BUSINESS
Mahindra Group to back Telangana’s ambitious future vision: Anand Mahindra
Anand Mahindra also spoke about his role as chairman of the Young India Skills University, a position he accepted after the Chief Minister convinced him of its importance for India’s broader future
BUSINESS
Park Medi World mobilises Rs 276 crore via anchor book, Rs 920-crore IPO to open for public on December 10
Park Medi World IPO | The Rs 920-crore initial public offering will open during December 10-12, with price band of Rs 154-162 per share.
TECHNOLOGY
Intel CEO Lip-Bu Tan says company 'committed to support India Semiconductor Mission' after meeting PM Modi
Intel CEO Lip-Bu Tan’s remarks add endorsement to Centre's plan to scale domestic chip design and manufacturing in the country.
BUSINESS
Nephrocare Health Services raises over Rs 260 crore from 14 anchor investors ahead of Rs 871-crore IPO
The Nephrocare Health Services IPO is a combination of fresh issuance of shares worth Rs 353.4 crore, and an offer-for-sale of 1.12 crore shares by existing shareholders.
TRENDS
India’s influencer industry now worth Rs 10,000 crore; most spend off the books: Report
While India's influencer marketing industry is valued at around Rs 4,000 crore, long-tail deployment data reveals massive untracked spending in this space.
PODCAST
Blinkit’s quick-commerce bubble warning amid Swiggy’s QIP and Zepto’s upcoming IPO; Why Namma Yatri is riding on government-backed platforms; and Groww co-founder on how Gen Z is driving stock-market investing
In today’s Tech3 from Moneycontrol, we break down Microsoft’s $17.5 billion investment commitment to India and what it means for the country’s AI and cloud ambitions. We look at Blinkit CEO's bubble warning as Swiggy reloads capital through QIP and Zepto heads for an IPO early next year. Namma Yatri leans on government platforms for expansion beyond Bengaluru. And finally, Groww reveals how Gen Z is pushing families into equities as mutual fund participation is set to double.
MARKETS
Two former Brightcom officials settle case with SEBI in financial reporting probe case
SEBI alleged compliance officer failed to disclose the initiation of a forensic audit and did not ensure accurate reporting of the company’s shareholding pattern during his tenure. While non executive independent director failed to ensure that the financial statements adhered to accounting standards and presented a true and fair view.
BUSINESS
HDFC Securities takes down article on PG Electroplast, offers apology
HDFC Securities apologized to PGEL and its stakeholders for the inconvenience caused.
BUSINESS
FIIs net sell Indian equities worth Rs 3,760 crore while DIIs net buy Rs 6,225 crore
For the year so far, FII/FPIs remain net sellers, offloading Indian equities worth Rs 2.72 lakh crore. On the other hand, DIIs added strength to the market with their buying spree reaching Rs 7.33 lakh crore for the year so far.
BUSINESS
Swiggy to use nearly half of Rs 10,000 crore QIP proceeds for quick commerce expansion
As much as Rs 4,475 crore of the proceeds are earmarked for dark stores and warehouses, with another Rs 3,300 crore-plus locked into cloud infrastructure and brand spends over the next three years, regulatory filings showed.
TECHNOLOGY
Microsoft commits $17.5 billion for India’s AI buildout after Satya Nadella meets PM Modi
The $17.5 billion commitment is over and above the $3 billion announced in January, taking Microsoft’s total India AI commitment to $20.5 billion.`
BUSINESS
Vidya Wires shares to list on exchanges tomorrow; should you buy, sell or hold?
The analysts advised investors to hold the Vidya Wires shares for the medium to long term.
BUSINESS
Digital lending firm Fibe raises $35 million led by International Finance Corporation
The round adds to Fibe’s earlier equity raises, taking its total equity funding to over $266 million.
BUSINESS
Swiggy’s Rs 10,000-crore QIP opens today, floor price set at Rs 390.51; shares up 3%
Swiggy said it may offer a discount of not more than 5% on the floor price calculated for the issue.
INDIA
Rahul Gandhi alleges ‘institutional capture’ of Election Commission in Lok Sabha
Speaking in the House, Rahul Gandhi said, “Have you ever wondered why Mahatma Gandhi placed such emphasis on Khadi? Why did he lead the freedom struggle around the concept of Khadi? Why did he only wear Khadi? It is not just a cloth, it is the expression of the people of India.”
BUSINESS
Inox Clean Energy, Sky Alloys withdraw IPO papers; Sterlite Electric out of abeyance
The SEBI had put the issuance of observations on Sterlite Electric’s IPO papers in abeyance on October 27.
BUSINESS
Aequs shares set to list tomorrow after IPO garners 102x subscription: What to expect?
Aequs listing expectations: Analysts advised investors to book partial profits on listing gains and holding the rest for long term.
BUSINESS
Live: Nifty recovers 100 pts from day's lows in a choppy session; smallcaps shine | Closing Bell
Catch Lovisha Darad in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One and Nirav R Karkera, Head of Research, Fisdom
INDIA
'May she be blessed with a long life...': PM Modi, Mallikarjun Kharge extend birthday greetings to Sonia Gandhi
On her birthday, the Congress party said her visionary leadership did not just guide the party but transformed India through landmark rights-based laws such as MGNREGA and the National Food Security Act
COMPANIES
InCred Capital appoints Sanjay Singh as head of its investment banking unit
Singh has a wealth of experience spanning over two decades across investment banking, corporate finance, mergers and acquisitions, deal structuring and private equity
INDIA
'Is West Bengal so unique?' SC's poser as petition alleges threats to BLOs during voter-list revision
The petitioner, alleging obstruction and threats to BLOs involved in the SIR exercise, sought orders to place state police under ECI deputation until the electoral rolls are finalised.
INDIA
Why Right to Disconnect Bill 2025 is making waves: No calls or e-mails after working hours, digital detox centres & more
NCP (SP) MP Supriya Sule introduced ‘The Right to Disconnect Bill, 2025’ which proposes to establish an employees' welfare authority to confer the right on every employee to disconnect from work-related telephone calls and e-mails beyond work hours and on holidays
BUSINESS
Trump media group pledges Rs 1 lakh cr investment in Telangana’s Bharat Future City
According to an official release, TMTG has already signed agreements valued at Rs 41,000 crore to establish an international media and smart technology hub in the state.
INDIA
Amit Shah counters Priyanka's allegation, says Vande Mataram debate not linked to Bengal election
The need for dedication to and discussion on ‘Vande Mataram’ existed earlier, it exists today, and it will continue to exist even in 2047, says home minister.
