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Shiv Sena (UBT) leader Uddhav Thackeray on Monday alleged that PM Narendra Modi and Union Home Minister Amit Shah were trying to create a rift between Hindus and Muslims while campaigning for Maharashtra assembly elections. Addressing a poll rally at Wani in Yavatmal district, Thackeray said the «Modi guarantee» does not work in Maharashtra. «Only 'Hinduhriday Samrat' Balasaheb Thackeray's writ is followed in Maharashtra», he added. The Maha Vikas Aghadi (MVA) of Shiv Sena (UBT), NCP (SP), and Congress is locked in a tight contest with the Mahayuti alliance, comprising BJP, Shiv Sena, and NCP- for the November 20 assembly elections. «I don't have any issue with PM Modi and Amit Shah addressing rallies in Maharashtra. However, the way they are trying to create a rift between Hindus and Muslims with 'Katege to Batenge' slogans is not right,» Thackeray said.

Keystone Realtors, which operates under the brand Rustomjee, is confident of exceeding its guidance of Rs 4,000 core for project additions during the current financial year 2024-25 in the backdrop of a robust deal pipeline, said a top company official. The listed company has added 3 new projects with a total gross development value (GDV) of over Rs 1,333 crore in the quarter ended September taking it to over Rs 2,300 crore in the first half of the financial year. Apart from these projects in the redevelopment space, the company has also forayed into the fast-growing market for plotted developments with the acquisition of an 88-acre plot in Kasara near Mumbai.

As India marches toward its ambitious 2070 Net-Zero goals, a transformation in infrastructure is not just necessary but urgent. With a rapidly growing population and increasing urbanization, the strain on India’s centralized energy grid is apparent. Traditional infrastructure, heavily reliant on coal, oil, and gas, struggles to meet the surging demand, leading to frequent outages, high energy costs, and increased greenhouse gas emissions.

Donald Trump will inherit, to all appearances, a solid economy when he assumes the presidency in January. After all, the stock market is at record highs, unemployment is low by historical standards and gross domestic product has been expanding at a healthy pace of around 2.5% so far this year. Yet there’s a reason for voter dissatisfaction with the economy and, beneath the surface, there are several risks for Trump 2.0 as he thinks about enacting his trade and fiscal agenda. Let’s start with jobs. Trump took over a stable labor market in 2017, with the unemployment rate falling throughout the previous year and payroll growth steady at roughly 200,000 a month. That’s not true this time around: The jobless rate has been on the rise, hiring is below normal and payroll growth has cooled since the first quarter. The three-month average for private payrolls additions at 78,000 from June to August was the slowest since 2010 outside of the pandemic period. (The September number is still subject to revision and October was heavily affected by a strike and hurricanes). The level of job openings relative to the size of the workforce has fallen back to pre-Covid levels and continues to decline. While the deterioration in the labor market has been gradual, Trump’s team will need to reverse this negative momentum quickly if he wants to sustain the economic expansion and hold on to his electoral gains in the 2026 midterm elections.

Muhammad Yunus, chief adviser of Bangladesh interim government congratulating US President-elect Donald Trump and calling him 'messiah' is going viral on social media. The viral letter has been posted on social media with a caption which reads, «Hitler md Yunus Wrote Trump is the messiah. #Bangladesh. Then What About black days of America? Solar eclipses in USA, Inhuman trump that you Speech Against president Trump? (sic).» The letter is going extremely viral on Facebook and X.

Swiggy and Zomato, are testing various services to diversify beyond their core operations, sources close to the matter shared. Bengaluru-based Swiggy is piloting a new services marketplace called 'Yello,' offering customers access to professionals such as lawyers, astrologers, dieticians, therapists, and fitness trainers. According to insiders, this initiative could potentially be hosted within the main Swiggy app or as a separate platform. This move aligns with Swiggy’s larger goal of expanding beyond food and grocery delivery. Swiggy is also exploring a premium membership service named ‘Rare,’ catering to affluent customers with perks like access to exclusive events and priority restaurant reservations. These offerings signal a strategic push into high-value services as Swiggy nears its planned stock market listing on November 13.

