Shadowfax Technologies, a top logistics provider, has submitted updated papers to Sebi for an IPO to raise Rs 2,000 crore. The IPO includes a fresh issue of Rs 1,000 crore and an offer for sale of Rs 1,000 crore by current shareholders. Funds will be used for network expansion, lease payments, branding, and acquisitions. Key […] | financialexpress.com
Shadowfax Files updated Rs 2,000 Crore IPO papers with SEBI
Market 28 min ago
This is an AI assisted summary.
Shadowfax Technologies, a top logistics provider, has submitted updated papers to Sebi for an IPO to raise Rs 2,000 crore. The IPO includes a fresh issue of Rs 1,000 crore and an offer for sale of Rs 1,000 crore by current shareholders. Funds will be used for network expansion, lease payments, branding, and acquisitions. Key investors include Flipkart, TPG, and Nokia Growth Funds.
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Inside Nita Ambani’s Halloween 2025 bash: Deepika Padukone to Karan Johar, who wore what
Life 39 min ago
This is an AI assisted summary.
Halloween 2025 was a star-studded affair at the Ambani residence, with Bollywood's elite dressed in iconic costumes. Nita Mukesh Ambani stole the show as Audrey Hepburn, while Deepika Padukone and Alia Bhatt also turned heads with their creative outfits. The event also saw directors and producers dressed as popular characters from movies and TV shows, making it a night to remember.
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Baahubali The Epic Box Office Day 1: Rajamouli-Prabhas’ film crosses Rs 10 crore mark
Life 3 hr ago
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Baahubali: The Epic, a re-release of the epic saga by SS Rajamouli, has created history at the box office. With a massive opening day collection of over Rs 10 crore in India and an overwhelming response from international markets, the four-hour master cut has left fans amazed. The film, starring Prabhas, Rana Daggubati, Anushka Shetty, and others, continues to be a cult-favourite.
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Inside Aishwarya Rai Bachchan’s Rs 16 crore Dubai villa: Palatial pool deck & golf course
Lifestyle 1 hr ago
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Aishwarya Rai Bachchan, the celebrated Bollywood actress, turns 52 today. With a strong presence in the fashion and film industry, she has won a National Award and owns a luxurious villa in Dubai with her husband Abhishek Bachchan. Despite facing rumors, the couple remains strong and private.
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‘Indian H-1B talent keeps US ahead in AI’: Lawmakers press Trump to withdraw visa curbs
Investing Abroad 1 hr ago
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US President Donald Trump is facing vehement calls to roll back a newly imposed $100,000 fee for H-1B visa applicants. PTI reported that a group of US lawmakers has urged the POTUS to withdraw his recent proclamations --- warning that the aggressive immigration crackdown could hurt America’s technological advancement and further strain relations with India.
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‘Why not shradha paksh?’ CEO questions Halloween celebration at school, sparks debate
Trending News 2 hr ago
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Startup founder Pradeep Sharma's LinkedIn post sparked a debate on social media as he questioned the double standard in how Western and Indian traditions are perceived. He argued that while Western spirit-related traditions are seen as "education and fun", Indian ones are dismissed as "superstition".
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Tamil Nadu revises age limit for doorstep ration delivery
India News 2 hr ago
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Tamil Nadu government reduces eligibility age for home delivery of essential commodities under PDS from 70 to 65 years. Deliveries to be made on the first weekend of every month starting November. Revised schedule aims to improve efficiency and ensure timely delivery to elderly and differently-abled cardholders. Database to be updated to include more beneficiaries.
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Simplified GST registration scheme to roll out on Nov 1
Business 3 hr ago
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"GST department introduces 3-day registration scheme for small and medium businesses with low-risk and output tax liability not exceeding Rs 2.5 lakh per month. Finance minister expects 96% of new applicants to benefit and directs CBIC to set up dedicated help desk for GST registration."
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Meet $200 billion club – six richest billionaires leading the AI-fueled new wealth order
World News 3 hr ago
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The impossible $100 billion threshold is no longer the gantry to the world's fascinating class of super wealthy. The emergence of artificial intelligence has redefined ultra-rich status, making $200 billion the new benchmark.
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‘Billionaire arrogance is bane’: Zoho boss faces backlash for scepticism over HPV vaccine
Trending News 4 hr ago
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Sridhar Vembu doubts the effectiveness of the HPV vaccine for young girls and expressed concerns about adverse reactions after female students, who were administered the vaccine, fainted in Bihar. While some criticised his views, others argued that billionaires may not have expertise in all matters. CDC recommends the vaccine for children between 11-12 years.
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Sabarimala gold theft case: SIT arrests former official for falsifying temple records
India News 3 hr ago
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Former Sabarimala executive officer arrested for concealing gold-plating of Dwarapalaka idols in official documents. He is the third person arrested in the case, following the prime accused and a former administrative officer. The SIT is also interrogating a close aide of the prime accused and investigating two related cases of missing gold from the temple.
