DIRECTOR OPERATIONS
Andaman co-operative bank 'fraud' case: ED attaches semi-submarine tourist vessels, other assets
A fresh prosecution complaint (chargesheet) was also filed in the case on November 6 before a special Prevention of Money Laundering Act court located in Port Blair. A provisional order was issued under the PMLA on November 5 attaching a total of 35 immovable and five movable properties, the agency said in a statement. The total value of these assets is Rs 121.35 crore, the agency said.
ET AI Business Transformation Masterclass heads to IIM Bangalore to decode enterprise AI adoption
The AI Business Transformation Masterclass & Awards 2026 at IIM Bangalore will feature leaders from IndusInd Bank, PhonePe, PepsiCo, Shadowfax, Myntra, Shopify, NVIDIA and other organisations. Sessions will cover agentic AI, voice technology, supply chains, contextual commerce and physical AI, followed by the ET Most Innovative AI Product Awards 2026.
Tata Steel shares rise 2%. Why brokerages remain bullish; see up to 30% upside potential
Tata Steel shares rise over 2% following strong Q2 FY27 earnings, with net profit increasing 16% year-on-year. Brokerages largely retain Buy ratings, although target prices vary. Nomura cuts its target, while Jefferies remains optimistic and Axis Securities upgrades its rating, citing improving margins and earnings prospects.
Tata Electronics told to file ATR after deaths of three contract workers
"The company has also been directed to submit a detailed action taken report (ATR) covering the circumstances leading to the accident, lapses identified, corrective measures undertaken and a clear preventive action plan to ensure that such incidents do not recur," Krishnagiri district collector C Dinesh Kumar told ET on Tuesday.
Electronics Inc runs ops update to build AI infra
India’s electronics manufacturers are moving into AI data centre infrastructure, targeting optical transceivers, advanced packaging and specialised cooling systems. Dixon Technologies, Samsung, LG, Blue Star and PG Electroplast are exploring production opportunities as global demand rises. The shift could attract investment, improve margins and strengthen India’s position as an export hub.
Nvidia's clubby board faces a sticky 'honey pot' test
Nvidia's CEO Jensen Huang is under investigation after allegations of an affair with a suspected Chinese spy. The company's board of directors is facing scrutiny regarding its independence to investigate the CEO's conduct. American national security concerns are heightened due to Huang's close ties with political figures, including Donald Trump. Nvidia's advanced semiconductor technology is critical in the competitive AI landscape.
CEO, managing director or executive? The confusion over Alice Huang’s real role at Nvidia customer Megaspeed
Alice Huang has been described as Megaspeed’s CEO, managing director, founder and senior executive, but the available corporate records confirm only her director and managing director roles. As the Nvidia customer faces scrutiny over alleged chip diversions to China, questions remain about Huang’s position and her connection to the company.
India, US vow to jointly act against emerging drug threats
India and the US have agreed to strengthen cooperation against emerging narcotics threats, including illicit drug trafficking and the diversion of synthetic drugs and chemical precursors. At a bilateral meeting in New Delhi, both sides discussed intelligence sharing, coordinated enforcement, precursor control, pharmaceutical supply chains and measures to reduce drug demand.
Will Nvidia CEO Jensen Huang keep his job amid FBI probe? Here’s what we know
Nvidia's CEO Jensen Huang finds himself embroiled in controversy as he is under investigation due to his alleged affair with Alice Huang, believed to be a Chinese spy. In light of these serious claims, Nvidia has launched an independent inquiry, which Huang is fully backing. Meanwhile, federal authorities are probing for possible export violations, raising questions about Huang's leadership amid concerns over succession planning and the company's future stability.
Soaring fares fail to ground year-end international travel plans
Despite a 25% increase in international airfares, bookings for year-end overseas holidays among Indians have risen by one-third. Many travelers are opting for more affordable destinations, especially in Southeast Asia and Japan. Airlines are reporting full flights, indicating high demand for international travel from India. Some international carriers are increasing their flight capacities in response to this demand.
RBI extends supersession of Abhyudaya Co-operative Bank Board for one more year
The Reserve Bank of India has extended the supersession of the Board of Directors of Abhyudaya Co-operative Bank. This extension will be effective until November 24, 2025, continuing a period of oversight. The RBI aims to address governance standards that raised material concerns regarding the bank's operations. Satya Prakash Pathak remains the Administrator, overseeing the bank's management during this time.
The US, Singapore and Taiwan have all looked at Alice Huang or her company Megaspeed; here’s what each investigation covers
One Chinese businesswoman, three countries and a growing national security controversy. Alice Huang has drawn scrutiny in the US, Singapore and Taiwan over her alleged links to Beijing and her former company, Megaspeed. But each country's role is different. While US authorities have examined suspected Chinese intelligence links, Singapore is investigating Megaspeed, and Taiwan's reported inquiry centres on her alleged connections to China.
Sarvam names Google Cloud India head Sashikumar Sreedharan as president & chief business officer
Sashikumar will additionally join Sarvam's board of directors. He will lead the company's business across enterprises and government, while expanding its engagement with digital-native companies, developers and partners.
India's sugar mills face margin squeeze as ethanol production restrictions and rising costs hit profitability: Crisil
India’s sugar mills may see decreased operating margins due to factors like rising sugarcane prices and production restrictions. The shift to C-heavy molasses for ethanol is expected to affect profitability negatively. While sugar prices are firm, they may not fully offset the losses from reduced ethanol sales. Demand and realisations might support a modest growth in operating income for this fiscal year.
Tata Steel Q2 Results: Profit rises 16% YoY to Rs 3,700 crore, revenue up 11%; Noel Tata to retire as director
Tata Group's Tata Steel has reported a 16.2% year-on-year increase in profit after tax for Q2FY27. Consolidated revenue from operations grew by 11.5% year-on-year, reaching over Rs 65,436 crore. The profit after tax for the quarter was around Rs 3,700 crore, compared to the previous year's amount. Additionally, Noel Naval Tata will retire from his position effective November 11, 2026.
TPG invests ₹525 crore in Kirloskar-backed Arka Fincap
The Rise Funds of TPG is planning a significant investment of ₹525 crore into Arka Fincap, backed by the Kirloskar Group. This investment has the potential to be increased to ₹800 crore based on specific performance indicators and regulatory green lights. The funds will support Arka's expansion into secured retail lending and revamp its technological infrastructure.
Voltas reshuffles top leadership; Sunil D'Souza named Chairman
Noel Tata, who will retire as chairman at the close of business on November 11, will be succeeded by Sunil D'Souza, currently managing director of Tata Consumer Products and a non-executive director on Voltas' board. Tata will assume the role of chairman emeritus from November 12. He has been associated with Voltas since 2003, the company said in a stock exchange filing.
Sugar output jumps to nearly 13 lakh tonnes so far in 2026-27 market year: ISMA
Indian Sugar & Bio-Energy Manufacturers Association (ISMA), in a statement on Friday, said the 184 sugar mills have commenced crushing operations across the country as of November 5, 2026, compared to 154 mills during the corresponding period of the preceding year.
M&M Q2 net profit up 25% driven by strong automotive sales
Mahindra & Mahindra reported a 25% increase in consolidated net profit for the September quarter. The automotive business was the primary driver behind this profit growth, aiding other sectors. Overall revenue rose to ₹57,553 crore, reflecting strong demand despite external challenges. Standalone net profit also exceeded expectations, reaching ₹5,102 crore for the same period. This performance showcases the company’s resilience amid a difficult operating environment.
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