Top Stories | Bihar exit poll results, NIA probes Red Fort blast, MF flows slip & more
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Top Stories | Bihar exit poll results, NIA probes Red Fort blast, MF flows slip & more
A tragic blast near Delhi’s Red Fort Metro Station has left at least 12 people dead. The Home Ministry has handed over the probe to the NIA under anti-terror laws, with PM Modi, currently in Bhutan, assuring that agencies will “get to the bottom of the conspiracy.”
Markets are off to a positive start as global cues lift Dalal Street, even as mutual fund equity inflows dipped for the third straight month. In the corporate world, JSW Steel plans to sell up to 50% of its stake in Bhushan Power and Steel, with Japan’s JFE Steel emerging as the frontrunner.
Confirming a CNBC-TV18 newsbreak, Neville Tata, son of Noel Tata, has been appointed as a trustee of the Sir Dorabji Tata Trust, one of the principal Tata Trusts.
Meanwhile, Banking Secretary Nagaraju says India may need new bank licences to achieve its 2047 growth goal. And globally, Trump hints at a trade deal with India, the US shutdown finally ends, and Warren Buffett bids a quiet, heartfelt goodbye.
Delhi blast: NIA takes over probe; a look at India's premier anti-terror agency
The car blast rocked Delhi on November 10, and the investigation is being handed over to the National Investigation Agency. At least 12 people have lost their lives as the explosion's intensity shook nearby areas and was heard several kilometers away.
Bihar Assembly exit polls: News18 Mega Exit Poll says advantage NDA, INDIA Bloc to give strong fight
It’s an advantage for Nitish Kumar-led National Democratic Alliance (NDA) in the Bihar Assembly Elections 2025, as voting for the two-phase polls to the 243-member legislature concluded on Tuesday, November 11. The rival I.N.D.I.A or Mahagathbandhan (MGB) bloc, however, is expected to put up a strong fight. According to the News18 Mega Exit Poll, the NDA is projected to secure 140 to 150 seats, comfortably crossing the halfway mark. The MGB alliance is likely to win 85 to 95 seats, emerging as a strong but distant second.
Equity mutual fund inflows drop 19% in October; total AUM nears ₹80 lakh crore
Equity mutual fund inflows declined 19% month-on-month to ₹24,671 crore in October from ₹30,405 crore in September, according to data released by the Association of Mutual Funds in India (AMFI).
Exclusive | Neville Tata appointed trustee of Sir Dorabji Tata Trust; Venu Srinivasan’s tenure revised, say sources
In a key development, Neville Tata, son of Noel Tata, has been appointed as a trustee of the Sir Dorabji Tata Trust, one of the principal Tata Trusts, sources told CNBC-TV18.
The decision was taken at the Tata Trusts Board meeting held on Tuesday, November 11, the first since Mehli Mistry’s removal as a director. Neville Tata currently heads Star Bazaar, the Tata Group’s retail supermarket chain.
DFS Secy Nagaraju: Require new bank licences for Viksit Bharat; NBFCs, SFBs could become universal banks
The government has estimated that $40 trillion of bank credit will be required to meet the needs of a $30 trillion economy under its Viksit Bharat plan of 2047. Currently, banking system credit is estimated at about $2 trillion–$2.25 trillion at the current exchange rate, while the size of the economy is estimated at $3.73 trillion.
Japanese conglomerate SoftBank Group has sold its entire stake in US chipmaker Nvidia for $5.83 billion, CNBC reported on Tuesday. Citing the company’s earnings statement, CNBC said SoftBank sold 32.1 million shares of Nvidia in October.
Donald Trump says making a 'fair trade deal' with India, will bring tariffs down at some point'
US President Donald Trump said on Monday, November 10, that the US is very close to making a "fair trade deal" with India, something that will be "good for everybody." Trump was speaking at the swearing-in ceremony of the US Ambassador to India Sergio Gor. When asked about the progress on the India trade deal, Trump said that they are doing a different deal compared to what they have done in the past.
JSW Steel in talks to sell up to 50% stake in Bhushan Power & Steel: Sources
JSW Steel is working to sell up to half of its ownership in Bhushan Power & Steel Ltd (BPSL), as per sources aware of the development. Sources familiar with the transaction told CNBC-TV18 that Japan's JFE Steel is the front runner to acquire JSW Steel's 50% stake in Bhushan Power and Steel.
US government shutdown nears end as Senate passes deal, House still to act
A record-setting 41-day US government shutdown is on a path to end as soon as Wednesday after the Senate passed a temporary funding measure backed by a group of eight centrist Democrats.
The Senate’s 60-40 vote Monday comes amid escalating flight disruptions, food aid delays and frustrations in a federal workforce that has mostly gone without pay for more than a month.
Warren Buffett speeds up charity before leaving the Berkshire CEO's office
Warren Buffett is expediting the transfer of his $149 billion estate to charity before handing over the baton to the 63-year-old Greg Abel who will take over as the CEO of Berkshire Hathaway starting 2026.