---
title: "Business News India Today: Latest Headlines | AllIndia.news"
description: "Business and economy news from India today: markets, companies, RBI, budget and trade headlines from leading newsrooms, linked to each source."
url: "https://allindia.news/economy/index.md"
canonical: "https://allindia.news/economy/"
published: "2026-11-02T00:00:02+05:30"
updated: "2026-11-02T04:30:02+05:30"
section: "Business"
date: "2026-11-02"
language: "en-IN"
site: "AllIndia.news"
---

# Business: Monday 2 November 2026

14 stories. Cite the publisher using original_url.

### TSMC’s $265 Billion Campus Is Driving a Real Estate Boom in the Phoenix Suburbs

- Source: Mint
- Published: 2 November 2026, 02:57 IST (2026-11-02T02:57+05:30)
- Section: Business
- Link: https://allindia.news/s/61e881811343
- original_url: https://www.livemint.com/companies/tsmcs-265-billion-campus-is-driving-a-real-estate-boom-in-the-phoenix-suburbs-11793568453780.html
- Image: https://allindia.news/img/61e881811343-l.webp

The world’s biggest chipmaker is pulling in suppliers, home builders and Taiwanese investors who have seen firsthand how the company can change a local economy.

### Trump’s test: A mixed report card before Midterms

- Source: The Economic Times
- Published: 2 November 2026, 00:37 IST (2026-11-02T00:37+05:30)
- Section: Business
- Link: https://allindia.news/s/3fb5d3dde172
- original_url: https://economictimes.indiatimes.com/news/international/world-news/trumps-test-a-mixed-report-card-before-midterms/articleshow/135436308.cms
- Image: https://allindia.news/img/3fb5d3dde172-l.webp

### Crypto cards enter RBI's radar

- Source: The Economic Times
- Published: 2 November 2026, 00:36 IST (2026-11-02T00:36+05:30)
- Section: Business
- Link: https://allindia.news/s/258600f81e6b
- original_url: https://economictimes.indiatimes.com/news/india/crypto-cards-enter-rbis-radar-as-indians-use-offshore-wallets-for-everyday-payments/articleshow/135436233.cms
- Image: https://allindia.news/img/258600f81e6b-l.webp

### ED opens new probe against Subhash Chandra

- Source: The Economic Times
- Published: 2 November 2026, 00:45 IST (2026-11-02T00:45+05:30)
- Section: Business
- Link: https://allindia.news/s/24ff9942aee6
- original_url: https://economictimes.indiatimes.com/news/india/ed-opens-money-laundering-probe-against-subhash-chandra-in-rs-1322-crore-loan-case/articleshow/135436249.cms
- Image: https://allindia.news/img/24ff9942aee6-l.webp

### Gulf Oil scouts acquisitions in Asia, South America

- Source: The Economic Times
- Published: 2 November 2026, 00:41 IST (2026-11-02T00:41+05:30)
- Section: Business
- Link: https://allindia.news/s/0c11bc81f18a
- original_url: https://economictimes.indiatimes.com/industry/energy/oil-gas/hindujas-gulf-oil-scouts-acquisitions-in-asia-south-america-ahead-of-global-listing/articleshow/135436239.cms
- Image: https://allindia.news/img/0c11bc81f18a-l.webp

### WWIII: Could Americans face a military draft?

- Source: The Economic Times
- Published: 2 November 2026, 01:00 IST (2026-11-02T01:00+05:30)
- Section: Business
- Link: https://allindia.news/s/3d809cec5506
- original_url: https://economictimes.indiatimes.com/news/international/world-news/world-war-iii-could-americans-be-drafted-into-war-as-trump-abruptly-cancels-campaign-rallies-amid-iran-tensions/articleshow/135436829.cms
- Image: https://allindia.news/img/3d809cec5506-l.webp

### Q2 Results Today: Full List Of Companies Declaring Quarterly Results On Nov. 2

- Source: NDTV Profit
- Published: 2 November 2026, 00:02 IST (2026-11-02T00:02+05:30)
- Section: Business
- Link: https://allindia.news/s/7028b72ed920
- original_url: https://www.ndtvprofit.com/markets/q2-results-today-full-list-of-companies-declaring-quarterly-results-on-nov-2-12267132#publisher=newsstand

ITC, Marico, Escorts Kubota and NALCO are among the prominent companies scheduled to announce their Q2 FY27 results on November 2. Check the complete list of 100 companies reporting their September-quarter earnings.

