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Telecom regulator TRAI mandated that all mutual funds companies, AMCs, banks, non-banking financial institutions and pension fund managers use numbers beginning with '1600' for calling customers. It has set January 1 as deadline for banks, February 1 for large NBFCs, March 1 for remaining NBFCs and rural banks and February 15 for AMCs. For stockbrokers, the deadline is March 15.
short by Ashley Paul / 10:54 pm on 20 Nov
Udaipur is hosting one of India's grandest billionaire weddings as Netra Mantena, daughter of pharma tycoon Rama Raju Mantena, marries Vamsi Gadiraju on November 21-22. The invitation is presented in deep ruby-red premium box with couple’s names printed in elegant white script. Above their names sits a gold-embossed elephant motif.
short by / 10:10 pm on 20 Nov
Mandhira Smith Kapur, billionaire Sunjay Kapur's sister, slammed his wife Priya Kapur amid a ₹30,000-crore inheritance battle. Claiming that Priya "stole" from Kapur family, Mandhira said, "What have you done? Gotten married?...And it's all yours now?" "Everyone, go get married, have a baby and it's all yours," she added, claiming Kapur family's empire was built by her father Surinder Kapur.
short by Ashley Paul / 10:25 pm on 20 Nov
Who is Immadi Ravi, who was arrested for piracy website iBomma?
short by Ishita Ranganath / on 20 Nov 2025,Thursday
Immadi Ravi, 39-year-old owner of piracy website iBomma which brought ₹20 crore in revenue, is currently in custody for 14 days after getting arrested on November 14. After initially working in tech sector, he switched to hosting piracy websites around 2019. Married in 2016, Ravi switched to illegal path following humiliation and harassment by ex-wife and in-laws, reported Deccan Chronicle.
short by Ishita Ranganath / 09:46 pm on 20 Nov
Why are some cheques signed on the back?
short by Dharini Mudgal / on 21 Nov 2025,Friday
According to RBI regulations, a signature is necessary only on the backside of bearer cheques, News18 reported. Since they don't mention a payee’s name, the bank cannot confirm if the bearer of the cheque received it legitimately or stole it. Signing assures the bank that the cheque reached the rightful recipient, and they create an official record of the transaction.
short by Dharini Mudgal / 07:00 am on 21 Nov
Owen Guden, one of Bitcoin's earlier and richest holders, has sold his entire $1.3 billion stake in the cryptocurrency, according to multiple reports. He was liquidating his 11,000 BTC holding since October, with his final sale being the transfer of 2,499 BTC to US-based cryptocurrency exchange Kraken, as per Arkham Intelligence. Guden reportedly bought Bitcoin when it was worth $1.
short by Medhaa Gupta / 11:07 am on 21 Nov
Nifty and Sensex hit fresh 52-week highs, but broader indices were mixed. Amid this, Pro Fin Capital rallied nearly 9% after confirming a Board meeting on November 26, 2025, to review bonus shares and a LoI. The LoI proposes acquiring up to 25% equity at ₹22 versus Thursday’s ₹8.71, a 153% premium.
short by / 10:39 pm on 20 Nov
Verizon to fire 13,000 employees in its largest-ever layoff round
short by Ashley Paul / on 20 Nov 2025,Thursday
Verizon has announced that it'll fire 13,000 employees in the US-based wireless carrier's largest-ever layoff round. Verizon's new CEO Dan Schulman said the firm will also significantly reduce outsourced and other outside labour expenses and close one store. Schulman said Verizon is establishing a $20-million career transition fund for laid-off employees to focus on "opportunities" in AI's age.
short by Ashley Paul / 09:49 pm on 20 Nov
Billionaire Peter Thiel, Facebook's first outside investor, sold his entire stake in Nvidia for $100 million (over ₹886 crore) during the July-September 2025 quarter, according to SEC filings. This is the same period when 'Big Short' investor Michael Burry, who predicted 2008 financial crisis, made a $1-billion bet against AI stocks, including Nvidia. SoftBank had sold Nvidia stake last week.
short by Ashley Paul / 10:45 pm on 20 Nov
Aditya Thakur, US-based Dodge AI's Indian-origin Co-founder, posted an opening for a Bengaluru-based internship with ₹1-lakh stipend. Thakur wrote that applicants are required to either be pre-final or final-year students and must work on-site from 11am-11pm, six days a week. "Perks look great until someone reads the 11am-11pm," a user replied. "You should definitely 'Dodge AI' it," said another.
short by Ashley Paul / 10:05 pm on 20 Nov
Luma AI has raised a $900 million Series C round led by HUMAIN, backed by Saudi Arabia’s Public Investment Fund, with strong participation from AMD Ventures, Andreessen Horowitz, Amplify Partners, and Matrix Partners. The deal powers Project Halo, a 2-gigawatt AI compute supercluster in Saudi Arabia, to train 'world models', advanced multimodal AI that learns from video, audio, and language.
short by / 10:40 pm on 20 Nov
CtrlB a unified data platform, has raised $ 2.5 million in seed round led by Chiratae Ventures with participation from Equirus, InnovateX Fund, Campus Fund, and Point One Capital. The funding will scale its disk‑less data lake, accelerate R&D, expand operations in India and the US, and grow its team, targeting 50+ enterprise customers across logistics, fintech, e‑commerce, and SaaS.
short by / 11:15 pm on 20 Nov
India, Israel take 1st step towards FTA, sign Terms of Reference
short by Garima Garg / on 20 Nov 2025,Thursday
Union Minister Piyush Goyal and his Israeli counterpart Nir Barkat signed the Terms of Reference (ToR) for a proposed Free Trade Agreement (FTA) between India and Israel. Goyal said, "The first step to initiate the discussions on FTA...has been taken today." "There will be a good Agreement for bilateral trade, and extensive new opportunities will be thrown open," Goyal added.
