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Crude oil prices declined sharply on Wednesday, with Brent prices falling below the $100 mark on hopes of a peace deal in the Iran war following the Democrats' victory in the US midterm elections.Brent crude prices were trading over 8% lower at $94.91 a barrel while WTI oil was at $88.42 a barrel.For live updates on US Markets, click hereDemocratic victories have prompted investors to reassess the US administration's approach to the Iran conflict. Markets are speculating that President Donald Trump may shift towards diplomacy rather than further military escalation.Qatar has stepped up mediation efforts between Washington and Tehran. Reports of discussions around a possible peace agreement have raised hopes of stabilising Middle Eastern oil supplies.However, negotiations remain uncertain, with Iranian officials indicating that the two sides are still far from an agreement.Also Read: Democratic victory in midterm elections adds a new twist to stock markets' Iran war, AI, and debt worriesTrump's statement that the US has no immediate plans to strike Iran has eased fears of another escalation. This has encouraged traders to unwind some of the geopolitical premium built into crude prices.Gulf exports of crude, condensate and refined products recovered to 17.1 million barrels per day in October. Although still below pre-war levels, the recovery has eased concerns about immediate supply shortages.
Govt mulls to mandate 1% green jet fuel blending
Govt plans instant ban on manufacturing of drugs failing key quality tests
Pharma companies could have their drug licenses suspended immediately if quality tests indicate failure. The health ministry's proposed changes aim to protect public health by enforcing swift action on substandard medications. Regulators would take action upon receiving a government analyst's report declaring a drug not of standard quality. Manufacturers would need to perform a root cause analysis and implement corrective actions to lift the suspension.
MIAL to shift 14 int'l flights to Navi Mumbai
Mercedes plans bigger India play with greater localisation of parts
Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to achieve record annual sales if the current trend continues. Ola Kallenius, the global chairman, highlighted the potential for Indian suppliers to support global operations. The company has committed an additional investment of 200 crore, raising total investments to 3,200 crore.
Democrats achieved significant victories in the midterm elections, resulting in control of both Congressional chambers. Many seats were flipped across previously Republican strongholds with stark voter dissatisfaction influencing results. Notably, Trump-backed candidates faced substantial defeats in multiple states like South Carolina and North Carolina. The outcomes revealed limitations in Trump's political influence and a shift toward Democratic representation.
Battery part makers may get up to 50% subsidy
Cabinet approves VGF plan for grid-scale energy storage with Rs 14,500 crore support
The Union Cabinet has approved a significant 14,500 crore funding scheme to develop 92 GWh of energy storage capacity. This initiative supports both hydro pumped storage and battery energy storage systems aimed at accelerating renewable energy. Additionally, a scheme has been approved for processing critical minerals like lithium and nickel to reduce import dependency. The government aims to modernize its statistical system with a 4,371.10 crore scheme.
Sebi eases KYC norms for NRIs, OCIs and foreign nationals, allows digital onboarding from overseas
Securities and Exchange Board of India has relaxed Know Your Client requirements for overseas investors. This change enables non-resident Indians, Overseas Citizens of India, and foreign nationals to onboard digitally. Individuals from FATF-compliant countries can now submit KYC details remotely without being in India. Intermediaries are allowed to rely on existing KYC records and conduct video verifications when necessary.
Trump's ambitions put India's diplomacy to test
New orders & robust demand lift India's October services growth to 4-month high
Growth in India's services sector increased to a four-month high in October due to strong domestic demand and business orders. The HSBC Services Business Activity Index rose to 55.8, reflecting improved business conditions. Conversely, manufacturing activity showed a slight decline, easing to a PMI of 54.7. While input prices continued to rise, the rate of increase was the slowest in over six years.
Ranbir Kapoor has revealed that his three-and-a-half-year-old daughter Raha has shot a scene with Sai Pallavi and Ravie Dubey for his new film Ramayana. The actor spoke about how Raha developed an interest in the epic through stories narrated by him and Alia Bhatt. His revelation comes as the film receives encouraging early reviews, with people calling it 'highly enjoyable' and praising its scale and storytelling.
US slaps sanctions on Indian, Turkish firms and people for aiding Iran
The sanctions are part of the Trump administration's Operation Economic Outcast, which aims to cut off Iran's ability to sell oil to fund the war with the United States.
Over half of street vendors may cut UPI acceptance if 0.4% MDR is introduced: ISB study
More than 67% of street vendors in India currently accept UPI payments for transactions. A proposed 0.4% merchant discount rate could lead to reduced acceptance among vendors. Concerns arise particularly for vendor-supplier transactions, as many vendors make payments above 2,000. A significant portion of vendors faced additional charges from suppliers and might pass costs onto customers.
