Mahanadi Coalfields Limited, a subsidiary of Coal India, has filed its Red Herring Prospectus for an initial public offering estimated at ₹9,500 crore. The offering consists of an offer for sale of 66.18 crore equity shares, representing 10% of Coal India's stake. The move is part of a broader strategy to unlock value in subsidiaries.
Former IT professionals Diya Krishnakumar and Adithya Natarajan founded Wellfed, a Bengaluru-based meal subscription startup, with a ₹15 lakh investment. Between January and September 2026, the company earned ₹56 lakh in revenue, serving over 1,500 customers and delivering more than 55,000 meals. The startup focuses on providing nutritious, familiar home-style Indian food to busy professionals.
Goldman Sachs forecasts a 14% rise for the S&P 500, targeting 8,700 points over the next 12 months. While corporate earnings growth in the U.S. may drop to 11% in 2027, the firm cites attractive valuations and lower inflation as drivers for positive returns. Meanwhile, AI sector sentiment remains weighed down by uncertainty surrounding Nvidia’s leadership.
Yes Bank has officially rejected media reports alleging it suffered a $3.4 million loss due to a cyber fraud incident. The bank continues to navigate a legal challenge from Axis Trustee Services concerning the delayed reinstatement of Additional Tier-1 bonds valued at Rs 8,415 crore. The lender maintains that its digital security infrastructure remains robust.
SpiceJet’s board will meet on November 18 to consider raising fresh capital through equity or debt instruments. The airline is currently grappling with mounting financial challenges, which have led to flight cancellations and disputes over payments at Dubai International Airport. Simultaneously, the Delhi High Court recently dismissed the airline's plea for more time to pay dues to Kalanithi Maran.
India's merchandise exports climbed 45% to a record $49.47 billion in October 2026. Despite this performance, a rise in import costs pushed the goods trade deficit to $39.88 billion, the highest this year. Overall, including services, exports hit $89.99 billion, helping the total trade gap narrow compared to the same period last year.
Domestic passenger vehicle wholesales reached a record 5.19 lakh units in October, a 12.4% year-on-year increase. Two-wheeler sales rose by 16.1% to 25.78 lakh units, while three-wheeler dispatches grew by 25.7% to 1.03 lakh units. Total production across all vehicle segments surged by 28.64% compared to October 2025, according to SIAM data.
Jagatjit Industries reported a narrowed net loss of Rs 3.96 crore for the September quarter as revenue climbed to Rs 195.43 crore. Meanwhile, Vodafone Idea posted a net loss of Rs 5,975 crore despite a 6.2% revenue rise to Rs 11,884 crore, driven by network expansion and higher subscriber realisations.
Budget carrier SpiceJet will hold a board meeting on November 18 to discuss proposals for raising fresh capital. The move comes as the airline grapples with significant financial and operational headwinds, which have led to flight curtailments. Following the announcement, SpiceJet shares rose nearly 5% to ₹8.67 on the Bombay Stock Exchange.
Paytm's subsidiary, Paytm Payments Services Limited, has received preliminary RBI approval to operate as a prepaid payment instrument issuer. The company must now complete a systems and cybersecurity audit within six months to secure final authorization. This follows previous regulatory actions that had forced the firm to suspend fresh wallet deposits and top-ups.
MSCI has added LIC, Coforge, Adani Green Energy, and Meesho to its Emerging Markets Standard Index, effective November 30. PI Industries was excluded from the index. These changes are expected to draw substantial passive inflows into the newly added stocks, while India's overall weight in the index will rise to 11.7%.
Nvidia has named finance chief Colette Kress as interim CEO following the resignation of co-founder Jensen Huang. The leadership change comes after reports surfaced regarding Huang and an alleged Chinese spy. Kress, who joined Nvidia in 2013, previously held finance roles at Microsoft and Cisco, and she currently ranks 32nd on Forbes’ list of America's richest self-made women.
Nvidia’s board is currently deliberating the future of CEO Jensen Huang following reports regarding his involvement with a former executive suspected of being a Chinese agent. While no official successor has been named, Indian-origin veteran Jay Puri is being cited as a potential candidate, alongside others including CFO Colette Kress and engineer Ian Buck.
A report by ETMarkets identifies 36 stocks held by only one mutual fund scheme, each with an investment value exceeding Rs 10 crore. Among these, nine stocks have rallied between 50% and 145% in 2026. Data from ACE MF and ACE Equity highlights that two of these companies have more than doubled in value this year.
The RBI has issued the 'Domestic Money Transfer Directions, 2026', effective immediately. The new framework streamlines small-value transfers, allowing walk-in bank customers to remit up to ₹50,000 via NEFT. It also sets specific limits for ATM and business correspondent transactions to ensure secure fund movement for individuals, including those without traditional bank accounts.