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Ashok Leyland shares hit 52‑week high on merger plan

Ashok Leyland shares touched a 52‑week high after the company announced plans to merge its finance arm, Hinduja Leyland Finance Limited, with NDL Ventures Limited.

The board has approved the merger, aimed at simplifying operations and strengthening financial structure.

Following the announcement, the stock jumped 5–6%, reaching ₹156–₹158, reflecting strong investor confidence. The company has also reported improved earnings recently, adding to positive sentiment.

Ashok Leyland is among several mid‑cap firms hitting yearly highs, and trading volumes surged as investors showed renewed interest in the stock, boosting market momentum.

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IMF shifts India to crawl-like regime

The IMF has reclassified India’s exchange-rate system as a “crawl-like arrangement,” replacing last year’s “stabilised” tag.

This change means the rupee is now allowed to move slowly within a small range instead of staying close to a fixed level. The shift comes after the rupee weakened and touched a record low of ₹89.49 per US dollar in November.

The IMF noted that the Reserve Bank of India has been intervening less in the forex market, allowing natural currency movements.

The Fund said this flexibility can help India handle global shocks better and still expects strong economic growth ahead.

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Ahmedabad to host 2030 Commonwealth Games

Ahmedabad will proudly host the 2030 Commonwealth Games, marking a historic moment for India.

The decision, confirmed by the Commonwealth Sports General Assembly in Glasgow, recognises the city’s world-class infrastructure and readiness to deliver a global sporting spectacle.

Central to the bid is the Sardar Vallabhbhai Patel Sports Enclave, anchored by the iconic Narendra Modi Stadium, featuring modern arenas, aquatics facilities, and an athletes’ village.

Known for its rich heritage, vibrant markets, and culinary delights, Ahmedabad is ready to welcome the world, combining top-class sports venues with India’s culture, hospitality, and national pride.

 

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HDFC AMC shares fall on bonus issue

HDFC Asset Management Company (HDFC AMC) shares fell nearly 50% on November 26 as the stock went ex‑bonus following a 1:1 bonus issue.

Investors received one bonus share for every share held, halving the stock price but leaving overall investment value unchanged.

The correction is purely mechanical and not a reflection of performance. HDFC AMC reported a robust Q2 FY26, with revenue rising 16% to Rs 1,027.4 crore and net profit up 25% at Rs 718.4 crore.

Analysts say the slump is temporary, and long-term investors need not worry, as the company’s fundamentals remain solid.

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Vedanta arm files for $1billion US IPO, shares jump

Vedanta Resources’ subsidiary, CopperTech Metals Inc., has filed confidential draft papers with the US Securities and Exchange Commission for a potential IPO in the US.

Following the news, Vedanta’s shares rose over 2%. The proposed listing aims to raise funds to support the expansion of the Konkola copper mine, a project requiring more than USD 1 billion.

The IPO will move forward only after SEC approval and favorable market conditions. Investors are watching closely, as this move could strengthen Vedanta’s global presence in copper production and provide significant capital for its large-scale mining operations.

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ED freezes ₹520 crore in WinZO, Gameskraft Assets

The Enforcement Directorate (ED) has frozen over ₹520 crore in assets linked to real-money gaming companies WinZO and Gameskraft.

The move comes after a week-long investigation under the Prevention of Money Laundering Act (PMLA). Around ₹505 crore of WinZO’s assets, including bank balances, fixed deposits, bonds, and mutual funds, have been frozen. Gameskraft and its Poker arm Pocket52 had about ₹18.75 crore in eight bank accounts, which are also attached.

The probe followed complaints about cheating, blocked accounts, misuse of PAN cards, and impersonation. The ED continues to investigate the firms’ financial dealings.

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Kwality Wall’s India appoints new board ahead of HUL split

Kwality Wall’s India has announced a new board as it prepares to separate from Hindustan Unilever (HUL) on December 1.

The board includes Chitrank Goel as Deputy Managing Director and Executive Director, and Prashant Premrajka as Chief Financial Officer. Four independent directors, Ravi Pisharody, Madhavan Hariharan, J.V. Raman, and Shukla Wassan, along with non-executive director Ritesh Tiwari, will provide oversight.

Hindustan Unilever says the new team, with experience in consumer goods, finance, and corporate strategy, will lead Kwality Wall’s India through its transition into a standalone, publicly listed company.

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Maruti Suzuki invests ₹2 crore in Ravity startup

Maruti Suzuki has invested ₹2 crore in Bengaluru-based Ravity Software Solutions, acquiring a 7.84% stake through its Innovation Fund.

Ravity focuses on connected mobility intelligence, leveraging AI and analytics to convert vehicle data into actionable insights for automakers and fleet operators. The startup’s solutions aim to enhance operational efficiency, vehicle performance, and the overall customer experience.

Maruti Suzuki’s CEO, Hisashi Takeuchi, said the investment reflects the company’s commitment to innovation and improving vehicle ownership through smart, data-driven solutions.

This deal also signals Maruti’s growing focus on digital transformation and connected mobility in India’s automotive sector.

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14,000 Amazon employees laid off, engineers bear brunt

Amazon is cutting 14,000 corporate jobs, its largest layoff ever, with engineers hit hardest, accounting for nearly 40% of cuts in key states like New York, California, and Washington.

Mid-level software developers (SDE II) were the most affected, playing a critical role in building and delivering products.

The cuts follow strategic shifts, including scaling back gaming projects and visual-search AI initiatives, as CEO Andy Jassy pushes for faster, leaner operations. Impacted employees get 90 days to apply internally, with severance, career support, and continued health benefits.

This reflects a broader tech trend of AI-driven workforce optimization in 2025.

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Sony PS5 Black Friday sale offers up to ₹10,000 off

Sony India has launched its Black Friday sale, offering discounts of up to ₹10,000 on PlayStation 5 consoles, accessories, and games.

The PS5 Disc Edition is priced at ₹49,990 (down from ₹54,990), while the Digital Edition is ₹44,990 (from ₹49,990). The PS VR2 headset is available at ₹34,999 after a ₹10,000 discount.

The sale also includes DualSense controllers, Pulse Earbuds and Headsets, DualSense Edge controller, and popular games such as God of War Ragnarök at reduced prices. Offers are valid from 21 November to 4 December 2025 at major online retailers like Amazon and Flipkart, as well as offline stores including Croma, Reliance Digital, and Sony Centres.

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