OPTIMUS SOL E730

E20 fuel row: Karnataka rejects oil companies' statement, cites BMW's E30 compatibility concerns

Indian bonds drift with oil; inflation data in focus

Indian government bonds exhibited limited movement today as oil prices showed signs of stabilization. Investors are remaining cautious, especially with inflation data from both the United States and India on the horizon. Scheduled for later today is a bond auction totaling 290.5 billion rupees. Analysts predict yields on the 10-year bond could oscillate between 7.30% and 7.10%, with particular attention on India's October inflation report due for release this Thursday.

How rising bond yields and interest rates are putting pressure on stock market valuations

Higher yields boost safer investments’ appeal, pressuring equity valuations despite earnings recovery. Equities are riskier than sovereign bonds. If a virtually risk-free government bond pays 7.4%, investors won’t settle for the same return from volatile stocks they accepted when bonds yielded 5% or 6%.

India's three-wheeler market takes an electric turn, with one in two new sales now EVs

Electric three-wheelers are increasingly popular in India, with sales significantly rising and concerns about fossil fuels decreasing. Mahindra Last Mile Mobility now produces a large number of e-rickshaws to meet growing demand. Drivers like Afroz Alam have reported substantial savings after switching from gas-powered models to electric versions. Analysts attribute this shift to lower operational costs and government subsidies promoting EV adoption.

BoE’s Pill sees scope for interest rate cuts if UK growth stalls

Bank of England chief economist Huw Pill indicated that interest rates could remain steady or decline if economic growth stalls. Recent financial market predictions suggest potential for at least two interest rate increases within the next year. Economic growth has shown surprising strength, yet households are beginning to tighten their spending due to rising energy costs. While GDP growth is projected at 1.

E20 petrol supplied by PSU oil firms meets prescribed quality standards: Oil Min

The government's statement confirmed compliance of 893 petrol samples with prescribed ethanol content standards. Karnataka's Department of Food contested these findings, claiming higher ethanol levels in some petrol samples. Oil marketing companies asserted their sampling procedures were not followed during inspections in Karnataka. They requested access to sampling documentation and proposed joint testing of the ethanol content.

Dalal Street Week Ahead: Nifty bulls come back to life, but 25,000–25,200 zone poses next test

Indian equity markets rallied significantly following the results of the US midterm elections, which were favorable for investors. The Nifty Index saw a large gain and reclaimed important moving averages, indicating improved market sentiment. Some consolidation is expected, as the Index approaches broader resistance levels between 25,000 and 25,200. Various sector indices showed differing momentum as they contrasted against the broader Nifty 500 Index.

World War III: Why is Trump's 'Doomsday Plane' flying across US? Nuclear-proof aircraft spotted heading to unknown location

The Boeing E-4B Nightwatch, Trump's emergency transport, has been spotted in the skies over the United States, having taken off from Offutt Air Force Base. The purpose of this flight is still unknown, particularly as it coincides with Trump's recent threats towards Iran. Although it may just be part of a regular drill, there has been no confirmation of its mission or any senior officials on board.

What went wrong with Tesla Cybertruck? Elon Musk says production will wind down in mid-2027

Tesla Cybertruck production: Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 as Elon Musk shifts manufacturing capacity towards the Cybercab. The decision follows years of production delays, repeated recalls, steep price increases and sales that fell short of the company's original ambitions.

Pace heavy India look to extend advantage over New Zealand in second ODI

India's new pace attack looks to build on their success against New Zealand in the upcoming ODI. Adjustments are expected due to the unique dimensions of the Hnry Stadium's boundaries. Rohit Sharma is anticipated to bounce back after his earlier dismissal, while Virat Kohli's strong performance will be crucial. New Zealand faces challenges with injuries, particularly with Devon Conway ruled out of the series.

Tesla IPO investors turned $1,000 into $242,000: Can its $1.52 trillion valuation deliver another big payday for shareholders?

Since its initial public offering in 2010, Tesla has surged over 24,000% in stock value. Despite this history, recent earnings data for Q3 reveal a downturn in operating income. Tesla shares plunged 10.77% on Thursday, November 5, closing at $343.69. Friday’s rebound in Nasdaq offered some relief. The company’s high market price suggests optimism for future innovations in AI, like Robotaxis and Optimus. New shareholders face challenges compared to those who invested early.