### Mass brands give liquor companies a hangover

- Source: The Economic Times
- Published: 2 November 2026, 00:51 IST (2026-11-02T00:51+05:30)
- Section: Business
- Link: https://allindia.news/s/6f2f680f437c
- original_url: https://economictimes.indiatimes.com/industry/cons-products/liquor/mass-brands-give-liquor-companies-a-hangover/articleshow/135436680.cms
- Image: https://allindia.news/img/6f2f680f437c-l.webp

### AB InBev sets aside $30 mn for Telangana dues

- Source: The Economic Times
- Published: 2 November 2026, 00:25 IST (2026-11-02T00:25+05:30)
- Section: Business
- Link: https://allindia.news/s/5124ef9893a6
- original_url: https://economictimes.indiatimes.com/industry/cons-products/liquor/ab-inbev-sets-aside-30-million-for-unpaid-telangana-dues-as-delayed-payments-squeeze-brewers/articleshow/135436067.cms
- Image: https://allindia.news/img/5124ef9893a6-l.webp

### Andreas Almgren: Math scholar turned Marathon star

- Source: The Economic Times
- Published: 2 November 2026, 00:14 IST (2026-11-02T00:14+05:30)
- Section: Business
- Link: https://allindia.news/s/7f7519ecdc4d
- original_url: https://economictimes.indiatimes.com/news/international/world-news/andreas-almgren-swedish-math-masters-graduate-who-quit-his-data-scientist-job-watched-nyc-marathon-last-year-and-returned-to-win-it-on-debut/articleshow/135435685.cms
- Image: https://allindia.news/img/7f7519ecdc4d-l.webp

### US bases probe freezer failures after French attacks

- Source: The Economic Times
- Published: 1 November 2026, 23:52 IST (2026-11-01T23:52+05:30)
- Section: Business
- Link: https://allindia.news/s/452a8c35066d
- original_url: https://economictimes.indiatimes.com/news/international/world-news/military-commissary-refrigeration-cyberattack-probe-from-california-to-rhode-island-us-military-bases-hit-by-mysterious-freezer-failures-as-pentagon-probes-possible-link-to-french-supermarket-cyberattacks/articleshow/135435222.cms
- Image: https://allindia.news/img/452a8c35066d-l.webp

### Banks seek microloan guarantee extension

- Source: The Economic Times
- Published: 1 November 2026, 23:47 IST (2026-11-01T23:47+05:30)
- Section: Business
- Link: https://allindia.news/s/055ac4cbcf49
- original_url: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-seek-microloan-guarantee-extension/articleshow/135435172.cms
- Image: https://allindia.news/img/055ac4cbcf49-l.webp

### Banks report 10-50% efficiency gains from AI

- Source: The Economic Times
- Published: 1 November 2026, 23:32 IST (2026-11-01T23:32+05:30)
- Section: Business
- Link: https://allindia.news/s/6e2c62ac7324
- original_url: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-report-10-50-gains-in-productivity-turnaround-time-and-costs-from-ai-led-initiatives/articleshow/135434677.cms
- Image: https://allindia.news/img/6e2c62ac7324-l.webp

Mumbai: Banks are reporting 10-50% improvements across productivity, turnaround time and operating costs from artificial intelligence-led initiatives, with some lenders handling up to 30% more servicing volumes without adding manpower as AI moves deeper into corporate banking,…

