17 C 
Floods swamp the arid Southwest, forcing evacuations and altering US Election Day plans
Heavy rainfall resulted in significant flooding across the Southwest, impacting residents and prompting numerous evacuations. Emergency services carried out swift-water rescues due to rising rivers and dangerous conditions. Flooding forced residents to leave their homes in areas like Durango and Pagosa Springs, affecting voting plans. Many regions reported record rainfall and ongoing access issues for disaster relief.
North Korea has rejected the claims of its involvement in the recent Binance cryptocurrency theft exceeding USD 6 billion. The FBI had accused North Korean hackers of orchestrating the heist, linking it to previous cyber incidents. Kim Yo Jong noted that the US has a history of making such accusations against North Korea.
Trump spends the day before midterm Election Day promoting his Reflecting Pool makeover
Democrats are concentrating on economic issues while dealing with conflicts in Michigan before the midterm elections. US President Donald Trump aims to showcase construction projects and shifts focus from voter concerns. In Michigan, Senate candidate Abdul El-Sayed seeks to maintain voter support despite an endorsement for his rival. Trump acknowledges challenges ahead for his party in the elections, reflecting concern over possible losses.
Creators take the party offline to build brands and unlock new revenue streams
As India's creator base grows, influencers are taking audiences offline through festivals, workshops and gatherings to build communities and diversify earnings. Festivals like Halloween and Diwali have added momentum, while brands gain new opportunities to engage audiences in person.
Stocks in news: ITC, Marico, SBI, Yatra Online, NSE, Container Corp and Sun Pharma
Indian equity benchmarks experienced gains, with Nifty nearing the 23,500 resistance level and strong corporate earnings reported. ITC faced a decline in consolidated net profit, impacted by the cigarette business, despite revenue growth. Marico saw a significant rise in net profit and expanding EBITDA margins during the quarter. Container Corporation of India reported a subdued performance with a slight decline in net profit compared to last year.
Reliance surges 11.6% as strong Q2 earnings add Rs 1.83 lakh crore in market value
Reliance Industries has seen an impressive 11.6% surge in stock price, following quarterly earnings that exceeded expectations. This remarkable rise represents the company's most significant increase in over six years. Analysts are optimistic about future growth, crediting this success to strong performance in the O2C sector and increased institutional buying. Brokerage firms predict potential earnings upgrades will further boost stock valuation.
HPCL says fire at Visakhapatnam refinery controlled, no damage to units
The fire broke out around 10 pm on November 2, prompting the refinerys Fire and Safety Team to activate emergency response measures
Petronet LNG reports 52.3% growth in net profits, in talks for availing undelivered cargoes
Along with their results, Petronet LNG also declared a dividend of 7 per equity share
Chandras reappointment has sullied Tata Sons image: Darius Khambata
The sad events of September 17, 2026, a day that will live in infamy, have sullied Tata Sons reputation and imperilled the image of corporate India. No amount of spin doctoring can mask what happened, said the outgoing Tata Trusts board member
Healthcare marketplace: Obamacare premiums are expected to rise in 2027 as enhanced federal subsidies expire and eligibility rules change. With benchmark silver plan premiums projected to increase by 13%, many Americans could face higher costs, switch to cheaper coverage or struggle to keep their health insurance.
Sudarshan Venu family trusts pledge TVS shares to fund TSF stake buy
Sudarshan Venu's trusts have secured 825 crore through share pledges to acquire an additional stake in TVS Holdings. The acquisition will raise Sudarshan's stake to 73.35%, enhancing family ownership. Funds from JM Financial Products and JM Financial Credit Solutions will finance this transaction. TVS Holdings reported a 39% increase in consolidated revenue, demonstrating strong business performance. This realignment of ownership reflects Sudarshan's growing role in the groups future direction.
Irdai tightens ESOP norms, share transfer rules for insurers
Irdai has implemented stricter rules regarding employee stock option plans for insurance companies to regulate ownership stakes. Senior executives and directors must seek approval to exceed prescribed shareholding limits under these plans. Insurers are required to monitor direct and indirect share allotments to prevent regulatory breaches.
From its origins as a sea-facing Mumbai bungalow to its reported 300-crore valuation and heritage status, Mannat has evolved into one of India's best-known celebrity homes. Its renovation has added another chapter to its story.
