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Meta has agreed to keep CEO Mark Zuckerberg in California for eight years as the state considers a proposed one-time 5% tax on billionaires. A new class of nonvoting shares will let him raise cash while preserving his voting control and support Metas AI investment plans.
Anthropic opens 3.26 crore job for human writers; experts say it's a premium on judgment
Anthropic wants a candidate with at least eight years of experience who can quickly digest technical concepts, sharpen executive thinking, and maintain composure during breaking news.
Aditya Birla AMC Q2 net profit dips 8.4% to Rs 221 crore
Aditya Birla Sun Life AMC witnessed an 8.4% decrease in net profit for the September quarter of FY27, coming in at 221 crore, down from 241.32 crore last year. In contrast, operational revenue grew by 5% to 484 crore. The company faced a 21% increase in total expenses, which rose to 230 crore. Significantly, the Quarterly Average Assets Under Management reached 4.42 lakh crore, reflecting a 4% year-on-year increase.
The case stems from allegations that Cambridge Analytica, a British political consulting firm involved in Donald Trump's 2016 presidential campaign, obtained data from millions of Facebook users without their consent.
Why RBI is draining excess liquidity but also injecting funds
Reserve Bank of India has significantly reduced banking system liquidity from a peak surplus in a short time. Liquidity surged after banks received funds from overseas Indians under the FCNR(B) scheme. The central bank utilized reverse repo auctions and cash reserve ratio adjustments to absorb this surplus effectively. As overnight rates increased following these liquidity measures, RBI temporarily infused funds to manage sharp rate rises.
Jio IPO bids hit 70,000 crore on day 1; outpaces NSE, LIC, GIC issues
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a rate of 9.42 times, while retail investors opted for a 0.73 times rate. Non-institutional interest was stronger at 1.68 times. The company plans to allocate a large share of the funds toward debt clearance, reflecting optimistic perceptions of Jio Platforms' future.
Small influencers make a big festive splash this season
Smaller social media influencers are enjoying a bumper festive season this year, with some earning up to five times more from brand deals. As brands turn to smaller, regional creators to reach local shoppers, higher campaign fees are boosting paydays even as consumer spending remains under pressure.
India may overtake US as top Scotch whisky market by value as tariff cuts spur premium demand
Scotch whisky consumption in India is growing faster than the overall whisky market, and industry executives expect demand for premium bottles to rise. The UK-India trade deal may make imported Scotch more accessible, though state taxes and regulations will shape price cuts and investment.
D-St set for a negative opening as GIFT Nifty signals weak start
Benchmark indices began the day with gains but faced selling pressure as trading continued. The indices eventually closed lower amidst increasing Brent crude oil prices over $110. Analysts suggest that Monday's high of 23,175 is a crucial resistance level to watch. Foreign portfolio investors significantly bought shares, while domestic institutional investors were net buyers as well.
Stocks in news: Reliance Industries, Eternal, Alkem Labs, BEL, HPCL, Swiggy and GMDC
Indian markets witnessed a downturn on Wednesday, prompted by significant selling in banking stocks. After showing initial promise, the Nifty 50 index dropped by 77.60 points to close at 22,811.35. Reliance Industries celebrated a reaffirmation from ICRA concerning its non-convertible debenture program, valued at Rs 12,000 crore. Eternal also reported impressive year-on-year growth in Q2 revenue and net profits.
Indian banks open cheque books for 10,000 crore-plus in M&A funding after RBI rule change
Indian banks have recently engaged in significant M
Mukesh Ambani hosts Marco Rubio at Reliances Jamnagar refinery
The visit featured discussions on energy security, advanced manufacturing, digital infrastructure and opportunities for commercial collaboration between Indian and American companies.
'$50K fraud': Florida AG Uthmeier announces arrest of Kissimmee mayor accused in scam case
US midterms polls 2026 prediction: The US Constitution says that states have the primary authority for the administration of elections. Voter rolls cannot be changed on a major scale less than 90 days before an election.
The 342-km BengaluruVijayawada greenfield highway, targeted for completion in 2027, is expected to cut travel time by 34 hours and shorten the route by 110 km. Part of NH-544G, it will connect five Andhra Pradesh districts, boost freight movement and improve industrial connectivity.
