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Adani Enterprises has revised its capital expenditure target for the current fiscal year to ₹67,000 crore from the initial projection of ₹80,000 crore. The company attributes this reduction to an extended monsoon season that disrupted project timelines.

Indian banks are shutting down more ATMs despite record-high cash circulation. This trend is attributed to the rise of digital transactions and UPI payments. While cash remains significant, ATM numbers have declined, particularly off-site machines. Industry experts point to bank consolidation and the push for digitalization as key drivers.

Hong Kong equity futures dropped, as did a gauge of US-listed Chinese stocks. Trump has pledged to introduce tariffs on Chinese goods to support US manufacturing.

Niva Bupa Health Insurance is gearing up for an IPO to raise Rs 2,200 crore, aiming to capitalize on the growing health insurance market in India. The IPO involves a fresh issue of shares and an offer for sale by promoters, with anchor investors already committing Rs 990 crore.

Shares of steel major Tata Steel Ltd will be in focus today after the company turned to black in the quarter ended September 2024. The company had posted a loss in the last year period.

Visa is introducing new tools to enhance payment experiences, including "payment passkeys" for biometric authentication, aiming to reduce checkout times to 20 seconds. The company is also implementing flexible credentials for smoother cross-border transactions and launching A2A Protect, powered by AI, to mitigate fraud in real-time payments by analyzing transaction patterns and risk levels.

Niva Bupa Health Insurance Company secured Rs 990 crore from anchor investors, a day before its IPO launch. The IPO, open from November 7-11, aims to raise Rs 2,200 crore with a price band of Rs 70-74 per share. The company plans to utilize the funds to strengthen its capital base and for general corporate purposes.

In terms of half-yearly accounts, Kansai Nerolac booked net revenues to the tune of Rs 3,914 crore, near similar to what it booked in the corresponding period of the previous year.

Tesla stands to make significant gains under a Trump administration due to its size, with the expectation that subsidies for alternative energy and electric vehicles will be threatened.