Higher input costs trim Nestle profit by 23.6% in Q2

Business 5 min ago This is an AI assisted summary. Nestle India's Q2 profits dropped by 23.6% due to rising input costs, but its stock rose by 5% and revenue increased by 10.6%. The company remains positive about the future and reported strong growth in its pet food business. It plans to prioritize volume growth and invest in brands and manufacturing capacity for future growth. Swipe up for next shorts 2 / 50 Centre plans new credit cover for MSME exporters Policy 54 min ago This is an AI assisted summary. The Centre plans to introduce a credit guarantee scheme for MSME exporters to counter the effects of US tariffs and facilitate expansion into new markets. This scheme, similar to MCGS, will have simplified terms and lower upfront deposits. Swipe up for next shorts 3 / 50 National minimum wage unchanged for eight years Policy 58 min ago This is an AI assisted summary. The stagnant National Floor Level Minimum Wage (NFLMW) since 2017 has exacerbated the income crisis for daily-wage workers. Despite the Centre's power to revise it every two years, no action has been taken, resulting in unequal wages across states and industries. The NDA government has passed the Wage Code, but its implementation is pending. Swipe up for next shorts 4 / 50 Explainer: Why celebs are fighting for their personality rights Life 1 hr ago This is an AI assisted summary. Bollywood celebrities are facing a growing threat of AI-generated content misusing their name, image, and voice. This has raised concerns about the need to update Indian laws on personality and publicity rights to address deepfakes. 5 / 50 Google, TCS herald new era in AI infra with $22-bn investments Business 1 hr ago This is an AI assisted summary. Google and TCS will build data centres in India for AI and data infrastructure. Other companies like Reliance, AdaniConneX, and Bharti Airtel are also investing in data centres to meet demand for computing power and data localisation. The government's draft rules for data protection could boost investor confidence and lead to a data centre boom in the country. 6 / 50 Zepto secures $450 million, valuation climbs to $7 billion Business 1 hr ago This is an AI assisted summary. Zepto, a quick commerce platform, has closed a $450-million financing round led by CalPERS, valuing the company at $7 billion. The CEO and co-founder, Aadit Palicha, stated that the company now has $900 million in net cash and is well-capitalized for the future. Existing investors also participated in the round, bringing the total funding raised to $2.4 billion. 7 / 50 ‘MCLR-linked loans to account for 54% of our book by year-end,’ Ajay Kumar MD and CEO IOB Business 1 hr ago This is an AI assisted summary. Indian Overseas Bank has achieved a profit of ₹1,000 crore for the third consecutive quarter, thanks to their focus on high-margin loans. They are prepared for expected credit loss norms and are borrowing from the market to balance credit and deposit growth. 8 / 50 After Air India, SpiceJet introduces special flights to Patna ahead of Diwali, Chhath Puja Airlines/Aviation 2 hr ago This is an AI assisted summary. SpiceJet announced special flights to Bihar for Diwali and Chhath Puja, including routes from Ahmedabad, Bengaluru, and Hyderabad to Patna. This will improve Patna's air connectivity with major cities like Delhi and Mumbai during the festive season. Air India and Air India Express also added 166 flights to Bihar, providing more options and convenience for passengers travelling home for holidays. 9 / 50 Canara Robeco to grow at 40% in next 5 yrs: Orix CEO Market 2 hr ago This is an AI assisted summary. Canara Robeco AMC, owned by Orix Corporation, aims for a 40% annual growth in the next 5 years and is open to acquisitions. Its NSE listing saw a 5% premium and a 12% intraday jump in share price. Investment bankers have high hopes for the company due to its strong parentage and positive industry trends. The firm offers diverse fund management and advisory services. 10 / 50 Early Diwali for stock markets Market 1 hr ago This is an AI assisted summary. The Indian stock market experienced a robust surge on Thursday, driven by strong buying in index heavyweights and private banking stocks. Four banks contributed to nearly half of the Sensex's gain. Investor confidence was boosted by positive Q2 results and progress in India-US trade talks. All sectors on the BSE closed in the green, with a positive market breadth. 