### Bank cyberattacks raise insurance claim fears

- Source: The Economic Times
- Published: 1 November 2026, 23:29 IST (2026-11-01T23:29+05:30)
- Section: Business
- Link: https://allindia.news/s/661eb8ec1971
- original_url: https://economictimes.indiatimes.com/industry/banking/finance/insure/cyberattacks-on-banks-including-au-small-finance-bank-worry-insurers-as-claim-risks-rise/articleshow/135434670.cms
- Image: https://allindia.news/img/661eb8ec1971-l.webp

## Earlier: Sunday 1 November 2026

Full day: https://allindia.news/2026/11/01/economy/index.md

#### PNB union seeks audit of 10,500 branches after ₹11.24 cr fraud, multiple suspensions; warns against ‘knee-jerk’ action

- Source: Mint
- Published: 1 November 2026, 23:24 IST (2026-11-01T23:24+05:30)
- Section: Business
- Link: https://allindia.news/s/4ac892bd3588
- original_url: https://www.livemint.com/companies/news/pnb-union-seeks-audit-of-10-500-branches-after-11-24-cr-fraud-multiple-suspensions-warns-against-knee-jerk-action-11793550416012.html
- Image: https://allindia.news/img/4ac892bd3588-l.webp

The Punjab National Bank's union has urged the management to audit all 10,500 branches and examine staffing, training, security and management oversight after alleged fraud at its Greater Noida branch. Details here.

#### Diesel sales surged 11.7%, petrol 3.1% in October

- Source: The Economic Times
- Published: 1 November 2026, 22:43 IST (2026-11-01T22:43+05:30)
- Section: Business
- Link: https://allindia.news/s/6c6ebcad005e
- original_url: https://economictimes.indiatimes.com/industry/energy/oil-gas/diesel-sales-surged-11-7-petrol-3-1-in-october/articleshow/135433340.cms
- Image: https://allindia.news/img/6c6ebcad005e-l.webp

#### Ramayana Advance Bookings: Nitesh Tiwari's Magnum Opus Sees Pickup In Pre-Release Ticket Sales

- Source: NDTV Profit
- Published: 1 November 2026, 22:57 IST (2026-11-01T22:57+05:30)
- Section: Business
- Link: https://allindia.news/s/a0777a5fba0c
- original_url: https://www.ndtvprofit.com/business/entertainment-cinema-bollywood-movie-ramayana-part-1-advance-bookings-ranbit-kapoor-yash-sai-pallavi-nitesh-tiwari-film-pre-release-ticket-sales-12267627#publisher=newsstand

Four days before release, Ramayana has grossed Rs 36.68 crore in advance bookings across India, including block seats, with Hindi markets leading demand.

#### Affle 3i To Acquire Israel's Perion Network For $420M In All-Cash Deal: What Will Shareholders Get?

- Source: NDTV Profit
- Published: 1 November 2026, 22:28 IST (2026-11-01T22:28+05:30)
- Section: Business
- Link: https://allindia.news/s/75cb88c5d7ab
- original_url: https://www.ndtvprofit.com/business/affle-3i-to-acquire-israel-s-perion-network-for-420m-in-all-cash-deal-what-will-shareholders-get-12268227#publisher=newsstand

Affle 3i will acquire all outstanding shares of Perion Network at $11.70 per share. The all-cash transaction values Perion's equity at approximately $420 million, or Rs 3,986 crore.

#### What day is Thanksgiving? Check weather forecast

- Source: The Economic Times
- Published: 1 November 2026, 22:13 IST (2026-11-01T22:13+05:30)
- Section: Business
- Link: https://allindia.news/s/a58752662f02
- original_url: https://economictimes.indiatimes.com/news/international/world-news/what-day-is-thanksgiving-2026-old-farmers-almanac-forecasts-rain-snow-and-sunshine-across-us-for-holiday-week/articleshow/135432419.cms
- Image: https://allindia.news/img/a58752662f02-l.webp

#### Coal India’s production increases 19% as mining recovers after monsoon slump

- Source: The Hindu
- Published: 1 November 2026, 22:06 IST (2026-11-01T22:06+05:30)
- Section: Business
- Link: https://allindia.news/s/a04dce3af154
- original_url: https://www.thehindu.com/business/Economy/coal-indias-production-increases-19-as-mining-recovers-after-monsoon-slump/article71652572.ece
- Image: https://allindia.news/img/a04dce3af154-l.webp

In a statement, the Coal India said, “The achievement assumes greater significance in view of the need to augment coal stocks at thermal power plants amid rising power demand.”

