FYI, Daily News, Explained

FYI turns each day's important stories into short, plain-English cards with layered question-and-answer explainers, so you understand the news instead of just reading it.

Latest stories

• HDFC Bank profit rises, but margins stay tight, HDFC Bank's quarterly profit grew just 4.7% as lending margins stayed under pressure. The bank's core profit margin fell to 3.16%, and it ma
• Delhi protest leaders' jail stay extended by 2 days, Two protest leaders in Delhi will stay in jail two more days after a court extended their custody. Their arrest came after they protested wi
• Simple Energy raises ₹1,750 Cr to grow EV scooter business, EV scooter maker Simple Energy raised ₹1,750 crore in new funding. But it sells only about 1,500 scooters a month, far below its 10,000 capa
• Burma Burma's parent firm files for IPO, The company behind Burma Burma restaurants filed for an IPO to raise up to ₹150 crore. The money will fund new outlets, but its delivery bus
• ICICI Bank profit up 20%, but lending margin slips, HDFC Bank posted a 4.7% profit jump, but a key lending margin fell, signaling a trade-off from foreign deposits. The bank expects margins to
• Ekart's loss shrinks 98% as costs are cut, Flipkart's delivery arm Ekart cut its loss by 98% to ₹26 crore last year by spending less. But most of its money still comes from parent Fli
• Burma Burma chain files for ₹150 crore IPO, The company behind Burma Burma restaurants filed for an IPO to raise ₹150 crore. It will use the money to open 27 new outlets and grow its p
• Mumbai Indians part ways with head coach Jayawardene, Mumbai Indians have ended Mahela Jayawardene's ten-year run as head coach after missing the playoffs in two of the last three seasons. The t
• Cleartrip's loss widens as discounts surge, Cleartrip, a travel booking site owned by Flipkart, lost ₹805 crore last year, 28% more than the year before. It spent heavily on cashbacks
• Oil prices may drop to $80 a barrel by 2027, Goldman says, Goldman Sachs expects oil prices to fall to $80 a barrel in 2027 as West Asia supplies recover. That could mean cheaper fuel for India, a bi
• Smallcap stocks: 148 of 250 fell in 2026, picking matters, More than half of small and midcap stocks fell this year, even though the index rose. So picking the right stock matters more than just buyi
• Urban Company's loss triples as it pumps money into quick-fix business, Urban Company's loss tripled to ₹182.5 crore even as revenue rose, because it spent big on its quick home-repair service InstaHelp. The firm
• Flipkart's revenue crosses ₹1.45 lakh crore, losses shrink, Flipkart's annual revenue rose 18% to over ₹1.45 lakh crore, but losses barely fell to ₹8,468 crore. The gap suggests its main online store
• Flipkart's Loss Narrows, Eyes IPO, Flipkart Group's annual revenue rose 18% to ₹1.45 lakh crore, while its loss narrowed slightly to ₹8,468 crore. The results come as the comp
• Karur Vysya Bank profit jumps 37%, shares rally, Karur Vysya Bank's quarterly profit jumped 37% to Rs 788 crore, its best ever. Shares rose 6% as investors cheered the strong numbers and he
• Bhuvneshwar back in India T20 squad, India picked a 36-year-old swing bowler for the New Zealand T20 series after four years. He earned the spot through strong IPL form, not sen
• Banks borrow less as RBI money flood eases cost, Indian banks cut short-term borrowings by ₹1.3 lakh crore in a month because the RBI pumped extra cash into the system. This lowers their co
• Heart stent maker's IPO opens today. Should you care?, Sahajanand Medical Technologies, which makes heart stents, opened its IPO to the public on Thursday. The company's shares are priced at up t
• Indian insurers and pension funds slash stock buys by 45%, Indian insurance and pension funds cut stock investments by 45% in the September quarter. They prefer safer bonds amid falling prices and hi
• Hero Motors stock jumps 8% on doubled profit, Hero Motors, listed just weeks ago, reported profit more than doubling to Rs 10.2 crore this quarter, and its shares jumped 8% on the news.
• Manipur to pay ₹10 lakh to families of 49 missing, Manipur's cabinet approved ₹10 lakh for families of 49 people missing since the 2023 ethnic conflict. It's a one-time help because current l
• Mumbai police tell actor Imran Khan to leave India, Mumbai police told American actor Imran Khan, who holds an OCI card, to leave India by October 28. He joined a protest, and the notice raise
• India's Asian Games flop sparks sports review, India won 85 medals at the Asian Games, 21 fewer than last time. The sports minister is angry that many experienced athletes failed, so he's
• Election chief's 20-year-old bribe case reopened, Kerala reopened a 2006 bribery case against India's election chief, Gyanesh Kumar. A dead engineer's note allegedly linked him to a road pro
• Study abroad startup Leverage Edu targets ₹600 Cr revenue, pre-IPO fund, Leverage Edu, a platform helping Indian students apply to foreign universities, aims to earn ₹600 crore next year. It is also raising ₹500 c
• Insurers, NPS cut stock bets by 45%, Indian insurers and pension funds cut stock investments by 45% last quarter, moving money to safer bonds. This matters because less stock bu
• US top diplomat skips Delhi for India's energy hub, US Secretary of State Marco Rubio visits Mumbai and Jamnagar, skipping Delhi, to keep trade and energy ties strong. The trip shows the US wa
• Jio Sets Stage for India's Biggest IPO, Jio Platforms, the telecom arm of Reliance Industries, the Indian conglomerate, is preparing for India's largest IPO, valuing the company at
• Toothsi parent MakeO raises ₹90 crore to grow in India, Southeast Asia, MakeO, which owns Toothsi, raised ₹90 crore to expand its dental clinics and manufacturing. The startup wants to double its revenue of ₹500
• Toothsi's parent MakeO raises ₹90 crore to expand in India and Asia, MakeO, which makes teeth aligners and owns clinics, just raised ₹90 crore. It will use the money to grow in India and Southeast Asia, bettin

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