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LG Ladakh congratulates IAF on successful landing of IL-76MD aircraft at Nyoma airbase
Lieutenant Governor of Ladakh, Vinai Kumar Saxena congratulated the Indian Air Force (IAF) on Sunday on the successful landing of its heavy-lift IL-76MD aircraft at the newly developed Nyoma Airbase in Changthang district, describing it as a significant achievement for India’s military preparedness and forward-deployment capabilities in high-altitude regions.
AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
Sonam Wangchuk seeks President Droupadi Murmu's intervention in Ladakh, accuses LG V K Saxena of smear campaign
Sonam Wangchuk called for presidential intervention regarding the situation in Ladakh and Arunachal Pradesh. He claimed that Ladakh has experienced significant repression since it became a Union Territory. Wangchuk accused the Lieutenant Governor of engaging in a smear campaign against him and other local leaders. He expressed concerns over various policies that favor corporatization and harm local communities.
Sonam Wangchuk appeals to President Murmu, alleges smear campaign by Ladakh administration
Sonam Wangchuk has expressed concerns to President Droupadi Murmu regarding administrative actions affecting critics in Ladakh. He alleges that a smear campaign is being orchestrated by the Lieutenant Governor's administration against him and others. The appeal follows the cancellation of the land lease for the Himalayan Institute of Alternatives, Ladakh, which he co-founded.
Cars to clogs: Dhanteras brings out best retail day of year; takes festive value sales up 20%
Buoyant festive demand in Dhanteras, India’s largest sales period, will be a relief to companies and retailers as it comes in the backdrop of deficient monsoons, high food inflation, volatility in IT sector employment, continued geopolitical uncertainties and risks of El Niño weather conditions.
Voltas names Noel Tata chairman emeritus; Q2 profit rises 53.5%
Voltas has announced the appointment of Sunil Alaric D’Souza as the new chairman. Noel Tata will step down as chairman on November 11, 2023. The company also designated Jayant Balan as managing director starting from May 25, 2027. Voltas recently reported significant financial growth with a 53.5% increase in quarterly profits. The leadership changes coincide with improved demand for the company's air conditioning products.
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AI meltdown: Kospi crashes 9%, hits 9-month low as Wall Street bloodbath after midterm elections spills to Asia; circuit breaker triggered
The sell-off followed a global market rout on Thursday, which saw the Nasdaq 100 plunge 6.4%, wiping out a record $2.3 trillion in market value. The weakness extended across Asia on Friday, with chip-heavy indices coming under pressure. Japan's Nikkei 225 Stock Average and Taiwan's Taiex were also on course to enter technical bear market territory, having fallen 20% from their respective peaks.
South Korea stocks plunge 8%, circuit breaker triggered as chip shares tumble
South Korea's KOSPI stock index fell more than 8% during early trading on Friday, reflecting a significant sell-off. The stock market decline was primarily driven by losses in technology and semiconductor shares. As a result, a circuit breaker was activated by the Korea Exchange to halt trading temporarily. Experts indicated that the reaction may be an overreaction to recent US midterm election outcomes.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets staged a powerful rally, with Sensex jumping 2,009 points and Nifty gaining 576 points. Improved global sentiment, easing crude prices, US midterm election results, foreign investor buying and strong Q2 earnings lifted market capitalisation above Rs 500 lakh crore.
LG Electronics India enters automotive solutions business, plans manufacturing in Andhra Pradesh
LG Electronics India has received board approval to expand into automotive technology and manufacture vehicle solutions. The company plans to develop a range of products including infotainment, telematics, and advanced driver assistance systems. LG Electronics India will invest in phases based on market conditions and technological requirements.
LG Electronics shares jump 8% to 52-week high after Q2 results. Jefferies retains Buy, retains target price
LG Electronics India shares surged to a 52-week high after strong Q2FY27 results, with Jefferies retaining its Buy rating and Rs 1,950 target price. The brokerage expects 21% EPS CAGR through FY29, driven by premiumisation, capacity expansion and new business opportunities.
LG Electronics India Q2 Results: Net profit jumps 27% YoY to Rs 489 crore; stock climbs 5%
LG Electronics India reported a net profit of Rs 489 crore for the second quarter of FY27, which is an increase. The profit jumped 27% year-on-year compared to Rs 389 crore from the same period last year. Revenue from operations totaled Rs 7,380 crore, showing a rise of 19.5% from Rs 6,174 crore previously. Following the earnings release, shares of LG India surged nearly 5% on the BSE exchange.
KOSPI plunges 4% as Samsung, SK Hynix shares slide
South Korea's KOSPI plunged over 4%, with Samsung Electronics and SK Hynix leading losses as semiconductor stocks tracked a sell-off in US technology shares. Concerns over tighter AI regulations and a potential slowdown in investment weighed on sentiment, triggering a sidecar trading curb after the index fell over 5%.
Stocks in news: BSE, Lenskart, Nykaa, Bharti Airtel, LIC, Aurobindo Pharma and Nalco
Indian equity markets have enjoyed a remarkable stretch, registering gains for five consecutive sessions. The Nifty 50 index showed impressive growth, sparking optimism for a breakout beyond 24,000. Companies like Lenskart, Aurobindo Pharma, and BSE are in the spotlight as they report positive earnings. Experts advise keeping an eye on the support levels as the bullish trend persists.
South Korean shares reverse gains, KOSPI falls over 1% as US midterm results loom
South Korean shares reversed early gains as caution ahead of the US midterm election results triggered broad selling. Technology stocks led the decline, while foreign investors offloaded equities worth 1 trillion won amid concerns over global market volatility.
