US Markets opened November on a positive note, with all three major American indices gaining-- that was mostly fueled by strong performances from amazon and intel, which helped lift investor sentiment despite a disappointing jobs report showing only 12,000 jobs added in October.

US Stocks Rally as Amazon Soars

Recent data reveals a significant shift in european investments from china to india, underscoring india’s growing appeal as a business destination. In the last quarter, european firms, particularly from switzerland, are ramping up investments in india -- that's mostly fueled by a new $100 billion trade deal with the european free trade association. This agreement aims to enhance trade and create 1 million jobs over the next 15 years, highlighting india's commitment to providing a favorable investment climate.

EU Shifts Investments: India Surges Ahead

Now, we turn our attention to the reshuffle in the oldest wall street benchmark stock index - the dw jones industrial average. Nvidia, the chipmaker at the centre of the artificial intelligence revolution, is set to join the dow index.

Dow Jones Index's Reshuffle In Focus

Asian Markets Mixed Amid Uncertainty

Riyadh air, the new saudi airline set to commence operations in 2025, has announced a significant $1.3 billion credit facility to bolster its financial position as it gears up for launch. The financing agreement, secured with a consortium of eight banks, includes an initial $800 million revolving credit facility and an option for an additional half a billion dollars.

Riyadh Air Secures $1.3 BN Credit Boost

Over the past decade, the oil and gas extraction industry shows the fastest increases in labour productivity, Outpacing the number one ranked tech sector historically. Take a look at this next report as we deep dive into the reasons...

Oil Industry Innovations Pump Up Profits

The yuan's use in international payments fell by the highest on record last month. This is based on transaction data gathered by international financial messaging provider swift.

Use of Yuan in Global Payments Drop Sharply

The united states has imposed significant sanctions on approximately 400 entities and individuals globally, including 19 indian firms and two indian nationals. This action is part of a broader effort to disrupt support for russia’s military efforts in ukraine

19 Indian Firms on US Sanctions List

We turn our attention to the surge in the dollar and its impact on asian currencies and international trading ability. Investors are feeling more confident that asian central banks have the means to counteract the dollar's gain following the u.S. Presidential election. The reason: asia's 6.4 trillion dollar foreign currency reserve pile.

Strong FX Stockpile Shield Asian Countries

Air india is facing operational challenges. The tata-group owned ariline has cancelled approximately 60 flights scheduled between india and the united states for november and december. This decision affects key routes, including new york, newark, washington, san francisco, and chicago. These cancellations coincide with a peak travel season marked by the christmas holidays.

Air India’s Flight Cancellations Soar

Let's look at wion's monthly global economic health check. First, let's look at how global markets performed in october. Broadly, commodities, digital assets and the dollar rose, driven by differing bets. Bitcoin surged over 10% on the so-called 'trump trade,' with the top token now on the verge of breaching its previous record high set in march. Gold was the other big benficiary in october.

Gold, Bitcoin Register Gains in a Volatile Month

In tech earnings, Microsoft and Meta beat forecasts, but both raised concerns over hefty Ai investments. Microsoft plans to spend $80 billion this year, while meta warned costs could impact ad revenue. Meanwhile, Samsung saw profit growth but struggles in the Ai market.

AI Investments Raise Red Flags for Investors

Financial markets have been on a wild ride since the announcement of the UK's latest budget. Big tax rises are coming, but not as quickly as big spending increases and the prospect of higher growth has led investors to curtail expectations for bank of England rate cuts.

Markets React to Higher Borrowing Projections in UK Budget

India is rapidly emerging as a major real estate investment hub in Asia, with analysts predicting it could soon overtake china. Known as the world's back office, India has become a preferred destination for multinationals establishing their global capability centers.

India Emerges As Asia's Next Real Estate Magnet, Rivals China

Starting in December, China will eliminate tariffs on imports from 43 of the world’s least-developed countries. This zero-tariff policy aims to strengthen trade ties with these nations, mainly in Africa and Asia, while lowering shipping costs on goods entering the Chinese market.

