Daily Brief

The day's stories on AI, fintech and business, written to be read in minutes.

Morning Edition, November 1, 2026

OpenAI reportedly cuts its funding target to $20 billion OpenAI's new round is now reportedly aimed at $20 billion, down from $30 billion, with $11 billion secured so far and tepid interest from some investors.
AU Small Finance Bank probes a vehicle-loan data leak claim AU Small Finance Bank is investigating a possible leak from a Salesforce-hosted platform after a hacker group's claim. Its own systems are unaffected.
StockGro's FY26 profit triples to Rs 113 crore ahead of IPO StockGro's parent AssetGro Fintech reported FY26 net profit of Rs 113 crore on Rs 226 crore revenue, as it prepares an IPO of up to Rs 2,500 crore.
Walmart probes Flipkart staff over alleged Rs 150 crore kickbacks Walmart has reportedly opened a probe into alleged vendor kickbacks of over Rs 150 crore at Flipkart. The claim is unverified and Flipkart cites its controls.
Update: FDA approves Inovio's Voceryq for a rare airway disease The FDA granted accelerated approval to Inovio's DNA immunotherapy Voceryq on 30 October 2026; 7 of 26 patients needed no surgery in a year.
Jio Platforms posts Rs 8,387 crore profit in first post-listing quarter Jio Platforms' Q2 FY27 profit rose 13.7% to Rs 8,387 crore in its first results after listing, with ARPU at Rs 218.8 and 542.4 million users.
SEBI stretches FPI KYC reviews to two or eight years SEBI's 30 October circular lengthens KYC reviews for foreign portfolio investors to two or eight years from 1 December 2026, easing paperwork.