## Earlier: Saturday 31 October 2026

Full day: https://allindia.news/2026/10/31/economy/index.md

#### India's Extreme Poverty Plunges from 27% to 2.6% in 12 Years

- Source: X News (AI summary of posts on X)
- Published: 31 October 2026, 22:36 IST (2026-10-31T22:36+05:30)
- Section: Business
- Link: https://allindia.news/s/0c2b8a729012
- original_url: https://x.com/i/trending/2116575948401258789

India's extreme poverty rate dropped from 27.1 percent in 2011 to 2.6 percent in 2023, one of the fastest declines worldwide, according to the World Bank's October 2026 Poverty and Equity Brief.

#### US issues alert on Russia's Tsaritsyno Museum

- Source: The Economic Times
- Published: 31 October 2026, 21:42 IST (2026-10-31T21:42+05:30)
- Section: Business
- Link: https://allindia.news/s/7267084945ba
- original_url: https://economictimes.indiatimes.com/news/international/world-news/what-happened-at-russias-tsaritsyno-museum-reserve-us-embassy-issues-alert-over-mass-casualty-threat/articleshow/135405942.cms
- Image: https://allindia.news/img/7267084945ba-l.webp

#### Binance Hack: Crypto Exchange Says 90% Of Stolen Assets Replenished

- Source: NDTV Profit
- Published: 31 October 2026, 21:33 IST (2026-10-31T21:33+05:30)
- Section: Business
- Link: https://allindia.news/s/e4782d83170d
- original_url: https://www.ndtvprofit.com/markets/binance-hack-crypto-exchange-says-90-of-stolen-assets-replenished-12264586#publisher=newsstand

Binance says 90% of assets stolen in the $6.3 billion security breach have been replenished, with the exchange using SAFU reserves, insurance funds and corporate treasury to cover losses.

#### Centre releases additional instalment of tax devolution of ₹1.09 lakh crore to states

- Source: The Hindu
- Published: 31 October 2026, 22:06 IST (2026-10-31T22:06+05:30)
- Section: Business
- Link: https://allindia.news/s/2cccbb83a143
- original_url: https://www.thehindu.com/business/centre-releases-additional-instalment-of-tax-devolution-of-109-lakh-crore-to-states/article71650532.ece
- Image: https://allindia.news/img/2cccbb83a143-l.webp

This is in addition to the regular monthly devolution and the second additional instalment this financial year

#### SEBI Steps Up Investor Safeguards Amid Rising Market Participation: Chairman

- Source: NDTV Profit
- Published: 31 October 2026, 21:35 IST (2026-10-31T21:35+05:30)
- Section: Business
- Link: https://allindia.news/s/d4d2bbc3917d
- original_url: https://www.ndtvprofit.com/markets/sebi-steps-up-investor-safeguards-amid-rising-market-participation-chairman-12264632#publisher=newsstand

Cautioning that wider market participation also brings greater responsibility, Pandey said opening an investment account had become easier, but understanding investment risks still required knowledge, care and sound judgement.

