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BusinessPhoto: ET TechOpenAI has reduced its funding target for the latest round by $10 billion, now aiming to raise $20 billion at a $1.25 trillion valuation. Previously, the company sought $30 billion at a $1.4 trillion valuation, according to the Financial Times, citing sources familiar with the matter.
ET Tech·
SciencePhoto: News18 HindiISRO strengthened India's NavIC system by successfully launching the NVS-03 navigation satellite, bringing the total to four satellites in orbit. Two more satellites are being prepared, and one is awaiting approval to reach the required seven for better navigation services. ISRO plans at least five launches this fiscal year, including the first unmanned mission of Gaganyaan, with three unmanned missions planned before sending humans to space. Over 8,000 tests have been conducted so far.
News18 Hindi·
BusinessPhoto: ET MarketsRatnadeep Retail, a value-fashion retailer based in Hyderabad, has received approval from Sebi to launch an IPO. The issue includes a fresh issue of up to Rs 400 crore and an offer for sale of 1.49 crore shares. The company plans to use part of the funds to repay borrowings and expand its store network across India.
ET Markets··Hyderabad
SciencePhoto: Deccan HeraldISRO chief V Narayanan stated that to overcome technical issues and ensure mission reliability, the NVS-03 satellite was operated with three pyro valves open. This decision followed rigorous vibration and shock tests by a national committee led by former ISRO chief Kiran Kumar. The move addressed previous failures seen in the NVS-02 satellite launched in 2025. ISRO plans to launch NVS-04 next, with four satellites now active in India's navigation system.
Deccan Herald··Sriharikota
BusinessPhoto: HT EntertainmentIn November 2022, Tom Hanks launched HANX for our troops, a consumer goods company donating 100% of net profits to veteran support organizations. The brand's coffee line, including blends like First Class Joe, has helped hundreds of U.S. military families by September 2026. Hanks, known for military roles, created the brand to provide comfort and aid to veterans and their families.
HT Entertainment·
PoliticsPhoto: The HinduRaghavan, a 25-year-old convicted of theft in Bengaluru, escaped police custody for the second time in Coimbatore early on October 31, 2026. He was arrested on October 30 and remanded to judicial custody but escaped around 12:40 a.m. by pushing escorting police before entering Coimbatore Central Prison. Police launched an intensive search with drone surveillance and special teams.
The Hindu··Coimbatore
ET Tech·
Photo: ET TechOpenAI has reduced its funding target for the latest round by $10 billion, now aiming to raise $20 billion at a $1.25 trillion valuation. Previously, the company sought $30 billion at a $1.4 trillion valuation, according to the Financial Times, citing sources familiar with the matter.
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