Edtech startup Bhanzu raised $16.5 million (about Rs 139 crore) in a funding round led by venture capital firm Epiq Capital at a valuation of about $120-122 million. The round also saw participation from Mumbai-based venture fund Z3Partners and existing investors Lightspeed Ventures and Eight Roads. The funds will be used for expanding its presence in the US and for investing in generative artificial intelligence (Gen AI).

Subscribe to enjoy similar stories. In the lead-up to elections, Indian politics frequently centres around promises of state-sponsored ‘freebies’—or giveaways aimed at winning voter support. These range from free electricity and water to subsidized rice and laptops.

Sterlite Power on Monday said it received orders worth around Rs 1,200 crore across its Global Products and Services (GPS) business in September quarter. Its GPS business focuses on sustainable products, and specialized Engineering, Procurement, and Construction (EPC) services. The cumulative order win in April-September FY25 is Rs 2,700 crore, it said. In September quarter, it bagged new orders totalling Rs 800 crore for high-performance conductors and Optical Ground Wire (OPGW) products. In the domestic segment, the major orders were towards supply of conductors for green energy transmission projects including Angul-Paradeep, Yalwar, and Runija-Indore transmission lines. The export segment saw order wins for high-performance green products from the US, the European Union, Africa, and the Middle East. The company also received India's first 144-fiber count OPGW cable order from a state utility.

Reliance Industries, MD Mukesh Ambani, the Navi Mumbai Special Economic Zone and the Mumbai SEZ. The case was related to alleged manipulative trades in shares of the erstwhile Reliance Petroleum (RPL). In January 2021, Sebi had imposed a penalty of Rs 25 crore on RIL and Rs 15 crore on Ambani. It had also asked the Navi Mumbai SEZ to pay a penalty of Rs 20 crore. RPL was absorbed into RIL in 2009.

Maratha-OBC quota issue and trends in onion prices are among the campaign themes likely to impact the poll outcome in Maharashtra's Yevla assembly constituency from where NCP minister Chhagan Bhujbal is seeking a re-election. Located in Nashik district, Yevla is home to one of the biggest onion wholesale markets in the country. NCP heavyweight Bhujbal's aggressive stance against Maratha quota activist Manoj Jarange has endeared him to the OBC communities, but may put off a section of Marathas in his first electoral battle since the split in the party. His one time aide and now rival NCP (SP) candidate Manikrao Shinde, who belongs to the Maratha community, claimed voters in the constituency support his party head Sharad Pawar and this would go in his favour.

Vinit Sambre, Head-Equities, DSP Mutual Fund, says the visibility of good growth, cash flows, ROEs going forward over the next one or two years is going to get rewarded as there is an overall slowdown in the earnings. Within each category, it is going to be pretty stock specific because there is a significant divergence in the performance across the same categories across different companies. There is a good outlook on the consumer discretionary category as cyclical recovery should see that category doing well going forward. Sambre is positive on the banking sector and says the IT sector looks decent. He likes QSRs and says consumer discretionary is something they believe in long term. Sambre says there are sectors like utilities, and some engineering companies, which are trading at expensive valuations where he is a bit more wary about taking high exposures. What explains the market mood that we are in and when do you expect a reversal of sorts? Is it likely to happen in a few weeks or is it a matter of a few months before we see a resumption of the uptrend? Vinit Sambre: When we look at the markets over the last couple of weeks, there is good weakness which has happened.

mutual funds invest most of their corpus in the large and mid cap stocks. As per the Sebi mandate, these schemes are open-ended equity schemes that invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks. However, this definition does not tell the whole story about the large & mid cap category. Consider this: The 35% mandatory investments in mid cap stocks make them risky. However, they are less risky than pure mid cap schemes that invest around 65% in mid cap stocks. Also, the 35% investments in large cap investments offer them some stability. But they are riskier than pure large cap schemes. Then there is the question of the remaining 30% of the corpus. The fund manager has the option to decide where the money will be invested. If he thinks the large cap space is attractive, he may invest in large cap stocks. If he thinks mid cap and small cap stocks are poised to take off, he may invest in them. As you can see, these investments may increase or decrease the risk in these schemes.

