The Economic Times

Glenn Maxwell has announced his retirement from international cricket and domestic competitions for Victoria. After a remarkable career lasting 14 years, he concluded his last match against Oman during the ICC T20 World Cup. Maxwell's international achievements include two ODI World Cups and a T20 World Cup title. He accumulated nearly 4,000 runs in ODIs and 2,900 runs in T20Is, along with 10 centuries.

The Economic Times HR Excellence Awards 2027 spotlight the transformative nature of HR within organizations, underlining their crucial role in shaping business strategy, fostering talent development, and enhancing employee experiences. With six distinct award categories such as Talent Acquisition and Employee Experience, this initiative serves to honor HR teams that significantly boost organizational performance and drive workforce change.

Recent cyberattacks on supermarket refrigeration systems in Belgium and France have exposed significant vulnerabilities. Around 40 Delhaize supermarkets and several others lost food worth about 100,000 due to the incidents. Researchers found nearly 13,000 vulnerable refrigeration management services accessible online across various countries. Many of these systems have outdated security measures, which increases the risks of unauthorized access.

Under Sebis T+1 settlement cycle, investors need to purchase a companys shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action.

As per Sebi's T+1 settlement cycle, investors must buy the company's shares at least one trading day before the record date for them to be credited to their demat accounts and qualify for the bonus issue. This makes today the last day to buy the stock to be eligible for the bonus shares.

Marico has reported a 13% increase in consolidated revenue, driven by strong volume growth in India and international markets. The company highlighted challenges from rising input costs due to geopolitical tensions and adverse weather circumstances. Managing director Saugata Gupta expressed awareness of potential inflation effects, especially in rural areas. Marico aims for mid-20% EBITDA growth by FY27 and expects annual revenue to exceed 15,000 crore.

ITC reported a 20% decline in standalone net profit for the September quarter despite a 45% increase in revenue. The rise in cigarette taxation significantly impacted profitability, forcing ITC to absorb part of the price hikes. Non-cigarette businesses showed strong growth, achieving the highest revenue growth in 14 quarters. Factors such as inflation and geopolitical tensions continue to affect the operating environment.

Indian equity markets experienced a significant surge, primarily driven by Reliance Industries which saw an 11.6% increase. Easing crude oil prices and renewed diplomatic talks regarding Iran contributed positively to investor sentiment. The BSE Sensex rose by more than 1,200 points, while the NSE Nifty exceeded the 23,400 mark. Broader market segments, including metals and cement stocks, also experienced noteworthy gains.

Heavy rainfall resulted in significant flooding across the Southwest, impacting residents and prompting numerous evacuations. Emergency services carried out swift-water rescues due to rising rivers and dangerous conditions. Flooding forced residents to leave their homes in areas like Durango and Pagosa Springs, affecting voting plans. Many regions reported record rainfall and ongoing access issues for disaster relief.

North Korea has rejected the claims of its involvement in the recent Binance cryptocurrency theft exceeding USD 6 billion. The FBI had accused North Korean hackers of orchestrating the heist, linking it to previous cyber incidents. Kim Yo Jong noted that the US has a history of making such accusations against North Korea.

Democrats are concentrating on economic issues while dealing with conflicts in Michigan before the midterm elections. US President Donald Trump aims to showcase construction projects and shifts focus from voter concerns. In Michigan, Senate candidate Abdul El-Sayed seeks to maintain voter support despite an endorsement for his rival. Trump acknowledges challenges ahead for his party in the elections, reflecting concern over possible losses.

Sebi has established frameworks allowing real estate investment trusts and infrastructure investment trusts to issue foreign currency denominated depository receipts. This initiative enables them to access capital from overseas markets through international exchanges in GIFT City. To issue depository receipts, unitholder approval will be required, with a majority supporting such moves. Certain restrictions and conditions will apply to participating trusts and existing unitholders.

Indian equity benchmarks experienced gains, with Nifty nearing the 23,500 resistance level and strong corporate earnings reported. ITC faced a decline in consolidated net profit, impacted by the cigarette business, despite revenue growth. Marico saw a significant rise in net profit and expanding EBITDA margins during the quarter. Container Corporation of India reported a subdued performance with a slight decline in net profit compared to last year.

Reliance Industries has seen an impressive 11.6% surge in stock price, following quarterly earnings that exceeded expectations. This remarkable rise represents the company's most significant increase in over six years. Analysts are optimistic about future growth, crediting this success to strong performance in the O2C sector and increased institutional buying. Brokerage firms predict potential earnings upgrades will further boost stock valuation.

Foreign investors have significantly reduced their holdings in nearly 70% of India's leading companies in recent years. Major firms, including banks and IT sectors, are seeing foreign ownership decline to multi-decade lows. This decrease in foreign investments mirrors diminished expectations for growth in India relative to other global markets. Although some companies experience slight increases in foreign ownership, they still remain at historical lows.

