Tesla Cybertruck Production Wind-Down: What Went Wrong With Elon Musk’s Electric Pickup?
Tesla Cybertruck production wind-down plans mark a major shift for Elon Musk's electric vehicle company. Musk has announced that production of the unconventional electric pickup at Tesla's Texas factory will be wound down around the middle of 2027. In a post on X, Musk said the move would free up manufacturing capacity for the Cybercab, Tesla's two-seat autonomous vehicle.
Jensen Huang Relationship Allegation: US Intelligence Suspects Nvidia CEO Was Targeted by Chinese Spy
Jensen Huang Chinese spy allegations have drawn attention to the intersection of artificial intelligence, national security and international business. US intelligence officials reportedly believe Nvidia CEO Jensen Huang had a romantic relationship with Alice Huang, a Singapore-based business executive suspected of working for China's Ministry of State Security. According to reports, the US government prepared an intelligence memo earlier in 2026 based on assessments concerning the alleged relationship.
Meta Joins Microsoft and Google in Offering Voluntary Exit Packages to Employees
The Meta voluntary exit programme is reportedly offering selected employees an opportunity to leave the company with financial compensation, making the technology giant the latest major firm to adopt voluntary workforce reduction measures. According to a report by French publication La Lettre, Meta is offering voluntary exit options to employees in France.
Regional Airlines Seek Revised ATF Relief as Rising Fuel Costs Force Flight Cuts
The ATF Price Stabilisation Fund has returned to focus as regional airlines urge the government to revive the scheme with revised conditions. Rising aviation turbine fuel (ATF) prices are increasing operating costs and forcing some carriers to reduce flights, particularly on routes that larger airlines are often reluctant to serve.
Maxwell Engineering Solutions SME IPO Subscribed 536.80 Times, Attracts ₹20,368 Crore in Bids
The Maxwell Engineering Solutions IPO attracted bids worth ₹20,368.89 crore as the Vadodara-based precision engineering company witnessed an overwhelming response to its ₹57.64-crore SME public issue. The IPO was subscribed 536.80 times when bidding closed on November 3, 2026. Investors applied for approximately 128.91 crore shares against the 24.01 lakh shares on offer, according to the final subscription data.
Stockal Scam: How an Investor's Rs 3.19 Crore US Stock Portfolio Was Sold Without Consent
An Indian investor has alleged that his US stock portfolio worth approximately Rs 3.19 crore was sold without his consent through Bengaluru-based fintech platform Stockal on October 15. The proceeds were subsequently used to purchase 3 lakh shares of Chinese digital insurance company Zhibao Technology, according to the investor's complaint. The portfolio included shares of major US companies such as Apple, Tesla, Amazon, Alphabet and Nvidia.
Indian Stock Market Rises Past 23,900 as FMCG, Banking and Healthcare Stocks Gain
Indian financial markets witnessed positive movement, with the benchmark equity index crossing the 23,900 mark amid strong buying across several sectors. FMCG, banking and healthcare stocks supported the market's upward momentum, reflecting broad-based investor participation. The gains came as market participants tracked domestic economic indicators alongside developments in international financial markets.
IndiGo CEO Warns Jet Fuel Costs Will Remain High, Seeks Lower Taxes and Airport Charges
Air travel costs could remain under pressure as airlines face elevated fuel prices, higher airport charges and operational challenges. IndiGo CEO Willie Walsh has warned that jet fuel prices are likely to remain high in the near term, despite crude oil prices staying below their historical peaks.
Delhi Traders Claim Rs 11,000 Crore Loss Due to INDIA Bloc Rally
Delhi’s business community has claimed an estimated Rs 11,000 crore economic loss due to the INDIA bloc rally held at Ramlila Maidan on November 1. The Chamber of Trade and Industry (CTI) said the event disrupted commercial activity across several parts of the national capital, affecting retail and wholesale trade, transport, hospitality, tourism and daily-wage workers.
Omron Starts Blood Pressure Monitor Production at First India Factory Near Chennai
Japanese healthcare company Omron has started full-scale production at its first Indian manufacturing facility near Chennai, Tamil Nadu. The Omron India factory will initially manufacture blood pressure monitors for domestic consumers, with the company planning to make it a supply base for international markets in the coming years.
