PERIOD
Karnataka's alcohol-content tax cuts consumption 2.4%, boosts revenue 13.4%
Karnataka's introduction of alcohol content-based taxation has led to a 2.4% reduction in per capita alcohol consumption. During this period, tax collections increased by 13.4%, indicating successful revenue generation. The shift resulted in a rise in beer and wine sales, which accounted for 45% of total alcoholic beverage sales. Furthermore, manufacturers of Indian-made foreign liquor have adjusted their products to lower alcohol content.
Techie quits job after 9 months, company demands Rs 90,000 in training fees; final salary also delayed
A software developer shared his challenging resignation experience in a Reddit post. He claimed his former company demanded Rs 90,000 in training fees. Despite completing his notice period and responsibilities, his final salary was delayed. The company's development team significantly shrank during his employment, raising concerns.
Nippon India Mutual Fund dominates volumes in gold & silver ETFs during Diwali 2026 with 55% market share
Nippon India Mutual Fund's Gold BeES and Silver ETF together accounted for 55% of the average daily trading turnover across gold and silver ETFs during Diwali 2026. Gold BeES commanded a 54% share of category volumes, while Nippon India Silver ETF held 57%, highlighting strong trading activity in both products.
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.
Delhi's air woes drive demand for hill getaways, resort stays
Hotels and alternative accommodations are reporting increased bookings from Delhi as air quality deteriorates. Popular destinations for travelers include the hills for cleaner air and cooler weather. Younger travelers are opting for short getaways to leisure destinations nearby. Remote workers are also seeking overseas trips during this polluted period. Overall, there is a noticeable rise in demand for escapes from the city.
Festive online sales hit Rs 1.4 lakh crore, up 17%, but miss forecasts
The season had been expected to hit a record Rs 1.50-1.55 lakh crore in GMV, up 25-29% from last year. GMV is total value of goods sold by marketplaces before discounts and returns. The festive sale period started on October 8 with the flagship events of Amazon and Flipkart followed by multiple micro-events until Diwali, which fell on November 8.
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Quick commerce delivers huge festive triumph for D2C brands
Beauty brand Pilgrim and healthy snacks brand Open Secret both doubled their sales year-on-year (YoY) during the festive period, driven by purchases on quick-commerce platforms.
India's net direct tax collections rise 11.8% to Rs 14.42 lakh crore from April 1 to Nov 10
India's net direct tax collections recorded an increase of 11.76% to reach Rs 14.42 lakh crore. Gross direct tax collections rose by 14.02%, boosting receipts to Rs 17.50 lakh crore. Corporate tax collections grew by about 17.84%, amounting to Rs 6.32 lakh crore. Non-corporate tax collections saw a rise of 5.30%, increasing to Rs 7.56 lakh crore. Direct tax refunds increased significantly, reaching Rs 3.
China's rare earth export value surges 46.4% to $584.3 million despite decline in volumes
China's exports of rare earth ores and metals increased significantly in value during the January to October 2026 period. Despite the value increase, export volumes saw a decline of 8.7 percent in the same timeframe. China's export value for refined petroleum products also rose sharply, while quantities fell slightly during these months. In contrast, the export of fertilizers experienced a notable decline both in value and volume.
Ashoka Buildcon shares rally 14% after securing Rs 866 crore NHAI contract for Vadodara-Mumbai Expressway
Ashoka Buildcon's shares surged after securing a significant NHAI contract for the Vadodara-Mumbai Expressway. The company will complete the construction work on the Karvad-Jujuwa section with an 18-month execution timeline. The contract is valued at Rs 865.90 crore, excluding GST, with a 10-year defect liability period. Additionally, the firm's Q2 profit and total income both increased slightly compared to the previous year.
11/11 Portal 2026: Born on These 5 Dates? You May Experience Spiritual Awakening and Major Personal Transformation
The 11/11 Portal 2026 is associated with spiritual awakening, heightened intuition and personal transformation. According to numerology, people born on 7, 11, 9, 22 and 2 may find November 11 particularly meaningful. Discover what these five birth dates symbolise, how the Universal Year Number 1 and Number 5 influence the date, and what you can manifest during this period.
US H-1B grace period proposal draws 31,383 comments as job-loss concerns grow
A Trump administration proposal to eliminate the 60-day grace period that allows laid-off H-1B visa holders to find new jobs in the United States has drawn more than 31,000 public comments, as the deadline for submissions approached.
Cochin Shipyard net profit falls 50% to Rs 54 crore in Q2
Cochin Shipyard Ltd reported a 50% decline in consolidated net profit for the September quarter of FY27. The company's net profit fell to Rs 53.77 crore compared to Rs 107.52 crore a year earlier. However, total income increased to Rs 1,331.81 crore from Rs 1,245.88 crore during the same period. Total expenses also rose to Rs 1,256.71 crore compared to Rs 1,095.97 crore previously.
India's unemployment rate falls to 5.1% in July-September as rural joblessness declines
India's unemployment rate saw a decline to 5.1% from 5.4% in the prior quarter. The decrease in unemployment primarily occurred in rural areas, where it fell to 4.3%. The survey indicated that more individuals were either working or seeking jobs during this period. Women's employment participation also improved, rising to 34.7% from 33.2%. The overall employment figure reached approximately 57.9 crore individuals in India.
