22 C 
Hike in subsidy poised to boost sales of DAP, complex fertilizers
Apart from availability issues in DAP and higher price of complex, demand was low due to drop in coverage of rabi crops
CAG widens purview of power sector audit, starting with DISCOMs; consumer satisfaction in focus
Officials stated that DISCOMs would be evaluated for their performance over a five-year period, following by transmission, generation, renewable energy and RDSS.
CMRL awards contract for property development buildings at Thirumangalam
Contract to Capacite Infraprojects Ltd features a train running through the building, CMRL says
PLI schemes meet just 28% of employment target by FY26: NITI Aayog report
NITI Aayog's assessment finds that PLI schemes achieved 76 per cent of their investment target but only 28 per cent of the jobs goal, calling for refinements in scheme design
Retail inflation may remain above 6 pc for next few months; economists see possibility of rate hikes
Mumbai's consumer price index-based retail inflation is projected to remain above 6 percent in upcoming months. This rise is attributed to increasing food prices, an adverse base effect, and commodity price impacts. Economists predict that retail inflation will average 6.2 percent in the October-December quarter of FY27. Heightened food prices and weather-related risks pose ongoing challenges for crop production.
Kalaburagi Bio-Economy Mission 2026 Proposed To Spur Rural Enterprises, Raise Farm Incomes
Proposed three-year, 50-crore initiative aims to add value to local crops, promote biotechnology and create rural jobs across seven districts.
Nvidia CEO Huang Resigns, Kress Interim Chief
Nvidia co-founder Jensen Huang has resigned as president, chief executive, and board member of the chipmaker. Chief Financial Officer Colette Kress has been appointed interim CEO while the company searches for a permanent successor. Huang's departure follows media reports alleging an extramarital affair with a Chinese businesswoman suspected of spying, leading to an internal inquiry and an FBI investigation.
Dual Booster for Indian Economy: FII Inflows Surge as Crude Falls
CAG to launch in-house AI model to help auditors analyse financial data
Developed by IIT Madras, the LLM is trained on 65,000 internal inspection reports and will help CAG auditors analyse financial data, identify patterns and streamline routine work
State Bank of India has revised its estimate for the upcoming Reserve Bank of India rate hike. The new projection suggests a 0.25 percent increase instead of a previously expected 0.50 percent. This adjustment follows improvements in external conditions and a revival in foreign fund inflows. Analysts note that inflation is projected to remain above 6 percent in November before easing.
India Targets Indigenous Aircraft, Major Airport Growth
Civil Aviation Minister K Rammohan Naidu announced India's ambitious plans to become a global hub for civil aviation manufacturing, aiming to produce made-in-India civilian aircraft within two years. He highlighted the expansion of airport capacity to 800 million by 2029, the construction of 100 new airports and 200 heliports, and the success of the UDAN scheme in boosting regional air connectivity and first-time flyers. The minister also noted the growing ecosystem for aviation component manufacturing and partnerships with international players like Embraer and Adani Group.
Indias pays record $6.4 billion to import Russian crude oil in October
Closure of Strait of Hormuz pushes up freight insurance costs
Responses from consumer to be part of audit of discoms by C&AG
The integrated audit is envisaged to cover all major sub-segments of the power sector over the next four years generation, transmission, distribution, and renewable energy
Modi to focus on strategic ties at ASEAN-India Summit as trade talks drag on
India looks to strengthen bilateral trade engagement with ASEAN members individually even as consensus on the bloc-wide trade pact remains elusive
Nvidia after Huang: Who is interim CEO Kress?
Anbumani accuses officials of favouring real estate developers in Pallikaranai marshland case
The PMK president urges Chief Minister C. Joseph Vijay to intervene on the issue
Nvidia CFO Colette Kress has been named interim CEO of Nvidia after Jensen Huang stepped down from the leadership role. A finance graduate with an MBA, Kress joined Nvidia in 2013 after working at Microsoft, Cisco and Texas Instruments. Here's a look at her education, qualifications and nearly 25-year career in the technology industry.
