The Economic Times

Daksham Growth Ventures has completed the first close of its consumer-focused fund, raising approximately Rs 125 crore. The fund is registered as a Category II Alternative Investment Fund and targets a total corpus of Rs 150 crore. It aims to invest between Rs 5-20 crore in early-growth businesses including direct-to-consumer and B2B2C companies. The fund will support companies with governance, brand positioning, and distribution expansion.

National Conference president Farooq Abdullah emphasised party unity following a meeting with disgruntled MLAs. The meeting aimed to address concerns regarding the recent cabinet expansion and party organization. Abdullah stated that the concerns of the legislators were genuine and would be taken into consideration. Assurance was given to address some issues immediately while others would be resolved gradually.

BMW Industries Ltd has reported an impressive 42.7 percent increase in net profit for the quarter ending on September 30. The firm's total income surged by 33 percent compared to the same quarter last fiscal year, while EBITDA rose by 25 percent, showcasing its resilience and growth. Notably, the new greenfield downstream steel complex in Bokaro commenced operations, with future plans focused on optimizing capacity utilization across these facilities.

The Chief Minister of Andhra Pradesh announced that seven missing Tamil Nadu fishermen have died after a boat accident. This incident occurred due to severe weather conditions associated with Cyclone Murasu. Search operations have been ongoing to find two other fishermen who are still missing. Officials are coordinating with Tamil Nadu authorities to handle the identification and repatriation of the deceased.

Hindustan Construction Company reported a decline in consolidated net profit for the September quarter of FY27. Income and expenses also saw a reduction in comparison to the previous year's figures. The company secured an order of Rs 524 crore and participated in several project bids. Additionally, construction progressed on various projects including the Indore and Patna Metro.

India's consumer inflation is projected to rise in October, mainly driven by significant increases in food prices. Economists expect food inflation to reach 8.20%, reflecting ongoing market pressures. Rising global food prices and higher input costs contribute to the inflationary environment. The Reserve Bank of India anticipates inflation to average 5.2% for the current financial year. A rate hike is likely to occur in the central bank's upcoming policy meeting.

Varanasis ropeway is nearly 95% complete, and trial runs have started. It will take passengers from Cantt railway station to Godowlia, near Kashi Vishwanath Temple, in 16 minutes for Rs 50, against more than 45 minutes by road. It is expected to open around Dev Deepawali on November 24.

Gold remains central to Indian household savings, but high prices are pushing investors toward ETFs and digital gold instead of physical holdings. Crypto is emerging as a separate portfolio option rather than replacing gold, reflecting a broader shift toward digital ownership and diversification.

President Donald Trump is set to participate in a Diwali celebration at the White House this Friday. The event will take place in the Oval Office, continuing a tradition that began with President George W. Bush. President Barack Obama was the first to light a lamp during a White House ceremony in 2009. Last year, India's Ambassador Vinay Kwatra joined Trump to celebrate Diwali by lighting a lamp.

Indian markets are likely to experience a decline on Friday following a global market selloff. Investor concerns are rising due to the impact of the US Democratic win on regulations and foreign policy. Both Nifty 50 and BSE Sensex ended their six-session winning streak on Thursday. Foreign institutional investors made substantial stock purchases amid shifting market dynamics related to AI.

As long as a stock's price remains above its 200-day moving average on the daily timeframe, it is generally interpreted as being in an overall uptrend.

Paraguay's Ueno Bank has collapsed, leaving customers locked out of their accounts and prompting nationwide protests. President Santiago Pea faces impeachment while being linked to the bank's swift downfall amid allegations of misconduct. The Central Bank had found serious issues with Uenos lending practices prior to its seizure, which caused it to be declared insolvent. Regulators found that the bank issued loans beyond legal limits without proper categorization.

US President Donald Trump linked the recent decline in the stock market to Democratic victories in the midterm elections. He mentioned that retirement savings have been impacted due to the market loss. While the stock market experienced a steep sell-off, the Nasdaq Composite fell significantly. Concerns about restrictions related to technology companies contributed to the downturn in market performance.

