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JSW Steel Q2 net profit falls more than 85% to ₹404 crore; output grows 7% to 6.77 MT

“The total income decreased to ₹39,837 crore in the second quarter of the current fiscal as against ₹44,821 crore a year ago,” JSW Steel said in a regulatory filing




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India’s IT services market grew 6.1% in 2023, reaching a size of $14.5 bn: International Data Corporation

While IT investments showed a slower recovery compared to the previous year, digital transformation (DX) initiatives and IT environments would continue to drive market growth




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Maruti Suzuki Q2 net profit falls 17% to ₹3,069 crore

Maruti Suzuki India Ltd. reports 17% drop in net profit due to tax changes, plans amalgamation with subsidiary




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U.S. faces shortage of IV fluids, India alerts domestic firms to chip in 

The drug exporters body of India has asked Indian drug makers who have approvalsz, to express their willingness to supply to the U.S., where Hurricane Helene has caused damage to a manufacturing facility




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HDFC Bank unit HDB Financial Services files with SEBI for ₹12,500 crore IPO

The Public Offer Includes a reservation of Equity Shares for subscription by Eligible Employees and a reservation Equity Shares of Face Value of ₹10 each for subscription by eligible HDFC Bank shareholders




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Mahindra October auto sales up 20% YoY to 96,648 units; SUV sales up 25%

Including exports, the total SUV sales were 55,571 units. The domestic sales for Commercial Vehicles stood at 28812 units




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Royal Enfield October sales up 31% to 1,10,574 units

The company exported 8,688 motorcycles during the month




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High-value debt listed entities: SEBI proposes doubling threshold to ₹1,000 crore

Further, SEBI has proposed tweaking framework for ESG Rating Providers, particularly for those using a subscriber-pays model




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Government infuses ₹1,650 crore in Rashtriya Ispat Nigam Limited

“SBICAPS, a wholly-owned subsidiary of the State Bank of India, is preparing a report on the sustainability of RINL,” a press note said




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NTPC, ONGC green arms form 50:50 JV for renewable energy play

“The JVC will also seek opportunities to acquire renewable energy assets and will also consider participation in upcoming offshore wind tenders in Tamil Nadu and Gujrat,” a statement said 




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India becoming part of global drug development operation of BMS: Samit Hirawat 

Samit Hirawat discussed India’s growing significance as a site for clinical trials, innovations in drug development, and how technology is poised to help bring new products to market faster




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L&T, E2E Network form alliance for deployment of Gen AI solutions in India

“The partnership is a significant step towards adoption of GenAI solutions in India to foster a fundamental shift in the way Accelerated Computing on Cloud is used by Indian organisations,” the companies said




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Noel Tata appointed to Tata Sons board 

The move follows Noel Tata's appointment last month as the chairman of the powerful and influential philanthropic arm of the Tata group, called Tata Trusts




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Solar cell manufacturing to outstrip global demand by 2024: report

The sector experienced huge growth in 2023 with solar cell, wafers and modules capacity nearly doubling in comparison with the previous year, says World Solar Market Report 2024




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Macrotech Developers to acquire Bain Capital’s stake in three digital infra platform entities for ₹307 crore 

The entities include Bellissimo Digital Infrastructure Development Management Pvt. Ltd., Palava Induslogic 4 Pvt. Ltd., and Bellissimo In City FC Mumbai 1 Pvt. Ltd., facilitated through Securities Purchase Agreements (SPAs).




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Vedanta plans to invest $500 million in group firm AvanStrate Inc.

“This investment is aimed at driving innovation and expansion within ASI, strengthening its focus on R&D,” the company said




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LTTS to acquire California firm Intelliswift for an aggregate consideration of $110 million

As per the filing, Intelliswift services four of the top five hyperscalers and caters to over 25 Fortune 500 companies including five of the top 10 ER&D spenders in Software and Technology




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Air India-Vistara merger complete; integrated entity to operate over 5,600 weekly flights

With the merger, Singapore Airlines will have a 25.1% stake in the enlarged Air India. Vistara was a joint venture between Tatas and Singapore Airlines.




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Aurobindo arm CuraTeQ Biologics gets GMP certificate from EMA 

The GMP inspection, conducted by EMA representatives, assessed mammalian and microbial drug substance manufacturing facility sections, prefilled syringes and vials filling, packaging and QC testing and release laboratories.




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Meet Aswanth A, the visual designer behind the IFFK 2024 logo and brand identity concept

The IFFK film festival will take place in Thiruvananthapuram from December 13 onwards




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Water supply to 11 wards in Thiruvananthapuram to be disrupted till 10 a.m. on November 3




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Technopark-based HEX20 set to fly its maiden satellite with SpaceX




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Expo at Huddle Global 2024 to showcase Deep Tech, R&D start-ups

CM to open conclave on Nov. 28. Event a platform for start-ups to present their advanced solutions and engage in interactive demonstrations before major stakeholders from across the world




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Vizhinjam poised to clock half a million cargo throughput this FY, eight times higher than targeted volume

While the initial projection for Phase I was 1 to 1.5 million cargo units per annum, the seaport has already handled 1.08 lakh cargo units – just three months into the trial run period




0

‘Few investors hold equity MFs for 10-15 years’

Investors can benefit from systematic investments to get best returns




0

What do commodity traders plan to bet on in 2018?

