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'A beautifully American story': El-Sayed's historic Senate victory resonates with Muslim Americans
Abdul El-Sayed's recent election to the U.S. Senate signifies a notable milestone for American Muslim political engagement. Despite facing anti-Muslim rhetoric during the campaign, he won support for his policies and values. His victory is viewed as a rejection of hate and discrimination against Muslim Americans. Residents of Dearborn expressed pride in seeing an individual representative of their community elected to office.
Anthropic is rapidly accelerating AI development amid slowdown calls, outside research group says
Anthropic invited researchers from the Berkeley, California-based nonprofit, Model Evaluation and Threat Research, to review its internal data and interview staff as it prepares for its Wall Street debut with debate swirling over the potential for AI models to elude human control with catastrophic consequences.
ArcelorMittal reports USD 391 million loss in July-Sept quarter
ArcelorMittal reported a net loss of USD 391 million for the September quarter due to rising energy costs. The company's sales increased to USD 16,466 million while steel production saw a slight rise. Adjusted net income grew to USD 0.9 billion, indicating improvement in earnings capacity over time. AMNS India, its joint venture with Nippon Steel, also reported increased EBITDA for the same period.
Mega millions jackpot: Top 10 biggest jackpots revealed as New Jersey ticket wins $847 million prize. Check here
A single ticket sold in New Jersey won the $847 million Powerball jackpot in the November 4 drawing, making it one of the 10 biggest prizes in Powerball history. Check the latest lottery Powerball winning numbers, find out how much the winner could take home, and see where the $847 million jackpot ranks among the lottery's biggest wins.
Rs 40,000 crore in 13 days! Is the great FII reversal finally here to save Nifty bulls?
Foreign institutional investors have pumped nearly Rs 40,000 crore into Indian equities in 13 trading sessions, raising hopes of a sustained reversal after months of heavy selling. Falling crude oil prices, improving corporate earnings, attractive valuations, a weaker dollar and expectations of an LTCG tax cut are driving the renewed optimism.
Trump hits a midterm wall: Past precedents & impact on India
The Democrats are expected to take control of both chambers of the US Congress after recent elections. This shift may disrupt Donald Trump's presidential agenda for the remaining two years. Additionally, the issuance of H-1B visas for Indians significantly decreased due to a recently imposed fee levy. Indian exports to the US saw fluctuations, closing at slightly positive growth figures.
SpiceJet’s meltdown: Rs 5,500 crore raised, but where did the money go?
SpiceJet's mounting financial crisis raises serious questions over the fate of more than Rs 5,500 crore raised in recent years, its unpaid dues, operational collapse and regulatory oversight. Despite repeated capital infusions, the airline faces mounting losses and possible bankruptcy, while questions persist over fund utilisation, management accountability and aviation safety.
US midterm elections 2026: Trump is ducking blame for Republican losses. It's a familiar pattern for him
Republicans suffered significant losses in the midterm elections, resulting in Democrats gaining control of Congress. Donald Trump downplayed his responsibility for these defeats, stating he was not on the ballot. While voters expressed dissatisfaction with Republican candidates, Trump insisted his presence would have led to a victory. The former president has a history of avoiding accountability for various outcomes during his political career.
US midterm elections: China says it will continue working with America
China has reacted carefully to the Democratic Party's gains in the recent US midterm elections. The Chinese Foreign Ministry stated that it remains committed to cooperation with the US despite political changes. Chinese President Xi Jinping and US President Donald Trump have met twice this year to enhance strategic stability. Beijing is also discussing a potential trilateral meeting with the US and Russia at the upcoming APEC summit.
Progressive Abdul El-Sayed and Republican Mike Rogers duel for key Michigan Senate seat
Abdul El-Sayed and Mike Rogers are competing in a crucial Senate race in Michigan, which may influence Senate control. El-Sayed is promoting a progressive agenda, including universal healthcare, while trying to unite various community divisions. Rogers, aiming for redemption after a narrow prior loss, faces challenges without Trump's support on the ballot. The race has drawn substantial advertising funds and intense scrutiny.