The Nov. 915 horoscope singles out Cancer, Virgo and Libra for potential gains in money and work.Cancer could find a partner for a stalled project, while Virgo may feel ready to ask for better pay.

The Bombay High Court affirmed that the Representation of the People Act remains effective during the electoral rolls revision process. It directed the Electoral Registration Officer of Santa Cruz to include the family names in the voter list. The family had applied for a change of address, but their request was initially denied. Following multiple rejections from electoral officials, the court intervened to ensure their voting rights.

Paras Healthcare announced a profit after tax of Rs 40.35 crore in the September quarter. This performance shows a significant increase from the net profit of Rs 12.38 crore reported last year. Revenue from operations reached Rs 510.89 crore, with expenses at Rs 463.12 crore during the same period. The company utilized a portion of its IPO proceeds to strengthen its balance sheet.

Godfrey Phillips India Ltd reported a significant 37.73 percent decrease in net profit for the September quarter, primarily driven by a substantial tax increase from the previous fiscal year. Despite this, the company's total consolidated income surged to Rs 8,139.64 crore during the first half of FY27. To counteract the volumetric impact from rising taxes, a tactical pricing strategy was implemented.

Glenmark Pharmaceuticals experienced a 56.78 percent drop in consolidated profit after tax during the September quarter. Total revenue from operations decreased to Rs 4,247.32 crore compared to the previous year. The company's total expenses also decreased during the same period, indicating some operational efficiency. A subsidiary of Glenmark Pharma entered into a settlement for USD 15 million with Humana Inc.

A Texas family's vision for conservation transformed their cave into the Eckert James River Bat Cave Preserve in 1990, eschewing fertilizer extraction. Annually, about 4 million female Mexican free-tailed bats find refuge here, utilizing the site as their maternity colony during the crucial breeding season from May to September. Dedicated research and management initiatives strive to protect this critical habitat and deepen understanding of bat population dynamics.

Sebi has revised its regulations to permit domestic and foreign portfolio investors to take positions in currency derivatives. Investors can now hold up to USD 5 million without establishing underlying exposure. The new guidelines also require FPIs to ensure their short positions do not exceed this limit. For amounts above the threshold, FPIs must have underlying exposure in Indian debt or equity securities.

Trump's Loss, Wall Street's Gain? What Could Change for AI, Defence, Crypto and Elon Musk

Ten BSE 100 stocks, including Marico, Adani Ports, Divis Laboratories and ICICI Bank, hit fresh 52-week highs on Thursday as benchmark indices staged a sharp rally.

Indias Securities and Exchange Board of India (SEBI) has greenlit the introduction of net settlement for mutual fund schemes, set to take effect on April 1, 2027. This initiative is designed to streamline funding requirements and boost market efficiency. Previously, net settlement was exclusive to foreign portfolio investors. Eligible transactions will now be confined to sales or purchases of a specific security, while cross-scheme netting will remain prohibited.

New Delhi: Mehli Mistry has challenged his removal as a trustee of Sir Dorabji Tata Trust (SDTT) and Bai Hirabai Jamsetji Tata Navsari Charitable Institution before the Maharashtra Charity Commissioner, alleging procedural irregularities and violations of trust governance rules.In three rejoinders and applications filed before the Deputy Charity Commissioner, Mistry has questioned the legality of the decisions leading to his removal, the eligibility of certain trustees and their participation in

Eleven smallcap stocks have maintained net profit margins above 10% in both Q1 and Q2FY27, while delivering share price gains of 151% to 352% so far this fiscal year.

In a groundbreaking study, scientists have engineered starfish egg cells to respond to light stimuli, allowing them to dynamically alter their shapes. These cells can morph from elongated squares to contracted forms depending on the intensity of light exposure. This innovative research opens doors for potential advancements in synthetic biology, including tissue repair and targeted drug delivery systems that activate precisely where needed.

