QUICKREADS

Byju’s US lenders removed from creditor panel by court-appointed Indian official

A court-appointed arbitrator in India removed US lenders from Byju?s creditors committee, aiding the struggling online-education company in avoiding bankruptcy. This decision limits the lenders' influence over Byju?s restructuring plans and supports a settlement with an Indian creditor. The lenders, pursuing over $1.2 billion, accuse the resolution professional of manipulating the process to undermine their claims.

Mehli Mistry exits Tata Trusts, says ‘nobody’s bigger than the institution’

Mehli Mistry is stepping down from Tata Trusts, ending a dispute that jeopardized the organization’s governance. In his resignation letter, he emphasized the importance of transparency and public interest, reflecting on his commitment to the late Ratan Tata. His departure follows a failed reappointment bid, highlighting divisions among the trustees.

What the Zerodha-Groww IPO crossover says about retail investing in India

Zerodha CEO Nithin Kamath revealed that 20% of Groww's IPO applications are from Zerodha users, highlighting India's expanding investor base. Groww, which has surpassed Zerodha as the largest online broker, saw strong demand for its IPO, with nearly double the retail subscription on the first day. Analysts view Groww as a compelling long-term investment despite high valuations.

Suzlon Energy Q2 Results: What drove sixfold jump in profit for the renewables firm

Suzlon Energy Ltd. shares surged as the company reported a sixfold increase in net profit, reaching Rs 1,279 crore for the July-September quarter. Revenue rose 84.1% to Rs 3,872 crore, driven by strong execution and a robust order book. Despite positive results, Morgan Stanley highlighted the need to monitor tax rates and working capital levels.

Groww IPO: GMP to IPO price and valuation, all you need to know before subscribing

Groww, India's largest online broker, has launched its IPO, offering 66.32 crore shares to raise up to Rs 6,632.30 crore. Backed by Microsoft CEO Satya Nadella, the company reported a profit of Rs 1,820 crore in FY25. The IPO follows significant growth in retail investors, with a minimum investment of Rs 15,000 required for retail participants.

Europe’s need for green electricity is blowing fuses

Delft University’s Electrical Sustainable Power Lab features advanced technology, including a digital twin of a high-voltage electric grid. With Europe facing rising electricity demands and challenges from renewable sources, substantial investments are needed for grid upgrades. Countries are grappling with permitting delays, while the EU plans to increase funding for grid improvements to enhance competitiveness and ensure energy stability.

Bank holidays in November 2025: Full list of public and state-wise bank holiday dates

In November 2025, key bank holidays include Guru Nanak Jayanti on November 5, and the second and fourth Saturdays (November 8 and 22). State-specific holidays may affect banking operations, particularly in regions like Karnataka and Meghalaya. Banks should communicate closures, adjust staffing, and plan transactions accordingly to ensure smooth operations during these dates.

OpenAI, Amazon strike $38-billion deal for ChatGPT to use AWS

Amazon.com Inc. has signed a $38-billion deal to provide OpenAI with cloud computing services and access to Nvidia graphics processors for AI model training. The agreement highlights the growing demand for computing power in the AI industry. OpenAI is transitioning from its nonprofit roots and preparing for a potential IPO, amidst concerns of an AI bubble due to high valuations.

Pine Labs reduces IPO size, sets price band for a valuation of nearly $3 billion

Pine Labs Ltd. has scaled down its IPO, aiming for a valuation exceeding Rs 25,300 crore. The offering includes 17.64 crore shares priced between Rs 210-221, targeting Rs 3,900 crore. Proceeds will fund debt repayment and global expansion. Despite a net loss of Rs 145 crore in FY25, revenue rose 27.5%, indicating potential profitability.

Vande Bharat Sleeper Trains delayed? Indian Railways flags furnishing issues

The launch of India's first sixteen-car Vande Bharat Sleeper Trains may be delayed due to furnishing and workmanship issues, as highlighted by the Railway Board. Problems include sharp edges and inadequate cleaning features. Compliance with fire-safety and communication measures is mandated, along with training for staff and ensuring passenger comfort and safety.

Gold-Silver rates in India today: MCX gold, silver rise—check city-wise rates

Gold prices surged to a record high in October but fell sharply towards the month's end, still up over 50% year-to-date. In India, gold and silver prices rose amid a weaker dollar and strong local demand. Analysts predict gold may range between Rs 1,21,000 to Rs 1,21,800 per 10 gm, while silver faces resistance at Rs 49,50 per kg.

Has Airbnb reached its peak?

Airbnb's growth has stagnated, with a 10% increase in bookings over the past year, but analysts predict a slowdown in upcoming earnings. The company is expanding into new markets and product lines, including hotel bookings and experiences, to rekindle growth. Despite challenges from competitors and regulatory restrictions, Airbnb's market value surpasses that of Marriott.

Nidec Shares and Bonds Slide on Removal From Japan Equity Gauges

Nidec Corp.'s shares plummeted 19% in Tokyo after being flagged for removal from the Nikkei 225 and Topix Index due to accounting issues involving senior executives. The company's bonds also saw significant spread widening. Nidec will be replaced in the indices by Ibiden Co., whose shares surged. Analysts predict continued struggles for Nidec until the investigation concludes.

What market corrections teach long-term investors about discipline

Market corrections are essential in investing, often revealing market realities and testing investor conviction. In India, despite global uncertainties, strong domestic growth driven by structural reforms and increased consumer spending offers long-term opportunities. The case of Force Motors exemplifies the value of patience and fundamental analysis in navigating downturns, emphasizing that true wealth comes from enduring cycles of fear and greed.

Investor demand for Japan’s two-year bonds rise after Bank of Japan policy

Japan's two-year government bond auction saw strong demand, with a bid-to-cover ratio of 4.35, indicating investor confidence amid speculation that the Bank of Japan will maintain low interest rates. The two-year yield fell to 0.91%, while expectations for a rate hike by January remain. The yen weakened against the dollar, adding pressure on the BOJ.

Big Tech banks on artificial intelligence to drive growth amid job cuts

Big Tech companies, including Amazon and Tata Consultancy Services, are cutting jobs while investing in artificial intelligence (AI) to enhance efficiency and innovation. Amazon plans to lay off 30,000 employees due to over-hiring during the pandemic. Analysts note that while AI is seen as a future driver of profits, the effectiveness of these investments will ultimately determine market confidence.