana Sphoorty reports 7.8 crore cyber fraud involving 82 accounts
The microfinance lender said unauthorised transactions were made from one of its bank accounts on November 1, and it has sought fund recovery and the freezing of beneficiary accounts
Infosys shares slide over 2%; Hyderabad campus expansion fails to lift sentiment
The stock opened at 1,191.90, touched an intraday high of 1,194.50, and slid to a low of 1,153.00 by early afternoon, with sell orders accounting for roughly 68 per cent of total traded quantity.
Devyani International's Q2 loss narrows sharply on strong same-store sales growth
The company said its consolidated net loss narrowed to $25,301.78
Indias small companies need to see AI as more than an artificial promise
India MSME news: India's micro, small and medium enterprises are exploring the adoption of artificial intelligence to enhance productivity. AI is expected to generate significant economic value for these enterprises in manufacturing and services sectors. Various challenges remain regarding the integration of AI into existing workflows and overcoming cost barriers. Collaborative efforts among industry bodies, technology providers, and the government are essential for facilitating this transition.
Ambuja Cements plans 30-MTPA expansion, targets 155-MTPA capacity by FY30
The company plans to invest 14,500 cr in the latest round of expansion
A Microsoft employees work-focused day in my life video sparks debate online, contrasting with clips showing office perks. While some welcomed the portrayal, others questioned its authenticity and pointed to his earlier videos highlighting workplace benefits.
Devyani International Q2 results: Net loss narrows sharply to 24 lakh
The company, a franchisee of US-based Yum Brands, said its consolidated net loss narrowed to 24 lakh ($25,301.78), compared with a loss of 21.89 crore a year ago
New Delhi [India], November 2: Catch Salt & Spices, one of the popular brands under Dharampal Satyapal Group (DS Group), a leading FMCG conglomerate and multi-business corporation, has unveiled a new television commercial for Catch Ginger Garlic Paste, introducing the category's first Squeezy bottle in India. Conceptualised by VML India, the campaign is built around the line 'Squeezy Hai, Easy Hai' and puts everyday kitchen convenience at the heart of the communication.
SC rebuke in Vedanta dispute exposes gaps in Indias fast-track arbitration push
The apex court's sharp criticism of the Centre over a 22-year-old Ravva oilfield dispute highlights how state-led litigation and enforcement delays continue to undermine India's global arbitration ambitions.
Coal India shares jump 4% after firm records highest-ever monthly coal supplies in October
Coal India shares jumped more than 4% after the state-run miner reported record monthly coal production and supplies in October. Total supplies crossed 70 million tonnes for the first time, while deliveries to the power sector reached an all-time high of 57.1 million tonnes.
India's manufacturing sector activity growth eases in October on softer rise in output, new orders
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell to 54.7 in October from 55.1 in September. Still, it remained above its long-run average and comfortably above the neutral mark of 50.0
Dixon Technologies shares gain 11% after Q2 revenue jumps 47% YoY
Dixon Technologies shares surged 11% after the company reported a 46.7% YoY rise in Q2FY27 revenue to Rs 21,794 crore. However, net profit fell 48.7% to Rs 343.7 crore, while EBITDA declined 37% to Rs 666 crore. EBITDA margin contracted to 3.1% from 7.1% a year ago, despite higher revenue and operating profit growth.
The price of Gulf war is flashing on cement bags
Prices of coal and petcoke, both key to cement making, have stayed high as the war in West Asia drags on. Manufacturers like UltraTech, Ambuja Cements and Dalmia Bharat are left with no option to pass on the higher costs. The hikes came in September and October.
Hepatologist Dr. Cyriac Abby Philips criticized former cricketer Yuvraj Singhs new supplement venture, Protocol 32, alleging that its ingredients pose health risks and that many lack strong evidence. Philips also questioned Singhs collaborators and urged people not to accept invitations to join.
Spandana Sphoorty Financial reports cyberattack involving its bank account
Transactions totaling about $822,300 were transferred from one of its bank accounts to multiple beneficiary accounts
Ambuja Cements plans 14,500-crore expansion to boost capacity to 155 mtpa
The expansion comes amid rising infrastructure and housing demand, with cement makers investing in plants and grinding units across regional markets.
Jio Platforms shares climb over 3% post Q2 earnings
Jio Platforms on October 30 reported a 13.7% rise in consolidated net profit to 8,389 crore for the September 2026 quarter
Ambuja Cements to invest $1.5 bn to lift capacity to 155 MTPA by FY30
The expansion plan comes days after Ambuja reported a 34.7% fall in quarterly net profit, hurt by higher fuel and freight costs
Sebi backs removal of LTCG tax for foreign investors: Report
To boost foreign investment interest, India's Securities and Exchange Board has put forth a proposal to scrap long-term capital gains tax for foreign investors and extend tax relief to mutual fund investors. This move is designed to counteract the high capital gains taxes and transaction costs faced by foreign entities, aiming to enhance the overall attractiveness of India's equity market.
