Digital Financial News

17.11 / 07:55
markets Digital Experts PAM performer hospital reports Rats blamed for dead man's missing eye at Bihar hospital; Here's what happened
His body was left on an ICU bed overnight, as the post-mortem examination could not be carried out after dark. The autopsy was performed the following morning, on Saturday. «As the body was being brought from the morgue, we noticed that the left eye was missing and a surgical blade was lying on the stretcher beside the body,» a family member said.
17.11 / 07:55
markets Digital Manufacturing PAM country reports International India to be in focus for high-street fashion manufacturers: McKinsey & Company
The global consultancy firm said in the report that China's economic deceleration, changing consumer preferences and the return of international travel are making growth in the country highly challenging, leading international fashion brands to look to other Asian markets. The firm further added that the global fashion executives rank Asia growth markets as their top sourcing hotspots for the next five years, adding that the regulatory incentives in these countries fuel manufacturer capability building.
17.11 / 07:55
markets Digital CEO Strategy awards PAM reports Ritesh Agarwal to invest Rs 550 crore to increase his shareholding in Oyo
Oyo’s founder and CEO Ritesh Agarwal is slated to buy another Rs 550 crore worth of shares to increase his stake in the company, as per documents seen by ET. According to the documents accessed by ET, Agarwal is set to buy Rs 550 crore worth of shares at 42.60 per share, a 45% premium to his last purchase in August 2024. Oyo’s last funding round of $175 million was led by Agarwal who bought $100 million worth of shares. It also included participation from various family offices and private investors such as InCred Wealth, J&A Partners — the family office of Mankind Pharma promoters, ASK Financial Holdings and investor Ashish Kacholia.
17.11 / 07:55
markets Digital security Strategy Election Experts PAM Manipur Violence: Amit Shah cancels election rallies in Maharashtra, heads back to Delhi
Amit Shah on Sunday cancelled his rallies in poll-bound Maharashtra and is headed back to Delhi as the situation in Manipur continues to be volatile, according to sources. The home minister is likely to hold a meeting to review the situation in the northeastern state, the sources said. Irate mobs set fire to the residences of three more BJP legislators, one of whom is a senior minister, and a Congress MLA in various districts of Imphal Valley on Saturday night even as security forces foiled an attempt by agitators to storm the ancestral residence of Chief Minister N Biren Singh. Shah was supposed to attend a few election rallies as part of the BJP's campaign in Maharashtra but he has cancelled them and is returning to the national capital, the sources said.
17.11 / 06:33
markets Digital Aware CEO Strategy awards AIG WestBridge to float a general insurance JV with Neelesh Garg
WestBridge Capital is joining forces with Neelesh Garg, outgoing managing director and CEO of Tata AIG General Insurance, to launch a new general insurance joint venture with a focus on AI-powered, digital-first services, two people aware of the development said. This will mark the Bengaluru-based private equity firm’s second investment into the insurance sector following its successful part-exit from Star Health Insurance through its IPO in 2021. WestBridge, which manages over $8 billion in investments in India, will hold a majority stake in the proposed venture, with Garg taking a 10% ownership position, people cited above said.
17.11 / 06:33
markets UPS Digital Cooper Strategy A Banana on the wall: Maurizio Cattelan’s ‘Comedian’ set to fetch $1.5 million
contemporary art world, it carries a price tag of up to $1.5 million. Maurizio Cattelan’s conceptual artwork, titled Comedian, is set to go under the hammer at Sotheby’s in New York on November 20, with an estimated value between $1 million and $1.5 million. First introduced in 2019 at the Art Basel Miami Beach fair, Comedian quickly became a cultural sensation. The piece featured a fresh banana taped to a wall with silver duct tape. Its absurdity, coupled with its hefty price, sparked debates on art, value, and consumerism. Three editions of the artwork sold for $120,000 to $150,000 each at the fair, despite one banana being eaten by another artist during the event. More Than a Fruit
17.11 / 06:33
markets Digital Manufacturing Strategy awards country consequences Dr Reddy's, FDC recall products in US for manufacturing issues
Dr Reddy's Laboratories and FDC Ltd are recalling generic medications in the US market due to manufacturing issues, according to the US health regulator. As per the latest Enforcement Report by Food and Drug Administration (USFDA), the US-based subsidiary of Dr Reddy's Laboratories is recalling multiple strengths of Morphine Sulfate extended-release tablets in the US. The medication is used to relieve severe and persistent pain. As per the USFDA, Princeton-based Dr Reddy's Laboratories Inc is recalling 2,040 bottles of 15 mg Morphine Sulfate extended-release tablets due to «Failed Impurities/Degradation Specification».