India is in advanced discussions to supply additional BrahMos missile systems to the Philippines by expanding their existing deal. This potential transaction could be valued between $700 million and $800 million, considerably higher than previous contracts. The acquisition comes as the Philippines seeks to modernize its military capabilities amid rising tensions in the South China Sea.

EPL reported a notable 4.52% increase in net profit, reaching Rs 110.9 crore for the September quarter of FY27. With revenues from operations climbing to Rs 1,567.4 crore, a 30% year-on-year growth, the Beauty & Cosmetics and Oral Care segments played pivotal roles. Despite higher expenses, the EBITDA margins held strong above 20%. Looking forward, EPL is set to focus on sustained revenue growth and stable profit margins.

Sitaram Denims India Ltd plans to launch an initial public offering with two components. The IPO includes a fresh issue of equity shares and an offer for sale by promoters. Proceeds from the fresh issue will be used for various purposes including repayment of borrowings and working capital requirements. The company aims to set up a new garment manufacturing facility in Bhilwara to expand capacity.

Five Nifty 50 stocks featured in the White Marubozu bullish scanner on November 4, after gaining over 3%. Bharat Electronics led the list, followed by Adani Enterprises, Titan Company, Jio Financial Services and Max Healthcare.

For the festive season, ICICI Direct has identified ten promising stocks that could be wise investments, boasting notable potential for growth. Among these are Venus Pipes and Tubes and Kotak Mahindra Bank. Each stock has specific buying ranges and target prices. Investors should assess their portfolios carefully, especially given the current market fluctuations.

Four Nifty 50 stocks featured in the RSI Trending Up scan on November 4, indicating improving price momentum. Jio Financial Services, Mahindra & Mahindra, Bajaj Finserv and Adani Enterprises recorded RSI readings above 50.

Aurobindo Pharma, Hindustan Aeronautics, and IOL Chemicals demonstrate solid growth prospects for the coming year. Similarly, Jyoti CNC Automation and Karnataka Bank are expected to experience significant gains according to their long-term performance charts. Noteworthy mentions also include Dr. Lal Path Labs, Mayur Uniquoters, and Shivalik Bimetal Controls, all showcasing attractive target prices.

Three Nifty50 stocks closed below their respective volume-weighted average prices on November 4, according to StockEdges technical scan data, indicating that their closing prices were lower than their average traded prices during the session

Coal India's Mahanadi Coalfields has just secured approval for an upcoming IPO, set to launch soon. This offering will potentially sell 661.8 million shares, which is equivalent to a 10% equity stake. As a vital player in India

Israeli President Isaac Herzog has accepted the election results and started consultations with party leaders. Netanyahu's bloc lost its majority in the Knesset, while Arab-led parties made significant gains. The elections commission reported no evidence of fraud, despite Netanyahu's allegations. Herzog emphasized the importance of public trust in the electoral process during his consultations. If coalition talks fail, Israel may face another election in the near future.

Jonathan Garson will assume the role of president at Pixar Animation Studios on January 4. He will replace Jim Morris, who has served as president for 12 years. Morris will remain involved with upcoming projects in a different capacity after stepping back. Garson has been with Pixar since 2010 and has extensive experience with Disney. Pixar's upcoming films include 'Gatto' and 'Incredibles 3', scheduled for release in 2027 and 2028.

The US federal government is preparing to reveal the regulations applicable to domestic AI labs. Pentagon Chief Technology Officer Emil Michael announced that details will be shared in a couple of weeks. The Super Intelligence Task Force was established to regulate AI policy following concerns about industry practices. Michael emphasized the importance of creating a regulatory framework that builds public confidence.

Zydus Lifesciences reported a net profit of 925.5 crore for the September quarter, which declined by 26.6%. The company's revenue from operations increased by 29.2% to 7,909.6 crore during the same period. Total expenses rose significantly to 6,806.6 crore, impacting profitability. The pharmaceuticals business contributed 83% to overall sales, with revenue from India formulations at 1,884.4 crore. North America formulations reported revenue of 3,314.5 crore, highlighting strong global performanc