📰 India Business Brief: Top Headlines for November 11, 2026

The Economic Times

• Blackstone to Invest ₹5,000 Crore in IIFL Finance: Global private equity giant Blackstone is set to invest ₹5,000 crore for a 16% stake in non-banking lender IIFL Finance as part of the company's broader ₹6,414 crore capital raise.
• SEBI Clears PRIM Route for PMS Players: Market regulator SEBI has approved the PRIM route allowing Portfolio Management Service (PMS) providers to invest directly in mutual funds and Specialized Investment Funds (SIFs), setting a minimum ticket size of ₹25 lakh.
• Crude Volatility Keeps Markets on Watch: Brent crude climbed back toward $92 per barrel after renewed attacks on merchant vessels in the Strait of Hormuz offset preliminary hopes for a diplomatic breakthrough.
• Qantas Outsources Back-Office Roles to India: Australia's Qantas Airways has lined up a transition of back-office and technology processes to India under a partnership with Accenture while trimming 850 domestic roles.
• NTPC Sole Applicant in Coal Gasification Scheme: NTPC Ltd emerged as the only participant in the second round of bidding for the central government’s coal gasification incentive scheme.

Business Standard

• Foreign Investors Turn Net Buyers: Overseas portfolio investors (FPIs) have made a decisive return to Indian equities after weeks of volatility, signalling long-term confidence in domestic economic growth.
• GIFT Nifty Rallies 300 Points: Supported by rebounding technology and engineering stocks across Asia, GIFT Nifty surged 300 points, boosting domestic market sentiment at the opening bell.
• Strong Q2 Earnings for State-Run OMCs: Government-owned oil marketing companies reported robust profitability for the second quarter of FY27, weathering swings in global crude prices and refinery margins.
• Diwali Smartphone Sales Slump: Consumer electronics shipments witnessed muted volumes during the festival season, primarily driven by sharp price escalations in mid-tier and premium segments.
• Adani Power Speeds Up ₹30,000 Crore Odisha Venture: Adani Power has expedited groundwork and environmental compliance for its upcoming ₹30,000-crore ultra-supercritical power project in Odisha.
• Rupee Up Against US Dollar: The Indian rupee strengthened to around 93.74 against the greenback in early trade, though analysts note the RBI's sizeable forward dollar book may prevent runaway appreciation.

Mint

• India Inc Executive Pay Disparity Widens: A study shows that nearly half of India’s top corporate leaders now earn more than 100 times the median compensation of their general workforce.
• IOC Explores Fleet Expansion Amid Hormuz Bottlenecks: Indian Oil Corporation is pursuing direct acquisitions of crude and LPG carrier vessels to safeguard fuel transportation against persistent geopolitical disruptions in the Persian Gulf.
• AI Adoption Expands but Readiness Lags: A survey by Dun & Bradstreet highlights that while enterprise opportunities for artificial intelligence are surging across Indian firms, internal governance and data readiness continue to lag.
• Anthropic Public Listing Dominates Market Attention: Market participants continue to track corporate and investor preparations surrounding Anthropic's multi-billion dollar IPO pipeline and strategic backing from tech majors.
• Forevermark Expands India Footprint: De Beers’ Forevermark brand has outlined an aggressive expansion roadmap, targeting 100 dedicated retail stores and a ₹1,000 crore top-line in the Indian market.