Sanjay Gandhi was man in a hurry, played significant role in decision-making during Emergency: Sonia
In her insights, Sonia Gandhi discusses Sanjay Gandhi's pivotal role during the Emergency from 1975 to 1977. She highlights the repression of political opposition and the erosions of civil liberties that defined this era. Sanjay’s ambitious strategies, particularly in family planning and urban development, ignited public backlash against the regime.
Tata Projects subsidiary CEO Shashank Shekhar Jha tenders resignation
Shashank Shekhar Jha resigned from his position as CEO of Artson Engineering to explore new career opportunities. He reflected on his four-year leadership as one of the most rewarding experiences of his career. Jha expressed gratitude to his team and assured a smooth transition during the notice period. Artson Engineering Ltd experienced a drop in share price following the announcement of his resignation.
France eases job-loss rules for foreign workers, cuts residence permit processing time
France has introduced significant immigration changes from October 30, 2026, giving foreign workers more time to find new jobs after unemployment and reducing residence permit processing timelines. Under the revised rules, Temporary Worker permit holders get three months to secure new employment, while EU Blue Card holders get six months without immediately losing their residence status.
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.
Festive shopping: Home, kitchen products drive 81% jump in D2C sales to Rs 1,328 crore
Home and kitchen product sales surged 81% year-on-year during the pre-Diwali shopping period in India. Gross merchandise value reached an estimated ₹1,328 crore from October 21 to November 5. Consumers showed increased spending on household appliances, water purifiers, and kitchenware, reflecting changing priorities. Traditional categories like fashion and gifting also experienced notable growth during this time. However, health and wellness product sales decreased as budgets shifted towards festive purchases.
Ranabaali OTT release date confirmed: When and where to watch Vijay Deverakonda, Rashmika Mandanna's Telugu period action movie. Check language versions
Ranabaali is gearing up for the digital debut, following its theatrical release last month. The film stars Vijay Deverakonda and Rashmika Mandanna, marking their first project together since their marriage. Directed by Rahul Sankrityan, it features a narrative set in pre-Independence India, talking about the fight against British colonialism. The film will be available in multiple languages.
NFL Trade Deadline 2026: Date, End Time, Biggest Rumors and Top Contenders who could make blockbuster moves
As the clock ticks down toward the 2026 NFL trade deadline on November 10, teams like the Buffalo Bills and Kansas City Chiefs are busy analyzing potential trades to bolster their lineups. Notable names like Jonathan Taylor, Tony Pollard, and Calvin Ridley are at the center of negotiations. With the playoffs in sight, the moves made in these crucial hours could reshape the competitive landscape.
Health insurance claims: How the moratorium clause protects you after five years
Cutting through money jargon, one topic at a time. This week, Preeti Kulkarni explains how the moratorium clause in health insurance protects policyholders against arbitrary claim rejections. The moratorium period is calculated based on the number of years of continuous coverage. So, if you port your policy to another insurer, the moratorium clock does not get reset -- you do not lose the benefit of the period already served.
Delhi AQI at 3,000 or 300? Why different apps are showing different pollution levels
Delhi's air pollution readings have sparked confusion as government and independent monitoring platforms report sharply different AQI figures, ranging from the 300s to over 3,000. Differences in AQI calculation methods, averaging periods, monitoring networks and sensor technology explain why apps show varying numbers. Here's why Delhi's AQI readings differ and how PM2.5 levels can provide a clearer picture of air pollution.
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.
Employees' body seeks uniform MACP benefits for staff who refused promotion
The Government Employees National Confederation (GENC) is seeking clarity from the Department of Personnel and Training regarding the MACP rules. GENC argues that a refusal of regular promotions should not equate to an indefinite denial of financial upgradation. Citing Central Administrative Tribunal judgments, the confederation calls for consistent rule implementation across ministries and requests a review of pending cases affecting eligible employees.
24-hour period to produce before magistrate starts with detention, not formal arrest: SC
The Supreme Court ruled that the 24-hour period for presenting an accused to a magistrate starts with actual detention. This ruling clarifies that delays in formal arrests cannot violate constitutional protections. A recent case involved four individuals arrested under the NDPS Act with an unreasonable delay before appearance in court. The court emphasized the importance of safeguarding fundamental rights during detention and investigations.
US Midterm Poll Results: Why Alaska may have to wait over a week for winners; two major factors behind the delay explained
The US midterm elections in 2026 resulted in substantial Democratic victories in the Senate and House. In Alaska, final election results will be delayed due to geographical challenges and ranked choice voting procedures. This state is notably the largest and most remote, impacting ballot delivery times. Ranked choice voting requires candidates to gain a majority of votes, extending the counting period.
Agniveers' tenure extended by two years; CDS says 75% outgoing Agniveers will also be given option to continue in armed forces
Agniveer extension news: The Centre has announced a two-year engagement extension for the remaining 75% of Agniveers following feedback on the Agnipath scheme. CDS General N S Raja Subramani said all would be offered a pathway to regular enrolment after the extended period. He also announced changes to recruitment tests and skill certificates for Agniveers.
Govt set to tweak MSP norms for periodic price hikes of minor forest products
The Centre is planning to restructure the minimum support price mechanism for minor forest produce. This change aims to provide periodic hikes to benefit tribal communities relying on forest produce. TERI has been tasked to study the current MSP framework and assess potential rationalization. Concerns regarding stagnant MSP rates sparking exploitation among forest-dependent communities have been raised in parliamentary discussions.
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