US stocks today: Nasdaq leads Wall Street gains as chip, AI stocks rebound
INDIA MARKET | Tue, 20 Oct 2026, 1:48AM IST
US stocks ended mixed on Monday, with the Nasdaq leading gains as chip and AI-linked stocks bounced back after last weeks sharp selloff. Investors also tracked corporate earnings and fresh stock-specific moves, while concerns over AI spending and financing remained in focus.
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SBI data breach claim: Hackers allegedly access 3.75 lakh accounts
INDIA BUSINESS | Tue, 20 Oct 2026, 1:23AM IST
"The threat actor describes this as the first disclosure of the dataset, Cyberpulse56 said, adding that the authenticity, origin and extent of the alleged exposure are inverified. If legitimate, the data could facilitate identity theft, financial fraud, targeted phishing and fraudulent loan applications, the group said.
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Hacker group claims big data breach at SBI
INDIA NEWS | Tue, 20 Oct 2026, 1:23AM IST
Mumbai: An anonymous hacker group called 'Siriusim' has got hold of confidential data of as many as 3.75 lakh SBI customers, cybersecurity account CyberPulse56 said on X. The group alleges that it has over 3,75,000 accounts and 2,722 PDF files. While CyberPulse56 said the data includes personal customer info, loan applications, supporting documents, account-opening applications, addresses and other application-related details."The threat actor describes this as the first disclosure of the dataset, Cyberpulse56 said, adding that the authenticity, origin and extent of the alleged exposure are inverified. If legitimate, the data could facilitate identity theft, financial fraud, targeted phishing and fraudulent loan applications, the group said.Also Read: Yes Bank's evaluating capital actions to back growth plansSBI had not immediately responded to ET's email till press time.Cybersecurity remains a key risk for banks and financial institutions in India.
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Yes Bank's evaluating capital actions to back growth plans
INDIA BUSINESS | Tue, 20 Oct 2026, 1:14AM IST
"The manner and the timing of reinstatement of the bonds as well as payment of the coupon is also under assessment," Niranjan Banodkar, CFO, Yes Bank told analysts over a call after the earnings.
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Saudi Arabia keen on enhanced ties with India on power grid systems
INDIA BUSINESS | Tue, 20 Oct 2026, 12:56AM IST
Saudi Arabia has expressed interest in cooperating with India on extra-high-voltage electricity transmission systems. The focus includes managing renewable energy integration to meet rising power demands. A virtual meeting took place between officials from both countries to discuss these initiatives. Technical cooperation aims to address challenges in electricity needs for data centres and grid codes. Ongoing discussions will continue on electrical interconnection and additional cooperation areas.
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Gurugram users will have option to choose between two Discoms
INDIA BUSINESS | Tue, 20 Oct 2026, 12:53AM IST
Consumers in Gurugram and Nuh will be able to select between two power distribution companies soon. Eleven Power Pvt Ltd has been granted a 25-year license to supply electricity in these districts. The existing utility will remain available for consumers alongside Eleven Power. A detailed plan for execution and consumer switching procedures must be submitted within 60 days.
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Paul John may retain 10-20% stake in John Distilleries after Sazerac takeover
INDIA BUSINESS | Tue, 20 Oct 2026, 12:48AM IST
Paul John, founder of John Distilleries, is considering retaining a minority stake of 10% to 20%. Sazerac, which now holds 65.7% of the company, values John Distilleries at about 4,500 crore. The company's revenue increased by 15.1% to 10,820 crore in FY26, and net profit surged significantly. However, escalating state duties in Karnataka are impacting retail prices and consumption.
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Hedge funds retreat from tech at fastest pace in a decade as AI trade weakens
INDIA MARKET | Tue, 20 Oct 2026, 12:46AM IST
Hedge funds cut technology exposure at the fastest pace in at least a decade as the global AI trade weakened and tech stocks bore the brunt of last weeks selloff. Goldman Sachs data showed funds reduced risk sharply, although technology remained a major part of their portfolios.
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Ferrari accelerates India expansion, opens doors to EU trade pact benefits
INDIA BUSINESS | Tue, 20 Oct 2026, 12:41AM IST
Ferrari is expanding its presence in India by opening dealerships in Chennai and Ahmedabad. The company aims to take advantage of the proposed EU-India trade agreement, which could lower import duties on luxury vehicles. Ferraris CEO emphasized the importance of developing relationships with Indian customers and enthusiasts. The automaker has also unveiled an electric vehicle at its first exhibition in India.
