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Amagi, Shiprocket post profits; US polls’ impact on IT
Amagi’s Q2 profit surged nearly 30x while Shiprocket swung into the black for the first time. This and more in today’s ETtech Top 5.
Maharashtra gives one-time age relaxation for recruitment exams, extends concession till end-2027
The Maharashtra government has announced a one-time relaxation in age limits for state recruitment exams until December 31, 2027. This decision follows protests from candidates regarding delays in recruitment procedures that made them ineligible. Candidates can now apply with this extended age limit for certain advertisements issued by the MPSC. Recruitment agencies are also included in this relaxation, offering opportunities for newly eligible candidates.
Ramayana director Nitesh Tiwari is an IITian, worked as a techie for just 4 months. His first film won two National Awards, and he went on to direct highest-grossing film that earned over Rs 2,000 crore
Nitesh Tiwari, an IIT Bombay alumnus in Metallurgical and Materials Science engineering, opted for advertising and filmmaking instead of a typical engineering path. He helmed the hit film Dangal, which earned Rs 2,200 crore globally in 2016. He is now preparing for Ramayana, a two-part epic supposedly budgeted at Rs 4,000 crore.
Mahadev case: Chandrakar's custody needed to identify officials who got 'protection money', says CBI
Saurabh Chandrakar, accused of masterminding the Mahadev betting app scam, was extradited from Oman for interrogation. The Central Bureau of Investigation is seeking information on Chhattisgarh public servants allegedly involved in corruption. Reports claim that huge amounts of protection money were paid to facilitate illegal operations of the betting syndicate. Investigations have revealed a substantial financial network utilising fake bank accounts for gambling transactions.
NPS rule changes from December 1, 2026: PFRDA clarifies how NPS schemes should be named and displayed on PoP platforms
PFRDA has updated its framework governing the classification and presentation of schemes under the National Pension System. The changes will come into effect on December 1, 2026, clarifying scheme naming and display rules.
Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla has marketed Full Self-Driving (Supervised) software to prospective buyers in South Korea for years, often collecting lump-sum payments of 9.043 million won ($6,726).
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Tesla misled South Korean customers about automated-driving tech, consumer group alleges
Tesla is facing a consumer complaint in South Korea over allegedly misleading customers by selling its Full Self-Driving (FSD) software to buyers whose vehicles cannot legally use it. The software, which was sold for a one-time payment of 9.043 million won ($6,726), is compatible with only about 20% of Tesla cars registered in the country, mainly US-made models.
Deep use cases vault India to ChatGPT’s top global market: OpenAI's India MD
During a visit to India last year, the ChatGPT maker’s cofounder Sam Altman said that India was the fastest growing market for the frontier lab and was already the second largest in terms of users globally. Market estimates had earlier put the India user base at 100 million.
Maharashtra FDA suspends 19 food licences; acts against Patanjali distributor over 'adulteration'
In a recent operation, the Maharashtra FDA suspended licenses of 19 food business operators for violations. They seized food articles worth over Rs 9 crore across multiple divisions in the state. This included significant amounts of Patanjali cow ghee found to be misbranded and adulterated. Further, the FDA registered FIRs, arrested several individuals, and sealed multiple establishments for serious hygiene issues.
As US midterms enter last lap, Indian "consultants" suddenly thrust into spotlight
Indian "consultants" are under scrutiny for allegedly engaging in election manipulation on a global scale. These activities reportedly range from creating false narratives on social media networks to shape voter perceptions. Reports say these firms have operated in multiple countries, including the US.
Crypto cards enter RBI's radar as Indians use offshore wallets for everyday payments
Offshore crypto cards that allow Indian residents to spend digital assets on domestic purchases and withdraw cash have come under the scrutiny of the RBI and Financial Intelligence Unit. Several users have reported card deactivations in recent days, while authorities are understood to be examining potential violations of payment regulations and FEMA.
US Justice Department seeks to isolate Alaska ballots as criminal probe underway over Senate candidate
The U.S. Department of Justice is investigating potential voter confusion related to Alaska's Senate race. A lawsuit aims to isolate ballots ranking Dan J. Sullivan to ensure electoral integrity. Meanwhile, federal authorities are probing the involvement of candidates Mary Peltola and Dan J. Sullivan. The situation escalated as President Trump called for prosecution during a rally. Alaska's elections officials are responding to the investigation amid ongoing tensions and legal challenges.
Nasdaq 100 cracks 5%, wipes out $2 trillion in October as AI spending fears deepen
Investor concerns about the high expenditures on artificial intelligence have intensified amidst rising borrowing costs. Major technology companies like Meta, Alphabet, and Microsoft are increasing their capital outlays to strengthen AI infrastructure. The Nasdaq 100 index has already seen a significant decline of more than 5.8% in October. Analysts predict that global AI infrastructure spending could reach unprecedented levels by 2030.
US stocks today: Nasdaq sinks 2.2% as Amazon, Intel fuel fresh fears over AI spending
Wall Street experienced significant losses as the Nasdaq fell to its lowest level in nearly three months. Concerns about rising capital expenditures at Amazon and cash burn warnings from Intel influenced the technology sector's downturn. Major technology stocks like Alphabet and Nvidia also saw notable declines due to investor scrutiny. Defensive sectors like consumer staples and healthcare gained some traction in response to the selloff.