17.11 / 06:13
markets Digital Experts Amicus PAM Courts SC to hear plea seeking enforcement of measures to curb pollution in Delhi
Supreme Court is scheduled to hear on Monday a plea seeking enforcement of measures to curb air pollution in the national capital. Delhi woke up to toxic air conditions on Sunday as the Air Quality Index (AQI) was recorded in the «severe» category. The AQI stood at 429 at 9 am, according to the 'Sameer App', which provides hourly updates from the Central Pollution Control Board (CPCB). The 24-hour average AQI was recorded at 417 at 4 pm on Saturday. As per the cause list of November 18 uploaded on the apex court website, a bench of Justices Abhay S Oka and Augustine George Masih is slated to hear the plea.
17.11 / 06:13
markets UPS Digital awards Trade Experts PAM Assam tea industry thrives despite climate impact, sets new revenue milestones
tea trade association has expressed optimism and enthusiasm as the tea industry witnessed significant growth, with over Rs2,800 crore worth of tea sold at the Guwahati Tea Auction Centre (GTAC) during the current financial year (2024-2025) so far. According to official data from the GTAC, approximately 111.03 million kg of tea was sold at an average price of Rs252 per kg until October of the ongoing financial year. In comparison, during the same period in the 2023-24 financial year, 102.92 million kg of tea was sold at an average price of Rs200.08 per kg. Dinesh Bihani, Secretary of the Guwahati Tea Auction Buyers' Association (GTABA), told ANI, «Compared to the previous year, we have achieved an increase of Rs52.75 per kg this year. Last year, we sold tea worth Rs2,059 crore from April to October, whereas this year, during the same period, we sold tea worth Rs2,807 crore. Last year, we sold 102.92 million kg of tea, and this year, it increased to 111.03 million kg.»
17.11 / 06:13
markets Digital Sustainability Research students Universities reports DU unveils ambitious satellite system plan for real-time student exchanges
Delhi University is in the process of realising a future where students can collaborate in real-time with peers from universities around the world, using satellite technology for seamless communication and remote learning. The university is set to implement a satellite system initiative which will make this a reality under its newly approved Institutional Development Plan (IDP), reported TOI. The plan outlines both short-term and long-term goals, including infrastructure enhancements and sustainability efforts, such as recycling programs, water conservation, and the introduction of electric vehicles on campus. The satellite initiative is a major step forward for the university, aiming to integrate cutting-edge technology into education. «It will facilitate global digital connectivity while also contributing to national priorities in security, navigation, and environmental monitoring,» said a senior official. Through partnerships with organisations like ISRO, DU hopes to provide students and researchers with access to crucial data and resources worldwide, according to the TOI report.
17.11 / 06:13
markets Digital Strategy Opinion Courts Sean 'Diddy' Combs: Is the music mogul influencing and contacting witnesses from jail? Here's what prosecutors are saying
The involved prosecutors made the allegations in a court filing, urging a judge to reject his latest bail request. The government accusations were made in a Manhattan federal court filing late Friday that opposes the music mogul’s latest $50 million bail proposal.
17.11 / 05:29
markets Digital Strategy LEH reports travelers Government considers Rs 6,000 cr tunnel to link Leh with Pangong
Ladakh, as per a TOI report. The tunnel is expected to facilitate smooth movement of travellers and military personnel between Leh and Pangong Lake. TOI says that the home ministry held meetings on the issue this week. The project is likely to cost around Rs 6,000 crore, sources said. «It's a tough and high-cost project. A call is likely to be taken soon. It's a strategic road and will reduce the travel time from Leh to Pangong substantially. The project is at a very nascent stage,» a source said. Sources said options are being explored whether Border Road Organisation or the National Highway and Infrastructure Development Corporation under the road transport ministry would build the strategic tunnel to provide all-weather connectivity.
17.11 / 05:29
markets UPS Digital Waters Food Research Experts Startups turn to ponds to find the next climate-fighting superfood
The tiny plant has many aliases, including more enticing ones like water lentils and lemna, and it’s got some momentum: Whole Foods Market Inc. named it one of the top food trends of 2025 while startup Plantible announced it raised a $30 million Series B funding round on Friday. There’s still a long road ahead for water lentils to go mainstream, though, and with one startup already failing, there are concerns the plant may struggle to reach widespread adoption. Companies are harvesting and marketing the plant that grows like, well, a weed. They’re finding a variety of uses, including selling the seeds whole as a way to add nutrients to everyday meals or drawing out the chemical properties to act like eggs or enhance flavors.
