Speaking at the SBI Banking and Economics Conclave, Sitharaman said the government is “not here to shut the door” on derivatives trading. At the same event, SBI Chairman C.S. Setty called for raising the foreign investment cap in public sector banks to level the playing field with private peers.
In the corporate sphere, M&M sold its entire RBL Bank stake for ₹678 crore, marking a 62.5% gain on its investment, while HPCL CMD Vikas Kaushal projected India’s energy demand to rise 5% in sync with 7% GDP growth. India’s FMCG sector saw major leadership churn, PhysicsWallah readied its ₹3,480 crore IPO, and Bihar’s first-phase polls closed with a 60% turnout.
Globally, the US Supreme Court questioned Donald Trump’s sweeping tariffs, and Washington ordered a 10% cut in flights amid an ongoing shutdown.
Stay with us for all the latest updates and expert takes—there’s plenty to unpack!
Govt not here to shut the door on F&O, says FM Sitharaman at SBI Conclave
Finance Minister Nirmala Sitharaman said that the government is here to address challenges in Futures and Options (F&O) trading and not to shut it down. “Govt is not here to shut the door on F&O,” Sitharaman said Thursday, November 6, at the 12th SBI Banking and Economics Conclave 2025 in Mumbai.
SBI chief CS Setty urges hike in FII cap, calls 20% PSB limit a disadvantage
The SBI Chairman, CS Setty, has confirmed to CNBC-TV18 that the FII limit in government-owned banks needs to be raised, as the current 20% cap in PSBs compares poorly with their private sector peers, where the composite investment limit is 74%. While players like HDFC and ICICI, among others, have foreign holdings of over 55% with much better valuations despite being smaller in scale, in Indian public sector banks, the FII holdings range between 0.3% and 10%, with SBI having the highest.
M&M announces exit from RBL Bank after selling entire stake for ₹678 crore
Mahindra and Mahindra (M&M) Ltd. sold its entire stake in RBL Bank Ltd. via a block deal in the pre-market window on Thursday, November 6, confirming CNBC-TV18’s newsbreak regarding the same. M&M, in an exchange filing, said it has sold its entire stake in the lender for ₹678 crore, representing a 62.5% gain on its investment.
India’s energy demand to rise 5% with 7% GDP growth, says HPCL CMD Vikas Kaushal
Speaking at the 12th SBI Banking & Economics Conclave, Vikas Kaushal, Chairman and Managing Director of Hindustan Petroleum Corporation Ltd (HPCL), said there is sufficient crude oil availability globally, but the real challenge lies in efficiently matching supply with demand.
US Supreme Court appears skeptical of President Donald Trump’s global tariffs
The US Supreme Court appeared skeptical of President Donald Trump’s sweeping global tariffs, as key justices suggested he had overstepped his authority with his signature economic policy. In an argument session that lasted more than 2 1/2 hours on Wednesday (November 5), three members of the court’s conservative majority questioned Trump’s use of an emergency-powers law to collect tens of billions of dollars in tariffs a month.
The curious carousel of FMCG leadership
India’s consumer sector is undergoing one of its biggest leadership shake-ups, with major changes at HUL, Britannia, Nestlé, Pidilite, Titan, and Birla Opus. From Rakshit Hargave’s move from Birla Opus to Britannia to Priya Nair becoming HUL’s first woman MD & CEO, the FMCG boardroom churn reflects a generational shift redefining the country’s corporate landscape.
PhysicsWallah IPO: All you need to know about the edtech unicorn’s public issue
Physicswallah Ltd., the edtech services provider has fixed the price band for its upcoming ₹3,480 crore Initial Public Offering (IPO) on Thursday, November 6. Here’s a detailed FAQ-style guide to help you understand all about PhysicsWallah’s IPO.
Bihar Elections Phase 1 Voting Highlights: 60.13% turnout, chaos in Lakhisarai, 2nd phase campaigning begins
Bihar Elections Phase 1 Voting Highlights: Voting in the first phase of the Bihar assembly elections 2025 began on the morning of Thursday (November 6) amid tight security arrangements, an official said. The polling commenced at 7 am and concluded at 5 pm with 60.13%.
US orders 10% flight cuts at major US airports due to shutdown
Transportation Secretary Sean Duffy said on November 6 that he would order a 10% cut in flights at 40 major US airports, citing air traffic control safety concerns as a government shutdown hit a record 36th day.
Typhoon Kalmaegi kills 114 in Philippines, Vietnam braces for massive evacuations
Deadly Impact: The death toll from Typhoon Kalmaegi in the Philippines rose to 114, with 127 still missing, according to the national disaster agency. The storm devastated central provinces before moving toward Vietnam. Philippines President Ferdinand Marcos Jr. declared a state of national calamity, calling Kalmaegi the deadliest natural disaster to strike the country this year.
Beyond #Newsroom
Follow the CNBC-TV18 channel on WhatsApp
Catch crispy news updates on the go! – CNBCTV18 Minis
Watch all #videos under one segment- CNBCTV18 Binge
We bring you real-time updates and analysis of the stock market – Real-time market updates
We’ll see you on Tuesday with another engaging ‘Top 10@10.’
