SACHIN
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.
Prosus widens India fintech play after years of consumer internet bets
The Amsterdam-listed technology investor is also close to investing in artificial intelligence-led credit management startup Oolka, people familiar with the matter said. Prosus evaluated credit-on-Unified Payments Interface (UPI) startup Kiwi in October and savings platform Jar in 2025 before deciding not to invest. Prosus declined to comment on specific deals.
BPO jobs on a seesaw as bots call the shots
Voice AI is driving call centres even as hiring grows, but the shift towards complex tasks leaves freshers scrambling for a new career ladder.
Jewellers report brisk Dhanteras sales as gold price drop lures buyers; volumes seen flat
Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).
Dhanteras expected to generate over Rs 1 lakh crore in business across India: CAIT
Dhanteras is expected to generate over ₹1 lakh crore in business across India, with gold and silver sales estimated to exceed ₹60,000 crore, according to the Confederation of All India Traders (CAIT).
Gold gets its festive groove back in India as prices cool from record highs
India’s gold jewellery demand is picking up in the October-December quarter as lower prices and the wedding season draw buyers back to stores, with footfalls and purchase conversions improving, according to Crisil Ratings. However, consumers are favouring smaller purchases, including coins and bars.
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India-Sri Lanka 1st ODI shifted from Delhi to Visakhapatnam
The first ODI match between India and Sri Lanka will take place on December 13, 2026. The venue has been changed from Delhi to Visakhapatnam due to renovation works and weather concerns. Following the first match, the second ODI will occur in Bengaluru on December 16. The third ODI is scheduled for December 19 in Ahmedabad, both matches starting at 2 pm.
PM Modi interacts with Indian para-athletes after historic 114-medal haul at Asian Para Games 2026
Prime Minister Narendra Modi met Indian para-athletes to congratulate them on their record medal haul at the Asian Para Games 2026. India achieved a historic total of 114 medals, surpassing its previous record from the last edition. Notable performances included victories in para-badminton, para-archery, and track and field events, showcasing the athletes' exceptional skills.
'Gold’s rally is not just about wars, it’s fundamentally linked to $40 tn US debt': WGC India CEO Sachin Jain
World Gold Council India CEO Sachin Jain said gold’s rally is driven by rising US debt, de-dollarisation and central bank purchases, rather than geopolitics alone. He expects strong Indian demand during Diwali and recommends allocating 10-15% of financial assets to gold. Over the next five years, technology, tokenisation and blockchain could make gold more accessible, transparent and easier to trade.
Gold price correction to lift Dhanteras sentiment, but sales volumes likely to remain flat: Jewellers
The decline in gold prices is expected to boost demand this Dhanteras, All India Gem and Jewellery Domestic Council (GJC) Chairman Rajesh Rokde told.
'Mann smelled of alcohol in Parliament by 11 am', Rahul Gandhi launches all-out attack on AAP at Sangrur rally
Rahul Gandhi launched a campaign rally in Sangrur where he criticised Chief Minister Bhagwant Mann and Aam Aadmi Party for failing to address drug issues. He recalled earlier discussions about Punjab's drug crisis and asserted that AAP made promises but has not delivered results. Gandhi also expressed his disdain for BJP's tactics in Parliament, challenging Prime Minister Modi to debate openly on national issues.
Virat Kohli surpasses Sachin Tendulkar for most runs while chasing in ODI history
Virat Kohli recorded a significant milestone by surpassing Sachin Tendulkar for the most ODI chase runs. He scored 74 runs in a rain-affected match against New Zealand, helping India win easily. Kohli also levelled with Ricky Ponting for the most runs against New Zealand in ODIs, marking his dominance in the format. Additionally, he became the first player to reach 13,000 runs batting at number three.
Premji's deeptech bets; Razorpay gets IPO nod
Happy Thursday! Premji Invest is stepping up its bets on defence and aerospace manufacturing.This and more in today’s ETtech Morning Dispatch.
Apple’s robust India quarter; Giva’s $100 million funding
Apple posted record sales in India in the September quarter. This and more in today’s ETtech Top 5.
Listed realty firm Phoenix Mills Ltd appoints Parveen Mahtani as group legal head
An alumna of Government Law College (GLC), Mumbai, Mahtani began her career at the law firm Desai & Diwanji as an associate, then joined another firm, Nishith Desai Associates. In 2005, she moved to an in-house role and joined IL&FS Trust Company Ltd. as legal head for the debt recovery division.
Sachin Tendulkar takes significant minority stake in Hitwicket maker Metasports Interactive
Sachin Tendulkar has acquired a minority stake in Metasports Interactive, the company behind Hitwicket. He will serve as the brand ambassador and a playable character in the game. Metasports aims for 100 million downloads in three years as it has 20 million currently. The game revenue has doubled in the past six months, with most revenue from in-app purchases.
