Patanjali Foods Ltd stated that food safety officials collected Cow Ghee samples for testing, emphasizing that no authenticated report has confirmed quality standard violations.
Gold and silver prices have reached their lowest level in a year. On Comex, gold fell 7.26 per cent to close at $3,884.9 an ounce, while silver fell 19.1 per cent. In India, gold on MCX fell 7.16 percent to Rs 1,38,419 per 10 grams. A possible increase in interest rates and the strength of oil have put pressure on precious metals.
The Securities and Exchange Board of India (Sebi) plans to delist companies lacking economic activity to protect investors from penny stock risks. Sebi also intends to release new compliance guidelines for foreign institutional investors to align with global standards.
Saudi Aramco has acquired a 49 percent stake in AI firm Humain to accelerate its growth, while the Public Investment Fund retains the remaining 51 percent ownership.
Foreign portfolio investors withdrew Rs 34,843 crore from Indian equities in October amid global rate and crude price concerns, though they turned net buyers late in the month.
Investors are growing increasingly nervous over Big Tech's massive AI spending spree as S&P Global warns of trillions in data centre costs through 2030 and highlights hidden financial liabilities and complex intercompany debt structures.
According to the World Bank report, about 49.6 crore people have come out of poverty in India between 2011 and 2023. However, the report also raises concerns over wage inequality, geographical inequality and rising unemployment among youth.
Intel shares fell 28.58% to $65.76 following a weaker-than-expected forecast driven by an extended plant shutdown in Israel and PC market weakness. The sell-off erased about $12 billion from the US government's stake and $6 billion from Nvidia's stake.
US midterm elections could introduce fresh uncertainty regarding trade policies, tariffs, and government shutdowns, with Democrats holding high probabilities of gaining control of Congress according to an ICICI Bank report.
John Paul DeJoria, co-founder of John Paul Mitchell Systems and Patrón, reflects on his journey from two periods of homelessness to billionaire status, emphasizing his commitment to philanthropy through the Giving Pledge and his personal foundation.
Grameen America provides affordable loans, financial education, and community support to empower underserved women entrepreneurs, notably expanding its impact through a partnership with Jennifer Lopez and new multi-million dollar fundraising campaigns.
Chopper operators on Char Dham routes threaten to suspend services from Monday over the DGCA's mandatory twin-pilot rule, citing unviable operating costs following a fatal crash.
India's gross GST collections rose 22.9% year-on-year to Rs 2.31 lakh crore in October, driven by a sharp 42.2% increase in import-related revenue and steady domestic growth.
The Nasdaq 100 faces a potential $2 trillion market value loss as investors grow skeptical of the timeline for AI investment returns. Rising capital expenditures by Big Tech firms and increased reliance on debt are fueling market pressure.
Reliance Industries' oil-to-chemicals (O2C) segment achieved record quarterly EBITDA of ₹25,203 crore, fueled by high refining margins and global supply constraints linked to Middle East conflict.
Finance Minister Nirmala Sitharaman cited a World Bank report showing rapid poverty decline in India. Simultaneously, she defended the government's decision to sell a 60.72% stake in IDBI Bank to Fairfax Financial Holdings against opposition from Rahul Gandhi.
The termination of the Veterans Affairs Servicing Purchase (VASP) program has led to significant mortgage payment hikes for over 15,000 veterans. NPR reports that many now face monthly increases exceeding $1,000, leaving them with limited options for financial relief.
Jio Platforms reported a 13.7% YoY profit increase to Rs 8,389 crore for Q2 FY27. The company added 9.1 million subscribers, reaching a total of 542.4 million, while ARPU rose to Rs 218.8 amid strong data traffic growth.
The Reserve Bank of India has ordered banks to enhance cybersecurity and audit API security following a surge in cyberattacks. The regulator is specifically targeting vulnerabilities in connections with fintechs and risks posed by AI-driven hacking tools.
India's NSE Nifty50 faces its worst annual performance in over a decade with a 13% drop, though oversold conditions in October spark hopes for a short-term recovery in November.
India's government will hold talks with liquor companies, including Diageo and Pernod, following industry alarm and a federal investigation into bulk Scotch imports under the India-UK trade pact.
Coinbase CEO Brian Armstrong expressed skepticism toward traditional philanthropy on a podcast, citing fears of ideological capture. His views contrast with billionaires like MacKenzie Scott and Melinda French Gates, who donate billions.
Assam's agarwood industry received a major boost after the Centre approved Guwahati's Lokapriya Gopinath Bordoloi International Airport as an export point for agarwood chips and oil, easing logistics for regional producers.