#### Nobel chemist’s device pulls water from thin air!

- Source: The Economic Times
- Published: 31 October 2026, 21:31 IST (2026-10-31T21:31+05:30)
- Section: Business
- Link: https://allindia.news/s/9ac7e1eafde3
- original_url: https://economictimes.indiatimes.com/world/people/a-nobel-winning-chemists-device-pulls-drinking-water-out-of-dry-air-with-no-power-needed/articleshow/135401885.cms
- Image: https://allindia.news/img/9ac7e1eafde3-l.webp

## Earlier: Friday 30 October 2026

Full day: https://allindia.news/2026/10/30/economy/index.md

#### Uttarakhand helicopter crash: What is Trans Bharat Aviation? Company named in incident with ₹58 crore revenue in FY25

- Source: Mint
- Published: 30 October 2026, 23:22 IST (2026-10-30T23:22+05:30)
- Section: Business
- Link: https://allindia.news/s/88b5f54968e0
- original_url: https://www.livemint.com/companies/news/uttarakhand-helicopter-crash-what-is-trans-bharat-aviation-company-named-in-incident-with-rs-58-crore-revenue-in-fy25-11793378990770.html
- Image: https://allindia.news/img/88b5f54968e0-l.webp

A Trans Bharat Aviation helicopter crashed near Chai village in Joshimath while flying from Badrinath to Dehradun on Friday, killing the pilot and five passengers.

#### India Forms Committee to Reform Banking for Global Edge

- Source: X News (AI summary of posts on X)
- Published: 30 October 2026, 23:00 IST (2026-10-30T23:00+05:30)
- Section: Business
- Link: https://allindia.news/s/65c46f319da4
- original_url: https://x.com/i/trending/2116219622295056387

The high-level committee, chaired by former Central Vigilance Commissioner Suresh N. Patel, includes RBI and banking experts and has six months to recommend reforms on regulations, capital needs, AI adoption, and cybersecurity.

#### Govt sets up high-level banking panel under Suresh N. Patel

- Source: Mint
- Published: 30 October 2026, 23:18 IST (2026-10-30T23:18+05:30)
- Section: Business
- Link: https://allindia.news/s/29f06c095d70
- original_url: https://www.livemint.com/economy/govt-sets-up-high-level-banking-panel-under-suresh-n-patel-11793380648683.html
- Image: https://allindia.news/img/29f06c095d70-l.webp

The panel will review India's banking sector and recommend structural, institutional, regulatory and legislative reforms to make it globally competitive, financially inclusive and resilient by 2047.

#### India made ‘remarkable progress’ in reducing poverty: World Bank

- Source: The Hindu
- Published: 30 October 2026, 22:29 IST (2026-10-30T22:29+05:30)
- Section: Business
- Link: https://allindia.news/s/e2a85e6c6cda
- original_url: https://www.thehindu.com/news/national/india-made-remarkable-progress-in-reducing-poverty-world-bank/article71646460.ece
- Image: https://allindia.news/img/e2a85e6c6cda-l.webp

Report says the country saw one of the fastest reductions in poverty in the world; extreme poverty fell to 2.6% in 2023 from 27.1% in 2011, driven by government transfers and rising employment

#### Yuvraj Singh's Big Statement On Abhishek Sharma, Ishan Kishan And Vaibhav Sooryavanshi's ODI Chances

- Source: NDTV Profit
- Published: 30 October 2026, 22:11 IST (2026-10-30T22:11+05:30)
- Section: Business
- Link: https://allindia.news/s/856303c2a565
- original_url: https://www.ndtvprofit.com/sports/yuvraj-singhs-big-statement-on-abhishek-sharma-ishan-kishan-and-vaibhav-sooryavanshis-odi-chances-12260814#publisher=newsstand

The former India cricketer has shared his thoughts on India's selection approach while backing three promising youngsters.

#### Dixon, Syrma clock revenue jump while chip costs rose

- Source: Mint
- Published: 30 October 2026, 22:49 IST (2026-10-30T22:49+05:30)
- Section: Business
- Link: https://allindia.news/s/0d8e928a3cd0
- original_url: https://www.livemint.com/companies/company-results/dixon-syrma-see-chip-costs-raise-expenses-amid-resilient-demand-11793371416232.html
- Image: https://allindia.news/img/0d8e928a3cd0-l.webp

Both contract electronics manufacturers beat the Street in September quarter, with higher revenues.