Persistent Systems launches Rs 4,265-cr QIP; floor price set at Rs 5,550/share
Persistent Systems has opened a qualified institutional placement to raise up to USD 450 million, or about Rs 4,265 crore. The IT company has set the QIP floor price at Rs 5,550 per share and may offer investors a discount of up to 5% under the approved pricing terms.
A 13-year-old teen girl from Massachusetts, Kaia Minn, has developed biodegradable seed pods using discarded citrus peels and other plant-based materials after being inspired by wildfire reports from California and Canada. The pods are designed to protect seeds during early growth before decomposing naturally, with potential applications in forest restoration, agriculture and gardening. Further outdoor testing is needed to establish their effectiveness.
In light of critical vulnerabilities discovered in PHP, numerous websites have been taken offline. The FBI has strongly recommended that organizations either update their PHP installations or disconnect vulnerable systems. Cybersecurity experts warn that these flaws pose a significant risk of data theft and cyberattacks. In response, website administrators are implementing urgent maintenance. Users are encouraged to exercise caution and adhere to online safety protocols.
Meta ordered to pay New Mexico $25 billion after jury finds it deceived Facebook users about privacy
Jurors in September found Meta liable for over 43 million violations of New Mexico consumer protection laws when a political consulting firm, Cambridge Analytica, harvested Facebook user data to generate targeted political ads for the 2016 election.
American entrepreneur Zach Yadegari co-founded Cal AI, a calorie-tracking app that reportedly generated more than $30 million in annual revenue before its acquisition by MyFitnessPal. Now, the 19-year-old founder is building Persona, an AI assistant startup that has raised $10 million.
IHCL to have 700 hotels within FY27, says MD & CEO Puneet Chhatwal
Indian Hotels Company expects to reach 700 hotels in FY27, ahead of its 2030 target, and has raised its FY27 revenue growth guidance to 15-17% from 12-14%
India Cements Capital receives open offer letter at 12 per share
The open offer will open on October 28 and close on November 11, 2026
Agrivoltaics on 10% of suitable land can meet 2050 power demand: Pralhad Joshi
Pralhad Joshi, Union Minister for New and Renewable Energy also stated the government is working to add a dedicated component for agrivoltaics in the second phase of PM-Kusum.
Wendts consolidated net profit doubles in Q2 FY27
The increase in profit was mainly due to higher volume and cost optimisation initiatives focused on reducing manufacturing expenses despite input cost increase
LMW to invest 10 crore to expand machine capacity
The new unit is expected to reduce machine delivery lead times, the company said in a regulatory filing
Zee expands content strategy with non-fiction offerings across languages
Zee is further enhancing its non-fiction slate with a mix of established marquee properties across different languages
Eternal to launch privacy-focused Dark.ai, global launch this year
Blinkit and Zomato sit in the low-risk zone against the threat of agentic commerce, says Deepinder Goyal
Mahindra and Mahindra Finance PAT up 55%
The companys net interest income (NII) increased 17.3 per cent to 2822 crore in the reporting quarter
IHCL profit grows 23%, company upgrades revenue guidance
The meetings and events segment and renovated assets in key markets propped up revenue, which wasup 21% at 2,566 crore on contributionsfrom
Shahrukhz by Danube has a total valuation of AED 2.1 billion or $572 million or 5,000+ crore project, as per the company. It is a 56-storey building locayed on Sheikh Zayed Road in Al Sufouh 1, Dubai.
Large non-bank lenders flag early signs of stress in gold loan portfolios
Bajaj Finance and Piramal Finance flag early signs of stress in gold loans as rapid lending growth raises concerns over repayment delays, borrower leverage and defaults
Mapmygenome completes acquisition of dnaPower Inc.
Mapmygenome CEO Anu Acharya says the acquisition creates a central platform for DNA, microbiome, pharmacogenetic, and longevity testing in North America
Advanced jacquard air-jet weaving facility to target global markets; commercial production planned within eight months
Mahindra Finance Q2 net profit rises 55% to 882 crore on loan growth
Mahindra Finance reported 22% growth in disbursements to Rs 16,499 crore in Q2FY27, while assets under management rose 15% and credit costs declined to 1.6% from 2.2% a year ago
L&T has secured large construction orders worth 2,500-5,000 crore for two Central Secretariat buildings in New Delhi and two 47-storey office towers in Amaravati, Andhra Pradesh. The projects are scheduled for completion within 24 and 30 months.