Rubics Realty Launches BeauMonte Tower C, Setting a New Benchmark for Premium Living in Sion
New Delhi [India], November 2: Rubics Realty, a progressive Mumbai-based developer credited with transforming the city's luxury housing landscape, has launched BeauMonte Tower C, a 41-storey residential landmark at Sion Circle. The launch is a remarkable showcase of Rubics Realty's signature design-led approach to premium urban living at one of the city's strategically connected addresses.
Domestic banks are beginning to increase their deposit rates due to shrinking liquidity conditions in the market. Bank of India recently announced a rate hike on deposits for various maturities, including a special 500-day option. This decision reflects the growing cost of deposits in the banking system as demand for credit rises. Banking system liquidity has significantly decreased from its peak in early September.
The Supreme Court has authorized the use of certified green firecrackers in Delhi-NCR on specific dates. Firecrackers can only be burst within designated time limits on November 7 and 8. Certain areas, including hospitals and educational institutions, will be declared as 'No-Cracker Zones' to ensure safety. Manufacturers must comply with specific certifications to produce authorized firecrackers during this period. A complete ban on all firecrackers will resume after November 8.
Donald Trump's administration asked the US Supreme Court to temporarily block California from counting mail-in ballots from more than 20,000 registered voters who federal officials allege are likely non-US citizens.
Judges hearing appeals related to electoral rolls in West Bengal are expected to utilize digital signatures shortly. This change aims to resolve a prolonged standoff that prevented the processing of appeals. Retired Calcutta High Court judge Indrajit Chatterjee has resumed his work on appeals in Murshidabad. The Election Commission of India is considering relocating some tribunals closer to Kolkata.
Rahul Gandhi locks horns with PM Modi over 'foreign help'
Rahul Gandhi said he was ready for a debate on the issue. To Modi's accusation last Saturday that the Opposition had become an obstructionist force using social media as a weapon to spread rumours, Gandhi responded by alleging that foreign social media fully backs the prime minister.
Supreme Court Justice PS Narasimha recused himself from a case regarding the Memorandum of Procedure for judicial appointments. The plea, filed by NGO Lok Prahari, seeks to finalize the MoP as it has been pending since 2015. This procedure governs the appointment and transfer of judges to higher courts in India. The petition also calls for enhanced transparency in the selection process and access to Collegium meeting minutes.
Asian Changemakers Feature Prominently in Century Merit Ranking
New Delhi [India], November 2: 21st Century's First Quarticentennial Merited Impacts Gazette highlights contributions across humanitarianism, science, social justice, and other fields, with individuals from India, Sri Lanka, Pakistan, China, Japan, and Nepal among those recognised.
Amit Shah dares Rahul Gandhi to debate SIR & EVM in special Parliament session
Union home minister Amit Shah criticized Rahul Gandhi for his allegations against the government regarding electoral integrity. Shah stated that the government is prepared to hold a special session of Parliament to address these issues. He accused Congress of obstructing efforts related to the SIR exercise that aims to remove illegal infiltrators from electoral rolls. Shah confidently claimed that Prime Minister Narendra Modi would dominate the debate if it occurs.
CRPF completes a year without a single operational fatality for the first time in 47 years
CRPF has marked a significant achievement by completing a year without any operational fatalities. This milestone was last observed almost five decades ago in January 1979. The force attributes this success to enhanced training, contemporary hardware, and strategic planning. Efficient post-incident response is also a key aspect of this accomplishment. CRPF continues to engage actively in major operational areas while maintaining this remarkable record.
Thomas Cook India Q2 net profit falls 24% to 53.7 crore; revenue dips
Thomas Cook India's revenue fell to 1,944.2 crore in Q2 FY27, while EBITDA rose 3 per cent. The company expects 30 per cent growth in leisure travel bookings for Q3 FY27.
Defence Ministry inks Rs 53,886 crore deals for new indigenous warships
The Defence Ministry signed contracts worth 53,866.50 crore for constructing next-generation corvettes with public shipyards. Garden Reach Shipbuilders & Engineers Limited will build five corvettes while Goa Shipyard Limited will construct three. The ships are designed for multi-domain warfare, including anti-surface and anti-submarine operations. This project is expected to create significant employment opportunities in shipyards and ancillary industries over the next decade.