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Congress revamps Delhi unit, appoints six new district presidents & MCD bypoll in-charges
India News 5 hr ago
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Congress has announced a major reshuffle in its Delhi unit, appointing new District Presidents, senior observers, and ward in-charges for the upcoming MCD by-elections. The aim is to strengthen the party's district-level leadership and grassroots presence in the national capital. The list includes names for 12 wards, indicating a structured approach for the local electoral exercise.
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‘Stop grave and ongoing human rights violations’: India tells Pakistan
India News 5 hr ago
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India calls on Pakistan to end human rights abuses in illegally occupied Kashmir and dismisses Islamabad's accusations as hypocritical. Indian diplomat Bhavika Managalanandan highlights the people's participation in elections as proof of India's democracy, rejecting Pakistan's attempts to denigrate India. India reaffirms its commitment to human rights and cites the Gandhian legacy.
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Lucknow earns UNESCO ‘City of Gastronomy’ title
Lifestyle 5 hr ago
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Lucknow, famous for its Awadhi cuisine, was named the 'Creative City of Gastronomy' by UNESCO. It is only the second Indian city, after Hyderabad, to receive this honor. The city's food is a fusion of Persian, Indic, and Muslim influences and is supported by a strong community of chefs, traditional markets, and local food industries.
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FDA restricts cavity-fighting fluoride drug sales for children; Here’s why it may be risky
Life 5 hr ago
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The FDA has restricted the sales of fluoride-based drugs for children under 3 due to potential risks such as fluorosis and effects on neurocognitive, thyroid, and gut health. These drugs, commonly available off the shelf, are prescribed as supplements to prevent tooth decay but the American Dental Association disputes the FDA's claims, citing increased cavities in communities.
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‘Thousands of Christians are being killed’: Trump puts Nigeria on US watch list
World News 5 hr ago
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President Trump has declared Nigeria a "country of particular concern" due to the threat to Christianity. He has urged lawmakers to investigate the violence between Muslim and Christian communities, blaming radical Islamists. The White House and global leaders have expressed concern and called for action by the Nigerian government. US support has been promised to the Christian community.
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‘You’ll find out very soon’: Trump declines to rule out underground nuclear tests
World News 6 hr ago
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President Trump announced the U.S. will resume nuclear testing, but did not clarify if it would include underground tests. The move is seen as a message to China and Russia in light of renewed nuclear competition. The Pentagon supports the decision as a responsible way to maintain nuclear deterrence. No nuclear power has conducted explosive testing in over 25 years.
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‘Why not engage with Hinduism too?’ — JD Vance blasted by HAF over Usha’s faith remark
6 hr ago
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The Hindu American Foundation (HAF) has taken strong exception to US Vice President JD Vance’s recent remarks about his wife, Usha Vance, her Hindu background, and the possibility of her converting to Christianity. In a post on X (formerly Twitter), the group asked Vance why, if his wife had inspired him to reconnect with his Christian faith, he hadn’t shown the same curiosity toward Hinduism.
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10 stocks with up to 22% upside – Top brokerage Buys this week
Market 6 hr ago
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Markets had an interesting week with Nifty breaching 26,000 for the first time in 2025. FIIs were net buyers of over Rs 10,000 crore but also sold in the next two sessions. FinancialExpress.com covered top 10 brokerage reports, including Buy ratings on SBI Life Insurance, Tata Steel, L&T, Hyundai Motors, Federal Bank, and Dr Reddy's
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Pune man responds to ‘Pregnant Job’ ad online, loses Rs 11 lakh
India News 6 hr ago
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A resident of Pune has lost Rs 11 lakh in a scam after responding to an online ad offering Rs 25 lakh for impregnating a woman. The victim transferred money for fees before realising it was a fraud. Police are investigating the case and have warned citizens to be careful of such suspicious offers.
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‘We are monitoring each one of them’: Navy Vice Chief on presence of extra-regional powers
Business 6 hr ago
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The Indian Navy is closely monitoring foreign powers in the Indian Ocean with 40-50 ships at all times. They are prepared for any situation and track all foreign vessels entering or exiting the region. Challenges of piracy, human trafficking, and drug trafficking are a concern. 19 vessels will be inducted next year and 13 the year after.
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White House tightens press access, restricts reporters’ entry to press secretary’s office
World News 7 hr ago
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White House restricts journalists' access to top communications officials, citing need to protect sensitive material. Journalists now require prior appointment to access Room 140, near Oval Office. Move follows restrictions at Department of Defense, criticized by White House Correspondents' Association. Trump administration previously removed Reuters, AP, Bloomberg from permanent press pool.