TRAI's new Network Anubhav platform to map real-world network speeds, call quality
The Telecom Regulatory Authority of India recently introduced the Network Anubhav Platform for consumers. This new platform allows users to compare mobile and broadband networks based on location and performance. Consumers can view network tests, filter results, and make informed choices about service providers.
US Midterm Verdict: Has Trump Lost His Political Grip? Economy, Iran War & America's Future Debated
US Midterm Verdict: Has Trump Lost His Political Grip? Economy, Iran War & America's Future Debated
I4C warns banks, NBFCs of AI-powered hacks
Cert-In Issues Alert On AI-Driven Cyber Attacks Against BFSI
India's cybersecurity agency, Cert-In, has issued a high-alert advisory to banking and financial services institutions regarding an ongoing AI-assisted cyber campaign named Crafty Falcon. This sophisticated threat actor uses publicly available AI tools to execute autonomous attacks at machine speed, targeting payment and disbursement APIs for unauthorised fund transfers. The advisory urges BFSI entities to maintain heightened vigilance, especially during low-monitoring windows, as attacks continue despite previous remediation efforts.
Income tax: Can a widow be taxed on 60 lakh gifted by her late husband? ITAT ruling offers clarity
A widow won a 60 lakh income tax dispute after ITAT Pune accepted her explanation that the cash deposited in her bank account was gifted by her late husband for her and their two daughters. The tribunal ordered deletion of the entire tax addition.
Rachael Reed and Charmi Fehr met at a hostel in Peru in 2019, fell in love and eventually built a life together on Honduras' island of Roatn, where they opened a boutique hotel in 2023. The couple, who shared a passion for travel and adventure, were among nine people killed in a Florida Learjet crash while travelling to the Bahamas. Their journey from a chance meeting to building a Caribbean hospitality business has been remembered by friends, family and hotel staff.
Indias Defence Accounts Department is running a month-long campaign to help defence pensioners submit digital life certificates through more than 200 SPARSH centres. The initiative promotes Aadhaar-based face authentication, with extra assistance for people over 80 and persons with disabilities.
Nirmala Sitharaman releases Rs 250 commemorative coin; check price, features and availability
It is important to note that the Rs 250 denomination does not mean the coin can be used as a regular Rs 250 currency coin. Its purchase price is higher because of its precious-metal content and commemorative value.
Trump is still President: White House hits back
With face authentication technology, pensioners can generate their digital life certificates using smartphones from the comfort of their homes. This eliminates the need to depend on others or visit bank branches for routine pension verification.
Sirolimus-coated balloon shows 8-percentage-point advantage in three-year peripheral artery trial
Patients treated with sirolimus-coated balloons were more likely to remain free from repeat procedures to reopen blocked leg arteries than those receiving paclitaxel-coated balloons, according to three-year results from the SIRONA clinical trial presented at TCT 2026. While both treatments showed similar improvements in walking ability and quality of life, researchers said the findings require confirmation through five-year follow-up.
US to loan about a third of heating oil reserve in bid to tame prices
The US Energy Department will loan 300,000 barrels of fuel oil from its emergency heating reserve to four companies to ease supply pressures and rising prices ahead of winter. The release, nearly a third of the reserve, follows calls from bipartisan senators as Middle East disruptions linked to the Iran war push fuel costs higher.
World leaders who sparred with Trump express relief mixed with caution at Republican election rout
World leaders welcomed the Democrats' gains in the US midterm elections, hoping the setback for Donald Trump's Republicans could ease tensions over Washington's foreign policy. However, European and other allies cautioned that the results may not change Trump's approach to Iran, Ukraine, tariffs or NATO, as the president retains considerable freedom in foreign affairs.
The civil aviation ministry has circulated the draft National Policy on Sustainable Aviation Fuels which mandates use of only indigenously manufactured SAF to be blended with Aviation Turbine Fuel (ATF).
UPI MDR: The Hidden Costs And Benefits Of Free Transactions
An Indian School of Business professor highlights the lack of precise data on losses from free UPI transactions, arguing that the benefits, such as user data generation, are often overlooked in the debate over implementing a Merchant Discount Rate (MDR). A recent ISB survey suggests that charging MDR could lead street vendors to revert to cash, despite the government's allowance for MDR on transactions above Rs 2,000 and NPCI's deferral of its implementation.
A 1 lakh investment in silver three years ago would be worth nearly 2.49 lakh today, against 2.25 lakh in gold. Silver leads over one and three years, while gold edges ahead over five years, based on IBJA rates.