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Shift to Navi Mumbai or suspend flights: Mumbai airport gives airlines options
INDIA BUSINESS | Tue, 20 Oct 2026, 12:34AM IST
MIAL has informed airlines that they can shift operations to the new Navi Mumbai International Airport. The existing Chhatrapati Shivaji Maharaj International Airport will undergo redevelopment until 2030. Airlines have expressed concerns about splitting operations between the two airports due to logistical difficulties. The Airline Operators Committee has rejected the proposed transfer of international operations, demanding more information.
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Hind Zinc eyes lower production costs after record Q2 profit, sales
INDIA BUSINESS | Tue, 20 Oct 2026, 12:33AM IST
Hindustan Zinc reported its highest-ever profit and sales for the September quarter and the first half of the fiscal year. The company expects zinc production costs to be between $825 and $850 per tonne this year. Consolidated revenue for the September quarter surged to an all-time high of 15,093 crore. The net profit increased significantly to 6,412 crore compared to the previous year.
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Riyadh airport limits jet traffic over attacks
INDIA NEWS | Tue, 20 Oct 2026, 12:20AM IST
Saudi Arabia's main airport will curtail air travel until further notice after continued attacks from Houthi rebels prompted the government to extend restrictions, cutting off Riyadh's main entry point for airlines.King Khalid International Airport has notified airlines that any landings or departures will require prior permission, according to a so-called Notice to Airmen advisory. The airport also said it cannot be used as an alternative in case of emergencies. The hub has come under severe attacks in the last few weeks, damaging buildings and destroying at least one aircraft. Several carriers have halted flights in the wake of the attacks, including Qatar Airways, which on Monday suspended operations to Riyadh until Oct. 24 and reduced flights to Jeddah. Other airlines have also cut operations including Etihad Airways,and India's Akasa Air and Air India.Also read | 6 ops in 48 hours: Houthis claim to strike Saudi airports, Aramco site & oil field, military facilities
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Christiane Amanpour Says She Is Leaving CNN After 43 Years
GLOBAL NEWS | Tue, 20 Oct 2026, 12:19AM IST
The chief international anchor, one of the most famous names in broadcast news, started as an assistant at the network in 1983.
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Carmakers gear up with multi-powertrain models as Indian buyers shift beyond petrol, diesel
INDIA BUSINESS | Tue, 20 Oct 2026, 12:16AM IST
Car manufacturers are expanding powertrain offerings by introducing electric, CNG, hybrid, and petrol options. Companies like Renault and Stellantis are addressing regional demands for efficient engines and diverse vehicles. The rising fuel prices and tighter emission norms are compelling automakers to adapt their strategies. Toyota and Mahindra are focusing on multi-energy platforms to meet market needs effectively.
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Price shock trumps festive cheer as India smartphone shipments hit decade low
INDIA BUSINESS | Tue, 20 Oct 2026, 12:02AM IST
India's smartphone market faced a 26% decline in shipments in Q3 2026 compared to the previous year. Factors like rising prices and cautious consumer spending reduced replacement demand for smartphones. Samsung regained the top market position, shipping 6.7 million units with a strong premium portfolio. Apple also entered the top five, driven by demand for the iPhone 17 and iPhone 16 models.
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Jon Stewart to Stay at The Daily Show Through the 2028 Election
GLOBAL NEWS | Tue, 20 Oct 2026, 12:00AM IST
Ratings have surged since Mr. Stewart returned over two years ago to host the show on Monday nights.
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4h
Jio IPO anchor book sees over 30x demand, draws record bids worth 2.5 trn
INDIA MARKET | Mon, 19 Oct 2026, 11:54PM IST
Jio Platforms' 8,110 crore anchor book draws bids exceeding 2.5 trillion, with global investors, mutual funds and insurers competing for shares ahead of its 30,213 crore IPO
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4h
States may be nudged to go for agrivoltaic solar projects
INDIA BUSINESS | Mon, 19 Oct 2026, 11:51PM IST
States have been showing a lot of interest in this and in addition to the pilot that the Centre is doing, states such as Odisha, Madhya Pradesh, Maharashtra have been trying to actively facilitate this.
