Sebi proposes to tweak its framework for ESG Rating Providers, exempting those using a subscriber-pays model from disclosing ratings to stock exchanges, and mandating simultaneous sharing of reports with subscribers and rated issuers. The regulator seeks to enhance clarity, transparency, and regulatory alignment of ESG ratings.

Coal India is yet to reach half of its production target for financial year 2025, seven months into the year, according to its production and offtake data for the month of October. Production for the month of October increased by 2.3% from the same period last year to 62.5 million tonnes (MT) from 61.1 MT last year.

Private health insurer Niva Bupa Health Insurance Company has filed red herring prospectus with the Registrar of Companies, and has decided to open its Rs 2,200-crore initial share sale for subscription on November 7.The IPO is a combination of fresh issuance of equity shares worth Rs 800 crore, and an offer-for-sale of Rs 1,400 crore worth shares by promoters.

India’s Adani Power Jharkhand Limited (APJL), a wholly-owned subsidiary of Adani Power, has stopped half of its power supply to Bangladesh because of outstanding bills of USD 846 million, according to a local media report on Friday. Data from Power Grid Bangladesh PLC showed the Adani plant reduced supply on Thursday night, The Daily Star newspaper said.

US government debt rallied after the economy generated just 12,000 jobs last month, bolstering expectations that the Federal Reserve will lower interest rates next week. Treasuries advanced on Friday, led by the short-end, pushing the yield on policy-sensitive two-year notes lower by 10 basis points. Traders added to bets that policymakers will cut rates by a quarter-point on November 7.

Amazon (AMZN) stock popped almost 6% on Friday after the company reported stronger revenue and earnings per share for the third quarter than Wall Street expected. The company said on Thursday that it expects revenue in a range of $181.5 billion to $188.5 billion in the fourth quarter. Analysts had forecast $186.36 billion in revenue for the quarter.

Atul Suri, CEO of Marathon Trends-PMS, believes the Nifty 50 could reach 29,000 to 30,000 by next Diwali. Suri clarified that he is not setting any specific targets but expressed optimism, saying, "As an investor, I do see the next 12 months continuing to be rewarding." He noted that it's important to watch the 23,200 zone on the downside carefully, as he expects it to be a strong support level.

Europe’s investors are bracing for a potential victory for Donald Trump, which last time around drove the sharpest underperformance in regional equities relative to US peers during any of the last eight American administrations. While S&P 500 companies derive 72% of their sales in the US, members of Europe’s Stoxx 600 make only 40% within their own region.

Maruti Suzuki India on Friday reported its highest ever monthly sales in October at 2,06,434 units, a 4% Y/Y growth over the same month last year. The auto major had sold a total of 1,99,217 units in the same month last year, Maruti Suzuki India said. Total domestic passenger vehicle sales were at 1,59,591 units last month compared with 1,68,047 units in year-ago month, a decline of 5%, it added.

U.S. stock index futures rose on Friday, buoyed after upbeat earnings from Amazon offset a tech-led selloff in the previous session, as investors awaited crucial nonfarm payrolls data for clues on the Federal Reserve's interest-rate trajectory. Amazon.com soared 5.8% in premarket trading, as strong retail sales lifted its profit above Wall Street estimates.

Meta Platforms forecasts Q4 revenue in the region of $45 billion to $48 billion, and overall capital spending for 2024 will be between $38 billion and $40 billion. The spending surge contributed to shares falling 4% on Oct. 31. Meta's stock is up 59% YTD, and shares have surged 86.2% from a year ago. Goldman Sachs analysts maintained their buy rating but cut their price target to $630 from $636.

Fabricio Bloisi took the reins of South Africa’s Naspers Ltd. and its investment arm Prosus NV in July with a plan to double the value of the 110-year-old group within the next four years. The new chief executive officer and former startup founder has begun scouring the globe to replicate the blockbuster success from Prosus’s $34 million deal in 2001 to buy 50% of China’s Tencent Holdings Ltd.

Hyundai Motor India reported a 2% increase in total sales to 70,078 units in October, driven by strong demand for its SUV portfolio, with domestic sales up marginally and exports rising 6.7%. Hyundai's SUV sales reached a record high of 37,902 units, with the CRETA model achieving its highest-ever monthly domestic sales.

JSW MG Motor India reported a 31% year-on-year increase in wholesales to 7,045 units in October 2024, driven by strong sales of new energy vehicles (NEVs) which accounted for over 70% of total sales, with the newly launched Windsor electric crossover utility vehicle contributing 3,116 units in its first month.

Macquarie Group Ltd.’s profit fell short of analyst estimates as subdued volatility weighed on its key commodities and global markets business. Net income for the six months to Sept. 30 rose to A$1.61 billion ($1.06 billion), from A$1.42 billion a year earlier, according to a statement Friday. That missed the A$1.74 billion average estimate of four analysts surveyed by Bloomberg.