Varanasi ropeway to slash 45-min journey to 15
From logger to US Senate: Troy Jacksons journey
Triveni reassessing sugarcane outlook in Uttar Pradesh after unseasonal heavy rain
The companys sugar inventory as on September 30, 2026 was 1.03 lakhs tonnes (lt), which is valued at 38.6/kg, as compared with 1.69 lt valued at 37.4/kg year-ago
Correction? AI stocks tumble post midterms
US stock market update: Dow Jones rallies today after Democrats win Congress - Democrats have won both the Senate and the House, and the stock market liked it. By 10:44 am ET on Wednesday, the Dow Jones was up 1,245 points, or 2.40%, at 53,032. The S&P 500 rose 1.52% and the Nasdaq gained 1.82%. But not every stock joined in. Data centre companies, Tesla and SpaceX fell. Democrats made gains in Texas and Georgia, where public opposition to new data centres is growing, and investors fear tighter rules could slow the AI boom.Democrat Gina Hinojosa defeated Governor Greg Abbott after promising an immediate pause on new data centre projects until lawmakers introduce stronger safeguards. The result added to pressure on AI infrastructure stocks, with CoreWeave falling 7%.The concern is significant because Texas accounts for an estimated 27% of planned US data centre capacity, according to Wells Fargo.Will a Democratic Congress slow the AI boom? Why data center stocks fell as the Dow gained 1,100 points The Dow Jones Industrial Average rose 2.13% to 52,889.71, gaining 1,102.99 points. The S&P 500 climbed 1.49% to 7,681.76, while the Nasdaq Composite advanced 1.97% to 25,871.41.ALSO READ: US stock market stages big rally today: Why is Dow Jones surging? Dow jumps 1,100 points as S&P 500 and Nasdaq turn green, with healthcare stocks at the centreWith Republicans losing control of both chambers of Congress, President Donald Trump's administration could face greater difficulty passing major policy changes.Investors also saw the election outcome as a way to reduce uncertainty. Markets had been watching closely for the results because changes in Congress could affect tariffs, government spending, energy policy and regulations.Scott Chornert, head of US equity strategy at Citi Research, described the election as a clearing event, suggesting that investors could now move beyond the uncertainty surrounding the vote.Amazon was among the strongest performers in the technology sector. Its shares gained around 7.1%, while Alphabet rose 3.4% and Meta Platforms added 1.6%.Other major technology stocks also moved higher. Apple and Microsoft gained nearly 6% in morning trading, according to market reports.McDonald's also climbed around 3.9% after reporting quarterly profits above market expectations. Amgen gained about 3% following its results.Block shares jumped 15% after the payments company raised its full-year gross profit outlook.Tesla and SpaceX sharesElon Musk's companies moved in the opposite direction. SpaceX shares fell around 1.9% to $138.91 in the supplied market data, while Tesla declined nearly 4% in morning trading.Musk had spent heavily backing Republican candidates during the election campaign. The Democratic victories could bring greater scrutiny of some of his business interests, particularly government contracts, artificial intelligence and the proposed merger between Tesla and SpaceX.AI and data centre stocks face fresh pressureThe election results also brought attention to the future of the US artificial intelligence industry.Democrats made gains in states such as Texas and Georgia, where local opposition to the rapid expansion of data centres has been growing.Data centres require large amounts of electricity, land and water. Their expansion has raised concerns about power costs, local infrastructure and the impact on nearby communities.Investors are now considering whether tighter rules could delay new projects and affect companies supplying equipment and computing services.Shares of data centre operators, including IREN, Hut 8, Applied Digital and Core Scientific, fell between 1.2% and 13%.Nvidia shares slipped 0.41% in the supplied market snapshot, while AMD gained around 4.8% after issuing a stronger growth outlook for 2027.Solar stocks rise while defence shares fallClean energy companies were among the biggest beneficiaries of the election outcome.The Invesco Solar ETF jumped 8.3% as investors considered the possibility that federal support for solar and other clean energy projects would remain in place.Defence stocks moved lower. Northrop Grumman and Lockheed Martin each lost more than 4% in morning trading.The change followed concerns that a Democratic-controlled Congress could make it harder for Trump to secure approval for his proposed $1.5 trillion defence budget.Palantir also fell around 1% amid concerns about its exposure to government and defence contracts.Oil falls while gold and cryptocurrencies move higherWTI crude oil fell 2.31% to $93.87 a barrel, while Brent crude declined 2.27% to $101.25. Investors were watching developments surrounding the US-Israeli war on Iran and its possible impact on oil supplies and inflation.Gold futures rose 2.53% to $4,040.10 an ounce. Silver gained 4.40% to $51.94.Cryptocurrencies also moved higher. Bitcoin rose 3.69% to $80,500.84, while Ether gained 6.68% to $2,433.23. XRP advanced 3.01% to $1.32.The US 10-year Treasury yield also moved lower, falling to 4.93% from 4.97% in the previous session.
