Jio Platforms IPO day 2: 5.2 times subscribed, institutions far ahead of retail; price band, dates and GMP

Wall Street: chips lift Nasdaq 0.83% as Apple drags the Dow; AMD and Arista jump after the close

The Nasdaq rose 0.83% to 25,372.01 on 3 November as chip stocks rebounded from a steep October selloff, and the S&P 500 gained 0.36%. Apple fell 1.9% on a weaker margin outlook and pulled the Dow down 197 points. AMD and Arista surged after hours on strong results.

Reyaansh Agarawal•7 hours ago5 min

Reliance posts record Rs 62,409 crore EBITDA as refining drives 85% of the gain; shares jump nearly 12%

Reliance's September-quarter revenue rose 27.8% to Rs 3,62,268 crore and EBITDA 23.9% to a record Rs 62,409 crore. Oil-to-chemicals supplied about 85% of the EBITDA rise, Jio grew steadily and retail slipped. The shares gained nearly 12%, their best day since April 2020.

Amita Sahani•8 hours ago5 min

Disney preparing thousands of layoffs as managers told to find 20% in savings, fourth round this year

Disney is moving towards thousands of job cuts, with some managers told to find 20% in annual savings, reports citing people familiar say. Theme parks, TV networks and the film studio would be hit hardest. It would be the fourth round this year under CEO Josh D'Amaro; Disney declined to comment.

Reyaansh Agarawal•21 hours ago5 min

SBI Q2 profit rises 14.3% to Rs 23,038 crore, NII up 14.7%, NPAs fall; Rs 7,288 crore one-time gain helps

SBI's September-quarter standalone profit rose 14.3% to Rs 23,038 crore, above the Street's Rs 22,619 crore, with net interest income up 14.7% to Rs 49,143 crore and gross NPAs at 1.39%. The profit includes about Rs 7,288 crore from selling part of its SBI Funds Management stake.

Subhash Gupta•21 hours ago5 min

Sensex surged 1,225.07 points to close at 76,917.85 on 3 November 2026, ending at the day’s high. Nifty 50 rose 370.05 points to 23,810.85 as financials and FMCG led gains on easing crude and renewed foreign buying.

Reyaansh Agarawal•22 hours ago3 min

Fairfax's Rs 52,878 crore IDBI Bank buyout: Watsa says bank's excess capital can fund his businesses

Fairfax would buy 60.72% of IDBI Bank for Rs 52,878 crore in cash (Rs 81 a share) from the government and LIC. Prem Watsa has said IDBI's own excess capital could pay for Fairfax's other businesses, which analysts question. RBI and SEBI clearances and an open offer are still needed.

Reyaansh Agarawal•1 day ago5 min

GST collections rise 22.9% to Rs 2.31 lakh crore in October as import revenue jumps 42%

Gross GST collections were Rs 2.31 lakh crore in October, up 22.9% from Rs 1.88 lakh crore a year earlier; net collections rose 25.6% to Rs 2.03 lakh crore. Import revenue rose 42.2% and domestic revenue 15.8%. Some reports say record, but it is the second-highest month this year after April.

Reyaansh Agarawal•1 day ago2 min

Two tankers explode in Hormuz as Iran claims mine strikes; Brent slips to $111 on a two-day reopening plan

Iran's Guards say two tankers, one a supertanker, exploded after hitting mines in Hormuz on 1 November, a claim not independently verified. Brent fell about 2% to around $111 as Iran said Qatar's two-day plan to reopen the strait is on the table. India sources 35–50% of crude via Hormuz.

Amita Sahani•2 days ago2 min

Canada and UAE sign trade deal cutting tariffs on over 99% of Canadian exports, plus defence and energy pacts

Mark Carney and Abu Dhabi Crown Prince Sheikh Khaled signed a trade agreement in Ottawa on 27 October, negotiated in 47 days, cutting tariffs on over 99% of Canadian exports to the UAE from 2027. They also signed defence, energy and diplomatic-training deals and agreed to start extradition talks.

Subhash Gupta•2 days ago3 min

Amul launches High Protein Cubes: 25 g protein and 150 kcal in a 38 g pack, priced at Rs 80, in five flavours

Amul has launched High Protein Cubes, a snack with 25 g protein (65%) and 150 calories in a 38 g pack, priced at Rs 80. A box has five packs and seasoning sachets in five flavours, sold via the Amul Shop app. Reports differ on whether Rs 80 is per pack or per box.

Reyaansh Agarawal•2 days ago2 min

Windfall tax revised: diesel export levy Rs 11.50 a litre, ATF Rs 11, petrol export duty scrapped

The Finance Ministry has raised the export levy on diesel to Rs 11.50 a litre from Rs 8.50 and on aviation turbine fuel to Rs 11 from Rs 10.50, and cut the petrol export levy to zero from Rs 2.50. The new rates apply from 31 October for the next fortnight; domestic duties are unchanged.

Prateek Rawat•3 days ago3 min

Tamil Nadu liquor costs Rs 10 more a bottle from 1 November; digital payment mandatory above Rs 1,000

From 1 November every bottle of liquor sold by TASMAC in Tamil Nadu costs Rs 10 more, because the maximum retail price now includes an environment and social welfare cess. The separate buy-back charge is folded into the price, and purchases above Rs 1,000 at state-run outlets must be paid digitally.

Subhash Gupta•3 days ago3 min