Market players, both old and new, share their hopes and fears with Portfolio




0

Will NLC power to 20,000 MW by 2025?

Capacity additions are in full steam, says Sarat Kumar Acharya, who has been credited with bringing energy into the PSU’s operations




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World T20 to use Spidercam




0

Mumbai plods its way to 603




0

Hamilton wins his 50th career pole

Rosberg on P2; Wehrlein is first to be eliminated under the new qualifying format




0

‘Bowlers have done a good job in World T20’

Former fast bowler Abey Kuruvilla feels Nehra and Bumrah were the standouts for India.




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J&K Terror Attacks: Data Show Terrorists Get Edge In Jammu; 13 Militants Among 44 Killed, 8 Of 10 Districts Hit

As per official data, Doda, Kathua and Reasi districts recorded nine killings each this year followed by Kishtwar (five), Udhampur (four), Jammu and Rajouri (three each), and Poonch (two).




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Jharkhand Election 2024: Full List Of Candidates And Their Constituencies

Jharkhand Election 2024 Candidates List: A total of 1,211 candidates remain in the contest for the Jharkhand Assembly Elections.




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Almost 70 killed in month of Rakhine violence: Myanmar army

The army hit out at Human Rights Watch’s figures, accusing Rohingyas of arson.




0

Centuries-old Ten Commandments tablet goes under hammer for $850,000

The tablet was put up for sale by Rabbi Shaul Deutsch, founder of the Living Torah Museum, in Brooklyn, New York, with the stipulation that the buyer must put it on public display, the auction house said.




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Islamic State killed 300 former policemen south of Mosul, HRW says

Human Rights Watch said some of the former policemen were separated from a group of about 2,000 people from nearby villages and towns who were forced to march alongside the militants last month as they retreated north to Mosul and the town of Tal Afar.




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IS has 60-80 operatives in Europe: Dutch expert

Says flush-out ops in Iraq, Syria are scattering the group and the continent faces a real threat.




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Data | Low-income countries have received only 0.27% of the COVID-19 vaccine doses administered so far

Due to wide disparity in vaccine supply, of the 52 countries in Africa, 38 have given at least one dose to <5% of population




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Data | More than 50% Americans disapprove Joe Biden's work as President

Google search trends indicate that interest in Afghanistan peaked on August 15, the day Kabul fell. Following this, Biden's rating dropped below 50%




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Holocaust survivors mark 80 years since mass Paris roundup

French President Emmanuel Macron has decried his Nazi-collaborator predecessors and vigorously vowed to stamp out Holocaust denial




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Delayed Asian Games rescheduled to start in September 2023

The Olympic Council of Asia on Tuesday confirmed the delayed games would be held from September 23 to October 8




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Data Point | Understanding the goals and vision of COP27 

The Data Point is a bi-weekly newsletter in which The Hindu’s Data team decodes the numbers behind today’s biggest stories.  




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U.S. Fed slashes lending rate by 50 bps in first cut since 2020

Policymakers voted 11-to-1 in favour of lowering the U.S. central bank's benchmark lending rate to between 4.75% and 5.00%, the Fed announced




0

EPFO logs 20 lakh net new members in July

The latest data shows that nearly 6.25 lakh members between the ages 18 and 25 are first-time workers or new joiners




0

German economy to shrink further in 2024, think-tanks issue statement




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Mcap of 8 of top-10 most valued firms surges ₹1.21 lakh crore; Reliance biggest winner

The market valuation of Reliance Industries jumped ₹53,652.92 crore to ₹20,65,197.60 crore




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RBI Monetary Policy Committee meeting: policy rate unchanged at 6.5% for 10th time in a row

‘RBI changes stance of monetary policy to ‘neutral’ from withdrawal of accomodation,’ says Shaktikanta Das.




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India’s forex kitty drops by $3.71 billion to $701.176 billion

In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion.




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Indian conglomerates to spend $800 billion in new projects in 10 years: S&P Global Ratings’ report 

“The Vedanta, Tata, Adani, Reliance and JSW groups alone are prepping about $350 billion of investment in these sectors over the next decade,” Neel Gopalakrishnan of S&P Global Ratings said




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Economics Nobel Winners 2024 and their studies on ‘how institutions are formed and affect prosperity’

Daron Acemoglu and Simon Johnson are professors at the Massachusetts Institute of Technology while James Robinson is based at the Harris School of Public Policy and Department of Political Science at the University of Chicago.