Rythu Bharosa SMS to 2.73 lakh farmers sparks call for cybercrime probe
Stating that the messages, received by farmers in some districts, were unauthorised, Director of Agriculture B Gopi has asked the Cyber Crime Wing of the Telangana Police to investigate the matter
Madonna revealed why she refused to give her youngest son David a mobile phone at 13 after regretting the decision with her older children, Lourdes and Rocco. In a 2019 Vogue interview, the singer said smartphones and social media affected her relationship with them, exposing them to constant images and comparisons with others. Here's what she said about her parenting decision and how technology changed her relationship with her children.
Biocon Q2 net profit down 57% to Rs 56.7 cr; biosimilars to boost H2
Biocon Ltd reported a 57.3 per cent decline in consolidated net profit to Rs 56.7 crore for the September quarter of FY27, primarily due to a USD 20 million revenue recognition delay caused by geopolitical troubles, which is now expected to be booked in the third quarter.
Govt gets $400 billion in renewable energy investment commitments: Joshi
Union Minister Pralhad Joshi said the government had secured $400 billion in long-term investment commitments and was targeting another 21 lakh crore in renewable energy investment by 2030
Cyber Security Alert: AI Agents Target Indian Financial Sector
India's central cyber security agency, I4C, has issued a critical warning to banks, NBFCs, and fintech firms regarding a surge in financially motivated cyberattacks leveraging artificial intelligence agents. These AI-driven attacks enable hackers to compromise systems and execute fraudulent transactions at machine speed, making investigations complex due to record deletion. The advisory, issued in collaboration with CERT-In, urges financial institutions to implement robust security measures, align with CERT-In's blueprint, and report incidents promptly to mitigate the escalating threat.
K Raheja Corp Real Estate Pvt. Ltd.,Moves Up to 4-Star GRESB Rating
Mumbai: K Raheja Corp Real Estate Pvt. Ltd., (KRCREPL) the residential and commercial development arm of K Raheja Corp, has moved up to a 4-Star rating in the 2026 GRESB Development Benchmark, from 3-Star in 2025, with a score of 93.5 out of 100. The organisation earned full marks in 9 of the 12 scored []
CEOs commit $400 billion on Indias clean energy push: Pralhad Joshi
Govt will examine investment proposals, says Minister
US Midterm Elections: Investor Focus Shifts to West Asia, Global Trade
Analysts predict that the US midterm election results, which saw Democrats gain control of Congress, will primarily influence Indian markets through changes in global financial conditions, trade policy expectations, and geopolitical developments, with a keen focus on the US administration's actions in West Asia and their potential impact on crude oil prices.
NPS subscribers could benefit from greater exposure to AIFs, REITs and InvITs as pension funds explore alternative investments. SBI Pension Funds MD & CEO Pranay Ranjan Dwivedi explains the potential returns, suggested allocation and risks.
Cabinet clears 4,371-crore VISTAR scheme to revamp India's statistics
The five-year VISTAR scheme will fund 59 surveys, the 8th Economic Census and AI-driven statistical reforms, while strengthening state-level data systems and GDP estimates.
International airlines currently operating from Mumbai airport are given options to temporarily suspend operations or relocate. Discussions are ongoing with various international carriers regarding this transition. Indian airlines such as IndiGo and Air India have agreed to shift certain operations.
FarMart expands Project EverGrain to Madhya Pradesh
The training covered climate-smart agricultural practices, including climate-resilient crop choices, crop disease management, and balanced nutrient application based on soil test reports
Iranian lawmaker says Indian ships exempt from Hormuz curbs but Delhi has no clue
No formal communication received from Tehran; procedures for Indian vessels unchanged, say sources
Iranian lawmaker says Indian ships exempt from Hormuz curbs but Delhi has no clue
No formal communication received from Tehran; procedures for Indian vessels unchanged, say sources
Trade body sees Indias 2026-27 cotton output shrink 14% on dip in area, drought
Consumption seen flat at 365 lakh bales, while exports and imports are projected to decline over last year
Eight Aries Agro leaders complete Next-Gen Leaders Programme at IIM-A
The programme brought together industry participants to exchange perspectives, understand emerging business challenges and explore contemporary approaches to management and leadership
HDFC Bank to offer deposits under Capital Gains Accounts Scheme
HDFC Bank has received government authorisation to offer deposits under the Capital Gains Accounts Scheme (CGAS), 1988. The facility will allow taxpayers to park unused capital gains in savings accounts or fixed deposits for up to three years while retaining eligibility for applicable tax exemptions and earning interest on their deposits.
