CUMULATIVE
Ola Electric Q2 revenue slumps 39% to Rs 421 crore, losses narrow
The company said it has stopped orders from its direct-to-consumer stores on November 1, and plans to close them by December. The company, which had announced a pivot to a dealership model in August, now has 255 dealer partners operating over 300 stores, it said in the shareholder letter.
9.5 CGPA score, free Tirupati trip, AC train tickets: DU's Venkateswara College students to get special temple darshan with parents after scoring high marks in exams
Delhi University's Sri Venkateswara College will sponsor a Tirupati pilgrimage for final-year students securing a CGPA of 9.5 or above, covering AC 3-tier train fares for students and both parents. Eligible students will also receive a five-gram silver dollar, shawl, memento and certificate under the TTD Pratibha Award scheme.
Lenskart, Meesho deliver gains of nearly $400 million for SoftBank Vision funds
Lenskart saw returns of $273 million, the highest among the Vision funds' listed investments, while Meesho gained $121 million, according to SoftBank's earnings presentation released on Tuesday. The gains come as SoftBank continues to monetise its Indian investments, having sold shares worth more than Rs 9,300 crore in Lenskart and Meesho since June.
Renewables helped India save over $100 billion in fuel imports since 2011: IEA
India's expansion of renewable energy capacity has helped the country avoid more than USD 100 billion in coal and natural gas import costs between 2011 and 2025, highlighting the economic and energy security benefits of generating more electricity domestically, according to a report by the International Energy Agency (IEA).
Cigarettes to get costlier: ITC hikes Gold Flake Premium prices for the second time this year; here's how much a pack will now cost
ITC Ltd has raised the price of its Gold Flake Premium cigarettes by Rs 10 per pack, taking the MRP of a 10-cigarette pack to Rs 135 from Rs 125. This is the second price increase for the brand in 2026, following a hike in June. The revision comes as cigarette makers face higher taxes and pressure on legal market volumes, while ITC looks to expand its FMCG and other non-cigarette businesses.
EV makers turn to family scooters to drive mass-market adoption
Both new-age companies and legacy manufacturers expect mass-market buyers to drive the next phase of growth for electric two-wheelers. Ather Energy's Rizta, launched in April 2024 as its first family-oriented electric scooter, has crossed 3 lakh in cumulative sales and accounted for 76% of the company's volumes in FY26.
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Clean energy gains fail to lift India's climate ranking
India's renewable energy initiatives have progressed, yet the country has dropped in the Climate Change Performance Index rankings. While India met its non-fossil fuel targets ahead of schedule, the challenge of generating electricity persists. The report highlights progress in solar and wind energy capacities and emphasizes the need for better storage solutions. Experts suggest that India should establish new, more ambitious goals for renewable energy.
US-Iran war to cost Gulf states $790 billion until 2030: Allianz Trade
Beyond physical damage to energy infrastructure, the war has affected other sectors like tourism and real estate, which will see slower growth over the years.
Bitcoin price set for another bull run? Analyst spots 2023 pattern as ETF outflows plunge to $95 million, flags key BTC USD levels
Bitcoin (BTC USD) price prediction: Bitcoin is showing a price pattern that analyst Tim Warren associates with previous bull runs, despite weak investor sentiment and continued ETF withdrawals. US spot Bitcoin ETFs recorded$95 million in outflows on November 10, their third consecutive day of declining withdrawals, while Warren highlighted several price levels to watch.
Tech layoffs were just the start: 1.6 million more US job cuts could push America toward recession
US technology layoffs have crossed 200,000 in 2026, with Google, Microsoft, Amazon and other major companies cutting jobs. But the bigger concern is whether the trend will spread to retail and financial services, where another 1.6 million job losses could push unemployment higher and raise fears of a US recession.
Land deals moderates as developers balance expansion against rising land cost
India's land acquisition market shows signs of moderation as developers face rising land costs. Joint development arrangements have increased in popularity, accounting for one in every four land deals. The total number of JDA transactions rose significantly from 2022 to 2025, showcasing a shift in strategy. Established markets still attract smaller deals, while larger transactions move towards tier 2 and 3 cities.
Jenna Johnson breaks nose before DWTS performance, but still scores 29/30 with Harry Shum Jr.
Johnson and Harry Shum Jr. earned the highest score of the night on Dancing with the Stars and secured a place in the Season 35 semifinals, despite Johnson’s broken nose. She revealed that she suffered the injury during camera blocking a day before the November 10 episode. Here is what she said about the accident, their salsa performance and the next round of the competition.
FPIs turn net buyers; pour Rs 53,739 crore in D-Street in Nov so far
In November, foreign investors reversed a trend of selling by making substantial purchases of Indian equities. This shift followed a global sell-off triggered by AI developments affecting markets worldwide, including the US and Asia. The allure of strong domestic earnings growth alongside attractive valuations in large-cap stocks reignited investor interest in India, particularly in the financial services and technology sectors, with noteworthy activity also seen in the debt market.
Ramayana beats Pushpa 2, Dhurandhar 2: How Diwali holiday helped Ranbir Kapoor's film overtake two box-office blockbusters
Ramayana: Rise of a Legend, starring Ranbir Kapoor and Yash, has shattered box office records across India. Its triumphant opening week saw ticket sales soar during the Diwali festival, with more than 1,11,830 tickets sold in just one hour, surpassing two blockbuster hits - Dhurandhar 2 and Pushpa 2.