China to Scrap Tariffs for Least Developed Nations From December

McDonald’s reported a surprising 1.5% drop in global sales in the September quarter, a larger-than-expected decline from analysts’ anticipated fall. McDonald’s sales fell short of wall street’s expectations following weakness in international markets such as France, China, the UK and West Asia. The US though, was a bright spot.

Sales Drop as McDonald's Battles E. Coli Crisis

Since its debut in 1979, India's Sensex has experienced remarkable growth, evolving from a modest 100 points to significant highs. This rise reflects the country's economic transformation, market reforms, and increasing investor confidence. Key milestones include the liberalization of the economy in the 1990s and the tech boom in the early 2000s, contributing to the Sensex becoming a vital indicator of India's financial health and investor sentiment.

Decoded: How India's Sensex Has Risen Since Its Debut In 1979

In another setback for the Adani group, the Securities and Exchange Board of India (SEBI) has issued show-cause notices (SCN) to other Adani group firms. This comes after Adani Energy Solutions disclosed the SEBI's show cause notice on Friday in its September quarterly results report.&nbsp; 
&nbsp; 
In the latest, Adani Power disclosed SEBI show cause notices in their earnings report on Monday.&nbsp; 
&nbsp; 
SEBI's show-cause notice&nbsp; 
&nbsp; 
"During the quarter ended 30th September 2024, SEBI announced in a press release, that it had concluded one of the pending investigations. Also, during the current quarter, the SEBI completed the other pending investigation and has issued a show cause notice (SCN) to the company, alleging wrongful categorisation of shareholding of certain entities, relating to SEBI public shareholding norms and consequences therefrom. The company is in process of responding to the regulatory and statutory authorities by providing information, responses, documents and/or clarifications, as applicable."&nbsp; 
&nbsp; 
Adani Power submitted the disclosure along with its earnings report on Monday. Although the group firm did not elaborate on the details, the company's filing states that the notice was received during the September quarter. SEBI's notices to Adani Group firms allege the companies wrongly categorised the shareholding of certain entities as part of its public shareholding.&nbsp; 
&nbsp; 
Hindenburg vs Adani Group

That is one of Hindenburg's allegations against the Indian conglomerate in its scathing report in January last year. Under SEBI's rules, every listed company must ensure that public shareholders own at least 25 per cent of its equity. Any holdings by entities, including foreign portfolio investors, that have links to the promoter group must be reclassified as promoter holdings.&nbsp; 
&nbsp; 
Adani Power, in its earnings filing with the BSE, said: "During the quarter ended 30th September 2024, SEBI announced in a press release that it had concluded one of the pending investigations." The firm said, "Also during the current quarter, the SEBI completed the other pending investigation and has issued a show cause notice to the company, alleging wrongful categorisation of shareholding of certain entities, relating to SEBI public shareholding norms and consequences therefrom."&nbsp; 
&nbsp; 
Adani Power added, "The company is in the process of responding to the regulatory and statutory authorities by providing information, responses, documents and/or clarifications, as applicable."&nbsp; 
&nbsp; 
Sequence of events 
&nbsp; 
The controversy started after Hindenburg Research made accusations against the Indian business group in January last year. The US Research firm claimed several foreign funds owned shares in Adani group firms with connections to the promoter entities. Hindenburg accused that the group companies violated SEBI norms on minimum public shareholding as promoter holding was beyond the stipulated 75 per cent.&nbsp; 
&nbsp; 
That lines up with the SEBI's allegations in its latest notices to the Adani group firms. The Adani group has always refuted these claims. For now, all eyes will be on the earnings report filings of Adani's flagship firm and Adani Ports later on Tuesday.&nbsp; 
&nbsp; 
The timing of the SEBI notice raises eyebrows. This comes as SEBI chief Madhabi Puri Buch's tenure is coming to an end. The government is expected to call for applications from prospective candidates soon. There are concerns that Buch may be dragging her feet over summons issued by the Public Accounts Committee. The SEBI chief skipped the PAC's deposition scheduled for October 24, citing unavoidable personal work. The PAC chairman postponed the meeting as Buch skipped the deposition and was unhappy about the last-minute cancellation.