Mumbai airport plans to shift all flights on 14 international routes to Navi Mumbai
MIALs proposal faces resistance from foreign airlines over connectivity, competition and unilateral capacity cuts
Piyush Goyal sets March 2027 deadline for digitisation of DGFT services, aims to end physical visits
Commerce Minister Piyush Goyal has set March 31, 2027, as the deadline for complete digitisation of DGFT services, including licence, permit and SCOMET approvals. From April 1, businesses will no longer need physical visits to government offices for these services. The move also includes digitising historical records and simplifying procedures.
Biocon forecasts stronger second half of FY27 with multiple growth drivers despite Q2 profit decline
Biocon anticipates a robust second half of FY27, supported by several key product launches and increasing insulin sales. The company noted a 52% decline in consolidated net profit, attributed to delayed shipments affecting quarterly revenue. Ustekinumab and Aflibercept biosimilars are projected to boost sales in the US market significantly. Additionally, the launch of Pertuzumab in Europe and Brazil is expected to generate substantial revenue.
Trump's Midterm Loss May Expedite India Trade Deal
Experts suggest that a significant setback for US President Donald Trump in the midterm elections could compel him to pursue a swift trade agreement with India, as he seeks a quick foreign policy win amidst challenges with Russia, China, and Iran.
US trade deficit contracts slightly in Sept
Washington: The US trade deficit contracted slightly in September, government data showed on Wednesday, hovering close to its widest since March 2025, driven by capital and consumer goods imports and strong exports.The trade gap in the world's largest economy decreased by 0.6 percent to $105.0 billion, according to Commerce Department data.Track US Senate Elections Result 2026 Live Updates hereThis was below the $107.7 billion projected in a consensus forecast released on Marketwatch.US trade flows have swung significantly since President Donald Trump returned to the White House in January 2025, as businesses rushed to get ahead of his sweeping and fast changing tariffs on trading partners.In September, US imports rose by 1.2 percent to $426.6 billion, driven by computers and their accessories. Crude oil imports decreased by $1.3 billion.US exports climbed by 1.8 percent to $321.5 billion, with oil, food and overall capital goods contributing to the increase.
Aswath Damodaran trims his Anthropic IPO valuation to $1.45 trillion; Dean of valuation explains why
Valuation expert Aswath Damodaran trimmed his valuation estimate for AI giant Anthropic to $1.45 trillion, from his earlier estimate of $1.475 trillion which was already lower than the industry estimates of $2 trillion.The 'Dean of Valuation' in a long blogpost said his earlier valuation estimate which was lower than the overall market view received strong reactions. Some of them were solely based on emotion, he said, as they held strong conviction in the company. Some of it was based on cost of capital, which the analyst believes reflects a fundamental disconnect with market history, current market pricing and basic business sense.Also read | Dean of valuation Aswath Damodaran pegs Anthropic's worth at $1.475 trillion ahead of mega IPOHis latest $1.45 trillion valuation accounts for the trailing 12-month revenue and operating income numbers to include the just-leaked third quarter numbers. The equity value that I obtain for Anthropic is close to the lower end of the offering price estimates, but as I noted at the time that I posted it, and will reinforce again now, it is a function of not just my upbeat story about the company, but also one about how the AI products and services market will evolve over time, he wrote.Aswath Damodarans worries for AnthropicDamodaran estimates Anthropics target revenues will reach a trillion dollars in ten years. Not only would this put them at or close to the top of all companies, in terms of total annual revenues, but they will also be sharing that grouping with companies like Amazon and Walmart that deliver on scale, but at the expense of margins, he said, adding that Anthropic emerges as a winner in the premium portion of the AI market, capturing a dominant market share, with pricing power.In his previous post valuing Anthropic, Damodaran had raised the alarm over the companys governance structure, stating that its structure as a public benefit corporation and a voting share concoction that leaves founders in control, no matter how much capital the company raises in equity markets. He said he received feedback that this may not be a negative as these are smart