Binance has recently reported a major security breach impacting approximately $6.3 billion in digital assets. After the hack, the exchange temporarily suspended withdrawals while assessing their security systems. Hackers allegedly linked to North Korea have raised concerns about the effectiveness of security measures in cryptocurrency exchanges. Investigators are working to trace the stolen funds and recover as many assets as possible.
A power cut occurred in Washington DC on Monday. It impacted over 1,176 Pepco customers. George Washington University and other government buildings in the area faced the power cut due to a power outage at a substation. Smoke was also reported to come out of manholes. This happened just one day before the US midterm elections 2026.
A 20-year-old co-pilot, Nathalia Gadelha, was among nine people killed in the deadly Learjet Florida crash. Her mother has now recalled her haunting fear that flying would one day take her daughter away, while Nathalia's final text to her boyfriend, sent around 10 minutes before the crash, revealed that she was facing turbulence and ice.
Strategy purchased 811 BTC USD worth more than $65 million, its largest acquisition since late September, while Bitmine added $19 million in ETH USD. The buying came as the crypto industry faced renewed security concerns following the massive Binance hack, with Bitmine chairman Tom Lee arguing that the markets relatively muted reaction was very constructive.
Julie Mayes further claimed that Gibbs made sexually inappropriate remarks at the workplace.
Investments in renewable energy helped India avert energy crisis amid West Asia war, says PM Modi
India has already met its Paris Agreement target of sourcing 50% of installed power capacity from non-fossil fuels, five years ahead of schedule. Modi said the country aims to add another 500 GW over the next 10-11 years.
Flying in Europe to get costlier? Ryanair warns of 20% airfare hike, weighs employee wage freeze
Ryanair warns ticket prices could surge by up to 20% as fuel hedges expire, while the airline weighs pay freezes and job cuts to control costs.
Gadkari pushes alternative fuels to cut India's 22 trillion fuel import bill
The government is promoting indigenous, cost-effective and less-polluting energy sources, including ethanol, compressed biogas, hydrogen and biofuels, to reduce import dependence.
Govt assures liquor makers it will honour scotch import commitments
Q2 earnings calls show lower import duties beginning to support margins at some companies, even as a DRI review of bulk Scotch imports leaves the extent of the benefit uncertain
Petronet LNG seeks early delivery of Qatar cargoes amid Hormuz disruptions
Petronet LNG received only six of the 75-80 Qatar cargoes expected between March and October 2026 as force majeure disruptions hit supplies; Q2 net profit rose 54 per cent YoY
Market Trading Guide: Tata Steel among 5 stocks to buy on Tuesday for healthy returns
Indian equities experienced a strong start to the week, bolstered by better than expected Q2 earnings. Improved domestic macro indicators contributed to the positive sentiment among investors and traders. Increased passenger vehicle sales and gross GST collections reflected resilience in domestic economic activity. Several stock recommendations were highlighted for Tuesday, suggesting potential upward movements. Analysts shared technical insights indicating opportunities for buying various stocks in the current market.
ITC Ltd Q2 net skids 20% to 4,137 crore, higher taxation hits cigarette biz profitability
Revenue from operations grew 45.65% y-o-y to 28,317.67 crore on a strong performance across non-cigarette business segments
Chandra reappointment has sullied Tata Sons image: Darius Khambata; declines another term in office
In a pointed letter declining another term himself, he pins the fallout on governance clashes, the trusts fiduciary duties, and splits over Tata Sons private status and possible share sales
Clinics On Cloud secures $12.5 million in Series A funding
Clinics On Cloud plans to strengthen its AI-led healthcare capabilities, expand research and development, and accelerate the growth of its connected microclinic ecosystem
SpaceX is exploring a Boost Mobile deal as Elon Musk targets a fourth US mobile operator to challenge AT&T, Verizon and T-Mobile.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian stock markets surged nearly 2% on November 2, with Sensex gaining 1,233 points and Nifty rising 388 points. Falling crude oil prices, strong corporate earnings, positive global cues and foreign investor buying boosted sentiment.
