Moneycontrol

#EditorsPicks | 🧵🚨 Reliance’s blockbuster rally, car sales and UPI hit record highs and MC Pro’s Diwali 2026 portfolio – Editor’s Picks from Moneycontrol From Reliance Industries’ blockbuster post-results rally and record car sales to UPI’s daily transaction value crossing ₹1 lakh crore and Moneycontrol Pro’s Diwali portfolio for Samvat 2083, here are four stories shaping markets, consumption and investment. @nalinmehta unpacks the key developments and more! 👇 #Reliance #Markets #UPI #Auto #DiwaliPortfolio #MCPro #EditorsPicks

#MarketsWithMC | Carnelian, HDFC AMC, L&T acquire 2.9% stake in EAAA India Alternatives on debut day - Carnelian, HDFC AMC, L&T acquire 2.9% stake in EAAA India Alternatives - Promoter entity buys 1.92% stake; Franklin Templeton MF sells 2.53% in Go Fashion - Bank of India Mutual Fund acquires 1.31% stake in MobiKwik Read More: moneycontrol.com/news/busine…

#MarketsWithhMC | FIIs net bought Indian equities worth Rs 3115 crore while DIIs net sold Rs 392 crore on Nov 2 October’s FII outflow was the largest for any month since June, when they sold Rs 49,028 crore. Read More: moneycontrol.com/news/busine…

#Business | Oracle taps investors for $20 billion to finance AI expansion Shares of the company fell nearly 5%, extending a roughly 33% decline this year through Friday. Read More: moneycontrol.com/news/busine…

#Business | Dow jumps 400 points as oil falls 6%, investors eye US-Iran talks and earnings About 10 minutes into trading, the Dow Jones Industrial Average was up 0.8 percent at 52,193.68. Read More: moneycontrol.com/news/busine…

#Business | Anthropic revenue hits nearly $17 billion before blockbuster IPO - Anthropic Q3 revenue surged twelve-fold to nearly $17B. - The firm filed for an IPO ahead of US Thanksgiving. - Valuation estimates range from $1.4T to $1.75T. Read More: moneycontrol.com/news/busine…

FM Sitharaman says she will consider investors' concerns on equity taxation Nirmala Sitharaman said foreign flows had begun showing signs of returning, but acknowledged that the changed circumstances had amplified calls from investors for a more supportive tax regime Read More: moneycontrol.com/news/econom…

🚨 Clean energy investments helped India weather West Asia crisis, says PM Modi; eyes 500 GW more capacity PM Modi called for a ‘Clean Cooking Movement’ to cut dependence on imported gas amid the West Asia crisis, while pitching India’s political and policy stability as a draw for clean energy investors. @sweta_goswami with details moneycontrol.com/news/busine…

📉 Oil drops 6% as Iran signals openness to peace talks Oil prices fell around 6% after Iranian President Masoud Pezeshkian signalled openness to dialogue and officials held talks with Qatari mediators, raising hopes of reduced disruptions to Middle East oil supplies. Read More: moneycontrol.com/news/busine…

Goldman restricts traders and bankers from using some AI tools For months, Goldman allowed bankers to use Anthropic PBC’s Claude Code and Microsoft Corp.’s GitHub for work. Now, the bank is limiting the use of those tools to engineers only, according to internal guidance updated in October and seen by Bloomberg News. Read More: moneycontrol.com/news/busine…

#Business | Government has fiscal space to absorb Rs 50,000 crore revenue loss from LTCG tax abolition: SBI Research Read More: moneycontrol.com/news/busine…

🚨 SEBI allows REITs, InvITs to issue depository receipts on GIFT City exchanges; sets 75 percent approval norm The framework allows foreign investors to gain exposure to Indian REITs and InvITs through DRs without directly holding their units in the domestic market. @BrajeshKMJi with details 👇 moneycontrol.com/news/busine…

#Business | Sitharaman says GST 2.0 has triggered private investment, India's consumption story intact - India's consumption story remains strong after GST reforms. - Finance Minister stressed the need for a stronger skilling push. - Workforce must be prepared for the adoption of AI. Read More: moneycontrol.com/news/busine…

#WATCH 🎥 | “At a time where our growth is very important… we need capital,” says Union Finance Minister Nirmala Sitharaman, acknowledging investor concerns over taxation and sustained foreign fund outflows ahead of Budget 2027. Responding to whether the upcoming Budget would offer a more favourable tax environment for foreign investors, Sitharaman said taxation was “just one part” of the investment equation, but recognised the growing concerns among retail investors and equity market participants. She pointed out that India had recorded its highest foreign investment inflows in 2023-24 under a similar tax structure, but acknowledged that circumstances have since changed, with challenges growing and FII outflows mounting. “I’ll consider all this,” the Finance Minister said, adding that sustaining India’s growth at “seven-plus” would require capital. She stopped short of signalling any specific tax changes. The remarks come amid calls for a review of the 12.5% LTCG tax on equities and proposals to tax foreign investors on dollar-denominated gains. SEBI has reportedly recommended scrapping LTCG tax for foreign investors ahead of the Budget, as India looks to revive foreign capital inflows.

Pakistan counts $40 billion in losses from 7 years of trade freeze with India: Why is Islamabad seeking a reset now? Pakistan's business leaders urge Islamabad to resume trade with India, citing $40B in losses since 2019. The suspension forces industries to source expensive materials elsewhere, raising costs and supply chain issues. Read More: moneycontrol.com/world/pakis…