Dhruv Toshniwal's The Pant Project has raised 109 crore in a Series B funding round led by Mirae Asset Venture Investments. The menswear brand plans to expand its stores, add new categories and strengthen its presence across India.
FSSAI issues notices to Zydus Wellness, Nestle India
FSSAI said it has issued notices to Nestle India for misleading claims and non-compliant promotions involving two food products Lactogen Pro 1 Powder and Nan Excella Pro Stage 1
FSSAI issues notices to Nestl India, Zydus Wellness over product claims
FSSAI has issued notices to Nestl India over claims on Lactogen Pro 1 and Nan Excella Pro Stage 1, seeking scientific evidence. Zydus Wellness also received a notice over Complan, but said its claims are factual and backed by science.
Electric car sales rise 26% during Navratri, outperform non-EV vehicles
Electric passenger-car registrations increased from 9,768 units to 12,305 units during Navratri 2026, lifting the EV market share from 4.17% to 6.73%
RBI imposes restrictions on Puducherry Co-op Urban Bank, caps withdrawals
The Reserve Bank of India imposed restrictions on Puducherry Co-operative Urban Bank due to financial instability. Customers are limited to withdrawals of Rs 5,000 over the next six months. The bank's recent lack of compliance with supervisory concerns prompted these regulatory actions. Eligible depositors can claim up to Rs 5 lakh through the Deposit Insurance and Credit Guarantee Corporation.
Sigmabags 174 cr order from North American customer for artillery ammunition subsystems
The Hyderabad-based company said in a statement the order is scheduled to be executed by the second quarter of 2027
Market Trading Guide: Wipro among 5 stock recommendations for Thursday
Technical analysts have recommended Wipro, NHPC, Sagility, LTTS and Hexaware Technologies for potential gains, citing bullish chart patterns, support levels and momentum indicators. The recommendations include specific entry prices, stop losses and targets to manage trading risks.
RBI minutes point to more rate hikes as inflation risks broaden
The minutes of the RBI MPCs 5-7 October meeting, released on Wednesday, showed increasing signs of inflation broadening across the economy.
IIM Udaipur Launches India's First One-Year Full-Time MBA in Investment and Wealth Management
Udaipur (Rajasthan) [India], October 21: The Indian Institute of Management Udaipur (IIM Udaipur) today launched its One-Year MBA in Investment and Wealth Management (IWM), becoming the first and only IIM to offer a dedicated One-Year Full-Time Residential MBA Program in this domain. This pioneering initiative reflects the Institute's commitment to developing specialised management education that responds to emerging industry needs and evolving career opportunities in the financial services sector.
The commission ruled that the non-refundable ticket condition did not absolve the parties of their responsibility for failing to arrange the trip properly and communicate the cancellation in advance.
Delhi to Palwal in 45 minutes from 3 hours? How the new expressway could ease NCR traffic
The final stretch of the DND-Jaitpur-Faridabad-Palwal-Sohna expressway corridor has been completed. The 59-km highway is expected to improve Delhi-NCR connectivity, ease congestion on key South Delhi roads and reduce travel time to southern Haryana.
Motor third-party insurance premiums exhibited a sluggish growth rate of 9 percent year-on-year in September 2026. Insurers have reportedly reduced focus on this segment due to a Supreme Court ruling on compensation for homemakers. The overall motor insurance premiums saw a rise of 13 percent during the same month. SBI General Insurance demonstrated stronger performance compared to other private insurers in the third-party segment.
JEET AI Launches India's First AI Tutor That Goes Beyond Answers to Actually Teach
New Delhi [India], October 21: JEET AI introduces India's first AI Tutor that truly teaches, replicating the experience of learning with a personal teacher. Rather than waiting for students to ask questions, it actively teaches concepts, writes and annotates on a virtual board, presents relevant multimedia content, and uses interactive simulations to simplify complex topics. For instance, while teaching a concept in Chemistry, JEET AI can illustrate chemical reactions, explain the underlying science through visual demonstrations, and pause to test whether the student has understood the concept before moving forward.