India tops global economic resilience rankings for 2026-30 with a score of 71
The ASSOCHAM assessment highlights Indias projected growth, savings and investment strength, while flagging fiscal consolidation as a key area for improvement
Wingsure looking to help farmers get credit for agriculture insurance premium payment
The AI-driven crop-insurance companys founder and CEO Avi Basu says agri insurance has been an important learning ground
AI industry faces uncertainty as Nvidia CEO quits
Retail inflation crosses 6% in October, one more rate hike imminent
Data showed that the headline number reached 6.09 per cent in October, against 5.54 per cent in September
India to get fully indigenous civil aircraft within two years, says Aviation Minister
Addressing the CII Partnership Summit, Naidu outlined Indias aviation expansion and highlighted Andhra Pradeshs growing infrastructure and investment opportunities
PLI schemes attract 2.40 lakh crore investment, generate 22.66 lakh crore production
A NITI Aayog assessment with IIM Ahmedabad highlights strong manufacturing outcomes while identifying gaps in jobs, domestic value addition and exports
Nvidia CEO Huang resigns with immediate effect
AI investment is driving growth but also increasing borrowing and long-term bond yields. With spending expected to reach unprecedented levels, investors question whether future revenues will justify the costs. Details here.
Vi bets on network expansion as subscribers rise
India will have one of the 'best' trade deals with the US: Comerce Minister Piyush Goyal
Commerce and Industry Minister Piyush Goyal stated that India is close to finalizing a strong trade deal with the US. The framework for the initial phase of the bilateral agreement has been completed. However, recent changes in US tariffs have necessitated further discussions between the two countries. Goyal emphasized that the outcomes of the negotiations will be beneficial for India.
Faisal Islam: Why the UK economy is surprisingly resilient
The UK is seeing impressive growth, but will it last?
The Consumer Price Index saw almost all categories hit series highs as inflation spread across sectors of the economy
Akasa Airs Q1FY27 net loss widens to over 500 cr
Airline has said it remains well capitalised as it expands its network and raises funds from existing investors
Rupee slips past 94/$, US yields rise; bond yields harden ahead of auction
The rupee closed 0.37 per cent lower at 94.04 against the dollar as rising US Treasury yields weighed on the currency, while government bond yields hardened ahead of the weekly auction
Saregama Embraces AI For Efficiency While Battling Piracy
Saregama India's MD, Vikram Mehra, outlined the company's strategy regarding artificial intelligence, viewing it as a long-term opportunity for cost reduction and faster market entry. While supporting licensed innovation, Saregama is committed to combating the unlicensed use of its music catalogue, particularly against AI-generated covers. The company is investing in technology to track and manage such uses and is also exploring collaborations with AI creators. Saregama is also leveraging AI internally for content creation and operational efficiency, aligning with broader industry trends.
22 firms chase 10 GWh battery prize under PLI
PM Modi to inaugurate 7.5-km Pink Line stretch, flag off Bengaluru-Mangaluru Vande Bharat
The original estimated cost of the 21.26-km Pink Line corridor, from Kalena Agrahara to Nagawara, was 8,730 crore
Why RBI wants to cap select overseas remittances at 50 Lakh to save rupees | Explained
The RBI has reportedly proposed a 50 lakh sub-limit within the 2,50,000 annual Liberalised Remittance Scheme cap to curb dollar outflows and protect the rupee
Why RBI wants to cap select overseas remittances at 50 Lakh to save rupees | Explained
The RBI has reportedly proposed a 50 lakh sub-limit within the 2,50,000 annual Liberalised Remittance Scheme cap to curb dollar outflows and protect the rupee
FISME seeks sectoral export studies, testing overhaul to boost MSME trade
Industry body urges market-specific studies across 10 priority sectors and upgrades to testing facilities to help smaller exporters overcome compliance barriers and benefit from FTAs
Retail Inflation Surges to 6.09% in October, Above RBI's 6% Limit
India's retail inflation surged to a two-year high of 6.09 per cent in October, driven by costlier food items, breaching the Reserve Bank of India's upper tolerance limit of 6 per cent for the first time since October 2024.