people who know AI better than the rest. The analyst is however not convinced as he believes concentration of power in the hands of founders is a bad idea.Also read | Aswath Damodaran explains why country risk is no longer just an emerging market problemWhile much of the focus on Anthropic has been on their compute commitments, disclosed (loosely) in their prospectus, my valuation of Anthropic is driven by expectations of what those commitments will look like over time, and especially if my growth story for the company comes into fruition. Delivering a trillion dollars of revenues will require Anthropic to not just maintain and replenish the compute power that it has already locked down, but add to that power over time, Damodaran said, warning that building new data centers is getting more difficult, as local communities push back, and politicians realize that opposing them is a net vote winnerRegulatory risks are also one of the key worries for Anthropic. Put simply, Anthropic will become riskier, if revenues do not measure up to expectations and the pathway to profitability becomes rockier, making it more an output than an input variable, the valuation expert said.How investors should react to Anthropics IPO?While Damodaran remains cautious about Anthropics IPO, he noted that uncertainty is a feature of investing, no matter what one invests in, with the differences across investments lying in how much uncertainty one face, rather than whether she faces.Also read | AI boom heading for a dot-com-style bust? Dean of Valuation Aswath Damodaran warns correction could be more painful than 2008He listed out four responses to such uncertainties.1) Ignore it: Damodaran pointed out that there are investors who are capable of ignoring uncertainty and going in fully even on the most uncertain investments. They are able to do so because they are far less risk averse than the rest and are willing to live with the consequences of investments (and their portfolios) blowing up. They are more gamblers than investors, but with good instincts and timing, gamblers can get wealthy too, he said.2) Avoid it: If an investor completely wants to avoid uncertainty, she cannot invest in equities, corporate bonds, which have risk of default, and even treasury bonds, which have price risk from shifting interest rates, Damodaran noted. Unless the investor simply wants to just hold cash, she has to therefore decide what her threshold for risk is, and stay within that threshold.3) Margin of Safety: The third approach to dealing with uncertainty also borrows from conventional value investing and imposing a margin of safety, where you will buy a stock only if its price is less than your value estimate by a margin (20%, 30%, 40%) that you specify.4) Law of large numbers: If I had a million dollars in investable funds, would I invest that entire amount in Anthropic, even if it trades at well below my assessed value? The answer would be no, given the uncertainties associated with the future of the company, but that answer would change if my portfolio became less concentrated, since its performance would be less a function of any individual company's performance (good or bad), Damodaran said. In effect, he said he is using the law of large numbers as an ally to not only reduce his risk exposure to individual companies, but also as a basis for making investments in far riskier stocks than he would be otherwise inclined to invest in.Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her relative(s) (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
FICCI's Budget 2027 wish list has a tax twist
Union Cabinet approves new VISTAR scheme to overhaul Indias statistical system
The three-pronged scheme is aimed at strengthening data collecting, analysis, the incorporation of AI, as well as provide fresh data on the unorganised sector to make the overall GDP figure more accurate
Unilever to invest 35 mn in India for R&D
Motor insurance rules change from December 15, 2026. Car and bike owners must check five things before renewal, including mandatory covers, passenger protection, personal accident insurance, own-damage cover and separate premium disclosures.
The development has triggered concern among bullion dealers, jewellery manufacturers and traders, particularly because the adulterated gold can appear similar to genuine gold during initial inspection.
Cabinet approves scheme to promote processing of critical minerals
Move to provide targeted capital expenditure support for the establishment and operationalisation of domestic processing facilities
The decline in gold prices is expected to boost demand this Dhanteras, All India Gem and Jewellery Domestic Council (GJC) Chairman Rajesh Rokde told.