Nasdaq futures tumble over 2% as Amazon, Intel stoke AI spending concerns
U.S. stock futures tumbled as Amazon's rising AI investments and Intel's cash burn warning heightened concerns over infrastructure costs, borrowing expenses and profitability. Technology stocks slumped, while investors reassessed AI valuations, capital expenditure and sustainable returns.
France moves to make rioters pay through family welfare benefit
France's Senate has approved a law to hold families accountable for damages caused by riots and unrest. This legislation allows authorities to recover compensation from family benefits like housing aid and allowances. Critics argue that the bill may disproportionately affect vulnerable families and discourage peaceful protests. Similar accountability measures are being considered in other European countries amid concerns over riots.
Alphabet’s AI risks deepen as filing reveals $98 billion in commitments beyond the $1 trillion spending
In a recent regulatory disclosure, Alphabet reveals financial risks linked to its massive AI investments that surpass $1 trillion. The firm might be burdened with nearly $98.5 billion in contingent commitments, including data center leases and chip system repurchases. There are growing apprehensions about the sustainability of Google Cloud's expansion due to a substantial backlog from its collaboration with Blackstone.
US stocks today: Nasdaq slides over 1% as Alphabet's AI spending revives investor concerns
The Nasdaq Composite dropped over 1% as Alphabet reported disappointing advertising results. The downturn was worsened by software stocks, which fell following Fortinet and ServiceNow's unfavorable quarterly performances. Rising AI spending concerns and inflation data also impacted investor sentiment. On a brighter note, Eli Lilly's shares surged due to strong revenue forecasts, while Caterpillar faced declines as it kept its annual sales forecast steady.
Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
School Assembly Headlines for October 30: Top national, international, sports and business updates
School Assembly News Headlines for October 30, 2026: The Centre will release the 24th instalment of the PM-Kisan scheme on October 30, benefiting eligible farmers. The Bombay High Court has denied Meta's request to relocate a lawsuit to California, affirming Indian jurisdiction. Jamia Millia Islamia has prolonged online classes until November 24 due to ongoing protests on campus. In Israel's 2026 elections, Benjamin Netanyahu’s bloc is reportedly leading with a projected seat count near 54.
SEBI to make direct mutual fund plans default from November 1; reviews IPO and SME listing rules: Reports
SEBI will make direct mutual fund plans the default option on AMC digital platforms starting November 1, while investors choosing regular plans must be informed about their higher costs. The regulator is also reviewing IPO frameworks, simplifying market regulations and expanding the use of AI to strengthen supervision and investor protection.
FTC orders Walmart, Delta and others to share how they use personal data to set prices and pay
"We intend to scrutinize the opaque methodology that some companies in these industries may be using to determine how much consumers pay or how much gig workers are paid for the same product or service," FTC Chairman Andrew Ferguson said in a statement.
Bombay High Court rejects Meta’s jurisdiction challenge in Blink Digital dispute; Interim relief hearing on November 2
The Bombay High Court dismissed Meta's application that challenged its jurisdiction over the dispute with Blink Digital. Blink Digital is seeking the restoration of disabled accounts and significant compensation from Meta. The court has scheduled a hearing for Blink Digital's plea for interim relief on November 2. The dispute centers on whether the case can be heard in India or should go to California.
What happened to the FEC website? Hackers disrupt campaign finance filings before US midterms
On October 26, just ahead of the US midterm elections, the Federal Election Commission encountered a significant outage in its electronic filing system, potentially due to a security breach by an unidentified source. This disruption prevented candidates from submitting vital campaign finance reports during a key spending period, raising concerns about the transparency of campaign funding.
US agency is again probing if Polymarket broke 2022 settlement, sources says
A US regulator is investigating whether prediction market operator Polymarket violated a 2022 enforcement deal in which it promised to ban US users from its main overseas platform, reviving an inquiry the agency shuttered last year without bringing
Norway media take legal action to block Meta from using content
According to the 10 media groups, the new terms due to come into force on November 20 would give Meta -- which owns Facebook and Instagram -- the right to collect their articles, photos and videos, including those behind a paywall, and use them to develop artificial intelligence products, among other things.
BARC blackout opens a new channel for TV viewership data
The suspension of Broadcast Audience Research Council ratings has prompted new interest in RPD-based data collection for TV viewership. GTPL Hathway has started sharing data from connected set-top boxes to track channel viewing. While Tata Play has utilized RPD for internal purposes, concerns remain regarding its industry-wide credibility and sampling transparency. The Ministry of Information and Broadcasting has emphasized RPD's importance for future deployments by distribution platform operators.
GTPL Hathway begins publishing TV viewership data from 10,000+ set-top boxes
GTPL Hathway has introduced audience viewership data for TV channels through its set-top boxes across various markets. This is an industry first and adheres to the guidelines from the Ministry of Information & Broadcasting. It uses return path data to derive insights without collecting personally identifiable information from subscribers.
We have to change the conversation from media costs to business value: Publicis Media's Lalatendu Das
India's advertising sector is experiencing a transformative phase driven by innovations in artificial intelligence and the rise of the creator economy. Marketers are prioritizing agencies that provide tangible business outcomes over mere media optimization. As a result, there is a transition in advertising budgets from traditional celebrity endorsements to content created by influencers.
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