short by Garima Garg / 10:56 pm on 20 Nov
Reliance Industries halted Russian crude oil purchased for processing at its 'export-only' refinery in Gujarat's Jamnagar from November 20, a company spokesperson announced on Thursday. The company will instead use non-Russian oil for the refinery amid sanctions imposed by the EU and the US over the Russia-Ukraine war. Reliance has long-term deal to buy 500,000 barrels/day from Russia's Rosneft.
short by Ashley Paul / 10:43 pm on 20 Nov
Netra Mantena, Indian-origin billionaire Rama Raju Mantena's daughter, is set to get married in Rajasthan's Udaipur between November 21-23. British actor Oliver Trevena shared glimpses of the wedding preparations of Netra and Vamsi Gadiraju. According to reports, US President Donald Trump's son Donald Trump Jr will be attending the wedding, for which guests have received customised invitations.
short by Ashley Paul / 11:10 pm on 20 Nov
Capillary Technologies lists at 3% discount after ₹877.5-cr IPO
short by Vaishnavi Mishra / on 21 Nov 2025,Friday
The shares of Capillary Technologies India listed at ₹560 apiece on BSE on Friday, marking a discount of 2.95% over the IPO price of ₹577 apiece. On the NSE, the shares listed at ₹571.90 apiece, a discount of 0.88%. This comes after the ₹877.5-crore IPO saw strong investor interest during its three days of public bidding.
short by Vaishnavi Mishra / 10:42 am on 21 Nov
Oil prices extended their decline for a third straight session on Friday as the US pushed for a Russia-Ukraine peace deal that could bring more oil supplies onto the global market, while uncertainty over US interest rate cuts curbed investor risk appetite. Brent crude drops 1.12% to $62.67 a barrel.
short by / 09:18 am on 21 Nov
Asian shares extended a global rout on Friday as the much-anticipated US jobs data failed to provide clarity on the near-term path for interest rates, with investors returning to dumping risk assets even after Nvidia's earnings dazzled. Wall Street tumbles on tech stock jitters, Nasdaq sees biggest swing since April.
short by / 09:09 am on 21 Nov
India's stock benchmarks, trading near record high levels, are poised to inch higher on Friday, while other Asian peers declined after the US jobs data failed to provide clarity on interest rate cuts. The Gift Nifty futures were trading at 26,210.5, as of 07:47 am IST, indicating that the Nifty 50 could open marginally above the previous session's close of 26,192.15.
short by / 09:04 am on 21 Nov
Indian banks may soon be among top 100 global lenders: RBI Guv
short by Girish Kumar Anshul / on 20 Nov 2025,Thursday
RBI Governor Sanjay Malhotra said central bank's top priority is financial stability while simplifying regulations where possible. Speaking on the banking sector, he stated, "The way Indian banks are performing...very soon a few of them will be among the top 100 global lenders." He added that the rupee's recent pressure is trade-related and linked to tariff developments in the US.
short by Girish Kumar Anshul / 10:05 pm on 20 Nov
How to identify a fake bank app before you install it?
short by Aradhana / on 21 Nov 2025,Friday
A sign to identify fake-banking app is to check publisher's name on Play Store or App Store. Genuine banking apps are published in bank's own name, like "HDFC Bank Ltd". Another way is to check download numbers as real apps would have millions of downloads, Moneycontrol report says. The bank won't ask to install its app from SMS or WhatsApp.
short by Aradhana / 10:47 am on 21 Nov
Crypto & stablecoins pose risk, RBI's stance cautious: Governor
short by Garima Garg / on 20 Nov 2025,Thursday
Governor Sanjay Malhotra stated that the RBI is adopting a cautious approach towards cryptocurrencies and stablecoins as they pose a huge risk, Reuters reported. He had earlier said that the RBI wants to promote its central bank digital currency over cryptocurrencies or stablecoins. The government has to take a final view on cryptocurrency regulation, Malhotra had said.
short by Garima Garg / 10:03 pm on 20 Nov
TCS ties up with TPG to invest ₹18,000 crore in HyperVault
short by Garima Garg / on 20 Nov 2025,Thursday
Tata Consultancy Services (TCS) announced a strategic partnership with global alternative asset management firm TPG to support the growth of its AI data centre business, HyperVault. Both companies will invest up to ₹18,000 crore over the next few years. Of this, TPG will invest up to ₹8,820 crore and will have a final shareholding between 27.5% and 49% in HyperVault.
short by Garima Garg / 10:41 pm on 20 Nov
Axis Bank to end payments for Digital Gold items via its platform
short by Vaishnavi Mishra / on 21 Nov 2025,Friday
Axis Bank announced it will discontinue payment services for the purchase of Digital Gold offered through SafeGold option. All services related to Digital Gold, including purchase, sale, redemption, and home delivery, will be relaxed in stages across its platforms, culminating in full cessation on December 31. Any active SIPs for Digital Gold will also be halted from November 30.
short by Vaishnavi Mishra / 10:57 am on 21 Nov
Godrej Properties buys 3.8-acre in B'luru, eyes ₹2,400 cr revenue
short by Vaishnavi Mishra / on 21 Nov 2025,Friday
Godrej Properties acquired an additional 3.8-acre land parcel in South Bengaluru adding ₹2,400 crore in revenue potential to its Sarjapur Road project. With this purchase, the company now plans to build a large premium residential community across a consolidated 30-acre parcel with projected revenue of ₹3,500 crore. In October, the company bought 26-acre land to develop a housing project.
short by Vaishnavi Mishra / 08:58 am on 21 Nov
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