Binance Hack Could Become Biggest Crypto Theft in History as Losses Cross $3 Billion
The Binance crypto hack could become the largest cryptocurrency theft in history, with reports suggesting that hackers may have stolen at least $3 billion in digital assets. Blockchain analytics firms have estimated that the potential losses could reach approximately $5.9 billion or even exceed $6 billion. The world's largest cryptocurrency exchange has temporarily suspended deposits and withdrawals across multiple networks while investigating the suspected security breach.
ESIC Amnesty Scheme 2025 Extended Until December 31, 2026: Who Can Benefit?
The ESIC Amnesty Scheme 2025 has been extended until December 31, 2026, giving eligible employers and insured persons additional time to resolve pending disputes with the Employees’ State Insurance Corporation (ESIC). The scheme was originally scheduled to close on September 30, 2026. Following requests from various stakeholders, ESIC extended the settlement window by three months, from October 1 to December 31, 2026.
Nike Vegam Run Launches in India at ₹3,795 as Brand Targets Growing Running Market
The Nike Vegam Run India launch marks a new step in the sportswear company’s efforts to strengthen its presence in the country. The running shoe, developed specifically for the Indian market, will be available through e-commerce marketplace Flipkart from November 1, 2026, at ₹3,795. Nike unveiled the shoe on Wednesday, October 28, saying its development took approximately five months.
US Federal Reserve Holds Interest Rates Steady as Inflation Concerns Persist
The US Federal Reserve interest rates decision remained unchanged on Wednesday, October 28, as the central bank held its benchmark rate within the 3.75%–4% range. The 10-2 vote reflected concerns about persistent inflation and the need for more economic data before determining the next policy move.
Jio Platforms IPO Sets 13 Records With ₹30,188 Crore Issue and 1.38 Crore Applications
The Jio Platforms IPO has set multiple records in India’s primary market, attracting unprecedented investor participation and substantial demand across retail, institutional and high-net-worth investor categories. The final issue value stood at ₹30,188 crore after accounting for the employee discount, overtaking Hyundai Motor India’s ₹27,870-crore IPO in 2024. The three-day public issue closed on October 23, 2026, after opening on October 21.
India’s Mineral Imports Hit ₹10.12 Lakh Crore as Domestic Mining Output Lags
India’s mineral imports reached ₹10.12 lakh crore in FY26, highlighting the challenge of meeting domestic demand through local production. Despite more than 720 mineral blocks being auctioned since 2015, only 105 have become operational, raising questions about the pace of expanding India’s domestic mineral supply.
Ashwini Vaishnaw Defends iPhone Manufacturing PLI Scheme With Tax and Job Numbers
India’s mobile manufacturing PLI scheme has come under renewed scrutiny after Union Electronics and IT Minister Ashwini Vaishnaw defended government incentives for smartphone production, citing tax collections and employment figures. His response followed a Bloomberg report questioning whether India retains enough domestic economic value from iPhone manufacturing to justify public spending.
Delhi Traders Urge Congress to Postpone November 1 Rally, Warn of ₹10,000 Crore Loss
Delhi traders have urged the Congress to postpone its November 1 rally at Ramlila Maidan until after Diwali, warning that the gathering could disrupt business across major commercial districts and cause estimated losses of up to ₹10,000 crore during the festive shopping season.
Noel Tata Challenges Tata Sons Resolution on Chandrasekaran’s Reappointment
Noel Tata has challenged the validity of Tata Sons’ resolution reappointing N Chandrasekaran as executive chairman for another five-year term, raising questions about corporate governance, board procedures and possible conflicts of interest. The latest objection follows Tata Sons’ filing with the Ministry of Corporate Affairs confirming Chandrasekaran’s reappointment despite objections from a sitting director.
Microsoft Offers Voluntary Buyouts to 60,000 Employees in India, US and UK Amid AI Spending
Microsoft has announced a voluntary employee buyout programme that could cover around 60,000 workers across India, the United States, the United Kingdom and Canada. The initiative comes as the technology giant increases spending on artificial intelligence (AI) infrastructure while seeking to manage workforce costs. The time-limited programme is available to eligible employees at level 70 and below in participating teams across the four countries.
