The Economic Times

A Bengaluru court granted an injunction to Siddaramaiah, restraining media from publishing videos linking him to a honey trap. He claims these allegations are intended to tarnish his reputation and character for political reasons. Siddaramaiah has stated he has no connection to the alleged sting operation circulating on social media. He supports freedom of expression but sought legal action due to misuse by certain media sections.

OnMeta has signed a memorandum of understanding with QazPost to explore digital financial solutions. This collaboration aims to integrate OnMeta's digital infrastructure with QazPost's extensive distribution network.

Anand Rathi Share and Stock Brokers reported a 50% year-on-year rise in consolidated net profit to Rs 41.93 crore in Q2FY27, while revenue from operations grew 20.25% to Rs 273.21 crore. Growth was supported by higher MTF interest income, distribution revenue and continued client acquisition amid market volatility.

Indian equity markets rallied over 1.5% on Tuesday, with the Sensex rising 1,109 points and the Nifty 50 gaining 358 points. IT stocks led the advance, with HCL Tech and TCS topping the gainers lists. Kotak Mahindra Bank, Eternal and Maruti Suzuki were among the notable laggards.

Tata Elxsi reported a 10% year-on-year rise in net profit to Rs 170 crore in Q2, while revenue from operations grew 15% to Rs 1,056 crore. Higher employee and operating expenses, along with lower other income, weighed on margins. Net profit for the first half of FY27 rose 14%.

Adani Enterprises Limited and Jabil have signed a Memorandum of Understanding for a potential joint venture. This partnership aims to manufacture AI and data center equipment in India. The agreement includes the production of AI racks, servers, and cooling systems. Gautam Adani highlighted the necessity for new industrial frameworks to support the AI revolution. The joint venture is contingent on further agreements and necessary approvals before progressing.

A study by Equirus Wealth finds that 70% of women have the final say over their investment portfolios, yet none of the respondents received structured financial training. Four in ten assumed financial responsibilities after a major life event, highlighting gaps in financial preparedness and wealth succession among Indian families.

Jio Platforms Ltd. is generating tremendous interest for its forthcoming initial public offering, with over $20 billion already attracted. The company targets a valuation around 10.3 trillion rupees, or $108 billion. Notable global investors such as Fidelity and Allianz are on board for this primary issue IPO. Expect the launch next week, as final anchor investor discussions are underway.

Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of Indias ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She also acknowledged the healthy debate around tax rationalization in the securities market.

Sebi has announced a new Portfolio Management Services framework effective from April 1, 2027. This framework permits portfolio managers to invest in IPOs, primary market debt, and various overseas securities. Portfolio managers can also offer advisory services related to unlisted securities for large investors. Furthermore, a Portfolio Managers Route for Investing in Mutual Fund units will facilitate investment in direct plans.

On Tuesday, members of the National Students' Union of India gathered at the Rajiv Chowk metro station. They demanded the resignation of Chief Election Commissioner Gyanesh Kumar due to electoral irregularities. Activist Vinod Jakhar was detained along with hundreds of other demonstrators during the protest. The police increased security measures in Connaught Place, which is near Jantar Mantar.

Recent high-profile exits at Bank of America, such as banker Amy Lissauer, have sparked concerns about the institution's future. Once a leader in investment banking fees, the bank now sits in fourth place. In response to staff unease, executives held a reassuring meeting focused on commitment to employees and recruitment plans.

Solar Defence and Aerospace Limited has announced the dispatch of 450 Nagastra-1R loitering munitions to the Indian Army in a single supply batch. The company said the order was placed under emergency procurement after technical trials, with the system configured for short-range operations and equipped with attack-abort and recovery capabilities.

Kotak Institutional Equities argues that stock prices are driven by earnings expectations and PE multiples rather than market flows or liquidity. Rebutting myths about FPI outflows and IPOs draining secondary market cash, the brokerage highlights business fundamentals and mental DCF valuations as the true price drivers.

Indian equities rallied on Tuesday, with the Sensex surging over 1,100 points after Finance Minister Nirmala Sitharaman said discussions around long-term capital gains tax (LTCG) and securities transaction tax (STT) were ongoing. IT stocks also supported gains, led by HCL Tech and TCS. However, mixed broader-market trends, elevated crude prices and inflation concerns continued to temper investor sentiment.

Encouraging a paradigm shift, Uday Kotak of Kotak Mahindra Bank calls for increased Chinese investments in India. He posits that collaborating with Chinese firms could enrich India's manufacturing sector. Kotaks remarks signal a reassessment of global investment trends, advocating for a cooperative model akin to Chinas previous engagements with U.S. companies, aiming to expand the spectrum of available capital even in the face of trade tensions.