11 / 50 Infosys Q2 FY26 results key highlights: Net profit jumps 13%, declares dividend of Rs 23 Business 1 hr ago This is an AI assisted summary. Infosys reports 13.19% YoY profit growth in Q2 FY26, with consolidated net profit reaching Rs 7,364 crore and revenue growing by 8.55% YoY to Rs 44,990 crore. The company announces an interim dividend of Rs 23 per equity share and revises its revenue guidance for FY26 to 2-3%. Infosys also reports a stable operating margin of 21% 12 / 50 Walking after meals vs strength training: Which controls blood sugar better? Life 2 hr ago This is an AI assisted summary. Overindulging in Diwali foods can spike blood sugar, especially for those with diabetes. However, walking after meals, known as Shatapavali, can effectively manage post-meal spikes. A 2022 study found that walking for just 2-5 minutes can control blood sugar. Dr. Sudhir Kumar, a neurologist, suggests waiting 10-15 minutes after a meal before walking. 13 / 50 Indian Railways to develop dedicated passenger corridors, launch Vande Bharat 4.0 Railways 3 hr ago This is an AI assisted summary. Indian Railway Minister Ashwini Vaishnaw revealed a 30-year plan to create a Dedicated Passenger Corridor (DPC) to meet the increasing demand for passenger trains. The high-speed rail network, with speeds up to 350 kmph, will be exclusively for passengers and is inspired by the success of the Dedicated Freight Corridors (DFC). The DPC will also prioritize modernization and expansion efforts. 14 / 50 Top MFs invested in 5 of the 17 companies listed in September Market 3 hr ago This is an AI assisted summary. In September, India's top five mutual funds invested in only five of the seventeen companies that debuted in IPOs. The sizes of these investments ranged from Rs 560 crore to Rs 1,900 crore. Despite this, the mutual fund allotment has fallen in the 50% of the issue size reserved for QIBs. This is due to a rise in the number of AMCs and a decrease in average issue size. 15 / 50 RBI may retain 12 paise cap on deposit insurance premiums Business 3 hr ago This is an AI assisted summary. RBI to maintain 12 paise/Rs 100 cap on deposit insurance premiums while transitioning to a risk-based model. Stronger banks to benefit with lower premiums, weaker banks spared from additional burden. New framework to promote fair contributions based on risk, effective from FY2027. Bankers welcome move to prevent unnecessary funds with DICGC. 16 / 50 Higher interest income, lower expenses boost IOB profit Business 3 hr ago This is an AI assisted summary. Indian Overseas Bank (IOB) reported a 58% rise in net profit for the September quarter, reaching ₹1,226 crore. Interest income increased by 15%, while expenses grew by 11%. The bank's total business crossed the ₹6-lakh-crore milestone, with retail, agriculture, and MSME loans accounting for 81% of the loan book. 17 / 50 Virat Kohli grants brother Vikas Kohli legal rights over Gurugram property Trending News 15 min ago This is an AI assisted summary. Indian cricketer Virat Kohli has given his brother Vikas Kohli the power of attorney for his Rs 80 crore bungalow in Gurugram to avoid legal complications while he is in London with his family. This legal document allows Vikas to handle matters related to property, finance, and legal affairs on Virat's behalf, making it easier for Indian citizens. 18 / 50 Cyient Q2 FY26 results: Net profit down 23% YoY, declares interim dividend of Rs 16 Business 3 hr ago This is an AI assisted summary. Cyient's net profit declined by 23.42% YoY in Q2 FY26, with a consolidated net profit of Rs 142.9 crore. Revenue also saw a 3.68% YoY decline, with consolidated revenue of Rs 1,781 crore. Despite this, the company's board declared an interim dividend of Rs 16 per equity share, to be paid by November 12, 2025. 19 / 50 Best Diwali markets in Delhi-NCR for affordable decor items, clothes, gifts Lifestyle 4 hr ago This is an AI assisted summary. Get ready to celebrate Diwali with lights, friends, food, and shopping! Delhi-NCR has some of the best markets to capture the festive energy, from Dilli Haat for home decorations to Chandni Chowk for clothes and jewellery. Noida Haat is hosting a two-week Diwali event, while Greater Kailash M-Block Market offers festive discounts. 