South Korean shares slide nearly 3% as tech selloff deepens; won strengthens
South Korean shares fell sharply as a global technology selloff dragged chipmakers and other heavyweight stocks lower. A stronger won and plunging oil prices offered little support as foreign investors continued to sell equities.
Samantha Ruth Prabhu shares heartwarming moment as Raj Nidimoru gets ready for fatherhood ahead of baby's arrival
Samantha Ruth Prabhu and Raj Nidimoru are eagerly expecting their first child, set to arrive in December. Recently, Samantha shared an adorable image of Raj diligently setting up a baby monitor. Speculation about her pregnancy started when fans noticed her growing baby bump during recent videos. The couple celebrated their private nuptials on December 1, 2025, after their romance blossomed while filming ‘The Family Man’.
Right to protest, right to trade: Trader's body CAIT urges Delhi LG to notify protest sites on city outskirts
CAIT has urged the Delhi Lieutenant Governor to notify designated protest sites to safeguard trade activities. They highlighted the growing disruptions caused by protests and their impact on daily economic life. The traders' body emphasized the need for a balanced solution that respects both the right to protest and the need for uninterrupted business.
Ladakh Saffron: 22 grams harvested in four days, daily flower count nearly triples; LG VK Saxena shares update
A groundbreaking saffron farming initiative in Ladakh has yielded its first flowers in just 30 days, showcasing the viability of this spice in the region's climate. Remarkably, 22 grams of saffron were collected only four days after blooming. This venture not only aims to boost the local economy but also presents an exciting agricultural opportunity for farmers in Ladakh.
South Korean shares rebound as strong exports spur dip-buying
South Korean shares rose after early losses due to strong export data that improved investor sentiment. Exports from South Korea nearly doubled in October, marking their highest increase in over 50 years. Analysts indicated that this performance might lead to upward revisions in corporate earnings forecasts. However, factory activity in South Korea expanded at its slowest pace in eight months.
When do clocks fall back in 2026? November 1 brings an extra hour of sleep, but could America finally end daylight saving time for good?
When does Daylight Saving Time end in 2026? Daylight saving time keeps American clocks one hour ahead of standard time during the warmer months. The idea is to shift an hour of daylight from the early morning to the evening, giving people more sunlight after work and school.
Security and compassion must go hand in hand: Sakina Itoo on convoy halts
Sakina Ittoo raised concerns regarding frequent traffic stoppages on the Srinagar-Anantnag-Kulgam-Qazigund National Highway. She emphasised the negative impact on ambulances and students during Army convoys. Ittoo called for practical traffic management measures that prioritise public well-being alongside security. The practice of stopping vehicles has been described as harassment and humiliation by locals and politicians. Ittoo appealed to authorities to balance security needs with the needs of citizens.
Protest against liquor policy in Ladakh suspended after govt agrees to all demands: Wangchuk
Women's organisations in Ladakh suspended their protest against a liquor policy after receiving assurance from the UT administration. The organisations demanded a complete rollback of the liquor policy and preservation of local culture and values. The UT administration agreed to all demands and requested a week's time to formalise the agreement. The interim suspension of protests reflects the organisations' faith in the administration's commitment.
Global Market: South Korean stocks tumble over 5% as AI spending concerns hit chipmakers
South Korean shares plunged as a selloff in semiconductor stocks intensified amid concerns over the sustainability of global AI investments. Foreign investor outflows and weak market breadth added to the pressure, putting the KOSPI on course for a monthly decline.
India, Volkswagen clash in court over record $1.2 billion tax dispute
India defended its record $1.2 billion tax demand against Volkswagen in a Mumbai court on Thursday, saying the German company never provided required information in time, while the carmaker argued the demand came years too late.
Global Market: South Korean shares fall 2% as Samsung Electronics slides after earnings
South Korea’s KOSPI fell 2.18% on Thursday as Samsung Electronics dropped 4.13% after disappointing third-quarter profits. Losses extended across battery, automotive and steel stocks, despite foreign investor buying. Authorities pledged to monitor volatility. Meanwhile, the won strengthened 0.72%, and government bond yields declined amid market uncertainty and cautious investor sentiment.
Tuborg maker Carlsberg India moves closer to IPO, files updated DRHP for complete OFS issue
Carlsberg India has filed an updated draft prospectus with Sebi for an IPO comprising 8.64 crore shares, entirely through an offer for sale by existing shareholders. The Tuborg maker could raise up to $700 million, according to earlier reports, as multinational companies increasingly tap India’s equity markets to monetise local businesses.
Ladakh has only one operational liquor shop, LG Admin rebuts Sonam Wangchuk's claims
Sonam Wangchuk has raised concerns over the increase in liquor outlets in Ladakh, leading to protests by women. The UT administration responded by rejecting his claims as false and cautioned against spreading rumors. Wangchuk alleged that liquor shops were being opened despite local opposition, particularly near schools. The administration clarified that only one liquor shop is operational and the new Excise Policy was rolled back after public feedback.
Global Market: South Korean shares surge 6% as SK Hynix earnings fuel AI chip rally
South Korean shares surged nearly 6% on Wednesday, driven by SK Hynix and Samsung Electronics following strong earnings and optimism over AI-driven memory chip demand. SK Hynix reported a seven-fold profit increase, while foreign investors bought shares worth $444 million. The rally reflected broader global enthusiasm for artificial intelligence investments.
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