RBL Bank reported a significant increase in net profit for the September quarter of 2026. The bank achieved a 37% growth in net interest income, achieving Rs 2,131 crore. Net advances grew by 42%, while deposits rose by 34%, supported by FCNR(B) inflows. However, margins are expected to moderate as these deposits fully impact the balance sheet.

PL Capital remains cautious on the Nifty after its eight-week losing streak, ruling out a quick V-shaped recovery. The brokerage has trimmed earnings estimates but sees valuation comfort in largecaps, while flagging inflation, FII outflows and demand risks.

ETMarkets identifies 11 stocks held by single mutual fund schemes that surged 80%224% in FY27 so far, highlighting seven multibaggers with exclusive fund ownership as of September 2026.

Shares of Paytm, Pine Labs dropped after NPCI delayed the rollout of merchant discount rate (MDR) fees on select UPI transactions beyond Diwali. The rollout, earlier scheduled for October 15, was expected to boost fintech companies earnings during the festive season. NPCI said the revised implementation date would be communicated to stakeholders soon.

Triveni Power Transmission Ltd (TPTL) listed 10.48 crore equity shares on BSE and NSE following its demerger from Triveni Engineering & Industries. Shareholders received 1 TPTL share for every 3 shares held. The independent listing aims to enhance business focus on high-speed gearboxes and power transmission equipment.

Triveni Power Transmission Limited has listed on the BSE and NSE following its demerger from Triveni Engineering & Industries. The independent entity aims to sharpen its business focus and expand across industrial, marine and defence applications.

The IMF has flagged three risks to global financial stability: an AI-driven market correction, rising sovereign bond yields and cyberattacks. These threats could trigger broader financial stress, while high borrowing and tight market linkages may amplify their economic impact.

CoinSwitchs investment arm, CoinSwitch Ventures, has rebranded as BlackLane Capital, expanding beyond crypto and Web3 to invest in early-stage startups across fintech, enterprise infrastructure, consumer applications and digital assets. The firm plans to invest up to $5 million per startup and aims to enable over $100 million in startup funding over the next five years through its investments and partner network. It has previously backed more than 26 startups under its Web3-focused mandate.

Nifty 50 could reach 26,000-26,500 within four to five months, driven by cooling US Treasury yields, dollar weakness, and FII short covering, according to Monarch Networth Capital CEO Gaurav Bhandari. Strong monthly domestic inflows of Rs 31,000 crore provide additional support for valuation re-rating.

Global AI stocks plunged after Broadcom CEO Hock Tan warned that investors are treating artificial intelligence like gambling, raising concerns about excessive valuations and unsustainable spending. He questioned OpenAIs long-term profitability despite strong revenue growth. South Koreas Kospi and Japans Nikkei declined, while Indian IT stocks rallied amid the global technology selloff.

Ace investor Mukul Agarwal added a 1.2% stake in precision engineering firm Apsis Aerocom, which has surged 470% since its March 2026 debut, to his Rs 8,000 crore portfolio. Meanwhile, he trimmed his stake in KRN Heat Exchanger following a 61% rally over the past year.

Reliance Industries could see a valuation re-rating as Jio Platforms proposed Rs 30,000 crore IPO brings greater transparency to its digital business. Religare has a target price of Rs 1,696 on the stock, implying 46.7% upside from its current market price.

Natarajan Chandrasekaran of Tata Sons affirmed the conglomerate's commitment to producing semiconductor chips amid ongoing boardroom disputes. Tata is investing heavily in India's first chip-making unit, a key to future growth. Noel Tata has expressed disagreements over capital decisions and shareholder returns, which has escalated tensions. Despite operational challenges at Air India and within Tata Technologies, the group continues to maintain double-digit growth.

UP Board Time Table 2027 Class 10, 12: The Uttar Pradesh Madhyamik Shiksha Parishad has announced the Class 10 and Class 12 examination schedule, with board exams set to run from February 5 to February 24, 2027. Check the subject-wise timetable, morning and evening shift timings, and steps to download the UPMSP date sheet PDF.

BJP MP Ravi Kishan criticized Congress leader Rahul Gandhi for allegedly hitting his own party workers during protests. He accused the Opposition of attempting to hijack democracy as they are unable to defeat the BJP electorally. Kishan claimed that 65 percent of young people support the current government under Modi's leadership. He dismissed Congress's concerns about EVMs as unfounded and self-serving.

