The Indian stock market faced a sharp decline on November 4, with the Sensex and Nifty 50 dropping almost 2% each. Mid and small-cap indices also plunged by 2%, leading to a market capitalization loss of ₹9 lakh crore. Factors contributing to the selloff include caution ahead of the US election, high valuations, weak Q2 earnings, and heavy selloff by foreign portfolio investors (FPIs). Additionally, concerns about US Federal Reserve policy and global uncertainty have pressured investor sentiment. Analysts expect the market to remain volatile, with key support levels being tested this week.

Tilda, a renowned basmati rice brand, has collaborated with LOVO, a non-profit organization, to launch a limited-edition tin, promoting women's empowerment. Available from November 2024 at independent UK retailers with a 2kg purchase of Tilda Pure Basmati Rice, the tin features intricate patterns symbolizing sisterhood, community, and personal growth. The design reflects LOVO's values of strength and gratitude. To commemorate the launch, Tilda and LOVO hosted an event on September 26, attended by 150 guests, including the Mayor of Southwark, Naima Ali. The partnership includes a £10,000 donation from Tilda to support LOVO's initiatives. This collaboration aligns with Tilda's commitment to diversity and community empowerment, reinforcing its 50-year legacy as a trusted kitchen staple.

Indian stock markets opened lower on Thursday, with the S&P BSE Sensex falling 199.13 points to 79,743.05 and the NSE Nifty50 declining 126 points to 24,340.85. Foreign institutional investors' sustained selling and disappointing second-quarter earnings reports contributed to the downturn. Losses in Asian and US markets also weighed on sentiment, particularly in information technology stocks. The broader market indices also declined, reflecting increased volatility. The decline marked a departure from the typical pre-Diwali rally, signaling caution among investors.

Elcid Investments Ltd has surged to become India's most expensive stock, with a staggering 7,00,000% return in a day. Its share price skyrocketed from ₹3.21 to ₹2,36,250, surpassing MRF Ltd's ₹1,22,576.50. Elcid's relisting on the Bombay Stock Exchange (BSE) on October 29, 2024, followed a failed voluntary delisting attempt. The company's 2.95% stake in Asian Paints Ltd, valued at ₹8,500 crore, drives its high valuation. Despite trading at a 45% discount to its intrinsic value (₹4.25 lakh), Elcid's market capitalization now stands at ₹4,725 crore.

India's domestic stock market continued its downward spiral, with the Sensex plummeting below 80,000 points on Friday. The benchmark indices, Sensex and Nifty, fell sharply due to sustained foreign investor selling and disappointing Q2 corporate earnings. Sensex dropped 628.64 points to 79,436.52, while Nifty50 declined 254.30 points to 24,145.10. Foreign Institutional Investors (FIIs) have withdrawn a staggering Rs 98,085 crore from Indian equities this month, severely impacting market sentiment. Investors remain cautious as the market struggles to recover from its steady decline, fueling concerns of a prolonged downturn.

Elon Musk and Mukesh Ambani are intensifying their competition in India's satellite broadband market. The Indian government recently announced that satellite spectrum would be allocated administratively rather than through an auction, escalating the rivalry. Musk has criticized the auction model that Ambani supports. Satellite broadband offers internet access across wide coverage areas, making it ideal for remote and rural regions lacking traditional services like DSL or cable. This technology is crucial for bridging the digital divide. India's telecom regulator has not yet announced spectrum pricing, and commercial satellite internet services are still pending, but subscribers are projected to reach two million by 2025.

Pam Kaur has been appointed as HSBC Holdings' Chief Financial Officer, making her the first female in the role in the bank’s 160-year history. Kaur, 60, joined HSBC in 2013 as Group Head of Internal Audit and later served as Chief Risk and Compliance Officer. She replaces Georges Elhedery, who became CEO earlier this year. HSBC’s CEO praised her as the “exceptional candidate” for the position. Kaur’s extensive experience spans multiple global financial institutions, including Citigroup, Deutsche Bank, and Royal Bank of Scotland. HSBC will also streamline its operations into four distinct units beginning January 1, 2025.

Samsung India Electronics Private Limited (SIEPL) reported a $100 million loss due to a workers’ strike demanding recognition of the Samsung India Thozhilalar Sangam, affiliated with CITU. In the Madras High Court, SIEPL’s counsel argued that trade unions should not use the word "Samsung" in their names as it could harm the company’s reputation. The union’s counsel countered, stating that Samsung’s trade unions in South Korea use the company’s name. The court allowed SIEPL to file a detailed counter-affidavit, with the next hearing scheduled for November 11.

Hyundai Motor India's shares debuted on the stock market at a disappointing 1.5% discount, opening at Rs 1,931 on the BSE and Rs 1,934 on the NSE, below the issue price of Rs 1,960. The company's IPO, worth Rs 27,870 crore, was subscribed 2.37 times, with retail investors showing limited interest, subscribing to only 50% of their allotted shares. Market analysts had anticipated a lackluster debut due to ongoing market volatility and concerns over valuation, especially since the IPO was a complete offer for sale (OFS), meaning Hyundai will not receive any proceeds from the share sale.

Tilda, the UK’s top rice brand, partnered with top South Asian catering company Madhu’s to host an elegant Diwali celebration on 9th October 2024, in Central London at Madhu’s at Mayfair. The event brought together food influencers, longstanding customers, and top media outlets for a luxurious evening filled with culture, community, and culinary excellence. The evening began with guests being welcomed with fragrant jasmine garlands, followed by a heartfelt speech from Tilda’s Managing Director, Jean-Philippe Laborde. He emphasized the brand's commitment to community and long-standing partnerships, saying, “Tonight, we’re not just celebrating a festival; we’re honouring relationships with key partners and customers we’ve known not just for weeks or months, but for decades. At Tilda, we take pride in bringing people together through food and tradition, especially during special occasions like Diwali.” Sanjay Anand MBE, Founder and Chairman of Madhu’s, shared his thoughts on the importance of partnerships, stating, “Rice holds such significance in our culture. It has been a staple part of our South Asian communities' diet and has both religious and cultural relevance. A special thanks to my team and the team at Tilda for making tonight possible.” Guests enjoyed a curated menu, featuring two showstopping biryanis and a decadent mango kheer, created by Chef Amardeep Anand and Chef Poonam Ball. The dishes showcased the versatility of Tilda rice in traditional and modern Diwali dishes. The evening also featured entertainment by magician Oliver B and a Bollywood band, followed by curated Diwali hampers as takeaway gifts. The event successfully blended tradition, food, and culture, celebrating the true essence of Diwali.