20 / 50 2025 MAMA Awards nominees out: BTS, Blackpink members and more Life 4 hr ago This is an AI assisted summary. The 2025 MAMA Awards nominees have been announced for the two-day musical event in Hong Kong on November 28 and 29. Fans can vote for the Fans' Choice nominees starting October 26, with 20 artists in each category. Categories include Best Dance Performance, Best New Artist, and Best Vocal Performance. Save the date and vote for your top picks! 21 / 50 Trump’s McDonald’s order leaves US senator ‘sick as a dog’, sparks health concerns World News 5 hr ago This is an AI assisted summary. US Senator reveals Trump's love for McDonald's, with custom-made orders of burgers and an orange soda. Despite health concerns, Trump has been associated with the fast food franchise for years, consuming multiple burgers and fries on plane trips. Some joke that McDonald's should pay him for the publicity, but others raise concerns about the health implications. 22 / 50 SC dismisses Telangana govt plea challenging HC’s stay on 42% BC reservation India News 6 hr ago This is an AI assisted summary. The Telangana High Court has put a hold on the state government's decision to reserve 42% seats for Backward Classes in the upcoming local body elections. The Supreme Court has dismissed the state's plea, causing a setback for Chief Minister Revanth Reddy. The HC has given four weeks to file a counter-affidavit and two weeks for the government to respond. 23 / 50 3 reasons why the market is up today: Nifty surges 1%, Sensex rallies nearly 900 points Market 6 hr ago This is an AI assisted summary. Markets are in a festive mood with Nifty and Sensex soaring over 1% and 800 points respectively. Banks, including Kotak Mahindra Bank and Axis Bank, have seen a sharp rally, while small and midcaps see brisk buying ahead of Diwali week. The possibility of a US-India trade deal, strong rebound of the rupee, and positive Q2 earnings outlook are driving the market surge. 24 / 50 Govt set up meat export development fund Policy 4 hr ago This is an AI assisted summary. The Indian government has partnered with the meat industry to create a fund that will aid in expanding market access for frozen buffalo meat. Exporters will contribute to the fund, which will be used for global market expansion and trade promotion. India is the second largest exporter of buffalo meat, with demand rising due to its high quality and nutritional value. 25 / 50 RBI’s $5 billion market move lifts rupee from near all-time low Policy 6 hr ago This is an AI assisted summary. RBI sold $3 billion to $5 billion in spot and non-deliverable forward markets to support the rupee, its largest intervention in months. The rupee had come under pressure due to U.S. tariffs, weak equity flows, and gold imports. The interventions helped it post its biggest single-day advance in four months. Experts predict further appreciation following the RBI's move. 26 / 50 Is Hyundai Motor a Buy after Rs 45,000 crore 2030 roadmap? Brokerages see up to 34% upside Market 6 hr ago This is an AI assisted summary. Hyundai Motor India is making major moves in the auto industry, with plans for a total investment of Rs 45,000 crore and 26 new models by 2030. Brokerages are optimistic, with potential for 20%+ stock growth. The company aims for 100% localization in EV manufacturing by 2027 and 30% of production to be exported by 2030. 27 / 50 JM Financial predicts as much as 44% upside for Zaggle – Here’s why Market 7 hr ago This is an AI assisted summary. JM Financial has initiated coverage on Zaggle Prepaid Ocean Services with a 'Buy' rating and a target price of Rs 520 per share, citing strong fundamentals and a potential upside of 44%. They note that India's corporate spending market is underpenetrated, providing a long runway for growth. Zaggle's customer stickiness and scalable SaaS-fintech platform give them an advantage in the industry. 28 / 50 Nestle announces 16,000 job cuts under new CEO’s sales-focused overhaul Business 6 hr ago This is an AI assisted summary. Nestle CEO Philipp Navratil plans to cut 16,000 jobs in an effort to boost sales volumes, including 12,000 white-collar roles and 4,000 positions in manufacturing and supply chain, under its ongoing efficiency and growth initiatives. The company employs about 2.7 lakh people across the world. 