Breaking Nov 12 Headlines: Shocking Market Crash, Game-Changing Air India-Vistara Merger, Nykaa’s Q2 Triumph & Historic All-Women CISF Battalion

As November 12 concludes, let’s recap the day’s significant events in India. The Indian stock market faced a downturn, with the Sensex and Nifty experiencing their fourth straight day of losses. The Nifty ended 1.07% lower, closing at 23,883 points, while the Sensex dropped 1.03% to 78,675 points, as investor optimism diminished.

In a historic development, the Indian government sanctioned the first all-women reserve battalion for the Central Industrial Security Force (CISF), comprising over 1,000 personnel to bolster security at airports and critical infrastructure.

Nykaa reported robust Q2FY25 results, with a net profit surge of 71.6% to ₹10.04 crore, alongside a 24.4% revenue increase to ₹1,874.74 crore. Contrastingly, Hyundai Motor India saw a 16% decline in net profit, down to ₹1,375.47 crore, attributed to adverse market conditions and geopolitical tensions.

Air India successfully completed its merger with Vistara, forming an integrated airline partnering with Singapore Airlines. This merger aims to establish a “world-class global aviation company” and will cater to over 1,20,000 passengers daily, covering more than 90 destinations.

In international news, a tragic accident in Zhuhai, China, resulted in 35 deaths and 43 injuries after a vehicle plowed into a crowd during an evening exercise session. The incident occurred around 7:48 p.m. on Monday, casting a pall over the day’s events.

These are today’s top stories, reflecting major developments across economic, social, and corporate landscapes.

Original Story https://www.livemint.com/news/top-news-of-nov-12-market-crash-air-india-vistara-merger-nykaa-q2-results-cisf-first-ever-all-women-battalion-more-11731418941407.html
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