State Bank of India aims to be among the world's top 10 most valued banks by 2030. This follows the bank crossing the Rs 100 lakh crore business milestone. SBI is strengthening its capital buffers to support future growth. The bank also surpassed $100 billion in market capitalization. This positions SBI for significant global recognition.

Telecom operators are testing a new Calling Name Presentation (CNAP) service in Haryana and Himachal Pradesh, allowing mobile users to see the registered names of unknown callers. This initiative, directed by the Department of Telecommunications, aims to combat spam and scam calls by displaying caller identities, with a nationwide rollout anticipated by March-April next year.

The Nasdaq Composite experienced its sharpest weekly loss since early April, as investors questioned the sustainability of the AI boom amid concerns about China's potential to lead in AI development. Despite this pullback, the S&P 500 and Dow Jones Industrial Average rebounded late in the session, buoyed by reports of progress in ending the federal government shutdown.

US President Trump has directed the Justice Department to investigate major meatpacking companies for alleged collusion and price manipulation, citing record-high beef prices. The probe will examine whether leading processors, who control a significant portion of the market, have engaged in anti-competitive practices. This action aims to protect American ranchers and address rising consumer costs.

The Trump administration ordered flight reductions impacting over 1,000 flights nationwide due to air traffic controller shortages amid a federal government shutdown. Major airports experienced delays and cancellations as essential staff worked without pay. Transportation Secretary Sean Duffy warned of further cuts if the shutdown persisted.

Prime Minister Narendra Modi will launch four new Vande Bharat Express trains, enhancing rail travel across key Indian routes. These modern, high-speed trains will connect Bengaluru-Ernakulam, Varanasi-Khajuraho, Lucknow Junction-Saharanpur, and Firozpur Cantt-Delhi.

Warns Of Supply Chain Constraints In Quest For Complex Products, Eyes Chip Factory

Nikhil Kamath, co-founder of Zerodha, believes traditional colleges are obsolete. He argues that online platforms and AI offer superior learning to MBA programs. Kamath suggests that formal degrees are becoming less relevant as companies like Meta and Apple shift focus from qualifications to practical skills. Vocational training is expected to gain prominence.

The cryptocurrency market has seen a significant downturn, losing substantial ground after a record high. This slump, triggered by liquidations and investor caution, has erased most of this year's gains. Bitcoin has fallen below a key technical level, while smaller altcoins are experiencing even steeper losses.

Indian students in the US face job rejections due to a significant H-1B visa fee hike by the Trump administration, impacting their career prospects. Companies are increasingly hesitant to sponsor, leading to a sharp decline in available positions for international graduates.

US stocks experienced a downturn on Friday, with major indexes poised for their first weekly loss in four weeks, largely due to a slump in technology shares. Nvidia, Oracle, and Palantir saw significant drops, impacting the broader market. All three major US indexes, the Dow, S&P 500, and Nasdaq are heading for steep weekly losses.

Indian markets are bracing for a tough week as US stock futures dipped, fueled by concerns over economic slowdown and inflated tech valuations. Despite strong corporate earnings, investor sentiment is cooling, with a focus shifting from AI hype to profitability. A mixed economic outlook, exacerbated by the US government shutdown, adds to the uncertainty.

President Donald Trump has shifted his stance on tariffs. He now acknowledges that Americans are paying more for goods. This comes as the Supreme Court considers the legality of his trade policies. Trump has long argued that foreign nations bore the cost of these tariffs. He warns a ruling against him could be devastating for the country.

Nykaa's parent company, FSN E-Commerce, reported a significant surge in net profit for the September quarter, reaching Rs 34.4 crore. Revenue climbed 25.1% to Rs 2,345.98 crore, fueled by strong performance in its beauty and fashion segments. The company also expanded its retail footprint and saw accelerated customer acquisition.

A prolonged government shutdown has forced the FAA to cut 10% of flights at 40 major airports, disrupting millions of travelers. Unpaid air traffic controllers and TSA staff face fatigue and staffing shortages, creating a significant safety risk. This political gridlock is impacting holiday travel and the aviation industry's economic stability.

India is poised to become a major force in the global rare-earth market. A recent trade agreement provides a crucial window for New Delhi to boost its processing and manufacturing. With rich mineral reserves and strong political backing, India can establish itself as a vital hub. This development offers a path to diversify supply chains and enhance global resilience.

B9 Beverages founder Ankur Jain is seeking to sell an asset to raise immediate funds for pending employee salaries and provident fund payments. The move has raised concerns among investors who are seeking clarity on the buyer and offer details. The company faces significant financial challenges, including halted production and substantial net losses.