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US Fed Governors want to halt rate cuts amid inflation worries: ‘We’re barely restrictive’
Investing Abroad 7 hr ago
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The US Federal Reserve announced a rate cut this week, lowering its benchmark interest rate by a quarter percentage point to a range of 3.75% to 4.00%. But the decision has faced resistance from several top Federal Reserve official, Reuters reported.
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Trump gives first CBS interview since lawsuit settlement, sits down for ‘60 Minutes’
World News 7 hr ago
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President Trump's exclusive interview with CBS News on "60 Minutes" was conducted by anchor Norah O'Donnell at Mar-a-Lago in Florida. The network settled a lawsuit with Trump for $16 million and made changes, including appointing a new ombudsman. Additionally, Bari Weiss was named editor-in-chief of CBS News and David Ellison took over the network.
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US Court halts Trump’s voter citizenship proof order
World News 8 hr ago
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A federal judge permanently blocked part of Trump's executive order to overhaul federal elections, ruling that requiring proof of citizenship before voting is illegal. The ruling came in response to lawsuits by groups including the Democratic National Committee and the ACLU, who argued that the order was unconstitutional and would make it harder for eligible voters to cast their ballot.
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Why did the US markets surge on Friday?
Business 8 hr ago
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Wall Street's major indexes closed higher on Friday, thanks to Amazon's impressive earnings forecast. But, the Federal Reserve's cautious stance on rate cuts dampened the mood. Despite this, the S&P 500, Nasdaq Composite, and Dow all saw weekly gains and their longest winning streaks in years. Other big companies, such as Apple, also posted strong earnings but faced supply issues.
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Newspoint: Playing to win
Sports 13 hr ago
This is an AI assisted summary.
Jemimah Rodrigues' unbeaten 127* against Australia in the Women's World Cup semifinal marked a historic moment for Indian women's cricket. Her performance, combined with India's victory over the seven-time champions, is a sign of redemption and inspiration for the team. Rodrigues' faith in Jesus and her contribution have brought hope and validation for the sport.
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Pre-defined UCC limit causes trade delay at MCX
Market 13 hr ago
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The Multi Commodity Exchange of India faced a four-hour trading delay on Tuesday due to a pre-defined parameter limit, but trading volumes and values still exceeded October's averages. Despite the glitch, the exchange is dedicated to improving operational strength and investing in advanced technology. The delay also led to increased volatility in gold and silver prices.
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Vedanta PAT dips 38% to Rs 3,479 crore on write-offs at Talwandi Sabo plant
Industry 15 hr ago
This is an AI assisted summary.
Mining company Vedanta's net profit declined by 38% in the quarter ending September 30 due to a loss of Rs 1,547 crore at its power plant. However, excluding one-time costs, profit after tax increased by 13%. The company also achieved record production of alumina and aluminium and aims to surpass its best Ebitda in the current fiscal year.
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Ad rates for ICC Women’s World Cup final up 40%
Sports 15 hr ago
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India's women's cricket team's historic win against Australia has led to a 40% increase in TV ad rates for the Sunday finale. Advertisers are eager to pay top dollar for ad spots, as brands from various categories are showing interest in partnering with women's cricket. The team's standout player, Jemimah Rodrigues, has helped raise the popularity of women's sports.
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Ford lines up Rs 3,250-crore plan to restart Chennai plant
Industry 15 hr ago
This is an AI assisted summary.
Ford Motor Company is investing Rs 3,250 crore to start powertrain manufacturing at its Chennai plant in India. The plant will produce advanced engines and create 600 jobs, boosting Tamil Nadu's automotive industry. This move is in line with Ford's global supply chain strategy and shows its dedication to India's manufacturing capabilities.
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CII for simpler TDS regime, faster dispute settlement
Industry 15 hr ago
This is an AI assisted summary.
CII urges for tax reforms to make India's tax system simpler, technology-driven and trustworthy in Budget 2026-27. This will reduce litigation, boost compliance, and align taxation policy with Viksit Bharat 2047. The industry body recommends fast-tracking tax dispute cases above Rs 100 crore for resolution within a year, elevating Taxpayers Charter to a Statutory Taxpayer Rights Charter.
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More leeway for CAs under new ICAI code
Industry 15 hr ago
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ICAI proposes to increase the statutory audit work limit for CAs from 30 to 40 firms, along with other relaxations such as holding non-educational seminars and advertising for clients. The draft Code of Ethics also allows CAs to take on more non-audit work, especially in the MSME space.
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Next-gen wealth planning now a boardroom priority
Money 16 hr ago
This is an AI assisted summary.
Wealth planning for generational transitions has become a strategic necessity for business families, with the establishment of governance structures and a focus on phased wealth transfer and tax strategy. Next-gen readiness is also emphasized, with curated learning and alignment of personal purpose with family legacy.