Healthcare marketplace: Obamacare premiums are expected to rise in 2027 as enhanced federal subsidies expire and eligibility rules change. With benchmark silver plan premiums projected to increase by 13%, many Americans could face higher costs, switch to cheaper coverage or struggle to keep their health insurance.

Sudarshan Venu's trusts have secured 825 crore through share pledges to acquire an additional stake in TVS Holdings. The acquisition will raise Sudarshan's stake to 73.35%, enhancing family ownership. Funds from JM Financial Products and JM Financial Credit Solutions will finance this transaction. TVS Holdings reported a 39% increase in consolidated revenue, demonstrating strong business performance. This realignment of ownership reflects Sudarshan's growing role in the groups future direction.

Irdai has implemented stricter rules regarding employee stock option plans for insurance companies to regulate ownership stakes. Senior executives and directors must seek approval to exceed prescribed shareholding limits under these plans. Insurers are required to monitor direct and indirect share allotments to prevent regulatory breaches.

Institutional investors are now allocating more funds to private credit, significantly from insurance companies and pension funds. Neo Alternative Asset Managers has seen its second fund receive 22-25% contributions from these investors. Ascertis Credit's fourth fund also attracted commitments exceeding $700 million from multiple institutional investors. With increased interest in private credit, annual investment opportunities are now estimated around 1 lakh crore.

Domestic banks are beginning to increase their deposit rates due to shrinking liquidity conditions in the market. Bank of India recently announced a rate hike on deposits for various maturities, including a special 500-day option. This decision reflects the growing cost of deposits in the banking system as demand for credit rises. Banking system liquidity has significantly decreased from its peak in early September.

The Supreme Court has authorized the use of certified green firecrackers in Delhi-NCR on specific dates. Firecrackers can only be burst within designated time limits on November 7 and 8. Certain areas, including hospitals and educational institutions, will be declared as 'No-Cracker Zones' to ensure safety. Manufacturers must comply with specific certifications to produce authorized firecrackers during this period. A complete ban on all firecrackers will resume after November 8.

Donald Trump's administration asked the US Supreme Court to temporarily block California from counting mail-in ballots from more than 20,000 registered voters who federal officials allege are likely non-US citizens.

Judges hearing appeals related to electoral rolls in West Bengal are expected to utilize digital signatures shortly. This change aims to resolve a prolonged standoff that prevented the processing of appeals. Retired Calcutta High Court judge Indrajit Chatterjee has resumed his work on appeals in Murshidabad. The Election Commission of India is considering relocating some tribunals closer to Kolkata.

Rahul Gandhi said he was ready for a debate on the issue. To Modi's accusation last Saturday that the Opposition had become an obstructionist force using social media as a weapon to spread rumours, Gandhi responded by alleging that foreign social media fully backs the prime minister.

Supreme Court Justice PS Narasimha recused himself from a case regarding the Memorandum of Procedure for judicial appointments. The plea, filed by NGO Lok Prahari, seeks to finalize the MoP as it has been pending since 2015. This procedure governs the appointment and transfer of judges to higher courts in India. The petition also calls for enhanced transparency in the selection process and access to Collegium meeting minutes.

Union home minister Amit Shah criticized Rahul Gandhi for his allegations against the government regarding electoral integrity. Shah stated that the government is prepared to hold a special session of Parliament to address these issues. He accused Congress of obstructing efforts related to the SIR exercise that aims to remove illegal infiltrators from electoral rolls. Shah confidently claimed that Prime Minister Narendra Modi would dominate the debate if it occurs.

The Supreme Court concluded the court-monitored investigation on the Ayodhya Ram Mandir donation theft case. This decision came after the Uttar Pradesh government submitted a charge sheet regarding the allegations. The case involved claims of cash misappropriation by individuals during the donation counting process. The Supreme Court allowed petitioners to assist in the trial court proceedings. The trial court has been directed to proceed according to legal protocols.

CRPF has marked a significant achievement by completing a year without any operational fatalities. This milestone was last observed almost five decades ago in January 1979. The force attributes this success to enhanced training, contemporary hardware, and strategic planning. Efficient post-incident response is also a key aspect of this accomplishment. CRPF continues to engage actively in major operational areas while maintaining this remarkable record.

The Defence Ministry signed contracts worth 53,866.50 crore for constructing next-generation corvettes with public shipyards. Garden Reach Shipbuilders & Engineers Limited will build five corvettes while Goa Shipyard Limited will construct three. The ships are designed for multi-domain warfare, including anti-surface and anti-submarine operations. This project is expected to create significant employment opportunities in shipyards and ancillary industries over the next decade.

Binance has recently reported a major security breach impacting approximately $6.3 billion in digital assets. After the hack, the exchange temporarily suspended withdrawals while assessing their security systems. Hackers allegedly linked to North Korea have raised concerns about the effectiveness of security measures in cryptocurrency exchanges. Investigators are working to trace the stolen funds and recover as many assets as possible.

A power cut occurred in Washington DC on Monday. It impacted over 1,176 Pepco customers. George Washington University and other government buildings in the area faced the power cut due to a power outage at a substation. Smoke was also reported to come out of manholes. This happened just one day before the US midterm elections 2026.