Indian markets extended losses for a second session on Wednesday, with the Nifty falling 0.34% to 22,811 and the Sensex slipping 0.19% to 73,710. IT stocks led sectoral gains, with Infosys and HCL Tech topping the gainers, while Bajaj Finance, BSE and Eternal featured among the biggest losers.
SpaceX, Tesla boards study possible $3.5 trillion merger
Elon Musk said Tuesday that both boards formed independent- director committees to study a possible merger
Anticipation over upcoming EU FTA more than doubles Ferrari orders in India
The India-EU FTA is set to come into force early next year and significantly slash import duties on luxury cars. This has already boosted demand in India, say Ferrari chiefs
Want exposure to India's biggest banks? Zerodha launches new ETF
Zerodha Fund House has launched the BSE Top 10 Banks ETF, tracking Indias largest listed banks. The NFO runs from October 12 to October 26, 2026, with a minimum investment of Rs 1,000, offering focused banking exposure.
Eternal profit nearly doubles to 125 crore in Q2
Revenue from operations jumps to 24,138 crore in the second quarter
India is a highly fragmented media viewing market, says U.S. audience measurement firm Nielsen
The proposed $2.15 billion acquisition of DoubleVerify is expected to give advertisers in India and across the globe a single view of audience reach and media quality: Anil Goel, the Global Chief Technology Officer at Nielsen Holdings
CAS swings: Niftys indicative price jumps 500 points in seconds, closes higher than pre-CAS level
The Indian stock market experienced notable volatility during the closing auction, marked by a steep selloff that wiped out more than Rs 8 lakh crore in market capitalization. Despite Sensex and Nifty ending higher than pre-CAS levels, investor sentiment remained cautious due to escalating bond yields and ongoing selling by foreign institutional investors.
Travel platform Onto debuts with $1 million pre-seed funding
Offers Price Drop Refund feature which automatically refunds travellers the difference if the price of their hotel booking falls after the reservations are made
Polls in 5 states: Election Commission team in Manipur to review preparedness
The Election Commission has deployed a team of senior officials to Manipur to review preparations for assembly elections expected early next year in five states. Teams have also visited Uttarakhand, with Punjab scheduled for a review on October 28. The commission will conduct further assessments before announcing the election schedule.
MFs raise stakes in 10 stocks in Q2; shares rally up to 130% in FY27, including 3 multibaggers
Ten BSE 500 stocks have rallied between 59% and 129% in FY27 so far as mutual funds increased their shareholding in the September 2026 quarter. Cemindia Projects, Aditya Infotech and Aegis Logistics lead the list of gainers.
Republicans bet Musk's millions can rescue Texas' Paxton in US Senate race
Texas Senate race has become one of the most expensive in US history, with more than $500 million spent as Republican groups, backed by major donors including Elon Musk, seek to help Ken Paxton defeat Democrat James Talarico. With early voting underway, analysts say the focus has shifted from persuading undecided voters to mobilising supporters, while both parties battle over inflation, the Iran war and culture-war issues.
New Delhi [India], October 21: FMCG Industry veteran, Suresh Ramachandran today launched his first book, My Way Is the SURE Way: A Practitioner's GTM Playbook for FMCG Founders & Leadership Teams, drawing on three decades of FMCG experience, field observations and distributor interactions to offer a structured approach to go-to-market (GTM) strategy. The book is aimed particularly at founders and sales leaders of businesses in the 100- 400 crore range, where the strategies that drive early growth may need to evolve to support the next stage of expansion.
Maryland has repurposed over 300,000 bushels of used oyster shells since 2010, creating essential habitats for the growth of young oysters into thriving reefs. This project aims to restore the dwindling oyster population in Chesapeake Bay while enhancing critical underwater environments. To ensure the sustainability of these efforts, ongoing monitoring and protection of these habitats are paramount within the larger context of regional restoration actions.
Dilip Gavit leads India's gold-silver finish in men's 100m T47 event
Dilip Gavit secured the gold medal in the men's 100m T46/47 event at the Asian Para Games. Mohammed Morssinganakath Basil achieved a silver medal in the same event with a Games record time. Gavit finished with a time of 10.69 seconds while Basil clocked 10.72 seconds. In the men's 100m T64 event, Pranav Desai won a bronze medal, further showcasing India's athletic talent.
