PRODUCT ISSUES
FSSAI seizes food products worth Rs 81.8 crore, suspends over 1,100 licences in nationwide drive
FSSAI seized 3,279.57 metric tonnes of food products worth an estimated Rs 81.80 crore and suspended 1,133 licences during a nationwide inspection drive covering 56,431 establishments between September 1 and November 5. The regulator also cancelled 52 licences, sealed 314 establishments and initiated 410 prosecutions over food safety violations.
Sweet trouble this Diwali: Rs 82 crore worth of food, 1,185 licences come under FSSAI scanner
FSSAI conducted a nationwide inspection drive from September 1 to November 5 to check food adulteration. During this period, more than 3,000 tonnes of non-compliant food products were seized across India. The regulator canceled 52 licenses and suspended over 1,000 licenses in response to violations. Additionally, 10,047 improvement notices were issued to food business operators across various establishments.
10,000 notices, 1,133 suspended licences and 3,279 tonnes of seized food: FSSAI's nationwide crackdown exposes food safety violations across India
FSSAI has inspected more than 56,000 food establishments across India as part of a nationwide food safety enforcement drive. The exercise resulted in 10,047 improvement notices, suspension of 1,133 food licences and seizure of 3,279.57 metric tonnes of food products worth an estimated Rs 81.80 crore. Authorities also collected 43,939 food samples, with 2,273 found to be non-compliant.
Amazon return refund lawsuit claims: Jeff Bezos' company to pay $309.5 million to Americans soon; check eligibility, deadline and more
Amazon is facing a $309.5 million settlement for not properly issuing refunds to customers. Shoppers who requested refunds between specified dates may be eligible for compensation. The settlement includes Subclass A, receiving automatic payments, and Subclass B, which requires filing a claim. Claimants must provide detailed order information and meet deadlines to secure their payments. The final settlement approval hearing is set for March 16, 2027.
Coca-Cola’s India bottling arm files draft papers for Rs 9,500 crore IPO
Hindustan Coca-Cola Holdings plans to conduct an initial public offering through an offer for sale of equity shares. The proposed IPO is expected to raise around $1 billion, aiming for a valuation of $10 billion. Coca-Cola Company and Jubilant Bhartia Group hold significant stakes in the company after a recent stake sale. The IPO proceeds will benefit the promoter selling shareholder with no funds directed to Hindustan Coca-Cola Holdings.
Assam OIL facility explosion: Death toll rises to two, 3 critical
In a devastating explosion at the Intermediate Tank Farm of Oil India Limited in Dibrugarh, two workers lost their lives, and numerous others were injured while performing maintenance tasks. Among the deceased was Tapas Jyoti Gogoi, who tragically succumbed to severe burns. Those injured received initial care at a nearby medical college but were later transferred to a private hospital, with three still in critical condition as the investigation proceeds.
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Tesla Cybertruck hits a dead end: Elon Musk's futuristic EV launched 4 years after unveiling, sold only 10% of his target, with its biggest buyer being another of the billionaire's companies
Elon Musk revealed that Tesla will halt Cybertruck production at Gigafactory Texas around mid-2027. The Cybertruck sold only 20,237 units last year, far below Musk's expectations of 250,000 units annually. Multiple delays and recalls significantly impacted the Cybertruck's journey since its unveiling in November 2019. Tesla plans to increase production of the Cybercab as part of its future strategy.
Nicki Minaj’s own lawyers want to quit her case, and a process server at her $10 million penthouse was told the couple tend not to answer their phones
Nicki Minaj is locked in a legal battle with 24/7 Productions over unpaid expenses. Her legal team, Kurzman Eisenberg Corbin & Lever, has sought to withdraw from representing her, citing serious communication hurdles and irreconcilable differences. Serving legal documents has proven difficult due to Minaj's limited responsiveness. A decision from the judge on the law firm’s withdrawal is still pending.
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.
Sugar production rises to 12.85 lakh tonnes, 184 mills begin operations: ISMA
Sugar production during the current season has reached 12.85 lakh tonnes, against 3.20 lakh tonnes produced by the corresponding date last year.
A billionaire couple donated $50 million to UC Davis for agricultural research; in 2026, a 34,000-square-foot center opened in California
At the forefront of agri-tech innovation, the Resnick Center at the University of California, Davis, drives agricultural advancement with a strong focus on sustainability and research. Fueled by generous donations, it strives to elevate farming practices and enhance crop resilience. Current projects aim at transforming agricultural waste into valuable resources, thereby reducing ecological footprints.
Audi may boost size of new US auto plant by $3 billion, add 3,000 jobs
Audi's plans to construct a $4 billion assembly plant in Macon, Georgia, are underway, aiming to produce 200,000 SUVs each year. This venture is projected to generate approximately 4,500 jobs for the community. Supported by generous state incentives and a request for US tariff relief, construction could kick off in the early 2030s, paving the way for future expansions.
FDA flags persistent data-integrity lapses, insanitary conditions at Indian drug facilities
The US FDA continues to identify serious data integrity issues in Indian pharmaceutical manufacturing facilities. During inspections, inspectors found discarded documents related to key manufacturing processes, highlighting compliance concerns. To ensure safe medicines, drugmakers are urged to scrutinize their supply chains and monitor suppliers effectively. Additionally, human errors contributed significantly to production incidents, affecting operations and batch release timelines.