Gold Prices Near ₹1.43 Lakh: Should Festive Buyers Wait or Buy Now?
Gold prices near ₹1.43 lakh per 10 grams have put festive shoppers in a difficult position as Karwa Chauth, Diwali and the wedding season approach. With jewellery purchases planned across Indian households, buyers are wondering whether to purchase gold now or wait for prices to fall further.
Tesla India Reports ₹5.16 Crore Profit in FY26 as Model Y Sales Drive Growth
Tesla India FY26 profit reached ₹5.16 crore as Tesla India Motors and Energy expanded its business following the electric vehicle maker's entry into the Indian market in 2025. The company reported revenue from operations of ₹247.31 crore in FY26, nearly 12 times the ₹20.83 crore recorded in FY25. Net profit also increased from ₹55.49 lakh in the previous financial year to ₹5.16 crore.
Jio Platforms IPO: Potential Listing Gains on 12, 36 and 60 Shares Explained
The Jio Platforms IPO listing gains could reach ₹2,964 for investors allotted one lot of 12 shares, based on the latest reported grey market premium (GMP) of ₹247 as of October 26, 2026. With the issue's upper price band set at ₹1,119 per share, the GMP indicates an estimated listing price of ₹1,366. This represents an implied premium of approximately 22.07%.
India Faces Economic Risks from El Niño, Oil Price Shocks and Currency Pressure
India’s economic outlook faces several interconnected challenges, including agricultural uncertainty linked to El Niño, pressure on the rupee from global energy shocks and capital outflows, and the risk of prolonged disruption to international oil supplies. These pressures highlight the need for a balanced policy response that protects economic stability while supporting long-term growth.
Jio Platforms IPO Makes History With Over 1 Crore Applications
Jio Platforms’ IPO has made history by crossing 1 crore applications, becoming the first initial public offering globally to reach the milestone, according to the company. The landmark was announced on October 23, 2026, with five hours of bidding remaining, leaving room for the final application count to rise further.
Gold and Silver Prices Fall Ahead of Diwali: Will Festive Buyers Get a Better Deal?
Gold and silver prices continued to decline on October 23, potentially offering relief to buyers preparing for Dhanteras and Diwali. However, uncertainty over global inflation, crude oil prices and the US Federal Reserve's next policy decision has left markets volatile, making it difficult to determine whether prices will fall further.
Swiggy Shares Crash 12% to Record Low as Instamart Losses Widen
Swiggy shares plunged nearly 12% on October 23, hitting a record low as investors grew concerned about mounting losses at its quick-commerce business, Instamart, and the rising costs of competing in India's crowded instant-delivery market. The stock fell to an intraday low of ₹184.90, down 12.49% from its previous close of ₹211.30. At the time of the reported market snapshot, shares were trading at ₹186.15, down 11.90%.
India's Gold Loan Market Shows Early Stress Signals as NBFCs Flag Risks
India's gold loan market is showing early signs of stress as non-banking financial companies (NBFCs) flag emerging repayment risks amid a sharp rise in gold-backed borrowing. While overdue loans remain relatively low, concerns are growing about borrowers' repayment capacity as lenders expand their portfolios. According to Reserve Bank of India (RBI) data, bank loans against gold rose 83% year-on-year to ₹5.6 trillion in August 2026.
Brent Crude Crosses $111 as Saudi Attacks Fuel Global Oil Supply Fears
Brent crude prices crossed $111 a barrel on Thursday as deadly attacks in Saudi Arabia and escalating tensions across the Middle East raised fears of further disruptions to global energy supplies. The surge added pressure to oil markets already concerned about the security of production facilities and critical shipping routes. At the time of reporting, Brent crude was trading at $111.63 a barrel, up 2.58%.
ICAR Expands Global Agricultural Research Partnerships to Strengthen Food Security
The Indian Council of Agricultural Research (ICAR) is expanding its global presence through bilateral, regional and multilateral partnerships aimed at strengthening agricultural science, improving food security and helping countries respond to climate change and emerging agricultural threats. With hunger, water scarcity, emerging pests and declining natural resources threatening agricultural productivity worldwide, international scientific cooperation is becoming increasingly important.
