QUICKREADS

Apple ushers the M5 era with iPad Pro, and more in-house silicon
Apple has launched the new iPad Pro models featuring the M5 chip, offering significant performance boosts in AI, graphics, and video rendering. The 11-inch and 13-inch iPads, along with the 14-inch MacBook Pro, deliver up to 1.5x faster speeds than the M4 chip. Enhanced memory bandwidth and improved cellular connectivity also highlight this update, with prices starting at ₹89,900.

Zepto gets $450-million funding in run-up to a likely IPO next year
Zepto Pvt. Ltd. has secured $450 million in funding, boosting its valuation to $7 billion as it prepares for a potential IPO next year. The investment comes amid competition with Swiggy's Instamart and Blinkit. CEO Aadit Palicha highlighted the company's strong cash position, while Zepto aims for profitability before going public, pushing back its IPO plans to 2026.

India’s growth story under PM Modi rests on three strong pillars: Piyush Goyal
India's growth, under PM Modi, is anchored in strong macroeconomic fundamentals, modern infrastructure, and enhanced quality of life, according to Commerce Minister Piyush Goyal. With low inflation, robust GDP growth, and $700 billion in foreign exchange reserves, India is positioned for ambitious targets. The government focuses on structural reforms and inclusive development, aiming for a $30-35 trillion economy by 2047.

Swiggy Instamart to deliver 1 gm gold to 1 kg silver on Dhanteras
On Dhanteras, Swiggy Instamart will deliver gold and silver within 10-15 minutes, partnering with Kalyan Jewellers and others. Customers can order gold coins from 1 gm to 10 gm and up to 1 kg of silver. The first 10,000 gold purchases get a Rs 100 discount. Delivery is available in major metro cities between 7:00 am and 10:00 pm.
Infosys narrows annual revenue guidance after 5.2% decline in Q2, profit up 6.4%
Infosys Ltd. has revised its annual revenue growth forecast to 2-3% after a 5.2% decline in Q2 revenue, totaling Rs 44,490 crore. Despite the dip, net profit rose 6.4% to Rs 7,364 crore. The company remains optimistic about future growth amid potential challenges in IT spending and H-1B visa policy changes.

Wipro Q2 Results: Guidance raised for FY26 despite 2.5% decline in Q2 revenue, profit
Wipro Ltd. has adjusted its revenue growth forecast upward for the current fiscal year, despite reporting a 2.5% decline in consolidated revenue to Rs 22,697 crore for Q2 FY26. Net profit also fell 2.5% to Rs 3,246 crore. Shares rose 1.42% post-results, contrasting with a 1.04% increase in the benchmark Sensex.

LG India IPO didn't just rake in the monies for investors but for these guys as well
The LG India IPO surged 48% on its debut, marking India's best initial public offering for its size, while Tata Capital rose 1.4%. LG's $1.3 billion IPO was the most subscribed in 17 years, demonstrating strong investor confidence. The booming IPO market is expected to continue, with Lenskart and Groww planning to raise $1.7 billion soon.
Nestle India Q2 results: Revenue up 10%, profit slips by nearly a fourth amid record sales
Nestle India reported record sales in Q2, with revenue rising 10.57% to Rs 5,643.61 crore, but net profit fell 23.63% to Rs 753.20 crore. This comes amid plans to cut 16,000 jobs globally, as new CEO Philipp Navratil emphasizes the need for the company to adapt to changing market conditions.

Nestle plans layoffs that will affect 16,000 jobs globally over next two years
Nestle SA plans to cut 16,000 jobs globally over two years, including 12,000 white-collar positions, to adapt to changing market conditions, says new CEO Philipp Navratil. The company aims to save 3 billion Swiss francs by 2027. Meanwhile, Nestle India reported a 10.57% revenue increase despite a 23.63% drop in standalone net profit for Q2 2025.

Indian Oil-led India refiners to pare down Russian oil imports after Trump comments
India's imports of Russian oil may decline as refiners await guidance from the government following US President Trump's comments urging Prime Minister Modi to halt purchases. Executives from Indian refiners were surprised by Trump's remarks and are reassessing their crude-buying practices amid ongoing trade negotiations with the US, which have been complicated by recent tariffs.

Ola Electric launches Ola Shakti battery even as cell manufacturing plans stall
Ola Electric Mobility Ltd. has introduced its first non-automotive product, the Ola Shakti battery, amid stalled cell manufacturing and declining two-wheeler sales. The residential energy storage system, powered by Ola's Bharat Cell, aims to capitalize on India's energy storage needs. Available in four configurations, it will launch on the Ola Electric website and stores, with reservations starting at Rs 999.
Axis Bank, HDFC Bank lead BSE Sensex, NSE Nifty 50 higher at open today
India's stock market opened higher, led by gains in private banks following Axis Bank's quarterly results. The S&P BSE Sensex rose 0.52% to 83,031.83 points, while the NSE Nifty 50 increased 0.47% to 25,442.75 points. Despite a 26.4% drop in Axis Bank's net profit, its shares surged 3%, boosting overall market sentiment.
India's exports to US in September plunge the most since the beginning of 2025 due to US tariff impact
India's exports to the US dropped 11.93% year-on-year to $5.46 billion in September, following the implementation of 50% tariffs on Indian goods. Imports increased 11.78% to $3.98 billion. Affected sectors include textiles and engineering goods. India is seeking to fast-track trade talks with the US to resolve ongoing issues, including Russian oil imports.

Infosys, Wipro results today to test investor appetite for IT stocks
After mixed earnings from Tata Consultancy Services and HCL Technologies, attention turns to Infosys and Wipro, set to report Q2 results today. Investors seek insights on IT sector stability amid US visa challenges and potential outsourcing taxes. Key estimates include a 4% revenue growth for Infosys to Rs 44,008 crore. Market reactions will focus on growth guidance and client demand.

Gold price climbs to record on US-China tensions and US Fed rate-cut bets
Gold prices reached a record high of $4,218.74 per ounce amid escalating US-China tensions and expectations of continued US Federal Reserve monetary easing. The surge, driven by strong physical buying and central bank purchases, reflects growing investor demand for safe-haven assets. Meanwhile, silver prices soared above $53 an ounce due to liquidity issues in London.

Donald Trump declares US-China trade war, Scott Bessent floats long truce
President Trump acknowledged the ongoing trade war with China, emphasizing the need for tariffs. Treasury Secretary Scott Bessent suggested a potential extension of a tariff pause if China reconsiders its export controls on rare-earth elements. The situation remains fluid, with upcoming negotiations and international discussions planned, as tensions escalate between the two economic powers.