Adani Enterprises' earnings

The Indian conglomerate's flagship firm, Adani Enterprises, reported a roughly eight-fold increase in quarterly earnings, offsetting the drag from the coal trading sector. The solid performance in the September quarter was driven by airports and new energy units.

Adani Enterprises reported a 663 per cent jump in net income to 17.4 billion rupees or $207 million.

The earnings report showed that revenue increased 16 per cent to 226.1 billion rupees while total costs were up 8.2 per cent to 207.9 billion rupees. Shares of Adani Enterprises, which oversees a motley mix of businesses, including airports, roads, data centres and health care, climbed as much as 2.3 per cent after the earnings were announced.

In another setback for the Adani group, the Securities and Exchange Board of India (SEBI) has issued show-cause notices (SCN) to other Adani group firms. This comes after Adani Energy Solutions disclosed the SEBI's show cause notice on Friday in its September quarterly results report.

In another setback for the Adani group, the Securities and Exchange Board of India (SEBI) has issued show-cause notices (SCN) to other Adani group firms. This comes after Adani Energy Solutions disclosed the SEBI's show cause notice on Friday in its September quarterly results report. In the latest, Adani Power disclosed SEBI show cause notices in their earnings report on Monday. SEBI's show-cause notice "During the quarter ended 30th September 2024, SEBI announced in a press release, that it had concluded one of the pending investigations. Also, during the current quarter, the SEBI completed the other pending investigation and has issued a show cause notice (SCN) to the company, alleging wrongful categorisation of shareholding of certain entities, relating to SEBI public shareholding norms and consequences therefrom. The company is in process of responding to the regulatory and statutory authorities by providing information, responses, documents and/or clarifications, as applicable." Adani Power submitted the disclosure along with its earnings report on Monday. Although the group firm did not elaborate on the details, the company's filing states that the notice was received during the September quarter. SEBI's notices to Adani Group firms allege the companies wrongly categorised the shareholding of certain entities as part of its public shareholding. Hindenburg vs Adani Group That is one of Hindenburg's allegations against the Indian conglomerate in its scathing report in January last year. Under SEBI's rules, every listed company must ensure that public shareholders own at least 25 per cent of its equity. Any holdings by entities, including foreign portfolio investors, that have links to the promoter group must be reclassified as promoter holdings. Adani Power, in its earnings filing with the BSE, said: "During the quarter ended 30th September 2024, SEBI announced in a press release that it had concluded one of the pending investigations." The firm said, "Also during the current quarter, the SEBI completed the other pending investigation and has issued a show cause notice to the company, alleging wrongful categorisation of shareholding of certain entities, relating to SEBI public shareholding norms and consequences therefrom." Adani Power added, "The company is in the process of responding to the regulatory and statutory authorities by providing information, responses, documents and/or clarifications, as applicable." Sequence of events The controversy started after Hindenburg Research made accusations against the Indian business group in January last year. The US Research firm claimed several foreign funds owned shares in Adani group firms with connections to the promoter entities. Hindenburg accused that the group companies violated SEBI norms on minimum public shareholding as promoter holding was beyond the stipulated 75 per cent. That lines up with the SEBI's allegations in its latest notices to the Adani group firms. The Adani group has always refuted these claims. For now, all eyes will be on the earnings report filings of Adani's flagship firm and Adani Ports later on Tuesday. The timing of the SEBI notice raises eyebrows. This comes as SEBI chief Madhabi Puri Buch's tenure is coming to an end. The government is expected to call for applications from prospective candidates soon. There are concerns that Buch may be dragging her feet over summons issued by the Public Accounts Committee. The SEBI chief skipped the PAC's deposition scheduled for October 24, citing unavoidable personal work. The PAC chairman postponed the meeting as Buch skipped the deposition and was unhappy about the last-minute cancellation. Adani Enterprises' earnings The Indian conglomerate's flagship firm, Adani Enterprises, reported a roughly eight-fold increase in quarterly earnings, offsetting the drag from the coal trading sector. The solid performance in the September quarter was driven by airports and new energy units. Adani Enterprises reported a 663 per cent jump in net income to 17.4 billion rupees or $207 million. The earnings report showed that revenue increased 16 per cent to 226.1 billion rupees while total costs were up 8.2 per cent to 207.9 billion rupees. Shares of Adani Enterprises, which oversees a motley mix of businesses, including airports, roads, data centres and health care, climbed as much as 2.3 per cent after the earnings were announced.