A 20-year-old co-pilot, Nathalia Gadelha, was among nine people killed in the deadly Learjet Florida crash. Her mother has now recalled her haunting fear that flying would one day take her daughter away, while Nathalia's final text to her boyfriend, sent around 10 minutes before the crash, revealed that she was facing turbulence and ice.

Strategy purchased 811 BTC USD worth more than $65 million, its largest acquisition since late September, while Bitmine added $19 million in ETH USD. The buying came as the crypto industry faced renewed security concerns following the massive Binance hack, with Bitmine chairman Tom Lee arguing that the markets relatively muted reaction was very constructive.

Indian equities experienced a strong start to the week, bolstered by better than expected Q2 earnings. Improved domestic macro indicators contributed to the positive sentiment among investors and traders. Increased passenger vehicle sales and gross GST collections reflected resilience in domestic economic activity. Several stock recommendations were highlighted for Tuesday, suggesting potential upward movements. Analysts shared technical insights indicating opportunities for buying various stock

Indian stock markets surged nearly 2% on November 2, with Sensex gaining 1,233 points and Nifty rising 388 points. Falling crude oil prices, strong corporate earnings, positive global cues and foreign investor buying boosted sentiment.

EAAA India Alternatives attracted Rs 316.3 crore in listing-day bulk deals from HDFC Mutual Fund, Carnelian Asset Management and L&T. The stock listed at a marginal premium before gaining 3.8% over its IPO price.

Commodity derivatives traders in India surged nearly 62% to 21 lakh in FY26, while equity F&O participants fell 20% to 85 lakh. Zerodha's Nithin Kamath cited commodity volatility, options popularity and extended MCX trading hours.

In FY26, StockGro showcased substantial growth, achieving a profit after tax of Rs 112.96 crore while nearly doubling its revenue to Rs 226.14 crore, largely propelled by rising subscription fees. Operational costs increased, leading to higher total expenses. As the company gears up for an IPO, preliminary papers have been submitted to Sebi, with StockGro currently serving over 35 million users and capitalizing on Indias booming retail investment market.

Sebi has announced a reduction in the cooling-off period for illiquid private listed InvITs. The previous cooling-off period was set at 12 weeks, which has now been changed to 8 weeks. This decision comes in response to feedback from market participants and aims to enhance the ease of doing business. Illiquid InvITs typically face challenges due to low trading volumes and large lot sizes.

Fusion Finance reported a net profit of Rs 86.5 crore in Q2, reversing a year-ago loss of Rs 22.1 crore. Gross NPAs improved to 1.6%, AUM grew 14%, and NIM expanded to 12.5%.

Union Finance Minister Nirmala Sitharaman acknowledged concerns from investors regarding potential tax changes to support equity markets. She emphasized that while taxation is vital, India's economic indicators remain robust and positive. Sitharaman highlighted the necessity for capital expenditure to sustain economic growth and fiscal prudence. On welfare, she noted significant improvements in access to essential services contributing to decreased poverty levels.

A Learjet 60 crashed into a mobile home community in Florida, triggering a massive fireball. The pilot's chilling final words, We're out of time, captured the desperate moments before the Learjet 60 plunged into a Florida mobile home community. The crash triggered a massive fireball and left authorities investigating multiple fatalities.

Nirmala Sitharaman highlighted the importance of resolving the ongoing differences within Tata Sons and Tata Trusts. She emphasized that the matter should remain private and avoid public discussions. The Finance Minister acknowledged the contributions of the Parsi community to the Tata Group's global brand. Concerns regarding foreign investor outflows and their impact on India's economy were also addressed.

ITC Q2 Results: ITC Ltd reported an 18.5% decline in consolidated net profit for the September quarter on Monday as a sharp fall in earnings from its cigarette business weighed on overall profitability despite strong growth in its FMCG, agriculture and paper businesses.

Four BSE 100 stocks, Coforge, Eternal, Indian Hotels Company and Kotak Mahindra Bank, touched fresh 52-week highs as the Sensex surged over 1,200 points. All four stocks also delivered positive returns over the past month.

In California, same-day voter registration allows qualified citizens to both register and vote on the very day of elections. To participate, individuals must be at least 18 years old and a US citizen. Registration is available at specified locations during the 14 days leading up to the election, including Election Day. Other states also provide same-day registration, though they may have unique procedures and documentation.

Unable to get train tickets for Chhath Puja, a Delhi man named Rishav Thakur has taken an auto-rickshaw to travel to Madhubani in Bihar with his companions. The group is making the unusual journey after missing the festival at home for nearly three years. His videos have attracted attention on social media.

Prime Minister Narendra Modi highlighted the importance of energy security linked to economic security during the global crisis. He stated that India is prioritizing clean energy and green hydrogen to boost its energy independence. The National Green Hydrogen Mission aims for 5 million tonnes of green hydrogen production by the decade's end. India has achieved 300 GW of non-fossil fuel-based energy capacity and is targeting 500 GW.