Copper price falls for 4th day, heads for worst week since March on AI rout

Copper prices have faced yet another decline, marking four consecutive sessions of decrease, primarily due to a dip in technology shares and rising concerns over artificial intelligence investments. The three-month copper rate on the London Metal Exchange fell to a low not seen since late July. While tight supply, particularly outside the US, has cushioned further losses, a significant drop in copper stocks within Chinese warehouses is intensifying supply anxieties.

Karnataka finds ethanol content above E20 limit in petrol samples, seeks action against OMCs

The Karnataka government has accused oil marketing companies of exceeding the mandated ethanol content in petrol. Tests conducted on petrol samples showed levels surpassed the legal 20% threshold significantly. The government plans to submit its findings to the Centre and seek appropriate actions against the companies involved. It has also demanded a compensation fund and clearer disclosures at fuel stations.

E30 petrol being sold as E20? Karnataka minister claims oil companies are supplying petrol exceeding the 20% ethanol limit

Karnataka Minister Rizwan Arshad has flagged alleged over-blending of ethanol in petrol after tests found concentrations of up to 31.2% in samples from major oil companies. The state has warned of possible damage to vehicle fuel systems, questioned laboratory disclosures and demanded action, consumer compensation and mandatory display of ethanol percentages at petrol pumps.

India's Karnataka finds fuel samples exceeding 20% ethanol limit, state minister says

Surveys indicate that 80% of petrol stations in Karnataka are breaching the 20% ethanol limit in petrol sales. To address this, officials gathered 63 samples for testing after oil companies neglected to reveal ethanol percentages. The introduction of E20 petrol aligns with India's objectives to cut crude imports while boosting ethanol production.

Nicki Minaj’s lawyers want to drop her as a client amid $275,000 lawsuit; here's what you should know

Nicki Minaj is currently embroiled in a legal situation as her lawyers file to withdraw from representing her in a lawsuit tied to over $200,000 in expenses from her album Pink Friday 2. A production company alleges it is owed for costs related to promotional activities. The law firm cites communication breakdowns and significant differences as the grounds for their withdrawal.

Bank of England hikes rates to 4%, first raise since 2023, says more may come amid high UK inflation

In a decisive move, the Bank of England has escalated interest rates to 4% amidst spiraling inflation, projected to hit 4.8% in Q2 next year. Governor Andrew Bailey cautioned that further hikes may be necessary, especially with ongoing global conflicts. Market reactions were notably favorable, with the British pound gaining strength against the US dollar. Enhancements in economic data have prompted economists to revise growth forecasts upwards.

Nykaa Q2 profit more than triples, operating revenue grows 28%

The platform’s gross merchandise value (GMV) grew 30% YoY to Rs 6,151 crore in the September quarter. The beauty and personal care business reported a 25% expansion to Rs 4,454 crore and the fashion segment recorded a 42% increase to Rs 1,674 crore.

Corporate bond issuances top Rs 17,000 crore as yields ease

Corporate debt issuances have seen significant growth as many companies seek to capitalize on favorable borrowing conditions. The aggregate debt proposed to be raised this week surpasses Rs 17,000 crore. Experts suggest that current bond yields below 7.30% may not remain stable for long. The outcome of upcoming US midterm elections may influence future market conditions significantly.

Binance says North Korean hackers stole $6.34 billion funds in a technical breach

Binance reported a cyberattack attributed to North Korea that compromised $6.34 billion in digital assets. Approximately $2.85 billion of the affected assets have since been frozen or intercepted. The attackers utilized fake job interviews and advanced malware to breach Binance's security systems. Subsequently, the company took steps to replenish the lost assets and mitigate the damage caused.

BLS E-Services Q2 Results: Net profit rises 12% YoY pc to Rs 20.5 cr

BLS E-Services reported a 12.4 percent year-on-year increase in profit after tax for Q2 FY27. The total income for the quarter reached Rs 428.1 crore, up 55.1 percent year-on-year. Additionally, the company's operating EBITDA rose to Rs 28.8 crore, marking a 43.8 percent increase from the previous year. The Business Correspondent segment also achieved a Gross Transaction Value of over Rs 41,400 crore.

Binance to reopen withdrawals for more assets on several networks

Binance said on Monday it will reopen withdrawals for more assets on networks, including BSC, ETH, SOL, XRP and SUI. The reopenings will begin at 04:00 GMT on Tuesday, the company added.

Gold and silver rate today (October 31, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices from IBJA, Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and Tanishq

Gold rates today: Gold jewellery prices fell below Rs 13,000 per gram at several prominent jewellery brands on October 31, 2026. As buyers prepare for Dhanteras and Diwali, many are comparing current gold rates.