11:11 | Coforge may acquire Encora for $2B; Zepto's confidential IPO papers; Gold, silver rally & more

Coforge may acquire Encora for $2 billion, sources say; Fund raise board meet today

Coforge Ltd. is in talks to acquire Encora in a deal that could be valued at around $2 billion, sources familiar with the matter told CNBC-TV18. The development comes ahead of Coforge’s board meeting later today to consider a fundraising proposal,

after which the company will hold an analyst call this evening. Encora is currently owned by private equity firm Advent International, which acquired the company in 2021 after buying out Warburg Pincus at a valuation of about $1.5 billion.

Zepto to file confidential IPO papers today — All you need to know

Quick commerce operator and a peer company of Eternaland Swiggy, Zepto Ltd. will be filing its draft IPO papers today, targeting a listing between July to September of next year.

Sources tell CNBC-TV18 that Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities and Motilal Oswal are the Book Running Lead Managers (BRLMs) for the IPO.

CAG flags gaps in rural electrification claims under DDUGJY, Saubhagya despite '100% completion' assertions

A report by the Comptroller and Auditor General of India (CAG)

has flagged serious shortcomings in the implementation of the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) and the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya

), questioning government claims of 100% household electrification and pointing to delays, duplicate claims and undue benefits extended to contractors.

VIP Industries has underperformed Safari in the last five years; Here's what can turn it around

India's luggage companies are entering a sustained recovery cycle and may compound at an annual growth rate of 12% over 2023-2028 to reach ₹36,000 crore in size, Elara Capital wrote in a note earlier this month.

The sector is in the spotlight after promoters ofVIPIndustries completed the transaction of selling 32% stake in the company to private equity player Multiples on Wednesday.

Elara Capital expects branded penetration to rise to 60% by 2027 from levels of 54% in 2024, as functionality-led demand is fueling growth in both affordable and premium segments.

Mumbai pollution: BMC issues stop-work notice to bullet train site, show-cause to BKC Metro project

Mumbai’s civic body, the Brihanmumbai Municipal Corporation (BMC), has issued a stop-work notice to the bullet train construction site at Bandra Kurla Complex (BKC) for violating anti-pollution guidelines. In addition, BMC has issued a show-cause notice to the Metro Line 2B construction site at BKC.

BMC Commissioner Bhushan Gagrani confirmed the action to CNBC-TV18, saying, “BMC has issued a show-cause notice to the Metro 2B line construction site at BKC and a stop-work notice to the bullet train construction site at BKC.”

Indian-origin US official Ricky Gill receives NSC honour for role during India-Pakistan ceasefire

Indian-origin US official Ricky Gill has received the National Security Council’s Distinguished Action Award for his role in ceasefire negotiations between India and Pakistan this year. The award was presented by US Secretary of State Marco Rubio, according to a confirmed official citation.

Gill currently serves as Special Assistant to the US President and Senior Director for South and Central Asia at the National Security Council (NSC).

US officials said the recognition was for Gill’s contribution to internal coordination and diplomatic outreach.



Gold, silver prices surge as the US dollar weakens amid Trump-induced geopolitical volatility

Growing global tensions and the weakening US dollar contributed to the historic surge for precious metals, which saw gold and silver soar to all-time highs.

Spot gold reached a record above $4,530 per ounce, up as much as 1.2%. The attractiveness of the precious metal has increased because of tensions in Venezuela, where the US has blockaded oil vessels and increased pressure on Nicolás Maduro's regime.

In addition to that, the 47th US president also announced another set of strikes that the US forces carried out in Northwest Nigeria.



55% of the companies that raised funds via QIPs in 2025 trade below their issue price

As many as 55% of the companies that raised funds through the Qualified Institutional Placement (QIP) route in 2025 are trading below the price at which they issued shares to eligible institutions, according to the latest study by Motilal Oswal.

After a record year in 2024, when companies raised ₹1.36 lakh crore through the QIP route, the figure has seen a dip this year, with ₹71,800 crore being mobilised by 35 companies, according to the study.



Shareholder Lock-in: Seven companies to see shares worth ₹3,400 crore free up for trade today

As many as seven companies will be seeing their respective shareholder lock-in end in today's trading session. The total value of those shares is close to ₹3,400 crore. However, a majority of that value belongs to one company. Let's look at those stocks in greater detail. Additionally, shares of five out of those seven companies are currently trading below their issue price.

Who was Shivank Avasthi, Indian student shot dead near University of Toronto

A 20-year-old Indian student was shot dead near the University of Toronto Scarborough campus, prompting a homicide investigation. Toronto police confirmed that Shivank Avasthi's death marked the city’s 41st homicide of 2025.

Officers were called to the area of Highland Creek Trail and Old Kingston Road at approximately 3:30 p.m. after reports of ‘unknown trouble,’ the Toronto Police Service said in a statement. When officers arrived, they found a male victim with a gunshot wound on a paved trail running through a wooded section near the campus perimeter. He was pronounced dead at the scene.

#NewsInNumbers

Biryani topped the food charts again in 2025, with Swiggy delivering nearly three biryanis every second. As India’s love for the dish refuses to fade, here’s a look at some popular variants of biryani by place of origin.

Biryani Map of India