Donald Trump has offered Republican Representative Elise Stefanik the job as U.S. ambassador to the United Nations, CNN reported on Sunday, citing two unnamed sources. Reuters earlier reported that Stefanik, a fierce Trump ally, was under consideration for the role. «President-Elect Trump will begin making decisions on who will serve in his second Administration soon. Those decisions will be announced when they are made,» Karoline Leavitt, a spokeswoman for Trump-Vance team said in an emailed statement, without confirming or denying the CNN report.

Sensex and Nifty50, opened lower for the third consecutive session on Monday, as concerns over weak earnings and continued foreign outflows weighed on domestic equities. At 9:35 am, the BSE Sensex was down 34.20 points, or 0.04%, at 79,452, while the Nifty50 lost 8.80 points, or 0.04%, trading at 24,139.40.

Global brokerage firm Jefferies has cut FY25 earnings estimates for 63% of 121 companies, its highest downgrade ratio since early 2020. Earnings cut by Jefferies analysts imply a 2.2-2.5% cut in Nifty earnings estimates during the ongoing results season.

content licensing deals with Gen AI companies gain traction, academic book publishers find themselves in a dilemma: ‘Are we be making a deal with the devil?’ While licensing might seem like fair compensation for using authored material to train AI models, experts suggest, this may not be a permanent solution. Once trained, these models can generate new content autonomously, thereby making it difficult to establish the rights of authorship. The Indian Reprographic Rights Organization (IRRO) which represents 113 global and Indian publishing houses like Pearson, Oxford, S. Chand etc. said, it is cautious of these factors as AI companies are approaching the body for content outsourcing rights.

Subscribe to enjoy similar stories. Higher government spending, and wedding and festival season uptick in sales could enable Nifty to notch the Street estimated earnings of ₹1,059 per share in the current fiscal. The real worry is the FY26 Nifty 50 EPS estimate of ~ ₹1,200-1,250, an 18% growth over that in FY24, which looks tough, given an estimated 5% earnings growth in the current fiscal, believes Nilesh Shah, managing director (MD) of Kotak Mahindra Asset Management Co.

Reserve Bank of India (RBI) Governor Shaktikanta Das has said the October inflation print could exceed September's 5.5%, and odds have lengthened on a durable win against inflationary pressures after the Trump victory raised the likelihood of both higher US borrowing and consumer prices — a combination that limits headroom to lower rates more quickly in the world's biggest economy.

A year ago, sales had grown 15% while profit expanded 26%, indicating that P&G's growth rate halved amid falling demand in the Indian consumer goods market after the pandemic-induced boom. P&G India reported sales of ₹17,429 crore and net profit of ₹1,583 crore in FY24 across its four companies-pharmaceuticals firm P&G Health, shaving products maker Gillette, P&G Health & Hygiene and P&G Home Products. In India, P&G competes mostly with Unilever's local unit Hindustan Unilever (HUL), which is over three times its size.

HDFC Capital, the real estate private equity arm of HDFC Group, has formed a partnership with realty developer Runwal Enterprises to set up a platform for developing residential projects for affordable, mid-income and upper mid-income families. As per the terms of the pact, HDFC Capital will be investing more than '1,150 crore to support the development of sustainable housing projects in Mumbai. These projects will have an estimated revenue potential of more than $1 billion. «HDFC Capital is committed to forging long-term partnerships with leading developers like the Runwal Group, with a proven track record of development and delivery. Through this collaboration, we aim to address the growing demand for sustainable, high-quality homes for affordable and middle-income families in India,» Vipul Roongta, managing director and CEO, HDFC Capital, told ET.