Uttar Pradesh logs investment worth 52,800 crore in realty projects
Uttar Pradesh recorded 52,866 crore of investment across 249 RERA-registered real estate projects in the first nine months of 2026, covering more than 73,400 housing and commercial units.
Pollution-linked health insurance claims among Policybazaar customers quadrupled in three years, with cardiovascular and respiratory conditions making up 78% of claims. Details here.
Meet Jay Puri, who could become next Nvidia CEO
Andhra Pradesh gets a 50,000-crore clean break
AAP releases 31 names in second Punjab poll list
Coconut oil prices remain flat despite copra supply shortage
Ample stocks help manage the situation, but the situation will likely tighten before next harvest, say traders
In an appearance on Ellen DeGeneress talk show, Deepika Padukone opened up about her relationship with her parents, Prakash and Ujjala Padukone, and how they shaped her life. Deepika is one of the highest-paid actresses in India, with a net worth of Rs 500 crore.
Shree Cement to invest Rs 7,000 crore in Andhra Pradesh; plans plants in 3 districts
Shree Cement Ltd plans to invest Rs 7,000 crore to establish cement plants in Andhra Pradesh. The company will set up facilities in Kadapa, Anakapalli, and Guntur districts. This decision comes after incentives from the coalition government led by Chief Minister N Chandrababu Naidu. Shree Cement aims to increase its production capacity beyond 80 million tonnes in the near future.
Retail inflation breaches RBI's 6% upper limit at 2-yr high of 6.09% in Oct
A sharp rise in food prices and broad-based increases across CPI divisions pushed retail inflation to 6.09 per cent in October, raising expectations of another RBI rate hike
Kattappa stabbed Baahubali, India won't: Piyush Goyal
ReNew bets Rs 80,000 cr on APs data centre, energy
NCLT approves merger of Jana Holdings with Jana Capital
NCLT approved the amalgamation of Jana Holdings Ltd with Jana Capital Ltd effective November 3, 2026. Both companies belong to the promoter group of Jana Small Finance Bank Limited. The amalgamation aims to eliminate the Non-Operative Financial Holding Company layer while ensuring a seamless transition of assets and liabilities. Jana Holdings was established in January 2017 for regulatory compliance and will be dissolved post-merger.
UK economy grows at fastest rate for more than two years, boosted by AI investment
The UK economy grew by 0.7% in the three months to September, according to official figures.
New York Man Accused Of Defrauding Investors Of Over $5 Million In Real Estate Scam
New York: A 59-year-old man has been charged with wire fraud for allegedly cheating investors of more than $5 million through a fraudulent real estate investment scheme that operated for nearly five years. According to the US Attorneys Office for the Southern District of New York, Andrew Laub, a resident of Goldens Bridge, New York, []
Indias retail inflation rises to 6.09% in October, breaches RBIs upper tolerance limit
Higher food costs, particularly for vegetables, pushed consumer prices up, adding to the monetary policy challenge ahead of the December review.
Gold price falls by Rs 1,600: Check gold and silver rates in Delhi, Mumbai, Bengaluru
Gold and silver prices declined on November 12, 2026, amid a stronger US dollar and concerns over further US interest rate hikes. Gold bullion was quoted at Rs 1,39,510 per 10 grams, while silver stood at Rs 1,83,010 per kg.
Indian 2W Makers Brace for Slower Growth in H2FY27
India's leading two-wheeler manufacturers, including TVS Motor, Bajaj Auto, and Hero MotoCorp, are preparing for a deceleration in growth during the second half of financial year 2026-27 (H2FY27). This anticipated slowdown is attributed to a high base effect from last year's GST rate cut, inconsistent rural demand, and a growing disparity between premium and entry-level segments.
Oyster Renewable to complete Rs 350-crore wind-solar project in Andhra Pradesh by December
Oyster Renewable Energy is nearing completion of a 60.9 MW wind-solar hybrid project in Kadapa district. The project will be operational by next month and includes solar and wind energy capacity. The solar capacity has already been commissioned and operational, generating significant electricity annually. Once complete, the project aims to reduce CO emissions considerably each year. Laurus Labs will benefit from reliable renewable power through this hybrid energy initiative.