EAAA India draws HDFC MF, Carnelian Asset, and L&T in Rs 316 crore listing-day bulk deals
EAAA India Alternatives attracted Rs 316.3 crore in listing-day bulk deals from HDFC Mutual Fund, Carnelian Asset Management and L&T. The stock listed at a marginal premium before gaining 3.8% over its IPO price.
Mumbai airport standoff: Airlines challenge Adanis proposed 5 million passenger capacity cut
AOC-Mumbai has sought the aviation ministry's intervention over a proposed 5-million-passenger capacity cut and the relocation of international flights to Navi Mumbai, as foreign carriers resist the move.
ITC profit falls 17% as cigarette taxes burns a hole in ITC's profits
Higher taxes on cigarettes hurt margins and squeezed ITC's consolidated Ebitda, despite robust growth in non-cigarette businesses.
Corning to expand optical fibre manufacturing in India amid AI demand
The US-based company plans to add capacity at its Pune facility by 2027 as demand for optical fibre and connectivity products rises from AI data centres and telecom networks
Birla Estates eyes top-three spot, targets 10-fold jump in office rentals
There is no sign of slowness in the market as both pricing and absorption remain extremely steady and positive, says K.T. Jithendran, Managing Director and Chief Executive Officer, Birla Estates
Mindspace REIT Q2 results: NOI rises 32% to 836 crore on strong leasing
Mindspace REIT's net operating income rose 31.9 per cent to 836 crore in Q2FY27, supported by strong leasing and higher rentals, while revenue increased 29.8 per cent
For now, TVS Motor is the clear winner in the electric two-wheeler race, but Hero MotoCorp's growth and Ather Energy's financial progress suggest that the competition is far from settled.
Dr Reddys injectable lenacapavir for HIV prevention gets tentative nod from USFDA
The first supplies are expected to reach people by the end of 2026, with broader rollout across eligible countries expected in 2027
Q2 Results Today, 02nd November 2026 Updates: businessline brings you the latest quarterly earnings, outlook and more.
Reliance Consumer Products expands Independence biscuit portfolio with nine new variants
Launch supported by RCPLs brand association with Ajith Kumar Racing
Why traders are moving away from equity F&O to commodities? Nithin Kamath explains
Commodity derivatives traders in India surged nearly 62% to 21 lakh in FY26, while equity F&O participants fell 20% to 85 lakh. Zerodha's Nithin Kamath cited commodity volatility, options popularity and extended MCX trading hours.
IPO-bound StockGro's profit jumps 3-fold to Rs 113 cr in FY26 on strong revenue growth
In FY26, StockGro showcased substantial growth, achieving a profit after tax of Rs 112.96 crore while nearly doubling its revenue to Rs 226.14 crore, largely propelled by rising subscription fees. Operational costs increased, leading to higher total expenses. As the company gears up for an IPO, preliminary papers have been submitted to Sebi, with StockGro currently serving over 35 million users and capitalizing on Indias booming retail investment market.
PTC India Q2 net profit drops over 28% to 159 crore on increased expenses
PTC India on Monday posted a more than 28 per cent fall in consolidated net profit to Rs 159.10 crore in the September quarter, mainly on account of increased expenses. It had clocked a net profit of Rs 222.05 crore in the second quarter of the preceding financial year, the company said in an exchange filing. During the second quarter of FY27, the company's total income, however, increased to Rs 5,958.24 crore from Rs 5,585.21 crore in the year-ago period. Total expenses increased to Rs 5,788.97 crore from Rs 5,287.25 crore in the July-September period FY26. In a statement, PTC India said its trading volume grew by 24 per cent to 32.46 BUs (billion units) in Q2 FY27 on a standalone basis. Manoj Kumar Jhawar, MD & CEO, PTC India Ltd, said Trades across different tenures have contributed to the growth in the second quarter. The cross-border power from Bhutan has shown a significant dip due to higher domestic requirements in Bhutan, leading to a decrease in trading income to that .