US intelligence sharing has fractured under Trump, officials say
US intelligence sharing on Iran and other global threats has slowed or temporarily stopped under President Donald Trump, raising concerns about gaps in policymakers' understanding of national security risks. Tensions between the CIA and the Office of the Director of National Intelligence, staffing cuts and political interference have further weakened coordination across intelligence agencies.
Record-breaking FII selling may have peaked, says Nomura. Why the Nifty target could rise
FIIs may be nearing the end of their record selling spree in Indian equities as outflows ease, earnings beat expectations and valuations fall below post-pandemic averages, according to Nomura. Foreign investors sold around $8.8 billion since September 15, although the pace has moderated. Meanwhile, companies in Nomura’s BSE 200+ universe reported 34% year-on-year profit growth, beating consensus estimates by 18%.
Anthropic revenue up 12x in Q3, commits $895 billion spending
Anthropic has reported a remarkable twelve-fold increase in quarterly revenue, reaching nearly $17 billion. The company plans to invest over $895 billion in future computing infrastructure and costs. Despite substantial revenue growth, Anthropic faces a $23.3 billion net loss in the last quarter due to rising expenses. Additionally, AI pricing pressures have impacted revenue growth, resulting in lower earnings.
Zero-sugar drinks hit the sweet spot as sales double for PepsiCo and Coca-Cola in Sept qtr
During the July-September 2026 quarter, consumer demand for zero-sugar and low-sugar beverages significantly increased across India. PepsiCo reported that sales of its low-sugar drinks doubled, while Coca-Cola also experienced similar gains. Companies are prioritising the production of low-sugar beverages to meet the rising market demand.
Dixon Technologies shares gain 11% after Q2 revenue jumps 47% YoY
Dixon Technologies shares surged 11% after the company reported a 46.7% YoY rise in Q2FY27 revenue to Rs 21,794 crore. However, net profit fell 48.7% to Rs 343.7 crore, while EBITDA declined 37% to Rs 666 crore. EBITDA margin contracted to 3.1% from 7.1% a year ago, despite higher revenue and operating profit growth.
Vedanta Oil and Gas shares jump 14% in 2 days, m-cap swells by Rs 1,600 crore after Q2 results
Vedanta Oil and Gas shares jumped 6% on Monday after rallying 8.5% in the previous session, adding nearly Rs 1,600 crore to its market capitalisation. The gains followed a strong Q2 performance, with the company reporting a net profit of Rs 746 crore against a loss of Rs 91 crore a year ago, despite a sequential decline.
Lodha Developers rides housing boom in Q2, but keeps one eye on a bigger threat
Lodha Developers experienced a 10% rise in sales bookings, reaching Rs 5,037 crore in the second quarter. The company's pre-sales for the first half of the fiscal grew by 7% to Rs 9,670 crore. Lodha has set an ambitious target of Rs 24,000 crore in sales bookings for the current fiscal year. The company also reported a net profit increase of 28% to Rs 1,013.5 crore for the quarter.
MCD races against October 31 deadline to operationalise multi-lane free-flow toll system at 20 Delhi entry points
The Municipal Corporation of Delhi is installing a multi-lane free flow tolling system at major entry points. The aim is to ease traffic congestion and curb pollution at border plazas. After trial runs next week, the project will automate toll collection using RFID technology. The first phase targets 20 out of 154 toll points that handle a majority of city traffic.
Lodha Developers profit rises 28% YoY to Rs 1,013 crore in Sept quarter
Lodha has announced a remarkable 63% surge in net profit, reaching ₹2,386 crore for the first half of FY27. This growth is driven by impressive operational performance, with net profit for the September quarter rising by 28% to ₹1,013 crore and revenue climbing 18% to ₹4,468 crore. The company’s pre-sales also saw a 10% increase to ₹5,037 crore, alongside plans for expansion in NCR and Bengaluru.
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