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4h
Apple Sets Oct 28 'Pro And Tell Event; Touchscreen MacBook Tipped To Debut
INDIA MARKET | Mon, 19 Oct 2026, 11:50PM IST
The event follows a series of product launches under new CEO John Ternus.
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US Secretary Of State Marco Rubio To Kick Off Three-Day Visit To India On Oct. 20: Day-Wise Schedule
INDIA MARKET | Mon, 19 Oct 2026, 11:49PM IST
Secretary Rubio is expected to arrive in Mumbai at around 2:15 PM IST, where he will visit the Taj Mahal Palace Hotel
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S&P Global flags potentially hidden AI debt at hyperscalers as AI spending surges
INDIA MARKET | Mon, 19 Oct 2026, 11:49PM IST
S&P Global warned that hyperscalers could be carrying more AI related debt than currently visible through financing structures linked to data centres and smaller AI firms. Despite rising concerns around AI infrastructure debt, the agency saw no immediate need for rating changes, while flagging profitability and escalating investment as key risks.
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INDIA MARKET | Mon, 19 Oct 2026, 11:42PM IST
More than 400 bodies were recovered from Shakahola Forest after the alleged starvation cult came under investigation in 2023.
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4h
'Preach Starvation To Meet Jesus': Kenyan Cult Leader Convicted Over Starvation Deaths Of 200 Minors
INDIA MARKET | Mon, 19 Oct 2026, 11:42PM IST
The Shakahola tragedy has gripped Kenya since authorities began uncovering mass graves in the coastal forest in 2023.
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Tariff quota notified for NZ fruits, honey
INDIA NEWS | Mon, 19 Oct 2026, 11:37PM IST
New Delhi: India will allow 35,000 tonnes of imported apples from New Zealand at a concessional duty of 25% in 2027 under the free trade agreement (FTA), compared with the prevailing import duty of 50%, the Directorate General of Foreign Trade (DGFT) said Monday.Kiwifruit imports will qualify for zero customs duty under the tariff rate quota (TRQ), subject to a minimum CIF value of $1.80 per kg while 40 tonnes of New Zealand-certified Manuka honey under the quota have been permitted for 2026. The annual limit will increase to 200 tonnes from 2027."A TRQ authorisation shall be valid only for the quota year in which it is issued, and imports against it shall be permitted only within the quota window. Any unutilised quantity shall lapse on expiry of the authorisation," the DGFT said in a public notice, adding that these provisions will take effect on October 20, 2026.Also read | India-New Zealand FTA kicks in October 20, gives all Indian goods zero-duty accessFor apples, there will be no quota in the first year. The annual import window will run from April 1 to August 31. At present, India has a 50% import duty on apples. For kiwifruit, there will be no quota in the first year. The quota will start at 8,000 tonnes in the second year and rise to 9,750 tonnes in the third, 11,500 tonnes in the fourth and 13,250 tonnes in the fifth. As per the notice, the TRQ for albumins, a category of protein products, will be 200 tonnes in the first year, 1,500 tonnes in the second, 2,000 tonnes in the third and 2,500 tonnes in the fourth.
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5h
Piramal Finance Q2FY27 results: Net profit zooms 67% to 545 crore
INDIA BUSINESS | Mon, 19 Oct 2026, 11:28PM IST
Non-bank lender Piramal Finance on Monday reported a 67 per cent jump in net profit to Rs 545 crore for the September quarter, helped by core income growth and improvements in costs.
The company's core net interest income grew 35 per cent to Rs 1,530 crore due to a 24 per cent growth in assets under management and a 0.35 per cent expansion in net income margin to 6.5 per cent.
The cost-to-income ratio improved sharply to 52.1 per cent during the reporting quarter from 61.2 per cent, helping the bottom line.
Stressing that the company is uniquely positioned in the NBFC universe, as it does not see a threat to margins amid the rising interest rate environment, its Managing Director and Chief Executive Jairam Sridharan exuded confidence that it will be able to expand NIMs by up to 0.20 per cent over the next year.
When asked how such a feat will be possible despite rising rates, which increase an NBFC's borrowing costs, Sridharan explained that the rating upgrade it received recently
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5h
Meta Blames Bot-Detection Glitch For Suspending 'No Kings Account During Mass Protests
INDIA MARKET | Mon, 19 Oct 2026, 11:22PM IST
Meta apologises for suspending No Kings Instagram account over bot-like traffic; organisers want answers.