FY27 direct tax target of 26.97 lakh crore achievable, but second-half collections key: Experts
The Centre will need stronger collections in the coming months, with corporate tax receipts and advance tax payments shaping the year-end outcome
Indias commercial real estate investment rises 15 pc in Jan-Sep: Report
Digital Desk | New Delhi, Nov 12 (IANS) Investment in India's commercial real estate sector rose 15 per cent year-on-year in the first nine months of 2026, while cross-border inflows reached $5.5 billion, according to a report released on Thursday. The growth came as commercial real estate investment across the Asia-Pacific region climbed 27 per cent from a year earlier to nearly $200 billion during the period, according to a report by Savills. India remains one of the few markets in the region offering both relatively high rental yields and income growth, it added. Grade A office assets in the country generate yields of 7.75 per cent-8 per cent, while rents are increasing by up to 8 per cent annually. India continues to strengthen its position as an attractive destination for global real estate investors, Anurag Mathur, chief executive of Savills India, said. Strong occupier demand, healthy rental growth and competitive yields were supporting investor confidence, while growing interest from overseas buyers reflected both current returns and long-term growth prospects, he added. The report also highlighted India's urbanisation trend, noting that around 36 per cent of the population lives in cities and that about 12 million people are being added to urban areas every year. Across Asia-Pacific, investment activity remained concentrated among large institutional investors. The 25 biggest buyers accounted for 47 per cent of regional deal volumes in the first half of 2026, up from 34 per cent two years earlier. Among property segments, data centres posted the strongest growth with investment volumes rising 79 per cent year-on-year, followed by retail assets at 36 per cent. Meanwhile, investments in offices, industrial properties and hotels increased by about 22 per cent, while the apartment sector recorded a 12 per cent decline.
Retail inflation at 6.09% in October, breaches RBI's upper band after 2 yrs
Retail inflation at 6.09% in October, breaches RBI's upper band after 2 yrs
Bank holiday tomorrow: Branches closed in this state on Friday, Nov 13 know reason and other details
Banks in Shillong will close on November 13 for Wangala, the Garo communitys post-harvest festival. Details here.
India's inflation breaches RBI's red line in October
TVS Motor targets 40% global business by 2030, eyes Europe growth
TVS Motor Company, the world's third-largest two-wheeler manufacturer, is aggressively expanding its international business, particularly in Europe, with a strategic goal to derive 40 per cent of its overall revenue from global markets by 2030.
GMR Group developing 500-acre aviation and aerospace ecosystem in Andhra Pradesh
Speaking at the CII Partnership Summit, the group chairman highlighted the states investment potential and the growing economic role of airports
India's festive online sales rise 17%, but shoppers spend less per order
Datum Intelligence says festive online sales reached 1.41 lakh crore, missing its forecast, as average card payments fell 13 per cent and mobile phone sales weakened
The new trends reshaping India's art market
Art Mumbai is back, showcasing a wider array of international exhibitors while highlighting the evolution of art collections. With community initiatives and social media playing pivotal roles, art accessibility and engagement are being transformed in India.
Husband goes abroad, divorces wife using foreign laws
AI will create 10.6 million jobs but eliminate 8.9 million by 2030: Gartner
Businesses are also postponing new hiring as artificial intelligence reshapes workforce requirements across asset-intensive, public sector and technology industries
Fairfax's Rs 52,878-crore IDBI Bank deal sets stage for a financial services powerhouse
Fairfax Financial Holdings has successfully acquired a controlling stake in IDBI Bank for Rs 52,878 crore. The investment aims to redefine IDBI Bank as a comprehensive financial services provider in India and abroad. Fairfax plans to integrate its existing insurance and capital market businesses into IDBI Bank to enhance its offerings. The acquisition reflects Fairfax's strategy of leveraging IDBI Bank's infrastructure for greater market competitiveness.
Priyanka Chopra gets nervous at Nick Jonas' house, reveals hilarious reason: My house is cute but...
Priyanka Chopra revealed why visiting husband Nick Jonas' house makes her nervous. While her own home has several things that do not work, Nick's house is always spotless. She also recalled her dog peeing on his white carpet. In the same interview, Priyanka revealed how Nick convinced her to get married in India.
