
Markets
Who Pays When a Crypto Exchange Is Hacked? Only the Exchange Itself
Binance says it has covered up to 90% of a record $6.3 billion theft from its own money. The users were made whole by a company's choice, not by any system, and an Indian exchange's customers got a very different deal.
By The Signal Editorial
November 1, 2026 · 6 min read
The Latest

Markets
Indian Retail Investors Sold Stocks in FY26 and Put Their Money Into IPOs
Individual investors turned net sellers in the stock market in FY26 after five years of buying, yet their IPO money still rose. The rotation reversed in 2026, and the listing data hint at why.
October 31, 2026

Markets
Alphabet and Meta Stopped Buying Back Their Shares and Borrowed to Keep Building
Alphabet and Meta spent $66 billion on buybacks in the first nine months of 2025 and nothing in 2026. Alphabet, Meta and Amazon raised about $225 billion of debt over the same stretch.
October 31, 2026

Business
The Services Surplus Is Paying Less of India's Import Bill
Services exports slowed to 7.2% in September, with imports growing almost twice as fast. The surplus that offsets India's goods deficit is still large, but it is covering less of the gap.
October 31, 2026

Business
Indraprastha Gas Sold a Record Volume and Its Profit Fell 94 Percent
IGL crossed 10 million cubic metres a day for the first time and earned 94 percent less. Its imported gas cost roughly doubled, and its pump price did not.
October 31, 2026

Technology
Washington's Intel Stake Lost More in One Day Than It Cost
Intel fell 29% in a day and the US stake in it lost about $12 billion on paper, more than the $8.9 billion Washington paid. India backs its chip plants with grants, not a share price, and the two designs carry risk in very different places.
October 31, 2026

Business
India's Diesel Export Levy Is Down 79 Percent From Its Peak and Just Turned Back Up
The diesel export levy peaked at Rs 55.50 a litre in April and stood at Rs 8.50 two weeks ago. The 31 October reset took petrol to zero and pushed diesel back up, which shows the levy is now three separate prices, not one tax.
October 31, 2026
Business & Markets

Business
The Services Surplus Is Paying Less of India's Import Bill
Services exports slowed to 7.2% in September, with imports growing almost twice as fast. The surplus that offsets India's goods deficit is still large, but it is covering less of the gap.
October 31, 2026

Business
Indraprastha Gas Sold a Record Volume and Its Profit Fell 94 Percent
IGL crossed 10 million cubic metres a day for the first time and earned 94 percent less. Its imported gas cost roughly doubled, and its pump price did not.
October 31, 2026

Business
India's Diesel Export Levy Is Down 79 Percent From Its Peak and Just Turned Back Up
The diesel export levy peaked at Rs 55.50 a litre in April and stood at Rs 8.50 two weeks ago. The 31 October reset took petrol to zero and pushed diesel back up, which shows the levy is now three separate prices, not one tax.
October 31, 2026
Technology & Science

Technology
Washington's Intel Stake Lost More in One Day Than It Cost
Intel fell 29% in a day and the US stake in it lost about $12 billion on paper, more than the $8.9 billion Washington paid. India backs its chip plants with grants, not a share price, and the two designs carry risk in very different places.
October 31, 2026

Technology
Microsoft Is Offering a Quarter of Its Staff a Way Out as Profit Rises
Microsoft is offering buyouts to about 60,000 employees, including in India, in a year its operating income rose 21%. At the take-up rates on record, the offer would move 1% to 8% of its workforce.
October 27, 2026

Technology
India's Smartphone Market Fell to a Decade Low, and Chinese Brands Took the Hit
Shipments fell 26% to a decade low even in festive season. The brands built on thin margins and cheap memory lost the most, while Samsung and Apple held the premium end.
October 27, 2026
Health, Culture & Geopolitics

Health
India Confirms Hundreds of Heat Deaths a Year, but El Niño May Bring 55,000 by March
A new tracker projects about 55,000 heat deaths in India between October and March, most of them in March. The official count recorded 159 heat deaths in all of 2024, so the toll the country will be judged on may never appear in its own numbers.
October 29, 2026

Health
India Caps How Fast Most Medicine Prices Rise, Not Where They Start
The Supreme Court has reserved its order on why most medicines sit outside India's price control regime. For about four fifths of sales by value, the law limits yearly increases and leaves the starting price to the manufacturer.
October 28, 2026

Health
The Malaria Vaccine With a 40 Percent Price Cut Still Costs Twice as Much as Its Rival
Gavi and UNICEF cut the price of the Mosquirix malaria vaccine by about 40 percent to 5.50 euros a dose. Its rival R21 is $2.99, and WHO says neither performs better. The deal is conditional on a manufacturing move to India's Bharat Biotech.
October 23, 2026