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5h
Punjab & Sind Bank Q2 net profit surges 40% to 412 cr on improved income
INDIA BUSINESS | Mon, 19 Oct 2026, 11:21PM IST
Punjab & Sind Bank on Saturday reported a 40 per cent jump in net profit to Rs 412 crore for the second quarter ended September 30, helped by improved core income and reduction in bad assets.
The public sector lender posted a net profit of Rs 295 crore in the same period of the previous fiscal.
The bank's total income increased to Rs 3,747 crore in the second quarter from Rs 3,373 crore a year ago, Punjab & Sind Bank said in a regulatory filing.
Interest income rose to Rs 3,394 crore in the September quarter of FY27 from Rs 2,999 crore in the year-ago period.
During the quarter, net interest income rose 22 per cent to Rs 1,162 crore against Rs 950 crore in the second quarter of the last financial year.
Net Interest Income of the bank improved to 2.65 per cent from 2.56 per cent at the end of September 2025.
Cost-to-income ratio reduced to 29.19 per cent compared to 61.87 per cent in the year-ago period.
The bank's operating profit also increased to Rs 617 crore from Rs 505 ...
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iQOO Neo 12 Launch Date Set For October 28 In China; Design And Colour Options Revealed
INDIA MARKET | Mon, 19 Oct 2026, 11:20PM IST
iQOO will introduce the phone in China on October 28, with the event scheduled for 7 pm local time
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INDIA BUSINESS | Mon, 19 Oct 2026, 11:19PM IST
Railway authorities plan to raise awareness regarding noise caused by mobile phones in trains and stations. Announcements will inform passengers that such behavior may result in fines or imprisonment. Previous complaints highlighted the increasing nuisance from loud music and videos played openly. Enforcement of these regulations will be more assertive following recent amendments to railway laws. Passenger associations have expressed concerns about the feasibility of enforcement due to staffing shortages.
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5h
Tecno Spark 50S 5G Goes On Sale In India Tomorrow: Price, Offers And Specifications
INDIA MARKET | Mon, 19 Oct 2026, 11:19PM IST
Tecnos latest budget 5G phone will be up for grabs from tomorrow
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5h
CJP's Ashutosh Ranka, Saurav Das In Tihar Jail Till Oct 21; Judicial Custody Extended By Two Days
INDIA MARKET | Mon, 19 Oct 2026, 11:18PM IST
Court has extended the jail custody of CJP's Ashutosh Ranka and Saurav Das by two days, denying them immediate relief
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PM Modi, FM Sitharaman In Deepfake Ads Promising Free Money; I4C Issues Warning
INDIA MARKET | Mon, 19 Oct 2026, 11:16PM IST
Fraudsters are using manipulated videos of political leaders to promise financial assistance, with victims allegedly tricked into making repeated payments or approving fraudulent UPI transactions.
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5h
Putin Proposes Trilateral Summit With Trump And Xi On Ukraine War Without Zelenskyy
INDIA MARKET | Mon, 19 Oct 2026, 11:11PM IST
The development comes as tensions grow between Ukraine and the US, Kyiv's largest military supporter.
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Jio Raises Rs 8,110 Crore From Anchor Investors Ahead Of IPO; LIC, SBI MF Among Top Investors
INDIA MARKET | Mon, 19 Oct 2026, 11:08PM IST
LIC received the largest allocation in the anchor book, worth Rs 499.98 crore, accounting for 6.17% of the total.
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Jio IPO: LIC, BlackRock, Fidelity, GIC among 212 anchor investors to pour Rs 8,110 crore
INDIA MARKET | Mon, 19 Oct 2026, 11:04PM IST
Jio Platforms successfully raised approximately Rs 8,110 crore from 212 anchor investors before its upcoming IPO. The company allotted shares to well-known investors such as LIC, BlackRock, and Fidelity. These allocations indicate strong interest from both domestic and global institutional investors. The IPO is expected to surpass the previous record held by Hyundai Motor India. Jio Platforms aims to achieve an equity valuation of nearly Rs 10.3 lakh crore.
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5h
Tonbo Imaging India IPO subscribed nearly 136 times, led by QIB demand
INDIA MARKET | Mon, 19 Oct 2026, 10:59PM IST
The issue drew 55,24,267 applications, according to Chittorgarh data, with qualified institutional buyers subscribing 293.56 times and non-institutional investors 170.94 times
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