HDFC Bank Shares Fall 2% as Probe Into Alleged Data Leak Raises Governance Questions
HDFC Bank shares fell around 2% on Thursday after reports emerged that the private sector lender had launched an internal investigation into suspected leaks of confidential business information to social media and external parties. The development has put the bank’s governance practices, internal controls and confidentiality safeguards under investor scrutiny.
Jio Platforms IPO Fully Subscribed Within Two Hours: Should Retail Investors Apply?
Jio Platforms’ ₹30,213-crore initial public offering (IPO) was fully subscribed within two hours of opening on October 21, driven largely by strong demand from institutional investors. However, retail participation remained relatively low, raising questions about whether individual investors should apply for the issue. According to subscription figures available at 11:14 am, the IPO was subscribed 1.23 times overall.
Gold Prices Fall Ahead of Dhanteras: Should Buyers Purchase Now or Wait for a Bigger Dip?
Gold prices declined for a fourth consecutive session on October 21, offering some relief to Indian buyers preparing for Dhanteras, Diwali and the upcoming wedding season. However, uncertainty over crude oil prices, inflation and the US Federal Reserve’s next policy decision has raised questions about whether prices could fall further. Around 11:30 am on Wednesday, MCX Gold was trading at ₹1,45,898 per 10 grams, down 0.42%.
Maharashtra Sugar Output May Fall by 10 Lakh Tonnes as Drought Threatens Ethanol Production
Maharashtra’s sugar production is expected to decline by nearly 10 lakh metric tonnes this season as irregular rainfall and drought-like conditions affect sugarcane availability. Ethanol production could also fall by around 30%, creating additional challenges for the state’s sugar industry. Maharashtra Sugar Commissioner Dr Sanjay Kolte estimated that sugar production would remain between 89 lakh and 90 lakh metric tonnes, compared with 99 lakh metric tonnes last season.
Jio Platforms IPO Attracts Over 30 Times Anchor Demand, Receives ₹2.5 Lakh Crore in Bids
The Jio Platforms IPO has received strong interest from institutional investors, with its ₹8,110-crore anchor book attracting bids worth approximately ₹2.5 lakh crore. The demand exceeded 30 times the shares available in the anchor portion, according to information from people familiar with the transaction. The response comes ahead of the public issue, which is scheduled to open for subscription on October 21, 2026.
Government Restricts Sugarcane-Based Ethanol to Keep Sugar Prices in Check
The government has restricted oil companies from purchasing ethanol made from sugarcane juice, sugar syrup and B-heavy molasses to maintain adequate domestic sugar supplies and contain prices. The restriction will take effect on November 1, 2026, at the beginning of the new ethanol supply year.
US ‘Very Close’ to Finalising India Trade Deal, Says Marco Rubio Ahead of Jaishankar Meeting
The India-US trade deal is nearing completion, with US Secretary of State Marco Rubio saying Washington is “very close” to finalising an agreement with New Delhi. His remarks come ahead of his scheduled meeting with External Affairs Minister S Jaishankar in Mumbai on October 20, as both countries seek progress on trade and broader bilateral cooperation.
Pakistan to Chair IMF and World Bank Boards in 2027 Despite Debt Challenges
Pakistan will chair the Boards of Governors of the International Monetary Fund (IMF) and World Bank Group in 2027, marking its first time in the position since 1953. The Pakistan IMF World Bank chairmanship was announced by the country's Ministry of Economic Affairs during the World Bank-IMF Annual Meetings in Bangkok.
Supreme Court Asks Centre to Finalise Airfare Rules by November 16
The Supreme Court airfare rules deadline has been set for November 16, 2026, with the Centre directed to place its finalised regulations before the court. The proceedings follow concerns over steep variations in airline ticket prices and pricing practices that can make air travel significantly more expensive for passengers.
India Sweet House Song Celebrates India’s Cultural Diversity Through Sweets
India Sweet House has released “Sambhramada Ruchi Onde”, a multilingual song celebrating the role of sweets in bringing people together across India's diverse cultural traditions. Featuring prominent Kannada cinema personalities and musicians, the song highlights how food connects communities during festivals, weddings and other celebrations.