Pichai beats Nadella as Alphabet takes $4.2 tn crown
India Offers An Oasis In A Turbulent Global Economy: Piyush Goyal
Speaking at the 31st CII Partnership Summit in Visakhapatnam, Piyush Goyal said, In this turbulent global world, India offers an oasis in the desert.
US mid-term results unlikely to speed up India trade deal as tariff uncertainties persist
India awaits the US excess-capacity probe findings and protection from Russia-sanctions tariffs; Trump can still impose duties through Sections 301 and 232
Ness Wadia agrees with Juhi Chawla's suggestion of starting the IPL in January, stressing that it is reliant on the cricketing schedule worldwide. He believes that an earlier start could ease challenges posed by heat and rain in typical months. While he appreciates the idea, he cautioned against adding more teams at this point. Wadia emphasized the IPL's potential for growth, noting its relative youth among international leagues.
Union Minister K Rammohan Naidu praises 'Modinomics' for India's economic growth at CII Summit
Union Minister K Rammohan Naidu emphasised India's economic growth during the 31st CII Partnership Summit in Visakhapatnam. He attributed this growth to the leadership of Prime Minister Narendra Modi, coining the term 'Modinomics'. Naidu highlighted the transformation in global economic landscapes and emphasized India's potential with its young population and innovation capabilities. He mentioned the civil aviation ministry's extension of the UDAAN scheme aimed at enhancing connectivity.
An abandoned Parisian apartment reveals an extraordinary artistic treasure: a long-lost bronze sculpture by French sculptor Camille Claudel, discovered after 15 years of neglect. Titled The Age of Maturity, the sculpture reflects themes of love, loss and personal struggle, possibly drawing inspiration from Claudels relationship with Auguste Rodin. Authenticated by experts, the masterpiece sold for 3.1 million, highlighting Claudels growing recognition and the renewed appreciation of her artistic legacy.
Arbitrage funds attracted 3,929 crore in net inflows in October 2026, reversing Septembers outflows. We look at the top five funds by 1-year, 3-year and 5-year returns and identify which fund features across all three performance lists.
Indias Russian fossil fuel imports hit record
India was the second-largest buyer of Russian fossil fuels in October, purchasing hydrocarbons worth 6.4 billion, according to a monthly analysis by the Centre for Research on Energy and Clean Air (CREA). It was Indias highest monthly total in data going back to January 2022.Crude oil accounted for 91% of Indias purchases at 5.8 billion. Coal imports were worth 333 million, while oil products accounted for 232 million.Indian refineries raise Russian crude purchasesIndias imports of Russian crude oil rose 10% from September. Imports increased at all three of the countrys largest importing refineriesVadinar, Jamnagar and Paradip.Imports at Vadinar rose 12% month-on-month, while Jamnagar and Paradip recorded increases of 22% and 28%, respectively. The rise made Jamnagar the biggest importer of seaborne Russian crude in October.Refineries in India, Turkiye and Brunei that use Russian crude exported oil products worth 1.6 billion to countries imposing sanctions in October. The destinations included the European Union, Australia, the US and New Zealand.Ten of the 12 shipments of oil products from refineries processing Russian crude that reached EU ports in October departed from Indias Jamnagar refinery. The remaining two shipments came from Turkiyes STAR refinery.CREA estimated that 389 million worth of the oil products exported by these refineries were made from Russian crude. Exports from the refineries to sanctioning countries rose 21% in volume terms from September.Russias fossil fuel earnings reach four-year highChina remained the largest buyer of Russian fossil fuels, purchasing 10.7 billion worth of hydrocarbons in October. The European Union was the third-largest buyer at 2.2 billion, followed by Turkiye at 1.1 billion and South Korea at 488 million.Russias total fossil fuel export revenues rose 14% month-on-month to 754 million per day in October, the highest monthly level since December 2022. Export volumes remained broadly unchanged.Crude oil export revenues rose 19% to 449 million per day, with seaborne crude earnings increasing 23% to 352 million per day. CREA said this was the highest monthly level recorded since its data series began in January 2022.The report said higher global oil prices, linked to the energy crisis around the Strait of Hormuz, helped increase Russias fossil fuel earnings. Russias Urals crude averaged $101.70 a barrel in October, more than twice the EU and UK price cap of $44.10 a barrel.CREA also said that 60% of Russias seaborne oil was transported by sanctioned shadow tankers in October. Another 37% was carried by tankers owned or insured in G7 countries and their partners.A crude oil price cap of $30 a barrel, if fully enforced, would have reduced Russias seaborne crude oil export revenues by 21%, or 2.2 billion, in October, CREA said. A lower cap on crude and oil products together could have reduced Russias total seaborne oil export revenues by 25%, or 3.4 billion.