Government giving Rs 8,000 as diwali bonus? PIB responds to viral claim
The Press Information Bureau issued a warning about fraudulent WhatsApp messages claiming an Rs 8,000 Diwali bonus. These messages ask recipients to click on links to access a fake payment website. The messages aim to collect personal information and trick users into unauthorized transactions. Citizens are advised to verify such claims through official government websites and not to respond to suspicious messages.
The Ministry of Defence has signed contracts worth 53,866.50 crore with Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard (GSL) for the construction of eight Next Generation Corvettes for the Indian Navy. Under the deal, GRSE will build five warships and GSL the remaining three.
SP leader Azam Khan moves Supreme Court challenging ED arrest in Jauhar Trust money laundering case
Samajwadi Party leader Azam Khan has taken his case to the Supreme Court following his recent detention by the Enforcement Directorate. After his arrest related to the Jauhar Trust, a special court in Ghaziabad placed Khan in 14 days of judicial custody. His legal team has filed a plea for a hearing, though the court has denied an urgent review at this time.
Panchkula School Case News: A Class III student allegedly attacked a six-year-old KG girl at a Panchkula government school using a brick kept as a classroom doorstop. He initially blamed other students but later confessed, claiming she used to tease him. Police have also flagged security lapses, while the school principal and two teachers have been suspended.
State-run bank chiefs see credit growth holding firm despite margin pressures
Rising funding costs and competition for deposits remain key challenges.
Vedanta Oil and Gas shares jump 14% in 2 days, m-cap swells by Rs 1,600 crore after Q2 results
Vedanta Oil and Gas shares jumped 6% on Monday after rallying 8.5% in the previous session, adding nearly Rs 1,600 crore to its market capitalisation. The gains followed a strong Q2 performance, with the company reporting a net profit of Rs 746 crore against a loss of Rs 91 crore a year ago, despite a sequential decline.
Ashok Leyland reports 23% growth in October sales
Sales in the Medium and Heavy Commercial Vehicle (M&HCV) segment grew 28% to 13,927 units from 10,865 units, while the Light Commercial Vehicle (LCV) segment registered a 14% rise to 7,961 units
Bajaj Auto's October sales grow 14%
The automaker's total wholesales stood at 5,91,876 units, against 5,18,170 units in the year-ago period
Bank of Baroda shares jump nearly 3% as analysts upgrade on Q2 beat
The sell-side skew remains heavy, 78.5 per cent of pending orders are on the sell side against 21.5 per cent buy orders, but buying interest has pulled the stock well above Fridays close of 238.60.
Bangladesh garment sector hit by wage unrest; Govt sets up review board
Aditya Birla Capital stock ticks up as brokerages back Q2FY27 beat with Buy calls
Aditya Birla Capitals consolidated revenue grew 31% y-o-y to approximately 165 billion in Q2FY27, while consolidated profit after tax climbed 38% y-o-y to around 12.9 billion
Emirates NBD charts next phase of India expansion after RBL deal
Emirates NBD is leveraging its acquisition of RBL Bank to tap into India's growing middle-class and affluent segments, scale digital banking synergies across the UAE-India corridor and expand its footprint through strategic bolt-on acquisitions and venture investments.
GAIL shares jump 4% as Q2 net profit rises over 8% to Rs 4,650 crore, revenue grows 17%
GAIL shares rose nearly 4% after the company reported strong second-quarter profit and revenue growth, supported by its gas marketing and transmission businesses. Investor sentiment was also buoyed by the board
PC Jeweller shares drop 4% after Sebi sends warning letters to MD, company secretary. Here's why
PC Jeweller shares fell over 4% after Sebi issued warning letters to two senior executives for failing to maintain a structured digital database linked to a 2025 business update. The company said the warnings would have no financial or operational impact.
Ashok Leyland reports 23% growth in October sales to 21,888 units
Commercial vehicle major Ashok Leyland on Monday reported a 23 per cent year-on-year growth in its total sales during October. The Chennai-based automaker's total sales, including exports, stood at 21,888 units, up from 17,820 units a year ago, according to an exchange filing. Sales in the Medium and Heavy Commercial Vehicle (M&HCV) segment grew 28 per cent to 13,927 units from 10,865 units, while the Light Commercial Vehicle (LCV) segment registered a 14 per cent rise to 7,961 units. Total domestic sales rose 24 per cent to 20,224 units from 16,314 units a year ago, with 32 per cent growth in the M&HCV segment to 12,646 units. Domestic LCV sales increased 13 per cent to 7,578 units.