Chief Economic Advisor V Anantha Nageswaran is confident India's FY26 economic growth will surpass 6.8%, driven by increased consumption from GST rate cuts and income tax relief. He anticipates growth exceeding 6.5% and is comfortable projecting above 6.8%, awaiting Q2 numbers for a potential upward revision.

China is introducing a new licensing system for rare earth exports, aiming for a faster and easier process. While this offers longer validity and potentially larger volumes, it does not remove existing restrictions, falling short of US expectations for a full rollback. The new permits are expected before year-end, but obtaining them may remain challenging for certain sectors.

Aishwarya Rai Bachchan won a Rs 4 crore tax case against the Income Tax Department. The ITAT Mumbai ruled in her favor, stating the Assessing Officer failed to properly justify rejecting her voluntary disallowance of Rs 49 lakh. The tribunal found her calculations reasonable and noted inconsistencies in the department's assessment.

Gold futures surged on Friday, marking their third consecutive session of gains due to weak US economic data. This data has intensified expectations of an imminent interest rate cut by the Federal Reserve, driving investors towards safe-haven assets like bullion. Silver prices also advanced alongside gold.

Pine Labs, a leading digital payments firm, has launched its IPO to raise Rs 3,900 crore, with shares priced between Rs 210-221. The company reported strong revenue growth and narrowed losses in FY25. Analysts suggest subscribing for long-term investment, citing its potential in India's expanding digital payments market.

Lenskart's IPO grey market premium has plummeted by 70% ahead of its listing, raising concerns about substantial listing gains despite strong oversubscription. While the company boasts a robust business model and impressive financial growth, elevated valuations and subdued secondary market conditions are prompting caution among investors and market observers.

October saw the highest job cuts in 22 years, with over 153,000 positions eliminated as employers increasingly adopt AI and face economic pressures. This surge, reflecting a cooling labor market, makes it harder for laid-off workers to find new roles, with forecasts suggesting a continued slowdown.

China's October exports saw a significant 25% drop to the US, contributing to a 1.1% global decline, the weakest since February. This downturn highlights continued reliance on American buyers despite efforts to diversify markets. A recent trade agreement between the US and China may offer a modest boost to exports in the coming quarters.

India and China, major buyers of Russian crude, have significantly reduced their oil purchases following new US sanctions on Rosneft and Lukoil. This has widened the price gap between Russian Urals and Brent crude in Asia to a year-high, signaling increasing pressure on Russia's vital oil revenues. Refiners in both nations have halted December orders, risking unsold Russian oil volumes.

Asian stock markets declined Friday, mirroring Wall Street's losses due to weak US economic data and interest rate uncertainty. Surging US layoff announcements reignited concerns about the labor market, while Fed officials signaled inflation remains a primary worry, tempering expectations of further rate cuts.

Groww's IPO is on its final bidding day, having garnered significant retail investor interest and a 1.64 times subscription by Day 2. The platform's valuation stands at 33.8 times FY25 earnings, with a Rs 11 grey market premium indicating a potential listing price of Rs 111. Brokerages largely recommend subscribing, citing Groww's strong market position and growth potential.

Gold price prediction today: Gold prices are showing early recovery signs, prompting a 'buy on dips' strategy for investors. Technical indicators suggest a potential short-term trend reversal, with key support around 1,20,100. Analysts recommend entering around 1,20,600-1,20,700, targeting 1,21,800, with a breakout potentially pushing prices to 1,22,200.

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday on weak global cues. While Nifty50 went below 25,400, BSE Sensex was down over 450 points.

Stock market recommendations:Bajaj Broking Research identifies Manappuram Finance and Dabur India as top stock picks for November 7, 2025. The Nifty is consolidating near a crucial demand zone, suggesting a healthy pullback within an uptrend.

US President Donald Trump indicated positive trade talks with India and a potential visit next year, praising Prime Minister Modi. While negotiations for a Bilateral Trade Agreement continue, addressing significant tariffs on Indian goods and Russian oil imports remains a key focus for both nations aiming to boost trade.

Leading financial analysts have updated their outlooks on several Indian companies. Morgan Stanley sees upside for SBI, Jefferies is bullish on M&M's growth, and HSBC highlights Adani Ports' improving returns. Citigroup is positive on Paytm's payment and credit momentum, while CLSA maintains a cautious view on Kaynes Technology due to cash flow concerns despite strong growth prospects.

Regulator Writes To Social Media, Search Engine Majors To Prevent Securities Frauds