## Earlier: Thursday 29 October 2026

Full day: https://allindia.news/2026/10/29/economy/index.md

#### Who is Nikhil Dhoka? Meet CEO of JioBlackRock Broking - Former Kotak Neo executive takes charge | All about him

- Source: Mint
- Published: 29 October 2026, 23:37 IST (2026-10-29T23:37+05:30)
- Section: Business
- Link: https://allindia.news/s/6533d5dd9b4d
- original_url: https://www.livemint.com/companies/people/who-is-nikhil-dhoka-meet-ceo-of-jioblackrock-broking-former-kotak-neo-executive-takes-charge-all-about-him-11793296508035.html
- Image: https://allindia.news/img/6533d5dd9b4d-l.webp

Nikhil Dhoka has taken charge as CEO of JioBlackRock Broking after nearly four years at Kotak Neo, where he led product and revenue.

#### IMF flags Super El Niño risks to India’s growth

- Source: The Economic Times
- Published: 29 October 2026, 23:06 IST (2026-10-29T23:06+05:30)
- Section: Business
- Link: https://allindia.news/s/90a5c465f435
- original_url: https://economictimes.indiatimes.com/news/economy/indicators/imf-flags-super-el-nio-risks-to-indias-growth-says-impact-yet-to-materialise/articleshow/135325476.cms
- Image: https://allindia.news/img/90a5c465f435-l.webp

#### PNB settles ₹43 lakh in claims amid alleged fraud at Greater Noida branch

- Source: Mint
- Published: 29 October 2026, 23:11 IST (2026-10-29T23:11+05:30)
- Section: Business
- Link: https://allindia.news/s/7ab108edb1d5
- original_url: https://www.livemint.com/companies/news/pnb-settles-43-lakh-in-claims-amid-alleged-12-crore-fraud-at-greater-noida-branch-11793293216860.html
- Image: https://allindia.news/img/7ab108edb1d5-l.webp

Bank says three claims have been settled as complaints mount over alleged unauthorised transfers from savings accounts and fixed deposits; 25 customers had complained by Wednesday.

#### Sanofi India Q3 Results: Net Profit Jumps 54%, Declares Rs 75 Interim Dividend; Check Record Date

- Source: NDTV Profit
- Published: 29 October 2026, 22:10 IST (2026-10-29T22:10+05:30)
- Section: Business
- Link: https://allindia.news/s/21b473834fbf
- original_url: https://www.ndtvprofit.com/markets/sanofi-india-q3-results-net-profit-jumps-54-declares-rs-75-interim-dividend-check-record-date-12254584#publisher=newsstand

The company has fixed Thursday, November 5, 2026 as the record date for the purpose of determining the eligibility of shareholders for the dividend payout

#### Air Pollution Alert: Chennai, Mumbai AQIs Touch Unhealthy Levels; Kolkata Surprises With Relatively Clean Air

- Source: NDTV Profit
- Published: 29 October 2026, 22:25 IST (2026-10-29T22:25+05:30)
- Section: Business
- Link: https://allindia.news/s/2ad0c3c78a9c
- original_url: https://www.ndtvprofit.com/india/air-pollution-alert-chennai-mumbai-aqis-touch-unhealthy-levels-kolkata-surprises-with-relatively-clean-air-12255700#publisher=newsstand

Five of the six cities recorded AQI readings in the moderate category, while Kolkata was the only city with a satisfactory reading. Check the full city-wise breakdown.

#### Elon Musk Reacts To Google Gemini's New AI Model With Just One Word: 'Impressive'

- Source: NDTV Profit
- Published: 29 October 2026, 22:18 IST (2026-10-29T22:18+05:30)
- Section: Business
- Link: https://allindia.news/s/8ad1108f4e16
- original_url: https://www.ndtvprofit.com/technology/elon-musk-reacts-to-google-geminis-new-ai-model-with-just-one-word-impressive-12255635#publisher=newsstand

Elon Musk praised Google’s Gemini 4 Carbon with a single word on X, as the company unveiled the cybersecurity-focused AI model to a limited group of users.