PERFORMANCE BASED MAINTENANCE CONTRACTS
Fortnite servers down today? Epic Games' latest statement and here's what to do if you see a ‘Servers Not Responding’ error
Attention Fortnite fans: Fortnite servers are temporarily offline as Epic Games rolls out Update 43.10 for essential maintenance. This downtime will disrupt matchmaking, login, and item shop access, leading to potential connectivity problems for players. Exciting new features, character skins, and gameplay tweaks are on the way to enhance your gaming experience. Stay tuned for updates from Epic Games regarding the server status during this maintenance window.
Road ministry doubles performance security for bridge monitoring contracts to 10%
The ministry of road transport and highways has raised the performance security for bridge monitoring projects to 10%. This change aims to ensure higher safety standards and prevent bridge collapses in the future. Additionally, the time for making changes to the bid document has been reduced significantly from two weeks to three days. The refund of security amounts has also been adjusted, benefiting the concessionaires over time.
IT sector shifts focus from AI disruption to sustainable growth as revenue stabilization improves: Report
India's IT services sector is witnessing a shift towards stabilizing revenues and fostering sustainable growth as investor apprehensions begin to diminish. Although demand remains tepid with only modest revenue increases, IT stocks have shown commendable performance. The rise of engineering-led organizations is pivotal for AI integration, allowing firms to sustain profit margins amidst competition, all while investing further in AI technologies.
Qualcomm global recast may cost 1,000 jobs in India
The US chipmaker employs about 20,000 people in India, mainly at its engineering and design facilities in Bengaluru, Hyderabad, Chennai and the National Capital Region. ET first reported in October that its global restructuring could affect 600-1,000 jobs in India.
NCDEX launches India's first steel scrap futures contract to help industry hedge price risks
NCDEX has launched India's first PRA-based steel scrap futures contract, offering steelmakers and traders an organised hedging mechanism. Based on HMS 80:20, the cash-settled contract aims to improve price transparency and benchmark discovery.
Qcomm’s Diwali boost; Energy startups attract funds
Happy Wednesday! Quick commerce powered a strong festive season for D2C brands. This and more in today’s ETtech Morning Dispatch.
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NCDEX launches India's first steel scrap futures contract: Key details
NCDEX has launched India's first price reporting agency-based steel scrap futures contract, introducing transparent price discovery and hedging opportunities. Based on HMS 80:20, the cash-settled contract aims to organise India's growing steel scrap market.
Tata Power Q2 Results: PAT jumps 33% YoY to Rs 1,652 crore, revenue rises 26%
Tata Power reported its highest-ever quarterly profit of Rs 1,652 crore in Q2 FY27, up 33% year-on-year. Revenue surged 26% to Rs 19,886 crore, supported by renewables, generation, distribution and a record Rs 10,000 crore first-half investment.
Wife took Rs 20 lakh settlement from her husband but later refused mutual consent divorce; Delhi HC finds her guilty, orders to pay the money back
The wife took Rs 20 lakh to end the marriage, then refused to sign the final papers. Asked in court whether she wanted to live with her husband or divorce him, she answered in the negative to both. The Delhi High Court has now held her in contempt and given her six weeks to pay the money back.
Indian Navy's INS Betwa to get diesel propulsion system in Rs 500-crore refit
The Ministry of Defence executed a contract worth Rs 498.58 crore for the refit and upgrade of INS Betwa. This project replaces the frigate's steam propulsion with a modern diesel-engine system and enhances its combat systems. The refit aims to improve operational effectiveness while promoting indigenous capabilities in naval repairs. More than 50 micro, small, and medium enterprises will be involved in the initiative.
Pharma & healthcare funds top mutual fund return charts with over 19% gains. Should investors invest now or wait for a correction?
Pharma and healthcare mutual funds have topped return charts in 2026 with over 19% gains. While strong sector growth supports the outlook, experts caution against chasing the rally and advise investors to assess valuations, risks and portfolio exposure.
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.
Help NASA build a home on the Moon and get $1 million prize: Check competition rules, key dates, how and where to apply
NASA has announced a $1 million Moon Base Student Challenge, inviting eligible high school and college students in the US to develop innovative solutions for building a permanent human settlement near the Moon's South Pole. The competition will focus on six areas, including power generation, construction, life-support systems and astronaut safety.
Tata Electronics directed to submit detailed Action Taken Report after deaths of three workers at treatment plant
Following the unfortunate deaths of three employees at their Effluent Treatment Plant, Tata Electronics has been ordered to undertake a detailed assessment of their safety protocols. The workers succumbed to toxic gas exposure while performing maintenance tasks. Tamil Nadu authorities are presently inspecting the plant for adherence to safety measures, with state officials voicing condolences and the imperative for immediate assistance to the bereaved families.
Apple to probe deaths of three workers at Tata's iPhone parts factory
Three workers at Tata Electronics factory died due to asphyxiation during maintenance work on a water tank. The incident occurred while the facility was closed for festive holidays, preventing any impact on production. Apple is currently conducting an investigation into the tragic event and its circumstances. Tamil Nadu's Industries Minister emphasized the importance of worker safety and dignity following the incident.
Three workers die at Tata's Apple iPhone components factory in Tamil Nadu: Report
Three workers died of asphyxiation during water tank maintenance work at a Tata facility manufacturing Apple iPhone components in Tamil Nadu on Tuesday, sources in the know of the matter told Reuters. The incident occurred at the company's facility in the southern Indian state.