Gujarat-PSU GSFC FY27 Q2 profit falls 38% despite revenue growth; to exit port logistics subsidiary
Revenue from operations rose 49 per cent year-on-year to Rs 4,741 crore in the September quarter, compared with the corresponding period last year
Anthropic posts $33 billion revenue but $104 billion loss as AI infrastructure spending nears $900 billion
Darius Khambata to exit Tata Trusts, calls Sep 17 a day of infamy
Darius Khambata will not seek reappointment to two core Tata Trusts, criticising the September 17 Tata Sons board meeting amid disagreements over governance and listing
Norton Motorcycles announces its new 450 cc urban motorcycle
Sales will begin in 2027, with the motorcycles official model name to be revealed ahead of launch.
Fusion Finance swings to Rs 86.5 crore profit as asset quality improves
Fusion Finance reported a net profit of Rs 86.5 crore in Q2, reversing a year-ago loss of Rs 22.1 crore. Gross NPAs improved to 1.6%, AUM grew 14%, and NIM expanded to 12.5%.
Marico raises growth targets after strong Q2
Copra prices, Marico's most important raw material cost, fell 31% from a year earlier. However, liquid paraffin and packaging costs remained elevated.
Global consumer products makers see India as a key growth region in September quarter
Beverage major Coca-Cola said that India delivered a strong volume growth with each of its top ten brands growing double digits in Q3 CY2026
Did Priyankas mother decide not to promote her?: Patras jibe at Gandhi family, Oppn rally
iD Fresh Food revenue rises 28% to 879 crore; exceptional items weigh on bottom line
Total expenses increased to around 800 crore during the year
Union Finance Minister Nirmala Sitharaman acknowledged concerns from investors regarding potential tax changes to support equity markets. She emphasized that while taxation is vital, India's economic indicators remain robust and positive. Sitharaman highlighted the necessity for capital expenditure to sustain economic growth and fiscal prudence. On welfare, she noted significant improvements in access to essential services contributing to decreased poverty levels.
A Learjet 60 crashed into a mobile home community in Florida, triggering a massive fireball. The pilot's chilling final words, We're out of time, captured the desperate moments before the Learjet 60 plunged into a Florida mobile home community. The crash triggered a massive fireball and left authorities investigating multiple fatalities.
Finance Minister Sitharaman urges Tata to resolve feud amicably
Nirmala Sitharaman highlighted the importance of resolving the ongoing differences within Tata Sons and Tata Trusts. She emphasized that the matter should remain private and avoid public discussions. The Finance Minister acknowledged the contributions of the Parsi community to the Tata Group's global brand. Concerns regarding foreign investor outflows and their impact on India's economy were also addressed.
Azim Premji Foundation launches programme to support social startups
The programme will help young development professionals establish grassroots organisations in underserved areas, with applications open until 31 December 2026 for its first cohort
SC raps Centre for stalling enforcement of Vedanta arbitration awards
At the heart of the dispute was how payments towards costs previously incurred by ONGC in developing the oilfield were to be accounted for while calculating the companies share of revenue from oil production
Supreme Court raps Centre for stalling enforcement of Vedanta arbitration awards
Bench dismisses Union governments challenge to a Delhi High Court order allowing Vedanta Ltd. and Ravva Oil (Singapore) Pte. Ltd. to enforce foreign arbitration awards involving claims of nearly $99 million
Inside Aditya Birla Group's investment plans in Uttar Pradesh: Here's what Kumar Mangalam Birla said
Aditya Birla Group Chairman Kumar Mangalam Birla said the conglomerate plans to expand its investments in Uttar Pradesh. At IIT (BHU), he also called for stronger industry-academia partnerships and urged graduates to keep learning and adapt to changing opportunities.
AI will create more software, transform developers' roles: IBM's Raghavan
IBM's Sriram Raghavan says AI agents will accelerate software creation and reshape developers' roles, while enterprises must strengthen cybersecurity, governance and skills
ITC Q2 Results: Profit falls 18% to Rs 4,229 crore, revenue rises 5%
ITC Q2 Results: ITC Ltd reported an 18.5% decline in consolidated net profit for the September quarter on Monday as a sharp fall in earnings from its cigarette business weighed on overall profitability despite strong growth in its FMCG, agriculture and paper businesses.
