BUSINESS
India’s outbound capital via GIFT City surges 8x as affluent investors globalise portfolios
With more fund managers securing IFSC approvals and global products being redomiciled through GIFT, wealth managers anticipate annual outbound deployments crossing $3-4 billion in the coming years.
INDIA
Ram Mandir completion marks dawn of new era for India: Yogi Adityanath at Ayodhya 'Dhwajarohan' ceremony
The saffron Dharma Dhwaj hoisted atop the temple is a symbol of Dharma, a symbol of dignity, and a symbol of truth, justice and national duty, says UP CM.
INDIA
Zubeen Garg was murdered, says Assam CM Himanta Biswa Sarma
The Assam CM tells the House that new evidence examined by investigators indicates foul play, adding that the nature of the findings 'rules out accidental death'.
BUSINESS
Salesforce India’s FY25 profit jumps 45% to Rs 1,292 crore, revenue up 46%
Salesforce's offices in India are spread across six locations with a workforce of over 13,000, growing from 2,500 employees in 2020. India is the second-biggest market for the company after the US
BUSINESS
Yatra names Siddhartha Gupta as CEO after co-founder Dhruv Shringi takes over as chairman
Gupta's previous stints were at SAP, HP, and high-growth SaaS ventures in India and overseas
INDIA
'Footsoldiers' of Ram Mandir movement take spotlight at Ayodhya's final temple ceremony: Report
The invitee list spans communities such as Kinnars, Kumhars, Lodhis, Yadavs, Dhobis, Pasis, Valmikis and Ravidas groups. ST representatives include people not only from Uttar Pradesh but also from Rajasthan, Karnataka, West Bengal and Tamil Nadu.
AUTOMOBILE
Tata Sierra 2025 Launch Live: Tata Sierra price in India starts at Rs 11.49 lakh
Tata Sierra 2025 Live: The Tata Sierra 2025 price in India is expected to start at around Rs 12 lakh and go up to Rs 22 lakh (ex-showroom).
BUSINESS
Centre, states gear up to tackle inverted GST duties across sectors: Report
The move follows the GST rate cuts announced in September and is aimed at resolving a persistent distortion in the tax system
BUSINESS
Gold Loan Boom: Rs 14.5 lakh crore market spurs NBFCs to add 3,000 branches
Leading players such as Muthoot Finance, Muthoot Fincorp, IIFL Finance and Bajaj Finance are collectively expected to open around 1,800 branches
INDIA
‘Dhwaj Arohan at Rashtra Mandir Ram temple symbolises timeless values of Ram Rajya, victory of faith': Adityanath
Calling the Ram temple the “Rashtra Mandir”, UP CM Yogi Adityanath described the flag as representing the invincibility of truth, the immortality of faith and the resurgence of culture.
INDIA
Several flights cancelled as Ethiopian volcanic ash drifts towards India, here are the key developments
Ash cloud is about to enter Gujarat (West side) and move towards Rajasthan, northwest Maharashtra, Delhi, Haryana, and Punjab by 10 pm, according to reports.
WORLD
Sensex, Nifty open soft even as global tech rally lifts Asian markets
Global markets rally on rising expectations of a December Fed rate cut, but domestic indices open lower despite strength in Asian tech stocks.
BUSINESS
Accel partners with Google to deepen AI investment play
The two will together invest up to $2 million in at least 10 startups. Google will give founders another $350,000 in compute credits across Google Cloud, Gemini, and DeepMind
BUSINESS
Rupee opens 17 paise higher on RBI support, extends gains for second day
This is the second consecutive day when the central bank is expected to have seen in the market to support the local unit.
PODCAST
Nifty braces for volatility on F&O expiry day; RBI Governor’s rate cut signal & key stocks in focus | MC Market Minutes
Markets are likely to see a volatile session on monthly F&O expiry day after the Nifty slipped below 26,000, weighed by weakness in realty, metals and broader selling pressure. IT stocks held firm on hopes of a Fed rate cut, while autos continued their uptrend with Eicher Motors and Bajaj Auto leading gains. Globally, markets rallied as Wall Street’s tech stocks rebounded on Alphabet’s 6% surge and dovish Fed signals. Investors are also watching new geopolitical developments after Donald Trump’s call with Chinese President Xi Jinping, where both leaders reaffirmed ties and exchanged state visit invitations. Meanwhile, RBI Governor Shaktikanta Das hinted at room for a rate cut while reaffirming India’s strong macroeconomic fundamentals. Among key stocks in focus — Dr Reddy’s gets EU approval for its osteoporosis drug, Eris Lifesciences completes acquisition of Swiss Parenterals, and BEL inks joint venture with France’s Safran. Tune in for all this and more in today’s Market Minutes — your morning podcast bringing you the top stories to kickstart your trading day, from stocks in the news to macro trends and global market cues.
WORLD
'Want peaceful relations, open for business with India': Afghan minister Azizi amid conflict with Pakistan
Azizi noted that Afghanistan’s current trade volume with India -- roughly $1 billion -- is “far below potential.”
BUSINESS
Live: Will Nifty's downtrend continue to third session on expiry day? | Opening Bell
Nifty slipped below 26,000 amid profit booking as short-term sentiment turned fragile. The market opened firm but selling built through the day, with the index dropping 230 points from the intraday high. Broader markets weakened ahead of expiry, and while IT held up initially, late-session selling hit most sectors. SBI Life, TechM and Eicher showed some resilience, but realty, metals and durables led the declines. Midcap and smallcap indices remained under pressure, with the smallcap index slipping below its 200-day EMA. Nifty’s breakout attempt was also hurt by delays in the India-US trade agreement, leaving markets cautious ahead of the GDP data. This morning, global cues were positive. US markets edged higher overnight led by shares of Alphabet after Google upgraded its AI Model last week. Asian markets also cheered Wall Street's positive moves and edged higher this morning. Catch Lovisha Darad in conversation with Jay Thakkar, Head Derivatives and Quant Research, ICICI Securities and Sneha Poddar, VP -Research, Wealth Management, Motilal Oswal Financial Services.
INDIA
Ethiopian ash cloud races towards India; Akasa Air, IndiGo, KLM sound safety alarms
Several carriers operating in India have assured travellers that safety protocols are being followed as the ash cloud gradually approaches Indian airspace
INDIA
How to check if your name is in voter list during Special Intensive Revision exercise
Here's how to check your name in the voter list during the Special Intensive Revision (SIR) of electoral roll in your state
STARTUP
Rapido is India’s No.1 mobility company, says Prosus CEO Fabricio Bloisi
Prosus recently invested as much as $67 million in the mobility firm, increasing its stake to around 10.2 percent, filings showed.
INDIA
PM Modi to visit Ayodhya Ram Mandir for Dhwajarohan ceremony today: Check darshan timings, entry routes, rituals
PM Modi will take part in a traditional flag-hoisting, known as the Dhwajarohan ceremony at Ram Mandir in Ayodhya on November 25.
INDIA
News Live: If you target me in Bengal, I will shake the nation, Mamata Banerjee warns BJP amid ongoing SIR
Addressing the crowd, West Bengal chief minister Mamata Banerjee said the Election Commission's job is to remain impartial and not be a BJP commission.
MARKETS
Markets poised for flat to positive open amid global rebound
The Gift Nifty was trading at 25,980, up 0.05 percent from its previous close
INDIA
Volcanic cloud from Ethiopia set to drift over Gujarat, Rajasthan, Delhi by 10 pm tonight
The plume, generated by the volcano's explosive activity, is travelling at 100-120 km/h