RBI's $239 bn forward dollar position to limit rupee gains despite FPI inflows: Report
The Reserve Bank of India currently has a net short position of USD 239 billion in the forward market, which may hinder the rupee's ability to strengthen, even as foreign portfolio investor inflows improve. This influx could potentially be managed by the Reserve Bank, capping any gains for the rupee against the US dollar.
When wars and AI cast a shadow, India has pressed a power reset
India’s renewable energy expansion is reshaping its energy security, cutting dependence on imported coal and natural gas as wars, oil supply disruptions and AI-driven electricity demand put pressure on power markets. An International Energy Agency report says clean energy saved India over $100 billion in fuel imports between 2011 and 2025, with cumulative savings potentially reaching $240 billion by 2030.
Gland Pharma shares jump 4% after Q2 profit jumps 58%, revenue rises 23% YoY
Gland Pharma shares rose 3.89% after reporting strong Q2 FY27 results, with revenue growing 23% and net profit jumping 58% year-on-year. The stock touched a 52-week high of Rs 3,345, supported by robust CDMO growth, improved margins, new product launches and increased US regulatory approvals.
Smaller deals become big revenue driver for India’s top IT firms
The number of customers generating $1-10 million in annual revenue increased at most of these companies in the first half of fiscal 2027 from a year earlier, even as that of their big clients remained largely flat or grew at a slower pace.
Government clears Rs 7,503 crore investments under ECMS in sixth tranche
The latest group of 12 applicants includes manufacturers of up- stream materials such as anode and cathode materials. Together, these companies plan to produce goods worth 182,243 crore at faci- lities across 10 states and employ more than 9,500 workers.
IIT alumni explains why his company treats people who scored 90% on his test as very ‘low trust’: ‘Anyone who scored that high always…’
A former IIT Madras student recently launched into an angry tirade. A Reddit user on the IIT Madras subreddit shared that he had created a test that he was unable to pass with a perfect score. He encountered graduates who manipulated the system and achieved 90% on the exam. He expressed regret that these individuals are not suitable candidates for hiring.
FIIs step up India buying, pour Rs 13,750 crore on Friday; total buying hits Rs 53,154 crore in 14 days
Foreign institutional investors bought Rs 13,750 crore worth of Indian equities on November 6, extending their buying streak to 14 sessions. Cumulative inflows reached Rs 53,154 crore, lifting benchmark indices despite continued domestic institutional selling.
DGTR recommends imposition of quantitative restrictions on soda ash imports for 2 years
The Directorate General of Trade Remedies has signaled its intention to introduce protective measures to curb the influx of soda ash imports. This action responds to an appeal from the Alkali Manufacturers Association of India due to a troubling spike in imports. The proposed two-year quantitative restrictions will allocate specific quotas per country, distributing these annual restrictions in quarterly segments to ensure domestic manufacturers are protected.
Foxconn posts highest-ever monthly revenue in October, up 45.73 pc YoY on AI demand
According to the company's unaudited monthly revenue report released on Thursday, October revenue increased 12.66 per cent from NT$1.159 trillion (USD 35.18 billion) in September 2026, marking the highest single-month revenue in Foxconn's history.
Renewable energy could save India $240 billion in coal, gas imports by 2030: IEA
The savings are expected to increase as solar and wind power displace imported fossil fuels, with annual savings projected to reach around USD 35 billion by 2030, exceeding India's actual non-coking coal and natural gas import bill in the financial year 2024-25.
Hyundai to offer up to 15% savings on car insurance for safe drivers
Hyundai Motor India has launched a usage-based insurance program for its Bluelink-connected cars. Customers can receive potential savings on motor insurance premiums based on their driving behavior. Driving scores will be calculated from vehicle data without requiring additional tracking devices. The program aims to encourage safer driving practices while providing benefits at the time of policy renewal.
Australia data centre inquiry finds inadequate checks, stops short of moratorium
An inquiry into data centres by Australia's most populous state found approvals failed to consider the cumulative effect on resources and infrastructure but stopped short of calling for a moratorium, prompting a blistering rebuke from its chair.
CAQM takes serious view of spurt in farm fires in Punjab
The Commission for Air Quality Management held a meeting regarding the high incidence of farm fires in Punjab. Recent data indicated a significant increase in stubble burning cases across various districts. The Commission emphasized the need for stricter monitoring and accountability among local authorities. Community leaders will also be involved to enhance prevention efforts against farm fires.
eMudhra says TLS certificate security incident impacted 1% of revenue
eMudhra Ltd experienced a certificate security incident in October that impacted its TLS business revenue significantly. Following the incident, the company revoked the affected intermediary certificates to prevent further issues. Executive Chairman V. Srinivasan confirmed that no end-entity certificates were issued, maintaining the integrity of the infrastructure. KPMG was appointed as an independent external reviewer to investigate the incident thoroughly.
Nexus Select Trust Q2 net operating income rises 8 pc to Rs 504 cr
Nexus Select Trust has announced an 8% increase in its net operating income for the second quarter. The company reported a distribution of Rs 359 crore, reflecting growth in distribution per unit. Nexus Select Trust has cumulatively distributed over Rs 4,400 crore to its unitholders since its listing. The company marks its strategic entry into Northeast India with plans for a mall and hotel in Guwahati.
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