Coal India unit South Eastern Coalfields files for $800 million IPO
The offering will consist entirely of shares sold by parent Coal India, with no fresh issuance, according to the draft prospectus filed with Sebi
Reliance Industries shares surged nearly 7.5% after reporting outstanding Q2 results for FY27. The company announced a massive 41% yearly increase in net profit to Rs 25,548 crore, alongside a 29% rise in revenue to Rs 3.32 lakh crore. Many international brokers are holding onto 'Buy' ratings, anticipating considerable upside for the stock. These recent gains have helped Reliance rebound from a 52-week low recorded earlier this month.
The November 3 US midterm elections could reshape control of Congress, with analysts anticipating potential Republican losses. A divided government may heighten market volatility, although historical annualised returns remain largely unaffected. For Indian investors, the key concerns are the dollar, US bond yields, crude oil prices and foreign fund flows amid an already challenging market environment.
Vedant Poly Fabs SME IPO opens today; GMP at 16%, check key details
Vedant Poly Fabs Rs 56.68-crore IPO opens for subscription today on the NSE SME platform, with a 16% grey market premium indicating a potentially positive listing. The company plans to use the proceeds for working capital, debt repayment and manufacturing expansion.
Why Indian cinema cant match Hollywoods 100-day advance booking model
Censor delays, unconfirmed runtimes, and last-minute date shifts keep Indian cinema tied to short booking windows. Experts suggest a phased premium strategy could help event films bridge the gap.
Cheap stocks arent enough: The one trigger FIIs need to return to India
FIIs have pulled nearly $64 billion from Indian equities over the past two years, marking the longest and deepest sell-off in two decades, according to JM Financial. Despite cheaper valuations and an improving earnings outlook, foreign investors remain on the sidelines, with a sustained decline in crude oil prices emerging as a key trigger for their return.
ED registers money laundering case against Subhash Chandra over loan fraud
The Enforcement Directorate has registered a money laundering case against media baron Subhash Chandra in connection with an alleged loan fraud that caused a Rs 1,322 crore loss to Life Insurance Corporation Housing Finance Limited (LICHFL), officials said on Monday. Chandra is alleged to have inflated his net worth to avail loans from LICHFL and then defaulted on them. The officials said the case has been filed under the Prevention of Money Laundering Act (PMLA), taking cognisance of a CBI FIR. A comment from Chandra is awaited. The CBI had earlier filed a case on the complaint of LICHFL, based on which the ED registered the money laundering case. The LICHFL, in its complaint, which is part of the CBI FIR, alleged that Chandra submitted net-worth certificates used to secure the approval and disbursal of two loans totalling Rs 980 crore. According to the LICHFL's complaint in August, the default on these loans caused a loss of Rs 1,322 crore. The LICHFL was one of the lenders th
Diwali stocks to buy! 8 stocks with upside potential of up to 52%
As Diwali approaches, Axis Direct has spotlighted nine stocks with significant upside potential for savvy investors. Among these, ITC Ltd. is projected to soar with a 39% target price hike, while Mazagon Dock Shipbuilders could see an impressive 68% rise. Olectra Greentech joins the ranks with a forecasted increase of 52%. Coforge and Hindalco also make the list, suggesting a strategic investment opportunity this festive season.
Apples new CEO Ternus to face first earnings test as memory costs surge
APPLE-RESULTS/ (PREVIEW, PIX):PREVIEW-Apple's new CEO Ternus to face first earnings test as memory costs surge
Zen Technologies shares rally 9% after Q2 profit rises 51% YoY, revenue nearly doubles
Zen Technologies shares jumped 8.67% after the defence technology company reported a 51% YoY rise in Q2 net profit to Rs 90 crore, while revenue surged 98% to Rs 345 crore. The company recorded an order inflow of Rs 481.81 crore during the quarter, taking its consolidated order book to Rs 1,375.70 crore as of September 30, 2026.
With Diwali 2026 on the horizon, 77 stocks have thrived despite market fluctuations, marking exceptional returns. Mrugesh Trading showcases an astonishing gain of 4,657%, while Axis Solution follows closely with 1,081%. Other strong performers are Sterlite Technologies and Cupid, each demonstrating impressive growth. Analysts are hopeful for a market rebound thanks to falling crude oil prices, which could positively impact sectors such as automotive, capital goods, and pharmaceuticals.
FII retreat deepens: Almost every second Nifty stock sees stake cuts in all 3 quarters of 2026
This year has seen Foreign Institutional Investors (FIIs) divest nearly 3 lakh crore in Indian equities, causing a significant reduction in their stakes. As a result, FII ownership has declined in about half of the Nifty stocks over the past three quarters. Meanwhile, Domestic Institutional Investors (DIIs) have increased their equity holdings, reflecting a change in market dynamics amidst frequent foreign sell-offs.