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Specialised investment funds for all market cycles
Market 16 hr ago
This is an AI assisted summary.
Eight asset management companies have introduced specialised investment funds (SIFs) with higher returns and unique strategies like volatility management and long-short exposure. These funds require a minimum investment of Rs 10 lakh and provide stability, liquidity, and predictability. While they are a valuable addition to a diversified portfolio, investors must carefully consider their options.
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Your income tax queries: Claim deductions on rental income in new tax regime
Money 16 hr ago
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The new tax regime allows for a 30% standard deduction on rented property and allows for losses from derivative trading to be offset against non-speculative business income. Self-employed architects can opt for presumptive taxation if gross receipts are under Rs 50 lakh. Gifts between siblings are tax exempt but should be reported in the ITR.
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Property titles to 45 million rural families by FY26-end
India News 16 hr ago
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The government aims to provide property titles to over 45 million rural families in nearly 3,46,000 villages by the end of FY26 through the central scheme Svamitva. So far, titles have been given to over 24.7 million people in 1,65,000 villages, with a target of reaching 45-50 million by FY26. The scheme uses drones and advanced mapping tools to clearly mark property boundaries.
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GCPL’s Q2 profit slips 6.5% to Rs 459 crore; buys Muuchstac brand for Rs 449 crore
Industry 16 hr ago
This is an AI assisted summary.
Godrej Consumer (GCPL) reported a 6.5% decline in net profit for Q2FY26 due to GST transitional issues. Revenue rose 4.3% y-o-y and Ebitda declined 3.5% y-o-y. The company is acquiring male grooming brand Muuchstac for Rs 449 crore to expand its presence in men's grooming, specifically in the men's face wash category.
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Narayana Health acquires UK’s Practice Plus Group Hospitals in a Rs 2,200 crore deal
Industry 18 hr ago
This is an AI assisted summary.
Narayana Health, an Indian healthcare provider, has acquired London-based Practice Plus Group Hospitals for Rs 2,200 crore. The deal aims to showcase India's healthcare skills globally and strengthen its presence in the global market. Narayana plans to use its technology and low-cost model to improve patient outcomes and operations.
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Swiggy’s fundraise to bring its reserves closer to Eternal
Industry 19 hr ago
This is an AI assisted summary.
Swiggy aims to raise Rs 10,000 crore through a qualified institutional placement to strengthen its cash reserves in the quick-commerce market. This will bring its total liquidity to Rs 17,000 crore, close to its rival Eternal's Rs 18,314 crore. However, analysts have given a mixed response to Swiggy's quarterly performance and fundraising plan, citing intense competition.
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Centre’s capex up 40% in H1, fiscal deficit widens
Business 19 hr ago
This is an AI assisted summary.
The Centre's fiscal deficit in the first six months of 2025-26 was 36.5% of the annual target, mainly due to a rise in capital expenditure and a decline in net tax revenues. The budgetary capital expenditure increased by 40% in H1FY26, contributing to the GDP growth of 7.8% in Q1.
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Subdued crude puts a lid on fuel inflation
Economy 19 hr ago
This is an AI assisted summary.
Fuel and power inflation in India has been on a downward trend for 10 quarters due to steady petrol and diesel prices since March 15, 2024. This, coupled with lower prices of non-subsidised LPG and aviation turbine fuel, resulted in a decline in the WPI fuel and power sub-index. The consumer price index also recorded a decrease in the fuel and light sub-index for six quarters before mild increase.
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Global leaders unite at REI 2025 to drive India’s net zero path
Industry 19 hr ago
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India's clean energy transition is gaining momentum with the 2025 editions of Renewable Energy India (REI) Expo and The Battery Show India (TBSI). Over 1,000 exhibitors, 1,400 brands, and 55,000+ industry professionals are participating in the three-day event to explore pathways to achieve net zero.
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Sebi’s move helps Nifty PSU Bank hit lifetime high
Market 19 hr ago
This is an AI assisted summary.
SEBI's new eligibility criteria for derivatives trading has led to the Nifty PSU Bank index reaching an all-time high of 8184.35 points. Nuvama Institutional Equities has listed potential entrants to the Nifty Bank index, with at least 2 new banks expected to be added. Yes Bank and Indian Bank are among the potential candidates, and SEBI has also limited the weight of top constituents.
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Q2 Earnings wrap today: Maruti Suzuki, Vedanta, BEL, Godrej Consumer and other key results
Business 19 hr ago
This is an AI assisted summary.
Indian companies reported mixed financial results in the second quarter of FY26. Vedanta's profits decreased, while ACC Cement's profits grew by 460%. Maruti Suzuki's domestic sales and margins were affected, while BEL saw a 25% revenue growth. Other companies like Godrej Consumer, Bharat Petroleum, Shriram Finance, GAIL India, and Mphasis also reported their earnings