NATO's defence technology priorities have shifted towards meet what it deems to be capability gaps in counter-drone systems and space-based surveillance. The collective defence organisation has launched a 1 billion euro fund to accelerate the development of dual-use technologies on its eastern border. Poland has become an attractive investment destination to meet these demands and the fund aims to speed up the identification and adoption of technologies.

Bangladesh Prime Minister Tarique Rahman met with Hindu community leaders to discuss their rights and security. He emphasized that every citizen deserves protection regardless of religious identity while ensuring their rights. The government is enhancing security measures ahead of the Durga Puja festival to maintain communal harmony. Past incidents of violence against Hindus have raised concerns about their safety during religious gatherings.

Warren Buffett became a millionaire at 32 and has inspired many through his investing journey. He emphasizes starting young and the importance of compounding over time. Buffett used the metaphor of a 'snowball' to illustrate building wealth gradually. He recently transitioned leadership at Berkshire Hathaway and reflected on his career. Buffett expressed confidence in the company's future and his continued role as a shareholder.

Global AI stock enthusiasm hit a roadblock as South Korea's Kospi plunged 7.4% on chip competition concerns and Broadcom's warning on AI spending. Conversely, Indian IT stocks surged, adding Rs 26,000 crore in market cap as investors rotated into services over semiconductor hardware exposure.

Billionbrains Garage Ventures is poised to unveil its Q2FY27 results, projecting impressive revenue growth compared to the previous year. Analysts from Motilal Oswal Financial Services anticipate revenues reaching Rs 1,434 crore. Additionally, the forecast for EBITDA reflects a significant year-on-year uplift, highlighting robust profitability. Nonetheless, concerns arise from margin pressures and a decline in derivatives revenue sequentially, making it vital to observe financial performance acr

Ircon International shares surged after the company secured an EPC contract worth Rs 862.46 crore from East Central Railway. The project involves track-related works, including laying and linking railway tracks and supplying materials for the third and fourth lines under the Son NagarAndal project.

Bandhan Bank shares jumped nearly 7% after reports that Abu Dhabi-based IHC was in early-stage discussions to acquire a promoter stake in Bandhan Financial Services, potentially giving existing investors an exit opportunity.

Indian IT stocks rallied up to 7%, with the Nifty IT index gaining 3.3%, as concerns over rising AI investment costs and uncertain returns rattled global technology stocks. Broadcom and Intel executives flagged capital constraints, prompting investors to reassess the AI boom. Separately, OpenAI told investors its September annualised revenue was nearly $50 billion, below its earlier indicated figure of $70 billion.

Polycab India shares dropped over 5% after the NSE announced its exclusion from the F&O segment from December 30. The move follows insolvency proceedings initiated against the company, although NCLAT has stayed the NCLT order. Existing derivative contracts will continue until their respective December expiries.

As the festive season approaches in India, high crude oil prices stir worries over profit margins for companies across sectors like FMCG and apparel. With input and logistics costs rising, analysts indicate that while consumer spending could increase, the burden of elevated crude prices might pressure profit margins. Larger, established brands may adapt more easily than smaller firms, leaving a challenging equation between cost absorption and maintaining market position.

India's CRDMO sector is on the brink of expansion, backed by solid partnerships with major pharmaceutical players and comprehensive capabilities. Jefferies emphasizes the critical role of specialized manufacturing skills and a strong project pipeline for achieving success. With Divi's Laboratories and Sai Life Sciences excelling in these domains, there is potential for notable earnings growth.

On Tuesday morning, Indian equity benchmarks, Sensex and Nifty, showcased a robust recovery after a lower opening. The Sensex surged over 650 points, while Nifty ascended by nearly 200 points, surpassing the 22,550 mark. Driving this upward momentum, IT stocks saw notable gains, particularly HCL Tech, which soared more than 5% following its impressive Q2 results.

ICICI Prudential AMC shares rose 2% after reporting a 6% YoY net profit rise to Rs 889 crore in Q2 FY27. Major brokerages including Jefferies, Emkay, and Centrum retained positive ratings with revised target prices offering up to 30% upside potential, while a Rs 30 dividend was declared.

RBL Bank shares fell up to 8% despite a 170% year-on-year jump in Q2 FY27 net profit to Rs 481.7 crore. Strong net interest income growth and improved asset quality supported performance, while provisions rose. Nuvama raised its target price to Rs 500, citing the ENBD acquisition and FCNR deposit mobilisation, while Dolat Capital retained its Sell rating with a Rs 320 target.