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CNBC-TV18 Morning Call: Swiggy IPO next week, Bitcoin hits $70,000, Apple Intelligence launched

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Nifty closes with gains but off highs after a sharp slide this month: The Nifty traded in a very broad range of 360 points on Monday. At the start of the session, it did feel like a repeat of Friday as the index had slipped into the red, but it staged a sharp recovery soon after, testing the upper end of the broad range of 24,500. However, the Nifty ended nearly 160 points off the highs of the day, near the 24,350 mark.

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RBI Governor tells CNBCTV18 the economy is doing reasonably well, there’s no systemic risk: RBI Governor Shaktikanta Das said that the festive season demand paints a mixed picture. He also firmly believes the economy is doing well, with positives outweighing the negatives. (Image: Reuters)

bharti Airtel

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Tariff hikes see Bharti Airtel post strong revenue growth: Bharti Airtel’s India revenue grew 16.9 percent on-year to Rs 31,561 crore, led by a robust 18.5 percent growth in the mobile services segment, which benefited from tariff hikes and increased smartphone penetration. The average revenue per user (ARPU) for its India mobile segment rose to Rs 233, up from Rs 203 a year ago, amid Bharti Airtel’s ongoing efforts to optimise customer mix and premiumise its base

sun pharma q2 results

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Sun Pharma delivers an in-line performance with US sales and specialty drugs seeing strong growth: Sun Pharmaceutical Industries reported a strong Q2 FY25 performance with net profit surging 28 percent on-year to Rs 3,040 crore. India’s largest drugmaker’s consolidated revenue from operations too expanded 9 percent on-year to Rs 13,291 crore during July-September, fueled by double-digit growth across key markets, particularly the US.

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Ambuja Cements delivers a volume surprise, growing well ahead of industry: Ambuja Cements reported a strong set of Q2 numbers with volume beating estimates and costs coming in lower than expected.

godavari ipo listing

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Waaree Energy makes a strong debut on bourses, loses some ground post listing: The shares of Waaree Energies Ltd. made its market debut on October 28. The stock got listed at ₹2,500 per share on NSE, a bumper premium of 66.33%. The stock debuted at ₹2,550 on BSE, up nearly 70%, over its issue price of ₹1,503.

Ola Electric Shares

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CCPA to verify OLA Electric’s 99% plaint resolution claim: The Department of Consumer Affairs is currently conducting a thorough review of Ola Electric’s response to a show-cause notice from the Central Consumer Protection Authority (CCPA), according to sources cited by CNBC TV18. The notice was issued following over 10,000 consumer complaints logged with the National Consumer Helpline, most of which highlighted issues with Ola’s after-sales service. Ola Electric claims to have resolved 99% of these complaints; however, this figure is now under scrutiny as the CCPA seeks to cross-reference consumer responses with the company’s records to verify the accuracy of its resolution rate.

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Tata’s Vadodara aircraft unit inaugurated by PM to produce cheapest C-295, says Defence Secy: Prime Minister Narendra Modi and Spanish Prime Minister Pedro Sanchez, on Monday, officially inaugurated the Tata Aircraft Complex in Vadodara. This facility is dedicated to the manufacturing of the Airbus C295 aircraft, marking a significant step in defence collaboration between the two countries. (PTI Photo)

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62 on-flight-bomb hoaxes in 24 hours, tally tops 400 in 2 weeks: Speaking to The New Indian Express, a senior officer from RGIA police station said, “As many as 62 flights across the country have received bomb threats today. They all turned out to be a hoax, and the flights landed safely.” (Image: Shutterstock)

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Swiggy’s Rs 11,300 cr IPO to open on Nov 6 at Rs 371-390 / share: Food-delivery platform Swiggy Ltd. is seeking to sell shares for as much as 390 rupees ($4.64) each in an initial public offering that may raise $1.35 billion, Bloomberg reported. The IPO will open for bids from Nov. 6, and the shares are expected to start trading from Nov. 13, according to the people, who asked not to be identified as the information is not public.

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Wall Street ends in positive territory as Middle East tensions ease: The S&P 500 rose 0.3% on Monday and the Nasdaq 100 was little changed. The Dow Jones Industrial Average gained 0.6%. The Russell 2000 of small caps climbed 1.6%. In late hours, Ford Motor Co. dropped after trimming its profit forecast.

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NYSE to extend trading to 22 hours a day on weekdays—from 1:30 am to 11:30 pm: During the 22-hour weekday sessions, NYSE Arca would allow trading of all US-listed equities, ETFs, and closed-end funds. The extended trading would take place from 1:30 am to 11:30 pm Eastern Time on all weekdays, excluding holidays, subject to regulatory approval. (Image: Reuters)

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Bitcoin hits $70,000: Bitcoin rose past $70,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds as well as speculation about potential outcomes from next week’s US election.

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Ford Motor delivers cautious profit guidance, shares slip: Ford Motor lowered its full-year profitability guidance on Monday despite reporting third-quarter results that topped Wall Street expectations. Ford Motor Company (NYSE:F) fell 4% following the report in afterhours trading. The automotive company reported earnings of $0.49 on revenue of $46.2 billion. (Image: Reuters)

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VW to shut at least 3 units in Germany, lay off tens of thousands: Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe’s biggest economy as it plots a deeper-than-expected overhaul, the company’s works council head said on Monday. (Image: Reuters)

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Microsoft says Google is running shadow campaigns in Europe to influence regulators: Microsoft said Google is running “shadow campaigns” to discredit the software giant with regulators in Europe. In a blog post, a Microsoft lawyer said Google is behind a coalition of cloud companies aiming to influence policy makers and “mislead the public.”

Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign rally at Madison Square Garden, in New York, U.S., October 27, 2024. REUTERS/Brendan McDermid

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Trump appeals to religion, Harris talks jobs as millions vote early: With the November 5 election approaching, millions of Americans have already cast their ballots in a tight race between Republican candidate Donald Trump and Democratic candidate Kamala Harris. Trump appealed to religious voters in Georgia on Monday, a critical swing state, during a National Faith Advisory Board event, where he framed the election as a choice between faith-based values and what he described as “a new radical left group.”

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As UN COP16 nature talks are gridlocked, scientists warn of extinction risks: Countries were at an impasse over how to fund nature conservation and other key decisions as the U.N. COP16 biodiversity summit entered its second week on Monday in the Colombian mountain town of Cali. With nature in unprecedented decline and species going extinct faster than ever, scientists warned the world’s governments that there is no time to waste.

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Apple releases Apple Intelligence: Apple has announced the first set of Apple Intelligence features for iPhone, iPad, and Mac users is now available through a free software update with the release of iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1. Apple Intelligence is the personal intelligence system that harnesses the power of Apple silicon to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks while taking an extraordinary step forward for privacy in AI.

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