Adani Green Energy Q2 profit grows 16% to 747 crore, income up 39%
Adani Green Energy reported a 39% rise in total income to Rs 4,520 crore in Q2FY27, driven by capacity expansion and strong operational performance across its renewable energy sites
Could America elect its first Muslim senator? Michigan's high-stakes race may make history
Michigan's Senate race 2026 is drawing national attention as Democratic candidate Abdul El-Sayed seeks to become the first Muslim elected to the US Senate. The physician and former Detroit health official is running on healthcare, workers rights, higher taxes on billionaires and changes to immigration policy against Republican Mike Rogers in a closely watched contest.
Delhi-NCR invokes GRAP-I as AQI rises to 244, air quality likely to remain poor
The Commission for Air Quality Management has invoked Stage-I of GRAP across Delhi-NCR after Delhis AQI rose sharply from 179 on October 20 to 244 by 2 pm on October 21. With forecasts predicting poor air quality over the coming days, agencies have been directed to intensify anti-pollution measures.
NHAI turns to AI and open source to preserve institutional knowledge lost to officer transfers
The highway authoritys internal AI assistant helps officials navigate policies, contracts and project reports, while its developers work to make employees expertise reusable across offices
After Amazon, Google targets Nvidias software lock-in with TorchTPU
TorchTPU lets developers run PyTorch workloads on Googles AI chips with minimal code changes, as cloud providers seek to make their in-house accelerators easier to use
GreatWhite brothers settle dispute as Mehul Shahs family buys Hemangs 50% stake
The ownership dispute at GreatWhite Global Pvt. Ltd. has concluded with a stake acquisition by Mehul Shah's family. Hemang Shah's family received approximately Rs 862 crore for their 50% share. This acquisition marks the end of a 15-year partnership between the two brothers. Disputes over management escalated into legal challenges before this resolution. The company is now under single ownership and continues to report significant revenues.
Shriram Group renames Way2Wealth as Shriram Financial Services, appoints new CEO
The company has appointed Amit Golia as Managing Director and Chief Executive Officer to lead the venture
Eternal Q2 Results: Profit soars 92% YoY to Rs 125 crore; revenue zooms 78%
Eternal Q2 Results: Eternal, the parent company of Zomato and Blinkit, reported a 92.3% year-on-year (YoY) jump in net profit to Rs 125 crore in the second quarter of FY27 (Q2FY27), compared with Rs 65 crore in the corresponding quarter of the previous fiscal year.
Mint explainer: Why are consumer brands resorting to cross-industry marketing?
Unlike traditional partnerships between brands in the same industry, these cross-category collaborations bring together businesses with different products and consumer bases.
Adani Green Q2 Results: Profit rises 16% on higher power supply revenue
Revenue from power supply rose 45% year-on-year to 4,019 crore during the quarter
Essar Ports wins 2,276 crore Tuna Tekra terminal project in Gujarat
The project will be developed under a 30-year build-operate-transfer (BOT) concession through the public-private partnership (PPP) route
Nureca posts highest quarterly revenue in five years, Q2 sales jump 55%
Profit before tax rose 20% to 5.52 crore, while profit after tax increased 12% to 4.05 crore and earnings per share stood at 4.25 compared to 3.63 a year ago
Dr Reddy's gets DCGI nod for cancer drug's second indication in India
The approval allows toripalimab with cisplatin and paclitaxel as first-line treatment for unresectable advanced, recurrent or metastatic ESCC in adults
Bharat Biotech arm, VeGen Bio to manufacture advanced cancer treatment
Partnership expands vaccine maker's push into cell and gene therapies; companies target commercialisation of blood cancer treatment by 2028
Schaeffler India CEO taken into custody over fatal June factory accident
Two workers employed by a service provider died after a sudden carbon dioxide gas discharge during a scheduled cylinder replacement on June 9
From Dhirubhai to Akash Ambani, Reliance made stocks popular with Indians
Jio Platforms IPO is putting the Ambani familys relationship with Indias retail investors on a new footing, almost five decades after Dhirubhai Ambani took Reliance Textile Industries public in 1977. The Rs 30,213-crore issue was fully subscribed within two hours of opening, but Jios long-term success as a listed company will depend on whether it can turn its massive telecom and digital reach into sustained earnings growth and investor returns.