33 / 50 India’s premium warehousing supply rises 6% in Jan–Sep 2025: Report Business 9 hr ago This is an AI assisted summary. Colliers India's latest data shows a 6% increase in new supply of industrial and warehousing spaces in the top eight cities during January-September. Delhi-Mumbai leads with nearly two-thirds of the total new supply, while 3PL players, engineering firms, and e-commerce companies are the major demand drivers. However, new supply fell in Ahmedabad, Bengaluru, Kolkata, and Pune. 34 / 50 Bengaluru’s 100 critical roads to get priority fix, say IAS after Kiran Shaw’s criticism India News 9 hr ago This is an AI assisted summary. IAS officer Maheshwar Rao held a review meeting with chief engineers to identify 100 critical roads in Bengaluru, addressing issues such as potholes, poor footpaths, inadequate lighting, flooding, and accident-prone black spots. This move follows Biocon founder Kiran Mazumdar-Shaw's criticism of the city's deteriorating infrastructure and aims to find long-term solutions. 35 / 50 ‘Bahut maar khayi hai’: Ayushmann Khurrana on doing ‘lots of action sequences’ in Thamma Life 9 hr ago This is an AI assisted summary. Thamma, the latest horror-comedy from Maddock Films, is the only Bollywood release this Diwali, hitting theaters on October 21. The trailer has received mixed responses, while the Thamma team shared their filming experiences at a sneak-peak event. Ayushmann Khurrana, in his first time playing such a role, faced challenges and intense action scenes but added his signature humor. 36 / 50 Sunil Mittal’s real estate empire: From global residences to Rs 5000 crore deals Lifestyle 11 hr ago This is an AI assisted summary. Sunil Mittal, founder and chairman of Bharti Enterprises, is a telecom pioneer and one of India's first-generation billionaires. His group is famous for Airtel, with 600 million customers, and also has global ventures and investments. Mittal also leads Bharti Real Estate and Hospitality, with 5.5 million square feet of premium projects. He is India's fourth-richest person. 37 / 50 Infosys founder Narayana Murthy, Sudha Murthy reject Karnataka caste survey India News 7 hr ago This is an AI assisted summary. Infosys founder Narayana Murthy and wife Sudha Murthy have refused to take part in Karnataka government's caste survey, citing personal reasons. They believe their participation will not benefit the government. Only 25% of questions have been answered in Bengaluru, possibly leading to an extension of the census deadline. 38 / 50 WHO bans sale of misleading ORS products, issues strict warning Life 5 hr ago This is an AI assisted summary. FSSAI bans use of "ORS" in food products not following WHO formula to prevent sale of misleading products posing health threat to diarrhoea patients. Order mandates strict compliance with labelling and advertising rules. Paediatrician supports ban, urges avoidance of high-sugar drinks during diarrhoea. WHO recommends ORS for affordable and effective dehydration treatment. 39 / 50 ‘Vested interested in B’luru,’ Kiran Mazumdar-Shaw responds to ‘selective outrage’ charge India News 10 hr ago This is an AI assisted summary. Biocon founder Kiran Mazumdar-Shaw brought attention to Bengaluru's garbage and pothole issues after a visitor from China expressed disappointment over the condition of the city. Her post sparked a debate with the state administration, with some criticising her for selective outrage. Shaw defended herself, stating her vested interest in Bengaluru and her state - Karanataka - as she lives there. 40 / 50 California shooting: Korean restaurant murder-suicide’s shooter and victim ID’d World News 10 hr ago This is an AI assisted summary. California authorities have identified the victim and shooter in a targeted murder-suicide at a Korean restaurant. The victim, Jacqueline Medrano, and the shooter, Jonathan Wang, were previously romantically involved and had a recent criminal protective order against Wang. The incident, witnessed by several people, took place at Gui Gui Korean BBQ and resulted in the death of both individuals. 