Nita Mukesh Ambani Anant Ashray will be developed in phases, subject to approvals, as a not-for-profit township with eight residential villages. The proposed centre will offer housing, healthcare, education and rehabilitation for children, older people and people with disabilities.
NTPC shares rise 3% after Q2 results. Why Jefferies and Nuvama remain bullish
NTPC shares rose after the state-owned power major reported a 14% YoY rise in standalone net profit to Rs 5,320 crore for Q2 FY27. Revenue grew 17% to Rs 45,752 crore, while EBITDA increased 9% to Rs 10,891 crore. The company also announced an interim dividend of Rs 3 per share, with November 6 set as the record date. Brokerages maintained their Buy ratings on the stock.
As festive online shopping gathers pace, Indias logistics companies are expanding warehouse capacity, hiring workers and using AI to manage deliveries. Rising order volumes, bulkier parcels and demand from smaller towns are testing their ability to keep shipments moving and meet delivery promises.
Zydus Lifesciences among 6 stocks showing White Marubozu pattern
Six Nifty500 stocks featured in StockEdge's White Marubozu bullish scanner on October 30, signalling strong upward price momentum during the trading session.
Indias consumers are back, its stocks arent: Srinivasan Sivabalan
Amid the vibrant festive season in India, consumer demand is soaring, prompting businesses to boost sales and raise prices accordingly. However, rising costs are pressuring profit margins, causing a decline in investor confidence. The stock market struggles to reflect the upbeat consumer activity, signaling a potential need for a resolution to the Iran war and governmental intervention to promote stability.
China lowers funding costs with shift to overnight policy rate
China's central bank has implemented a major alteration to its monetary policy by establishing an overnight lending rate, which injects substantial liquidity into the banking sector. This initiative seeks to alleviate costs for financial entities and stimulate economic growth in light of increased credit risks. Experts estimate this change could lower interest rates by 15 basis points, thereby maintaining profitability among financial institutions.
2 tankers explode after allegedly hitting naval mines in Strait of Hormuz, Iran claims
Iran's Islamic Revolutionary Guard Corps reported that two oil tankers exploded in the Strait of Hormuz after striking naval mines. Both vessels allegedly ignored warnings about using restricted routes and had switched off their navigation systems. The UK Maritime Trade Operations issued a warning about an incident in the same area involving a merchant vessel.
Positive Breakout: These 6 stocks cross above their 200 DMAs
In the Nifty500 pack, six stocks' closing prices crossed above their 200-day moving averages (DMA) on October 30, 2026, according to StockEdge's technical scan data. The 200-day moving average (DMA) is used by traders as a key indicator for determining the overall trend of a stock. 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.
Indian stocks may recover on steady growth and earnings, Axis AMC says
Indian stocks are expected to recover in the financial year due to strong earnings and economic growth. The Nifty 50 index has decreased significantly after years of gains, partly due to global issues. The fund manager emphasizes that foreign fund outflows do not indicate a decline in India's growth prospects. Certain sectors like AI, energy, and domestic manufacturing are highlighted for potential investment.
Binance resumed customer withdrawals after a $6.3 billion cyber theft, reporting a $3.64 billion net outflow on Sunday. The exchange says it will cover the losses and has replenished 90% of the stolen funds. The FBI has attributed the attack to the North Korean hacking group TraderTraitor.
Sun Pharmas specialty portfolio, Organon deal to drive growth
Sun Pharmaceutical achieved notable revenue growth in the September quarter, driven by strong performance in India and specialty medicines. The company anticipates medium-term growth from therapies like Ilumya and ongoing innovative projects. Although profitability was affected by acquisition and litigation costs, the domestic market share increased to 8.6% from last year. R&D investments are expected to rise in the second half of FY27 as development accelerates.
Reliance Industries reports strong growth in September quarter, driven by oil-to-chemicals segment
Reliance Industries has reported a significant growth in revenue and profits for the September quarter. The oil-to-chemicals segment has led this growth while retail segment profitability faced pressures from digital commerce investments. Jio Platforms also reported double digit revenue and profit growth, aided by increased average revenue per user and subscriber additions. Rising inflation and a shift in festive demand to the December quarter may impact future retail earnings.
November could favour bulls, but macro headwinds cloud outlook
In November, investors are optimistic about Indian equities due to ongoing festive celebrations and better-than-expected corporate earnings. While the Sensex and Nifty boasted gains in October, other market indices saw declines. However, potential threats such as rising crude oil prices and global uncertainties remain. A noticeable surge in purchases by foreign portfolio investors signals renewed interest in Indian stocks.
Two Point O Capital raises $10 million to expand clean energy platform
The company plans to enter battery energy storage and expand its solar, energy efficiency and wastewater treatment businesses
Cybercrime surge drives rush for white-collar crime lawyers
Their work is also shifting from routine compliance audits to risk assessment, incident response and investigations, they said. White-collar crimes are typically committed by entities