Marco Rubio meets Adani, Tata chiefs before heading to Jamnagar for Reliance refinery visit
US Secretary of State Marco Rubio met Adani Group chairman Gautam Adani and Tata Sons chairman N Chandrasekaran in Mumbai before travelling to Jamnagar to visit Reliance Industries' oil refinery, Vantara and its planned clean-energy manufacturing complex. The visit comes as India and the US explore deeper cooperation in energy, manufacturing and technology.
Rs 8 lakh crore selloff! Sensex plunges 1,400 points from days peak as bulls lose steam; 5 triggers
On Wednesday, the Indian stock market saw a significant decline after an initial rise in the morning. Sensex and Nifty both climbed nearly 1% early on, reaching highs of 74,682 and 23,121 respectively. However, the market reversed course in the afternoon session, with selling pressure mounting. By the end of the day, Sensex dropped around 1,400 points from day's high, while Nifty fell below the 22,700 level.
An internal probe by HDFC Bank Ltd. Indias largest by market value found evidence that two senior executives disclosed confidential business strategies and possible market-sensitive information to outsiders, according to people familiar with the matter.
Adani Green Q2 Results: Profit rises 15% YoY to Rs 673 crore; revenue jumps 39%
Adani Green Energy reported a 15% year-on-year rise in consolidated net profit to Rs 673 crore in Q2, while revenue grew 39% to Rs 4,520 crore. Power supply revenue rose 45% to Rs 4,019 crore, and energy sales increased 33% to 12,090 million units, reflecting expanding operational capacity.
Vishal Mega Mart shares sink 8% as Q2 margin takes a hit despite profit growth
Vishal Mega Mart shares fell sharply on Wednesday after the retailer reported a 110-basis-point year-on-year contraction in EBITDA margin to 12.1% in Q2FY27. Net profit rose 3.7% to Rs 157.9 crore, while revenue increased 14% to Rs 3,398.5 crore. The company attributed margin pressure to a shift in festival timing.
Mumbai (Maharashtra) [India], October 21: OPPO has announced the launch of the OPPO F35 Series 5G, bringing its Group Selfie Expert camera experience, everyday-use features and festive purchase benefits to consumers across Pune, South Maharashtra and Goa.
Nucelion Therapeutics, VeGen Bio partner to manufacture CAR-T cell therapy in India
The collaboration will combine technology transfer, clinical and commercial manufacturing, and process optimisation to improve production economics and expand patient access
How Bajaj Consumer Care is defying an FMCG slowdown
Low-entry price points, a revamped direct distribution setup, and portfolio diversification are driving over 25% revenue growth for the hair oil maker even as sector peers grapple with muted volumes.
Multibagger alert! PC Jeweller shares jump 6% to fresh 52-week high, rally over 100% in 2026
PC Jeweller shares hit a fresh 52-week high of Rs 19.13, rising over 100% in 2026 and gaining 44% in a month. The rally follows the companys repayment of outstanding dues to all 14 consortium banks, achieving debt-free status ahead of schedule and strengthening its balance sheet.
UltraTech Cement Managing Director Kailash Chandra Jhanwar will become non-executive vice chairman on January 1, 2027, succeeding KK Maheshwari, who will step down. Jhanwar joined the Aditya Birla Group in 1981 as a Management Trainee in its cement business.
CJP's Saurav Das, Ashutosh Ranka withdraw Delhi HC plea challenging their judicial custody
Cockroach Janta Party co-conveners Saurav Das and Ashutosh Ranka withdrew their Delhi High Court plea challenging the extension of their judicial custody by a Special Executive Magistrate. The court asked them to await the outcome of a hearing before the magistrate and approach the appellate court if their grievance persists.
Zydus Lifesciences gets USFDA nod for menopause treatment drug
The final approval granted by the US Food and Drug Administration (USFDA) is for Estradiol and Levonorgestrel Transdermal System (0.045 mg/0.015 mg per day)