Granules Indias Q2 net up 39% at 182 crore
Total revenue grew 20% at 1,560 crore in the quarter under review
Granules India net profit rises 39% to 182 cr on higher revenue
Revenue crosses 1,500 crore despite higher input and logistics costs driven by West Asia tensions, expect cost pressures to persist, says CMD Chigurupati
Granules India net profit rises 39% to 182 cr on higher revenue
Revenue crosses 1,500 crore despite higher input and logistics costs driven by West Asia tensions, expect cost pressures to persist, says CMD Chigurupati
Vultr launches 20 MW AI supercluster in Chennai, eyes 1 GW India capacity
The centre, powered by over 10,000 AMD Instinct MI355X GPUs, will be capable of powering large-scale AI training and inference workloads
Zee appoints Tushar Vohra as Chief AI & Transformation Officer
The company further onboarded Tony Thomas, Ashutosh Shukla and Vivek Pandey to spearhead key transformation initiatives
Coforge among 4 stocks that hit 52-week highs and rallied up to 15% in a month
Four BSE 100 stocks, Coforge, Eternal, Indian Hotels Company and Kotak Mahindra Bank, touched fresh 52-week highs as the Sensex surged over 1,200 points. All four stocks also delivered positive returns over the past month.
In California, same-day voter registration allows qualified citizens to both register and vote on the very day of elections. To participate, individuals must be at least 18 years old and a US citizen. Registration is available at specified locations during the 14 days leading up to the election, including Election Day. Other states also provide same-day registration, though they may have unique procedures and documentation.
Unable to get train tickets for Chhath Puja, a Delhi man named Rishav Thakur has taken an auto-rickshaw to travel to Madhubani in Bihar with his companions. The group is making the unusual journey after missing the festival at home for nearly three years. His videos have attracted attention on social media.
Not Vote Bachao, Ghuspaithiya Bachao Rally: Shah accuses Rahul of fuelling anarchy in Hyderabad
Marico Q2 profit rises 31% to 550 crore as foods, digital-first, and personal care drive growth
Maricos consolidated revenue from operations rose 13% to 3,897 crore during the quarter
K.sons Wins Two Prestigious Honours at Realty+ Conclave & Excellence Awards North 2026
Delhi-NCR [India], November 2: K.sons, an established real estate developer with a growing presence across North India, has secured two prestigious honours at the Realty+ Conclave & Excellence Awards 2026. The company was recognised as the 'Fastest Growing Realty Brand of the Year', while its residential development, Vasudev Elements, received the 'Iconic Project of the Year - Residential' award. The dual recognition marks a significant milestone in the company's growth journey, acknowledging both its expanding real estate presence and its approach to creating thoughtfully planned developments.
Trai tightens telecom complaint rules, mandates 24-hour customer support
Telecom operators face penalties of up to 20 lakh per quarter for improperly closed complaints and appeals, as Trai cuts grievance redressal timelines and tightens accountability.
Coal India files DRHP to sell 10% stake in subsidiary SECL through IPO
Coal India plans to sell 66.81 crore shares in subsidiary SECL through an IPO, reducing its holding to 90 per cent. The coal producer reported 4,754.59 crore profit in FY26.
Who is Padmanabhan Krishnamurthy? The former startup CEO entrusted with Ciscos legacy code overhaul
For Krishnamurthy, the assignment marks a significant shift from building AI tools for cross-language communication to taking on a major software modernisation project at one of the world's largest networking and technology companies.
ITC Q2 results: Net profit declines 18.45% to 4,229 crore, revenue up 44%
ITC Q2 results: Net profit declines 18.45% to 4,229 crore, revenue up 44%
Explained | OpenAI's next big moves? Samsung meeting, secretive SK Group talks and Abu Dhabi deals
Sam Altman meets Samsung and SK Group executives in South Korea as OpenAI signs major AI deals in Abu Dhabi amid a fresh $20 billion funding push.
Arvind Fashions Q2 profit jumps 29% on strong sales, improved margins
Revenue from operations rose 10 per cent year-on-year to 1,559 crore in the quarter ended September 30, 2026, up from 1,418 crore in the corresponding period last year
Vimag Labs bets on magnet-free motors, eyes 100 cr revenue in FY28
Vimag Labs aims to scale up production of rare-earth-free electric motors at its Haryana facility, targeting 100 crore revenue in FY28 while expanding into defence and global markets
