Foreign portfolio investors (FPIs) were net sellers of government securities under the Fully Accessible Route (FAR) in October, driven by rupee volatility, narrowing interest rate differentials, and falling expectations of US Federal Reserve rate cuts, resulting in a decline in FPI investment to Rs 2.48 lakh crore.

📌Silgo Retail: The Board has appointed Trilok Chand Saini as Chief Financial Officer. 📌Zydus Wellness: Saurabh Jain has resigned from his position as Chief Digital Excellence Officer of the company. 📌Zomato: Adonmo has raised additional capital from select new investors on September 25. 📌Rushil Decor:The company will carry out a planned shutdown of its Chikmagalur MDF manufacturing unit.

The Rs 206-crore initial share sale of Rosmerta Digital Services, the biggest ever IPO from the SME segment, is set to open for subscription on November 18, with a price band at Rs 140-147 per share. In fact, this is the first IPO with more than Rs 200 crore size. Furthermore, in 2024 so far, there are 10 IPOs (including Rosmerta) with minimum size of Rs 100 crore.

The Goa Housing Board has moved to amend the rules and process for the allotment of housing plots through auction. One of the key changes made to the rules stipulates that the board must set the minimum price for a plot based on the minimum land prices fixed by the revenue department. The allotment committee has been replaced by a scrutiny committee.

ACME Solar Holdings Limited’s initial public offering (IPO) is set to open for public subscription on Wednesday, November 6, and close on Friday, November 8. The renewable energy producer set the price band for the IPO at the range of ₹275 to ₹289 per equity share with a face value of ₹2 per share. ACME Solar aims to raise ₹2,900 crore from a fresh issue of ₹2,395 crore.

Major cement manufacturers reported a decline in margins in the September quarter, mainly on account of lower prices, leading to lower sales realisation. Barring three leading cement producers -- UltraTech Cement, Ambuja Cement, and Dalmia Bharat -- other smaller players topline and sales volume in the second quarter of the current fiscal year.

Hyperlocal e-commerce app magicpin has slashed platform charges to Rs 5 per delivery, half of the fee set by its competitors, a top company official said on Sunday. Around two weeks back, Zomato and Swiggy raised platform fees in the range of 42-67 per cent per delivery. Magicpin founder and CEO Anshoo Sharma, on social media platform X, announced the reduction in platform fees.

Bitcoin's decentralization is being threatened by growing centralization, with four miners controlling 80% of the computing power and large institutions owning significant amounts of Bitcoin, but this centralization may be necessary for Bitcoin to go mainstream and could be a positive catalyst for its growth.

Taking the proposed Hyderabad Metro Rail Phase II project forward, Telangana govt has given administrative sanction for the 24,269 crore project to be taken up as a joint venture with the Centre. Five Metro corridors covering 76.4 km will be undertaken jointly by the state govt (Hyderabad Airport Metro Limited) and the Centre on a 50:50 basis.

Despite election uncertainty, the stock market has remained robust, with the S&P 500 surging 20% year-to-date, making it the most bullish election-year market in decades. Morgan Stanley analysts have identified two stocks, Tenaya Therapeutics and Royalty Pharma, poised for substantial growth regardless of the election outcome, with potential upside as high as 670% and 88%, respectively.

The Federal Reserve is expected to cut interest rates for a second time this year, reducing its benchmark rate to around 4.6%, as inflation continues to cool. The decision is unlikely to be affected by the presidential election outcome, but future rate cuts may be impacted by the new administration's policies, particularly if Donald Trump wins and imposes high tariffs.

Non-resident Indians (NRIs) now have a faster, more convenient option than traditional wire transfers to send money to family or make payments in India. The National Payments Corp. of India (NPCI) has extended UPI access to NRIs who hold non-resident external (NRE) or non-resident ordinary (NRO) accounts. This expansion allows NRIs to conduct instant transactions from their smartphones using UPI.

Election Day is almost here. The looming question remains how a Donald Trump or Kamala Harris victory will shape the market narrative for the rest of the year and beyond. Investors should soon learn the answer, with Americans heading to the polls next Tuesday. In the week before the election, the S&P 500 (^GSPC) fell about 1.37%.

Dr Reddy’s Laboratories has announced a recall of more than 3.31 lakh bottles of Cinacalcet tablets sold in the US. These tablets are used to treat high calcium levels and hyperparathyroidism. The recall is due to manufacturing problems that violate current good manufacturing practices (CGMP). The US Food and Drug Administration (FDA) reported that these tablets contain impurities.

And it came to pass that Odysseus was forced to make a choice. The famed Greek hero of the epic poem The Odyssey encountered all manner of perils in his 20-year struggle to get back home. Veteran Wall Street analyst Stephen Guilfoyle favors Palantir Technologies over Nvidia, citing Palantir's strong balance sheet and CEO Alex Karp's unique leadership style, with a target price of $48.