Finance News

Billionaire Jensen Huang's confession of cheating on his wife of 41 years poses three risks for investors, as per NDTV. Huang's central role in Nvidia's journey to becoming the world's most valuable AI firm makes the extramarital affair a risk for Nvidia shares. Huang's confession could also intensify questions about Nvidia's corporate governance and US government's AI chip export controls.

MakeMyTrip's Indian subsidiary, MakeMyTrip (India), has received SEBI approval to launch its initial public offering. The company had confidentially filed draft IPO papers with SEBI in July 2026. The proposed IPO is expected to comprise an offer for sale of equity shares by Nasdaq-listed parent MakeMyTrip and its wholly owned subsidiary, ibibo Group Holdings (Singapore).

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on Tuesday on account of Diwali-Balipratipada. The closure follows two volatile trading sessions, with a special Muhurat Trading session held on Sunday and regular trading resuming on Monday. Trading will remain suspended across equity, equity derivatives and securities lending and borrowing segments.

Nvidia shares dropped 4% after CEO Jensen Huang’s admission of affair with a suspected Chinese spy. Indian investors holding US tech ETFs such as MAFANG could be affected as fallout from probe may drive down Nvidia’s stock price, lowering funds’ net asset values. Market panic over the scandal could erode up to 51% ETF trading premiums, causing sharp investor losses.

Lenders are increasingly exploring AI-powered calls to handle EMI reminders, repayment queries and loan collections. Borrowers should check whether they're speaking to an AI system, verify repayment details through official channels and seek human assistance for complicated issues. They should also avoid sharing confidential credentials and seek lender approval for any changes to repayment terms.

Couples should compare wedding insurance policies based on coverage, exclusions, deductibles, claim limits and cancellation terms rather than just premiums, as per CNBC TV18. They should also check whether advances paid are protected and review claim deadlines. For destination weddings, travel insurance should be checked separately for medical emergencies, baggage loss and travel disruptions.

Nvidia shares tumbled over 4% in US markets hours after the company launched a probe into CEO Jensen Huang over his affair with a woman who is suspected of being a Chinese spy. The fall wiped out around ₹17.483 lakh crore from the tech giant's market capitalisation within minutes. The revelation has raised concerns over Huang's future at the company.

Hindustan Unilever (HUL) has hiked the MRPs of several of its detergent products by up to 11%, with price jumps ranging from ₹1-₹10 across pack sizes. As per Moneycontrol, a one-kilogram pack of Surf Excel Quick Wash and a 4x200-gram Surf Excel Bar bundle have become costlier by ₹10. Meanwhile, Rin Detergent Power's one-kilogram pack has become costlier by ₹3.

Bhai Dooj is set to be celebrated on Wednesday and is usually marked by brothers gifting their sisters. As per Mint, some meaningful gifts that can make women financially stronger include SIPs and digital gold or gold ETF. Brothers can also help their sisters open a PPF account and make the initial contribution or build an emergency fund for her.

Whirlpool of India's Q2 FY27 consolidated net profit declined 39% YoY to ₹25 crore despite revenue rising 14% to ₹1,873 crore. EBITDA fell 31% to ₹40 crore, while its margin narrowed to 2.13% from 3.5%. Higher commodity costs, currency depreciation and regulatory expenses weighed on profitability, prompting a nearly 5% price increase from November 1.

Of the four metals, silver has the strongest outlook for Samvat 2083 because it has fallen the most and therefore has the most room to grow, Livemint reported, citing experts. Experts have warned that despite the best outlook, silver poses heightened volatility as it acts like a "coiled spring". They added that silver is also the most attractively valued metal.

First-time borrowers can build a healthy credit profile by starting with a personal loan or a credit card with a manageable limit, rather than taking on large debts. The borrower should pay EMIs and credit card bills on time, keep credit utilisation low and avoid applying for multiple loans or cards simultaneously. Frequent credit inquiries can adversely affect credit profile.

Veteran investor Samir Arora said India's Nifty 500 has outperformed major global indices in dollar terms since June 18. Nifty 500 index gained 2.81% during this period, while the Nasdaq Composite, Nikkei 225 and KOSPI fell 4.6%, 14.87% and 36.1%, respectively, he noted. Explaining the reason behind choosing June 18, Arora said it marked the peak of the Korean market.

Technology was the top sector among foreign institutional investors (FIIs) in October, attracting $1.4 billion in inflows, NDTV Profit reported, citing Motilal Oswal analysts. Telecom followed with $700 million in inflows. In contrast, FMCG and financial services each saw outflows of $1 billion, while the automobile sector recorded withdrawals of $800 million.

To invest ₹15 lakh in the Post Office Monthly Income Scheme (MIS), investors must open a joint account, as the individual account limit is ₹9 lakh. The scheme offers 7.4% annual interest, paid monthly, translating into ₹9,250 on a ₹15-lakh deposit over its five-year tenure. Each joint holder's share, however, must remain within the ₹9 lakh individual limit per person.

Credit card users should be careful when trying to collect rewards and points as credit card interest rates can be high enough to erase any gains from rewards, NDTVProfit reported. A person should avoid missing payment deadlines as cards may charge hefty interest and late payment fees. Cardholders should use benefits on their monthly budget expenses rather than overspending.

Wedding insurance plans cover accidents or injuries to any third party during the event, financial losses due to sudden cancellation, damages caused to wedding venue property and hospitalisation expenses if the bride or groom meet an accident. While applying for an insurance claim, one should have a copy of the insurance policy, invoices of damaged valuables and credit card statements.

Gifts received from maternal or paternal cousins during Bhai Dooj are not automatically tax-exempt. If the aggregate value of gifts received from all non-relatives exceeds ₹50,000 in a financial year, the entire amount becomes taxable under the head "Income from Other Sources". The exemption applies to specified relatives under the Income Tax Act, including parents, siblings and spouse.

Nifty 50 ETFs and index funds track same benchmark but differ in trading and investment convenience. Investors with demat accounts seeking real-time trading flexibility can choose ETFs, while those with no demat account who prefer easy investing and automated SIPs may choose index funds. Tracking error, expense ratios, fund size and liquidity must be assessed before choosing passive investment.

Claude maker Anthropic has set a price range of $70-78/share for what could be one of the world's largest IPOs, which it may launch as soon as next week. Anthropic is targeting a fully diluted valuation of up to $1.4 trillion and a fundraising haul of as much as $64.4 billion. The startup has also launched its IPO roadshow.