SEBI's show cause notices mark another setback for Adani Group 

In this episode of Business Masters, we have Ixigo's Managing Director and Group CEO, Aloke Bajpai. Watch more to learn all the business insights that Aloke Bajpai has to share.

WION's Exclusive With Ixigo's Managing Director & Group CEO Aloke Bajpai

Former US President Donald Trump criticised the country's trade imbalances with the European Union (EU). He referred to the EU as "Mini china" on trade. This comes as the US Presidential race heats up, and trump has made US Trade relations his key election appeal.

Trump Seeks to Push for More Open Global Trade Without Restrictions

The real question is if china's stimulus blitz is enough to pull the world's largest economy out of a deflationary spiral. Economists and investors have remained sceptical as they wait for more details on the stimulus plan. Now, according to a top international monetary fund (IMF) official, China's recent barrage of stimulus is insufficient to address the deflationary concerns. Watch to know more.

Chinese Stimulus Insufficient To Curb Deflation Risks, IMF Says

SEBI Chief Madhabi Puri Buch has skipped the Parliamentary Accounts Committee (PAC) deposition scheduled for October 24.

Buch cited personal work which cannot be avoided as the reason for not attending the meeting.

The PAC postponed its meeting slated for today after Buch expressed her inability to attend.

PAC Chairman and Congress General Secretary KC Venugopal said the committee, in its first meeting, had agreed to have a suo moto issue for regulatory bodies to consider.

He said that was the reason the SEBI Chief was summoned.

The parliamentary panel has now decided to postpone the meeting after Buch informed the committee about her absence.

Buch and four other representatives of the SEBI were slotted for the deposition on October 24th after her earlier request for exemption was denied by the panel.

Venugopal said, "First of all, they sought an exemption, and the SEBI chairperson sought an exemption from appearing before the committee, which we denied. After that, she confirmed she and her team would be present."

According to media reports, a stormy session was expected at Buch's deposition.

With reports quoting sources calling for the ruling party members to stand off against the opposition party's politically targeted attacks.

But with Buch skipping the meeting, Venugopal said her absence could be construed as an attempt to avoid the panel's questions.

He said: "Today morning at 9:30 she informed me that she is not in a position to travel to Delhi. Considering a woman's request we thought that it is better to postpone today's meeting for another day."

A political firestorm is brewing after the PAC moved the meeting to a later date.

Media reports show Ravi Shankar Prasad, a BJP MP and its members, charged that chairman Venugopal made choices on his own initiative.

According to Ravi Shankar Prasad, several PAC members, including BJP leaders, complained to the speaker of the Lok Sabha over Venugopal's actions.

There was no objection to the committee's plan to include the performance review of regulatory bodies on its agenda.

Venugopal's decision to call Buch, however, alarmed members of the ruling party.

Buch has been at the centre of a political controversy sparked by accusations made against her by Hindenburg and the opposition party - the Congress.

SEBI Chief Madhabi Puri Buch has skipped the Parliamentary Accounts Committee (PAC) deposition scheduled for October 24. Buch cited personal work which cannot be avoided as the reason for not attending the meeting.

