HSBC has elevated Pam Kaur to the role of Chief Financial Officer (CFO), making her the first female finance chief in its 159-year history. Kaur, who will assume the post on January 1, is currently serving as HSBC's Group Chief Risk and Compliance Officer. Her remuneration will include £803,000 annual base salary, £1,085,000 fixed pay allowance and £80,300 pension allowance.

Actress Sonam Kapoor and her husband Anand Ahuja have bought the Rhythm House music store in Mumbai for ₹48 crore. Rhythm House, previously owned by Nirav Modi, was shuttered in 2018 after the ED attached several assets of the fugitive businessman following a bank fraud. The bid was won by Ahuja's Bhaane Group, which manufactures clothes under its own label.

Dharmesh Bhai Mathukiya, a farmer of Gujarat's Amreli district, defies societal norms, turning chilli cultivation into a lucrative global enterprise, surpassing even top college graduates in annual income. According to the latest financial report, he boasts an impressive annual income of ₹1.5 crore. By deducting expenses, including farm labor, he proudly discloses a net savings of ₹90 lakh.

John Cockerill India Limited shares surged 4% to ₹5,779.9, after John Cockerill Industry North America lnc secured an order worth ₹103 crore from an American-based company for Annealing and Pickling Line for Silicon Steel. John Cockerill India is entrusted with detailed engineering, supply of terminal equipment, pre-assembly of refractory, annealing furnace and hydraulic systems.

SRF Limited shares surged 1% to ₹2,299.95, after the Board approved cap explains of over ₹1,500 crore to establish new manufacturing facilities for refrigerants and BOPP-BOPE film line. It also reported Q2FY25 results with a decline in PAT by 20% QoQ and 33% YoY, while the revenue from operations fell 1% QoQ but grew by 8% YoY.

A woman agripreneur from a small village in Punjab who has transformed lives by founding the Sada Shiv Modern SHG, which focuses on natural fruit processing. Over time, the self-help group was invited to an exhibition in New Delhi in 2012. Rekha and her group managed to earn ₹50,000 in a single day by selling their products.

Jellysmack, a SoftBank-backed creator-economy startup reportedly will lay off its staff amid reorganisation of its business. The Jellysmack layoffs would affect 22 employees and the tech company would also scale back its content creator program. The layoffs would affect employees from United States and France.

Adani Green Energy reported a 21% rise in cash profit to ₹1,249 crore in Q2FY24, driven by 2,868 MW greenfield capacity addition and consistent performance. Revenue rose 16% to ₹2,309 crore. The company aims to reach 50 GW renewable capacity by 2030, with 30 GW being developed in Khavda, Gujarat.

Indian airlines have lost ₹500 crore so far due to the recent spate of hoax bomb threats, NDTV Profit reported. When flights receive bomb threats, they are diverted to the nearest airport and make emergency landings. In such cases, airlines bear additional costs for fuel, food and accommodation for passengers, parking charges, and overtime pay to pilots and flight attendants.

India has sent 2.31 lakh eggs to Bangladesh amid soaring prices in the country. Bangladesh government has approved the phased import of 4.5 crore eggs to stabilise prices, according to reports. By November, an additional 90 lakh eggs will reportedly be imported from India. Egg prices have reportedly soared to 200 taka (₹140) per dozen in Dhaka.

Former Abercrombie & Fitch CEO Mike Jeffries has been arrested on sex trafficking and prostitution charges in Florida, alongside two associates. The charges follow a lengthy investigation and earlier allegations from male models claiming exploitation. Jeffries, who led the retailer until 2014, faces further legal battles after the shocking revelations surfaced last year.

Around 58 goods and 24 services could be moved to 28% GST slab from existing 18% or 12%, Economic Times reported. These include handbags and sunglasses priced above ₹10,000, pens costing over ₹5,000, cufflinks, botox treatments, nail and tattoo parlours, luxury spas, super luxury salon services. This is part of a rate rationalisation exercise by GST Council's Group of Ministers.