Demat account additions hit 9-month high in October as IPO boom draws investors
In October 2026, new demat account additions reached a nine-month high, driven by strong IPO activity. NSDL and CDSL reported adding nearly 3.36 million accounts during the month. The total number of demat accounts at the end of October was approximately 244 million. The increase in account openings was mainly influenced by the successful launch of several public issues.
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.
Centre issues advisory to states to boost fodder production, livestock infra under VB-G RAM G
The Centre has issued an advisory to states and Union territories to improve fodder security and livestock infrastructure. This advisory promotes convergence under the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission Act, 2025. It identifies 22 permissible works supporting fodder cultivation, livestock shelters, and veterinary health facilities. States are encouraged to increase expenditure on these works while aligning with local development priorities.
Sitaram Denims India files IPO papers with Sebi
Sitaram Denims India Ltd plans to launch an initial public offering with two components. The IPO includes a fresh issue of equity shares and an offer for sale by promoters. Proceeds from the fresh issue will be used for various purposes including repayment of borrowings and working capital requirements. The company aims to set up a new garment manufacturing facility in Bhilwara to expand capacity.
Bombay Coated & Special Steels shares to list today; GMP points to 10% listing premium
Bombay Coated & Special Steels is set to list on November 5, 2026, with a 10% grey market premium following 63.89 times IPO subscription. The Rs 183.06 crore issue aims to reduce debt, fund equipment acquisitions and support corporate requirements, backed by steady financial growth.
Woman seeks Rs 50,000 compensation from Gillette India, alleges women pay up to five times more for razors; consumer commission issues notices to top executives
The District Consumer Disputes Redressal Commission has issued notices to Gillette India Ltd regarding discriminatory pricing practices. Shipra Mathur alleges that women's razors are priced four to five times higher than men's razors. Counsel Inder Mohan Singh states that this constitutes unfair trade practices under the Consumer Protection Act. The complainant seeks directions to prevent such pricing and claims compensation for mental distress.
BMW Q3 profit falls 15% as China competition weighs
BMW reported a 15% year-on-year decline in third-quarter net profit to 1.45 billion euros, a day after issuing its second profit warning of 2026. Intensifying competition from Chinese automakers, rising costs and weaker demand in China are weighing on the German luxury carmaker. Its vehicle deliveries in China plunged 24.8% during the quarter, while global deliveries fell 6.3%.
Sugar prices jump Rs 4/kg in a month, rise Rs 12-13 over year despite supply steps
Sugar prices in India have risen significantly over the past month in both retail and wholesale markets. Retail prices have now reached Rs 59.50 per kg while wholesale prices stand at Rs 55.40 per kg. Kolkata has the highest retail price at Rs 65 per kg followed closely by Delhi at Rs 64. The government is implementing measures to manage supply, including stock limits and imports. India produced 8.
Canva layoffs: Affected staffers to get 6 months’ pay, a MacBook, and $10,000 to start up
Canva has announced significant changes that will impact around 1,271 team members, driven by a downturn in revenue growth. To improve project management and empower decision-making, teams will be consolidated. From January, employees will need to work in the office two to three times a week. A support package will provide generous severance, healthcare benefits, and career assistance, alongside a grant program to help exiting employees pursue new career paths.
BLS Polymers shares rally 6% after strong stock market debut
BLS Polymers shares extended their strong debut gains, rising nearly 6% on Wednesday after listing at a 65% premium to the IPO price. The issue received 241 times subscription, while the company reported higher income and profit in FY26.
M.K. Sons Fine Jewels shares list at 6% premium over IPO price
M.K. Sons Fine Jewels made its stock market debut at a 6% premium over its IPO price. The company raised Rs 275.40 crore through its initial public offering, which saw high investor interest. Shares opened at Rs 171 compared to the issue price of Rs 162, indicating strong demand. The company's financial performance showed significant growth, with income rising to Rs 539 crore in FY26.
India has never allowed import of GM products, will never open dairy sector: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasized India’s commitment to safeguarding its dairy sector from free trade agreement pressures. He reiterated the nation's opposition to imports of genetically modified products, considering them sensitive. Goyal mentioned efforts to unlock new employment opportunities and promote domestic agriculture for competitive exports.
How digital distribution shifts the balance of power towards the customer
The insurance sector grapples with pressing issues like mis-selling and customer complaints, which hinder the efficacy of policies. However, digital platforms offer improved transparency, enabling consumers to make well-informed choices about their coverage options. By comparing policies, customers not only save on premiums but also gain better insights into their coverage. Additionally, digital channels simplify grievance resolution, fostering easier interactions with insurers.
Stellar Start! BLS Polymers shares list at 65% premium over IPO price
BLS Polymers' Rs 255-crore IPO received 241 times subscription, with strong demand across investor categories. Ahead of its November 3 listing, the issue commanded a 45% grey market premium, indicating expectations of strong listing gains.
Wiscon Industries SME shares to list today: Check subscription status and key detail
Wiscon Industries will debut on the BSE SME platform on November 3, 2026, following its Rs 110-crore IPO, subscribed 88% overall. The Delhi-based consumer electronics supplier plans to use proceeds for subsidiary expansion, working capital and marketing. Its revenue surged to Rs 73.39 crore in FY26, reflecting rapid business growth.
Vedant Poly Fabs SME IPO opens today; GMP at 16%, check key details
Vedant Poly Fabs’ Rs 56.68-crore IPO opens for subscription today on the NSE SME platform, with a 16% grey market premium indicating a potentially positive listing. The company plans to use the proceeds for working capital, debt repayment and manufacturing expansion.
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