KL Rahul invests in PlayBlue, joins as brand ambassador ahead of flagship store launch
KL Rahul will invest in PlayBlue, a multi-brand sports retail venture launching its flagship store on November 14. The flagship store in Bengaluru will feature over 75 brands, including apparel and sporting equipment. PlayBlue aims to create an integrated platform that offers expert guidance and experiential retail for consumers. It plans to expand its presence to more than 100 stores across India over the next five years.
Whats making Indias daily dose of doodh costly?
RBI plans curbs on private equity firms controlling stakes in multiple non-bank lenders: Report
India's central bank is working on new rules to prevent private equity firms from holding controlling stakes in multiple non-bank lenders. The proposal aims to mitigate potential financial risks stemming from global private equity firms' investments. While larger stakes will attract greater scrutiny, smaller investments are encouraged to support growth in the financial sector. Recent data shows significant foreign investment in non-bank lenders, highlighting strong demand for credit.
8th CPC: High fitment factor vs increment rate
GAIL, KRIBHCO explore $1.6 billion urea plant in Andhra Pradesh
GAIL (India) and KRIBHCO have signed an agreement to explore constructing a urea plant in Andhra Pradesh. The plant is expected to generate direct and indirect job opportunities for local residents. Officials aim to set up a facility producing 1.27 million tons of urea per year in Srikakulam. The state government will support the initiative by providing land and infrastructure.
OpenAI Now Processes AI Requests Locally In India
OpenAI has launched local processing of AI requests in India for its API, enabling businesses and developers to run workloads on its GPT-6 Luna model within the country. This initiative addresses data localisation needs by ensuring both processing and data storage occur in India, removing a significant barrier for Indian organisations, especially in sectors like financial services.
The Centre raised dearness allowance and relief by 3 percentage points, from 60% to 63%, effective July 1, benefiting over 1 crore employees and pensioners. Several states also announced increases and arrears, with payment arrangements varying by state.
EVs to be default choice for govt staff cars; 'Make in India' tech procurement updated
The Indian government has made electric vehicles (EVs) the default choice for staff car procurement across ministries and departments, setting a higher price cap of 20 lakh for EVs compared to 10 lakh for ICE vehicles. Concurrently, new guidelines have been issued for procuring electronic devices, incentivising 'Make in India' products with a higher price ceiling.
Did Ariana Grande just make her relationship with Ricky Alvarez official on the red carpet?
Ariana Grande and Ricky Alvarez have taken their romance from Instagram to the red carpet. The two, who dated from 2015 to 2016, triggered dating rumours in June 2026 after they were spotted together. Grande later shared a playful video with Alvarez, and they have now made their red carpet debut as a couple at the New York premiere of Focker-in-Law.
Bihar's first municipal bond, issued by Patna Municipal Corporation, is now listed on NSE and offers 9.20% annual interest, payable quarterly. Here's what investors should know about its returns, risks, maturity and how to buy these bonds.
Took her toddler along to celebrate debt freedom
RBI to ban private equity firms from controlling multiple non-bank lenders
Indian banks and non-bank lenders have seen a rush of foreign investor interest as demand for credit in the economy remains strong and loan delinquencies remain low
India offers an oasis in a turbulent global economy: Union Minister Piyush Goyal
Union Minister Piyush Goyal highlighted that India provides predictable policies, fair laws, and safe investments for global businesses navigating international conflicts and economic uncertainty. Speaking at the 31st CII Partnership Summit in Visakhapatnam, Goyal said,