Delhi ACP protests with 500 policemen, MHA suspends him next day: Who is Manasvi Vashistha, officer who fought against his transfer?
Delhi ACP Manasvi Vashistha received a suspension letter from the Ministry of Home Affairs a day after leading a protest at Police Headquarters against his transfer. Around 500 police personnel joined the demonstration following a confrontation between police personnel and lawyers at Shahdara police station on October 23.
Indians refuse to cash in on gold in their lockers hoping for a better price
India’s gold demand is expected to fall to a six-year low of around 650 tonnes in 2026 as record prices, rising living costs and a weak monsoon weigh on jewellery purchases and investment, according to the World Gold Council (WGC).
India's 2026 gold demand seen falling to six-year low on price rise: World Gold Council
India's gold demand is expected to fall to a six-year low of around 650 tonnes in 2026 as record-high prices, rising living costs and a weak monsoon weigh on jewellery purchases and investment demand, the World Gold Council (WGC) said.
Market Trading Guide: Tata Steel among 5 stocks to buy on Tuesday for healthy returns
Indian equities experienced a strong start to the week, bolstered by better than expected Q2 earnings. Improved domestic macro indicators contributed to the positive sentiment among investors and traders. Increased passenger vehicle sales and gross GST collections reflected resilience in domestic economic activity. Several stock recommendations were highlighted for Tuesday, suggesting potential upward movements. Analysts shared technical insights indicating opportunities for buying various stocks in the current market.
Missed Reliance Industries’ historic 12% one-day rally? Here’s what technical analysts are saying
Reliance Industries experienced a remarkable increase in share price after reporting impressive Q2 earnings, which significantly boosted its market capitalization. The firm’s net profit surged by 41% year-over-year, fueled by strong performances in its oil-to-chemicals and digital services segments. Analysts express optimism, with several brokerages setting ambitious target prices. Current technical indicators also reveal a favorable price trajectory, suggesting room for further growth following this positive oil sector performance.
Indian stocks may recover on steady growth and earnings, Axis AMC says
Indian stocks are expected to recover in the financial year due to strong earnings and economic growth. The Nifty 50 index has decreased significantly after years of gains, partly due to global issues. The fund manager emphasizes that foreign fund outflows do not indicate a decline in India's growth prospects. Certain sectors like AI, energy, and domestic manufacturing are highlighted for potential investment.
King first song out: Shah Rukh Khan, Deepika Padukone set screens on fire. But Arijit Singh and Ed Sheeran's collab takes over the internet
Shah Rukh Khan has released the first song from his upcoming movie King, celebrating his birthday. The song, featuring Deepika Padukone, is titled Tu Mil Jaaye and includes vocals by Arijit Singh and Ed Sheeran. Directed by Siddharth Anand, King is set to release in cinemas on December 24, 2026. Read on!
CCI clears Prosus' proposal to acquire stake in Sachin Bansal-led Navi
Competition Commission of India has approved Prosus' acquisition of a stake in Navi Ltd. This move aims to enhance Prosus' position in India's digital financial services market. MIH Payments Holdings BV, part of Prosus, will acquire certain shareholding in the fintech firm. Navi Ltd provides various financial services, including loans, insurance, and digital payments. This investment marks a significant milestone in Navi's growth after securing USD 100 million from Prosus.
Anirudh Ravichander steps down from Shah Rukh Khan's King. Why did the music composer exit the project?
Shah Rukh Khan is set to headline the much-anticipated action thriller King, which is helmed by the talented Siddharth Anand. With a release date locked for December 24, 2026, the film boasts a stellar cast. Recently, composer Anirudh Ravichander has reportedly stepped away from the project. Read on to know what actually happened.
CCI clears five major deals across food, energy, fintech and telecom sectors
CCI has granted approval for five significant business transactions in sectors like food services and renewable energy. The merger of Sapphire Foods India Limited with Devyani International Limited aims to combine their restaurant operations in India. Aditya Birla Renewables Limited is set to acquire Solenergi Power Private Limited from Shell for approximately Rs 17,200 crore. In financial services, Prosus N.V.
CCI approves Adani acquisition of Intellismart
Adani Energy Solutions has received approval to acquire IntelliSmart Infrastructure, establishing a major presence in smart meters. This acquisition will help expand the Adani Group's operations in digital grid modernization efforts. The Competition Commission of India also approved other significant acquisitions in various sectors, highlighting ongoing consolidation in the market. Notable approvals include investments in telecom and quick-service restaurants, enhancing industry efficiency.
Hinduja Housing Finance appoints Vivek Kannan as CEO, takes over from managing director Sachin Pillai
Vivek Kannan has been appointed as the chief executive officer of Hinduja Housing Finance Limited. He succeeded Sachin Pillai, who stepped down but remains on the board as a non-executive director. Kannan joined the company as Chief Operating Officer in 2020 and contributed significantly to its growth and transformation. With over two decades of experience, he has held leadership roles in various financial institutions.
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