India’s LNG buyers eye flexi deals to cut risks after Iran war hit Qatar supply
Indian LNG buyers are seeking more flexible long-term supply contracts after the Iran war disrupted shipments through the Strait of Hormuz and almost halted imports from Qatar. Gujarat Energy has signed a 10-year deal with ADNOC for 4 million tonnes of LNG from 2028, while Petronet LNG is negotiating to include US-sourced gas in its renewed 20-year contract with QatarEnergy.
European Union sues IBM and two European companies over troubled border system: Report
The European Union has initiated legal proceedings against IBM, Atos, and Leonardo for delays in the Entry/Exit System. EU-Lisa reported these delays occurred during the system's development, not affecting its operation. The consortium was awarded a contract in 2019 for implementation and maintenance. In a letter from October 2021, the companies contested a fine imposed on them. They cited external factors like the COVID-19 pandemic as reasons for the delays.
NSE factor indices in 2026: Alpha holds firm as other factors falter in 2026 so far
Welcome to TrendMap, your guide to the performance of different investment segments. In this edition, we present a 10-year performance tracker of various factor-based investment strategies. This map shows that no single-factor strategy consistently outperforms, making a strong case for diversification. By Sameer Bhardwaj.
Honasa Consumer shares climb 5% as Jefferies raises target price after Q2 show. Why is the brokerage bullish?
Honasa Consumer, the firm behind Mamaearth, saw a remarkable boost in its shares after revealing impressive quarterly earnings. The company recorded a nearly 87% increase in consolidated net profit for the September quarter compared to the same period last year. This surge in revenues marked the greatest growth since Honasa’s market debut. Jefferies has also upgraded its target price for the company, citing strong performance and promising future profitability.
Assam OIL facility fire: Death toll rises to four after injured worker dies
A fire incident at an Oil India facility in Dibrugarh, Assam resulted in four fatalities among workers. The blaze occurred during maintenance operations, leading to multiple injuries. Spectron Engineering Private Limited employed all the deceased workers, who were affected by the fire. The company is providing compensation to the next of kin and the injured individuals.
From Tata Tiago to Hyundai i20 and Harrier, Jodhpur company surprises employees with brand-new cars this Diwali
A Jodhpur-based education marketing agency, Mediagarh, surprised four employees with brand-new cars as Diwali gifts during its annual Sneh Milan 3.0 celebration on Dhanteras. The company gifted two Tata Tiagos, a Hyundai i20 and a Tata Harrier to employees in recognition of their performance and contributions. Continuing a tradition started two years ago, Mediagarh increased its car giveaways from one in the first year to four this Diwali.
NSE overhauls closing price discovery, changes F&O expiry settlement rules from December 7
The NSE has announced changes to the Closing Auction Session (CAS) in the equity cash segment and trading rules in the equity derivatives segment, effective December 7, 2026. In two circulars issued on November 6.
Four-time NBA champion Klay Thompson has reportedly made $180 million in 15 years: Here’s a look at his contract, salary and off-court earnings
Klay Thompson has amassed an impressive net worth of $180 million over his 15-year tenure in the NBA. Launching his professional career with the Golden State Warriors in 2011, he has since clinched four NBA championships. Beyond basketball, Thompson enhances his wealth through endorsements and sponsorships, collaborating with numerous brands. Additionally, he made a cameo in 'Space Jam: A New Legacy.
Do luxury townships really earn higher rents in Mumbai? Here's what buyers should check
Mumbai's luxury housing market is experiencing increased interest in residential townships. But buyers should consider various factors impacting rental yields before making investments. Evaluating the developer's track record and comparing resale potential are also crucial. Additionally, understanding maintenance charges related to townships can affect actual returns.
Pills are paying off! Pharma stocks lead 2026 rally with up to 112% return
In 2026, India's pharmaceutical stocks are making headlines with impressive year-to-date gains. This surge is driven by strong domestic demand alongside enhanced profitability from new product launches. Notable players like Laurus Labs and Gland Pharma have recorded remarkable returns, topping 100%. Amid challenges faced by other sectors, the pharmaceutical field demonstrates resilience. Analysts are optimistic but advise exercising caution regarding potential market volatility and the durability of this sector's performance.
Ripik.ai in talks to raise Rs 150 crore from Gaja Capital
The startup deploys its hardware and software systems at large manufacturing and industrial units, including cement and steel plants, using cameras, sensors and proprietary AI models to monitor equipment, materials and production processes. It counts Accel and Venture Highway (now merged with General Catalyst) among its existing investors.
US midterm election betting surges past $1.4 billion as Democrats score major wins
Betting on the 2026 US midterm elections has crossed $1.4 billion, putting prediction markets such as Kalshi and Polymarket to a major test. Strong Democratic gains have triggered sharp movements in election-related contracts, drawing attention to the platforms' growing influence. However, concerns over manipulation, insider trading and forecasting accuracy continue to challenge their credibility as political forecasting tools.
Ashish Kacholia-owned Knowledge Marine shares jump 4% on Rs 303 crore order win; stock up 67% in 2026
Knowledge Marine shares gained 4.17% after securing a Rs 303.17 crore, three-year maintenance dredging contract from New Mangalore Port Authority. The company also announced a November 6 record date for its five-for-one stock split.
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