17.11 / 05:29
markets Digital Waters Strategy wellness Schools BJP forms 12-member manifesto committee for Delhi assembly polls
Ramvir Singh Bidhuri to spell out its poll promises and vision for Delhi ahead of the assembly polls due in February next year. The committee includes three former Union ministers, as well as other experienced party leaders, including Harsh Vardhan, Meenakshi Lekhi, Vijay Goel, Arvinder Singh Lovely Parvesh Verma, Satish Upadhyay and MLA Ajay Mahawar, a Delhi BJP statement said. Bidhuri charged that Delhi was turned into a «slum» under the AAP's 10-year rule with the collapse of basic facilities like roads, drains, drinking water and civic infrastructure, and the BJP manifesto will explain how a turnaround will be brought about if the party won the election. «The manifesto document will also script how the BJP will fulfil the aspirations and needs of Delhi people that were neglected and betrayed by AAP,» he said.
17.11 / 04:49
markets Digital President Experts PAM social Videos Brazil's first lady insults Elon Musk at G20 social event
Janja Lula da Silva, swore at billionaire Elon Musk during a G20 social event on Saturday at which she spoke about the need to regulate social media to rein in misinformation. A ship's horn sounded as she spoke and she joked, «I think it's Elon Musk,» before adding, «I'm not afraid of you, fuck you, Elon Musk.» Musk, owner of social network X, reacted to a video of her remarks by posting a laughing out loud emoji graphic. In another post, he added, «They are going to lose the next election,» in a reference to President Luiz Inacio Lula da Silva.
17.11 / 04:49
markets Digital security Death Experts PAM stage Situation calm but tense in Manipur, curfew remains imposed, internet suspended
Jiribam since Monday following a gunfight between militants and security forces that led to the deaths of 10 insurgents. The bodies of the two women and a child were recovered from Barak River in Jiribam on Saturday, while three other bodies, including those of a woman and two children, were found on Friday night. Piles of debris remained on the roads of state capital Imphal on Sunday morning, a day after protestors staged violent protests over the deaths, attacking the residences of three state ministers and six MLAs.
17.11 / 03:27
markets UPS Digital Election President War information Trump has put an end to an era. The future is up for grabs.
Kamala Harris lost the presidential election, but one of her campaign slogans was vindicated in defeat. «We're not going back!» the Democratic nominee insisted on the campaign trail, and she was unintentionally correct: Donald Trump's return to power is proof that we have lived through a real turning point in history, an irrevocable shift from one era to the next. In Trump's first term, he did not look like a historically transformative president. His victory was narrow. He lacked real majority support. He was swiftly unpopular and stymied and harassed. Even if his 2016 upset proved that discontent with the official consensus of the Western world ran unexpectedly deep, the way he governed made it easy to regard his presidency as accidental and aberrant — a break from a «normal» world of politics that some set of authority figures could successfully reimpose.
17.11 / 02:41
markets Digital Extreme community War peace Trump's pro-Israel cabinet picks upset Muslims who voted for him
Donald Trump to protest against the Biden administration's support for Israel's war on Gaza and attacks on Lebanon have been deeply disappointed by his cabinet picks, they tell Reuters. «Trump won because of us and we're not happy with his secretary of state pick and others,» said Rabiul Chowdhury, a Philadelphia investor who chaired the Abandon Harris campaign in Pennsylvania and co-founded Muslims for Trump. Muslim support for Trump helped him win Michigan and may have factored into other swing state wins, strategists believe.
17.11 / 02:41
markets COST UPS Digital Experts PAM country Egypt's middle class cuts costs as IMF-backed reforms take hold
The world lender has long backed measures in Egypt including a liberal currency exchange market and weaning the public away from subsidies. On the ground, that has translated into an eroding middle class with depleted purchasing power, turning into luxuries what were once considered necessities.
17.11 / 02:41
markets Digital security Experts PAM reports Two flash bombs fired into garden of Netanyahu's home in north Israel
flash bombs were fired towards Israeli Prime Minister Benjamin Netanyahu's home in the northern Israeli town of Caesarea on Saturday and fell into the garden, police said. Neither Netanyahu nor his family were present and there was no damage reported, it added in a statement. Israeli Defence Minister Israel Katz said the incident crossed «all red lines» in a post on X early on Sunday.
17.11 / 02:41
markets Digital Experts PAM country Arsenal Biden, Xi agree that humans, not AI, should control nuclear arms
Joe Biden and Chinese President Xi Jinping agreed on Saturday that human beings and not artificial intelligence should make decisions over the use of nuclear weapons, according to the White House. «The two leaders affirmed the need to maintain human control over the decision to use nuclear weapons,» the White House said in a statement. «The two leaders also stressed the need to consider carefully the potential risks and develop AI technology in the military field in a prudent and responsible manner.» An official Chinese government summary of the meeting echoed this point. The Chinese foreign ministry did not immediately respond to a request for comment.

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