The Competition Commission of India (CCI) has approved the merger of Reliance Industries and Disney's Indian media assets with certain conditions. Both companies have agreed not to bundle their OTT ad slot sales for IPL, ICC and BCCI cricketing rights till the end of existing rights. They have also agreed to sell seven TV channels, including Hungama and Super Hungama.

HSBC named Pam Kaur as first female CFO in 159-year history. She joined HSBC in 2013 as internal audit head and was promoted thrice in 11 years to eventually hold the post of Group Chief Risk and Compliance Officer. The 60-year-old has MBA in Finance and BCom (Hons) degrees from Panjab University. She's on the board of investment company abrdn.

Government-owned Bharat Sanchar Nigam Limited (BSNL) unveiled a new logo, symbolising trust, strength, and nationwide reach. It has also introduced new services, such as national Wi-Fi roaming service, automated SIM kiosks and fibre-based intranet TV service. The new logo and services, announced ahead of BSNL's nation-wide 4G launch, were unveiled by Communications Minister Jyotiraditya Scindia.

EY has fired several employees in the US for attending more than one online training course at a time. An investigation found that some employees had watched multiple training sessions simultaneously during 'EY Ignite Learning Week' in May, which the company said amounted to cheating. The fired employees claimed EY hadn't explicitly prohibited them from attending multiple courses simultaneously.

Mazagon Dock Shipbuilders on Tuesday announced a stock split in the ratio of 1:2. The company will split one share with a face value of ₹10 into two shares with a face value of ₹5 each. The company's board also approved an interim dividend of ₹23.19 per share. Mazagon's shares have jumped around 115% in the last 12 months.

Zomato has reported a 389% rise in its net profit for the quarter ending September 30. The food delivery company's net profit jumped from ₹36 crore in Q2FY24 to ₹176 crore in Q2FY25. Its revenue increased 69% to ₹4,799 crore from ₹2,848 crore in the year-ago period. However, the net profit was down 30.43% from ₹253 crore recorded in Q1FY25.

Snapdeal Co-founder Kunal Bahl recalled that the late Ratan Tata promised to meet his team in 2014 but couldn't visit due to his schedule. "Around 2-3 years ago I met him at a wedding...and he said 'I still owe you that trip'," Kunal said. "That was the greatness of him...He remembered the 2014 promise he made in passing," he added.

SEBI has asked all regulated entities and their agents to terminate contracts with unregistered financial advisors within three months. Regulated entities should not associate with unregistered people providing advice on securities or making any claim of returns, SEBI said. The regulator, however, clarified that its circular is not meant for people engaged in investor education.

The International Monetary Fund (IMF) has kept India's GDP forecast unchanged at 7% for FY25 and 6.5% for FY26. In its latest 'World Economic Outlook' report, the IMF said the growth will moderate "because pent-up demand accumulated during the pandemic has been exhausted". IMF expects consumer prices in India to rise by 4.4% in FY25.

Adani Energy Solutions said it received a show-cause notice from SEBI in the September quarter over the alleged wrongful classification of certain investors as public shareholders. "The company will respond to the...authorities...in the due course of time," it stated. In 2023, Hindenburg Research alleged that Adani Group entities violated the minimum public shareholding norms.

Minister of Petroleum and Natural Gas Hardeep Singh Puri said there is no oil shortage in the world as countries like Brazil and Guyana are increasing their production. "There is more than enough oil in the world and prices should hopefully come down," he stated. He added that geopolitical tension is among the factors behind the current price rise.

Anil Ambani's Reliance Infrastructure will invest more than ₹10,000 crore over the next 10 years to manufacture explosives, ammunition and small arms in Maharashtra's Ratnagiri. The company will establish Dhirubhai Ambani Defence City (DADC), spread across 1,000 acres. DADC will be the largest private greenfield defence project in India, the company said.

Finance Minister Nirmala Sitharaman said the biggest challenge before the Indian economy is employability. She stated that employers think there is a gap between the degrees many young graduates hold and the employability expected of them. "For being employed, they need something more. And it is that gap that the Indian government is trying to now fill," she added.