Union Oil Minister Hardeep Singh Puri on Tuesday (October 29, 2024) welcomed the decision of state-owned oil marketing companies (OMCs) to increase dealer commissions for petrol pump owners. Moreover, Puri lauded the rationalization of freight transport within the state, which he said would “benefit consumers located in remote locations (far from petrol and diesel depots of oil marketing companies), resulting in a decline in petrol and diesel prices in different parts of the country. .”

The shares of Maruti Suzuki India Ltd. have been downgraded to ‘hold’ by brokerage firm Jefferies, compared to the previous recommendation of ‘buy’. Other analysts covering the stock may have maintained their respective recommendations, but have also lowered their price targets for India’s largest passenger car maker.

Jefferies has lowered its price target for Maruti to ₹10,900 from ₹15,200 earlier, which was once the highest target on the Street for Maruti.

SoftBank backed Swiggy Ltd. has announced the price range for its Initial Public Offer (IPO), open for subscription on November 6, 2024.

The company has set the price range between ₹371 and ₹390 per equity share. Investors can bid for a minimum of 38 shares in one lot and then in multiples of 38 of them.

At the higher end of the price range, the company plans to raise ₹11,327.43 crore, including a fresh issue of ₹4,499 crore, while existing shareholders will sell up to 17.5 crore shares.

Global gold prices rose to a new high on Wednesday (October 30) as investor caution ahead of the US election boosted demand for the precious metal. Spot gold rose 0.1% to $2,778.27 an ounce, peaking at a record $2,778.79 in early trading.

This all-time high reflects rising bullish sentiment fueled by political and economic uncertainties, with analysts pointing to a solid uptrend in the precious metal as US economic data unfolds.

Several states have imposed strict rules ahead of the Diwali festivities to tackle rising pollution levels. States have issued regulations on the use of fireworks, which aim to reduce the deterioration of air quality during this period. While some states have imposed a complete ban on fireworks, other states have restricted the use of fireworks.

Let’s take a look at the regulations issued by states

Donald Trump’s social media platform, Truth Social, has surpassed Elon Musk’s X in value, thanks to the recent surge in shares of the former president’s company. Trump Media & Technology Group (TMTG) is now valued at over £10 billion, after more than quadrupling its shares since the end of September. By contrast, X Holdings is estimated to be worth around £9.4 billion, based on the latest valuation Fidelity placed on its stake in the company formerly known as Twitter, the Associated Press reported on October 30.

TMTG’s stock tends to correlate with Trump’s chances for re-election rather than his own earnings potential, and investors have recently seen an improvement in his prospects for regaining the presidency. On October 29, the stock rose almost 9% to close at £51.51, following a 21.6% gain a day earlier. The stock’s volatility led to several short trading halts throughout the morning. By last month this had fallen to around £12.

Apple has rolled out iOS 18.1, bringing users the first set of Apple Intelligence features, with a smarter Siri and several AI updates.

While iOS 18.1 is available to everyone, Apple Intelligence as a feature only works on the iPhone 15 Pro models and the latest iPhone 16 models.

Once the update is installed, the often clumsy Siri should become more chatty, versatile and colorful, with a glowing light rotating around the iPhone’s screen as it responds to requests.

Indian airlines have faced an increase in bomb threats, with more than 100 domestic and international flights targeted on Tuesday alone, according to sources. This comes amid a wave of threats in recent weeks, with a total of more than 510 across various airlines in the last 16 days. Officials say the threats, which have mainly come from social media, have all proven to be hoaxes so far. Air India, IndiGo and Vistara are among the top targets

We explore the highs and lows of Jet Airways in our exclusive documentary, The Climb & Crash. 📺

Join us on CNBC-TV18 as former executives share the untold story of ambition🚀, missteps and the dramatic fall of a once iconic airline.

The 2024 US presidential election is just a week away, and many political experts are calling this perhaps the most consequential election in US history – with liberals and moderates portraying the former president as the greatest threat to American democracy, while conservatives and far-right Kamala Harris as the “antichrist.”

As the US approaches Election Day, both Trump and Harris are making their final appeals to voters. With the stakes higher than ever, the 2024 presidential election promises to be a defining moment in American history. As voters prepare to cast their ballots, the question remains: who will emerge victorious in this hard-fought race?

We’ll see you tomorrow with a new edition of 11:11