Star Air cuts weekly flights on high fuel costs
Indians get selective in car purchases; here's how
Allcargo Logistics turns corner, logs 18-crore profit in Q2
Revenue rises 3% at 555 crore, improved operating margins drives profitability in the quarter
BSE Q2 Results: Net profit surges 45% YoY to Rs 809 crore; revenue jumps 34%
BSE on Wednesday reported a 44.9% year-on-year rise in consolidated net profit to Rs 809.15 crore for the second quarter of FY27 (Q2FY27), compared with Rs 558.43 crore in the corresponding period last year (Q2FY26).The exchange's revenue for the quarter increased 34.1% to Rs 1,432.6 crore from Rs 1,068.4 crore a year ago.Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 42.4% year-on-year to Rs 984 crore, compared with Rs 690.9 crore in the year-ago quarter.EBITDA margin expanded to 68.7% from 64.66% in the corresponding quarter last year.Transaction charges rose 42% year-on-year to Rs 1,127.8 crore in Q2FY27 from Rs 794 crore in Q2FY26.Treasury income on clearing and settlement funds declined 14% to Rs 36.5 crore from Rs 42.8 crore reported in the year-ago period.BSE's total operating expenses increased 21% year-on-year to Rs 494.7 crore in Q2FY27 from Rs 410.1 crore in Q2FY26.On a standalone basis, BSE's net profit after tax rose 50.3% year-on-year to Rs 773.4 crore in Q2FY27 from Rs 514.5 crore in the corresponding quarter of FY26. Revenue from operations increased 38.3% to Rs 1,349.3 crore from Rs 975.5 crore in Q2FY26.Board approves appointment of Ashutosh Singh as executive directorThe board of directors has approved the appointment of Ashutosh Singh (DIN: 10579541) as Executive Director Business (Vertical 3) for a period of five years, effective November 30, 2026, subject to ratification of his appointment by the shareholders. The appointment follows the company's earlier intimations dated June 2, 2026, and October 21, 2026.The board has also approved a proposal to accept an offer from the Mumbai Metropolitan Region Development Authority (MMRDA) for the allotment of a plot at Bandra Kurla Complex (BKC), Mumbai. The proposed plot will be used to develop additional premises and infrastructure facilities for the company. The transaction is subject to completion of the necessary documentation, fulfilment of applicable conditions and execution of definitive agreements with MMRDA.BSE's top shareholdersAs of September 2026, the Life Insurance Corporation of India was BSE's largest shareholder, with a 4.44% stake, followed by ICICI Prudential Focus Equity Fund at 2.70% and SBI Nifty 50 ETF at 2.57%.Nippon Life India Trustee Ltd A/c Nippon India Growth Fund held a 1.84% stake, while Siddharth Balachandran owned 1.64%. Kotak Flexicap Fund held 1.52%, followed by Tata AIA Life Insurance Co Ltd Whole Life Mid Cap at 1.42%. Invesco India Mid Cap Fund held a 1.25% stake, UTI Nifty 50 ETF owned 1.22%, while S Gopalakrishnan held 1.17%.BSE share priceAhead of its Q2 results announcement, BSE shares settled 1.75% lower at Rs 3,601.50 on the NSE, against the previous closing price. The stock has a 52-week trading range of Rs 2,377 to Rs 4,447, while its year-to-date return stood at 37%.BSE had a market capitalisation of Rs 1,46,899 crore on the NSE, as of November 4.
NLMC facilitates 584 crore RINL land sale, eyes HIL asset monetisation
NLMC auctioned 264 RINL land parcels for 584.33 crore across two phases and is now preparing to monetise HIL India's land assets as part of its FY27 fundraising target
Draft SAF policy proposes 90 per cent local fuel uplift for international airlines
Indian and foreign scheduled carriers face proposed anti-tankering obligation; draft also backs financial and tax support
Gold and silver prices have risen since Dhanteras 2025, with silver marginally outperforming gold. Find out what 1 lakh invested in either metal last year would be worth on 4 November 2026, using the latest IBJA rates, and calculate your investment gains.
Abdul El-Sayed once laughed off former US President Bill Clinton's suggestion that he could run for public office, telling him, I dont know if you saw my name. Its not going to work out for me. Nearly 20 years later, the son of Egyptian immigrants has made history by becoming the first Muslim elected to the US Senate after defeating Republican Mike Rogers in Michigan.
Sugar prices rise over 4/kg despite govt steps, retail rate hits 59.50
Sugar prices have risen by over 4 per kg in a month, with retail prices averaging 59.50, despite government measures to improve supplies during the festive season.
ASSOCHAM seeks Customs amnesty scheme to settle 1.5 trillion disputes
In its pre-Budget memorandum, ASSOCHAM has proposed a one-time Customs amnesty scheme, tax incentives for manufacturers and lower long-term capital gains tax rates
India's payments authority NPCI forms unit to push into AI, blockchain tech
The National Payments Corporation of India has created a technology subsidiary known as NPCI Tech Solutions Limited. This new unit will focus on advancements in AI, blockchain, and digital financial infrastructure. Vishal Kanvaty has been appointed as the managing director and CEO of the subsidiary. NTSL aims to enhance capabilities beyond NPCI's core payments responsibilities. The initiative highlights India's commitment to developing its banking and financial services technology landscape.
November 5 School Holiday: State-wise list
JD.com wins conditional EU approval for $2.5 billion Ceconomy acquisition
JD.com secured conditional European Union approval on November 3 for its $2.5 billion acquisition of German electronics retailer Ceconomy, with the Chinese company aiming to close []
NPS naming rules to change from December 1
Festive cheer on D-Street: Sensex up 384 pts on FII inflows
Indian stock markets extended their rally for the fifth consecutive day, with the Sensex climbing nearly 384 points to close above 77,000, driven by foreign fund inflows, easing crude oil prices, and improved global sentiment following the US midterm election results.
