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Domestic institutional investors now hold a record 18.26% of Indian equities, surpassing foreign ownership for the first time in 13 years. This shift, driven by strong retail inflows into mutual funds, highlights India’s ‘retailisation’ amid global uncertainties and stretched valuations, making the market resilient to foreign selling.

Bitcoin has fallen below $100,000, with long-term holders cashing out driving the downturn. This selloff, unlike October’s leveraged liquidations, stems from waning investor conviction, with significant profit-taking observed. Analysts warn this selling pressure could persist into next year.

India is restricting satellite usage linked to Chinese entities for domestic broadcasters and teleporters, enhancing national security amid geopolitical instability. This move encourages the development of domestic satellite capabilities, with authorities denying applications from Chinese and Hong Kong-based operator.

Mahindra & Mahindra has divested its entire 3.5% stake in RBL Bank for Rs 678 crore, realizing a significant gain. This move precedes Emirates NBD’s open offer to acquire a substantial stake, aiming to merge its India operations with RBL Bank and bolster its capital.

Indian stock markets, including the NSE and BSE, will be closed on Wednesday, November 5, in observance of Guru Nanak Jayanti. Trading will resume on Thursday, November 6, following the regular Monday-to-Friday schedule. This holiday marks the 556th birth anniversary of Guru Nanak Dev Ji, the founder of Sikhism.

Small SUVs are surging in popularity, capturing over 30% of passenger vehicle sales post-tax cuts, as buyers opt for higher variants. While hatchbacks see a dip, industry leaders debate whether the growth is driven by SUV preference or a revival of demand among first-time buyers upgrading from two-wheelers. Maruti Suzuki highlights strong bookings for their

Reliance Industries has significantly reduced its crude oil imports from Russia, anticipating a complete halt from sanctioned entities by November 21. This strategic shift aims to comply with Western sanctions and maintain access to US and European markets. The company is increasing imports from the Middle East and the US to compensate for the reduced

China will extend the suspension of a 24% tariff on American goods for another year, while maintaining a 10% general tariff. This move, effective November 10, follows recent trade talks and a previous agreement between Presidents Xi Jinping and Donald Trump.

America faces an unprecedented government shutdown, now the longest in history, crippling federal agencies and impacting millions. Essential services like food aid are suspended, and federal workers are unpaid, raising concerns about travel chaos and potential benefit disruptions. A bitter dispute over healthcare funding fuels the political stalemate, with no resolution in sight and growing