SEBI Chief Madhabi Puri Buch has skipped the Parliamentary Accounts Committee (PAC) deposition scheduled for October 24. Buch cited personal work which cannot be avoided as the reason for not attending the meeting. The PAC postponed its meeting slated for today after Buch expressed her inability to attend. PAC Chairman and Congress General Secretary KC Venugopal said the committee, in its first meeting, had agreed to have a suo moto issue for regulatory bodies to consider. He said that was the reason the SEBI Chief was summoned. The parliamentary panel has now decided to postpone the meeting after Buch informed the committee about her absence. Buch and four other representatives of the SEBI were slotted for the deposition on October 24th after her earlier request for exemption was denied by the panel. Venugopal said, "First of all, they sought an exemption, and the SEBI chairperson sought an exemption from appearing before the committee, which we denied. After that, she confirmed she and her team would be present." According to media reports, a stormy session was expected at Buch's deposition. With reports quoting sources calling for the ruling party members to stand off against the opposition party's politically targeted attacks. But with Buch skipping the meeting, Venugopal said her absence could be construed as an attempt to avoid the panel's questions. He said: "Today morning at 9:30 she informed me that she is not in a position to travel to Delhi. Considering a woman's request we thought that it is better to postpone today's meeting for another day." A political firestorm is brewing after the PAC moved the meeting to a later date. Media reports show Ravi Shankar Prasad, a BJP MP and its members, charged that chairman Venugopal made choices on his own initiative. According to Ravi Shankar Prasad, several PAC members, including BJP leaders, complained to the speaker of the Lok Sabha over Venugopal's actions. There was no objection to the committee's plan to include the performance review of regulatory bodies on its agenda. Venugopal's decision to call Buch, however, alarmed members of the ruling party. Buch has been at the centre of a political controversy sparked by accusations made against her by Hindenburg and the opposition party - the Congress.

SEBI Chief skips parliamentary committee meeting

Now, we look at the surging global defense spending. While defense firms' stocks have been on a tear, the real cost of war weighs beyond the money. Take a look at this next report for more.

War's Economic Impact: Winners and Losers

The supreme court of India has dealt a significant blow to Byju’s by reversing a tribunal order that allowed the firm to settle its debts with a creditor. This ruling pushes Byju’s back into the insolvency process, raising serious concerns about its future.

Byju’s Faces Setback as Tribunal’s Debt Resolution Rejected

The IMF has encouraged world finance leaders to tighten their fiscal belts before they meet in Washington over the next few days. With the world's recent inflation crisis behind them and two weeks before a possibly historic US Election, ministers and central bankers gathered in the nation's capital face mounting pressure to organise their fiscal homes while they can. Take a look at this next report for more...

IMF Urges Debt Reduction As Finance Chiefs Meet In Washington

The Indian veg thali, a traditional daily food platter, typically consists of a variety of dishes, including rice, lentils, vegetables, and flatbreads. This colorful assortment not only represents the rich culinary diversity of India but also highlights the country’s dietary habits—approximately 50% of Indians identify as vegetarians, making the veg platter meal a staple for millions.

Why Do Meals in India Cost More Now ?

Airbus, headquartered in the netherlands, is planning to cut up to 2,500 jobs within its defence and space division. This represents approximately 7% of its workforce in this sector.

Airbus Implements Job Cuts Following Losses in Satellite Business

Despite recent stimulus measures aimed at revitalising the economy, china's efforts have failed to significantly boost consumer demand, particularly for luxury goods.

China's Stimulus Fails to Revive Luxury Demand

After wall street finished higher overnight, asian stocks rose early on thursday. A general trend on wall street saw a shift away from megacap tech giants into small-cap firms. Chinese stocks reversed gains following a news briefing by the ministries of housing and finance.

Chinese Stocks Erase Gains as Briefing Lacks Major Stimulus

The semiconductor market is currently facing significant turbulence, primarily driven by ASML’s recent sales forecast revision. On october 15, ASML announced it expects its 2025 revenue to range between $32 to $38 billion.

Chipmakers Face $420 BN Sell-off After ASML's Warning

India is witnessing a significant transformation in its consumption patterns... Driven largely by rising economic affluence. As disposable incomes increase... More Indians are gravitating towards diverse food options... Including processed and fast foods...Which often mimic the dietary habits of their western peers. Watch in for more details!

Are Traditional Indian Diets Changing Due To Money?

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