Dabur Global CEO Mohit Malhotra resigns
Dabur India Ltd. on Wednesday said Mohit Malhotra has resigned as Global Chief Executive Officer and Whole-time Director of the company, effective November 13, 2026, citing personal interests.Malhotra, who has been with Dabur for more than three decades, has accepted a leadership role overseas, according to his resignation letter dated November 3.The companys board accepted his resignation at a meeting held on Wednesday.In his resignation letter, Malhotra said he had joined Dabur as a management trainee and had been part of its journey from a Rs 1,250-crore company to a transnational enterprise with a presence in over 100 countries and revenue of more than Rs 13,000 crore.He said he was grateful to the Burman family, the board and colleagues for their confidence and the responsibilities entrusted to him over the years.I believe this is the right moment in my career to take on a new challenge, Malhotra said in the letter.He is a Management Graduate from Pune University and holds Executive Masters in International Business from the Indian Institute of Foreign Trade, New Delhi. He joined Dabur in 1994 and handled key assignments in Marketing and Sales in the initial years.Dabur appoints Herjit Singh Bhalla as additional DirectorDabur also announced the appointment of Herjit Singh Bhalla, currently Chief Executive Officer of its India business, as an Additional Director and Whole-time Director for a period of five years, effective November 14, subject to regulatory approvals.Bhalla joined Dabur earlier this year and brings over 25 years of experience in building brands, scaling businesses and driving growth. He previously held management roles at Unilever and global leadership positions at The Hershey Company and METRO Cash & Carry India.Bhalla will continue to lead Daburs India business and drive its growth agenda, while existing Whole-time Director P D Narang will provide strategic guidance across the groups businesses, including oversight of the international business, the company said.
India says PepsiCo, Monster marketed with 'energy drink' label to dupe consumers
India's food regulator FSSAI has accused PepsiCo and Monster Beverage of misleading consumers by marketing high-caffeine products as energy drinks, defending its ban on the label. The dispute has escalated into a legal battle, with the regulator citing public health risks linked to caffeine, sugar and taurine content.
Rustomjee posts record 1,423 cr pre-sales in Q2, targets Rs 5,000 cr for FY27
Rustomjee Group, noted for its luxury projects, achieved record pre-sales of Rs 1,423 crore in the second quarter. The company's net profit rose to Rs 101 crore compared to Rs 10 crore last year. Additionally, revenue from operations saw a significant increase to Rs 497 crore during the same period. Rustomjee plans to focus on redevelopment and expand throughout the Mumbai Metropolitan Region.
After IPO, Acme Universal Safezone posts Rs 7-cr profit in H1FY27
Acme Universal Safezone 9 Ltd has announced its first half FY27 financial results showing a net profit. The company previously reported a net loss of Rs 7.55 crore in the same period last fiscal year. Revenue from operations increased to Rs 119.93 crore, reflecting a growth of 16.09 percent year-on-year. IPO proceeds will be used for expansion, working capital, and potential acquisitions.
Abdul El-Sayed: How a Rhodes scholar from Michigan became the state's first Muslim US Senator
Abdul El-Sayed's inspiring journey began in Michigan, shaped by his upbringing as the child of Egyptian immigrants. His dedication to social equity led him to graduate with highest honors from the University of Michigan and earn a Rhodes Scholarship to Oxford. Completing his medical degree at Columbia University fueled his passion for tackling health disparities.
Govt clarifies GPF rules for deceased employees
Government Unveils Critical Mineral Processing Support
The Indian government has approved a Rs 2,814 crore capital expenditure support scheme to promote domestic processing of critical minerals like lithium and nickel. This five-year scheme, running until 2030-31, aims to reduce import dependence, develop value chains, and enhance India's self-reliance in essential materials for clean energy and modern technologies. It includes a 30% capital subsidy for setting up processing plants.
India's proposed railway link to Ladakh could set a new global record, with plans for a railway station at an altitude of around 5,256 metres above sea level. If completed along the proposed alignment, the station beneath the Tanglang La pass would overtake China's Tanggula railway station to become the world's highest railway station.
Sahara depositors awaiting refunds can check their CRCS claim status online, track rejected or pending applications and correct errors through the resubmission portal. Here's how to check refund status using Aadhaar and what to do if payment is delayed.
EloElo eyes global expansion post $80 million fundraise, aims to build Netflix of micro-drama
EloElo Group, the parent company of Story TV, successfully raised $80 million in a Series C funding round. The funding round was led by Hornbill Capital and NBCUniversal, significantly increasing the company's valuation. EloElo aims to enhance its micro-drama platform and expand into international markets. The company reported substantial user growth and high production efficiency using AI technology.