41 / 50 Infosys Q2FY26 preview: Modest growth expected; AI uncertainty, H-1B concerns loom large Business 13 hr ago This is an AI assisted summary. Infosys, a major tech company, will reveal its Q2 results for FY26 today. With concerns about AI and subdued demand, all eyes will be on the company's revenue, profit, and margin. In Q1, Infosys outperformed its peers with a 7.5% YoY revenue growth and 8.7% YoY profit growth. Investors will also be watching for the impact of H-1B visa cancellations and tariffs on the company's performance. 42 / 50 Trump orders Pentagon to release military pay amid government shutdown World News 10 hr ago This is an AI assisted summary. President Trump signed an order to ensure active-duty military personnel are paid during the government shutdown, using funds from the Department of Defense. The standoff between Republicans and Democrats continues, with Democrats refusing to agree to a spending plan without healthcare subsidies. 43 / 50 US, India, G7 partners’ joint response amid tensions over China’s rare earth restrictions World News 11 hr ago This is an AI assisted summary. G7 officials, including Bessent and Greer, will discuss China's rare earth export restrictions. They condemn it as a "global supply-chain power grab." G7, along with allies like Australia and India, plan to respond jointly. Germany's Finance Minister warns against drastic measures, while Japan's urges caution to avoid retaliation. 44 / 50 Markets trending higher: Nifty near 25,400, Sensex rises 270 points; Axis Bank up 3% Market 6 hr ago This is an AI assisted summary. Indices opened higher, with NSE Nifty 50 and BSE Sensex rising 0.29% and 0.33%, respectively. Bank Nifty also opened higher, along with small and midcap stocks. The US administration's comments hint at a possible trade deal with India, given China's actions. Indian macros remain strong, but exports and jobs in labour-intensive areas have been hit. Technical analysis suggests a bullish momentum. 45 / 50 ‘They’ve emptied their prisons into the US’: Trump defends CIA operations in Venezuela World News 11 hr ago This is an AI assisted summary. President Trump has given the CIA the green light to carry out covert operations in Venezuela in order to remove President Maduro from power. This decision comes with a $50 million reward for Maduro's arrest on drug trafficking charges. Venezuela has condemned the move as a violation of international law, while Trump has also ordered a military buildup. 46 / 50 China hacked UK’s ‘most sensitive’ secrets for years: Officials World News 12 hr ago This is an AI assisted summary. Former UK officials have raised concerns about a Chinese hack on highly classified information, including intelligence services and government secrets. Dominic Cummings, former advisor to Boris Johnson, accuses the British state of prioritizing Chinese money over security for years. The breach was allegedly covered up and officials were warned against discussing it with the media. 47 / 50 ‘Gov being subsidised with middle-class money,’ Owaisi criticises PF withdrawal rules India News 12 hr ago This is an AI assisted summary. Asaduddin Owaisi has criticised the Centre for changing EPFO withdrawal rules, accusing the government of misusing public funds and neglecting unemployed citizens. EPFO explains that changes were made to benefit members' pension eligibility. Owaisi argues that hardworking citizens are being deprived of their own savings. 48 / 50 Pete Hegseth’s Boeing C-32 suffers crack in windscreen, makes ‘unscheduled landing’ World News 13 hr ago This is an AI assisted summary. US military plane carrying Secretary of War Pete Hegseth made an emergency landing in the UK due to a cracked windscreen. All passengers, including Hegseth, were unharmed. The incident happened while returning from a NATO meeting in Brussels where security assistance for Ukraine was discussed. The plane transmitted an emergency signal before landing safely at RAF Mildenhall. 49 / 50 Axis Bank shares in focus after weak Q2 results: What’s next for investors Market 11 hr ago This is an AI assisted summary. Axis Bank's Q2 results have caused a decline in its shares, with a decrease in margins compared to last year. Nuvama Wealth Management maintains a 'Hold' rating, attributing the miss to RBI inspection-driven standard and one-time provision for crop loans. The bank's net profit has dropped by 26% YoY due to higher provisions for bad loans and a decrease in net interest.