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BusinessPhoto: ET MarketsLam Research reported a record revenue of $8.22 billion, driven by strong demand for AI infrastructure and memory chips. However, shares fell due to supply constraints, a decline in revenue from China, and a cautious outlook, which affected investor sentiment despite the company's strong earnings performance.
ET Markets·
PoliticsPhoto: Hindustan TimesUS Secretary of State Marco Rubio stated that America's close relationship with Pakistan does not undermine its partnership with India. Speaking in Mumbai, he emphasized that both the US and India share concerns about terrorism. Rubio highlighted that maintaining ties with Pakistan allows the US to influence Islamabad while continuing to support India's fight against terror, referencing the 2008 Mumbai attacks.
Hindustan Times··Mumbai
BusinessPhoto: Mint MarketsShoppers Stop shares have delivered weak long-term returns over the past decade despite revenue growth. The company faces pressure on profitability due to losses, rising costs, and intense competition. ICICI Securities has maintained a Hold rating on the stock and reduced its target price to ₹350, reflecting cautious outlook on its near-term performance.
Mint Markets·
PoliticsPhoto: TOI WorldAn appeals court in Babylon, New York overturned a foreclosure decision involving a $400,000 mortgage. The court ruled that Bank of America failed to provide adequate notice to the borrower before starting foreclosure and did not prove it had proper standing. The bank's request for summary judgment against Alice McNamara's estate was rejected after years of legal battle following her husband's death.
TOI World··Babylon
BusinessPhoto: Amar BusinessOn October 22, 2026, the Indian stock market experienced a significant drop. The Sensex fell by over 460 points, while the Nifty declined by more than 123 points. The main reasons were escalating conflicts in West Asia and rising crude oil prices, which impacted market sentiment negatively.
Amar Business·
PoliticsPhoto: DNA IndiaBJP leader Bhatia criticized Congress leaders for calling Raihan Vadra the future Congress president. He called Raihan a "defective product" who lost 99 elections and claimed he was not launched by Sonia Gandhi but is now being promoted by Priyanka Gandhi, calling it her "mission to launch Raihan."
DNA India·
ET Markets·
Photo: ET MarketsLam Research reported a record revenue of $8.22 billion, driven by strong demand for AI infrastructure and memory chips. However, shares fell due to supply constraints, a decline in revenue from China, and a cautious outlook, which affected investor sentiment despite the company's strong earnings performance.
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